- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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: A small "sample" look at car pricing from 2010 to 2018
Posted on 4/26/18 at 9:37 am to Will Cover
Posted on 4/26/18 at 9:37 am to Will Cover
People need vehicles to work for the most part.
The working man (not PC) is being squeezed on both ends.
On the salary front, more and more people are competing for the same jobs (I do the hiring) and on the consumerism end......well, we need our cell phones and tablets right?
All of this puts a strain on people's lives, not to mention marriages.
We can't sustain this level of expenditures from a personal and governmental level.
The working man (not PC) is being squeezed on both ends.
On the salary front, more and more people are competing for the same jobs (I do the hiring) and on the consumerism end......well, we need our cell phones and tablets right?
All of this puts a strain on people's lives, not to mention marriages.
We can't sustain this level of expenditures from a personal and governmental level.
0
Posted on 4/26/18 at 9:38 am to Croacka
Interest rates are reaching a point where paying cash isn't a bad idea but I agree with you. Money was so cheap that you could easily come out ahead investing vs paying cash.
Posted on 4/26/18 at 9:48 am to kjp811
Inflation on a $47,000 vehicle is good for $1,000 a year at a minimum.
The OP's "27%" figure is wildly misleading just by removing at least $8,000 in inflation from the 2018 number.
Also, the bureau of labor statistics says $46,740 in January 2000 is the same purchasing power as $69,100 in March 2018 per their CPI Inflation calculator. I inferred from this as showing that the 2018 price is probably in line with overall inflation more or less.
But I will say as a personal matter, I can't imagine paying anywhere near that for a commuter vehicle.
The OP's "27%" figure is wildly misleading just by removing at least $8,000 in inflation from the 2018 number.
Also, the bureau of labor statistics says $46,740 in January 2000 is the same purchasing power as $69,100 in March 2018 per their CPI Inflation calculator. I inferred from this as showing that the 2018 price is probably in line with overall inflation more or less.
But I will say as a personal matter, I can't imagine paying anywhere near that for a commuter vehicle.
This post was edited on 4/26/18 at 11:27 am
Posted on 4/26/18 at 9:50 am to Will Cover
quote:
Nearly 7 out of 10 posters in this forum and our neighbors are living to paycheck to paycheck and could not come up with $1000 in cash in the event of an emergency.
Finally I'm a minority
Posted on 4/26/18 at 9:53 am to Will Cover
Many people buy vehicles for what the monthly payment is and not necessarily the total price. Stretching the loan terms to 72 and 84 months allows the price to go up with little care from people who just look at what will it cost per month.
Posted on 4/26/18 at 10:00 am to Will Cover
The majority of Americans simply cannot afford the car they drive. Whether one agrees or not, cars are a major status symbol. Too many people would rather drive a mercedes and live in a trailer than live in an average home and drive a kia.
Don't get me wrong, some cars do say "you've arrived," but only if you can actually afford it. Financing a car for more than 3 years means you can't afford it. Some extreme financial people say if you can't pay cash for it, you can't afford it (Dave Ramsey).
Don't get me wrong, some cars do say "you've arrived," but only if you can actually afford it. Financing a car for more than 3 years means you can't afford it. Some extreme financial people say if you can't pay cash for it, you can't afford it (Dave Ramsey).
Posted on 4/26/18 at 10:00 am to Will Cover
quote:
I realize that vehicles on the road today are far superior to their counterparts 7 or 8 years ago.
Are they though? gadgets and electronics on the interior, sure. But the interiors still fall apart, little plastic pieces breaking, especially on fords. Buddy has a king ranch and pretty much anything plastic around the door is fair game to just break.
Posted on 4/26/18 at 10:01 am to ibldprplgld
quote:
Financing a car for more than 3 years means you can't afford it
quote:
Some extreme financial people say if you can't pay cash for it, you can't afford it (Dave Ramsey).
Thanks for letting us know you're just parroting his nonsense.
Posted on 4/26/18 at 10:04 am to dgnx6
quote:
little plastic pieces breaking, especially on fords
If anyone has the rep for shitty interior plastic, it's GM. You're buddy's truck is not the norm. That's not fanboy speak either. If you wanted to trash F150s, just look at the early ecoboost motors (much bigger issue than shitty plastic too
)Posted on 4/26/18 at 10:06 am to LNCHBOX
quote:
Thanks for letting us know you're just parroting his nonsense.
I don't agree with him. I think that's extreme and unrealistic, just like the ridiculous finance terms for cars today.
