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Rudager posted:So he's a supervisor in a fast food or big retail chain store right? Same mindset, but we're federal public servants. At least he's got a DB pension to fall back on I guess.
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Jan 29, 2015 08:18
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CountOfNowhere posted:Major metro areas allow you to have a fulfilling life without owning a car. gently caress cars. They break your loving wallet and empty every pocket, and also walking to work is infinitely better than driving (from a sanity perspective, at least... but I have ~~issues~~ with others). I like owning a car.
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Jan 29, 2015 16:43
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OMFG stop taking the Jastiger bait.
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Jan 29, 2015 17:04
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I live about 5 miles from work and am thinking of going carless when my lease expires. Bicycle in the summer/Bus in the winter would be optimal. I've thought about walking, but that would take way too much time.
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Jan 29, 2015 17:07
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Everyone is different. I'm a car guy so I like wrenching on $1000 deathheaps and I run a positive cash flow on my cars because I like to flip them. That is not everybody. Most people hate being covered in grease and rolling down the road in a vehicle made before they were born, and the cars = good/bad with money argument is absurd because everyone has a different value system. I think we all can agree that buy here-pay-here lots and truck equity is bad with money. Speaking of bad with cars and money, ya'll might find this piece about the subprime auto lending industry fascinating. http://thedianerehmshow.org/shows/2015-01-28/concerns_about_the_rise_in_subprime_auto_loans
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Jan 29, 2015 17:18
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Leroy Diplowski posted:Everyone is different. I'm a car guy so I like wrenching on $1000 deathheaps and I run a positive cash flow on my cars because I like to flip them. That is not everybody. Most people hate being covered in grease and rolling down the road in a vehicle made before they were born, and the cars = good/bad with money argument is absurd because everyone has a different value system. Hahaha the first comment: quote:Never really understood the logic. Don't buy a new car, buy a salvage titled car totaled in a wreck and pay to get it repaired! 
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Jan 29, 2015 17:44
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canyoneer posted:Hahaha the first comment: PRO INSURANCE TIP: Most insurance companies won't insure a salvage vehicle, or if they do, they charge you MORE for it.
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Jan 29, 2015 18:04
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nickutz posted:I like owning a car. I own two cars, rent a shop, and do automotive work for people on the side. I still like living in a major city center and think its worth the tradeoffs... Only driving for fun and pleasure is nice. Also, the above is on topic because haha its bad with money.
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Jan 29, 2015 18:19
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double post
Droo fucked around with this message at 19:26 on Jan 29, 2015 |
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Jan 29, 2015 18:55
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 Phone posting at the moment, but counting fuel adds a surprising amount to cost of ownership most people don't account for when operating a car. I haven't included insurance in this, but it runs about $90/month.
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Jan 29, 2015 19:03
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th vwls hv scpd posted:
Really? I'd say most people only account for gas when considering the cost of car ownership.
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Jan 29, 2015 19:10
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Droo posted:2. I did not count gasoline because that isn't really inherent to the cost of owning a car. If you never used the car at all that cost would be close to $0, so I think it is fair to exclude it from this. If that's the case then why did you include the tires, windshield chip, and other maintenance? If you never used the car you wouldn't have incurred those costs either.
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Jan 29, 2015 19:11
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pig slut lisa posted:If that's the case then why did you include the tires, windshield chip, and other maintenance? If you never used the car you wouldn't have incurred those costs either. Well first of all a lot of maintenance would need to be done anyway (e.g. oil changes, timing belt). Second of all, feel free to quote my post and edit out maintenance to make your own point.
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Jan 29, 2015 19:18
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th vwls hv scpd posted:
What app is that? It looks interesting.
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Jan 29, 2015 19:20
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Droo posted:Well first of all a lot of maintenance would need to be done anyway (e.g. oil changes, timing belt). Second of all, feel free to quote my post and edit out maintenance to make your own point. You wouldn't have to change the timing belt if you never drove it either. Oil changes, sure, but probably a lot less often.
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Jan 29, 2015 19:25
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Dessert Rose posted:You wouldn't have to change the timing belt if you never drove it either. Oil changes, sure, but probably a lot less often. http://community.cartalk.com/discussion/2291778/change-a-timing-belt-after-many-years-but-few-miles
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Jan 29, 2015 19:31
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Droo posted:http://community.cartalk.com/discussion/2291778/change-a-timing-belt-after-many-years-but-few-miles Well, I learned something new today, guess I can go back to bed.
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Jan 29, 2015 19:36
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HonorableTB posted:What app is that? It looks interesting. aCar. I absolutely love it. The free version only displays the last 30 days of records. It also supports import methods from other apps and websites.
