just had to replace a pretty worn GMC PU after I ran into the back end of a crazy woman who slammed on her brakes right in front of me - replaced it with a slightly worn Chev PU in the mid 40s (upper teens after insurance settlement)-

Now if we can just get Agmom's car repaired we will be back to pre-accident status.

Quote:

---

I just wanted something more reliable because my husband can't go with me all of the time to mid week games.

---

Congrats on the miles on the Sequoia.

As I said, my situation is such that putting tons of miles on, is not a problem, even including a possible breakdown.

I have zero problem with wanting a reliable car. And not to be totally sexist, but I want my wife and other female family members in a car that's 99.99999% reliable. And the more dangerous the situation (weather, crime, long trip, babies on board) the more I want them in a newer, lower mileage, rig.

I think the reason people are spending that kind of money on a vehicle is due to financing terms.

With an 8k down payment for a loan on a vehicle with a purchase price of 40k, a loan interest rate of ~6% over 60 months, and even "fair" credit the payments would be well under $1k/month.

My theory is that many people are actually spending what should be savings, on their vehicle. I see allot of rental properties with new/newer vehicles in the driveway.

AggieVictor10 said:

---

Why can't people just buy old junkers and just be happy with that?

---

Why would I want to live life driving around a junker? Hell, possibly the only reason I even went to college is so I could waste my money buying cool cars.

Highway6 said:

---

Mull this over. Most loans made on boats are either 15 or 20 years. These aren't yachts, just recreational boats from $40,000 to $200,000. The buyer will be upside down on that loan for years.

---

A boat is, almost without exception, a toy. Somethign that isn't considered a necessity for day to day life. Completely different animal IMO, because you buy a boat strictly to go enjoy an activity knowing that it is 100% splurge spending from the moment you decide to even look at buying.

Funky Winkerbean said:

---

Allowing 7 year terms spurred the price expansion.

---

The old rule of thumb of not exceeding 3 years income on a house or 6 months income on a car bit the dust long ago. It felt pretty extravagant spending ~3 months salary on my first new car purchase last summer.

Saw a tv as last week for a Lincoln Navigator. 100K

Tex100 said:

---

Saw a tv as last week for a Lincoln Navigator. 100K

---

Don't look at Escalades, then. $120k.

I inherited the gene from my dad that requires me to own equipment until it gets to the point it simply cannot be repaired any longer.

Still regret selling my F250 that had been paid off for years. That ruck had 412k miles on it, still ran great. Interior was in very good shape, body was in good shape. Biggest vehicle mistake of my life right there.

Bought a newer Dodge 2500, ended up selling it for more than I owed on it because my new job at the time came with a company truck and I paid for that truck to sit in the driveway for 3 months without hardly even starting it. Again, huge regret.

Next time I get a vehicle i intend to keep it for probably the rest of my life. Really have been jonesing for an older square body Chevy or Ford that is basic AF compared to today's vehicles. But can be worked on easily, doesn't require a degree in computer programming to diagnose and doesn't have tracking systems built into it.

WHOOP!'91 said:

---

Tex100 said:

---

Saw a tv as last week for a Lincoln Navigator. 100K

---

Don't look at Escalades, then. $120k.

---

My neighbor just bought a 4 door F350 dually Platinum edition. Every bell and whistle you can imagine. Well over $100k. He probably paid cash for it though, so more power to him.

I just can't fathom 1) paying that much for a vehicle and 2) actually driving it on the roads with the unwashed and uninsured masses that are sure to target me for a collision.

Zarathustra said:

---

Call it whatever you want but the WEF is trying to reduce car ownership and the number of cars on the road. If the masses won't comply voluntarily they'll make it too expensive to drive.

---

CanyonAg77 said:

---

Manhattan said:

---

Fightin_Aggie said:

---

Now safety and gas mileage regulations increase the cost of a car by $3k-$5k annually and there is no debate.

---

You can buy a $30,000 car for $5k annually....

---

Sure, on an 8 year note. What kind of insanity is that?

---

Not as insane as driving POS cars when you have the means to drive something reliable.

schmellba99 said:

---

Highway6 said:

---

Mull this over. Most loans made on boats are either 15 or 20 years. These aren't yachts, just recreational boats from $40,000 to $200,000. The buyer will be upside down on that loan for years.

---

A boat is, almost without exception, a toy. Somethign that isn't considered a necessity for day to day life. Completely different animal IMO, because you buy a boat strictly to go enjoy an activity knowing that it is 100% splurge spending from the moment you decide to even look at buying.

