OP
OP
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- #166
amen to that (obviously aside from 2.7l valves). I'm vintage 1948 - I promise you driving around in the 60s -70s, you didn't go 5 miles without seeing some car stranded on the side of the road.
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Whoa, Nellie! Avg monthly payment > $700.
- Thread starter Carolina Jim
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I bought my brother in laws 2010 Fusion Hybrid last summer when the MIC top debacle happened and then my ADM shitshow-it had 213K Miles on it and I put about 2.5K miles on it over the time I had it. Outside of having to replace the calipers on it, it still ran great and looked good on the inside-the outside was a bit rough with the rocker panels rotting out and him not taking that great care of it, but with some TLC and me detailing it, I actually sold it for 3X what I paid him for it when my Bronco came in.
It was my favorite unexpected car purchase so far in my life LOL
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More Than 12% of New Car Payments Top $1000 a Month
https://www.caranddriver.com/news/a40489386/new-car-payments-over-a-thousand-dollars/
- Banned
- #169
Like always there were some models that had issues, Vega 1st one that comes to mind. Most of the folks that I know, that have had issues, do not take care of their vehicles. The cars I had in the 60-90s were good trucks. Suburbans, biggest issues were some electronics with my 1995. Drive train, etc. had no issues. Towed a 25 ft boot many miles, etc.
OP
OP
- Thread starter
- #170
My clocks were never right more than twice a day
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i just traded in a 9yr old ford flex with 150k on it and wrote a check for 26k for my bronco, i don't belong to the book of the month club, if i can't pay for it, i don't get it.
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For me the biggest issue with financing a vehicle (which people rarely, if ever, talk about) is the overall question of affordability. I'm not talking about "can you make the monthly payment" as much as I am "what price should you be paying in the first place."
When you stroke one big check you put a whole lot more thought into the total price of what you're buying than if you undertake the more (relatively) abstract idea of a monthly payment. I think its easier for most people to significantly "slippery ramp" the price of a vehicle purchase based on the operation of a monthly payment (and, derivatively, the "insignificant" increase in the amount of a monthly payment when you are looking at even pricier models) than when they are paying up front.
From a personal finance perspective, affordability really is the most important question, both for your monthly budget and net worth. When people finance, I think they are naturally inclined to play "fast and lose" with both of those issues. When you pay cash, you've basically put both issues to bed right in the beginning and you don't have to think about either again.
Mud Dawg
When you stroke one big check you put a whole lot more thought into the total price of what you're buying than if you undertake the more (relatively) abstract idea of a monthly payment. I think its easier for most people to significantly "slippery ramp" the price of a vehicle purchase based on the operation of a monthly payment (and, derivatively, the "insignificant" increase in the amount of a monthly payment when you are looking at even pricier models) than when they are paying up front.
From a personal finance perspective, affordability really is the most important question, both for your monthly budget and net worth. When people finance, I think they are naturally inclined to play "fast and lose" with both of those issues. When you pay cash, you've basically put both issues to bed right in the beginning and you don't have to think about either again.
Mud Dawg
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Yep - that's it, easy peasy...
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Listen to this poster. Wise words. The repo train is coming. Don’t get on board.
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Right there with you - Navy. 2dr, Badlands...Bought it as a retirement gift to myself. Retired from the Air Force back in 2007 and about to retire from the Air Force again (civil service) in a few months. After 37 years of service, I'm looking forward to being off the clock. I've never ordered a new vehicle in my life, so this has been quite the experience. Plan on visiting many National Parks, camping, fishing, hiking in retirement.
Happy 4th of July to everyone. God bless.
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The scary thing is it's not that high because it costs that much. It's because the value of the dollar is so low it takes that much to make up the difference.
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I have 0 cash in the bank. They don't get to make $$$ off me. I also don't 'overpay' my Federal taxes for a big 'Tax Return' check, again - they don't get to make $$$ off me. 7 years ago, I would've done a modest down payment. Since this time last year, nope. I'll take the money while interest rates are still below 4% - assuming my Badlands gets here in the next 45 days... tick - tock. I live in SoCal (not born or raised here so - no bagging on me) and bought a home 12/2011. Since then, the value is up 200%. Even in 'reality', it should retract back to around 125%. Liquidity is important, cash on hand is important. Banks can stop dispensing during rough times and... clouds are looming. Best to shutter the windows and only go out for food and gas.
Hoping everyone gets their Bronco sooner than they expect.
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Looks like you'll be working a wwwwwhiiiiiiiiillllleeee longer...
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A couple of YouTubers did MPG tests in 'Normal' and 'Eco' mode and found Normal actually did better. I know 'All Terrain Nation' did one, I forget the other channel.... you must get 21-21 per gal...
Spouse and I are both retired. Traded an 11 month old Bronco Sport in for my BB bronco last Monday. Financed $29000 at 1.85% for 60 months. Total interest to be paid...$1380. I can live with that. I'll probably trade or sell within 2 years anyway. Being retired, monthly payments matter, but so does interest and length of the loan. If someone can afford high car payments, I'm happy for them. It's all about perspective. What's important to some isn't as important to others. Hopefully the next couple of years won't drain us too badly before there's a change.
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