aaron2

A life time of driving New Old Cars

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In the olden days of the NAVY FEDERAL CREDFIT UNION you had to be a member of the US Navy or USMC to join and you had to be outside of the United States. All Dept. of Defense can join now)

I was a Member of the Norfolk Navy Credit Union, at the time and wanted a previously owned 1965 Ford Galaxy 500 Convertible. (The picture is not my car, one of those woman I met kept all the photos of mine)

Visa Assistance

I had reenlisted and could put half of the purchase price as a down payment. The credit committee in Norfolk assumed that I was tricking them by reenlisting and I planned to run off with their half of the car, and turned me down flat!

1965 Ford 500 Ragtop mine was dark blue

1965 Ford 500 Ragtop mine was dark blue

Dejected I left in my 1962 Chevy Bel-air back to the ship. In my locker (The “B” Drawer to be precise) I noticed the card from the Navy Federal Credit Union which I had joined in Rota Spain just a couple of months before. The card said call collect, but my Division Officer told me it was an accepted call on the Navy’s Trunk line.

I called, told them about the deal, they approved it. (I was still paying 50% down) and then they told me that banking laws prohibit being a member of two credit unions at one time, I must (My choice) quit one. Goodbye Norfolk and was driving my new (To me) convertible on Virginia Beach the very next weekend.

NFCU Headquarters

NFCU Headquarters

Being single I noticed that I had a lot of cash in my “A” Drawer at the end of every month, so I cut an allotment to the NFCU for 50% of my pay to be deposited the next day with the Disbursing Officer, and my good saving habits were started, plus I was still driving a chick magnet car. (But there was this one chick……)

Next was the problem of stowing my car while deployed to the Med or Northern Europe. But a Chief I worked for had a house with a two car garage, and for $20.00 per month I rented half. Put the car on jack stands and went to sea.

As we moved into the 1970’s Storage Lockers came into being, but the Chief’s garage was much cheaper, but he transferred.

A few years pass and quite a few previously owned great cars came and went. (Well there was that Fiat 850 convertible piece of crap).

I was a brand spanking new CHIEF Petty Officer on recruiting duty in Coco Florida I felt I deserved a brand spanking new car.

1958 Bug-Eyed Sprite Coco Beach FL

1958 Bug-Eyed Sprite Coco Beach FL

Here is the reason I bought the one I did. Still single, driving a restored 1958 Austin Healey Bug Eyed Sprite along the Banana River to my Condo in Titusville Florida I passed the Lincoln Dealership that had a new 1978 Cream colored Town Car in the window with a white leather interior, and a white landau top. What would you have done? Plus I had a few beers.

Dumb salesman, I pointed to the car I wanted, he danced me around the lot showing me nice Mercury’s but no new Lincoln’s. I broke loose to make a head call and found his boss and told him one time that I wanted that “Car in the Window” I was in uniform but pointed out the Healy and said: “I have clear title to that!” As if I’d ever sell it. I handed him my NCFU card and told him to call and get the loan approved (It’s Toll Free now). He was going to bring in the salesman, but I told him I would leave if I had to be around that dolt one more second.

1978 Lincoln my first brand new car

1978 Lincoln my first brand new car

One phone call, NFCU told the sales manager it was approved and to give Mr. Thompson the title and keys. He asked me how that happened, and I explained that I had more money deposited than the car was worth. He smiled and mumbled “Stupid Salesman” I requested if someone could drive the Lincoln to my place as I wasn’t leaving my Bug Eye anywhere.

This is a no shitter; he had the same stupid salesman bring my new car home. Next, I drove the Lincoln for 12 years trouble free and gave it to my father as his Florida Car during the winters. I went back to driving previously owned cars. (And Motorcycles all10 of them) I did buy my 750 Norton new!

Why, because now I’m a Merchant Marine in Asia, and who doesn’t want to store new cars for six months at a time, my last loan was in 1978 and until now if I can’t pay cash, I don’t want it. But every month the Navy Federal Credit Union still keeps my money safe in Virginia until I want some.

So Bank Loyally, I’d say I have it, with almost 50 years with just the NFCU.

My second brand new car

My second brand new car

My wife looked at me a couple of years ago, when my New Old Honda was on the way off the mountain to be replaced, and she said; “Can we afford a new car? So I said why not, and the search was on. I found the Mitsubishi Mirage G-4 after looking at the same class of car from the other dealers, the Ford Fiesta, was “P” 1,200,000.00 and had not one thing more on it than the G-4 which was “P”850,000.00, the girl at NFCU recommended I put down half, and finance half at 1.29% for three years.

They put the total purchase price on my visa debit card and upped my limit for one day and the dealership sold me the car for cash. If you use a regular credit card the dealerships bank will charge you around 6% interest for working the deal. Any time you can cut out a bank is a good day.

My wife is a full member of NFCU as are my daughters and grandchildren. I’ve had one bank for 90% of my banking life, not shabby.

My Owner Jeep in the RP

My Owner Jeep in the RP

And a second loan since 1978, on my banks advice to save me losing interest on my savings account.

