Engine10 said:

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2015 model @ 100k miles - Paid off gang rise up

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Here. 2016 model @ 86k miles. Paid off when I drove off the lot.

Americans in general all have a sense of entitlement when it comes to cars, eating out, fashion and technology. Some take it to the next level when they "buy" their homes.

CDUB98 said:

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I do also have a garage queen car that is fun and has been paid off for a long time, but I never get the chance to drive it. I literally put more miles on my bicycle last year than that car. If it weren't a rare car, I'd probably sell it, but it's holding value very well. Could still get very close, if not sticker value for it today, and it is 11 years old.

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While technically a car, this is more of a boat. Something you own for the fun and occasional use. It's not a daily driver owned to get the stuff in life done. I have one too, but probably not as nice as yours as you describe it. Mine got pushed into service with a daily driver down. (details not here)

AggieVictor10 said:

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

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There's no such animal left, unfortunately... "cash for clunkers" program eliminated the VAST majority of inexpensive cars and relegated society to newer "throw away" models.

All four are paid off. Three are over 130,000 miles.

Currently rebuilding suspension on one before I rebuild the suspension on another.

Touche. I wrote the check Friday for the Subie. So I guess I have had one for 95 days in 40 years.

aTm2004 said:

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Ok...so, are ya gonna let us know what it is?

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2013 Mustang Boss 302 Laguna Seca Edition. Only 750 made. *The picture below is not mine, but the same.

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And that's not even the entire purchase price of the vehicle as it excludes whatever the down payment was!

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It's the opposite if people are rolling neggity on their trade in to the new loan.

The Fife said:

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Quote:

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And that's not even the entire purchase price of the vehicle as it excludes whatever the down payment was!

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It's the opposite if people are rolling neggity on their trade in to the new loan.

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negative equity = neggity...I like it!

CDUB98 said:

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aTm2004 said:

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Ok...so, are ya gonna let us know what it is?

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2013 Mustang Boss 302 Laguna Seca Edition. Only 750 made. *The picture below is not mine, but the same.

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As a Chevy guy, that is a clean car. Congrats on owning that.

rgag12 said:

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I see lots and lots of young people driving new "luxury" sedans/small SUVs and new trucks.

I might be having an OK day, but it always makes me feel better when I pull alongside one of those kinds of vehicles knowing that I'm better at making decisions than a lot of people out there.

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.........but don't ask them to repay their student loans, right? The average student debt is just under $30K, but somehow that loan is too onerous to repay despite providing a lifetime economic advantage.

CDUB98 said:

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I do also have a garage queen car that is fun and has been paid off for a long time, but I never get the chance to drive it. I literally put more miles on my bicycle last year than that car. If it weren't a rare car, I'd probably sell it, but it's holding value very well. Could still get very close, if not sticker value for it today, and it is 11 years old.

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C'mon you can't leave us hanging like that.

I have one too. 2013 Shelby GT500 convertible. No plan to sell it though. Probably will be the last Ford SVT Shelby convertible produced. It's gone up in value $20k in two years.


Nice. Another Mustang. You posted while I was typing.

Funky Winkerbean said:

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Burdizzo said:

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Funky Winkerbean said:

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Allowing 7 year terms spurred the price expansion.

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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.

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

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Me. 2000 Celica that's been paid off since W was in office + 2007 Acura TSX inherited from my brother (original owner)

Quote:

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

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I generally drive my truck 2-3 years past payoff or to about 140K-150K miles. I put what would be my monthly payment into savings for that 2-3 years to use as a down payment on the next pickup. I never trade in the old vehicle. After I have my new truck I clean up the old one and put it up for sale by owner. Always get much more than I would get as a trade. A little extra effort but has always been worth it.

CDUB98 said:

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aTm2004 said:

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Ok...so, are ya gonna let us know what it is?

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2013 Mustang Boss 302 Laguna Seca Edition. Only 750 made. *The picture below is not mine, but the same.

