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Slugworth posted:I was literally called out over it and someone *else* posted it here. If it's off topic though, I'll gladly drop it. I cross posted it when I saw someone take out a 78 month loan on a used truck and I wanted to know more about the thoughts that went into that decision. Your posts are fine, they're complaining about the other ones that talk about how long cars lasted for boomers. By all means, please  :Thanatosian posted:What's a "good interest rate?" What's an "affordable monthly payment?" What is a "fairly negligable increase in what I would pay total?" e: a shameful snype Cacafuego fucked around with this message at 14:17 on Jan 21, 2019 |
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Jan 21, 2019 14:15
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To answer a few questions then - Someone suggested I didn't need a new car - I had 150k miles on a Ford focus in the midwest. I had put a fair amount of cash into repairs before deciding it was time to retire it. It still ran though, so I suppose it's debatable. It was unpleasant to drive and unreliable, so I figured I had gotten a fair amount of use from it. I did actually have more than 4k in savings, but definitely don't save money as well as I should. I'm not actually arguing that I'm great with money in general, just more defending this particular purchase which I've never viewed as extravagant. I chose to only put 2k from my savings down, to keep the rest for emergency situations. I don't remember exact numbers on the loan, but I took out about a 14k loan in the low 3%, 3.1 or 3.2. Playing with numbers, stretching out the loan a bit gave me a 220 dollar a month payment while only increasing my total cost by 4 or 5 hundred dollars. It felt, and still does feel, like a reasonable trade off to get a payment that I've never had any problem paying. On the other hand, its giving away 500 dollars to own a vehicle I don't strictly *need*, in that I could have purchased whatever the cheapest reliable vehicle I could find was. But making a decision to spend an affordable extra amount of money to get something I like and which most weekends saves me some frustration seemed fine to me.
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Jan 21, 2019 15:34
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You're in the Bad with Money thread. I know you didn't intend to be, but here we are. What you're doing is Bad with Money. You're judging affordability based on the amount of the monthly payments your regular paychecks allow. That calculation doesn't equal "affordable" though you could be forgiven for making the mistake because so many people do it. That fact, more than any other, is why threads like this one exist. The culture of never-ending consumer debt, where financial institutions (who profit enormously off it) have managed to convince a huge segment of the public that it is necessary, good for you, and in fact they are the ones doing you a favor by granting it at all, is a real problem that's been steadily getting worse over the last 20 years or so. Consumers themselves aren't blameless in this either. Debt is sometimes unavoidable, or the better option, but debt designed around monthly payments and not the total amount you are actually paying for is usually never a good thing.
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Jan 21, 2019 16:10
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wait, why is this one moved to AI
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Jan 21, 2019 16:48
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bob dobbs is dead posted:wait, why is this one moved to AI Gahahaha. I assume it's punishment.
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Jan 21, 2019 16:53
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Buying cars is BWM
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Jan 21, 2019 17:16
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Oh helloCornHolio posted:Buying new cars is BWM Fixed
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Jan 21, 2019 17:19
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Cars are BWM, and BMW's doubly so. Project cars are just s whole nother level.
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Jan 21, 2019 17:19
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camry dents signal gwm
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Jan 21, 2019 17:20
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The only BWM thread approved mode of transportation is wrapping your feet in your empty bags of red beans and rice and walking.
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Jan 21, 2019 17:20
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Slugworth posted:Someone suggested I didn't need a new car - I had 150k miles on a Ford focus in the midwest. I had put a fair amount of cash into repairs before deciding it was time to retire it. It still ran though, so I suppose it's debatable. It was unpleasant to drive and unreliable, so I figured I had gotten a fair amount of use from it. Lmao 150k miles is when we start buying cars in this here subforum. Less than 100k is synonymous with "brand new car".
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Jan 21, 2019 17:27
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Buying a used truck for 14k (even with the hilarious loan length) instead of a used Civic for 5k is pretty low on my BWM list.
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Jan 21, 2019 17:32
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A new car to me is something from copart that needs about 5 grand in parts to fix up and after that run it into the ground for the next ten years.
