car payments?!

[Spazdog]

Originally Posted By: Ramblin Fever
Originally Posted By: Spazdog
You can't get a truck. Truck is a luxury.


You gonna willingly say this to the construction company that just hired you and requires that you own a truck or full size van which can NOT be had, brand-new for the same cheap price you can get a car.

I would've loved to see the faces of all the contractors I've worked for over the years by suggesting, hey, a truck is a luxury that I don't need for work.

Go ahead and load up a trunk full of tile, or hook a backhoe trailer to your car, we'll see how far it'll get you.

Not aiming to be rude, but there are ranchers, farmers, construction workers, even retired people who DO have an absolute need for a good strong truck in order to survive and make their living....have you seen a modern 4 dr *car* towing a 4 stall horse trailer?


That part of my post was tongue in cheek. Not to be taken seriously. I was making fun of Dave Ramsey's "this and that is a luxury" thing. I'm not honestly suggesting anyone go hacksaw the roof of their car off and JB Weld in a 5th wheel on the floor of a Geo Metro.

But I did tow my 14' boat with a 1991 Honda Civic LX. Quite well I might add.

 

[mpvue]

Originally Posted By: Ramblin Fever
Originally Posted By: Spazdog
You can't get a truck. Truck is a luxury.


You gonna willingly say this to the construction company that just hired you and requires that you own a truck or full size van which can NOT be had, brand-new for the same cheap price you can get a car.

I would've loved to see the faces of all the contractors I've worked for over the years by suggesting, hey, a truck is a luxury that I don't need for work.

Go ahead and load up a trunk full of tile, or hook a backhoe trailer to your car, we'll see how far it'll get you.

Not aiming to be rude, but there are ranchers, farmers, construction workers, even retired people who DO have an absolute need for a good strong truck in order to survive and make their living....have you seen a modern 4 dr *car* towing a 4 stall horse trailer?


Ramblin, I think he was trying to be sarcastic, in reference to that link about the guy saying how you can go w/o a car payment.

I agree w/ your point about a truck. if I needed a work truck, I would get a used one because of the beating it would take. my example might not work for everyone, it's just my situation.

 

[LS2JSTS]

As a business owner that routinely buys new trucks and cars on a regular basis...I think many in here are forgetting the huge disparity in tax implications between buying/leasing new and used. We rotate new trucks every three to four years and the numbers after depreciation/deductions work out pretty well buying new.

But that is just my situation. And as others have pointed out, this whole argument is about a personal situation and circumstances. No ONE way is the right way or the wrong way.

 

[calvin1]

Originally Posted By: LS2JSTS
As a business owner that routinely buys new trucks and cars on a regular basis...I think many in here are forgetting the huge disparity in tax implications between buying/leasing new and used. We rotate new trucks every three to four years and the numbers after depreciation/deductions work out pretty well buying new.

But that is just my situation. And as others have pointed out, this whole argument is about a personal situation and circumstances. No ONE way is the right way or the wrong way.
Having a line on my 1040a for all my transportation expenses would be a game changer. My company's P&L has line items for Vehicle and Equipment Operating, Maintenance and Depreciation that come off the bottom line and hence the tax liability. If I could do the same personally I would definitely take advantage of it and might feel entirely different about feeding a note every month.

 

[D189379]

Why in the world would anyone pay cash for a brand new vehicle? 0% interest payments are pretty common from almost any manufacturer.

 

[javacontour]

Originally Posted By: D189379
Why in the world would anyone pay cash for a brand new vehicle? 0% interest payments are pretty common from almost any manufacturer.


It depends on which is a better deal. Unless you are getting all the rebates AND ZERO percent, you may be better off with the rebate.

Even if value of the low APR is more than the rebate, with the rebate, you lock in the savings today. With the low APR, you have to go the entire term of the loan to get the savings. Therefor, if you have a lemon, or the car is totalled, while it will be paid off by insurance (hopefully) you don't realize the full benefit of the low APR loan.

It's probably nitpicking at that point, but there is a credible argument for taking the rebate as it locks in the savings today.

 

[D189379]

Originally Posted By: javacontour
Originally Posted By: D189379
Why in the world would anyone pay cash for a brand new vehicle? 0% interest payments are pretty common from almost any manufacturer.


It depends on which is a better deal. Unless you are getting all the rebates AND ZERO percent, you may be better off with the rebate.

Even if value of the low APR is more than the rebate, with the rebate, you lock in the savings today. With the low APR, you have to go the entire term of the loan to get the savings. Therefor, if you have a lemon, or the car is totalled, while it will be paid off by insurance (hopefully) you don't realize the full benefit of the low APR loan.

It's probably nitpicking at that point, but there is a credible argument for taking the rebate as it locks in the savings today.


I didn't realize they still seperated them. When I bought mine I knew the rebates so I got both 0% and 3500 off. There was no further discount for paying cash.

 

[Ramblin Fever]

Originally Posted By: D189379
Why in the world would anyone pay cash for a brand new vehicle? 0% interest payments are pretty common from almost any manufacturer.


Yeah....but you have to have perfect A+ credit to get 0% financing don't you?

I know I'm not the only one in this world with [censored] medical insurance, thus a couple thousand dollars in medical bills for the [censored] insurance companies no longer cover.

 

[Ramblin Fever]

Originally Posted By: Spazdog

But I did tow my 14' boat with a 1991 Honda Civic LX. Quite well I might add.


I would pay to see that....bet that was cool.

Our 20' boat weighs in at 4,000lbs, my last toyota p/up was a 4-cyl; it could move it across the yard, but it couldn't pull it up the street.

We're talking Colorado elevation here though where we have steep mountain inclines.

Now our V6 3.2L rodeo pulls it pretty good, but the rodeo weighs near 6,000lb

 

[Spazdog]

Originally Posted By: Ramblin Fever
Originally Posted By: Spazdog

But I did tow my 14' boat with a 1991 Honda Civic LX. Quite well I might add.


I would pay to see that....bet that was cool.

Our 20' boat weighs in at 4,000lbs, my last toyota p/up was a 4-cyl; it could move it across the yard, but it couldn't pull it up the street.

We're talking Colorado elevation here though where we have steep mountain inclines.

Now our V6 3.2L rodeo pulls it pretty good, but the rodeo weighs near 6,000lb

Well, to be fair it is a Sailboat. A Sunfish. Hull weighed maybe 150lbs. Mast, spars, rudder, daggerboard, sail, rigging, trailer and all necessary gear is probably....

500lbs

Anybody can make a boat with a motor go where they want it to. It takes skill to do it with wind.

I dragged the hull across the mud by myself to the trailer when an old 70's conversion van broke down on the ramp trying to pull out a ski boat worth 50x more than the van was. (not picking on the van. I'm sure it lived a rich and storied full life and just expired from natural causes... and blocked the ramp for all the boaters parked on that side of the lake) Girlfriend at the time wasn't too happy about having to trek through the muck but we weren't stuck waiting.

 

[MarkM66]

Originally Posted By: D189379
I didn't realize they still seperated them. When I bought mine I knew the rebates so I got both 0% and 3500 off. There was no further discount for paying cash.

What kind of car?

My experience with GM, it's one or the other. Take the rebate incentives or take the low interest rate.

 

[D189379]

It was a Nissan Frontier.