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Jan 29, 2015 19:39
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Droo posted:Well first of all a lot of maintenance would need to be done anyway (e.g. oil changes, timing belt). Second of all, feel free to quote my post and edit out maintenance to make your own point. I guess it seems silly to me to ignore one of the major operational costs of this thing you choose to own. Like, obviously if you bought a Prius it would cost a different amount than if you bought an Escalade or a Ford Fiesta or whatever. But your model choice would impact how much you actually spend on gas as well. I would say the relevant inquiry is not "how much does it cost to have this car sitting in my garage" unless it's a collector car. The relevant inquiry is "how much does it cost to own this car and use it the way I do".
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Jan 29, 2015 19:47
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pig slut lisa posted:I guess it seems silly to me to ignore one of the major operational costs of this thing you choose to own. Like, obviously if you bought a Prius it would cost a different amount than if you bought an Escalade or a Ford Fiesta or whatever. But your model choice would impact how much you actually spend on gas as well. I guess I don't understand how you can't understand the basic economics of getting from point A to point B, but I will attempt to explain in painful detail for you. Say, for example, you own a car. You want to drive that car 20 miles because you want to meet a friend. Your car is already paid for and maintained, and while in theory you are adding some wear and tear, for this trip all it really costs you is a gallon of gasoline, so $2.50. Say, for example, you DON'T own a car. You want to travel 20 miles because you want to meet a friend. You don't own a car, as established, and you need to get there. What do you do? Do you not go? I guess you could not go, but then you aren't comparing owning a car to not owning a car anymore, you are comparing going places to being a hermit, so that's not fair. Hmmmmmmmmm what could we do? Well you could take public transportation. In Chicago, that costs $2.25. WOW THAT IS THE SAME PRICE ALMOST AS THE GAS!!!! Maybe we can just ignore gasoline in our analysis, because it seems like it generally approximates public subsidized costs of travelling around the city, which is really the only practical location you can get by without a car in America. I just don't understand how anyone could not inherently understand this. PS: As far as some cars getting shittier mileage than other cars - well obviously. But then you aren't comparing the cost of owning a car to not owning a car, you are comparing the cost of owning one type of car vs a different type of car. Which is not what we were doing at all. Droo fucked around with this message at 20:04 on Jan 29, 2015 |
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Jan 29, 2015 20:01
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To make a fair and accurate comparison of car vs. no car, you need to include all costs of car ownership including purchase/depreciation, financing costs, insurance, maintenance, fuel consumption, etc. and compare it to total costs of non-ownership - be it bus pass, bicycle, car2go, or uber/taxi or some combination thereof. Anything else is dishonest.
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Jan 29, 2015 20:07
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Droo posted:I guess I don't understand how you can't understand the basic economics of getting from point A to point B, but I will attempt to explain in painful detail for you. This is a really weird and handwavey way to think about your transportation costs. I feel like maybe I misunderstood all the prefacing you did in your original post about why you thought the ownership costs are worth separating out from the usage costs, but since you deleted it I don't really know what to say.
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Jan 29, 2015 20:10
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Droo posted:I guess I don't understand how you can't understand the basic economics of getting from point A to point B, but I will attempt to explain in painful detail for you. Ok, so? For this trip, gas and public transit costs were equal. How would you know that if you didn't look at those costs? Why would you not account for price of fuel or other operating costs?
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Jan 29, 2015 20:19
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Jeez you call it Jastiger bait when I point out how Bad WIth Money it is to live in the ridiculous big cities and you respond to that nonsense with the vehicles. Offensive. Bad with money: Tax Season and insurance. I have SO MANY calls from 22 year old getting 2014/15 sports cars with no prior insurance and a co signer with mom or dad because babby's first tax return is enough for a downpayment.
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Jan 29, 2015 20:24
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NancyPants posted:Ok, so? For this trip, gas and public transit costs were equal. I would be happy to compare gasoline costs to equivalent public transit costs in order to improve my original analysis. Can you please provide the following expenses for one calendar year, for someone who does not own a car: 1. A detailed log of all trips you made 2. The public transportation costs you incurred for all trips for the year 3. The hypothetical car-mileage total for each trip 4. All hypothetical parking costs you would have incurred at your destination point 5. The total time you spent in public transportation 6. The total time you would have spent driving to those locations 7. The relative value of your time, per hour, to use with items 5 and 6 PM me with the info, I will post an updated comparison.
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Jan 29, 2015 20:29
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th vwls hv scpd posted:
The US Govt reimbursement rate which is supposed to cover everything was $0.55/mile last I was told. I use that to calculate the cost of commuting. It is why I walk to work.
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Jan 29, 2015 20:41
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Droo posted:I would be happy to compare gasoline costs to equivalent public transit costs in order to improve my original analysis. Can you please provide the following expenses for one calendar year, for someone who does not own a car: I don't really need a team of accountants to tell me that my public transit costs are $1200/yr. It would cost me about twice as much just to park a car near my place. e: This is Chicago where a monthly pass on the CTA is $100. Barry fucked around with this message at 20:49 on Jan 29, 2015 |
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Jan 29, 2015 20:47
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Droo posted:I would be happy to compare gasoline costs to equivalent public transit costs in order to improve my original analysis. Can you please provide the following expenses for one calendar year, for someone who does not own a car: Getting a quantitative apples to apples comparison here is going to be really difficult because you can do other stuff while you're on the bus/train, whereas when you drive you're pretty much stuck staring at the road for the entire time you're in the car.
