Pro New Vehicle Buyers

[R8RFAN]

I haven't bought a car since 2005 so I am not real sharp on this...

Internet Price $27,926.00

I want to put atleast half down on this and pay it off in a year or 2 max

How much should I pay for this truck?

http://thumbnails110.imagebam.com/31990/bb5fbf319890198.jpg (http://www.imagebam.com/image/bb5fbf319890198)

[TribalElder]

10.00 :shrug:

It's a dodge bro ROFL

[R8RFAN]

10.00 :shrug:

It's a dodge bro ROFL

That's not nice... I am a Ford guy but the Fords or Chevys don't impress me anymore

[DaKCMan AP]

Why do you want to pay it off in a year or two, max? It's possible to finance for 1.99% or less and you can earn more than that on your $$.

:shrug:

[R8RFAN]

Why do you want to pay it off in a year or two, max? It's possible to finance for 1.99% or less and you can earn more than that on your $$.

:shrug:

I can't stand owing money or payments... Some kind of OCD shit with me

[rockymtnchief]

Need more details. 3/4 or 1/2 ton, options, etc...

Have you looked on Kelly Blue Book yet?

[Jimmya]

Yes.... Value is needed to make a better assessment. Year model and mileage?

[R8RFAN]

Year: 2014
Make: Ram
Model: 1500
Trim: 2WD Quad Cab 140.5" Express

Exterior Color: Black Clearcoat
Engine: 5.7L V8 Hemi MDS VVT Engine
MSRP: $35,420.00

[TribalElder]

2wd as in no 4x4?

If so :facepalm:

[TambaBerry]

I recommend signing up for consumerreports it is a great source for getting the bottom dollar on cars. Also buy it at the end of the month.

[rockymtnchief]

Year: 2014
Make: Ram
Model: 1500
Trim: 2WD Quad Cab 140.5" Express

Exterior Color: Black Clearcoat
Engine: 5.7L V8 Hemi MDS VVT Engine
MSRP: $35,420.00

I'm a tight ass when it comes to vehicles, so don't get offended. I got a loaded Ford F150 with 4-wheel drive for $23,500.

At 28K, I want all 4 wheels to engage. (Montana snow, mountains, etc...)

Looks wise, it's a sharp looking ride. :thumb:

[Saulbadguy]

Several thousand less than what they are asking.

[Chiefs Pantalones]

It's American so you'll likely be buying another one again before your 2 year payoff window. Get a Toyota or Nissan man. And for heaven's sake, don't choose the color black. ;)

[R8RFAN]

Damn... My 2001 4wd PAID FOR Explorer with 51k on it is looking alot better suddenly...

I changed my mind...

[El Jefe]

Year: 2014
Make: Ram
Model: 1500
Trim: 2WD Quad Cab 140.5" Express

Exterior Color: Black Clearcoat
Engine: 5.7L V8 Hemi MDS VVT Engine
MSRP: $35,420.00


2WD? I would pass on that.

[R8RFAN]

We don't get enough white shit here to really justify 4wd... Besides that I already have a 4wd vehicle

[El Jefe]

It's American so you'll likely be buying another one again before your 2 year payoff window. Get a Toyota or Nissan man. And for heaven's sake, don't choose the color black. ;)

No color looks better than black WHEN it's clean, no color is harder to keep clean than black. Having had 3 black cars, I can agree completely with Pantalones.

[R8RFAN]

It looks great with the Raiders stuff :)

[Lzen]

It's American so you'll likely be buying another one again before you 2 year payoff window. Get a Toyota or Nissan man. And for heaven's sake, don't choose the color black. ;)

This doesn't apply to all American vehicles. And especially not trucks. I'm still driving my 2003 F150. Runs like a champ.

[Pasta Little Brioni]

Never buy new man

[seaofred]

It's American so you'll likely be buying another one again before your 2 year payoff window. Get a Toyota or Nissan man. And for heaven's sake, don't choose the color black. ;)

Isn't Toyota trucks (Tundra/Tacoma) built in Texas? Isn't Nissan trucks built in Tenn.?

[Bugeater]

Just put it on your credit card bro.