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I am pretty sure I saw that sexy stang at least once cruisin OF during the time we lived there from 2013-2020. Sweet car.

Brittmoore Car Club said:

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CDUB98 said:

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aTm2004 said:

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Ok...so, are ya gonna let us know what it is?

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2013 Mustang Boss 302 Laguna Seca Edition. Only 750 made. *The picture below is not mine, but the same.

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I am pretty sure I saw that sexy stang at least once cruisin OF during the time we lived there from 2013-2020. Sweet car.

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99% likelihood it was me.

Jock 07 said:

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Teslag said:

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TAMU1990 said:

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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.

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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.

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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.

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The Odyssey has more interior room and easier ingress/egress access than a large SUV. You bought the SUV for looks and perception. It's okay to admit it.

CDUB98 said:

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I do also have a garage queen car that is fun and has been paid off for a long time, but I never get the chance to drive it. I literally put more miles on my bicycle last year than that car. If it weren't a rare car, I'd probably sell it, but it's holding value very well. Could still get very close, if not sticker value for it today, and it is 11 years old.

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The issue I have with garage queens for anything remotely modern is that it takes a lot to really do the maintenance required to keep them fully drivable. All the rubber bits underneath will wear out toward 20 years old, and there are a lot of various ball joints/electrical connectors/seals around doors/engine parts etc. that are rubber/plastic and just degrade. Anyway, mine are driven daily and at/under 11 years old but I'm curious if folks find replacing ball joints and stuff like that is worth it really.

schmellba99 said:

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Teslag said:

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TAMU1990 said:

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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.

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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.

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Thi sis rich coming from the guy that spends a metric shlt ton of money on an electric car.

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The Tesla is fun to drive for the acceleration, tech, and driving experience. There is quantifiable value that it comes with. It was also $72k out the door. That's not a ****load of money. At least it isn't to me.

Granted my car is only 23 but I haven't had to do any of that yet. It's not a total garage queen since it just hit 100K miles recently.

The only things that have worn out are the power door lock actuators. They have crappy brushes in the motor, it's a common thing for Toyotas of that vintage.

nortex97 said:

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CDUB98 said:

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I do also have a garage queen car that is fun and has been paid off for a long time, but I never get the chance to drive it. I literally put more miles on my bicycle last year than that car. If it weren't a rare car, I'd probably sell it, but it's holding value very well. Could still get very close, if not sticker value for it today, and it is 11 years old.

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The issue I have with garage queens for anything remotely modern is that it takes a lot to really do the maintenance required to keep them fully drivable. All the rubber bits underneath will wear out toward 20 years old, and there are a lot of various ball joints/electrical connectors/seals around doors/engine parts etc. that are rubber/plastic and just degrade. Anyway, mine are driven daily and at/under 11 years old but I'm curious if folks find replacing ball joints and stuff like that is worth it really.

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I bought a bay boat over the summer that had 110 hours on the outboard. I thought this was a great deal. Turns out that when boats aren't used ethanol eats them up and causes issues. I would have been better off with one used a bit more.

CDUB98 said:

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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.

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This is basically my truck. Got out of the door with it in 2015 for around $35k. Thought about looking for another one and noped out pretty damn fast. Absolutely wild prices.

AlaskanAg99 said:

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No savings, no retirement funds.

You'd be shocked at how many people don't realize that social security doesn't pay enough for them to retire at their current standard of living.

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LOL the Social Security Trust Fund is going bankrupt and out of money in 2032

what do the idiots think is going to happen in the next decade who are solely counting on SS payments?!?!

Engine10 said:

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CDUB98 said:

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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.

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This is basically my truck. Got out of the door with it in 2015 for around $35k. Thought about looking for another one and noped out pretty damn fast. Absolutely wild prices.

