re: How are you frickers affording 70k+ Ford Expeditions and Chevy Tahoes?

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quote: A truck isn't worth 40k,


Who says? How much should a truck be worth?

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When you really try to sit down and analyze it from a financial perspective, the entire vehicle industry is mind blowing.

People regularly spend $40k-$50k on trucks and SUVs and feel ok about it. A large percentage of college educated people with good jobs have been conditioned to believe this is an acceptable price to pay for a vehicle. “Hell the new/upper trim ones are $70-$90k, I’m getting a good deal!”

So people drop $40k+ on an investment that is guaranteed to go down in value. Just straight up locking in a negative return on $40k capital.. better yet.. a majority of people use leverage for this investment! Paying a premium to borrow money to invest in something that is guaranteed to go down in value! It is a mind boggling concept.

Considering what an impactful financial decision buying a vehicle is, spending upwards of $40-$50k should be limited to a much smaller pool of people than it actually is. But this is America, and vehicles are worth what people are willing to pay for them. And people are allowed to do what they want with their money. And that’s how you end up with single cab trucks going for $40k.

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So people drop $40k+ on an investment that is guaranteed to go down in value

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A car is not an investment. Which negates all your points.

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HOA covers my landscaping and lawn maintenance.

I can hire handymen to come out and fix shite for cheaper than my hourly rate to work, so why not hire out that shite and keep working?

I do what I can around the house but frick painting or re-roofing the house myself. hah.

I can rent a truck for $20 or whatever for the day if needed

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Ah, so you're a woman.

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A car is not an investment. Which negates all your points.

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It is an asset that has value at a point in time and then has a lower value at a point in time in the future.

It is an asset that can be purchased at lower prices than $40k.

My points stand just fine.

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It can be asset or a liability. It's an asset as long as it holds some value and you don't owe more on it than it's worth. Flip those two things, and it's a liability

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No. It’s always an asset. The loan is the liability.

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in other words, don't be upside down in an auto loan.

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I certainly agree with this

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I can rent a truck for $20 or whatever for the day if needed.

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Not if they were banned like you want.

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I mean that is a really poor example of being "outdoorsy". Hauling an apartment with a fridge, shower, real bed, and a TV to a place that has a road going directly to the "camp" doesn't even dip down to glamping level. If you are "outdoorsy" you put everything you need to live for a week on your back and go out into the outdoors. When you are sleeping in something with a door and lock it is hard to use that as an example of being outdoorsy. That is an example of wanting a truck because you are soft as baby buns.

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This is just fricking stupid.

Lol okay.

I don't define my time outdoors based on how I sleep. And I don't spend my days inside of a camper. I enjoy going up to the Buffalo River and floating the river 2 or 3 times over the course of a weekend. If sleeping on a mattress and having a safe/comfortable place for me (and my daughter) to sleep somehow makes me a yuppie in your eyes, then consider your invitation to the annual float trip revoked.

I certainly think creating memories as I do with my daughter is a lot better than sitting at home letting her stare at a phone all day. But continue to judge. I won't be losing any (VERY comfortable) sleep over it.

My wife is rich and I keep her box buzzin’

‘nuff said