What's your monthly car payment?

[davebg 0]

For people who insist on a new car every 3-5 years (not me), a lease can be a cheaper option. Otherwise, buy.

Exactly. Like I said, Mrs. DaveBG is the primary driver of the Lexus. I don't want anything to do w/a car that she has been driving for three years.

 

Now, eventually (when we have a kid) we will need a second car. At that point I will choose something for me and there's a pretty good chance that I'd end up buying it rather than leasing.

[gocolts 300]

I haven't had a car payment in over 10 years. I bought a 2003 dodge dakota extended cab for 5500 bucks a few months ago. 58,000 miles on it. Paid cash for it. I did drive a clunker for a while to save up, but it got me around.

[BLS 313]

I haven't had a car payment in over 10 years. I bought a 2003 dodge dakota extended cab for 5500 bucks a few months ago. 58,000 miles on it. Paid cash for it. I did drive a clunker for a while to save up, but it got me around.

 

 

 

WTF dude...I'm supposedly 'Rich' according to you and I don't have $5500 saved up.

I smell something

[Brad GLuckman 518]

WTF dude...I'm supposedly 'Rich' according to you and I don't have $5500 saved up.

I smell something

 

No emergency fund dude?

Gotta have an emergency fund.

[edjr 5,564]

I haven't had a car payment in over 10 years. I bought a 2003 dodge dakota extended cab for 5500 bucks a few months ago. 58,000 miles on it. Paid cash for it. I did drive a clunker for a while to save up, but it got me around.

 

you must have been saving up for the last 8 years to save up 5500 with a 15k salary.

 

What the hell do you do anyway?

[gocolts 300]

WTF dude...I'm supposedly 'Rich' according to you and I don't have $5500 saved up.

I smell something

Like I said, I drove a clunker truck I paid 750 bucks for about 6 or 7 years ago. I have been saving up for a long time. I wasn't planing on spending that much. I got it at Salvage yard. The only bills I have have are the necessities, gas, water, electric, house and phone. No car payments. No cable TV. No extra phone features. It was a pretty sweet deal for a truck that only had 58,000 miles. It wasn't wrecked or anything.

[jerryskids 5,199]

$0 -- 2000 Jaguar S-Type

 

$0 -- 2001 Chevy Suburban

 

Both are relatively low mileage. Prolly in the next year or two we'll talk about another car, since my (3) kids are getting bigger, we can fit them in a normal car. If the Suburban is still running we'll keep that on the side of the house for road trips and other truck-like needs.

[gocolts 300]

No emergency fund dude?

Gotta have an emergency fund.

[RLLD 3,455]

As my wife does not work, and I am the only source of income, i have setup a schedule of sorts whereby we only ever have one car payment to bother with.

 

She got a new car in 2002, paid it off last summer, I went out and got my new car last month. Her car has to last until mine is paid off, then she gets a new one.

 

As a backup I have a 1991 GMC farm truck I keep as a spare in case some "need" arises.

 

You gotta have a plan...

[gocolts 300]

you must have been saving up for the last 8 years to save up 5500 with a 15k salary.

 

What the hell do you do anyway?

Close. About 6 years maybe. I am disabled so I can't work anymore. I also had to spend 350 on a dryer 2 weeks ago. Emergency fund baby.

[RLLD 3,455]

Close. About 6 years maybe. I am disabled so I can't work anymore. I also had to spend 350 on a dryer 2 weeks ago. Emergency fund baby.

 

I could tell from your postings that you were slightly retarded....

[gocolts 300]

I could tell from your postings that you were slightly retarded....

[edjr 5,564]

Close. About 6 years maybe. I am disabled so I can't work anymore. I also had to spend 350 on a dryer 2 weeks ago. Emergency fund baby.

 

You may have mentioned that before. I'll remember now.

[Patriotsfatboy1 1,432]

I could tell from your postings that you were slightly retarded....

How dare you say such a thing!

 

You are selling him way too short on this.

 

 

 

 

 

He is tremendously retarded

[nospk 230]

How dare you say such a thing!

 

You are selling him way too short on this.