Posted on 4/26/18 at 10:07 am to LNCHBOX
quote:
f anyone has the rep for shitty interior plastic, it's GM. You're buddy's truck is not the norm. That's not fanboy speak either. If you wanted to trash F150s, just look at the early ecoboost motors (much bigger issue than shitty plastic too )
I like f 150s, i just think its ridic how much he paid for that shite and things fall apart.
I had a 14 cherokee that had two new transmissions before it hit 50k miles. I owned 3 from the 90s that never had as many issues as the 14.
Now the 14 is way nicer, has a back up camera, navigation, all the good shite, until that screen goes out like it does with chryslers and you basically got a sleeker looking piece of shite.
Posted on 4/26/18 at 10:10 am to ibldprplgld
quote:
Some extreme financial people say if you can't pay cash for it, you can't afford it (Dave Ramsey).
My biggest beef with Ramsey and those guys is they don’t care about cars and argue from a strictly financial standpoint that we should all drive tiny econo boxes when we aren’t riding the subway. As it so happens, I am a car guy. I love nice cars, I spend many hours a week in my car, I CHOOSE to purchase a nice vehicle because that is how I want to spend my money. The fact that I currently have three cars of my own is because I like them and choose them over other life choices like a boat or country club membership.
Posted on 4/26/18 at 10:11 am to Teddy Ruxpin
quote:1. I don't think you are reading that right.
Also, the bureau of labor statistics says $46,740 in January 2000 is the same purchasing power as $69,100 in March 2018 per their CPI Inflation calculator. I read this as showing that the 2018 price is probably in line with overall inflation more or less.
2. OP did 2010 to 2018 comparison, not 2000 to 2018.
Posted on 4/26/18 at 10:13 am to jbgleason
Dave Ramsey doesn't care about that, as long as you aren't financing it and have funded what he sees as more important financial categories first.
Posted on 4/26/18 at 10:14 am to ibldprplgld
quote:
Don't get me wrong, some cars do say "you've arrived," but only if you can actually afford it. Financing a car for more than 3 years means you can't afford it. Some extreme financial people say if you can't pay cash for it, you can't afford it (Dave Ramsey).
Well when interest rates were in the 1-3% range like for the past 6-8 years I think financing the car instead of paying cash makes sense. When/If interest rates climb again like in the 70's then Ramsey would be correct
This post was edited on 4/26/18 at 10:16 am
Posted on 4/26/18 at 10:16 am to jbgleason
I agree with you, Ramsey is extreme. It's not realistic to drive a $1,000 dollar car if that's all you can afford to pay cash, yet you'll probably have $1,000 maintenance bills the first month you have it. How are you supposed to save up to buy a $2,000 car? Lol
Finance a car, but if someone is fiancing it for 60 months so they can afford the monthly note, they can't afford the car.
Finance a car, but if someone is fiancing it for 60 months so they can afford the monthly note, they can't afford the car.
Posted on 4/26/18 at 10:18 am to ibldprplgld
quote:
Finance a car, but if someone is fiancing it for 60 months so they can afford the monthly note, they can't afford the car.
What if I could afford the 3 year note, but since I know that I'm keeping the vehicle for 10 years, choose to finance it for 5? Can I still not afford it?
Posted on 4/26/18 at 10:21 am to LNCHBOX
quote:
What if I could afford the 3 year note, but since I know that I'm keeping the vehicle for 10 years, choose to finance it for 5? Can I still not afford it?
Why would you do this? Lol
Pay off the car in three, save the interest, then in year 5 or so, start saving a monthly note for your new car in year 10.
Posted on 4/26/18 at 10:27 am to ibldprplgld
quote:
Why would you do this? Lol
Pay off the car in three, save the interest, then in year 5 or so, start saving a monthly note for your new car in year 10.
And when my interest rate is 0% and I got the rebates in addition to the 0% financing?
That's the issue with your one size fits all way of thinking.
quote:
then in year 5 or so, start saving a monthly note for your new car in year 10.
Until interest rates get higher, keeping cash out of investment accounts to just avoid paying a note isn't the best financial advice.
Posted on 4/26/18 at 10:30 am to Will Cover
Probably been mentioned already but I think the major signifier of an issue with price inflation would be if the manufactuer costs were staying at 2010 levels and not rising equivalent to msrp year over year. Materials and tech have vastly improved in that 8 year timeframe, so it’s not surprising that prices incrementally rise as well.
ETA: Just read through - this was shockingly not mentioned
ETA: Just read through - this was shockingly not mentioned
This post was edited on 4/26/18 at 10:38 am
Page 4 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News