Sell when Basic Warranty Expires

  • Thread starter Thread starter Al
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oil pan 4 said:
If you're a narcissist and knowing that you're kids will likely have less opportunity plus work harder than you and that strokes your ego then go for it.
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Grow up. Learn to spell. Learn to make a point without getting personal.

Perhaps you will have more opportunity than you currently do.

Perhaps you will learn to take responsibility for your own future.

But I doubt it.

My kids are doing fine, by the way, thanks for your concern.
 
oil pan 4 said:
If you're a narcissist and knowing that you're kids will likely have less opportunity plus work harder than you and that strokes your ego then go for it.
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Scary thing is I can see your logic and it is telepathic but not many people in America care to listen. They make fun of someone buying Jordan and rims while living in apartments but they buy empty expensive vacations and expensive items that look just like other expensive items they already have but won’t even take the time to set their kids and grandkids to great generational wealth. That is why people keep having to start a new mortgage, if they are lucky, when their families had been here for 5+ generations and all had house before.

I know a guy that convinced his wife to spend all of her inheritance on several expensive vacations that involved his kids from other marriages. She spent over $300k within 3.5 years on vacations. They just pulled some equity out of their house via a line of credit at 8.75% to book a cruise for themselves, her two kids from another marriage, his underage kid from his previous marriage. His rationale is that 8.75% rate is much cheaper than the 27% of credit card. I priced the trip as if we were going and put some toward vehicle maintenance fund and some toward saving. I did also purchased a new iPad for $250 at Costco and enjoy tons of cruise videos without dealing with the hassles and stresses of being in the middle of the ocean with a bunch of strangers and without my survival gears.

Of course, I have no opinion about OP since his finance could be great and he may had been extra frugal during his youth like I am now. I personally would make one change once I am 78, if I am still of sound mind and shape, and that is to have others do my oil changes. My opinion is switching nee cars often is for people with at least $2.5 millions asset minimum. Just buy a Lexus and a maintenance plan and be set. Or get an EV and extended warranty.
 
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I drive ‘em until the wheels fall off, warranty or not. With that said, when I’m in my 70’s, that ideology may change. 🤔
Do what works for you, not what works for others. 😉🍻
@skyactiv, your little joke has made this thread escalate quickly. 😂
 
Not everyone can afford to buy a new vehicle, so they may shop for used. OP is making it possible for someone to buy his used vehicle every time he buys a new one. It looks like a win-win situation to me. Both parties are willing buyers.
 
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Al said:
At the age of 78 and being financially good (not wealthy) this method is not for everyone.

I did this with a '16 Spark, '19 Crosstrek, and '22 Forester. If I am still alive, next up will be a'27WRX.

My '22 needed tires- I buy top end tires so $1300+, CVT oil change (+400), Walnut blasting in the 1 year future. Also the Basic warranty. Its hard to put a price on that. So all in all this method keeps me with new vechicles, latest safety and zero repairs.

Why am I posting this? BC its an exciting saturday nite. :rolleyes:
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It sounds you have found the way that works best for you, well done, enjoy!
 
M1Accord said:
Scary thing is I can see your logic and it is telepathic but not many people in America care to listen. They make fun of someone buying Jordan and rims while living in apartments but they buy empty expensive vacations and expensive items that look just like other expensive items they already have but won’t even take the time to set their kids and grandkids to great generational wealth. That is why people keep having to start a new mortgage, if they are lucky, when their families had been here for 5+ generations and all had house before.
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We'd have more IF....Poor, Poor Pitiful Me...Whine, Whine, Whine.
 
opus1 said:
Had a coworker who did this. Her logic was that she'd either be making car payments or paying for post-warranty repairs and she'd rather have the car payment.
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People like predictable car payments. It’s an anti - pattern to becoming wealthy which takes discipline.
 
Yesterday I was passed up twice an elderly person in a Turbo Beetle going 75 in a 65. Left me in his or her dust, twice. I only passed due to a small town red light and I know the local PDs speed limit tolerance for the area.

Pretty sure that car was out of warranty. Live a little OP and buy that WRX in a few days.
 
skyactiv said:
Have you considered you'll leave less money to your children when you die?
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The several million dollars I've already spent on my children plus the roughly 3/4 of a million I likely have left to get them through college and out of the house isn't enough? I have to skimp at the end of my life and accept less so they can have more when I'm dead?

If there's any significant amount of money left for my children, it's because my wife and I died sooner than we thought we would and we had budgeted for a longer life than we had. I'm not saying I'm going to waste it just to waste it, but I'm also not going to restrict my spending solely for their inheritance.
 