---

You are correct, sir. I was just pointing out that when things get tough, the boat is the first thing to go. The rub is, the boat may bring $60,000, but $75,000 may be left on the loan. Ouch

Sequoia is still doing great. It's not going to the trash heap until it has to. Now I'm driving less just because of empty nesting and work from home, I expect we'll be keeping it for a while.

schmellba99 said:

---

WHOOP!'91 said:

---

Tex100 said:

---

Saw a tv as last week for a Lincoln Navigator. 100K

---

Don't look at Escalades, then. $120k.

---

My neighbor just bought a 4 door F350 dually Platinum edition. Every bell and whistle you can imagine. Well over $100k. He probably paid cash for it though, so more power to him.

I just can't fathom 1) paying that much for a vehicle and 2) actually driving it on the roads with the unwashed and uninsured masses that are sure to target me for a collision.

---

Or it will just get stolen.

Funky Winkerbean said:

---

Burdizzo said:

---

Funky Winkerbean said:

---

Allowing 7 year terms spurred the price expansion.

---

A seven-year-old car today would be a 2016 model with roughly 100k miles on it depending on a lot of factors. In 1980, a 1973 model with 100k miles had one two wheels headed for the scrapyard. I think seven year financing is ridiculous too, but cars are built a lot better these days than they used to be.

---

I don't disagree, but it begs the question of who still drives a car that's paid off?

---

Really?

I haven't had a car payment in several years, with four cars/trucks in the family.

The biggest waste of money I see on a regular basis is people who always want to be driving a new vehicle. Not having that monthly payment makes everything else so much easier: meeting monthly expenses, saving, and taking nice vacations.

There are a whole lot of people who could make that one change and be a lot better off financially.

Funky Winkerbean said:

---

Allowing 7 year terms spurred the price expansion.

---

Free / easy money certainly can do that, whether its car prices, home prices, or the cost of a college education. Cheap and easy credit is inflationary and these bubbles don't pop as easy as one would think.

J. Walter Weatherman said:

---

Zarathustra said:

---

Call it whatever you want but the WEF is trying to reduce car ownership and the number of cars on the road. If the masses won't comply voluntarily they'll make it too expensive to drive.

---

---

twk said:

---

J. Walter Weatherman said:

---

Zarathustra said:

---

Call it whatever you want but the WEF is trying to reduce car ownership and the number of cars on the road. If the masses won't comply voluntarily they'll make it too expensive to drive.

---

---

---

Bruh, they are just joking around in Davos every year. Stop being a conspiracy theorist. /s

Manhattan said:

---

CanyonAg77 said:

---

Manhattan said:

---

Fightin_Aggie said:

---

Now safety and gas mileage regulations increase the cost of a car by $3k-$5k annually and there is no debate.

---

You can buy a $30,000 car for $5k annually....

---

Sure, on an 8 year note. What kind of insanity is that?

---

Not as insane as driving POS cars when you have the means to drive something reliable.

---

Maybe some of us just care about the environment, and our fellow man. Only partially kidding.

I must have missed where someone on this thread said they drive a POS car that is unreliable.

CDUB98 said:

---

Even a nicely equipped F150 XLT will run you over $50k these days. That's not a fancy truck. It just happens to have the navigation, nice stereo, and heated seats. Ford still has the Lariat, King Ranch, Platinum, and Limited models above that.

Car prices have simply gone stupid. I can't help but wonder if the prices are also part of car companies wanting to push everyone into more profitable leases.

---

Got a 21 base model 4x4 King Ranch long bed without all the chrome crap and sunroof 2 years ago for ~$58k. This was right before the chip shortage insanity really kicked in.

Manhattan said:

---

CanyonAg77 said:

---

Manhattan said:

---

Fightin_Aggie said:

---

Now safety and gas mileage regulations increase the cost of a car by $3k-$5k annually and there is no debate.

---

You can buy a $30,000 car for $5k annually....

---

Sure, on an 8 year note. What kind of insanity is that?

---

Not as insane as driving POS cars when you have the means to drive something reliable.

---

If you're buying a $30k declining asset on an eight year loan, you don't have the means.

And "POS" is a matter of definition. I drive vehicles that you might dismiss as a POS because they are old and high mileage.

I don't drive POS cars. I drive reliable vehicles with great engines and brakes, and sub-systems that work.

Jock 07 said:

---

CDUB98 said:

---

Even a nicely equipped F150 XLT will run you over $50k these days. That's not a fancy truck. It just happens to have the navigation, nice stereo, and heated seats. Ford still has the Lariat, King Ranch, Platinum, and Limited models above that.

Car prices have simply gone stupid. I can't help but wonder if the prices are also part of car companies wanting to push everyone into more profitable leases.