BTW my warrantee on the Mitsubishi was three years or 100,000 kilometers. At the end of four years we still only have 21,000 kilometers on the car, and I never took it back to the dealer for their overcharged service visits. This is how I do it, but it is not my recommendation for how other people should do it. You’re big now, so you decide how to do it.

Mrs. Thompson did ask about one more NEW car, I told her as soon as she puts 100 “K” on this one, that should be in about 16 more years. I’ll let her pick it out!

Posted in

Paul Thompson

Paul Thompson; has resided in the Philippines since 1993, living close to Subic Bay. I’m married to a wonderful girl named Maria (AKA Mayang).Who is from Gordon Heights in Olongapo where she grew up with her Mom & Dad and seven siblings Our two daughters are both grown up and have left the nest, the eldest married to a wonderful guy named Chris, and they have blessed us with our granddaughter Heather Colleen Our youngest daughter and her husband Cecil have blessed us with a grandson named. Jayden Logan. I’m a retired U.S. NAVY Senior Chief after 22 years of active duty. After retirement from the Navy I lived for 7 years in Puerto Rico as a Night Club owner. Then Hurricane Hugo told me to find a new line of work, I was hired by Military Sealift Command and went back to sea in Asia as a Merchant Seaman for 10 years. After 30 plus years at sea I buried my anchor on a mountain in the Philippines and am now residing in Dinalupihan (or DinBat for short), Roosevelt, Bataan where we built our home. And last but not least, anything I writes will be pure "Tongue in Cheek "If anybody is offended, I'll lose no sleep over it, but here's a quick Mea Culpa in advance!

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gcl65
gcl65
3 years ago

The 70’s

Drive all day on $5 of gas even though you only got 8 miles to the gallon!

Paul Thompson
Paul Thompson
3 years ago
Reply to  gcl65

gc165
(LOL) Ain’t that the truth before the phony gas shortage in the 1970’s to raise gas prices. Did you notice the that the shortage ended when the price went up and the next day their was plenty of gas I was driving ab Olds 98 fully loaded and drove it another year. Buy a Pinto? I think not.

Bob New York
Bob New York
3 years ago
Reply to  Paul Thompson

Yeah, the gas shortage. I used to get up at 3 AM to go to a gas station a friend worked at who sold to their regular customers ” by Appointment “. Then we had the odd and even days dictated by your license plate number. Total nonsense. Those were the days LOL

Paul Thompson
Paul Thompson
3 years ago
Reply to  Bob New York

BOB (NY)
One week prior to the Fuel shortage ending my ship was returning from Europe as we entered the channel to our port and starboard lay at anchor hundreds of fuel tankers, and this was taking place in every port in the USA. Shortage my ass!

Roger Disco
Roger Disco
3 years ago

Paul: Loved the story about you and your lifetime of cars, particularly the bug-eyed Sprite. I can relate to the low mileage you drive here in the Phils. I have a 2016 Kia I bought 6 months ago. I’ve put a whopping 2000 kilometers on it since.

Paul Thompson
Paul Thompson
3 years ago
Reply to  Roger Disco

Roger Disco;
I lived for 9 years in Puerto Rico, 100 miles long by 60 miles wide absolutely no mileage was ever put on my cars and I owned three cars at one time. (Visiting Navy buddies drove them plus I had a house for them)

Bob New York
Bob New York
3 years ago

Looks like you have a fine taste in cars Paul. I don’t remember the Galaxie as much as I do the Fairlane 500. Have you seen what todays Lincoln Town Cars look like ? No reselblance to the one you had and the ones I remember from back then. For the last 20 years ago I have been driving Ford Escort and then the Ford Focus. Seems I get about 7 years and / or 170,000 miles out of them and then they get into the expensive repair costs.

Paul Thompson
Paul Thompson
3 years ago
Reply to  Bob New York

New York Bob;
I was in a car wash when a guy said; “That is a nice old Town Car you have.” So I said, “Thank you, and how do you like that new Thunderbird?” It’s a Lincoln not a Thunderbird.
My, don’t they all look alike now? I smiled and walked away.

Dave Starr
Dave Starr
3 years ago

Great article covering a lot of ground, Paul. Especially the recommendation to use a good US Federal Credit Union. Navy FCU is indeed the largest, here are 49 others, well regarded which offer good service: http://philfaqs.com/yet-another-reason-say-stay-away-crooked-us-banks/ By law, Federal Credit Unions are not allowed to enter into many of the crooked end predatory practices many large US commercial banks indulge in.. and are still indulging in. Money laundering for drug cartels, etc. When caught, they make cash deal with the US justice system, admitting no guilt, and pay billions in fines .. but actually their depositors do in the long… Read more »

Paul Thompson
Paul Thompson
3 years ago
Reply to  Dave Starr

Dave; 12 years and less than 60,000 miles or 5,000 miles a year, you drive the same amount per year as me. In the states it would be considered new! (lol) But I’ve never used a bank, as my Dad told me, they caused the depression when he was a kid. Did you notice that during the housing bailout 9 years ago, that the taxpayers bailed out the banks. When that same money could have gone to the homeowners instead, and no house would have been foreclosed, and all those same banks would have be paid back by the owners… Read more »

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