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Posted on 3/23/22 at 11:11 am to Salmon
quote:
but he said he didn't believe it was possible despite claiming to do exactly that
Yeah, I'm not defending him or his takes.
But I'm willing to bet even half the people who spout the "yeah, but I invest the freed up cash and make more" don't even do that.
In the end, the original topic of this thread just tells me that the average consumer is overextending themselves and is not being smart about it.
Lets face it, most of this country would be better off in a debt-free environment versus making debt work for them.
This post was edited on 3/23/22 at 11:14 am
Posted on 3/23/22 at 11:12 am to LNCHBOX
quote:
Well, you just jumped several trim levels, not one
OMG, I gave a range you simpleton.
quote:
and I got way more stuff that goes with it
Yes, you overpaid for even more "stuff"
quote:
my vehicle is worth more than one that had aftermarket stuff added.
It'll depreciate at the same rate as everyone else. You arent getting your money back on that ostrich skin steering wheel.
Posted on 3/23/22 at 11:12 am to SpotCheckBilly
quote:
Wow. I haven't made a car payment since 2003. I prefer it that way.
Pay as little interest on depreciable assets as you can.
Purchased my last 3 vehicles at 0% interest for 60 mos.
This post was edited on 3/23/22 at 11:13 am
Posted on 3/23/22 at 11:12 am to GetCocky11
quote:
But I'm willing to bet even half the people who spout the "yeah, but I invest the freed up cash and make more" don't even do that.
5%, tops. They blow the cash, now have no cash and a large, long payment.
Statistics probably support this.
This post was edited on 3/23/22 at 11:14 am
Posted on 3/23/22 at 11:13 am to Salmon
quote:
but he said he didn't believe it was possible despite claiming to do exactly that
Not what I said in context. Ive responded to you several times now and would appreciate some honesty.
Posted on 3/23/22 at 11:14 am to Vacherie Saint
quote:
OMG, I gave a range you simpleton.
I love how you melt when you get called out on bullshite.
quote:
Yes, you overpaid for even more "stuff"
That's just like your opinion, man
quote:
It'll depreciate at the same rate as everyone else. You arent getting your money back on that ostrich skin steering wheel.
It's still worth more than the one you spent money to add stuff to (money that you will not see one cent back on btw). What an amazing financial advisor you must be.
Posted on 3/23/22 at 11:15 am to GetCocky11
quote:
In the end, the original topic of this thread just tells me that the average consumer is overextending themselves and is not being smart about it.
This. The data is crystal clear. Less savings, more debt, flat income.
Posted on 3/23/22 at 11:16 am to LNCHBOX
quote:
What an amazing financial advisor you must be.
You do realize you LOSE more money that way, right?
right?
Posted on 3/23/22 at 11:16 am to Vacherie Saint
quote:
Not what I said in context. Ive responded to you several times now and would appreciate some honesty.
well, within context, you would have to know lnch's financial situation for your "go buy a $90k truck LOL" bit to make sense, no?
which is why I thought it was an odd post
Posted on 3/23/22 at 11:18 am to Salmon
I was responding to an individual poster whop had been riding me like a show pony for 10 pages because I DARED question the truck nut class, not making a blanket assessment of the population writ large? Cmon dude.
This post was edited on 3/23/22 at 11:20 am
Posted on 3/23/22 at 11:19 am to Vacherie Saint
quote:
You do realize you LOSE more money that way, right?
right?
You're making assumptions again
Posted on 3/23/22 at 11:20 am to Vacherie Saint
quote:
I was responding to an individual poster, not making a blanket assessment of the population writ large? Cmon dude.
Yeah. I know
Posted on 3/23/22 at 11:20 am to Vacherie Saint
quote:
iding me like a show pony for 10 pages because I DARED question the truck nut class
You are so full of shite
You got pissy with me because I stated a simple fact, then you started claiming things I never said quote:
quote:Why make the assumption you can't "liquidate your way out?" If you bought a new vehicle in last year or two, you are making money selling it right now
Financing a rapidly depreciating, and completely unnecessary, asset to the point where you could NEVER liquidate your way out of it is fricking dumb.
This post was edited on 3/23/22 at 11:23 am
Posted on 3/23/22 at 11:28 am to LNCHBOX
quote:
You're making assumptions again
MSRP on a King Ranch is 56K. Its 40K on an XLT. That's a 16K difference in price, but the difference in retail for a 2015 King Ranch versus a 2015 XLT is only about 5K.
Its a depreciating asset whose floor value is scrap. The more you spend, the more you lose.
This post was edited on 3/23/22 at 11:30 am
Posted on 3/23/22 at 11:29 am to LNCHBOX
quote:
I stated a simple fact
where?
Posted on 3/23/22 at 11:29 am to Vacherie Saint
quote:
but the difference in retail for a 2015 King Ranch versus a 2015 XLT is only about 5K.
That is bullshite
Posted on 3/23/22 at 11:29 am to Vacherie Saint
quote:
where?
Ok, it's you who is no longer worth the time.
Posted on 3/23/22 at 11:31 am to LNCHBOX
It is. LOL
Go look online. You didnt actually think your trim spec held its new value did you?
Go look online. You didnt actually think your trim spec held its new value did you?
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