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Jan 21, 2019 17:32
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UCS Hellmaker posted:A new car to me is something from copart that needs about 5 grand in parts to fix up and after that run it into the ground for the next ten years. I like you.
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Jan 21, 2019 17:33
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Adiabatic posted:Lmao 150k miles is when we start buying cars in this here subforum. Less than 100k is synonymous with "brand new car". This is so true that it hurts
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Jan 21, 2019 17:34
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Just waiting for this 200k mile 2004 Accord to die so I can finally buy my new 100k mile 2010 Volvo wagon.
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Jan 21, 2019 17:37
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Enos Cabell posted:200k mile 2004 Accord Jesus Christ you're an AI natural.
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Jan 21, 2019 17:41
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Adiabatic posted:Jesus Christ you're an AI natural. Hell, and I didn't even bring up my wife's Mazda 3 hatchback
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Jan 21, 2019 17:49
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CitizenKain posted:Yea, its crazy how bad old cars were. A friend of my dads used to collect old hot rods, he would fix them up, drive a few of them and sometimes sell one to finance the rest. He had some health issues crop and ended up selling all but one to pay for medical expenses. I remember him talking to my dad about how much effort it was to keep these running, even when brand new. I will say that they picked the 59 Bel Air on purpose - although all old cars are wildly unsafe, it's particularly bad due to the frame design.
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Jan 21, 2019 17:57
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Adiabatic posted:Lmao 150k miles is when we start buying cars in this here subforum. Less than 100k is synonymous with "brand new car".
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Jan 21, 2019 18:53
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I rarely keep a car past 120k miles so I guess I’m the thread outlier. I had an unreliable car for the better part of a decade and got dropped twice by AAA because I called them too many times. I get itchy after the warranty expires. Someone’s got to sell perfectly good high mileage cars with seat cushions full of farts for you guys to buy.
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Jan 21, 2019 19:19
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Krispy Wafer posted:I rarely keep a car past 120k miles so I guess I’m the thread outlier. I had an unreliable car for the better part of a decade and got dropped twice by AAA because I called them too many times. I get itchy after the warranty expires. Us car guys thank you for it. I just got out of a 98 CRV with over 200k miles just because I was tired of decades of driving old cars. It's fun and rewarding to work on them yourself, but I can't say I'll miss not doing oil changes for the next couple of years.
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Jan 21, 2019 19:22
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 this thread
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Jan 21, 2019 19:55
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brugroffil posted:
Nah it's only done 160,000kms it's barely run in
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Jan 21, 2019 20:19
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Options for getting out of aquote:My friend is about $7,500 underwater on a 2016 Ford Mustang. Getting this car was not their idea (long story), but being more mature than their parents.. he wants to get out of this insane car payment into something more practical. quote:Option 2 if you want to go on a Journey. OP posted:Thanks for replying. Are you saying there are currently alot of incentives for a Dodge Journey?
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Jan 21, 2019 20:21
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BlackMK4 posted:camry dents signal gwm My Camry hit 150k miles last month and then turned 19. If I can keep it going another 7 years I qualify for a historic license plate. 
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Jan 21, 2019 20:34
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spwrozek posted:Buying a used truck for 14k (even with the hilarious loan length) instead of a used Civic for 5k is pretty low on my BWM list. Yeah, there’s not even negative equity from an existing loan rolled into it. Seems pretty meh from a BWM perspective to me. Maybe I’m just desensitized from all of the other stories here.
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Jan 21, 2019 21:01
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What the gently caress is this trainwreck and why is getting lovely loans on used cars you cannot afford normalized?
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Jan 21, 2019 21:24
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Option 1 will not work. When the bank asks him what he wants the loan for and he says "car", they will stop considering him for a personal loan and review him for an auto loan, and I would be shocked if they give him enough to cover the negative equity (if anything). The other option, of course, is to lie, which would be even more BWM when that implodes and the best case scenario is that they accelerate the loan. slidebite posted:What the gently caress is this trainwreck and why is getting lovely loans on used cars you cannot afford normalized? The advertising industry, stagnant wages, and insufficient/ineffective consumer protections?