[Chief_For_Life58]

Isn't Toyota trucks (Tundra/Tacoma) built in Texas? Isn't Nissan trucks built in Tenn.?

the money doesn't stay in those states though.

ram has really stepped up their game in the past 5 years. They spun off into their own company so I don't think they're installing all those worthless Chrysler parts anymore. you're not pulling anything you should get the v6 8 speed.

[Eleazar]

Year: 2014
Make: Ram
Model: 1500
Trim: 2WD Quad Cab 140.5" Express

Exterior Color: Black Clearcoat
Engine: 5.7L V8 Hemi MDS VVT Engine
MSRP: $35,420.00

Nice rig. :thumb:

[ChiTown]

Never buy new man

I always buy new. I fully recognize that I have flaws, and this is one of them.

I've purchased one used car in my life - when I was 15, I bought a 1970 Cutlas that lasted me through College. Once I graduated from College, I had Company Cars I drove for the next 12 years after that. Thereafter, I have purchased nothing but new cars. Like I said, I'm flawed.

[Eleazar]

the money doesn't stay in those states though.


Plenty of workers get paid at Toyota assembly in Texas.

Toyota is a publicly traded company which is owned by the same stock market shareholders as every other company.

As far as the parts content:

http://blogs.cars.com/.a/6a00d83451b3c669e201630245a4d0970d-800wi

[Chief_For_Life58]

the workers get paid but the bulk of the money goes over seas right? But I don't really know how these corporations work. I've got nothing against Toyota or Nissan they make great long lasting cars. I'm just sayin

[Simplicity]

I'd never buy a 2wd truck. I see really no point in having a truck if it's just going to be 2wd.

My 4wd 98 Chevy ZR2 runs great though ;)

[hometeam]

Tell them you will buy the vehicle at invoice minus holdback, minus rebates. Then you have sucked the very life out of them and they make zero.

[hometeam]

ITT: bad advice~

[BigMeatballDave]

I'd never buy a 2wd truck. I see really no point in having a truck if it's just going to be 2wd.

My 4wd 98 Chevy ZR2 runs great though ;)

Depends on your location. If there's no snow, 2wd is fine.

[BigMeatballDave]

A very good friend of mine usually buys new.

He's 42 and has only had 5 cars in his life. 3 he's bought new.

Just bought a 2014 Malibu. Sweet ride. Paid cash. Loaded. $34k. Courtesy of his grandmother dying.

[Lzen]

I'd never buy a 2wd truck. I see really no point in having a truck if it's just going to be 2wd.

My 4wd 98 Chevy ZR2 runs great though ;)

There are plenty of reasons to have a 2WD truck. For me, those reasons were:

A: Didn't need 4WD since I live in the city
B: Trucks are great for hauling stuff and I was tired of always having to borrow my FIL's Tundra
C: 2WD gets better gas mileage
D: 4WD means higher possibility of and/or more expensive repairs (don't know how true this one is - it's just something a car guy told me)

[Buehler445]

Hey man, if you want a new one and can afford it, fuck it.

If you're looking for a "good buy", there is definitely better value in an older model.

Black is harder than hell to keep clean, and little bitty nothing scratches show like a mo-fo.

It's hard to tell from the photo, but it looks like it's got low profile tires. Get the number and go price some new ones before you buy it.

When you negotiate tell them you're not trading any thi8ng and work them over about it. They will give you a better deal in cash than trading.

My recommendation on the money is put as little down as possible, amortize it for the 2 years you wanted, put the other half in a savings account, start a new one if it makes you feel better. Make payments, add any extra principle to your savings account. When the time is right, pay the bitch off. That way you hold on to your money and can use it in case shit gets real. Or you can use it to make payments if you're a little short one month.

[Jimmya]

I agree, no major need for a 4 wheel drive in a city.

[Simplicity]

Depends on your location. If there's no snow, 2wd is fine.

I view if you're going to get a truck, you should have some uses for it... 2wd kinda sucks if you're pulling someone out of a ditch after a drifting sesh (personal experience)... But I guess if you want to spend 20-30k on something you'll only use to pack the ol' deer into every other fall-winter, that's fine.

[Eleazar]

Depends on your location. If there's no snow, 2wd is fine.

Sometimes you can get a 2WD pickup that has a rear locker, I know the Tacomas come with this option. That would be a pretty decent compromise if you live in an area that doesn't have much winter.

[Buehler445]

Damn... My 2001 4wd PAID FOR Explorer with 51k on it is looking alot better suddenly...