He is tremendously retarded

 

He's also an excellent driver.

[DuckStupid 40]

My car - 0

Wife's car - 2 years into a 3 year deal @ $850/month no-interest.

[gocolts 300]

He's also an excellent driver.

I use to drive a lift truck carrying appliances around. We had to drive backwards because we moved 4 refrigerators around at a time and stacked them 5 high in their bays. Carried 2 on top of 2. Balancing act. Anywho, I use to scare the fock out of my friends by driving backwards in my truck going like 30 MPH. Good times.....good times.

[kpbuckeye 2]

98 Wrangler $0.00

 

03 330i bmw 529.00 But I only have 4 payments left

[Dr Hook 6]

I have a 98 F150 with 220,000 on it and a 1997 Park Ave with 116,000 on it. The park gets about 27 mpg and the truck about 15. They are both paid for and I will drive them until they drop. I will never have another car pmt.

[heavy-set 39]

No emergency fund dude?

Gotta have an emergency fund.

$918 in my fund

 

[Hurricane Ditka 0]

I part with a $1000 to my bank for 2 cars.

 

700 per month for a 2004 Dodge Durango (10 payments left)

300 per month for a 2007 Chevy Monte Carlo SS (25 payments left)

[Gepetto 985]

2005 Jeep Grand Cherokee Limited (color: silver) (bought new in '05) only 21,300 miles now, paid off a couple months ago. It cost $30,687 after negotiations. I paid $12,687 cash and got $8000 trade for my previous '98 Jeep Grand Cherokee, and I paid $305 a month x 36 months financing the final $10,000 of it.

 

I'm trading it in for a new 2008 Jeep Grand Cherokee Limited (color: black) TODAY. I'm meeting with the General Manager of the dealership in 10 hours.

 

I'll let you know how it goes.

 

Good Night!

[Recliner Pilot 61]

Dude this is FFT. Everyone has a $0 monthly car payment on their BMW and Lexus

Mine is $0

 

hers is $450 for 36 months, 6 months in

 

'99 BMW 740iL $0 (weekend run around car)

 

"01 Ford F150 4 door Lariat for the Son $300 and change

 

'04 Nissan Titan 4 Door $0 (My Co vehicle)

 

'08 Dodge Charger $0 (My Honey's Co vehicle)

[lagarzlebrew 0]

2005 Trailblazer - $212/month, 34 payments left

 

2005 Tahoe, $470/month, 22 payments left

[peenie 1,690]

$250 for a 2007 honda civic

[BiPolarBear 476]

2005 Trailblazer - $212/month, 34 payments left

 

2005 Tahoe, $470/month, 22 payments left

 

 

I hope you don't have to drive much. Gas would be a beating.

[swirvenirvin 25]

02 Mustang - Paid Off

06 Elantra - Paid Off

 

06 Minivan - Free from Govt

 

Net cost = ZERO

[lagarzlebrew 0]

I hope you don't have to drive much. Gas would be a beating.

 

Gas is killing me. I bought them when gas was about $2/gallon. I am spending about $600/month total in gas for the two trucks. Trying to convince the wife (Tahoe) to go to a minivan and myself to by an Accord/Altima/Camry.

[BudBro 117]

02 Mustang - Paid Off

06 Elantra - Paid Off

 

06 Minivan - Free from Govt

 

Net cost = ZERO

i would like to be on the "minivan free from the govt" program. how works that?

[bjlmonster 0]

01 Durango = $0

06 Altima for the wife = $0

 

Liking this alot!

[swirvenirvin 25]

i would like to be on the "minivan free from the govt" program. how works that?

 

carpool

[tikigods 76]

They install that Tru Coat right at the factory.

[Toro 1]

A lease is the worst thing you can do financially, besides payday loans and credit card balances.

[Big Blue 06 195]

My BMW = $0 monthly payment.

My wife's Nissan = $0 monthly payment.

 

I enjoy making this payment every month.

[tikigods 76]

A lease is the worst thing you can do financially, besides payday loans and credit card balances.

 

Interesting. I write mine off at tax time because of my job.

