Since my last post, I have made several transactions, all of which are reflected in my Portfolio.
In July, I sold about $70,000 of shares to buy a 2017 Tahoe Premier. My wife and I have wanted this vehicle for close to 16 years and for several reasons, the timing was right. My 2008 GMC Acadia had several issues - the most annoying one being no A/C for 3 years (even GM couldn't find the leak). And with 2 very long road trips every year, we were fed up. We had shopped for a Tahoe a few times over the past year and finally spotted one that we liked. A lot. It had the wheels I wanted and my wife loved the color. And it didn't have an entertainment system - on the road, my kids read and play games. Sorry, no TV.
After a test drive, we were informed that GM was offering 15% off the MSRP on certain Tahoes, and this one qualified. The interest rate was 5%, but we weren't going to finance it. Moreover, they offered us $8,000 for our trade-in (another GM dealer was only giving us $5,600). I then called my insurance and was told that my premium would increase $150 per year. It was too good to be true so I called back the next day to confirm with another representative. And, yes, it was only $150 per year! After some back and forth with the sales manager over several days, we got an additional $3,000 in value (an additional price reduction, accessories and maintenance).
In the end, it cost us $72,500, including taxes (13% - ain't it great to be Canadian) and the value of my trade-in. The full price would have been $92,800, including taxes and my trade-in. These prices include a 7 year 140,000km warranty that cost $4,290 (they wanted $4,920).
Yes, we are crazy. And 4 months later, we would do it again.