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Started By
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re: Video of car dealers trying to make paying over $1K a month cool or normal
Posted on 8/29/22 at 7:43 am to Byrdybyrd05
Posted on 8/29/22 at 7:43 am to Byrdybyrd05
A lot of bitter poor people in this topic lol
2
Posted on 8/29/22 at 7:43 am to GreatLakesTiger24
quote:
when i look at the cars i see on the road, then look at average income numbers, something doesn't quite add up
They're financing these things for 8 years.
Posted on 8/29/22 at 7:45 am to Byrdybyrd05
These people are getting high end vehicles.
In my day you got Something cheap like Toyota single cab, Nissan hardbody, Isuzu pickup, or entry level car with AC and a radio.
If someone asked what you got you could say Toyota Pickup or Toyota car. No other name was used as it was a practical vehicle.
In my day you got Something cheap like Toyota single cab, Nissan hardbody, Isuzu pickup, or entry level car with AC and a radio.
If someone asked what you got you could say Toyota Pickup or Toyota car. No other name was used as it was a practical vehicle.
Posted on 8/29/22 at 7:48 am to Obtuse1
quote:
The best piece of financial advice (that I have followed) was my dad telling me never to have a car payment unless it was for minimal transportation. He told me to drive the car I had for 4 years after getting my first job paying myself what would be a car payment each month so I would have the cash to buy a new one in 4 years. I am 55yo now, have owned over 30 cars and have never taken out a single car loan.
That may have been very sage advice for your dad who probably never lived in a time when car dealers were throwing 0% financing at you, but the wiser decision would be why not let your saved car purchase money pot continue to earn interest if an opportunity came around to have a zero interest note? Especially if the payment was less than what you were putting aside each month to buy a new car cash as you could still pay into your kitty too.
Posted on 8/29/22 at 7:50 am to Palmetto98
quote:
A lot of bitter poor people in this topic lol
Disagree. The 'poor' people on here who don't have $1200 a month car payments are likely maxing out all their retirement accounts and have a nice nest egg in the bank for a rainy day while you have a $1200 a month car payment on a depreciating asset POS Dodge or GM.
This post was edited on 8/29/22 at 7:52 am
Posted on 8/29/22 at 7:53 am to Palmetto98
quote:
A lot of bitter poor people in this topic lol
Poor is a mentality. If you have a $1k car note and you're not fairly wealthy, that might be you.
Conspicuous consumption tells a hell of a lot about a guy.
Posted on 8/29/22 at 7:55 am to Byrdybyrd05
Total BS and lies. Those are just made up numbers.
Posted on 8/29/22 at 7:57 am to Byrdybyrd05
Im trying to figure out how the frick some of them have a higher payment on a Ford/Dodge than a freaking Lexus LC500 
Posted on 8/29/22 at 7:58 am to ronricks
quote:
Disagree. The 'poor' people on here who don't have $1200 a month car payments are likely maxing out all their retirement accounts and have a nice nest egg in the bank for a rainy day while you have a $1200 a month car payment on a depreciating asset POS Dodge or GM.
So you cannot afford a nice vehicle. It’s okay buddy lol.
Posted on 8/29/22 at 7:59 am to Byrdybyrd05
People generally don’t know how to manage money. Even some otherwise smart people are just plain dumb when it comes to money.
Posted on 8/29/22 at 7:59 am to Palmetto98
quote:
So you cannot afford a nice vehicle. It’s okay buddy lol.
Shiny hook
Posted on 8/29/22 at 8:01 am to cable
quote:My last one was 2017 and before that it was 2005-ish.
my car payment is zero
Posted on 8/29/22 at 8:02 am to SelaTiger
quote:
People generally don’t know how to manage money. Even some otherwise smart people are just plain dumb when it comes to money.
I’d rather pay 1k a month and have 59k leftover for whatever then drop 60k all at once on a 60k vehicle!
Posted on 8/29/22 at 8:03 am to Palmetto98
quote:
So you cannot afford a nice vehicle. It’s okay buddy lol.
Brother, I drive a 2005 Toyota Camry with 130,000 miles on it and don't have a worry in the world. I don't care what happens to that car. It gets me to and from work and that is it. I don't need a car on the weekends because I can walk to restaurants/retail etc. Instead of a $1200 car payment that gets me literally nothing I choose to put my money in other things that will actually benefit me.
Posted on 8/29/22 at 8:04 am to Palmetto98
quote:
I’d rather pay 1k a month and have 59k leftover for whatever then drop 60k all at once on a 60k vehicle!
I'd rather just not pay 60k for a vehicle.
What is the difference in you driving your 60k pickup to the office vs me driving my 20k Corolla to the office?
This post was edited on 8/29/22 at 8:04 am
Posted on 8/29/22 at 8:06 am to Palmetto98
quote:
I’d rather pay 1k a month
I'd rather use some of that revenue for other things. But you do you.
Posted on 8/29/22 at 8:07 am to GetCocky11
quote:
I'd rather just not pay 60k for a vehicle. What is the difference in you driving for 60k pickup to the office vs me driving my 20k Corolla to the office?
Personal preference really. Nobody is forcing you drive a 60k pickup. However, I don’t know many 60k pickup owners constantly whining about used Camry owners unlike y’all.
Posted on 8/29/22 at 8:07 am to Palmetto98
quote:
I’d rather pay 1k a month and have 59k leftover for whatever then drop 60k all at once on a 60k vehicle!
I'd rather not finance depreciating assets especially when we have one hell of a financial disaster on the way. October is going to be brutal for a lot of people that aren't prepared.
Posted on 8/29/22 at 8:07 am to GetCocky11
quote:
They're financing these things for 8 years.
Cars are lasting longer than ever. The average age of a vehicle on the road is over 12 years. The oldest it has ever been.
Posted on 8/29/22 at 8:07 am to RogerTheShrubber
quote:
I'd rather use some of that revenue for other things. But you do you.
1k vs 59k used for an investment is a massive difference
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