frank 2,353 Posted May 30, 2015 It's a great thought, but it's not an option for buying large ticket items like cars for most people. People who earn $50k usually can't put together $20-30k for a car, but they can afford $300 a month for a payment for five years. IMO if you are making $50k and spend $30k on a car, you are a dumbass. I make more than that and I got a car I love for about $11k. But to each his own. That's what money is for. If you take care of bills, savings, and retirement, spend the rest any way you like. Share this post Link to post Share on other sites
BiPolarBear 497 Posted May 30, 2015 I just financed a 2015 Toyota Tacoma, $8K down, at 2.99%. My wife drives a 2012 Honda Accord. We financed that at 2%, I believe. You have excellent credit. People who try and skip out on their financial responsibilities get punished at every turn. When I sold cars, I had two guys in a row look at the same bare-bones Sonoma 4 cylinder truck. the first guys was going to drive out for a total cost of $15,000. The second guy is the one who bought...at $30,000. Share this post Link to post Share on other sites
Frank M 181 Posted May 30, 2015 You have excellent credit. People who try and skip out on their financial responsibilities get punished at every turn. When I sold cars, I had two guys in a row look at the same bare-bones Sonoma 4 cylinder truck. the first guys was going to drive out for a total cost of $15,000. The second guy is the one who bought...at $30,000. It's pretty good, high 700s, I think. Probably not quite as high as other geeks, but I have my large dong, six figure salary, and supermodel wife just like the rest of you guys, so I'm not too bummed about it. Share this post Link to post Share on other sites
MTSkiBum 1,626 Posted May 30, 2015 IMO if you are making $50k and spend $30k on a car, you are a dumbass. I make more than that and I got a car I love for about $11k. But to each his own. That's what money is for. If you take care of bills, savings, and retirement, spend the rest any way you like. Share this post Link to post Share on other sites
Frank M 181 Posted May 30, 2015 Mach5 Go, Speed Racer, go! Share this post Link to post Share on other sites
IGotWorms 4,063 Posted May 30, 2015 It's pretty good, high 700s, I think. Probably not quite as high as other geeks, but I have my large dong, six figure salary, and supermodel wife just like the rest of you guys, so I'm not too bummed about it. Man I didn't even know they had scores below 850 Share this post Link to post Share on other sites
Frank M 181 Posted May 30, 2015 IMO if you are making $50k and spend $30k on a car, you are a dumbass. I make more than that and I got a car I love for about $11k. But to each his own. That's what money is for. If you take care of bills, savings, and retirement, spend the rest any way you like. I get that. I've made more than that for quite some time now, and I've never bought a car for that much. And I drive them forever. The last two cars I drove (Honda Civic and Honda CRV), I drove each for ten years, and I would have driven them longer, but they were both totaled in accidents. I'm anti used car, though. Always have been. And anti lease. Talk about throwing money down the drain. Share this post Link to post Share on other sites
Frank M 181 Posted May 30, 2015 Man I didn't even know they had scores below 850 Share this post Link to post Share on other sites
IGotWorms 4,063 Posted May 30, 2015 Yeah I'm bummed too. Thought we could be friends Share this post Link to post Share on other sites
JTB 52 Posted May 30, 2015 A truck to haul my useless daughter around the state of Texas to rodeo competitions. When I DECIDE to go of course. Share this post Link to post Share on other sites
Djgb13 2,339 Posted May 30, 2015 It's pretty good, high 700s, I think. Probably not quite as high as other geeks, but I have my large dong, six figure salary, and supermodel wife just like the rest of you guys, so I'm not too bummed about it. Don't forget the porn star mistress on the side lol Share this post Link to post Share on other sites
Frank M 181 Posted May 30, 2015 Yeah I'm bummed too. Thought we could be friends I thought my fake scientist credentials held up well with your fake lawyer credentials. Your loss, pal. Share this post Link to post Share on other sites