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Yep, I think $39k for me in Spring 2018. Aside from the glitchy SYNC system, have enjoyed it though and I honestly prefer the type of cloth they use now to leather. Especially with little kid and a dog. I can't imagine paying what they are asking now. I am hoping to take care of this truck and drive it into the dirt.

CanyonLakeAgbu said:

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We've been too busy keepin up with the Jones.

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Four car garage and we're still addin' on.

Manhattan said:

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Bubblez said:

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Funky Winkerbean said:

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Burdizzo said:

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Funky Winkerbean said:

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Allowing 7 year terms spurred the price expansion.

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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.

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

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Who doesn't ever drive a car that is fully paid off, at least for a few years, before buying something new?

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I don't have the time or patience to deal with a car out of warranty.

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You do realize that you can pay off a car before the warranty runs out, buy an overpriced extended warranty, or simply build up a cash reserve to pay for repairs or the down payment on the next car?

Having to pay for a repair out of pocket is cheaper than buying new cars frequently.

And I guess I don't understand how having to write a check is more trouble or hassle than the warranty nonsense

LMCane said:

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LOL the Social Security Trust Fund is going bankrupt and out of money in 2032

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I'm guessing that it will become means tested, or those of us with our own IRAs and 401Ks will be barred from SS

Gonna be a lot of pissed of folks if and when that is discussed.

nortex97 said:

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Gonna be a lot of pissed of folks if and when that is discussed.

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I'll be one of them simply because it is MY money. I'm working towards not needing it, but DAMMITT, I WANT MY MOTHER ****ING MONEY!!

CDUB98 said:

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nortex97 said:

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Gonna be a lot of pissed of folks if and when that is discussed.

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I'll be one of them simply because it is MY money. I'm working towards not needing it, but DAMMITT, I WANT MY MOTHER ****ING MONEY!!

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Yeah, I'd be happy with a lump sum repayment of all the money I put in.

D-Fens said:

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CanyonAg77 said:

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Manhattan said:

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Bubblez said:

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Funky Winkerbean said:

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Burdizzo said:

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Funky Winkerbean said:

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Allowing 7 year terms spurred the price expansion.

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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.

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

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Who doesn't ever drive a car that is fully paid off, at least for a few years, before buying something new?

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I don't have the time or patience to deal with a car out of warranty.

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You do realize that you can pay off a car before the warranty runs out, buy an overpriced extended warranty, or simply build up a cash reserve to pay for repairs or the down payment on the next car?

Having to pay for a repair out of pocket is cheaper than buying new cars frequently.

And I guess I don't understand how having to write a check is more trouble or hassle than the warranty nonsense

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Look who you are talking to.

No, he doesn't realize that. I have serious doubts as to whether he/she/it/ze knows how to change a tire, check the oil, etc. Hell, filling it with gas is probably icky enough. Changing disc brake pads would probably be enough to nearly do it in.

lb3 said:

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Funky Winkerbean said:

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Allowing 7 year terms spurred the price expansion.

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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.

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is this before or after taxes?

Teslag said:

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schmellba99 said:

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Teslag said:

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TAMU1990 said:

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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.

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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.

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Thi sis rich coming from the guy that spends a metric shlt ton of money on an electric car.

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The Tesla is fun to drive for the acceleration, tech, and driving experience. There is quantifiable value that it comes with. It was also $72k out the door. That's not a ****load of money. At least it isn't to me.

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All FOUR of my current vehicles' sticker prices do not sum up to $72k.

CDUB98 said:

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nortex97 said:

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Gonna be a lot of pissed of folks if and when that is discussed.

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I'll be one of them simply because it is MY money. I'm working towards not needing it, but DAMMITT, I WANT MY MOTHER ****ING MONEY!!

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Yep.

But whatever you do, don't do a calc on what that money could do for you if it wasn't forcibly taken from you against your will at zero interest and not even getting the full amount back, especially if you apply something like a modest 5% gain annually.

That will absolutely depress the ish out of you.