I changed my mind...

How on Earth do you have an 01 with 50K? Do you hibernate half the year or something?

This doesn't apply to all American vehicles. And especially not trucks. I'm still driving my 2003 F150. Runs like a champ.

Yeah, I have an 06 I bought on salvage. It's been rode hard and put up wet. No problems. Other than being rattly and noisy and the seats worn out.

There are plenty of reasons to have a 2WD truck. For me, those reasons were:

A: Didn't need 4WD since I live in the city
B: Trucks are great for hauling stuff and I was tired of always having to borrow my FIL's Tundra
C: 2WD gets better gas mileage
D: 4WD means higher possibility of and/or more expensive repairs (don't know how true this one is - it's just something a car guy told me)

Eh, you're overstating the repairs unless you run it in 4WD on dry pavement (don't do that. Ever.). I have an 06 Sierra that I bought with a salvage title. It has 130K on it and I've never worked on the transfer case. Ever. The only transfer case we've had to work on is one that has >200K. At that point, particularly if it is a farm pickup, it needs to go anyway.

[hometeam]

When you people need car buying advice just ask ol hometeam, he'll set ya straight.

[Eleazar]

There are plenty of reasons to have a 2WD truck. For me, those reasons were:

A: Didn't need 4WD since I live in the city
B: Trucks are great for hauling stuff and I was tired of always having to borrow my FIL's Tundra
C: 2WD gets better gas mileage
D: 4WD means higher possibility of and/or more expensive repairs (don't know how true this one is - it's just something a car guy told me)

Most obviously 4WD is going to be a $1-2k option... lot of coin for something if you're never going to use it.

[Buehler445]

When you people need car buying advice just ask ol hometeam, he'll set ya straight.

You know anything about GM?

[Lzen]

Most obviously 4WD is going to be a $1-2k option... lot of coin for something if you're never going to use it.

Thanks. I forgot that one. :thumb:

Yeah, 4WD would be nice around here in the winter but it's not a necessity for me. As long as I have good tires I get around okay in the snow.

[Buehler445]

Thanks. I forgot that one. :thumb:

Yeah, 4WD would be nice around here in the winter but it's not a necessity for me. As long as I have good tires I get around okay in the snow.

I think some weight in the back will go a long way to running in winter, unless it is super slick, but I want nothing to do with 2 wheel Rear Wheel Drive. Ever.

[Eleazar]

Thanks. I forgot that one. :thumb:

Yeah, 4WD would be nice around here in the winter but it's not a necessity for me. As long as I have good tires I get around okay in the snow.

I drove a 2WD truck through 5 or 6 Missouri winters in college and after, and I got around fine with sandbags and decent tires.

[Lzen]

When you people need car buying advice just ask ol hometeam, he'll set ya straight.

Aren't you a car salesman? :spock:

[Lzen]

I drove a 2WD truck through 5 or 6 Missouri winters in college and after, and I got around fine with sandbags and decent tires.

Funny thing is that I've never put sandbags or any other kind of weight in my truck in the winter. And I've owned the thing for 9 years. I guess it must just have enough weight as it is. Decent tires are extremely important, though.

[Buehler445]

Funny thing is that I've never put sandbags or any other kind of weight in my truck in the winter. I guess it must just have enough weight as it is. Decent tires are extremely important, though.

Honestly, I'd see if you can get some old suitcase weights off an old tractor. They don't take up much space and you can move them around and stuff.

[hometeam]

Aren't you a car salesman? :spock:

Yes.


I am a professional salesperson, I know how dealerships and car sales of all kinds work inside and out. My advice is always free, and I will not steer you wrong.

[Buehler445]

Suitcase weights FWIW

http://www.tractorbynet.com/forums/attachments/customization/28314d1096848973-use-universal-suitcase-weights-kubota-506512-dsc02034.jpg

Deere ones are 100 lb and probably a little bit taller than that.

Or you could just go get some fat whores off Craigslist and throw them in the back.

[hometeam]

You know anything about GM?

Depends. All processes are the same for selling.

[Buehler445]

Depends. All processes are the same for selling.

I meant the models.

[Eleazar]

Funny thing is that I've never put sandbags or any other kind of weight in my truck in the winter. And I've owned the thing for 9 years. I guess it must just have enough weight as it is. Decent tires are extremely important, though.

