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Started By
Message
re: I can’t help but think a lot of people driving newer cars with upside down loans
Posted on 5/8/24 at 8:09 pm to HillabeeBaw
Posted on 5/8/24 at 8:09 pm to HillabeeBaw
I drive my 2011 taco daily. Paid off. I get 800 a month truck allowance so they are paying for my new truck and I only use it sparingly to keep miles low in case I want to get rid of it. Owe 22k on it still.
0
Posted on 5/8/24 at 8:10 pm to PeteRose
10%??? Man, hit up a credit union for much better rate. Point taken though
Posted on 5/8/24 at 8:12 pm to Pelican fan99
It’s true , the avg note is over $600/mo in the US last I checked. Do the math.
Posted on 5/8/24 at 8:12 pm to PeteRose
I get that a big car note is not always smart but not sure you’ve priced auto repair lately.
Rarely do you get out for less than $2000.
Driving a beater can be expensive too.
Rarely do you get out for less than $2000.
Driving a beater can be expensive too.
Posted on 5/8/24 at 8:14 pm to dsides
and the market will correct.
asset prices are still reflective of the low rate situation. Corporations are greedy they will charge what people will pay
Stop paying and prices will correct
asset prices are still reflective of the low rate situation. Corporations are greedy they will charge what people will pay
Stop paying and prices will correct
Posted on 5/8/24 at 8:15 pm to PeteRose
I just bought a new truck. Got it below MSRP and they were running a lower finance rate. I downsized from a fullsize to a midsize truck because i dont need a fullsize and my old truck was over 10 years old.
Posted on 5/8/24 at 8:16 pm to Rize
Mercedes now moving back to gas guzzlers. Remember the old “ice engines are the horse and buggy, people didn’t want to give that up too”
Well guess what, ICE is pretty damn convenient and cheaper and more profitable for the manufacturer. It also lasts longer.
Well guess what, ICE is pretty damn convenient and cheaper and more profitable for the manufacturer. It also lasts longer.
Posted on 5/8/24 at 8:17 pm to PeteRose
Dave Ramsey:
Posted on 5/8/24 at 8:17 pm to armsdealer
No, they have different quality control standards.
Posted on 5/8/24 at 8:18 pm to Robin Masters
quote:
I get that a big car note is not always smart but not sure you’ve priced auto repair lately.
Rarely do you get out for less than $2000.
Driving a beater can be expensive too.
“Rarely” less than $2k? This is nonsense.
This is what people tell themselves to justify the new ride.
Posted on 5/8/24 at 8:19 pm to Relham10
quote:
I downsized from a fullsize to a midsize truck because i dont need a fullsize and my old truck was over 10 years old.
Thinking of doing the same next time. Do you miss the room? Our kids will probably all be legal adults next time I buy one so I won't need the rear seat room. Mine is 7 yrs old but low mileage so no rush. I hope to drive it another 7.
This post was edited on 5/8/24 at 8:22 pm
Posted on 5/8/24 at 8:20 pm to HoustonChick86
Anyone that judges anybody on what they drive isn't worth having an opinion over.
Posted on 5/8/24 at 8:24 pm to yellowfin
Pay cash, and cry once.
Posted on 5/8/24 at 8:25 pm to fallguy_1978
quote:I do kinda miss the room. My kids are getting up in age so they dont ride with me a ton. Mostly just keep work related items in the back seat. Only problem im having with the back seat in my fullsize didnt have anything under the seat so i could fold the bottom part up or just slide things under it to store. The midsize bottom folds up to reveal a "storage" but has a damn plastic border around for whatever reason. So i cant slide anything under the seat, just put in the storage space thats designed. Hate that.
Thinking of doing the same next time. Do you miss the room? Our kids will probably all be legal adults next time I buy one so I won't need the rear seat room. Mine is 7 yrs old but low mileage.
Posted on 5/8/24 at 8:26 pm to PhiTiger1764
quote:
Rarely” less than $2k? This is nonsense. This is what people tell themselves to justify the new ride.
Most small stuff I can do myself so maybe my perception is skewed but last two times I’ve been in for our 10 yo Acadia it’s been $1700 and $2500.
We have several drivers and my work is flexible so I was able to deal with it but combined the expense with lost work, ect and having an unreliable car is not worth the risk for people who work for a living.
Posted on 5/8/24 at 8:29 pm to Relham10
The border doesn't fold down into itself so you can make a flat space?
Posted on 5/8/24 at 8:33 pm to Robin Masters
quote:so 4200 bucks over ten years? That’s 420 dollars a year. How many miles do you have on that ten year old vehicle? do you ever spend 400 bucks on a single elective expense in a given year?
last two times I’ve been in for our 10 yo Acadia it’s been $1700 and $2500.
I don’t think most people understand how miraculous it is that they can just hop in a complicated machine any time they want and transport themselves dozens or hundreds or miles away without any effort on their part
Posted on 5/8/24 at 8:34 pm to HoustonChick86
I know HC, I ask her to transfer it to her savings, but she forgets. Its her money anyways.
Posted on 5/8/24 at 8:38 pm to PeteRose
quote:
On top of the high car prices, the interest rates are ridiculous. I have an 800 score my bank offered me a 10% rate.
Have you tried a credit union? That seems high for someone at 800
Posted on 5/8/24 at 8:40 pm to cgrand
quote:
so 4200 bucks over ten years?
No. That was over the last 12 mo. As I said, the last two times I went in. And that’s only a fraction of what they wanted to do.
I’m not exactly sure what we’ve spent over last 10 year. But I’ve probably saved $4000-$5000 doing things myself. New coils, brakes annd rotors, oils changes, new throttle body.
I gave it to my son for his 16th birthday and bought a new truck.
I know my wife was nervous driving it long distance. No woman wants to be broke down on the interstate at night. Well no person wants that but it is especially terrifying for women.
quote:
don’t think most people understand how miraculous it is that they can just hop in a complicated machine any time they want and transport themselves dozens or hundreds or miles away without any effort on their part
I don’t disagree.
This post was edited on 5/8/24 at 8:43 pm
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