[BLS 313]

Food for thought: Smart Money Magazine says the number one most profitable thing on the car lot is the financing contract. Number two is the repair shop. Number three is the extended warranty. Number four is the sale of vehicles. What kind of business are they in?! Buy a slightly used vehicle and you can get it for 25% off sticker. You’ll always in this way.

 

Interesting info Toro.

 

So, with that information, would it be safe to say that buying the extended warranty is a bad idea overall?

[tikigods 76]

You can also write off the depreciation of your car if it's used for business purposes.

 

Leasing stinks. Here’s why. Take a 2001 Honda Civic? Sells for $18,000. If that car in four years loses 60% of value it would be worth $11,000. You've lost $7,000 in value. If you lease this Civic and bring it back to the dealer in four years and you have not paid them $7,000, then they have lost money. You have to pay them the depreciation value or they lose money. They aren’t in the business of losing money.

 

They make the depreciation up and a profit, mostly in interest on the loan. You can’t even get close to a cash transaction. If you could lease a car for less than it goes down in value then it would make sense. You’re letting someone else take the hit. That’s when renting makes sense. “Someone has got to lose money, and it ain’t them.”

 

Food for thought: Smart Money Magazine says the number one most profitable thing on the car lot is the financing contract. Number two is the repair shop. Number three is the extended warranty. Number four is the sale of vehicles. What kind of business are they in?! Buy a slightly used vehicle and you can get it for 25% off sticker. You’ll always in this way.

 

I think what I'm going to do next time around is buy a used diesel (mid-late 80s) probably a VW and put a conversion kit on it to burn bio-diesel. It's hard as hell to find decent used cars that get decent gas mileage. Plus, in my next of the universe it's a twenty minute drive to get anywhere.

[BLS 313]

I think what I'm going to do next time around is buy a used diesel (mid-late 80s) probably a VW and put a conversion kit on it to burn bio-diesel. It's hard as hell to find decent used cars that get decent gas mileage. Plus, in my next of the universe it's a twenty minute drive to get anywhere.

That's not a bad idea.

I bought an 1987 Datsun Maxima (yes they were Datsuns, not Nissan's back then) from my high school buddy's dad for $200 in 1994. It had 180,000 miles on it. I promptly drove it down to Mississippi (where I was living at the time) from Minnesota and continued to drive that car for the next 4 years.

 

When I was done, it had 249,000 miles on it. I gave it to my younger brother for his 16th birthday present. Trust me...in that family, getting ANY car was better than most of the gifts. Of course it wasn't good enough for him, and he just beat it, and blew the motor about 3 months later.

 

I believe if driven by an adult, that car would have went 350,000 Miles +.

It was a inline 6 cylinder motor and got about 41MPG. I couldn't believe it.

 

 

My question for you Tiki is, where do you get your fuel?

I mean, I know you can use fryer grease, etc, but you have to go get it from a private party or something, right?

[tikigods 76]

My friend has a pretty elaborate operation going on at his house filtering used vegetable oil. The best is bran...burns very clean. He gets it from several of the local eateries. Apparently McDonald's has a contract with someone else. I do know of a place in the southern part of the state that sells clean bio diesel at less than .40 per gallon...but you have to purchase no less than 10,000 gallons at a time.

 

The key with creating a bio diesel engine is having an older model that isn't fuel injected...but manual. I'll have two tanks...one for regular diesel and the other for bio. You need to heat up around 200 degrees then switch over to bio. It burns smooth and your engine runs extremely easy and quiet.

 

It's a small science project to keep me busy this summer. I'll work out the kinks as I go but the key is keeping your fuel CLEAN. Even the smallest of crap in your fuel can wreck your engine.

[gocolts 300]

I think what I'm going to do next time around is buy a used diesel (mid-late 80s) probably a VW and put a conversion kit on it to burn bio-diesel. It's hard as hell to find decent used cars that get decent gas mileage. Plus, in my next of the universe it's a twenty minute drive to get anywhere.

Someone I know has a VW rabbit. When they drive it to work(gas station attendant) someone ask them if they want to sell it every single day now that the gas is so high.