The stock market has returned about 10% annually since 1926...nearly 100 years.
Seems like a pretty sure thing to me but you're right... theoretically, nothing is forever I suppose.
Used Vehicle Insights
- Thread starter 13COBRA
- Start date
The stock market has returned about 10% annually since 1926...nearly 100 years.
Seems like a pretty sure thing to me but you're right... theoretically, nothing is forever I suppose.
Are we talking about other people or YOU?
Anyone not "responsibile enough" likely doesn't have $60k cash in the first place.
The dollar amount is irrelevant. Not every vehicle costs $60k. People obtain $$$$ in all sorts of ways (cash out 401k, inheritance, gambling, etc..,) but what they do with it is what counts. You need to be pragmatic. Many factors come into play when deciding to pay out right for a car or take a note out on it.
Me? I don't squander money on crap to the level of other people. I prefer to make my money grow and I like having something of actual intrinsic value but that's just me. Recall the uproar and demand from two years ago about how the government needed to give people stimulus checks, halt evictions, etc.., If such a small amount of money changed one's survival odds (and it did) something was wrong.
Just paid cash for a 2020 F150 XLT 4X4 with 18K miles. You can figure out roughly what we paid from the description of the truck. We must be broke and not have any investments according to some of you on here lol. You can invest AND save up for a new vehicle.
Sure my wife and I could invest every cent we make and borrow our way through life, but that's not what we choose to do. Nothing sucks worse than stroking an $800 car note check every month for 5 years...
Sure my wife and I could invest every cent we make and borrow our way through life, but that's not what we choose to do. Nothing sucks worse than stroking an $800 car note check every month for 5 years...
I'm sure that's all relative to income. Someone making $10k a month probably would not flinch at an $800 car payment.
In a few years we will look back on the idea of flipping used cars for a profit as a sign of the retarded times.
Eventually the game of musical chairs stops and a lot of people will be stuck financing their negative equity. If they are rational they will default.
Eventually the game of musical chairs stops and a lot of people will be stuck financing their negative equity. If they are rational they will default.
And yet Mach Es cannot even bring MSRP.
Used XLT? Go be poor elsewhere, peasant.
jk
I get it. I had a note for a few years on my wifes expedition. Ended up paying it off early just get rid of the note. Could of put that more into investments but at the same time those were/are doing well and I just wanted to have no payments for a bit.
To me, there's no wrong or right way to do it. As long as you don't have 400 in savings and are buying a 50k truck praying for no issues
Pay it off right away? Cool.
Put some down, finance the rest, to invest the remaining? Cool.
Mach E's are currently selling for $5-15k OVER MSRP dealer to dealer.
You should hang out on bat and c&b. I think it was on c&b that an untitled did not even hit sticker.
64k sold for 62k. It's a 2021 but still. year old RAV4s are selling >msrp.
.jpg?t=164270203937)
2021 Ford Mustang Mach-E GT - ~75 Miles, Brand New and Never Titled, 480-hp EV, AWD
This 2021 Ford Mustang Mach-E GT is for sale on Cars & Bids! Auction ends February 2 2022.
64k sold for 62k. It's a 2021 but still. year old RAV4s are selling >msrp.
2021 Ford Mustang Mach-E GT - ~75 Miles, Brand New and Never Titled, 480-hp EV, AWD
This 2021 Ford Mustang Mach-E GT is for sale on Cars & Bids! Auction ends February 2 2022.carsandbids.com
I'm not interested in paying MSRP for a pre-owned vehicle.
I'm sayin that NEW ones are selling for well over MSRP dealer to dealer. For example, here's one that sold it 45 minutes.
Pros and cons exist for every option but who knows best for your position than you?
You do have to take the tax credit into account with these deals though.64k sold for 62k. It's a 2021 but still. year old RAV4s are selling >msrp.
2021 Ford Mustang Mach-E GT - ~75 Miles, Brand New and Never Titled, 480-hp EV, AWD
This 2021 Ford Mustang Mach-E GT is for sale on Cars & Bids! Auction ends February 2 2022.
I'm considering selling the 2020 F250 Tremor, and just keeping the 2010 Ranger and 1996 Bronco. I bet I could get a lot for the Tremor in this market.
if you bought new or near new lately you can definitely keep riding the wave.
I fell behind the value 8ball when I kept my truck past 100k it seems. If it was a 4x4 it might be a little different story. At this point seems like I might just ride it into the ground.
edit: @13COBRA - outside of bugging someone like you what's the best way to see what your used vehicle is actually work? Carvana or someone would offer me 12.5 for my truck, glancing at cars.com I see similar trucks and mileage listed by dealers more in the 19-20 range.
I fell behind the value 8ball when I kept my truck past 100k it seems. If it was a 4x4 it might be a little different story. At this point seems like I might just ride it into the ground.
edit: @13COBRA - outside of bugging someone like you what's the best way to see what your used vehicle is actually work? Carvana or someone would offer me 12.5 for my truck, glancing at cars.com I see similar trucks and mileage listed by dealers more in the 19-20 range.
Way to call me poor without calling me poor lol. Since you assumed, i'll just tell you we gross right at $17.5K a month.
I'll wear that peasant badge proudly lol. Hell, I'd still drive my old 06' F150 XLT with 161K miles a few more years if it wasn't rusted out so bad.
Users who are viewing this thread
