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re: Looked into buying a new car today...Realized I'm Poor.

Posted on 10/6/23 at 5:17 am to
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
45255 posts
Posted on 10/6/23 at 5:17 am to
quote:

That’s why I keep buying new cars

Keeps me from having a huge number for a new car because I’m trading in every 3 to 5 years.





That is insane thinking. So you have perpetual car note and will never actually own anything....real genius there.
Posted by Steadyhands
Slightly above I-10
Member since May 2016
6838 posts
Posted on 10/6/23 at 6:41 am to
quote:

quote:
That’s why I keep buying new cars

Keeps me from having a huge number for a new car because I’m trading in every 3 to 5 years.




That is insane thinking. So you have perpetual car note and will never actually own anything....real genius there.


this is exactly what they want and they want everyone thinking like that poster, as though it's some how not bad that way.
This post was edited on 10/6/23 at 9:46 am
Posted by Rize
Spring Texas
Member since Sep 2011
15859 posts
Posted on 10/6/23 at 8:38 am to
quote:

That’s why I keep buying new cars Keeps me from having a huge number for a new car because I’m trading in every 3 to 5 years. That is insane thinking. So you have perpetual car note and will never actually own anything....real genius there.



Works out great for me. I get to keep cars that are a few years old and under warranty.

Plus it allows me to get into some cool rides. For example I bought my 2017 F250 for 77k and paid it off in 3 years. Kept it for 5 so I had two years without payments and saved the money. In 2022 I traded it in for 57k with 60k miles on it and bought my 22 F250 for 82k. I put 15k down and financed 10k for 60 months. Made a few payments to help my credit then paid it off so I haven’t had a truck payment in over a year.

It makes it a whole lot easier to pull the trigger on a 90k truck when you’ve got 60k to 70k down payment and haven’t had a truck note in years.

This post was edited on 10/6/23 at 9:45 am
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