Recruiting Football Talk VIII

#166,504
#166,504
jave36 said:
There's a happy middle ground between a luxury car and an unreliable one lol. Like a 5 used Toyota.
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I'll buy a nice factory certified used car; wife's current car was a couple of years old. I'm fond of a warranty though, particularly given the repair costs of certain German brands.

I generally buy my trucks new, but I travel and time the buy to get them at a significant discount. Upwards of $15k off usually, although the most recent was more like $11k. Trade them very clean with low miles, so the equity is good, especially given the current used car market. The incremental cost isn't as bad as you might think. All my kids are grown so I can spend more on my wife and I than we did when they were at home. One of the few benefits of getting older.
 
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#166,505
#166,505
SSVol said:
I'll buy a nice factory certified used car; wife's current car was a couple of years old. I'm fond of a warranty though, particularly given the repair costs of certain German brands.

I generally buy my trucks new, but I travel and time the buy to get them at a significant discount. Upwards of $15k off usually, although the most recent was more like $11k. Trade them very clean with low miles, so the equity is good, especially given the current used car market. The incremental cost isn't as bad as you might think. All my kids are grown so I can spend more on my wife and I than we did when they were at home. One of the few benefits of getting older.
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If I had one car buying rule, it's never buy German. Holy smoke repair costs are insane. Never again.

Only problem with the constant trading is you always seem to have a car payment. But like you said, if the kids are gone and your career has gone well enough, you can spend extra money on cars. My primary financial goal is to stop working, so every month without a car payment gets me that much closer.

But ya, never ever German.
 
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#166,508
#166,508
TN-POSSUM said:
Oh, ok. Yep, those "luxury options" add up quick. I never thought I'd ever spend that kind of money on a vehicle.

I got bamboozled before I ever got in to the car lot. Like I said, that was some dang good cornbread. 😎
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That’s one of those rules to live by:

Never go into the grocery store hungry

Never go to the car lot when your wife is dead set on something.

You will get a bad deal every time in the name of “making her happy”
 
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#166,510
#166,510
jave36 said:
If I had one car buying rule, it's never buy German. Holy smoke repair costs are insane. Never again.

Only problem with the constant trading is you always seem to have a car payment. But like you said, if the kids are gone and your career has gone well enough, you can spend extra money on cars. My primary financial goal is to stop working, so every month without a car payment gets me that much closer.

But ya, never ever German.
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When Japan or the US builds a car like an M series BMW, I'll be happy to try it. I'm not opposed, I just haven't found anything I like better. But yes, that's why a warranty is a must.

I do like a US built truck though. Had a Mazda, a Nissan Frontier, and a Titan. They were fine. Bought my first GMC in 2014 and haven't looked back. I get half again better gas mileage with half again more HP. Not sure how that works, but that Titan wasn't anywhere near my GMC in virtually every measurement. Nissan may be better now, but I haven't had any reason to check.

As for working, I like working. I will work as long as I am physically and mentally able. I've seen too many people retire...then rust...then die. Gonna fight that.
 
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#166,512
#166,512
TN-POSSUM said:
Yep.

The real kicker..... her car was around $70000 and didn't come with a spare tire. They got 12 computers shoved in there but no room for a spare tire.

*I can't stand that car.... it's high dollar euro trash. In 35 years I've bought 3 trucks, 2 cars, 2 motorcycles, and 2 ATVs for myself that might total $70k.
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I was thinking about this the other day. I'd rather have an old 93ish F150/250 4x4 for so many reasons compared to the new stuff. . .
 
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#166,515
#166,515
Jackcrevol said:
$70K on a car is too much. Depreciates in value, and will break. Far often earlier than later. Ive always wanted an old 4X4, unfortunately they hold their value.

I see no way of spending $40K on something that will be a money pit.

Fun fact, Americans on average save less than 20% of earnings. Their debt to income ratio is among the highest in World.

Chinese families save over 50%, on average.

Think about that.

Are we entitled?
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Get ya a 98-01 Dodge Ram 1500/2500 or 93-95 Ford. You can get a good deal on Dodge for sure. That generation Ford is starting to go up (if you find a deal, get it). . . Dodge, some less than $5k. Put about $1k into cleaning it up (seats, headliner, massive lope cam, open headers, etc) and drive it til about 500k mi. Then sell it for what you have in it and do it again in 10 years, 😂
 
#166,519
#166,519
Jackcrevol said:
$70K on a car is too much. Depreciates in value, and will break. Far often earlier than later. Ive always wanted an old 4X4, unfortunately they hold their value.

I see no way of spending $40K on something that will be a money pit.

Fun fact, Americans on average save less than 20% of earnings. Their debt to income ratio is among the highest in World.

Chinese families save over 50%, on average.

Think about that.

Are we entitled?
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The culture here in America is money. People worship it, want to show it off, want to keep up / show they have more than their fellow man.

America prob has top 3 shallowest culture.
 
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#166,520
#166,520
LaagerVol said:
That’s one of those rules to live by:

Never go into the grocery store hungry

Never go to the car lot when your wife is dead set on something.

You will get a bad deal every time in the name of “making her happy”
Click to expand...
I know. Especially about the going to the grocery store hungry or getting a buggy at Walmart when we just need a couple of things. Both are budget breakers. 🤣

As far as buying a vehicle, that's the 3rd time it's happened to me going car shopping with her. She has zero negotiating skills and blows my approach out of the water. She tells the sales people everything.

*FYI......Harper's will not negotiate on price, so I was trying to wheel and deal with the finance department. I got them to throw in a sweet, stainless steel Tervis they had in the showroom display case. I sure showed them.
 
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#166,523
#166,523
Jackcrevol said:
$70K on a car is too much. Depreciates in value, and will break. Far often earlier than later. Ive always wanted an old 4X4, unfortunately they hold their value.

I see no way of spending $40K on something that will be a money pit.

Fun fact, Americans on average save less than 20% of earnings. Their debt to income ratio is among the highest in World.

Chinese families save over 50%, on average.

Think about that.

Are we entitled?
Click to expand...
I had to kick the habits of my parents, unfortunately after I'd already made unwise financial decisions. Thankfully, I still did it pretty early and paid off my truck several years early. Bought a used car cash for my wife when she needed an upgrade. Sold the boat even though it was paid off.

I have no interest in flaunting. I know if I'm patient and keep working my butt off we will get where we want to be.
 
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