Strike 6,030 Posted May 30, 2015 When I moved to CO I had a lot of money to spend, due to the housing bubble in CA that I was leaving. I bought a house and I needed an AWD/4WD vehicle for the snow. My S2000 wasn't going to be a reliable form of transportation in the winters here. Mortgage rates were about 6% at the time IIRC. I got my 4-runner with a 2.9% interest. I could have paid it off but I wanted to put as much down on the house as possible. So my options were to pay cash for the car and amortize that amount for 30 years, instead of putting a decent down payment on it and having a loan for just a few years at 3% less interest than my mortgage. I'd say I could afford the car despite having a loan on it, and that I made the right decision by doing so. I guess my point is that it's not a cut and dry issue. Like most issues there are many gray areas and exceptions to the rule. 2000 Honda S2000 2006 Toyota 4-runner Share this post Link to post Share on other sites
Bier Meister 1,773 Posted May 30, 2015 That was a similar circumstance to us. We moved from Marin to Breckenridge in 01. We bought my 330c outright. I wanted Mrs to keep my 99 328, but she thought we needed an SUV and we traded for a land rover (big mistake). My low riding rwd was excellent in the 7 month winter with good winter tires. So low mortgage and 1 reasonable car payment on the lr back then. Share this post Link to post Share on other sites
frank 2,353 Posted May 30, 2015 I agree that there are situations where it is actually smart to finance a car. Like Strike's situation above. Or if you are an average guy and your car craps out. You have to get to work. I just hate paying interest. Rich people do it because their money is put to better use elsewhere. Many poor people do it because they are buying more than they need. Almost everyone will need to make house payments. Many will need to make car payments. But sweet jeebus, some people finance TVs and furniture. Do without for 6 months and pay cash. Share this post Link to post Share on other sites
Eaglesin14 12 Posted May 30, 2015 2004 F250 Lariat for me. Has almost 300K miles on it and I will drive it til it drops. Wife gets a new company vehicle every two years. Right now it's a Chevy SUV of some kind, Equinox I think. Has all the bells and whistles, and company gas....so we use it for almost everything. Tried to keep the price at around $10-$11K for each of the kids. Son got an F150 when he turned 16. Has since bought my dad's 2000 F250 when he died. Has the 7.3l diesel, which is almost bulletproof......unlike my 6.0. Ten years old when he got it and only 40K miles. Oldest daughter has a 2008 Hyundai Santa Fe limited. Had an in with a relative who works for them. Got it in 2009 with about 12k miles. MSRP was around $29K, they were listed online for between $24-$25K. Got it for $16,100. Not had any issues and it has over 80k on it now. More than we wanted to spend, but couldn't pass up the deal. Middle daughter 2004 Toyota Highlander Limited. Bulletproof so far. Youngest daughter 2004 Mercedes SLK320. 2 seat hardtop convertible. Fun lil car to drive, and she is cute as a button in it. Bought an extended warranty with this one due to owning a BMW in the past. Have had zero issues in the two years she has been driving it. Share this post Link to post Share on other sites
Djgb13 2,339 Posted May 30, 2015 Youngest daughter 2004 Mercedes SLK320. 2 seat hardtop convertible. Fun lil car to drive, and she is cute as a button in it. Bought an extended warranty with this one due to owning a BMW in the past. Have had zero issues in the two years she has been driving it. My brother in law had something similar back in 05-06. Can't remember the exact model but it was a Mercedes hardtop convertable he had imported. $120,000 car and man the sucker could fly. Got to drive it a few times. My sister made him sell it cause he was about to get his license suspended from all the speeding tickets he had. Nice cars but personally too high maintanence for me and nowhere really to cut loose with those types of cars. Would rather have a truck I can take and have fun with. Share this post Link to post Share on other sites
Frozenbeernuts 2,424 Posted May 31, 2015 Had an 2008 mustang gt. Totaled it so i bought a used 2007 F 150 lariat. What a great truck. Got sick of the gas mileage though, so now i drive a 2012 chevy cruz. A small car but i like it. A large person would never be able to drive it though. Share this post Link to post Share on other sites