I lived in an area for a few years where we'd get 60+ inches of snow a year, and I had a Toyota Tacoma at the time that was 4WD. It was great, but after I put some All-Terrains on it I didn't often have to turn 4WD on to feel secure. The tires did fine on their own in most cases.

Tires are a huge factor, and bigger/wider is not always better.

[burt]

I recommend signing up for consumerreports it is a great source for getting the bottom dollar on cars. Also buy it at the end of the month.

True.

[burt]

It's American so you'll likely be buying another one again before your 2 year payoff window. Get a Toyota or Nissan man. And for heaven's sake, don't choose the color black. ;)

Someones living in the past....... Check out J.D. Powers initial quality report....then get back to us...

[burt]

Tell them you will buy the vehicle at invoice minus holdback, minus rebates. Then you have sucked the very life out of them and they make zero.

and the dealer will pass.

[burt]

Hey man, if you want a new one and can afford it, fuck it.

If you're looking for a "good buy", there is definitely better value in an older model.

Black is harder than hell to keep clean, and little bitty nothing scratches show like a mo-fo.

It's hard to tell from the photo, but it looks like it's got low profile tires. Get the number and go price some new ones before you buy it.

When you negotiate tell them you're not trading any thi8ng and work them over about it. They will give you a better deal in cash than trading.
.

LMFAO!!! PLEASE COME BUY A VEHICLE FROM ME....cause you have NO clue.

[burt]

You know anything about GM?

I do.

[Bewbies]

Since 2009 Toyota has recalled more vehicles than they've sold. They're living off their reputation from the 80's.

[burt]

Heck, I looked it up for ya...

[Bugeater]

Never buy new man

You do know where used vehicles come from, right?

[TLO]

I'd never buy a 2wd truck. I see really no point in having a truck if it's just going to be 2wd.

My 4wd 98 Chevy ZR2 runs great though ;)


Agreed. It's like buying a V6 Mustang/ Camaro.

What's the point?

[CoMoChief]

Year: 2014
Make: Ram
Model: 1500
Trim: 2WD Quad Cab 140.5" Express

Exterior Color: Black Clearcoat
Engine: 5.7L V8 Hemi MDS VVT Engine
MSRP: $35,420.00
35k and no 4wd?

I have some beach front property in OK I'd like to sell you.

[jd1020]

Sandbags?

Seems like an unnecessary means of weighing your truck down. Fucking throw the snow you are shoveling in the back and it will melt away when it gets warmer...

[Halfcan]

Buy a one or two year used when that still has the factory warranty, then add an extended warranty onto that for drive train and major engine problems. You will save at least 30% or more off of new and have a truck that will last you 20 years.

New is for suckers-once you drive it off the lot you instantly lose 10 percent.

[seaofred]

Buy a one or two year used when that still has the factory warranty, then add an extended warranty onto that for drive train and major engine problems. You will save at least 30% or more off of new and have a truck that will last you 20 years.

New is for suckers-once you drive it off the lot you instantly lose 10 percent.

That only affects the people that trade in every couple of years. If you buy new, and drive it until it's paid off or after, that doesn't affect you. I personnely only buy used, but that's because I like to save the 30% you mentioned.

For instance I bought the truck I drive now. It's a 2006 Silverado, I bought it in Febuary of 2007. Someone had already put 20,000 miles on it, but I got it for $15,000 less than the brand new 2007 sitting next to it.

[burt]

New is for suckers-once you drive it off the lot you instantly lose 10 percent.

More than 10%

[Lzen]

That only affects the people that trade in every couple of years. If you buy new, and drive it until it's paid off or after, that doesn't affect you. I personnely only buy used, but that's because I like to save the 30% you mentioned.

For instance I bought the truck I drive now. It's a 2006 Silverado, I bought it in Febuary of 2007. Someone had already put 20,000 miles on it, but I got it for $15,000 less than the brand new 2007 sitting next to it.

$15000 LESS? Yikes! How much were they asking originally?

I bought my 2003 F150 in 2005. It had 25k miles and they were originally asking $21000. I paid $17250.

[SLAG]

1 - If you can't pay for it 100% in cash you can't afford it
2 - Don't buy a New car unless you have $1M Net worth where you can afford to lose the depreciation.
3 - Don't have things with motors in them if they are more than 1/2 your yearly income

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[seaofred]

$15000 LESS? Yikes! How much were they asking originally?

