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Message
re: How much is your truck note?
Posted on 9/8/17 at 2:35 pm to Forkbeard3777
Posted on 9/8/17 at 2:35 pm to Forkbeard3777
quote:
It's a Toyota. I could put 300k on it if I wanted.
Considering I sit and work in an office daily, I have access to the L, Uber, and we tend to fly wherever we vacation - why would I want a brand new car or a $400, $500 monthly note? I can't say I've ever opened the mailbox and thought to myself, "Gee...I wish I had another $400 bill in here."
I'll buy cheap(er) and invest the rest or pad the Roth.
Well if I made so little as a house hold I still got to fund a roth I would buy a used vehicle also.
1
Posted on 9/8/17 at 2:38 pm to lsu777
OP, I pay 685 for my 2014 Tundra and my wife pays 900 for her QX80 but we get a combined 1350 from our employers for vehicle allowance. So essentially we pay $235/month. Sure I could bank that money but why?
to all the those asking why would you want to buy a new car......because with interest this low why in gods name would you not?
to all the those asking why would you want to buy a new car......because with interest this low why in gods name would you not?
Posted on 9/8/17 at 2:40 pm to cubsfinger
No you dont
I have to do things like drink all afternoon on fridays.
I have to do things like drink all afternoon on fridays.
Posted on 9/8/17 at 2:42 pm to cubsfinger
quote:Zero
How much is your truck note?
Have had a company vehicle for over two decades.
Buy the wife's (no pics) and the futtetes (again, no pics) for ca$h unless there's zero percent financing available.
ETA:
quote:Not the same vehicle over that time span.
Have had a company vehicle for over two decades.
A new one every three years after about 150k-ish.
This post was edited on 9/8/17 at 2:45 pm
Posted on 9/8/17 at 2:43 pm to goldennugget
quote:
$0
I don't drive trucks
Posted on 9/8/17 at 2:43 pm to lsu777
It's simple, I buy new vehicles because I can.
2017 Ford F250 Crew Cab
2016 Ford Focus ST
2014 Lexus 400h
2016 Dodge Grand Caravan
The Focus and the Lexus are both paid for. The F250 and the Grand Caravan are not.
2017 Ford F250 Crew Cab
2016 Ford Focus ST
2014 Lexus 400h
2016 Dodge Grand Caravan
The Focus and the Lexus are both paid for. The F250 and the Grand Caravan are not.
Posted on 9/8/17 at 2:47 pm to UpToPar
quote:
That $35K that you saved up to pay cash for a new truck that you could have been investing actually set you back from your financial goals.....unless of course your financial goals are something other than maximizing your wealth.
I love that line. If that were the case we should all be carrying 100% mortgages and never pay our houses off. Poor people say that shite. I'll be retired at 45 and laughing.
Posted on 9/8/17 at 2:49 pm to TigerFred
quote:
People act like having a note is a bad thing. In some cases dealer incentives make it more attractive to have a short term loan. Depending on the terms the overall price at the end of the note can be cheaper than paying cash.
You can do both. I got an additional incentive for using Ford financing. Made the first payment then paid it off. Win.
Posted on 9/8/17 at 2:49 pm to yellowfin
ohhhh soooo frickinnnn coooool....pssh. whateverrrrr.
This post was edited on 9/8/17 at 2:50 pm
Posted on 9/8/17 at 2:50 pm to dragginass
quote:
I love that line. If that were the case we should all be carrying 100% mortgages and never pay our houses off. Poor people say that shite. I'll be retired at 45 and laughing.
WTF are you talking about? he is 100% right. you should be getting a loan for a vehicle for 1.9% or under and you should be able to get atleast 5% if investing. So how in the hell does that make sense to leave that money on the table? Not to mention in this market you should be getting way more than 5%
and if that is how you think about money and you retire at 45, well you will be back working by 50 because you will be roke.
Posted on 9/8/17 at 2:51 pm to dragginass
quote:
If that were the case we should all be carrying 100% mortgages and never pay our houses off
This is almost as stupid as
quote:
I'll be retired at 45 and laughing.
If you have the ability to actually legit retire at 45, it's because you've been making a shitload of money, not because you drive shitty cars.
Posted on 9/8/17 at 2:54 pm to lsu777
quote:
WTF are you talking about?
Leverage. It's what he's advocating. If all we were worried about is growing cash we wouldn't be buying new vehicles anyway. Hence the mortgage leverage comment. Try to follow.
Posted on 9/8/17 at 2:56 pm to dragginass
$850/month but only one note left
Posted on 9/8/17 at 2:58 pm to goldennugget
quote:that valtrex prescription must be expensive
$0
I don't drive trucks
Posted on 9/8/17 at 2:58 pm to cubsfinger
No note, I financed the last one for three years and I think the note was 615? Hope to not have a note on next one, but it aint looking too good.
Posted on 9/8/17 at 3:10 pm to dragginass
quote:
I love that line. If that were the case we should all be carrying 100% mortgages and never pay our houses off. Poor people say that shite. I'll be retired at 45 and laughing.
I was retired at age 45, a military career will afford you that ability. Has nothing to do with financing vehicles. LOTS of people who are far better off than I am finance their vehicles.
Posted on 9/8/17 at 3:12 pm to HeyHeyHogsAllTheWay
quote:
. LOTS of people who are far better off than I am finance their vehicles
Lots of multi-millionaires finance vehicles, but financing vehicles wasn't how they became wealthy.
This post was edited on 9/8/17 at 3:13 pm
Posted on 9/8/17 at 3:15 pm to dragginass
quote:
Lots of multi-millionaires finance vehicles, but financing vehicles wasn't how they became wealthy.
For sure, I'd wager that in most cases those who have cash to buy a vehicle but choose to finance it instead are not making a huge fortune with that capital they have decided to not spend upfront on a car. THat's not how it usually works.
Posted on 9/8/17 at 3:22 pm to HeyHeyHogsAllTheWay
quote:
For sure, I'd wager that in most cases those who have cash to buy a vehicle but choose to finance it instead are not making a huge fortune with that capital they have decided to not spend upfront on a car. THat's not how it usually works.
So then you'd agree it's a risk with minimal reward. I have a large percentage of my net worth in the stock market. I don't need to take out a loan to invest a truck's worth of money in addition. It's silly advice.
Posted on 9/8/17 at 3:23 pm to cubsfinger
quote:
if you can't pay for it in cash you don't need it bad enough.
This. Or just wait and save up more.
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