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re: Any baw making $739/mo car payments?
Posted on 1/6/24 at 6:58 pm to ob1pimpbobi
Posted on 1/6/24 at 6:58 pm to ob1pimpbobi
quote:Can easily afford it. Hey if your old lady needs that Tahoe to fit in with the other travel ball moms you do you. Sorry I upset you.
Well I can afford it easily, sorry you can't.
2
Posted on 1/6/24 at 7:12 pm to lsu xman
In 40+ years of owning a car I've never had a car note. Started with a cheap used car and drove it until the wheels fell off. I didn't buy a new car until I was in my 50's, and over my life I've average over 10 years between car replacements. Buying new cars frequently is about the worst financial decision anyone can make.
Posted on 1/6/24 at 7:20 pm to BayouBaw84
Found the poor baw..
Posted on 1/6/24 at 7:22 pm to lsu xman
$515/month, but I'm paying $1250 minimum.
Posted on 1/6/24 at 7:23 pm to lsu xman
quote:
Any baw making $739/mo car payments?
I have two vehicles. They're both paid for. If I had to have a car note, there's no frickin' way I would pay that much.
If that's what people are paying for a car. Then don't bitch about a bad economy.
Posted on 1/6/24 at 7:25 pm to NIH
(no message)
This post was edited on 2/19/24 at 6:44 pm
Posted on 1/6/24 at 7:31 pm to Fletch1985
right. You’re one of Dave’s millionaires right? GTFO Posted on 1/6/24 at 7:33 pm to Tigris
Completely agree. I did the same. Drove used until I was 50.
For the dude that thinks I’m Dave Ramsey, I’ll add that instead of levering up for cars, I used that credit capacity to take out loans on real estate.
Buy used with cash and make that payment on real estate instead.
For the dude that thinks I’m Dave Ramsey, I’ll add that instead of levering up for cars, I used that credit capacity to take out loans on real estate.
Buy used with cash and make that payment on real estate instead.
Posted on 1/6/24 at 7:34 pm to DCtiger1
(no message)
This post was edited on 2/19/24 at 6:43 pm
Posted on 1/6/24 at 7:34 pm to Fletch1985
You know people can do both, right?
Posted on 1/6/24 at 7:38 pm to lsu xman
Just got a used truck 2022 im paying $700+ for 36 months but will definetely pay it off sooner.
Posted on 1/6/24 at 7:57 pm to lsu xman
Mines paid off. I was talking to a guy a work who gets paid mileage the same as I do. His December mileage check was $990 he said that barely covers his truck payment. He has a new full size dodge. I couldn't believe it. He pays $855 a month
Posted on 1/6/24 at 7:59 pm to DCtiger1
(no message)
This post was edited on 2/19/24 at 6:37 pm
Posted on 1/6/24 at 8:03 pm to Fletch1985
Because life is short, there’s not one way to do it, and it can end at any moment. I own several investment properties, mainly commercial real estate. I also own a business that generates over a million a year. I’m 36. I’d rather enjoy life and if something happens to me my family will have 3-4 mill in life insurance plus the other assets to live off of.
Posted on 1/6/24 at 8:05 pm to Eighteen
Me either! And never will.
Posted on 1/6/24 at 8:10 pm to lsu xman
490. But I get 800 allowance from work
Posted on 1/6/24 at 8:29 pm to BayouBaw84
quote:
Can easily afford it. Hey if your old lady needs that Tahoe to fit in with the other travel ball moms you do you. Sorry I upset you.
My old lady drives a 2019 Range Rover and it's paid off. My kids are in college and the other about to go to college. You couldn't possibly upset me, lol.
Posted on 1/6/24 at 8:33 pm to lsu xman
I did but it was on 36 months
Posted on 1/6/24 at 8:48 pm to DCtiger1
I’d say you aren’t like most people, which is where my advice is targeted.
Life is short. Bad things happen that are out of our control. I’ve been through it personally. I thank god that I stacked enough to manage it and come out the other side. Not spending a lot on cars helped that stack.
Things happen that require a lot of cash flow but don’t trigger life insurance, so protect your downside. That’s not a criticism of you and you can take the idea for what it’s worth.
But back on topic I reiterate that most people shouldn’t be levering up and spending a ton on cars.
Life is short. Bad things happen that are out of our control. I’ve been through it personally. I thank god that I stacked enough to manage it and come out the other side. Not spending a lot on cars helped that stack.
Things happen that require a lot of cash flow but don’t trigger life insurance, so protect your downside. That’s not a criticism of you and you can take the idea for what it’s worth.
But back on topic I reiterate that most people shouldn’t be levering up and spending a ton on cars.
Posted on 1/6/24 at 8:50 pm to Gorilla Ball
I got a car last year financed it out for a long time. I think the note was like 700 or 800 a month. I paid 1000 on it per month. Didn’t like having that loan with a high interest rate floating out there. So I paid it off after like 10 payments.
No regrets. If the interest rate had been low I might have kept paying it out but the rate was like 7%.
No regrets. If the interest rate had been low I might have kept paying it out but the rate was like 7%.
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