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re: Any baws with a $600+/month car note

Posted on 6/25/18 at 2:04 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40142 posts
Posted on 6/25/18 at 2:04 pm to
I have always bought GAP coverage on any vehicle I have financed.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40099 posts
Posted on 6/25/18 at 2:04 pm to
People really don't understand financing ITT.


If my interest rate is low, give me a 120 month note idgaf
Posted by member12
Bob's Country Bunker
Member since May 2008
33035 posts
Posted on 6/25/18 at 2:10 pm to
quote:

I've got no frills in this truck.


That’s how a truck should be IMO. Function over form. It should be a vehicle for pragmatic drivers that need to haul stuff, but they have become status symbols.

The owner with a $600 note is more likely to worry about it getting scratched or dented. I know I would be.

And a truck that is too nice to get scratched or dented has limited utility for me. It’s basically a status symbol. They make Audi’s, Cadillacs, and BMWs for that purpose.

A truck should be cheap, reliable, and fairly basic.

Most of the used Silverados, Suburbans, F250s, and Rams on the used car market with 300,000+ miles are the mid or lower tier trim levels. In most cases with the base gasoline engine. They will have some battle scars.
This post was edited on 6/25/18 at 2:13 pm
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 6/25/18 at 2:15 pm to
I bought a "nicer" f-150 FX4 last year. It has more frills than I needed, but has the things I required. I put a folding bed cover on it. The cab has more room in the front and back than my tahoe did and the bed carries more cargo. I pay $600/month but my note is actually around $450. I also have clients in my vehicle regularly and want a nice clean vehicle for them.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 6/25/18 at 2:35 pm to
quote:

That’s how a truck should be IMO. Function over form. It should be a vehicle for pragmatic drivers that need to haul stuff, but they have become status symbols.

The owner with a $600 note is more likely to worry about it getting scratched or dented. I know I would be.


For me, I financially didn't think the higher end truck was worth it. I make as much money as the next OT Baw, I just couldn't spend 75k for the same features in a 35k car. That being said, I don't totally agree that a truck shouldn't be a nice vehicle. If you do a lot of driving, need a truck, and want some luxury, it's probably more practical than having a nice car and a work truck. So the reasoning behind the "nice truck" is sound at it's base. The pricing however is absurd. And I do believe it is inflated due to the status symbol nature of it. But if it wasn't trucks, it'd be something else.

My issue isn't the higher end truck pricing. It's how it's dragged up the lower end. In 2010, we got my dad a truck fairly similar to what I recently got. Features are a little better on my truck, but only because it's 8 years newer. When factoring the time, it's close to the same trim. Sticker on my dad's was like 29k. Sticker on mine today was 41.6k. The backup camera and Bluetooth functions are not worth that much difference and it's nowhere near that much inflation in that short a time.
Posted by LNCHBOX
70448
Member since Jun 2009
88574 posts
Posted on 6/25/18 at 2:37 pm to
quote:

I just couldn't spend 75k for the same features in a 35k car


Why is there always so much hyperbole in these threads with the truck prices?

Posted by KG6
Member since Aug 2009
10920 posts
Posted on 6/25/18 at 2:55 pm to
I paid that for a Lexus car. Certainly couldn't tow or anything like that, so I understand a truck will cost more. But it had any and every little feature for the interior and technology that a Lariat/King Ranch/Platinum or LTZ has. Yet an XL crew cab truck is going for upper 30's, and a King Ranch/Platinum is going for nearly 60k (MSRP). So you are paying a 30k premium for the tech/luxury features already in a mid to upper 30k car.

I'll admit 75k is a little bit hyberbole if only considering half ton trucks, but when looking at diesel trucks it's spot on. And I know of people who spend 70k on Tundra's.
This post was edited on 6/25/18 at 2:57 pm
Posted by LNCHBOX
70448
Member since Jun 2009
88574 posts
Posted on 6/25/18 at 2:59 pm to
quote:

Yet an XL crew cab truck is going for upper 30's, and a King Ranch/Platinum is going for nearly 60k (MSRP)


No one is paying near MSRP for either. You can get a crew cab XL for under $28k, and KRs for right at $50k or even less.
quote:

And I know of people who spend 70k on Tundra's.


The frick you do. They don't make one that costs that much.
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 6/25/18 at 3:05 pm to
(no message)
This post was edited on 2/11/25 at 7:59 am
Posted by LNCHBOX
70448
Member since Jun 2009
88574 posts
Posted on 6/25/18 at 3:06 pm to
Toyota made that? Not a shitload overpriced dealer add ons?
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 6/25/18 at 3:07 pm to
(no message)
This post was edited on 2/11/25 at 7:59 am
Posted by LNCHBOX
70448
Member since Jun 2009
88574 posts
Posted on 6/25/18 at 3:08 pm to
quote:

I'm just giving you a hard time. It's a shitload of overpriced dealer add-ons.