I bought my 2003 F150 in 2005. It had 25k miles and they were originally asking $21000. I paid $17250.

At the time I bought my truck, new quad cab 4x4 Silverado's were going for $35,000. I bought mine used for $20,000.

[Lzen]

At the time I bought my truck, new quad cab 4x4 Silverado's were going for $35,000. I bought mine used for $20,000.

Good Lord, that is way too much. Not saying you didn't get a good deal. I don't really know. But $35,000 for that truck sounds way high to me. I supposed $20k may be reasonable. Or perhaps it wasn't. Did you look up NADA and/or Kelly Blue Book?

[Lzen]

1 - If you can't pay for it 100% in cash you can't afford it
2 - Don't buy a New car unless you have $1M Net worth where you can afford to lose the depreciation.
3 - Don't have things with motors in them if they are more than 1/2 your yearly income

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Love Dave Ramsey. And we're trying to do the methods he teaches. Of course, doing those things is sometimes easier said than done. While we may have always used loans to pay for our vehicles, we're not getting sub prime loans. Geez, I can't imagine paying 10%, 15%, 17% on a car loan. :shake:

[SLAG]

Love Dave Ramsey. And we're trying to do the methods he teaches. Of course, doing those things is sometimes easier said than done. While we may have always used loans to pay for our vehicles, we're not getting sub prime loans. Geez, I can't imagine paying 10%, 15%, 17% on a car loan. :shake:

We've been on his plan for a little over a year

We've paid off close to $15k in debt
I've got $300 left on my truck and thats our last debt.

We've saved over $700 a year in overdraft charges by switching to cash + the budget

We've sold the TV

We're trying to live like no one else so later ... we can live like no one else...

Now as a personal admission.. the only thing I have not done that he says to do... is to stop contributing to my 401k - I just can't let go of that match

[Perineum Ripper]

I just bought a brand new 2014 Volkswagen Passat TDI a couple weeks ago and love it..stricker price was $29465 and got it for $23000..so far I love it..first new vehicle I have ever bought..very happy with it so far..plan on owning it for a long time only reason I bought brand new

[Frosty]

At the time I bought my truck, new quad cab 4x4 Silverado's were going for $35,000. I bought mine used for $20,000.

In 2005, I bought a brand new 2005 extended cab Silverado Z71 4x4. Sticker on it was $33,000. I rolled out of there with it for $25,200. Six years later, I traded it for my Forester and got $12K (real) trade. I didn't think that was too bad.

I understand buying used to save money (my Forester was an '09 with 14.5K miles and a lot cheaper than new), but sometimes it's nice to get a car or truck in the color and with the features you want and not based on whatever you can find.

[Al Bundy]

A very good friend of mine usually buys new.

He's 42 and has only had 5 cars in his life. 3 he's bought new.

Just bought a 2014 Malibu. Sweet ride. Paid cash. Loaded. $34k. Courtesy of his grandmother dying.

I just bought my first brand new car and it is 2014 Malibu LT2 with the turbo in it. I paid cash and it is a sweet ride. 25000.00

[The Franchise]

We've been on his plan for a little over a year

We've paid off close to $15k in debt
I've got $300 left on my truck and thats our last debt.

We've saved over $700 a year in overdraft charges by switching to cash + the budget

We've sold the TV

We're trying to live like no one else so later ... we can live like no one else...

Now as a personal admission.. the only thing I have not done that he says to do... is to stop contributing to my 401k - I just can't let go of that match

Did you have to pay for his plan or is it free?

[seaofred]

Good Lord, that is way too much. Not saying you didn't get a good deal. I don't really know. But $35,000 for that truck sounds way high to me. I supposed $20k may be reasonable. Or perhaps it wasn't. Did you look up NADA and/or Kelly Blue Book?


Oh yeah, I only go by NADA. Kelly Blue Book isn't very accurate anymore. Heck, right now a quad Cab Silverado start out on the sticker at like $48,000. I ended up paying something like $2000 under NADA.

