- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Article: "Record number of car buyers 'upside down' on trade-ins"
Posted on 11/28/16 at 8:13 am to Bullfrog
Posted on 11/28/16 at 8:13 am to Bullfrog
quote:
I'd finance one for 10 years if I wanted it.
This is very true. If you're not a shithead and get a good rate, you're talking a couple 100 dollars every yr on finance charges, which comes out to about $30/month. Whoop-dee-fricking-do.
0
Posted on 11/28/16 at 8:13 am to theunknownknight
quote:
User cars have become a huge rip off.
Yeah but with prices starting to apparently tick down for used cars, isn't it possible that used cars could start becoming better deals again?
I hope so.
Posted on 11/28/16 at 8:14 am to GetCocky11
There are some bubbles in our economy. Cars/recreational vehicles/boats, housing, and college tuition. They are going to pop soon and it will make 2007 look like a small hiccup in comparison.
Foreclosures are suddenly spiking across America
Foreclosures are suddenly spiking across America
Posted on 11/28/16 at 8:14 am to GetCocky11
"Easy credit" has GOT to be a myth. I'm in top 5% of earners and have great credit and I get harassed to death every fricking time I want to make a move financially. Where the frick are these "easy lenders" that I keep hearing about?
This post was edited on 11/28/16 at 8:15 am
Posted on 11/28/16 at 8:15 am to stout
Im gonna be waiting a whole lot longer for the shitnado in DFW Housing/Rent to happen. It's getting beyond out of hand.
Posted on 11/28/16 at 8:15 am to Jcorye1
quote:
Meh. I recently got a new car because I wanted zero chance of flood damage. I picked up a vehicle I can easily put 140k miles or so on for 23k. I'll have that thing paid off before all the warranties expire, and continue making payments to myself for a couple of years after so I can be ready for when it bites the dust.
You can a certified used car with no possibility of damage, a model year old, maybe 10k-15k miles for about 70% of the price of a brand new one. Barring that, if you have a good grease monkey that you trust, he can give you the prognosis on a private seller.
quote:
In my opinion, as long as you aren't going insane price-wise, new cars can be a good way to go.
Dude, you eat 10% of cost by driving off the lot. That's a terrible financial choice.
Posted on 11/28/16 at 8:15 am to 50_Tiger
quote:
shitnado in DFW Housing/Rent to happen.
Elaborate.
Posted on 11/28/16 at 8:16 am to 50_Tiger
quote:
Im gonna be waiting a whole lot longer for the shitnado in DFW Housing/Rent to happen. It's getting beyond out of hand.
Major city housing prices are insane.
It makes choosing to live in a mid-size city that isn't as sexy much, much, much more appealing.
Posted on 11/28/16 at 8:16 am to stout
quote:
There are some bubbles in our economy. Cars/recreational vehicles/boats, housing, and college tuition. They are going to pop soon and it will make 2007 look like a small hiccup in comparison.
So what should I do?
Posted on 11/28/16 at 8:17 am to theunknownknight
quote:
Cash for clunkers
Cash for clunkers killed the used car market and many people that relied on buying those $1000 to $2000 vehicles for cash could no longer do so. It forced them to go into debt they didn't need to go into. It was a horrible and crippling policy to a lot of people and has contributed to the auto pricing bubble we are seeing now.
Posted on 11/28/16 at 8:17 am to GetCocky11
I buy 10 year old 4x4s for under 8k. Put 1k into maintenance off the start. Beat on them for two years and 80k miles. Sell them for a grand less than I paid. Then do it all over again.
That's basically 2 cents per mile of depreciation. Average vehicle depreciates around 12 to 35 cents per mile.
That's basically 2 cents per mile of depreciation. Average vehicle depreciates around 12 to 35 cents per mile.
Posted on 11/28/16 at 8:17 am to 50_Tiger
quote:
wage stagnation, shite job growth, and foreign visas killing white collar jobs
this is nothing compared to the enormous regulatory burden...probably accounts for 25% of a car price
and the restricted consumer access to the market by bullshite dealer monopolies is probably another 25% or more
that shite is so un-American I cant believe it still exists. You should be able to order a car just like a pizza. Amazon could have it in your driveway next morning.
frick the dealer network.
Posted on 11/28/16 at 8:17 am to stout
Are you saying a college tuition bubble is about to burst and the costs will plummet?
Posted on 11/28/16 at 8:17 am to GetCocky11
if you buy a car with no money down, then you're more than likely upside down after the purchase. remember, ttl is tacked onto the loan as well. not to mention if you buy gap and extended warranty as well.
Posted on 11/28/16 at 8:18 am to ThatMakesSense
Rent anywhere north of 635 for anything more than 700sqft is a house mortgage.
Californians and NE's moving into the area with capital because housing is infinitely times more in those areas are now artificially driving housing prices anywhere from 50-100k more than it was worth 3 years ago (I check realtor every frickin day :( )
Californians and NE's moving into the area with capital because housing is infinitely times more in those areas are now artificially driving housing prices anywhere from 50-100k more than it was worth 3 years ago (I check realtor every frickin day :( )
Posted on 11/28/16 at 8:18 am to RATeamWannabe
quote:
So what should I do?
Call Christian Bale and ask him how to short the economy.
Posted on 11/28/16 at 8:18 am to LCA131
quote:
Are you saying a college tuition bubble is about to burst and the costs will plummet?
It depends on the Feds reactions. The bubble was created by no collateral, guaranteed credit to any dumbfrick who applies. Colleges know they can get that sweet, sweet money without taking on any risk themselves.
Posted on 11/28/16 at 8:19 am to LCA131
quote:
Are you saying a college tuition bubble is about to burst and the costs will plummet?
I am saying that loans won't be paid back by many and it will crush some parts of our financial markets.
Posted on 11/28/16 at 8:19 am to GetCocky11
the goal is to build up what you're worth. if you buy a vehicle with cash, it will lose value every single day. so......if you purchase a 40k vehicle today, it's worth 35k next year. the next year, it's worth 30k. so on and so forth.
save your money and buy something that doesn't depreciate every single day.
save your money and buy something that doesn't depreciate every single day.
Posted on 11/28/16 at 8:20 am to tigerdup07
quote:
save your money and buy something that doesn't depreciate every single day.
If it floats, flies, or fricks, you're better off renting it.
Page 2 of 12
Popular
Back to top
Follow TigerDroppings for LSU Football News