DankNuggs 305 Posted May 31, 2015 Just had to put $4500 into my wife's 08 Ford Escape which I liked up until a month ago when all hell started breaking loose. Want to wait until kid #2 before upgrading to a full size Acura MDX or the new Honda Pilot that comes out this year. Never again will I allow an unreliable car to be purchased Share this post Link to post Share on other sites
DankNuggs 305 Posted May 31, 2015 My brother in law had something similar back in 05-06. Can't remember the exact model but it was a Mercedes hardtop convertable he had imported. $120,000 car and man the sucker could fly. Got to drive it a few times. My sister made him sell it cause he was about to get his license suspended from all the speeding tickets he had. Nice cars but personally too high maintanence for me and nowhere really to cut loose with those types of cars. Would rather have a truck I can take and have fun with. I had a Mercedes SL vert from the 90s and it was awesome until it was terrible falling apart. The build quality was amazing for MB until the 90s and hasn't recovered yet Share this post Link to post Share on other sites
SUXBNME 1,622 Posted May 31, 2015 2006 Tacoma Prerunner. 1986 Toyota 4x4 Extra Cab Share this post Link to post Share on other sites
SUXBNME 1,622 Posted May 31, 2015 Just had to put $4500 into my wife's 08 Ford Escape which I liked up until a month ago when all hell started breaking loose. Want to wait until kid #2 before upgrading to a full size Acura MDX or the new Honda Pilot that comes out this year. Never again will I allow an unreliable car to be purchased The escape definately falls under the unreliable category. Share this post Link to post Share on other sites
Magnificent Bastard 192 Posted May 31, 2015 The escape definately falls under the unreliable category. Tell me more. Having to put money in to a 7 year old car doesn't mean it's unreliable. Share this post Link to post Share on other sites
MDC 8,066 Posted May 31, 2015 I drive a 2006 Volvo SE with almost 200k miles on it. I live 5 miles from my office so I may put 5,000 miles on ot per year. I will drive it til it drops. Wife has a 2008 Hyundai Elantra we bought 2-3 years ago with 30,000 miles on it for $9,000, paid cash. If I were as loaded as most geeks or had a long commute I would buy a nicer ride but a car for me is just a means to get from A to B. Share this post Link to post Share on other sites
SUXBNME 1,622 Posted May 31, 2015 Tell me more. Having to put money in to a 7 year old car doesn't mean it's unreliable. $4500.00? Unless the car is not maintained worth a crap, that's a pretty big hit for something that new. Share this post Link to post Share on other sites
SUXBNME 1,622 Posted May 31, 2015 I drive a 2006 Volvo SE with almost 200k miles on it. I live 5 miles from my office so I may put 5,000 miles on ot per year. I will drive it til it drops. Wife has a 2008 Hyundai Elantra we bought 2-3 years ago with 30,000 miles on it for $9,000, paid cash. If I were as loaded as most geeks or had a long commute I would buy a nicer ride but a car for me is just a means to get from A to B. Nothing wrong with either of those rides You're getting to the point on Volvo to where you might need to make some decisions on it. At least the commute is only 5 miles, so it's not like it's going to strand you that far from home or work. Share this post Link to post Share on other sites
Magnificent Bastard 192 Posted May 31, 2015 $4500.00? Unless the car is not maintained worth a crap, that's a pretty big hit for something that new. Need to know how many miles and how it was driven Share this post Link to post Share on other sites
SUXBNME 1,622 Posted May 31, 2015 Need to know how many miles and how it was driven Which is why I asked about the maintenence. Hopefully your 2013 and 2014 will be a lot more reliable than some of their earlier models. Share this post Link to post Share on other sites
Magnificent Bastard 192 Posted May 31, 2015 Which is why I asked about the maintenence. Hopefully your 2013 and 2014 will be a lot more reliable than some of their earlier models. Knock on wood Share this post Link to post Share on other sites
