QOTD: What Gearhead Folly Has Befallen You?

Gearheads like ourselves are particularly susceptible to the siren song a car, especially if our own Id deems it to be a ZOMG good deal. This is the deep and perilous financial rabbit hole into which most of us fall.

All of this was on prominent display this weekend at the annual Barrett Jackson classic car auction this past weekend in the Arizona desert. I stood across from a guy who, wild-eyed and armed with a bidder’s number, was bound and determined to win the 1964 Austin-Healey in front of us on the block. He was successful, and I wish him well, Lucas electrics and all.

I wager most of us reading TTAC have a story of getting waaaay too wrapped up in the auctioneer’s patter or throwing caution to the wind on a particularly sketchy Craigslist ad … including our esteemed Managing Ed.

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Tesla Roadster Buyer Report 2: Crickets Chirping

It’s now been four months since I sent in my $5,000 deposit on a Tesla S all-electric four-door sedan. I still think it’s a cool car, but so far I’m very disappointed in Tesla’s communications with us S owners. After an initial flurry of messages confirming the order, assigning me a production number, and inviting me to the opening of the New York Tesla store, I’ve heard exactly zilch from the factory.

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  • Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
  • Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
  • 28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
  • 28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
  • AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.