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1
Posted on 12/26/17 at 8:49 pm to birdieman
LINK
It's hard to say why but I think the price increases are related to 3 things.
1.) Obama CAFE standards issued in 2009
2.) Car companies financial struggles in the last 10 years seeking long term profitability
3.) Consumers are more willing to finance anything and everything for longer terms.
It's hard to say why but I think the price increases are related to 3 things.
1.) Obama CAFE standards issued in 2009
2.) Car companies financial struggles in the last 10 years seeking long term profitability
3.) Consumers are more willing to finance anything and everything for longer terms.
Posted on 12/26/17 at 8:59 pm to Janky
The day I catch Jank at the sonic won’t be lame
Posted on 12/26/17 at 9:13 pm to Bossier2323
They don’t take ebt cards.
Posted on 12/26/17 at 9:15 pm to YoungManOldMan
We spend a lot of time in our cars and we should enjoy them. However, don't you think the financial decision should involve which vehicle retains their value the most, which are more reliable or cost less to service over their lifetime, and how much cost can you save buying slightly used? With the costs of skyrocketing so much, I think a little more consideration of the value of the investment (and opportunity costs of spending/saving your money elsewhere) is warranted and I suspect most are making emotional decisions they'll repeat every 5 years to their detriment.
We spent $20,000 on each of our used toyota SUVS 6 and 3 years ago. The insides are dated (no backup cams, etc.), but we feel financially happy with no notes and plenty of miles to go if we choose. We wish the dashes weren't a little dated though.
We spent $20,000 on each of our used toyota SUVS 6 and 3 years ago. The insides are dated (no backup cams, etc.), but we feel financially happy with no notes and plenty of miles to go if we choose. We wish the dashes weren't a little dated though.
Posted on 12/26/17 at 9:40 pm to Bossier2323
Bossier I can guarantee you that you will feel insulted by the offer the dealership gives you. My wife and I make just north of $300k in south LA and we would NEVER spend that kind of money on a car/depreciating asset. Im shocked that you let your wife talk you into that. Good luck with your marriage if this is true and not a troll.
Posted on 12/26/17 at 10:03 pm to TitleistProV1X
What would be considered a reasonable amount of gross income to spend on household vehicles? The same with a house?
Posted on 12/26/17 at 11:11 pm to YoungManOldMan
Start some kind of LLC and use the tax laws for accelerating depreciation on vehicles weighing over 5-6,000 lbs, (can’t remember the exact weight). Most any truck or SUV will meet the weight requirement. You can write these off quickly and keep you and the wife, (VP) in nice cars. Start a property company, farm, at home Business, whatever. Just make sure you have a good CPA and there are lots of ways to use the tax laws for quality of life solutions.
Posted on 12/27/17 at 12:08 am to MadDoggyStyle
That’s all fine and good year one, then you have no deduction and a note year two forward...
Posted on 12/27/17 at 12:51 am to YoungManOldMan
Where did you see that? I just looked it up and the cheapest new suburban is $50k, and the most expensive package listed is $62k. Nowhere near $82k
Posted on 12/27/17 at 12:54 am to Ford Frenzy
Holy frick reading this thread is eye opening.
Wife and I make around 180k and we're trying to decide if a 350/month note is in the cards for a new vehicle for me. We don't pay any notes currently. No kids.
People paying 1k+ notes on 100k or less income
If I told her I was considering getting a car that came with a 5 year 1000/month note I think she'd file for divorce
Wife and I make around 180k and we're trying to decide if a 350/month note is in the cards for a new vehicle for me. We don't pay any notes currently. No kids.
People paying 1k+ notes on 100k or less income
If I told her I was considering getting a car that came with a 5 year 1000/month note I think she'd file for divorce
Posted on 12/27/17 at 2:01 am to Breadcrumbs
quote:
We spent $20,000 on each of our used toyota SUVS 6 and 3 years ago. The insides are dated (no backup cams, etc.), but we feel financially happy with no notes and plenty of miles to go if we choose. We wish the dashes weren't a little dated though.
There are various types of backup cameras and Nav/radio units that can be added to a vehicle if you are reasonable handy with tools. Crutchfield.com has a lot of cool options, I got one of the rearview mirror monitors and rear camera for my truck, and up dated the stereo/radio, all for way less than one SUV car note.
Posted on 12/27/17 at 3:19 am to stout
No doubt. Best to buy used now instead of taking the massive depreciation hit.
Posted on 12/27/17 at 7:12 am to YoungManOldMan
We paid less than that for a loaded 16 LT. Paid 45k
Posted on 12/27/17 at 7:47 am to YoungManOldMan
I'll admit that vehicles are expensive, but you are looking at top of the line trim packages.
You can purchase a new F150 4X4 for significantly less than 40k OTD. The truck does everything and more than what you would need.
You can purchase a new F150 4X4 for significantly less than 40k OTD. The truck does everything and more than what you would need.
This post was edited on 12/27/17 at 8:03 am
Posted on 12/27/17 at 9:02 am to YoungManOldMan
Wife and I are riding around on 2 paid for vehicles right now, feels good.
In 2008/9 I totaled my truck, had to get another obviously. I paid just under $26K for a brand new Silverado Z71 LT. It now has 155K miles and I want to get 2 more years out of it.
It's hard to fathom that prices have close to doubled since I bought my Silverado.
In 2008/9 I totaled my truck, had to get another obviously. I paid just under $26K for a brand new Silverado Z71 LT. It now has 155K miles and I want to get 2 more years out of it.
It's hard to fathom that prices have close to doubled since I bought my Silverado.
Posted on 12/27/17 at 9:41 am to Upperdecker
quote:
Where did you see that? I just looked it up and the cheapest new suburban is $50k, and the most expensive package listed is $62k. Nowhere near $82k
I cannot find the one I saw. It was a black premier. These all have MSRPs on them in the 75-78K ones. They discount them a bit to high 60s if you take advantage of every incentive, trade-in, etc.
LINK
LINK
LINK
Posted on 12/27/17 at 10:25 am to YoungManOldMan
quote:
I am currently without a vehicle. We have been carpooling and I take the bus to work in St. Louis to avoid taking on a car note. It’s just hard to imagine wrapping up $1,000 a month into a vehicle between the insurance, gas and note. I’ll likely have to settle and downgrade to a small truck but even those hit high 30s. I can’t see buying a truck with a V6. To me that’s just a waste. As your graph states, registrations are down and I can see why. This shite has gotten way way too expensive. A loaded out truck shouldn’t be over about 42-45K in my opinion. For whatever the frick that’s worth.
I think you can get a vehicle for less than 1K a month
Posted on 12/27/17 at 10:38 am to JohnnyKilroy
quote:
Wife and I make around 180k
That's take home about 10k a month after taxes and insurance.
quote:
we're trying to decide if a 350/month note is in the cards for a new vehicle for me.
What kind of budget do you have where this even requires a discussion?
quote:
No kids
Especially after reading this
Posted on 12/27/17 at 10:44 am to yellowfin
I know, right. I think they could easily afford that note.
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