Whoa, Nellie! Avg monthly payment > $700.

[hozer]

I’ve known a lot of dudes that were the smartest men in the room. They played the interest rate borrowing game with vehicles, lost a job, or had an unexpected expense come up. First thing to go is an over-leveraged vehicle payment. Y’allliving on borrowed money better not stub your toe wrong, or it could all come crashing down. But, to each their own.

Don't disagree, but that's a function of borrowing the money more than once.

All things equal taking a loan that cheap is always the play. It's 50k either way you can either afford it or not, folks over leveraged have just borrowed outside their means

Sponsored

 

[Kramku1]

Don‘t be mad because some of us have our sh$t together.

 

[Sherminiator]

I’ve known a lot of dudes that were the smartest men in the room. They played the interest rate borrowing game with vehicles, lost a job, or had an unexpected expense come up. First thing to go is an over-leveraged vehicle payment. Y’allliving on borrowed money better not stub your toe wrong, or it could all come crashing down. But, to each their own.

Exactly-I’d rather have a lower payment then worrying about making a $800+ a month payment if something goes sideways.

outside of my Bronco, my only other major bill is a mortgage payment. I have a decent 401k/investments and money in the bank in savings too.

 

[Osky305]

I read all 8 pages and from what I gather most of you are over 50 and retired! Congrats!

I'm 27

 

[calgecko]

I read all 8 pages and from what I gather most of you are over 50 and retired! Congrats!

i'm 52. nowhere close to retirement

 

[Yukon65006]

I read all 8 pages and from what I gather most of you are over 50 and retired! Congrats!

54 and last day of work is next Friday. Only working 4 of the next 9 days.

 

[Ground_zero298]

I read all 8 pages and from what I gather most of you are over 50 and retired! Congrats!

Lol. 45 and putting in 80-90 a week here. Funds my bronco ocd issue. That’s what I look forward to doing on the weekend if I can set some time aside. Sunday morning is usually install something on the bronco time. Running out of parts to put on it. May have to actually start using it.

 

[Kramku1]

I'm 27

Great age tear it up like I used to with my land Rover 30yr ago

 

[AZ_Liberty]

Does your expedition get at least 10 miles to the gallon? My Bronco gets between 20 and 21 mpg.

They Expy gets 15.4 in city traffic if my wife drives.
I get 16.5 in city traffic.
Open freeway doing 85 (posted 75) I get around 18 until I hit the mountains, then it drops back to the mid 16's.

3-valve Triton 5.4 . 2-weel drive Expedition EL. Weighs 6000 lbs.

If my Bronco gets 21 I'll be pretty happy. I did order a stick, which will help a lot.

 

[Omarius]

I love how it’s always the “I pay cash for my car” people that pontificate in these type of threads. I’d rather stay as liquid as possible with a looming recession. The cash is for time critical, once in a blue moon, get in now type of deals. Not buying a dumb car. If you can pay adm, you should gladly pay the interest to keep your 50k in your pocket.

 

[Ground_zero298]

I love how it’s always the “I pay cash for my car” people that pontificate in these type of threads. I’d rather stay as liquid as possible with a looming recession. The cash is for time critical, once in a blue moon, get in now type of deals. Not buying a dumb car. If you can pay adm, you should gladly pay the interest to keep your 50k in your pocket.

Same here. Try to hold as much cash as possible. I always weigh between the interest and how much I can make investing what I would have paid cash. Usually a no brainer. Medium purchases (2-4k) I use affirm for a year. Most my funds are invested in hardware and ammo. Will be the only currency when shit goes sideways. Covid was great. My little nest egg of hardware has increased dramatically since that bs. Saving now for Black Friday. Figure we will see some killer deals because most will not be able to afford stuff.

But that’s just me. I can understand that other prefer no bills. That’s how my parents are.

 

[Kramku1]

They Expy gets 15.4 in city traffic if my wife drives.
I get 16.5 in city traffic.
Open freeway doing 85 (posted 75) I get around 18 until I hit the mountains, then it drops back to the mid 16's.

3-valve Triton 5.4 . 2-weel drive Expedition EL. Weighs 6000 lbs.

If my Bronco gets 21 I'll be pretty happy. I did order a stick, which will help a lot.

Driving defensively 19 in town 19-20 highway (still running in) 18 driving like I want, better than I was expecting.

 

[Silver Wraith]

Yup seems to be in the last 18 months……. Strange…….hmmmmmmmm

Hey, did the current administration create the inflation being experienced in other countries too? Do tell.

 

[M4Madness]

54 and last day of work is next Friday. Only working 4 of the next 9 days.

54 here and planning to work until 70. LOL!

 

[Limecreek]

I haven't financed a car or motorcycle since I was in my 20's. Years ago, I decided that I did not want to go into debt for depreciable assets. I could either pay for it in cash or I could wait. And that has not changed in 35 years. Not judging - it is just what I decided to do.

Sponsored