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Jan 29, 2015 20:48
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Dangit Ronpaul posted:Getting a quantitative apples to apples comparison here is going to be really difficult because you can do other stuff while you're on the bus/train, whereas when you drive you're pretty much stuck staring at the road for the entire time you're in the car. Hmm I think you are right. Maybe we should just say that it is way too complicated and circumstance-dependent to compare exactly, and we can find some kind of general "hand wavy" way to compare the two costs so that we can do a quick, approximate analysis of car ownership that some people might find interesting?
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Jan 29, 2015 20:52
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Droo posted:Hmm I think you are right. Maybe we should just say that it is way too complicated and circumstance-dependent to compare exactly, and we can find some kind of general "hand wavy" way to compare the two costs so that we can do a quick, approximate analysis of car ownership that some people might find interesting? The quick approximate analysis of car ownership should include fuel costs, which are the second greatest cost of ownership behind depreciation 
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Jan 29, 2015 21:11
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pig slut lisa posted:The quick approximate analysis of car ownership should include fuel costs, which are the second greatest cost of ownership behind depreciation It's a good thing I was comparing the cost of owning a car versus getting around town without one then.
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Jan 29, 2015 21:29
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Maybe we should forego yet another silly car derail and instead spend our time scouring reddit or other forums for stories of people bad with money. I'll start http://www.reddit.com/r/personalfinance/comments/2u3vdr/today_i_discovered_that_i_apparently_opened_a/
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Jan 29, 2015 21:36
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Droo posted:I just don't understand how anyone could not inherently understand this.
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Jan 29, 2015 22:14
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MickeyFinn posted:The US Govt reimbursement rate which is supposed to cover everything was $0.55/mile last I was told. I use that to calculate the cost of commuting. It is why I walk to work. You only get that write off if you use a personal vehicle for work. If you are required to be on-site at the start of the day, you can not write that off. Only mileage between locations while working.
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Jan 29, 2015 22:57
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th vwls hv scpd posted:You only get that write off if you use a personal vehicle for work. If you are required to be on-site at the start of the day, you can not write that off. Only mileage between locations while working. I am not saying anyone should use it for tax purposes. It is merely a quick and easy way to estimate the cost of driving a car X miles on some kind of regular schedule. For instance, a daily commute to work.
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Jan 29, 2015 23:03
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th vwls hv scpd posted:You only get that write off if you use a personal vehicle for work. If you are required to be on-site at the start of the day, you can not write that off. Only mileage between locations while working. You're correct about the tax part if you're talking a deduction. I believe the poster is talking about the government employee reimbursable rate (that is, if you work for .gov but have to drive your own vehicle on official business) http://www.gsa.gov/portal/content/100715 Regardless, I think that poster is saying using the reimbursable rate of $0.55/mile is a pretty good proxy estimate for what it costs to own and drive a car. e:f;b.
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Jan 29, 2015 23:03
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A guy I know knows a guy who is in almost 50 grand of CC debt. His brilliant plan to clear the debt? Buy silver, specifically 6 oz of silver per month. It's like a mistake within a mistake. Cherry on top: he's a manager of a bank branch (I know employees of retail banks aren't investing experts, but it's funny nonetheless), and his own employer also won't approve refinancing on his mortgage.
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Jan 29, 2015 23:10
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roflcopter thief posted:A guy I know knows a guy who is in almost 50 grand of CC debt. His brilliant plan to clear the debt? Buy silver, specifically 6 oz of silver per month. It's like a mistake within a mistake. See if you can get him to write down a prediction of the price of silver in 12 months E:actually if he lucks into a correct guess then his stupid intuition will have been reinforced so maybe don't do this for his sake
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Jan 29, 2015 23:12
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roflcopter thief posted:A guy I know knows a guy who is in almost 50 grand of CC debt. His brilliant plan to clear the debt? Buy silver, specifically 6 oz of silver per month. It's like a mistake within a mistake. I think Warren Buffett's take on this is the most concise refute of investing in precious metals. Silver specifically is lame because it tarnishes and doesn't stay shiny unless you store it perfectly. quote:Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion. Call this cube pile A.
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Jan 29, 2015 23:27
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pig slut lisa posted:See if you can get him to write down a prediction of the price of silver in 12 months Alright so say he bought 72 ounces of silver right now at $20 that would cost $1440. To pay for the $1000 of interest per month on $50k he would need a profit on the silver of $12k. He'll be in the money if the price of silver goes up to about $187 per ounce. I can't see how this would go wrong. 
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Jan 29, 2015 23:43
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