Djgb13 2,339 Posted May 31, 2015 Need to know how many miles and how it was driven Kind of why if you can afford it buy a new vehicle. I like knowing that I'm the sole owner of my truck and no one has focked with it in the past. Some people say it's smarter to buy a used one since the price is lower but if you're like me then you'd rather spend a couple more thousand on a new one. Share this post Link to post Share on other sites
SUXBNME 1,622 Posted May 31, 2015 Kind of why if you can afford it buy a new vehicle. I like knowing that I'm the sole owner of my truck and no one has focked with it in the past. Some people say it's smarter to buy a used one since the price is lower but if you're like me then you'd rather spend a couple more thousand on a new one. I prefer used, myself, but i totally know what you mean. The only thing I'd prolly never do is buy a new model it's first year out. (Especially if it's got a completely new powertrain) Share this post Link to post Share on other sites
rholio 340 Posted May 31, 2015 '92 ford Ranger 4x4. It's on it's 2nd engine, 3rd transmission, and will be on it's 3rd engine / 4th transmission sometime this year. Trying to find an Ecoboost 2.0 drivetrain (275hp) or 2.3 (285hp) to swap into it. It's a toy and daily driver, so trying to avoid putting a V8 into it. Share this post Link to post Share on other sites
DankNuggs 305 Posted May 31, 2015 $4500.00? Unless the car is not maintained worth a crap, that's a pretty big hit for something that new. Seriously, i take purchase and maintenance on my cars pretty seriously. I want to say she purchased it on impulse, but it wasn't really impulse as much as typical female emotional roller coaster. I kinda figured the day would come where it fell apart early, sucks. And it wasn't 4500. It's 5k (forgot the rotors, pads, abs rings) on a car I might get 6-7k in trade , maybe 8k private. Share this post Link to post Share on other sites
DankNuggs 305 Posted May 31, 2015 Need to know how many miles and how it was driven 125k on it, driven pretty tamely, wife is generally good on oil change intervals. A steering column failure and transmission failure are both big time fail. Wonder if she's had the timing belt changee. I can prob answer that Share this post Link to post Share on other sites
DankNuggs 305 Posted May 31, 2015 Kind of why if you can afford it buy a new vehicle. I like knowing that I'm the sole owner of my truck and no one has focked with it in the past. Some people say it's smarter to buy a used one since the price is lower but if you're like me then you'd rather spend a couple more thousand on a new one. I'm the opposite. I'll take a year or two old car, 25-30k miles for 65-75% of the cost. Just need to be wary of off lease cars cause chances are higher the maintenance has slipped. People who maintain their cars well keep paperwork of it. If you are patient you'll get a steal Share this post Link to post Share on other sites
tanatastic 2,062 Posted June 1, 2015 Leasing a new civic. Love it. Share this post Link to post Share on other sites
Gepetto 1,467 Posted June 1, 2015 2012 Jeep Grand Cherokee Overland 5.7L V8 Light Frost Beige interior, exterior: Brilliant Black Crystal Pearcoat that I brilliant blacked out the grill, mirrors and rear fascia with original parts like the Altitude edition has which was my idea given to Jeep that they went with. It's focking awesome. My parents drive a 2014 of the same vehicle, same colors, that has some cosmetic differences and interior upgraded nav screen. Picture of it is now my avatar. Share this post Link to post Share on other sites
Gepetto 1,467 Posted June 1, 2015 One for you and one for the wife? Bought my wife a 2014 keep grand Cherokee srt last year. She wanted an SUV type car but a more sporty one so we got her that Oh wow, nevermind, you have a better version of my Jeep already. What color is it? Sweet ride. Share this post Link to post Share on other sites
SUXBNME 1,622 Posted June 1, 2015 '92 ford Ranger 4x4. It's on it's 2nd engine, 3rd transmission, and will be on it's 3rd engine / 4th transmission sometime this year. Trying to find an Ecoboost 2.0 drivetrain (275hp) or 2.3 (285hp) to swap into it. It's a toy and daily driver, so trying to avoid putting a V8 into it. Damn, but I used to make some good money on the good old twin I beams back in the day. Cool that you still have it, though Share this post Link to post Share on other sites
