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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schmellba99 said:

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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.

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• Banks wrote these notes. They wrote them based on credit score and their credit. If it doesn't impact you, why does anyone care how much their car payment is?
• Dealers are in the clear usually after 90 days of the sale. They will make their profit after that time from their bank.
• We are getting ready to see a ton of repos hitting the market. While used car prices are stabilizing, you'll see them drop in the next 3 months. Banks will get those repo'ed cars back, and sell them at auction. Dealers will have used inventory coming.
• New car prices will come back to pre pandemic prices(you're already seeing this with GM and Ford) as supply chain issues continue to resolve.
• Elon Musk is messing with Tesla new car prices that is wreaking havoc on their used cars. It's quite fun to watch.
• Oh, and banks are *******s. Y'all remember that.

LMCane said:

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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?

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Quote:

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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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schmellba99 said:

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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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Awww, look at you. Super awesome rich guy in the house!

Love how the features you describe are "quantifiable values", but somebody choosing to drive a Tahoe or something over a minivan is "wasted dollars for personal insecurity".

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Tom Doniphon said:

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Quote:

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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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Such a f'ing big baller!

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Charpie said:

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So much to unpack here.

• Banks wrote these notes. They wrote them based on credit score and their credit. If it doesn't impact you, why does anyone care how much their car payment is?
• Dealers are in the clear usually after 90 days of the sale. They will make their profit after that time from their bank.
• We are getting ready to see a ton of repos hitting the market. While used car prices are stabilizing, you'll see them drop in the next 3 months. Banks will get those repo'ed cars back, and sell them at auction. Dealers will have used inventory coming.
• New car prices will come back to pre pandemic prices(you're already seeing this with GM and Ford) as supply chain issues continue to resolve.
• Elon Musk is messing with Tesla new car prices that is wreaking havoc on their used cars. It's quite fun to watch.
• Oh, and banks are *******s. Y'all remember that.

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HumpitPuryear said:

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schmellba99 said:

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Highway6 said:

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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.

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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.

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For me that's the argument for paying cash. I pay cash for gently used toys like boats and sports cars where the interest rate to borrow is high but try to find the .9% financing deal on new car daily drivers. I figure if I can't pay cash for the toy I shouldn't buy the toy.

Recently bought a boat from a guy that had it financed for for 15 years. Crazy what he would have paid for that boat if he had paid the loan out. Of course most people aren't keeping a boat for 15yrs so they are basically renting it. In his case he had it for two years. Took it out probably 3 or 4 times. Each trip cost him about $3000 if you average his down payment and total of his monthly payment over two years. .

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CDUB98 said:

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Why did y'all have to get the guy started on Tesla? The thread is now ruined.

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Quote:

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If it doesn't impact you, why does anyone care how much their car payment is?

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CanyonAg77 said:

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Quote:

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If it doesn't impact you, why does anyone care how much their car payment is?

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Because when people are financially irresponsible, it affects us through higher interest rates and government bailouts.

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Teslag said:

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schmellba99 said:

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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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Awww, look at you. Super awesome rich guy in the house!

Love how the features you describe are "quantifiable values", but somebody choosing to drive a Tahoe or something over a minivan is "wasted dollars for personal insecurity".

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A zero to 60 time is quantifiable. The car driving itself in traffic is quantifiable. An odyssey has more quantifiable value and function backed up by actual values over a large SUV. Unless you are towing or live somewhere requiring ability to drive over rough terrain there is no non-superficial reason to have a large SUV over a minivan.

And again, a $72k car (that is offset in cost by fuel savings and lack of maintenance) does not indicate a "rich person".

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Charpie said:

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The banks are sitting on a ton of cash. They are going to be just fine

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Teslag said:

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Tom Doniphon said:

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Quote:

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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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Such a f'ing big baller!

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There is nothing "baller" about a $72k car, especially one in which the true cost is much lower after fuel and maintenance savings.

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If you have Tesla Insurance, night driving will raise your monthly premiums. C’mon Elon, we need dinner after dark!

— SergiXPlaid👀 (@SergiXPlaid) January 28, 2023

Charpie said:

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How does one equal the other? You're conflating two separate issues.

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AlaskanAg99 said:

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Safety and emission equipment drive a lot of the price as well. Then the bells and whistles push it over the top. Drove an '03 until '20 when it finally died, replaced it with a 3yr old Pilot that only had 9k on the ODO.

Wife had an '02 that we replaced in '19 and now she wants another car. I might strangle her.

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nortex97 said:

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Teslag said:

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Tom Doniphon said:

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Quote:

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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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Such a f'ing big baller!

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There is nothing "baller" about a $72k car, especially one in which the true cost is much lower after fuel and maintenance savings.

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C'mon, don't leave out the tidbit you've added on the forum elsewhere; it was $72K out the door to the credit union you leased it from.

Oh, and you have sky high insurance premiums compared to others. But, don't worry, Tesla is going to sell you their own insurance, right? EV's are saved/cheaper again?

If you have Tesla Insurance, night driving will raise your monthly premiums. C’mon Elon, we need dinner after dark!

— SergiXPlaid👀 (@SergiXPlaid) January 28, 2023

Sure, just don't drive it at night. LOL.

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Teslag said:

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Tom Doniphon said:

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Quote:

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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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Such a f'ing big baller!

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There is nothing "baller" about a $72k car, especially one in which the true cost is much lower after fuel and maintenance savings.

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Tom Doniphon said:

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Quote:

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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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Such a f'ing big baller!

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Teslag said:

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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.

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aTm2004 said:

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Teslag said:

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Tom Doniphon said:

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Quote:

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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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Such a f'ing big baller!

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There is nothing "baller" about a $72k car, especially one in which the true cost is much lower after fuel and maintenance savings.

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Say someone buys a Camry for $30k and gas averages $3/gal, that extra $42k will buy enough gas to get them approx 400k miles down the road if they average 30 mpg.

And what kind of maintenance savings does a Tesla have? Still has brakes and tires, but what about the batteries? I honestly don't know, so am curious.

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Teslag said:

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aTm2004 said:

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Teslag said:

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Tom Doniphon said:

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Quote:

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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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Such a f'ing big baller!

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There is nothing "baller" about a $72k car, especially one in which the true cost is much lower after fuel and maintenance savings.

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Say someone buys a Camry for $30k and gas averages $3/gal, that extra $42k will buy enough gas to get them approx 400k miles down the road if they average 30 mpg.

And what kind of maintenance savings does a Tesla have? Still has brakes and tires, but what about the batteries? I honestly don't know, so am curious.

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If someone is in the market for a basic 4 door sedan then a Tesla is a poor choice. The Camry will suite them better and return better value.

The only maintenance you will need on a Tesla is wiper fluid, tires, and brake pads at 150,000 miles. The car sparingly uses the brakes when slowing or stopping. I don't often use the brake pedal in normal driving.

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