- 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: Bad Time to Invest in a New Vehicle
Posted on 2/24/09 at 11:18 pm to Klark Kent
Posted on 2/24/09 at 11:18 pm to Klark Kent
quote:
but i can afford it, and it's not like a want a $50,000 vehicle. I'm looking in the range of $25,000-$30,000
I believe you mentioned a monthly note earlier. If that's the case, you can't afford it.
A car is never an investment.
0
Posted on 2/24/09 at 11:18 pm to BlackHelicopterPilot
quote:
Find a slightly used one from someone who IS worried / unemployed.
Excellent advice.
Posted on 2/24/09 at 11:23 pm to Will Cover
quote:
you can't afford it.
wrong. i meant how much i was willing to pay, not how much i can realistically afford. You also have no idea how much I have saved up to put as a down payment on a $25,000-35,000 vehicle. So, unless you work in the HR department where I work or have access to my bank accounts I sincerely doubt you have any idea of what I can or cannot afford and feel the need to give meaningless and spiteful input. thanks for your time though.
Posted on 2/24/09 at 11:28 pm to Klark Kent
quote:
won't have any trouble making a $500 a month payment
quote:
i meant how much i was willing to pay, not how much i can realistically afford.
Which is it?
If you can't pay cash for the vehicle, you can't "realistically" afford it. I believe that's pretty cut and dry here.
Posted on 2/25/09 at 6:21 am to Klark Kent
quote:
hoping for some insight to why prices haven't dropped
greed and the gubment.
Posted on 2/25/09 at 8:20 am to Original Bayou Boy
quote:
I'm looking in the range of $25,000-$30,000
quote:
Divide the amount you wish to spend by 30% and then shop for a vehicle at that price.
$30,000 / 30% (.3) = $100,000
Now that just doesn't seem like sound financial advice.
This post was edited on 2/25/09 at 8:21 am
Posted on 2/25/09 at 8:26 am to Bubba Bexley
quote:
If you can't pay cash for the vehicle, you can't "realistically" afford it. I believe that's pretty cut and dry here.
Who "realistically" pays cash for the total amount of a vehicle that they want?
Does a high school student pay full out $15,000 for a Toyota Sedan?
Does a young professional straight out of college pay full out for a BMW or Lexus?
Does an average middle class family pay full out for a new Suburban?
No, minus the small percentage of super wealthy, athletes, rock stars, and rappers? Ohh wait, I forgot everyone on TD makes $250,000+ per year....
My idea of what affording means and your insistence to be a douche is pretty "cut and dry" here, but you continue to put your 2 cents in without bringing any substance to this thread....
Posted on 2/25/09 at 8:30 am to Klark Kent
quote:
Who "realistically" pays cash for the total amount of a vehicle that they want?
Smart people...and me.
quote:
Does a high school student pay full out $15,000 for a Toyota Sedan?
He can't afford it
quote:
Does a young professional straight out of college pay full out for a BMW or Lexus?
He can't afford it
quote:
Does an average middle class family pay full out for a new Suburban?
They can't afford it
I'm not knocking you. But, if you come here for advice its given straight...no sugar coating.
quote:
No, minus the small percentage of super wealthy, athletes, rock stars, and rappers? Ohh wait, I forgot everyone on TD makes $250,000+ per year....
That's just silly
Posted on 2/25/09 at 8:30 am to Klark Kent
quote:
Who "realistically" pays cash for the total amount of a vehicle that they want?
anyone who can afford it.
quote:
Does a high school student pay full out $15,000 for a Toyota Sedan?
Does a young professional straight out of college pay full out for a BMW or Lexus?
Does an average middle class family pay full out for a new Suburban?
none of those people can afford those cars. THEY are the reason that we're in the economic morass that we're in. Please don't be part of that problem.
Posted on 2/25/09 at 8:33 am to Klark Kent
quote:
Does a high school student pay full out $15,000 for a Toyota Sedan?
Does a young professional straight out of college pay full out for a BMW or Lexus?
Does an average middle class family pay full out for a new Suburban?
Are you purposely providing examples of the ridiculous consumer bubble we have created?
Unbelievable. One step forward; two leaps back.
Posted on 2/25/09 at 8:35 am to igoringa
Buy a Hyundai. They have that deal where if you lose your job, they'll buy it back.
