On layoffs, very bad attendance, and Iger's legacy being one of disgrace

["El Gran Magnifico"]

I’d rather talk about Disney...for a change

What's the margin on a parking spot at the Grand Floridian?

 

[Sirwalterraleigh]

It’s hard not to spend $100.00 any day in WDW.

Just to be clear...I’m talking the gate fee. That isn’t where the profit is.

The model during “phase 3” of wdw is fairly simple...and ingenious.

Ticket: $50 a day
Food: $75 a day
High profit, low overhead merch from China: $100 a day.

It worked...cash cow.

The “phase 4” era - Iger - has messed with all that and shrunk their potential market on all fronts...to I believe their longterm detriment.

Now we’re gonna see...after a long run of good luck for the stock price.

 

[mkt]

Interest free loans are good if one is confident one can pay it off during the promotional period. I don't know a lot of people who are responsible enough to pay it off during the promo period.

Promo periods are irrelevant on monthly annual passes, which are by their design, 0% loans for the entire term of the loan.

As far as responsible, well, then don't lend your friends money then.

 

[mkt]

Did they used to have annual pass payment plans for those states? I can only ever remember them
Being available for Florida.

We live in GA and if we could get on a payment plan would have bought AP’s a long time ago.

I could have sworn they did, but if they don't, I apologize for my error.

 

[Sirwalterraleigh]

Yeah but the dealer isn't working off of that margin. The car manufacturer is. Dealers may have several K they can work with. But it's not in the 10's of Ks.

Thank you...

This is getting insane. Who actually thinks there’s play in sales prices anymore? Almost none.

I know salesman say “I’m not making money off this car” when you’re signing the papers...and nobody believes them...

...but they’re telling more closely to the truth there than damn near anything else they say.

The manufacturer doesn’t own the dealership...they don’t share the money.

 

[mkt]

Okay first of all... If you're paying 0% interest on your car loan, you're paying a higher sales price than you could have otherwise negotiated. To get the lowest total cost, finance with the dealer at some higher interest rate and then pay off the whole thing 45 days later.

Second of all, there's a huge difference between people who can afford a purchase but CHOOSE to finance out of convenience versus people who CAN'T afford it and are suckered in by "low monthly payments."

Arrange your financing first, then you're free to negotiate the out the door price without worrying about your payment. When you're in the F&I office, you tell them, this is my rate - if you can beat it while maintaining the out-the-door price, then we have a deal. That's how I've always bought my cars.

If the salesperson starts talking about monthly payments, change the topic back to the our the door price.

 

[Sirwalterraleigh]

I could have sworn they did, but if they don't, I apologize for my error.

I think they might have had someone for Georgia and maybe the Carolinas??

But that was LONG ago...before my time. But tickets were far less money and no internet sales...so it’s hard to compare.

 

[Capsin4]

I would comment on "monthly payment plans for annual passes" but the last time I offered commentary on people making poor life decisions it didn't end well for me.

Are you suggesting this is a poor life decision? Seems like it’s a smart decision to pay monthly for monthly access rather than paying up front for a year especially if the cost isn’t significantly different.

 

[Sirwalterraleigh]

Arrange your financing first, then you're free to negotiate the out the door price without worrying about your payment. When you're in the F&I office, you tell them, this is my rate - if you can beat it while maintaining the out-the-door price, then we have a deal. That's how I've always bought my cars.

If the salesperson starts talking about monthly payments, change the topic back to the our the door price.

Exactly.

Perfectly stated.

 

[Sirwalterraleigh]

Are you suggesting this is a poor life decision? Seems like it’s a smart decision to pay monthly for monthly acces rather than paying up front for a year especially if the cost isn’t significantly different.

We got a lot of graduates of the “Disney School of Incorrect Economics” around here...proven near daily.

Some with at least a Masters Level.

(By the way...I’m very ANGRY about hockey this morning...very. Bristly )

 

[bryanfze55]

Thank you...

This is getting insane. Who actually thinks there’s play in sales prices anymore? Almost none.

I know salesman say “I’m not making money off this car” when you’re signing the papers...and nobody believes them...

...but they’re telling more closely to the truth there than damn near anything else they say.

The manufacturer doesn’t own the dealership...they don’t share the money.

Steve Rogers.

 

["El Gran Magnifico"]

(By the way...I’m very ANGRY about hockey this morning...very. Bristly )

Habs?

 

[Sirwalterraleigh]

Habs?

...the victim of them...yes

ARGHHHHH!!!!

 

[DVCakaCarlF]

What's the margin on a parking spot at the Grand Floridian?

100%

 

[CaptainAmerica]

Negotiating the price of the purchase is not the same as negotiating the financing.

I always get to the price, and then negotiate the terms.

That is not correct. Dealers have flower price floors when they think you're going to finance through their official financing companies.

 

[Sirwalterraleigh]

What's the margin on a parking spot at the Grand Floridian?

100%...

Which is why it’s ultimately bad taste.

1. Why promote “one of a kind experiences” and nickel and dime the concrete...am I in Jackson, New Jersey??
2. Why does the concrete cost “more” around the seven seas and “less” off victory way?
You just proved you’re indiscriminately nickel and diming.

Tacky.

 

[DVCakaCarlF]

That is not correct. Dealers have flower price floors when they think you're going to finance through their official financing companies.

I was referring to the purchasing process, not the circumstances of the transaction on the dealer side.

 

[Sirwalterraleigh]

That is not correct. Dealers have flower price floors when they think you're going to finance through their official financing companies.

Very small margins...I hate to break it to you.

 

[DVCakaCarlF]

100%...

Which is why it’s ultimately bad taste.

1. Why promote “one of a kind experiences” and nickel and dime the concrete...am I in Jackson, New Jersey??
2. Why does the concrete cost “more” around the seven seas and “less” off victory way?
You just proved you’re indiscriminately nickel and diming.

Tacky.

I will say that the parking fee was probably developed to charge folks who come over to the resorts just to watch HEA from the sand of Poly.

 

[CaptainAmerica]

Are you suggesting this is a poor life decision? Seems like it’s a smart decision to pay monthly for monthly access rather than paying up front for a year especially if the cost isn’t significantly different.

These programs are a marketing ploy to get people who can't afford the passes (or the cars) to buy them anyways.