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re: Would you shiite your pants if you had a $700+ car note?

Posted on 11/25/17 at 6:24 pm to
Posted by danilo
Member since Nov 2008
26348 posts
Posted on 11/25/17 at 6:24 pm to
I could pay 700 a month for a car but refuse to. Cars arent important to me. Just a hunk a metal to get me around. I am very happy with with my 12 year old Toyota Camry. If I had to get a new car tomorrow I would probably get a Civic or Corolla for about 18K-20K

I am not married and don't have kids. I enjoy living simple. Allows me to save over 50% of my take home pay (not an OT Baller, make 75k)
This post was edited on 11/25/17 at 6:55 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
184680 posts
Posted on 11/25/17 at 6:35 pm to
quote:

Car note currently is $1000. That’s what happens when you finance 36k for 36 months. Nbd. Buy something cheaper if you’re a poor.




You bought a $36K vehicle and have the nerve to call someone poor?
Posted by stout
Porte du Lafitte
Member since Sep 2006
184680 posts
Posted on 11/25/17 at 6:38 pm to
quote:

Have you checked the stock market lately?





Give us your best financial advice. We are all ears.
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
58879 posts
Posted on 11/25/17 at 6:49 pm to
I buy them used and pay cash. Period. You've been out of work once, you learn.
Posted by TigrrrDad
Member since Oct 2016
8202 posts
Posted on 11/25/17 at 7:07 pm to
quote:

Give us your best financial advice. We are all ears


Buy low, sell high.

Actually, do a simple 3-fund portfolio and let it ride. That will earn you more interest than what you'll pay on a car note nowadays.
Posted by biglego
San Francisco
Member since Nov 2007
85576 posts
Posted on 11/25/17 at 7:09 pm to
quote:

A low mileage used one is low $30s


A Tundra? Yeah no.

Used Tundras with low mileage aren't much cheaper than brand new.

They’re all over the place here in houston. Low $30s for low mileage used ones. Not the platinum or 1784 whatever model but still the 5.7 crew cab.

In June 2017 I bought a 2016 crew cab Tundra for $34k, it had 10k Miles.
Posted by Sayre
South Bend, Indiana
Member since Nov 2011
5754 posts
Posted on 11/25/17 at 7:10 pm to
quote:

Would you shiite your pants if you had a $700+ car note?


No, because I make over $600 a day when I'm working.
Posted by lsuoilengr
Member since Aug 2008
5473 posts
Posted on 11/25/17 at 7:11 pm to
My grandpa's gf just died and left him a 2010 chevy Malibu which he gave to me. So my options are 1: drive around in a free car. 2: spend 750 a month on a new car. Option 1 all day
Posted by 632627
LA
Member since Dec 2011
15406 posts
Posted on 11/25/17 at 7:38 pm to
quote:

I saw a commercial today for a $700/month lease offer.

Whole lotta nope on that



So if it was a commercial for a Bentley you would say nope?

$700/month could be a great deal, just depends on the car.
Posted by Lakeboy7
New Orleans
Member since Jul 2011
28324 posts
Posted on 11/25/17 at 7:41 pm to
Car notes are for poor people
Posted by BowDownToLSU
Livingston louisiana
Member since Feb 2010
21874 posts
Posted on 11/25/17 at 7:42 pm to
$550 on my truck and $650 on wife's highlander. shite makes me sick
Posted by danilo
Member since Nov 2008
26348 posts
Posted on 11/25/17 at 7:43 pm to
quote:

$550 on my truck and $650 on wife's highlander. shite makes me sick

Crazy question: Then why you do it, baw?
Posted by BRL79
Member since Mar 2014
3138 posts
Posted on 11/25/17 at 10:00 pm to
quote:

I'll never buy a vehicle unless they're offering 0%

Now if you could just figure out how to not pay those pesky taxes too.
Posted by BRL79
Member since Mar 2014
3138 posts
Posted on 11/25/17 at 10:03 pm to
quote:

You bought a $36K vehicle and have the nerve to call someone poor?

No, no. He actually bought a $100k car and put down $64k therefore only financing $36k for 3 years.
Posted by baobabtiger
Member since May 2009
4959 posts
Posted on 11/25/17 at 10:05 pm to
Me too. I financed a diesel truck, antique vehicle, and a Land Rover about 10 years ago. When my payments got up to 633 on the Land Rover I finally realized that I was paying a lot of money for a status symbol.

I sold the Land Rover, bought a 5 year old truck with low miles and payed it off quickly. I still have that truck as an extra vehicle. I’ve financed 3 vehicles since and paid them off within 1.5 years. Having no payment is awesome and a huge peace of mind. I wouldn’t have it any other way.
Posted by biglego
San Francisco
Member since Nov 2007
85576 posts
Posted on 11/25/17 at 10:37 pm to
This is the type of thread that makes the OT so magical. Everyone here is so rich. I fit right in.
Posted by lsu777
Lake Charles
Member since Jan 2004
38747 posts
Posted on 11/25/17 at 11:38 pm to
I have two over that now, so no. But both the wife and get allowances so we pay very little out of our actual salaries.
Posted by TJGator1215
FL/TN
Member since Sep 2011
14174 posts
Posted on 11/25/17 at 11:42 pm to
Anyone who's paying that for a depreciating asset is retarded.
Posted by dcrews
Houston, TX
Member since Feb 2011
32130 posts
Posted on 11/26/17 at 12:57 am to
quote:

They’re all over the place here in houston


Interesting. Not even 2 years ago I was looking for a crew max 4WD Tundra and anything 2 years or newer with less than 25k miles was within a couple thousand of a new one.

Which is why I just bought a new one for $43k
Posted by Old Money
LSU
Member since Sep 2012
41986 posts
Posted on 11/26/17 at 2:00 am to
No, because I wouldn't get a payment I couldn't afford.
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