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Started By
Message
re: Video of car dealers trying to make paying over $1K a month cool or normal
Posted on 8/29/22 at 8:29 am to lsu13lsu
Posted on 8/29/22 at 8:29 am to lsu13lsu
quote:
But, just blindly spouting off the crap you guys spout off about vehicles and financing and buying used only is dumb.
Where have I posted anything about buying used? Only thing I have said is having a $1200 to $1500 car payment is insanity which it is.
This post was edited on 8/29/22 at 8:30 am
1
Posted on 8/29/22 at 8:30 am to thejudge
quote:
There are a lot of defaults going on. It's going to spike more. Wait till spring if you can.
Hell yeah, the used market will have a nice bump.
Posted on 8/29/22 at 8:30 am to Palmetto98
quote:
Nobody gives af about your house in bum frick Egypt dude
You post such substance. A thinker, I can tell.
Posted on 8/29/22 at 8:30 am to ronricks
quote:
And people laugh at folks who make $45k and have $1200 truck payments Eventually you will grow up and realize what the real world is like and what is and isn't important.
Too bad there’s nobody making 45k and making 1200 truck payments
Posted on 8/29/22 at 8:31 am to ronricks
quote:
And people laugh at folks who make $45k and have $1200 truck payments
Nice hyperbole.
Posted on 8/29/22 at 8:35 am to ronricks
quote:
Where have I posted anything about buying used?
quote:
I'm not advocating for paying cash or financing a new vehicle. I'm saying BOTH are fricking stupid.
Literally here. You said you would not finance or pay cash for a new vehicle.
This post was edited on 8/29/22 at 8:36 am
Posted on 8/29/22 at 8:37 am to Palmetto98
quote:
Dude still has 59k left lmao
Which has been losing value.
Posted on 8/29/22 at 8:38 am to lsu13lsu
quote:
Literally here. You said you would not finance or pay cash for a new vehicle.
Nowhere have I told anyone to go and buy a used vehicle. I bought my car new and will drive it until it literally won't make it to the next stop light. That is what I am advocating for. I am not (and have not) told anyone to go and buy used vehicles over new
I haven't had a car payment since 2009 and when I had one is damn sure wasn't $1200 to $1500. That is what I am talking about.
This post was edited on 8/29/22 at 8:42 am
Posted on 8/29/22 at 8:43 am to RogerTheShrubber
quote:
Which has been losing value.
If dude would’ve dropped 60k on a truck, he would’ve lost value(maybe not in todays market lol vs making a 1k payment 90 days later and keeping the 59k.
Posted on 8/29/22 at 8:48 am to Palmetto98
quote:
If dude would’ve dropped 60k on a truck, he would’ve lost value
Probably not, in the last year.
Posted on 8/29/22 at 8:50 am to Byrdybyrd05
I can't get past the first idiot. $2325 A MONTH for 2 new vehicles.
By itself, that debt service would pay (P&I and escrow) for a damned near $500k house. (ETA: AT LEAST $425k to $450k.)
For frick's sake...
By itself, that debt service would pay (P&I and escrow) for a damned near $500k house. (ETA: AT LEAST $425k to $450k.)
For frick's sake...
This post was edited on 8/29/22 at 8:52 am
Posted on 8/29/22 at 8:51 am to Ace Midnight
$2500/month in car payments? I cannot even imagine.
Posted on 8/29/22 at 8:53 am to lsu13lsu
quote:
Even at 0%?
Even assuming they didn’t screw you on the purchase price, you’ll still be buying an $80k piece of metal that will be worth about $30k in 5 years.
Hardly a sound “asset” investment.
Posted on 8/29/22 at 8:54 am to TDTOM
I think the last dude (the dude that was asking everybody else, probably the sales manager or finance manager) was high of $1500 for just 1 car.
Posted on 8/29/22 at 8:57 am to Obtuse1
quote:
I am 55yo now, have owned over 30 cars and have never taken out a single car loan.
So you’ve still spent way way more than you needed to on cars. Congrats?
Posted on 8/29/22 at 8:58 am to Byrdybyrd05
Car dealers are evil
Posted on 8/29/22 at 8:59 am to Ace Midnight
quote:
I think the last dude (the dude that was asking everybody else, probably the sales manager or finance manager) was high of $1500 for just 1 car.
Yeah and his car may actually appreciate in value some day and he's probably been baking $300k+ the past 2 years
Posted on 8/29/22 at 9:03 am to Turf Taint
quote:
Pay it to yourself each month.
How well does that work when you have 8-9% inflation?
Posted on 8/29/22 at 9:06 am to GetCocky11
quote:
What is the difference in you driving your 60k pickup to the office vs me driving my 20k Corolla to the office?
How much can you tow with that Corolla and how much do you suppose you could haul in the trunk?
Posted on 8/29/22 at 9:07 am to Ace Midnight
quote:
By itself, that debt service would pay (P&I and escrow) for a damned near $500k house. (ETA: AT LEAST $425k to $450k.)
I have approximately a $500k house - my principle, interest and escrow were running about that before I paid it off.
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