Financial graphic comparison of buying a new or used car

At 50 years of age-you don't have the reflexes of a 25 year old nor can you beat ABS.
But ...hey we can disagree.
Experience counts for something? :LOL: No? that's what my kids tell me, until they need something fixed...
My example was, if you were going 50 you could out stop the same car with ABS going 55. So I try to use my experience to notice when I could need to do a panic stop, and slow down a bit in preparation. Works even better with ABS of course, but even with ABS I don't have it clicking 42 times a second, its just helps me threshold brake better!
 
Experience counts for something? :LOL: No? that's what my kids tell me, until they need something fixed...
My example was, if you were going 50 you could out stop the same car with ABS going 55. So I try to use my experience to notice when I could need to do a panic stop, and slow down a bit in preparation. Works even better with ABS of course, but even with ABS I don't have it clicking 42 times a second, its just helps me threshold brake better!

No experience really doesn't -that's a fallacy and why some feel on here they are the world's greatest drivers.
Scroll towards middle of page-
https://www.chainlaw.com/what-age-group-causes-the-most-car-accidents/
 
How can the dealer sell this Ram pickup as new with over 6,000 miles?

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My Mazdaspeed had over 200 miles on it when I bought it. It never worried me. I kept it for almost 9 years and 158k miles.
 
Lying?
Who cares. Some idiot who can't afford it will pay 10.5% on a shiite loan for a $112K truck. WOW
Yeah, purchases like this keeps a few young working guys from every buying a house or property... Or until they get older and wiser.
On of my buddy's not so bright relatives bought a 2 yr old ram classic 1500 reg cab short box (4x4 at least), with some huge bling rims, financed for 5 years to something like $70k in total... With gas and depreciation from the high miles he does, its probably going cost him near $20k per year and then he's left with $15k yr old truck that's not that useful for truck stuff...
 
Yeah, purchases like this keeps a few young working guys from every buying a house or property... Or until they get older and wiser.
On of my buddy's not so bright relatives bought a 2 yr old ram classic 1500 reg cab short box (4x4 at least), with some huge bling rims, financed for 5 years to something like $70k in total... With gas and depreciation from the high miles he does, its probably going cost him near $20k per year and then he's left with $15k yr old truck that's not that useful for truck stuff...
About 10 years ago we had an apprentice who got married, had two kids, and his wife came accross some money from an inheritance. The first thing they did was buy a fully loaded Cadilac Escalade. They also blew money on trips and some other stuff I can't recall. Most of us thought it was a mistake. At the time he thought he knew it all. His head was so big it barely fit thru the doorway. He then proceeded to quit, and tried to change his career.
Fast forward to last week. He came back to work because he says he needs a "steady paycheck".
BTW, the Escalade is long gone. LMAO

The moral of the story is yes, it's nice to have an expensive vehicle, IF YOU CAN AFFORD IT.

I certainly hope him and his wife learned a lesson, and I think they are still young enough to recover from money mismanagement. They could have been so far ahead had they invested that money wisely!
 
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Another day on this forum. Where buying a new vehicle is a curse- supposedly. This is why financial literacy needs to be taught in schools. Some people who buy new vehicles are smart- some are dumb. However- neither case is anybody else's business!
 
Another day on this forum. Where buying a new vehicle is a curse- supposedly. This is why financial literacy needs to be taught in schools. Some people who buy new vehicles are smart- some are dumb. However- neither case is anybody else's business!
We can agree that buying new is not a wealth builder and majority of people stifles them in that journey.
 
One of our adult daughters needed some unplanned emergency dental work that her insurance only covered $1800. To the tune of $50K yeah I know. You can’t even borrow that much from some medical loan companies if you have under 700 credit score and the rates even if 800 are around 12%. Oooof.
 
One of our adult daughters needed some unplanned emergency dental work that her insurance only covered $1800. To the tune of $50K yeah I know. You can’t even borrow that much from some medical loan companies if you have under 700 credit score and the rates even if 800 are around 12%. Oooof.

What happened ?

Just curious…
 
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