Posted on 2/25/09 at 8:35 am to Klark Kent
Lots of people ask the same question over and over again untill someone tires and gives them the answer they seek. That does not mean they have found a wise answer, they have simply confirmed a prejudice.
Times are hard and they are going to get a lot harder. Anyone that spends a penny more than they have to for transportation in todays economic environment is foolish, imo. Find yourself a good, used, dependable vehicle that is not too flashy. It is not smart to advertise that you have money to spend when so many will not in the near future. Good luck.
Times are hard and they are going to get a lot harder. Anyone that spends a penny more than they have to for transportation in todays economic environment is foolish, imo. Find yourself a good, used, dependable vehicle that is not too flashy. It is not smart to advertise that you have money to spend when so many will not in the near future. Good luck.
Posted on 2/25/09 at 8:38 am to igoringa
So you all are proposing that before the next time I want to buy a vehicle I need to save up and have in hand cash for the total amount of the sticker price plus fees of the vehicle I want?
...wow, you all are really on your high horses this week. I guess all of you are ballers enough to sling complete cash payments for the vehicles you have bought or plan to buy.
Which still doesn't answer my fricking original question.....
thanks rivers for the first bit of sound, non-slanted advise I have recieved in 2 pages...
...wow, you all are really on your high horses this week. I guess all of you are ballers enough to sling complete cash payments for the vehicles you have bought or plan to buy. Which still doesn't answer my fricking original question.....
thanks rivers for the first bit of sound, non-slanted advise I have recieved in 2 pages...
This post was edited on 2/25/09 at 8:40 am
Posted on 2/25/09 at 8:41 am to Klark Kent
I haven't made a vehicle payment in the last 45 years, and I usually buy new vehicles that are low to mid priced, sometimes I buy a used vehicle in good condition. My vehicles last at least 8 years, sometimes longer. Why buy something that is unnecessary? Ego? Ego is for fools.
Posted on 2/25/09 at 8:42 am to Klark Kent
quote:
Who "realistically" pays cash for the total amount of a vehicle that they want?
People who can afford the vehicle they drive?
quote:
Does a high school student pay full out $15,000 for a Toyota Sedan?
Does a young professional straight out of college pay full out for a BMW or Lexus?
Does an average middle class family pay full out for a new Suburban?
You've described 2 situations in which the people involved made stupid decisions and bought things they can't afford. Each is headed down the path of being the "average middle class family"..meaning they'll be bloated with debt and little savings by mid-life.
Posted on 2/25/09 at 8:44 am to Klark Kent
quote:
So you all are proposing that before the next time I want to buy a vehicle I need to save up and have in hand cash for the total amount of the sticker price plus fees of the vehicle I want?
Yes. It's called delayed satisfaction. You have to pay for the car at some point. You do realize this, don't you?
Posted on 2/25/09 at 8:44 am to Klark Kent
quote:
So you all are proposing that before the next time I want to buy a vehicle I need to save up and have in hand cash for the total amount of the sticker price plus fees of the vehicle I want?
Yes. I bought a car last summer this way. What's the difference between paying yourself a note for 5 years and then buying a car versus renting a car for 5 years and then having to keep it at the end? Aside from the fact that YOU get the interest payments in the former scenario while you PAY them in the latter.
Posted on 2/25/09 at 8:47 am to Klark Kent
quote:
So you all are proposing that before the next time I want to buy a vehicle I need to save up and have in hand cash for the total amount of the sticker price plus fees of the vehicle I want?
No by all means spend thousands in interest on a depreciating asset... it is really the only way to go.
Posted on 2/25/09 at 8:48 am to Klark Kent
quote:
So you all are proposing that before the next time I want to buy a vehicle I need to save up and have in hand cash for the total amount of the sticker price plus fees of the vehicle I want?
yes. why is that so hard to believe?
quote:
I guess all of you are ballers enough to sling complete cash payments for the vehicles you have bought or plan to buy.
I still don't get this concept as being hard to get? Why does that make one a "baller" because he can afford the car he drives?
Posted on 2/25/09 at 8:49 am to igoringa
I love levering up to buy things that have a 100% chance of losing 50% of their value in 5 years. 
Page 2 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News