I knew the answer, and also knew your intent

Autotrader had none of those listed when I searched
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 6/25/18 at 3:11 pm to
That fricking paint job. I can feel it trying hard all the way trough my screen.
Posted by just1dawg
Virginia
Member since Dec 2011
1494 posts
Posted on 6/25/18 at 3:14 pm to
quote:

A vehicle is a necessary commodity in our world, not to be compared with other depreciating assets. That’s an amateurish understanding of the basis for financing a vehicle.


Not in DC. I have a 2010 that's paid off and I struggle to see how paying even $10,000 for a newer car would be worth it. That's a lot of Ubers and Zipcar rentals. Plus no insurance, no maintenance, the convenience of not having to deal with street parking, etc.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 6/25/18 at 3:17 pm to
quote:

The frick you do. They don't make one that costs that much.


I do know a guy I work with who admitted to spending 69k on a Tundra. May be dealer add ons, but it happened.

quote:

No one is paying near MSRP for either. You can get a crew cab XL for under $28k, and KRs for right at $50k or even less


I stated MSRP. If you take an equivalent amount off MSRP for each trim, it's still a 25-30k difference for features that are on a mid level luxury car that cost 35k total.
Posted by LNCHBOX
70448
Member since Jun 2009
88574 posts
Posted on 6/25/18 at 3:20 pm to
quote:

it's still a 25-30k difference for features that are on a mid level luxury car that cost 35k total.


No it isn't. You can get plenty of trucks with heated/cooled seats, remote start, nav etc for under $40k. And you're ignoring the very obvious difference in capabilities between the vehicles.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 6/25/18 at 3:40 pm to
I'm absolutely not ignoring the differences in capability between the car and truck. A base model truck with the same engine, towing capability, etc. as the high end model. Now what are the differences between base and high end? Cameras, heated and cooled seats, leather, heated steering, radar, auto windshield wipers, birds-eye camera, etc.. Our "non-truck" vehicles have had all those features. I'm now only judging the cost for the particular feature upgrades. Why is the cost to upgrade to those features in a truck so high comparatively? And you can only judge off of MSRP and assume anyone would get the same discounts across the board. Who knows what happens in a particular situation.
This post was edited on 6/25/18 at 3:43 pm
Posted by LNCHBOX
70448
Member since Jun 2009
88574 posts
Posted on 6/25/18 at 3:42 pm to
quote:

And you can only judge off of MSRP


That's an absurd statement.
quote:

Cameras, heated and cooled seats, leather, heated steering, radar, auto windshield wipers, birds-eye camera, etc.. Our "non-truck" vehicles have had all those features.


What luxury vehicle are you buying new that has all that for $35k? (I already know the answer is none, but I look forward to your spin)
This post was edited on 6/25/18 at 3:44 pm
Posted by lsu xman
Member since Oct 2006
16671 posts
Posted on 6/25/18 at 3:59 pm to
quote:

Caymans handle better than the 911s because they are mid engine cars. Porsche is making all of their race cars based on the Caymans now because of this. I test drove one of each this week and really like the Cayman GTS. Actually just had drinks and lunch today with the sales manager of the Porsche dealership here and am pretty sure I am going to pick up this Cayman GTS this week. Just trying to sell my Jeep outright before I take a hit on the trade in.




I like a 718s, but my limit is around 60K. Going to wait til i can get a used 17' for a good price.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 6/25/18 at 4:58 pm to
quote:

And you can only judge off of MSRP


That's an absurd statement.


When comparing the difference in base vs high level trim of the same make and model??? In my experience, a lot of the time, the major discounts and rebates are more for the lower trim. That's exactly how it was when I just bought where anything above lariat did not get the rebate. So if anything, using MSRP is conservative.

I'm not comparing truck MSRP to car MSRP. I know regular vehicles don't get steep truck discounts. MSRP comparison is purely to show upcharge for features.

In terms of cars with those features in the 35k range, you can get the price in that area on a Lexus ES or Acura TLX if you shop. (At least in 2016-2017 when I shopped) That is not MSRP, but never claimed it was. I was comparing the premiums or additional costs for truck features costing nearly the same as the whole final sales price of a car that came with similar features. Also pretty sure you can get an Avalon or Accord with all those features. Doesn't need to be a luxury name brand to have them.
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