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re: What is the ratio of the price you paid for your car to your annual salary?
Posted on 3/16/15 at 2:08 pm to WG_Dawg
Posted on 3/16/15 at 2:08 pm to WG_Dawg
quote:
I understand that having a note does have a few advantages, but I've never had one in my life and if I can at all help it I would just prefer not to. I realize that in the larger grand scheme of things it might be more beneficial to have one
oh I hate car notes too
I just find the people that always brag about paying in cash like they are some type of balla (god I hate that word) are funny
if they were real ballas, they would put that money to work for them
This post was edited on 3/16/15 at 2:14 pm
1
Posted on 3/16/15 at 2:09 pm to BayouBlue386
quote:
That depends on the degree of the misrepresentation. Auditors go by book value. The book value on a classic car is typically a tenth.
So you're now using the ultra niche market of classic cars to try to make your point? Posted on 3/16/15 at 2:10 pm to Huey Lewis
quote:
In other words...there are no safe, comfortable, reliable vehicles under $65,000 on the market. Is that what you're telling me?
No. They chose to get one that was brand new, defect free, maintenance history will be completely known, exact options they wanted as they are in the car a lot and keep it for a long time, etc.
Where do you plan to find a used vehicle if people stop buying new?
This post was edited on 3/16/15 at 2:11 pm
Posted on 3/16/15 at 2:12 pm to LNCHBOX
paying $60K for a car is unfathomable to me. UNFATHOMABLE!
Posted on 3/16/15 at 2:12 pm to Tiger Ryno
But contradicting yourself in successive posts isn't apparently.
Posted on 3/16/15 at 2:13 pm to LNCHBOX
where did I do this?
Posted on 3/16/15 at 2:13 pm to Salmon
quote:
oh I hate care notes too
I just find the people that always brag about paying in cash like they are some type of balla (god I hate that word) are funny
if they were real ballas, they would put that money to work for them
Depends alot on the investment window we're talking about.
If a person could get 0% for 60 months and if the purchase was made in March 2010, that would've been good. If the purchase was made in March 2004 that would've been bad.
quote:
No. They chose to get one that was brand new, defect free, maintenance history will be completely known, exact options they wanted as they are in the car a lot and keep it for a long time, etc.
Where do you plan to find a used vehicle if people stop buying new?
As an OT baller I don't buy used vehicles. I'm just saying that there are other new vehicles on the market that are safe and reliable and don't cost $65,000. I'm all for them buying the car they want if they can afford it.
This post was edited on 3/16/15 at 2:18 pm
Posted on 3/16/15 at 2:19 pm to LNCHBOX
quote:
So you're now using the ultra niche market of classic cars to try to make your point?
Certain 4wd vehicles typically sell for 10x their blue book value.
99% of the time, you are correct sir.
I typically spend a car note per month on additions for a vehicle. Different tires. Different suspension. On board computer. Obd2 Bluetooth setup. Engine mods. Engine maintenance. Bored detailing.
My wife drives a vehicle which has a blue book of maybe 1500$. It is two decades old and in dire need of a cleaning and paint job (the last steps of the resto). Even looking the way it does, I can get 12k for it. I could probably squeak out 18k after I repainted.
Any buyer who would report 18k on a purchase like that isn't a law abiding citizen, they're an idiot.
For the majority of people and purchases, you are correct.
Posted on 3/16/15 at 2:20 pm to BayouBlue386
quote:
My wife drives a vehicle which has a blue book of maybe 1500$. It is two decades old and in dire need of a cleaning and paint job (the last steps of the resto). Even looking the way it does, I can get 12k for it. I could probably squeak out 18k after I repainted
Name the vehicle.
Posted on 3/16/15 at 2:21 pm to BayouBlue386
I get a new car about every 6-8 years.
And its usually about half of my annual salary.
And its usually about half of my annual salary.
Posted on 3/16/15 at 2:22 pm to LNCHBOX
quote:
Name the vehicle.
No way in hell.
I will remain pleasantly anonymous.
My avatar is a picture of me after all.
Posted on 3/16/15 at 2:24 pm to hikingfan
Posted on 3/16/15 at 2:25 pm to Phat Phil
I actually fall into this chart with my used Accord. It wasn't a financial decision as much as it was a I just need to get from Point A to Point B decision.
Posted on 3/16/15 at 2:25 pm to LNCHBOX
still waiting on an answer to your accusation bub.
Posted on 3/16/15 at 2:27 pm to Sisyphus
I should be driving a used Accord or Prius, but apparently I can't feed myself at night because I'm living the life of a guy with triple my income
Posted on 3/16/15 at 2:56 pm to hikingfan
No one may believe me, but my ratio is 3% for my car.
Posted on 3/16/15 at 3:09 pm to DirtyMikeandtheBoys
The wife drives an Avalon. Its one recommended in our income range.
Posted on 3/16/15 at 3:11 pm to agdoctor
These charts are going to implode when I buy my Tesla this summer
Posted on 3/16/15 at 3:13 pm to hikingfan
(no message)
This post was edited on 3/16/15 at 3:14 pm
Posted on 3/16/15 at 3:14 pm to Tigeralum2008
quote:that guy is full of shite.
not what this guy says...
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