Bought a new car

[stonedstooge]

Does the girl get up and go?

[Tombstone RJ]

Fantabulous! What's your car payment now? Seriously, no one should have a car payment.

Think about this homey with the new car: if you took your car payment and put it away into a savings account, you'd be able to buy a nice car for cash in a short amount of time.

JMHO of course. But I hate to see people get straddled down with bad debt.

[Coach]

Originally Posted by Tombstone RJ

Fantabulous! What's your car payment now? Seriously, no one should have a car payment.

Think about this homey with the new car: if you took your car payment and put it away into a savings account, you'd be able to buy a nice car for cash in a short amount of time.

JMHO of course. But I hate to see people get straddled down with bad debt.

This is true and I have considered that route. The problem that I am having was, my old car was still worth a lot of value, (trade-in) and I also checked the increase of insurance and what not.

Basically, it's around the neighborhood of $300 a month, so it's not too terribly bad. I also made sure that I still have enough revenue after all the bills are paid off (including the car payment), and I'm still sitting pretty good.

[Buehler445]

Originally Posted by houstonwhodat

I bought a 2009 Lexus ES 350 new and it's is a great car.

But man what a ****ing waste of money.

I'm thinking of selling it and getting me a cash car for 3,000.

**** it.

Heh. I've considered this route. And I kind of have for my work pickup. I paid cash for one with a salvage title three years ago. I think it was in the $13K range and was a pretty nice pickup. Of course, I've got some wear on it, and the country roads are not kind to any vehicle. And it is afterall a farm pickup and I'm trying to keep the return there (it has done really well for me). I like it, it's home, it does what I want it to do, and I've got it set up like I want. It's a good pickup.

But I bought my wife a car and we kept her old car around as a backup. And GODDAMN they are a lot more pleasurable to drive than my old sex wagon.

It is tough for me to dissent from the numbers game, but for people with long commutes like my wife, there is some value to having a better car. Putting a dollar amount on the value is tough, but as long as I'm fiscally able to I'm going to keep her in a nicer car. I'm sure the new car and the backup car are nowhere near as nice as some on here, but there is definitely a value to driving a nice driving car vs some old pickup. $30,000 of value? Probably not, but there is some value.

[Buehler445]

Originally Posted by Coach

This is true and I have considered that route. The problem that I am having was, my old car was still worth a lot of value, (trade-in) and I also checked the increase of insurance and what not.

Basically, it's around the neighborhood of $300 a month, so it's not too terribly bad. I also made sure that I still have enough revenue after all the bills are paid off (including the car payment), and I'm still sitting pretty good.

Good on you buddy. It's a pretty sweet looking car.

I'm not trying to tell you how to handle your business, but I don't amortize the loans for more than 3 years on vehicles. I did it one time, and if I hadn't put so much down it would have been really easy to get upside down on it. And at that point it is kind of a vicious cycle, if you try to trade. Newer cars just lose too much value in 5 years.

JMO. Some guys set it up longer and pay extra principle. That's fine, I just don't ever get around to it, and the rates are much more favorable (right now) in the 3 year notes, that it wasn't worth it.

The other thing is that the interest rates are so low, that on my wifes car (no trade in) I didn't put much down and kept the money. It was going to cost us like $200 to keep our $6,000. My payments are pretty high, but if I've got the cash to use if I need it for the car or something else.

[Coach]

Originally Posted by Buehler445

Good on you buddy. It's a pretty sweet looking car.

I'm not trying to tell you how to handle your business, but I don't amortize the loans for more than 3 years on vehicles. I did it one time, and if I hadn't put so much down it would have been really easy to get upside down on it. And at that point it is kind of a vicious cycle, if you try to trade. Newer cars just lose too much value in 5 years.

JMO. Some guys set it up longer and pay extra principle. That's fine, I just don't ever get around to it, and the rates are much more favorable (right now) in the 3 year notes, that it wasn't worth it.

The other thing is that the interest rates are so low, that on my wifes car (no trade in) I didn't put much down and kept the money. It was going to cost us like $200 to keep our $6,000. My payments are pretty high, but if I've got the cash to use if I need it for the car or something else.

Yeah, and since it's $300 a month, I'm going to be paying off $400 anyways, to pay it off a little faster. Plus, if all things goes well without any issues until 2014 tax return, I plan on using that refund to pay a good chunk of the car payment as well.

Of course, we can't predict the future, but at least we can try to prepare for it as the best we can.

[Hammock Parties]

Looks like a Honda Accord.

[bevischief]

I got a new dent today. Old folks backed into my parked truck at the gas station. I Have 97 Toyota T100 that insurance wants to get rid of. I have a new dent on the right side of my rear bumper but he lost more than that. I walkout and say that ok. And it is not snowing yet. To fix his car at least $200 bucks mine I don't care. I have about 300,000 on the truck so I looking for something to total it.

[Dayze]

I knew you were a cop.

[Coach]

Originally Posted by Dayze

I knew you were a cop.

GET YOUR HANDS UP!!!

[RedandGold]

Nice little grocery-getter

[mlyonsd]

Good for you Coach. Enjoy.

[R8RFAN]

Beautiful car, I could buy one cash tomorrow / Monday but I am too cheap.... Enjoy the ride, it's a beauty

[Sfeihc]

Boss. Well done, sir.

[Easy 6]

AWD with a Hemi? thats a very nice ride, pay no mind to the Dodge naysayers, that company has truly upped its game in the last 7-8 years.