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Started By
Message
Car Shopping - How does the OT do it?
Posted on 9/20/17 at 3:59 pm
Posted on 9/20/17 at 3:59 pm
1) Finance it through means of a bank and plan to pay it off and drive it til it dies?
2) Finance it through means of a bank and trade up every 1-2 years
3) Purchase it out right and drive it til it dies.
4) Purchase it out right and trade up til it dies.
Old or New?
I bought 2010 Tacoma a few years back, 2012 I think. No money down, financed it for 75 months.
, I know, pretty dumb. But I didn't have a dime to my name for a down payment, but I had just started a good paying job. I recently sold it back in February.
Bought a 20 year old z71 with what was left over from paying off the loan because it would be paid for and I wouldn't have to worry about car payments anymore.
Well, I had to put a new set of rims and tires on it. Nothing outrageous, just stock size. But, back in July I had to have the transmission rebuilt. I've done the math, and with all the maintenance items I've done, I've spent the same amount of money within 2 months of the past 7 months of owning the z71 than I would have with my Tacoma if I had kept it with the monthly payment.
Nothing was wrong with the Tacoma, I just got tired of paying on it.
Are payments worth having if you have warranties to cover maintenance issues? How do you guys decide? I'm tempting in selling the z71 and using the cash as a down payment for a newer one. With a warranty
2) Finance it through means of a bank and trade up every 1-2 years
3) Purchase it out right and drive it til it dies.
4) Purchase it out right and trade up til it dies.
Old or New?
I bought 2010 Tacoma a few years back, 2012 I think. No money down, financed it for 75 months.
, I know, pretty dumb. But I didn't have a dime to my name for a down payment, but I had just started a good paying job. I recently sold it back in February. Bought a 20 year old z71 with what was left over from paying off the loan because it would be paid for and I wouldn't have to worry about car payments anymore.
Well, I had to put a new set of rims and tires on it. Nothing outrageous, just stock size. But, back in July I had to have the transmission rebuilt. I've done the math, and with all the maintenance items I've done, I've spent the same amount of money within 2 months of the past 7 months of owning the z71 than I would have with my Tacoma if I had kept it with the monthly payment.
Nothing was wrong with the Tacoma, I just got tired of paying on it.
Are payments worth having if you have warranties to cover maintenance issues? How do you guys decide? I'm tempting in selling the z71 and using the cash as a down payment for a newer one. With a warranty
13
Posted on 9/20/17 at 4:00 pm to finchmeister08
Every OT'er pays cash baw.
Posted on 9/20/17 at 4:00 pm to finchmeister08
quote:
3) Purchase it out right and drive it til it dies.
quote:
Old
This post was edited on 9/20/17 at 4:02 pm
Posted on 9/20/17 at 4:00 pm to finchmeister08
Tard
Posted on 9/20/17 at 4:00 pm to The Mick
quote:
Every OT'er pays cash baw.
True ballers walk in and the dealership pays them.
Posted on 9/20/17 at 4:05 pm to finchmeister08
I pay 3-6k for a 4x4 SUV with 100k on it. Toyota, Nissan, Suzuki. I then put 2-3k into it. And drove it for 100k miles (two years) sell for 3-5k rinse and repeat. Costs me under 200 bucks or so per month to run them. Basically a nickel a mile plus fuel.
New vehicles cost 30-50 cents per mile if you include depreciation.
New vehicles cost 30-50 cents per mile if you include depreciation.
This post was edited on 9/20/17 at 4:07 pm
Posted on 9/20/17 at 4:06 pm to CAD703X
A 3.0l 4runner?
Fuel door is on the left side.
Fuel door is on the left side.
Posted on 9/20/17 at 4:08 pm to finchmeister08
Everyone on here drives an F250 and paid it off cash
Posted on 9/20/17 at 4:10 pm to finchmeister08
I just pointed to what I want and the porter got it gassed and cleaned up.
Posted on 9/20/17 at 4:21 pm to finchmeister08
Depends. For the Rolls, I find their cars stand the test of time, so I usually hang onto them a while. Because I hold them so long, when I decide it's time to upgrade, it's usually a week long process of getting "fitted" for the car and getting all the appointments perfect; you want that car dialed in if you're going to keep it that long. You haven't suffered until you had your mind set on birdseye mahogany to set off the understated leatherwork, but you forget to mention it and the car arrives with fiddleback mahogany instead. Absolutely crushing.
For the Lambos that I'm only going to use once or twice before I throw them away, I just have them ship me one of every new model they make. It's a much easier process than the Rolls.
For the Lambos that I'm only going to use once or twice before I throw them away, I just have them ship me one of every new model they make. It's a much easier process than the Rolls.
This post was edited on 9/20/17 at 4:25 pm
Posted on 9/20/17 at 4:47 pm to TigerstuckinMS
quote:
For the Lambos that I'm only going to use once or twice before I throw them away, I just have them ship me one of every new model they make.
You did really well with the whole pompous thing until you got to this point.
Everyone who's anyone knows anything short of the testo elemento is peasant material.
Posted on 9/20/17 at 4:50 pm to finchmeister08
quote:
I bought 2010 Tacoma a few years back, 2012 I think. No money down, financed it for 75 months. , I know, pretty dumb.
maybe not dumb depending on your interest rate.
Posted on 9/20/17 at 4:52 pm to finchmeister08
Do you really need a truck?
Posted on 9/20/17 at 4:58 pm to X123F45
quote:
Everyone who's anyone knows anything short of the testo elemento is peasant material.
It's the "Sesto Elemento" because carbon is the sixth element.
I throw them away precisely because they're peasant material, but sometimes you just want to slum it, you know.
The LaFerrari, on the other hand, that thing gets driven from time to time and gets to stay in the garage. It's a piece of art.
This post was edited on 9/20/17 at 5:13 pm
Posted on 9/20/17 at 5:01 pm to finchmeister08
Use the will cover method
Posted on 9/20/17 at 5:06 pm to lsu xman
Maybe not, but I like driving one.
Plus, I wouldn't feel like an alpha if I didn't.
Plus, I wouldn't feel like an alpha if I didn't.
Posted on 9/20/17 at 5:10 pm to finchmeister08
I don't know. I have people handle that for me. All I know is that when I tell the staff to have my car ready, they pull one up from the garage. I don't really pay attention to what they are, I'm the only person that can drive on my privet island anyway.
Posted on 9/20/17 at 5:15 pm to pioneerbasketball
Can you elaborate on this method?
Posted on 9/20/17 at 5:18 pm to finchmeister08
I'm pretty sure it's statistically proven that it is cheaper to keep fixing the old car rather than buying new.
For example, let's say a 30,000 car runs $550 a month for 5 years. That's on the decent credit side.
That's 6,600 a year. For a low end new truck. Odds are greatly in your favor that your old truck will not have that much maintenance costs per year. Plus cheaper insurance costs.
Of course new cars are new. And that's hard to quantify.
For example, let's say a 30,000 car runs $550 a month for 5 years. That's on the decent credit side.
That's 6,600 a year. For a low end new truck. Odds are greatly in your favor that your old truck will not have that much maintenance costs per year. Plus cheaper insurance costs.
Of course new cars are new. And that's hard to quantify.
Posted on 9/20/17 at 5:21 pm to TigerstuckinMS
quote:
It's the "Sesto Elemento" because carbon is the sixth element.
One, auto correct fricked me.
Two, you googled that.
Three, while the last laferrari sold for nearly £6 million... It isn't worth that.
The sesto saw 20 made. Not nearly as common as ferrari's mass produced 500 unit monstrosity.
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