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Discussion in 'Walt Disney World News, Rumors and General Disc' started by See Post, Jun 14, 2009.

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    Originally Posted By CarolinaDisneyDad

    Mpierce.. I have a 1980 vette.... Had a 68 years ago...was fast as lightning... I love corvettes but the vacuum systems and electrical systems are really challenging
     
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    Originally Posted By vbdad55

    I also had an 80 -- they are 'not fast' -- now my 69 Camaro - yeah that was quick - and my 701/2 Trans Am 455SD - also fast.
     
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    Originally Posted By MPierce

    My lovely childbride had a '73 Vette with a 454. It was pretty quick. I wish she would have kept that instead of the Bird.
     
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    Originally Posted By Spirit of 74

    >> And, gee, who wants a 10-year-old GM lemon anyway? <<

    <<I know what you mean. Hardly anybody is interested in our 41 year old Firebird or 15 year old Corvette.>>

    Does the wife actually let you drive them?
     
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    Originally Posted By CarolinaDisneyDad

    The 68 had a 327 stock. we took it out and put in a bored out 350 that was kickin. The other stuff on the car didn't always work but the engine was something else. Had it up to 107 mph and still ahd pedal left but I chickened out.
     
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    Originally Posted By Spirit of 74

    My last GM vehicle (and the best by far) was a 1994 Firebird Formula with the Corvette engine. Great power (to cover my um ... um ... other shortcomings) and it also was smooth and comfortable. It's the only American car I owned that I miss. Got rid of it after five years as warranty ran out after three and 'small' repairs would result in sums like $850, $475, $1150, $700 regularly winding up on my magical GM MasterCard.

    Pity that they couldn't build cars to last and back them up when they didn't.

    But I loved that car.
     
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    Originally Posted By MPierce

    >> Does the wife actually let you drive them? <<

    No, but she lets me sit in them, and make engine sounds.

    >> My last GM vehicle (and the best by far) was a 1994 Firebird Formula with the Corvette engine. Great power (to cover my um ... um ... other shortcomings) <<

    Had the short dipstick huh?
     
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    Originally Posted By Spirit of 74

    ^^Sadly, yeah.
     
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    Originally Posted By RoadTrip

    As I explained PREVIOUSLY... (Please TRY to keep up) Disney has not stopped selling DVC. For the most recent quarter they were not able to resell those mortgages on the secondary market. No real surprise there.

    We bought our Branson home (a town home) about a year ago. Even with a credit score of about 800 it was very difficult to get a mortgage. The lenders were scared to death of all second homes. We had to sign a statement saying that we were NOT purchasing the property as an investment or a rental property.

    The fact that Disney had trouble re-selling mortgages really doesn't mean squat as far as DVC sales go.
     
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    Originally Posted By SuperDry

    <<< The fact that Disney had trouble re-selling mortgages really doesn't mean squat as far as DVC sales go. >>>

    Well, no effect on the number of sales. But it has a huge effect on the company's cash position. Since they used to sell the mortgages to third parties, they used to get all of the cash up front on each sale. Now they have to wait to get their money over the course of the mortgage (or at least until the credit market gets normal enough that they can resume reselling the mortgages). My understanding is that DVC traditionally has been a huge cash generator for WDW, so having to carry all of the new mortgages in-house could be having a dramatic effect inside the company.
     
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    Originally Posted By vbdad55

    if it is as it was back in the day - they are not handing over low rate mortgages - they were about 5% above prime when I bought in the early 90's- which is why I paid up front...so while it's not all the money up front, it is a serious cash flow
     

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