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re: Would you shiite your pants if you had a $700+ car note?
Posted on 11/27/17 at 2:11 am to lsu xman
Posted on 11/27/17 at 2:11 am to lsu xman
Have never paid over 15,000 for a vehicle and have never and will never buy new and always pay in cash.
frick having tens upon tens of thousands of dollars tied up in a vehicle that is usually not worth half of what you paid for it as soon as you drive it off the lot.
I would rather drive a decent vehicle that I know will get me from point A to point B and use the money I saved by not wasting it on a brand new vehicle to do bigger and better things.
ETA: Before you dipshits start calling me poor, I am far from it. I am in my mid-forties now and will be retired by the time I am 55. It helps out quite a bit that the first ~$100,000.00 I make each year is tax-free. Being married with 2 kids my tax refund is usually more than enough to be considered middle-class on its own as income.
frick having tens upon tens of thousands of dollars tied up in a vehicle that is usually not worth half of what you paid for it as soon as you drive it off the lot.
I would rather drive a decent vehicle that I know will get me from point A to point B and use the money I saved by not wasting it on a brand new vehicle to do bigger and better things.
ETA: Before you dipshits start calling me poor, I am far from it. I am in my mid-forties now and will be retired by the time I am 55. It helps out quite a bit that the first ~$100,000.00 I make each year is tax-free. Being married with 2 kids my tax refund is usually more than enough to be considered middle-class on its own as income.
This post was edited on 11/27/17 at 2:23 am
7
Posted on 11/27/17 at 7:15 am to DannyB
quote:
~$100,000.00
Well, is it approximately $100k or is it exactly $100,000.00? The tilde does mean something.
Posted on 11/27/17 at 7:19 am to DannyB
quote:
my tax refund
Posted on 11/27/17 at 7:50 am to lsu xman
quote:
Would you shiite your pants if you had a $700+ car note?
Not in the car.
Seriously, I carried a $955 note for 36 months. Not a big deal, and I carried it because I got 0% financing and I could afford it.
Posted on 11/27/17 at 7:51 am to DannyB
quote:
uck having tens upon tens of thousands of dollars tied up in a vehicle that is usually not worth half of what you paid for it as soon as you drive it off the lot.
I love some of the ignorant posts in this thread
Posted on 11/27/17 at 7:52 am to lsu xman
Had one.
Didn't shite my pants.
Didn't shite my pants.
Posted on 11/27/17 at 8:27 am to OceanMan
quote:
O&G, pharmaceuticals, a few blue chips like GE and IBM just off the top of my head
Why in the world are you investing in those in this current market?
Posted on 11/27/17 at 8:35 am to lsu xman
I understand they are now offering 96 month financing and people are still carrying $800 a month notes. That's crazy.
I'll spend $50-60K on a ride, but damn I'm putting enough down that my payment is less than $500 a month.
I'll spend $50-60K on a ride, but damn I'm putting enough down that my payment is less than $500 a month.
Posted on 11/27/17 at 8:38 am to HeyHeyHogsAllTheWay
quote:
I'll spend $50-60K on a ride, but damn I'm putting enough down that my payment is less than $500 a month.
Why? If you've accumulated $30k in cash to drop on a vehicle, you most likely have no issues handling $700 a month compared to $500.
Posted on 11/27/17 at 9:11 am to lsu xman
According to OT no one cares about their notes. So probably not.
Posted on 11/27/17 at 9:14 am to LNCHBOX
quote:
Why? If you've accumulated $30k in cash to drop on a vehicle, you most likely have no issues handling $700 a month compared to $500.
Psychological reasons I guess. A $500 car payment sounds much better than a $800 a month car payment, even if realistically it isn't if you put $25K in cash down to get the payment lower.
Posted on 11/27/17 at 9:15 am to DannyB
quote:
ETA: Before you dipshits start calling me poor, I am far from it. I am in my mid-forties now and will be retired by the time I am 55. It helps out quite a bit that the first ~$100,000.00 I make each year is tax-free. Being married with 2 kids my tax refund is usually more than enough to be considered middle-class on its own as income.
You're both poor in terms of money and a poor liar. Come on dude if you're going to tell a lie, make it subtle not some big huge Jew nose of a lie that people feel compelled to call out.
Posted on 11/27/17 at 9:22 am to lsu xman
Stuff like this makes for a great case study in financial poor life choices.
Because...
1)Trucks are obnoxiously overpriced
2)80% of truckowners do not need a truck
3)thats a hell of a note to pay on a quickly depreciating asset
Because...
1)Trucks are obnoxiously overpriced
2)80% of truckowners do not need a truck
3)thats a hell of a note to pay on a quickly depreciating asset
Posted on 11/27/17 at 9:26 am to DannyB
quote:
ETA: Before you dipshits start calling me poor, I am far from it. I am in my mid-forties now and will be retired by the time I am 55. It helps out quite a bit that the first ~$100,000.00 I make each year is tax-free. Being married with 2 kids my tax refund is usually more than enough to be considered middle-class on its own as income.
There are some GD idiots in this thread.
Posted on 11/27/17 at 9:27 am to member12
quote:quote:
An example would be..
$55K F-150
$15K down, finance $40K at 2.5% for 60months
$710 note
Whoever buys that is a fricking moron.
Why? I assume because of the interest rate?
Posted on 11/27/17 at 9:29 am to stout
quote:
There are some GD idiots in this thread.
Yeah like the moron who's trying to get us to believe he gets a $30K refund from the IRS? LOL
Posted on 11/27/17 at 9:32 am to go ta hell ole miss
quote:
Why in the world are you investing in those in this current market?
I'm sorry, please give me access to your crystal ball that will tell me which types of investments will be profitable in 2018. I would also not like to sell any of my current investments at a loss this year, thanks.
Posted on 11/27/17 at 9:34 am to HeyHeyHogsAllTheWay
quote:
make it subtle not some big huge Jew nose of a lie that people feel compelled to call out.
Oh wow
Posted on 11/27/17 at 9:42 am to TigerVespamon
quote:
0% or cash always
Borrow at 2% or less is a better deal than paying cash.
Why? Because cash loses value with inflation, and inflation is typically 2% or more. So a series of monthly payments at 1% interest costs more than paying up front in cash.
Posted on 11/27/17 at 9:48 am to foshizzle
quote:
Borrow at 2% or less is a better deal than paying cash.
Why? Because cash loses value with inflation, and inflation is typically 2% or more. So a series of monthly payments at 1% interest costs more than paying up front in cash.
everyone has their own strategies, and conditions at the time of purchase factor in as well, a few years back I had two car notes totaling about $2400/mo., financed at 0%, I used money that could have been used to buy the cars outright to invest in a couple of things that made considerable more money, highest, best use I guess
This post was edited on 11/27/17 at 9:50 am
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