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re: The average monthly new car payment in 2022 is $644
Posted on 3/23/22 at 8:02 am to tigerinthebueche
Posted on 3/23/22 at 8:02 am to tigerinthebueche
quote:everyone is materialistic to some level. people love to virtue signal when someone is a little more materialistic than them
Or maybe people just want nice shite. And what’s wrong with being materialistic?
2
Posted on 3/23/22 at 8:04 am to BlackPot
quote:
Seems like no one can live without heated and cooled seats, massage, and other shite they never use.
I use my heated/cooled seats pretty much any time I drive
Posted on 3/23/22 at 8:04 am to GreatLakesTiger24
2020 ram 1500
2021 Tahoe
$0 a month. Feels so good.
2021 Tahoe
$0 a month. Feels so good.
Posted on 3/23/22 at 8:04 am to BlackPot
quote:
All you see if Platinum, limited, or King Ranch. No XLT.
I drive a XLT baw. Cloths seats, no touch screen radio etc. It does everything I need. Sadly those are about 10-12+ more now than they were when I bought mine 5 years ago.
This post was edited on 3/23/22 at 8:06 am
Posted on 3/23/22 at 8:06 am to tigerinthebueche
quote:
Or maybe people just want nice shite. And what’s wrong with being materialistic?
Financing a rapidly depreciating, and completely unnecessary, asset to the point where you could NEVER liquidate your way out of it is fricking dumb.
Posted on 3/23/22 at 8:07 am to fallguy_1978
quote:
Sadly those are about 10-12+ more now than they were when I bought mine 5 years ago.
My wife needs another vehicle, she may have to settle for a used Nissan Leaf.
Posted on 3/23/22 at 8:08 am to Vacherie Saint
Free money from Ford ain’t so bad.
And maybe you haven’t noticed but used vehicles trucks especially are holding value.
And maybe you haven’t noticed but used vehicles trucks especially are holding value.
Posted on 3/23/22 at 8:08 am to Vacherie Saint
quote:
Financing a rapidly depreciating, and completely unnecessary, asset to the point where you could NEVER liquidate your way out of it is fricking dumb.
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
Posted on 3/23/22 at 8:13 am to RogerTheShrubber
quote:
My wife needs another vehicle, she may have to settle for a used Nissan Leaf.
My wife's Accord is over 10 years old at this point but we decided we'd rather keep it going a few more years than buy in this market.
This post was edited on 3/23/22 at 8:16 am
Posted on 3/23/22 at 8:13 am to RogerTheShrubber
Step 1:
Buy a practical vehicle you can afford. The number of 4X4 F250's I see with unblemished trailer hitches is pretty alarming.
Step 2: A good metric is something you can pay off in 5 years or less. Dont stretch your monthly cash flow, either. Keep it comfortable.
Step 3: Take care of the vehicle. Keep up with the maintenance religiously.
Step 4: Keep it for a decade.
Step 5: As soon as its paid off, buy your second vehicle and repeat the process.
You're welcome.
Buy a practical vehicle you can afford. The number of 4X4 F250's I see with unblemished trailer hitches is pretty alarming.
Step 2: A good metric is something you can pay off in 5 years or less. Dont stretch your monthly cash flow, either. Keep it comfortable.
Step 3: Take care of the vehicle. Keep up with the maintenance religiously.
Step 4: Keep it for a decade.
Step 5: As soon as its paid off, buy your second vehicle and repeat the process.
You're welcome.
Posted on 3/23/22 at 8:15 am to LNCHBOX
Maybe, but thats the extremely rare exception. It wont last long. Throughout your life, you will almost ALWAYS be upside down on a financed vehicle.
Vehicles do not intrinsically appreciate.
Vehicles do not intrinsically appreciate.
This post was edited on 3/23/22 at 8:17 am
Posted on 3/23/22 at 8:18 am to Vacherie Saint
Interest rates will rise, car prices will crash, baws will be stuck.
Posted on 3/23/22 at 8:18 am to weagle99
Last year we got a Lexus NX (2018 model) with 31K miles on it and we are paying $502/month incl. extended warranty. No money down. That is the most we have paid for a monthly note.
We spent 5 years not paying auto loans prior to that. Until they start breaking down or taking it to mechanic for random shite every 3 months you are longing for a newer ride.
We spent 5 years not paying auto loans prior to that. Until they start breaking down or taking it to mechanic for random shite every 3 months you are longing for a newer ride.
Posted on 3/23/22 at 8:20 am to Vacherie Saint
quote:
Maybe, but thats the extremely rare exception.
Tell me you haven't been in the vehicle market recently without telling me.
quote:
g. Throughout your life, you will almost ALWAYS be upside down on a financed vehicle.
If you never put any money down ever and switch vehicles every year or two, maybe.
quote:
Vehicles do not intrinsically appreciate.
They don't have to to be ale to "liquidate your way out"
Posted on 3/23/22 at 8:20 am to weagle99
Money doesn’t matter if you enjoy the car. Everyone has a death sentence. Enjoy the time you have.
Posted on 3/23/22 at 8:20 am to PutinOnTheRitz
quote:
Or have their debts paid off by taxpayers.
Posted on 3/23/22 at 8:21 am to RogerTheShrubber
right. A once in a lifetime pandemic related supply chain crisis has the new vehicle supply constricted, leading to a fleeting spike in used vehicle prices. And mf'ers are acting like their Platinum F250 is an investment.
Posted on 3/23/22 at 8:22 am to Vacherie Saint
quote:this is silly. the ltv on my auto loan was like 65%.
Throughout your life, you will almost ALWAYS be upside down on a financed vehicle.
Posted on 3/23/22 at 8:22 am to Vacherie Saint
quote:
And mf'ers are acting like their Platinum F250 is an investment.
No one is saying that, but whatever makes you feel better.
Posted on 3/23/22 at 8:23 am to Dominate308
quote:
Money doesn’t matter if you enjoy the car. Everyone has a death sentence. Enjoy the time you have.
I'm not in the drive a beater cars don't matter crowd, but this is incredibly short sighted.
You shouldn't drive a Mercedes if you can't afford your rent groceries and other needs - a used Nissan will do just fine.
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