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Started By
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re: How are you frickers affording 70k+ Ford Expeditions and Chevy Tahoes?
Posted on 7/24/24 at 7:52 am to bulldog95
Posted on 7/24/24 at 7:52 am to bulldog95
quote:
no more that .9% financing if any financing at all
Unless there's a major change, good luck finding that APR right now.
To the OP, I don't get it either. We got a bit "lucky" in a sense where we didn't have to trade in our last 3 vehicles due to accidents that weren't our fault which totalled the cars. The fact that we originally shopped hard for a good deal along with insurance payouts that didn't screw us over meant we got back nearly what we paid. That allowed us to roll straight into newer vehicles with little to no effect on note amount and time to pay off. I now drive a paid off basic F150. The wife drives a luxury SUV, but it was a certified pre-owned. Both vehicles combined cost us what an Expedition or a Tahoe goes for now.
0
Posted on 7/24/24 at 7:56 am to WaydownSouth
Honda Odyssey or Toyota Sienna or bust.
Posted on 7/24/24 at 7:59 am to WaydownSouth
There an all-female private Facebook group called Geaux Naked where 30,000+ women from south Louisiana bitch about their husbands/boyfriends and anonymously ask questions like how to get more child support and how to stop hating semen.
Anyway, yesterday, there was a post from a woman without a job who left her “emotionally abusive” ex-boyfriend/baby daddy and now he told her she’s got to start paying her own $1,600/mo car payment. She’s upside down on the $70k loan and needs to come up with the first payment in a week. I know car payments are relative to income, but it’s really hard for me to imagine any scenario where I’d be ok paying that much per month for a car.
Anyway, yesterday, there was a post from a woman without a job who left her “emotionally abusive” ex-boyfriend/baby daddy and now he told her she’s got to start paying her own $1,600/mo car payment. She’s upside down on the $70k loan and needs to come up with the first payment in a week. I know car payments are relative to income, but it’s really hard for me to imagine any scenario where I’d be ok paying that much per month for a car.
Posted on 7/24/24 at 8:01 am to X123F45
quote:
A buddy in port allen bought one. And hit a deer in the first or second week he had it.
They are frickin sweet but I’d have to make A LOT more than I do now to even entertain the idea of ever seriously looking at one.
I feel sorry for the deer that ol boy hit though.
Posted on 7/24/24 at 8:02 am to Evil Little Thing
quote:
30,000+ women from south Louisiana bitch about their husbands/boyfriends
What shitshow that must be...
Posted on 7/24/24 at 8:04 am to N2cars
quote:
What shitshow that must be...
It’s mind blowing. Truly
Posted on 7/24/24 at 8:04 am to WaydownSouth
Just wait till a new model comes out and by the old models left on lot if you gonna get new.
There are options. Need to shop and be patient.
Family is in 4 vehicles right now and combined I did not pay 80. That includes a used Tahoe and new at the time truck. The truck was the last old model on the lot. Saved over 17k on it.
There are options. Need to shop and be patient.
Family is in 4 vehicles right now and combined I did not pay 80. That includes a used Tahoe and new at the time truck. The truck was the last old model on the lot. Saved over 17k on it.
Posted on 7/24/24 at 8:04 am to POTUS2024
quote:
Buy an old car from 2000, spend $2k on tools, do the work yourself. You'll save $50k.
How much time would it take you to fix it up? Honestly how many hours would it take you to fix up a $13K SUV from 2000? That’s over 24 years old
Posted on 7/24/24 at 8:08 am to Oilfieldbiology
And you'd still be driving a wore-out POS.
Some of the posts in this thread are pretty funny.
The overwhelming majority of people buying $70K SUVs can easily afford them, otherwise default rates would be off the charts.
Some of the posts in this thread are pretty funny.
The overwhelming majority of people buying $70K SUVs can easily afford them, otherwise default rates would be off the charts.
Posted on 7/24/24 at 8:09 am to lourob
quote:d
Just get the minivan already. Worked out for me years ago; bought my wife a Honda Odyssey back and now she can't see driving anything else. You think you have alot of room in the large SUVs, but in all in all you really don't. People who say otherwise have what I call a phobia, or fear of the minivan. Gotta get past that shite or pay a second mortgage on a new vehicle
Yup. We love our odyssey. Wide screen tv, sunroof, automatic doors, enough room so no one “he’s touching me” yet easy to park.
Posted on 7/24/24 at 8:10 am to N2cars
quote:
The overwhelming majority of people buying $70K SUVs can easily afford them, otherwise default rates would be off the charts.
Well they aren’t defaulting but what else is being sacrificed to drive them
Posted on 7/24/24 at 8:13 am to WaydownSouth
I am still driving my 2004 Toyota 4runner with 160k miles. Had a 2004 4runner before this one with 180k miles and sold it and bought my current one about 5 or 6 years ago from a grandmaw who took her grandkids around and it only had 50k miles on it and was spotless. I am not looking forward to getting my next car so just gonna run this one until the wheels fall off.
Posted on 7/24/24 at 8:17 am to thegreatboudini
quote:
Sometimes you have to do it, and I just did it, but I did it as pain free and sensible as I could in buying a reasonably affordable and very comfortable van that we will drive for 10+ years.
I still drive the same truck I did last time you saw me, been paid off since 2018
Posted on 7/24/24 at 8:23 am to BeefSupreme
It’s so nice to know I’ve never had to tuck my sack back and beg for money from my or my wife’s parents especially if I didn’t need it like this case.
Posted on 7/24/24 at 8:23 am to latech15
Here's basically a new one for just under $40K, unless the 4K miles on the odometer bother you that much.
Posted on 7/24/24 at 8:23 am to Evil Little Thing
quote:
Anyway, yesterday, there was a post from a woman without a job who left her “emotionally abusive” ex-boyfriend/baby daddy and now he told her she’s got to start paying her own $1,600/mo car payment. She’s upside down on the $70k loan and needs to come up with the first payment in a week.
Oilfield trash spending oilfield cash.
Posted on 7/24/24 at 8:26 am to JohnnyKilroy
quote:
Believe it or not, some people make more money than you.
I've had this conversation with friends and my wife on a few different occasions. I think there are multiple factors to it. One factor is your bubble. My wife and I are in a very good financial situation compared to everyone who lives in our state or even our city, but when you get down to our bubble (i.e. social circle, places we hang out, kids school, etc...) we are probably average, maybe a bit above average. Just something to keep in mind.
Another big factor is that a lot of idiots are not saving money for retirement.
There are also people who are not sending their kids to private school. A monthly private school tuition payment for one kid is roughly equal to the car note on a 50k+ vehicle.
For every person who you see driving a 75k vehicle who is overleveraged, there is probably another person who just makes good money, or sacrifices elsewhere in their life to have that vehicle.
Posted on 7/24/24 at 8:31 am to WaydownSouth
The answer to OP's question is that a lot of folks have low interest loans on homes they own... and as salaries go up, the P&I stays the same.
As for those who don't own homes, yeah they're prioritizing the wrong things.
As for those who don't own homes, yeah they're prioritizing the wrong things.
Posted on 7/24/24 at 8:32 am to WaydownSouth
quote:
How are you frickers affording 70k+ Ford Expeditions and Chevy Tahoes?
Cuz I make bank bro
Posted on 7/24/24 at 8:34 am to Evil Little Thing
quote:
$1,600/mo car payment.
That is more than my mortgage.
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