Driving home from supper last night, Budge and I heard Confederate Railroad singing their hit song, “Daddy Never Was The Cadillac Kind.” Now the boys in Confederate Railroad wrote the two songs that perfectly sum up my relationships with my parents. Mama’s ringtone from the day I was able to get mp3 ringtones was “Jesus and Mama” by Confederate Railroad; they wrote that song for me and her, they just didn’t know it. Then Daddy fits just perfectly with “Cadillac Kind.” In the second verse of the song, the narrator is describing how he told his Daddy about buying a nice big new car. In his words, “Daddy asked how I bought it; I told him on credit, and Daddy just smiled, I’ll never forget it.” That brings to mind one of the most memorable conversations I ever had with Daddy and, this being Father’s Day, I thought I’d tell it as an interlude in my beach recollection.
So here’s what happened. I was eighteen and fresh out of high school in fall of 1989. I’d already abandoned my plan to go to Clemson University with some friends of mine and instead was working at Advance Auto Parts and planned to start classes at Greenville Tech later in the year. Each of those items is worth a story in its own right, and maybe I’ll tell them one day, but for now, suffice it to say I was in the grip of new car fever. For the last few months, I’d parked Marilyn — my ’69 Chevelle SS that would pass everything on the road but a gas station — and started driving a little Ford Fiesta, which is another story worth vignette. In any event, I was through with used cars and wanted to buy something new, so one Friday afternoon, I picked up my check from Advance and went with Mama to what was then Crossroads Chevrolet between Mauldin and Simpsonville.
I knew exactly what I wanted and it was sitting in the showroom when we walked in. It was a 1990 Chevrolet Camaro IROC Z-28, smoke grey with factory tinted windows, t-tops, and high pro v-8 engine. Sticker price was $22,999.00, which was a ton of money in 1989.
I pointed to the car when the salesman walked up and told him that’s what I intended to buy. He opened the driver side door, got me seated, went around and got in the passenger’s seat, handed me the keys, and I was off on my first test drive ever. Five miles of curvy roads and one carsick and extremely pale salesman later, we were back on the lot and then in his little cubicle. I filled out a mile of paperwork and signed my name to hundreds of forms. Mama didn’t have to sign anything. I was so proud. He said it would be about two hours before he could give us “a decision.” So we went to eat lunch.
Right here, I need to explain something to y’all I’m not really proud of, but it is a fact of my existence. I suck at all things financial. Growing up, I never learned to save because we never had enough money around to have anything left over to save. I didn’t get an allowance, if I was with Mama, she bought what I needed or wanted if she had the money and if she didn’t, I did without. It’s where I picked up a phrase I use to this day to answer someone saying, “I want X or Y.” My answer is “People in Hell want ice water too.” If I was with Daddy, it was the same way. So I just never learned how to handle money well. I knew people got paid on Thursday and it was their job to spend it all because I figured if anything was left the next Wednesday, they’d come back and get it. I’m serious about this. To this day, if I’m not constantly vigilant, I can go through a pile of money of any size like poop through a goose and have a ball doing it. I lived with Mama and Mama’s budget was the same as what I use today. It’s called the Pile Method. You get paid, put the money in the bank, and sit down with a checkbook and a pile of bills and write out payments until the money or the pile is gone. Some weeks the money won, most weeks the pile won. To this day, I do that with only a little variation. So again, I suck at all things financial.
After lunch, we went back to the showroom where the very somber faced salesman sadly gave me the news that GMAC Financial had refused my loan application on the Camaro. I was heartbroken and he almost got to see a big boy bawl. I wanted that car so bad I could taste it. He saved the day, however, by telling me he HAD gotten me approved for another vehicle. He took the lead and showed me, at the very back of the lot, the vehicle I would drive off the lot with that day. It was a 1989 Chevy S-10 Cameo EL pickup truck — base model, sticker price $7999. Now when I say “base model” I don’t mean “no power windows” or something like that; I mean it didn’t have a RADIO — just a hole in the dash covered by a blockoff plate. No power steering, no power brakes, no NOTHING. It was a 4 cylinder 5 speed manual drivetrain and it DID have A/C, but only because GM wouldn’t ship a car below the Mason-Dixon Line without A/C and expect to sell it.
I paid $200 down and signed my name to a loan agreement of $184 per month. The salesman handed me the keys, I kissed Mama on the cheek, and took off in my new ride to show Daddy what a big boy I was. Daddy had just gotten home from eight hours at Laurens Glass Plant. He was sitting in the shade of his workshop shed and stood up when I pulled into the yard. Looking back now, it’s hard to believe I was 18, which made Daddy 38 years old. I walked up the hill and asked him how he liked “my new truck!” He looked at it thoughtfully for a long moment, then turned and the conversation progressed like this:
Daddy asked me, “How much was it?” I told him, “$7999.00.” He nodded.
Then he asked, “What’d you put down on it?” I told him, “$200.00.” He nodded again.
Then he wanted to know if Mama had co-signed with me and I proudly told him she had not; I was grown and making my own way in the world. I thought I was doing well and was smiling like a bloodhound pooping peach pits. Then Daddy asked his next question.
“What’s your payment?” “$184 per month, sir!” That brought a wince, but the next few questions almost got me killed.
“How many months?” “Um, I don’t know?” Frown.
“What’s your interest rate?” Again, I had to say “Um, I don’t know?” That wasn’t the right answer.
“So, you just bought a truck? No idea how many payments? Don’t know the interest rate? Do you have the paperwork you signed?” I just nodded. “Go get it.” I went and got it and when I brought it back to Daddy, he sat down in the door of his workshop and read over everything, which was the first time anyone but the salesman read those papers. Apparently, he found the payment schedule AND the interest rate because he looked up at me.
He didn’t look angry, he didn’t even look upset. The best way I can describe his face was the way Jackie Gleason’s face looked during this scene in Smokey and the Bandit. He said, “You are paying $184.00 for SIXTY months. That’s FIVE years, son.” I didn’t know what to say. He continued, “You are paying 16% interest! You are basically buying that truck on a credit card!” Once again, I didn’t have any idea what to say. He finished up, “You just saw a truck you wanted and the man got you in it however he could. I wish you had come to me, son, and we could have gone together.” You may notice a pattern here, but I still didn’t know what to say. Finally, Daddy just smiled the same exasperated smile Budge says I use with her sometimes and said, “C’mon. Take me for a ride in your new truck.”
Twenty-five years later, I know the interest rate of every loan, credit card, and savings account I have and it’s all because of one conversation. I also know why Daddy was so aggravated about the interest rate. See, he bought his and Teresa’s house they live in now during the height of the Jimmy Carter administration. Daddy paid 17% interest on that house and it made him hate interest in all its forms; think about that the next time you hear a commercial for refinancing at 4%!
That’s my Daddy.
Happy Fathers Day to all the daddies out there and y’all be sure to keep your feet clean!
Thank you for your personal story. Dave Gibson and myself wrote Daddy never was the Cadillac kind