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Jan 21, 2019 21:30
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Sweet AI / BWM / BMW crossover. Today I channeled my inner Florida Man and drove my Civic with a known dying (6 year old) battery to target. It did not start up for the return trip. AAA jumped me, then when I got home I wisely parked in my BMW. Now I own 3 cars and only 1 is drivable until I get back in a week to replace the battery. It would have been cheaper to not have AAA for the past few years we haven't used it and just walked back into Target to buy a jump pack.
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Jan 21, 2019 21:35
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H110Hawk posted:Sweet AI / BWM / BMW crossover. Today I channeled my inner Florida Man and drove my Civic with a known dying (6 year old) battery to target. It did not start up for the return trip. AAA jumped me, then when I got home I wisely parked in my BMW. Now I own 3 cars and only 1 is drivable until I get back in a week to replace the battery. If you would have bought a manual, it would have been cheaper initially and you could bump start it right now. Buying autos is BWM.
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Jan 21, 2019 21:58
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hattersmad posted:Yeah, there’s not even negative equity from an existing loan rolled into it. Seems pretty meh from a BWM perspective to me. Maybe I’m just desensitized from all of the other stories here. It's mostly just judging. I mean, it is BMW to shop based on monthly payments. But taking a long loan at a low interest rate is super meh. I can get a CD at a higher rate than that loan; it's obviously not BMW if I have the cash to pay it off and throw it in a CD at a higher rate instead. So yeah, mostly just judging him for shopping on payments. Plus, because BFC is all about driving beaters into the ground.
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Jan 21, 2019 22:01
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Adiabatic posted:If you would have bought a manual, it would have been cheaper initially and you could bump start it right now. Buying autos is BWM. I did this before at a 7-11 parking lot before with a strangers help 
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Jan 21, 2019 22:14
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Adiabatic posted:If you would have bought a manual, it would have been cheaper initially and you could bump start it right now. Buying autos is BWM. I am bad with life can I even bump start my manual BMW E89?
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Jan 21, 2019 22:34
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Oddly enough my manual 00 Sierra refuses to bump start. It flashes the security light, runs on what feels like 4 cylinders for 20 seconds and then dies but I've never needed to. E: but I paid 3k for it and have put 70000km on it (just about to hit 300000) with only minor issues until I broke it at new years so its gwm unless you count the fuel cost, which still has been quite reasonable for what it is Turbo Fondant fucked around with this message at 23:18 on Jan 21, 2019 |
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Jan 21, 2019 22:54
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slidebite posted:What the gently caress is this trainwreck and why is getting lovely loans on used cars you cannot afford normalized? Truck equity.
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Jan 21, 2019 22:57
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H110Hawk posted:I am bad with life can I even bump start my manual BMW E89? Yes, barring some annoying German interlock bullshit because Bavarian management didn't like Hans's FMEA report on using the clutch as a starting mechanism. But I think yes.
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Jan 21, 2019 23:00
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H110Hawk posted:Sweet AI / BWM / BMW crossover. Today I channeled my inner Florida Man and drove my Civic with a known dying (6 year old) battery to target. It did not start up for the return trip. AAA jumped me, then when I got home I wisely parked in my BMW. Now I own 3 cars and only 1 is drivable until I get back in a week to replace the battery. BWM cause you can “renew” AAA anytime. Just call when you break down and do the ol “ohhhhhhh jeez did that just expire? I’m shocked!”
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Jan 22, 2019 00:23
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BWM I am currently taking an Uber in a Lexus going 35 miles for $45. This guy isn't even going to gross $1/mile.
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Jan 22, 2019 00:32
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H110Hawk posted:BWM I am currently taking an Uber in a Lexus going 35 miles for $45. This guy isn't even going to gross $1/mile. Do Uber drivers have any control over the fares they accept or reject? I regularly take a 40 minute, $30 Uber to a casino around here and can't help but wonder WHY they would accept that route.
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Jan 22, 2019 00:44
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