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06-19-2015, 09:23 PM | #16 |
GBM 8-12-15
Join Date: Aug 2000
Location: Dayton, Oh.
Casino cash: $10052154
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Posts: 59,997
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06-19-2015, 09:37 PM | #17 |
Say hello to my little friend
Join Date: Aug 2000
Location: Larryville
Casino cash: $9598422
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I try to live by the rule that if I can't pay cash I can't afford it. Not speaking of investment property of course. On that basis, my advice is to sell your truck and buy a vehicle you can afford. Jmo
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Posts: 47,314
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06-19-2015, 09:45 PM | #18 |
Tossed Salad & Scrambled Eggs
Join Date: Jan 2009
Location: ATX & OPKS
Casino cash: $301996
VARSITY
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Fuknwitchu
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Posts: 19,973
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06-19-2015, 09:54 PM | #19 |
Consuming CP souls
Join Date: Oct 2005
Location: U.S.A.
Casino cash: $2508880
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Cash only for vehicles
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****Official TFWdemB Trivia Commisioner**** |
Posts: 70,745
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06-19-2015, 10:00 PM | #20 |
Grand champ
Join Date: Sep 2007
Casino cash: $572369
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New vehicle vs current vehicle
I read a breakdown in this recently that argued it's better to buy. The equity built in buying was their main talking point. I'm sure it depends on the person and situation. I've only ever bought used cars cash and have been craving a car that I wouldn't have to worry about breaking down. I'm not sure I'd like making payments every month though. |
Posts: 45,377
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06-19-2015, 10:08 PM | #21 |
Debunking your bullshit
Join Date: Aug 2002
Location: KC area
Casino cash: $4250315
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Leasing is pretty much always dumb, financially.
Some will say, "Well, it's smart if you're the type who buys a new car every 2-3 years." Yeah, ok...but buying a new car every 2-3 years is also really dumb, financially. |
Posts: 52,592
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06-19-2015, 10:13 PM | #22 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $804734
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Quote:
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Posts: 57,702
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06-20-2015, 12:31 AM | #23 |
Resident Glue Sniffer
Join Date: Nov 2003
Casino cash: $3849358
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Depends on how you treat your car payment in terms of budget. Some just assume "x" dollars per month for a vehicle and don't want to mess with maintenance etc and don't drive much. Lease is ok.
Others might want equity (albeit diminishing), and no monthly expense of a payment...then buying is the better option. Really just depends on the individuals circumstances and preferences. I have a relative who just did a lease on aBMW...with crazy mileage restrictions.$375+ per month......when they already had a vehicle that was perfectly fine , but traded in anyway. Hell.i even considered buying the truck because it was in great shape. I would've kept the truck as a second vehicle. 13 years old...dirt cheap in insurance and taxes etc. that way if I do the lease and hate it, I can be done with it once it expires and still have a vehicle/no payment.
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Life is 99% inspiration, 1% Perspiration, and 1% Attention to Detial. RIP & Godspeed: Saccoppo Lonewolf Ed Fire Me Boy |
Posts: 37,397
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06-20-2015, 12:53 AM | #24 | |
Grand champ
Join Date: Sep 2007
Casino cash: $572369
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Quote:
I've only ever owned used vehicles. My first ended up being a lemon. Honda Civic that read 137,000 on the odometer. Found out a couple years later when the tranny went that it had been rolled back. The car really had 207,000 miles on it when I bought it. ****ing assholes. I was young though. That was a learning experience. I've got an 03 Camry now. I've had it since 2010. I'm not the type that needs a new, snazzy car to whip around. I am tired of constantly worrying about my next big repair, though. Some days I just want to say **** it and buy a new car but realize by pocketing the $2,000-3,000 down payment and $300-400 monthly payments I could pay for any major repairs pretty handily. |
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Posts: 45,377
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06-20-2015, 12:59 AM | #25 |
best in the biz
Join Date: Aug 2000
Location: Under Pressure
Casino cash: $1075273
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Posts: 72,530
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06-20-2015, 01:06 AM | #26 |
Arrowhead Trail of Tears
Join Date: Oct 2012
Location: KansasCity
Casino cash: $1200441
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I bought my current vehicle with 6 miles on it
The one before that with 17 I still have both and they both run |
Posts: 29,305
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06-20-2015, 05:13 AM | #27 |
MVP
Join Date: Sep 2003
Location: Back in K.C. baby!!!!
Casino cash: $5823433
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Trucks aren't cheap right now. Keep the truck you have. You'd be hard pressed to find a truck to replace it and be near that same payment.
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Posts: 7,024
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06-20-2015, 06:12 AM | #28 |
Born with Bad Habits
Join Date: Mar 2001
Location: Right Here
Casino cash: $1132909
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That pretty much sums it up!
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Posts: 1,329
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06-20-2015, 06:35 AM | #29 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $1261110
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"You should lease an asset that depreciates You should buy an asset that appreciates."
Oil wells, airliners, cars, tankers, and rail cars are better leased with the one exception being the car based on how many miles you drive. You should lease a vehicle if you drive 12-15,000 MAX a year. You will always have a new vehicle and no repair bills.
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Posts: 52,076
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06-20-2015, 07:52 AM | #30 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $804734
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Quote:
If he doesn't need a pickup he could trade it in for a cheaper car. Used pickups have stupid value ATM. |
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Posts: 57,702
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