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re: Anyone with big car notes, check in...
Posted on 8/2/14 at 10:15 pm to Sprocket46
Posted on 8/2/14 at 10:15 pm to Sprocket46
quote:
One word: RISK.
This is why people are always middle class. Mutual funds left alone will always grow over time. You might have to wait out down periods, but if they never bounce back, the us is probably fricked.
3
Posted on 8/2/14 at 10:16 pm to The Third Leg
quote:
If you have forty grand cash to plunk into a car and good credit to match, put that into the market
Exactly! Invest the damn money.
Posted on 8/2/14 at 10:16 pm to yellowfin
A real low rate from a legit source. 
Posted on 8/2/14 at 10:16 pm to stout
I could have got you that equipment in south texas for a lot cheaper if you're paying with dollar bills 
Posted on 8/2/14 at 10:17 pm to The Third Leg
When I started working I put $10 a week into a retirement account. Every time I received a raise I increased the amount that went into the account. I had planed on retiring at age 50 but due to the economy I am having to extend by 5 years.
This post was edited on 8/2/14 at 10:24 pm
Posted on 8/2/14 at 10:17 pm to N2cars
quote:
A real low rate from a legit source.
Are you implying others in here are lying about their rates?
Posted on 8/2/14 at 10:17 pm to The Third Leg
They are always middle class b/c they are financing or leasing stupid vehicles for 72 months.
Posted on 8/2/14 at 10:18 pm to lsu xman
I have a 2007 Toyota Tundra 4 door. Paid for. Dented up like you wouldn't believe.
Posted on 8/2/14 at 10:18 pm to N2cars
Haven't financed something with a bank in years, they can't touch credit union rates
Posted on 8/2/14 at 10:18 pm to N2cars
Ideally you just agree to a fair price on the car before financing but you will not get the best price for the car by paying cash, the only money they make on that sale is just the profit. If you are financeing but they don't know at what percent they'll get you a lower sticker price because they'll make interest on the payments. I'd sell cars at cost every day of the week if most people are financing at 5-7%, but I'd have to charge more upfront for cash customers because I won't make the money from interest.
Posted on 8/2/14 at 10:19 pm to The Third Leg
quote:
This is why people are always middle class
I don't know anyone who is middle class because they paid cash for their cars. I'd venture to bet the opposite is true. And no, mutual funds don't always make money.
Posted on 8/2/14 at 10:19 pm to southernelite
Not a all.
I'm saying that his 1.49 could very well be lower than a manufacturer's 0.
I'm saying that his 1.49 could very well be lower than a manufacturer's 0.
Posted on 8/2/14 at 10:19 pm to yellowfin
I actually shopped around in the Beaumont area and used their prices to get what I wanted here.
I wanted to buy from someone local for service reasons.
Sad thing is I owned some of what I just bought years back but sold it when the market crashed and it was sitting around. That's when I bought my gas station that I hated so much and thought I was done with being a contractor so I figured I didn't need it anymore.
I wanted to buy from someone local for service reasons.
Sad thing is I owned some of what I just bought years back but sold it when the market crashed and it was sitting around. That's when I bought my gas station that I hated so much and thought I was done with being a contractor so I figured I didn't need it anymore.
Posted on 8/2/14 at 10:20 pm to lsunutinno
quote:
1100 (wife) and $696 (me)
HOLY...frick
Posted on 8/2/14 at 10:21 pm to yellowfin
quote:
they can't touch credit union rates
Very true.
The only reason I still use my bank is because it's a small local bank and the Pres is a personal friend of mine that doesn't give me shite when I need something.
Other than that I would 100% use a credit union too.
Posted on 8/2/14 at 10:22 pm to stout
This stuff doesn't come with service, you won't even know the guys name that sold it to you
and when they call you better be on the road with the money quick or someone else will
and when they call you better be on the road with the money quick or someone else will
Posted on 8/2/14 at 10:23 pm to yellowfin
I don't need the cops coming to ask me where I got my new excavator from that's valued at $40K for only $5K but thanks...I guess
Posted on 8/2/14 at 10:23 pm to yellowfin
$571 over 72 months with a shitty interest rate. Lesson learned I suppose.
This post was edited on 8/2/14 at 10:24 pm
Posted on 8/2/14 at 10:24 pm to stout
quote:
If I do get a new truck I am going to start it off as a personal vehicle and move it to my business vehicle. I should have started doing a while back for tax reasons but I am stupid.
Why wouldn't you just buy it as a business vehicle and take the bonus depreciation in year 1?
This post was edited on 8/2/14 at 10:27 pm
Posted on 8/2/14 at 10:25 pm to lsu xman
$693
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