M1Accord said:
Scary thing is I can see your logic and it is telepathic but not many people in America care to listen. They make fun of someone buying Jordan and rims while living in apartments but they buy empty expensive vacations and expensive items that look just like other expensive items they already have but won’t even take the time to set their kids and grandkids to great generational wealth. That is why people keep having to start a new mortgage, if they are lucky, when their families had been here for 5+ generations and all had house before.

I know a guy that convinced his wife to spend all of her inheritance on several expensive vacations that involved his kids from other marriages. She spent over $300k within 3.5 years on vacations. They just pulled some equity out of their house via a line of credit at 8.75% to book a cruise for themselves, her two kids from another marriage, his underage kid from his previous marriage. His rationale is that 8.75% rate is much cheaper than the 27% of credit card. I priced the trip as if we were going and put some toward vehicle maintenance fund and some toward saving. I did also purchased a new iPad for $250 at Costco and enjoy tons of cruise videos without dealing with the hassles and stresses of being in the middle of the ocean with a bunch of strangers and without my survival gears.

Of course, I have no opinion about OP since his finance could be great and he may had been extra frugal during his youth like I am now. I personally would make one change once I am 78, if I am still of sound mind and shape, and that is to have others do my oil changes. My opinion is switching nee cars often is for people with at least $2.5 millions asset minimum. Just buy a Lexus and a maintenance plan and be set. Or get an EV and extended warranty.
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What logic are you defending?

@oil pan 4 directed his comments at me.

I said let the 78 year old buy what he wants. Full stop.

Oil Pan made the point that I am a narcissist who doesn’t care about my children because I would rather stroke my own ego.

Without knowing anything about what I have done for my children, or how my children are doing, or what legacy I might have already provided, he seeks to tell me that I should focus on them, instead of choosing how to spend my money.

Really?

On that basis of zero facts - of zero context - you defend his statement?

Perhaps you should know how someone’s kids are doing, what Dad has done for them, how much Dad has sacrificed, before you’re able to fairly judge, and criticize Dad.
 
oil pan 4 said:
If you're a narcissist and knowing that you're kids will likely have less opportunity plus work harder than you and that strokes your ego then go for it.
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Lol...I agree with Astro 100% and I'm the furthest thing from a narcissist and I KNOW what narcissism looks like having grown up in a house with one. My life is my life. My accomplishments are my accomplishments. My money is my money. My children's lives are their own. My children's accomplishments are their own. My children's money is their own.

This isn't about me, it's about not infantilizing what will then be my grown children. They have been given EVERY advantage to succeed short of me living their lives for them and willing them to succeed. THEY are responsible for their lives.
 
M1Accord said:
Scary thing is I can see your logic and it is telepathic but not many people in America care to listen. They make fun of someone buying Jordan and rims while living in apartments but they buy empty expensive vacations and expensive items that look just like other expensive items they already have but won’t even take the time to set their kids and grandkids to great generational wealth.
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Generational wealth isn't just about leaving money and assets after someone dies. If I didn't leave my kids a single dime after death they still have been the beneficiaries of generational wealth having gone to four years of college at an inconsequential cost to them not to mention their very loving, stable, and worldly upbringing. That said, they are still going to have to struggle and do the work to succeed (or not) but understand there is value in that struggle, or at least there was for me.
 
PWMDMD said:
Generational wealth isn't just about leaving money and assets after someone dies. If I didn't leave my kids a single dime after death they still have been the beneficiaries of generational wealth having gone to four years of college at an inconsequential cost to them not to mention their very loving, stable, and worldly upbringing. That said, they are still going to have to struggle and do the work to succeed (or not) but understand there is value in that struggle, or at least there was for me.
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Exactly.

How can Oil Pan, or M1, make an assessment of anyone’s situation on the basis of one data point - that he buys new cars?

Such foolish assessment, without regard to the details of the situation. Without the personal experience.

It’s particularly arrogant for someone without children, to try tell someone with children, who has lived a full life, how to spend their money, and how to leave a “legacy”.

Back to @Al - enjoy that new car!
 
Go ahead and get a new one. Some day none of us on this board will be able to drive any longer. Enjoy your life and get a new vehicle. Buy something with a history of good resale and you will be just fine.
 
PWMDMD said:
Generational wealth isn't just about leaving money and assets after someone dies. If I didn't leave my kids a single dime after death they still have been the beneficiaries of generational wealth having gone to four years of college at an inconsequential cost to them not to mention their very loving, stable, and worldly upbringing. That said, they are still going to have to struggle and do the work to succeed (or not) but understand there is value in that struggle, or at least there was for me.
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Sounds like you really did a lot for your family. My hunch is that someday they’ll remember you for what you taught them and the time you invested in their future and not worry one lick about what you leave them…
 
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