i mean if you are making 500k per year, buying a new Yukon Denali every three years isn’t gonna put a dent in your wealth. If you are making 100k per year, it definitely will.
“I need a new car because” blah blah blah thread
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This here is the best advice ever. I've had great luck buying model years before a refresh (2006 S60, 2016 LaCrosse) and the worse luck with a brand spanking new model (2003 9-3 - still get the chills thinking about everything that went wrong with it- fortunately all covered under warranty - GM must have lost a bundle on every new Saab it sold that year).
I always like when someone randomly drops what tax bracket they're in.
I had a company provided vehicle for 32 years. Out of all those new ones, I bought one for my wife. It was a 2006 Chrysler T&C that was just exceptional and reliable as a stone. We put 186K on it before trading it in on a Mazda 5. Gas was high at the end and she grew tired of taking it to the pump for $60.00 fill ups. New vehicles are great at first, but after so many I got to where I would just rather drive my 65 VW bug or my 90 Ranger XLT. They both have served me well, especially the bug.
Unless it's some exotic or exciting sports car, why would anyone want to drive the same car for 200,000 miles. I mean, I love pizza, but I wouldn't want to eat it every day of the year.
OVERKILL
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Definitely a class favourite.
there is nothing wrong of buying a new car then keep it for 10 years for example; however, if you cannot afford a new wheels and your are keeping it for 3 years and go from oner car to another, racking all negative equity in the process then you're ridiculous
i'm not surprised with people decisions of keeping a car well over 200K, i'm doing the same; I like cars too but even more I like myself; after all its just a car, and you will lose equity in it anyways
i'm not surprised with people decisions of keeping a car well over 200K, i'm doing the same; I like cars too but even more I like myself; after all its just a car, and you will lose equity in it anyways
no, he was just puling your leg!
i like not having a car payment, now that i finally kept a new car long enough to experience the feeling. i picked a vehicle i expect to last a long time (6.0 gas 2500HD), so I hope to resist the temptation for a new one for many years.
AutoMechanic
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We only bought a new car back in 2017 because we got a good price and because my mom got upset her coworkers had new stuff and she didn’t so she bought the car with her money. If we get a new car it’s new to us we refuse to buy anything 2018+ especially if it’s loaded with junk. I’d rather work on one once in awhile than have all these things fail or malfunction. I don’t know a mechanic that drives or prefers a new car if I did I wouldn’t trust them and no mechanic I know would. Also who wants a car payment? Certainly not me. I’ve talked several people out of buying brand new cars after explaining and telling them about the issues they have and I commonly fix.
They are not really in a single bracket because income is taxed at progressive levels. You can be in the 35% bracket by a dollar or a billion dollars. The rest of your income is taxes at all the lower rates. Further complications ensue from sources of income. Its so complex that quoting a tax bracket is preposterous. Just say i made some good money last year and leave it at that.
I don’t need a new car, I want one. Make it a Porsche Panamera Turbo S...time to log off. Gotta work tomorrow.
Ironic part of my circle of friends and family is, they spend money on nice new cars but still have tons of money! I cheap out on ancient vehicles, and spend shameful amount of hours fixing them to save money, but they all have way more money than me!
That sound all well and good but the millions of miles on 20 weights tell a different story...
Oh yeah, I miss fatwallet. You can just detail the car. I wonder what they say when they go to the hospital? There are people who die in there and expel all kinds of bodily fluid. They don't throw the hospital away afterwards, they just clean and disinfect. I remember one tenant who wanted a new toilet because of course it had been used. Just told them to clean and disinfect it if they were that worried about it, same as the hospitals. But they could always just change out the toilet seat, probably why so many sets get sold.
For years I drove mostly older cars knowing if something went wrong either I could do the repair or my friend that worked in a junk yard or friend that worked as a mechanic at Ford dealership would fix it on a weekend as a side job and usually charge very little. When I drove my '88 Ford Escort that went 518K miles I did 99% of my own repairs and replaced parts with lifetime warranty parts so if it went bad again all I had invested was my time to replace the part. Now that I'm older and have chronic back pain I'm starting to buy newer low mileage cars that aren't likely to need much more than regular maintenance for a few years. In Feb. 2019 I bought my '16 Nissan Versa with a rebuilt title and 10K miles for $5300. Other than the title issue it's nearly like a new car. It's currently got about 27K miles and has been absolutely problem free. I've still got a couple older cars with 200K+ miles but if they turn into money pits I'll get rid of them. There are still things that I can do when my back isn't bothering me to bad and by having other cars to fall back on I can do the work when I feel like it. I'm 61 years old and have bought 3 new cars in my life. One was my first car in 1977, one in 1984 and the last one in 1997. Most used ones have been well below 100K miles at time of purchase with some well under 50K. I don't begrudge anyone buying a new car if they can afford it and that's what they want but, many people that can't afford new buy them anyway then end up losing the car and all the money they have invested in it.
If someone gets rid of a car they like just because it needs brakes or tires, that's dumb, but if the real reason is they want a different car and the one they have now will need money spent on brakes and tires, that makes sense. I'm generally not going to spend a lot of money on something I would like to just replace anyway.
exactly. if your car needs brakes and tires and otherwise meets your needs, replace your brakes and tires. if you have been leaning toward a new car for awhile and now your old car will need brakes and tires soon, now is the time to get a new car ...
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