---

Got a 21 base model 4x4 King Ranch long bed without all the chrome crap and sunroof 2 years ago for ~$58k. This was right before the chip shortage insanity really kicked in.

---

Just priced out an XLT as I would want it, and be close to my current truck, $63k. Ridiculous.

My truck may be 10 years old now, but she's still going...with a few issues.

I got 2 paid off for years.

2004 Lexus GX
2009 Lexus Es350

Not having a car payment for a decade can really increase your net worth.

twk said:

---

J. Walter Weatherman said:

---

Zarathustra said:

---

Call it whatever you want but the WEF is trying to reduce car ownership and the number of cars on the road. If the masses won't comply voluntarily they'll make it too expensive to drive.

---

---

---

Random WEF op eds have nothing to do with individuals making dumb financial decisions in the US.

Read Car & Driver's review of the new V-8 Raptor R pick-up... $109,000 min.

Ooof.

If you pay the tax and get 0/72, it is an excellent financial decision...

And you can get a Maverick for $22,195 (might require shopping around hard)

Teslag said:

---

TAMU1990 said:

---

I have a 2007 Sequoia and we just bought a used car last week. We are keeping the Sequoia and I just wanted a newer vehicle to drive out of town. All three kids in college have cars and we wanted two cars again.

2019 Highlander certified, $29k, 30,000 miles. Clean carfax. The prices for used Highlanders have been dropping - I think Toyota is coming out with a new body style soon. That car was $39-42k last year.

---

Great purchase. Another issue I see is when many morons buy a Surbaban/Tahoe/Expedition etc instead of a minivan which is better for all aspects instead of towing. And men buy these for their wives purely out of insecurity because "they don't want to be seen driving a minivan". Tons of wasted dollars there for personal insecurity.

---

There is a substantial size difference between a minivan and a full size suv. Being 6'8" with a wife nearly 6 ft, twin 1 year old boys in car seats and a quickly growing 6 year old boy a minivan doesn't work, trust me, I tried it out.
But if it makes you feel better going around judging folks for what they do and don't drive you do you I guess.

Jock 07 said:

---

Teslag said:

---

TAMU1990 said:

---

I have a 2007 Sequoia and we just bought a used car last week. We are keeping the Sequoia and I just wanted a newer vehicle to drive out of town. All three kids in college have cars and we wanted two cars again.

2019 Highlander certified, $29k, 30,000 miles. Clean carfax. The prices for used Highlanders have been dropping - I think Toyota is coming out with a new body style soon. That car was $39-42k last year.

---

Great purchase. Another issue I see is when many morons buy a Surbaban/Tahoe/Expedition etc instead of a minivan which is better for all aspects instead of towing. And men buy these for their wives purely out of insecurity because "they don't want to be seen driving a minivan". Tons of wasted dollars there for personal insecurity.

---

There is a substantial size difference between a minivan and a full size sub. Being 6'8" with a wife nearly 6 ft, twin 1 year old boys in car seats and a quickly growing 6 year old boy a minivan doesn't work, trust me, I tried it out.
But if makes you feel better going around judging folks for what they do and don't drive you do you I guess.

---

I assume Buzz is aware of twin boys although it's probably too soon to offer just yet.

CDUB98 said:

---

Jock 07 said:

---

CDUB98 said:

---

Even a nicely equipped F150 XLT will run you over $50k these days. That's not a fancy truck. It just happens to have the navigation, nice stereo, and heated seats. Ford still has the Lariat, King Ranch, Platinum, and Limited models above that.

Car prices have simply gone stupid. I can't help but wonder if the prices are also part of car companies wanting to push everyone into more profitable leases.

---

Got a 21 base model 4x4 King Ranch long bed without all the chrome crap and sunroof 2 years ago for ~$58k. This was right before the chip shortage insanity really kicked in.

---

Just priced out an XLT as I would want it, and be close to my current truck, $63k. Ridiculous.

My truck may be 10 years old now, but she's still going...with a few issues.

---

Yea I think they've gone up significantly over the past couple years even. Sticker on the KR was ~62k iirc. Figured my 176k mile 2010 Silverado that I bought new for like 28k was on borrowed time is the main reason I pulled the trigger.

CanyonAg77 said:

---

Manhattan said:

---

If you pay the tax and get 0/72, it is an excellent financial decision...

---

Link to 6 year, no interest loans.

And if a car company is "giving" you 0%, they are taking it back in the form of a higher initial price,

---

Depends on one's negotiating approach. On the new cars I've bought, my starting bid was "invoice" before ANY incentives. Got what I wanted on all three.

In today's environment, it may not be tenable.