[Lzen]

Since the early/mid 90s I have always bought vehicles that were used but between 2-4 years old. Last year, I bought my first ever brand new vehicle. Although, it was exactly a vehicle. It was a 2013 Road King with just 5 miles on the odometer. :)

[Bearcat]

We've been on his plan for a little over a year

We've paid off close to $15k in debt
I've got $300 left on my truck and thats our last debt.

We've saved over $700 a year in overdraft charges by switching to cash + the budget

We've sold the TV

We're trying to live like no one else so later ... we can live like no one else...

Now as a personal admission.. the only thing I have not done that he says to do... is to stop contributing to my 401k - I just can't let go of that match

Why the hell would he say that? :spock:

[Lzen]

Why the hell would he say that? :spock:

That sounds strange, but I haven't watched all of the DVDs yet so I'm sure he explains and has good reason.

[SLAG]

That sounds strange, but I haven't watched all of the DVDs yet so I'm sure he explains and has good reason.

The reason is...
You need the extra cash to get out of debt.. and build your emergency fund.

You need every dime you can squeeze.

If you don't have an Emergency where is the first place you'll take from / borrow from? - the 401k - then you get penalized , so you build up the ER Fund first.

[SLAG]

Did you have to pay for his plan or is it free?

Its free

http://www.ipistrategies.com/Baby_Steps.pdf

He as a Book " The Total Money Makeover" I've gotten several copies on ebay for less than $9

His radio show is excellent too and is about to start

http://www.daveramsey.com/show/videos/

[Dunit35]

We've been on his plan for a little over a year

We've paid off close to $15k in debt
I've got $300 left on my truck and thats our last debt.

We've saved over $700 a year in overdraft charges by switching to cash + the budget

We've sold the TV

We're trying to live like no one else so later ... we can live like no one else...

Now as a personal admission.. the only thing I have not done that he says to do... is to stop contributing to my 401k - I just can't let go of that match

I follow his method loosely. Still dropping $50-75 a month in fast food but was near or above $200 a month last year. Paid off $5300 on top of our minimum monthly payments so far this year. I'd like to get to $10k by year's end but won't be heart broken if I don't.

[The Franchise]

Its free

http://www.ipistrategies.com/Baby_Steps.pdf

He as a Book " The Total Money Makeover" I've gotten several copies on ebay for less than $9

His radio show is excellent too and is about to start

http://www.daveramsey.com/show/videos/

What kind of budget do you use?

[SLAG]

What kind of budget do you use?

He calls it the Zero Based budget

Take out a Piece of paper and write your income at the top for the month or pay period or whatever

Sit down with your wife if you have one

and you give every dollar a name before the month begins.

Every dollar is spent and has a mission ahead of time.

There are example budget forms in the back of the total money makeover - and here:

https://www.daveramsey.com/tools/budget-forms/

[Halfcan]

We've been on his plan for a little over a year

We've paid off close to $15k in debt
I've got $300 left on my truck and thats our last debt.

We've saved over $700 a year in overdraft charges by switching to cash + the budget

We've sold the TV

We're trying to live like no one else so later ... we can live like no one else...

Now as a personal admission.. the only thing I have not done that he says to do... is to stop contributing to my 401k - I just can't let go of that match

Exactly a 401 k match is about the best thing going. Not sure why he would say not to do it. :rolleyes:

[burt]

I just bought my first brand new car and it is 2014 Malibu LT2 with the turbo in it. I paid cash and it is a sweet ride. 25000.00

What Dealer?

[vailpass]

Driving a brand new ride is one of the joys in life.
It's an expense, not an investment.
End of month is the best time to negotiate, they have monthly numbers to meet.
Consumer Reports has a nice pricing service to give you some data going in.
Decide on a price you want to pay based on the data.
Don't let them talk to you in terms of monthly payments. Make them talk out the door bottom line cost.
Pay nothing but price, tax, title. Make it clear that if anything else shows up on the payment agreement you will walk. And mean it. Be prepared to walk.
Arrange your own financing. If they can give you better terms, explore that possibility.
Be prepared to walk.

[burt]

Driving a brand new ride is one of the joys in life.
It's an expense, not an investment.
End of month is the best time to negotiate, they have monthly numbers to meet.
Consumer Reports has a nice pricing service to give you some data going in.
Decide on a price you want to pay based on the data.
Don't let them talk to you in terms of monthly payments. Make them talk out the door bottom line cost.
Pay nothing but price, tax, title. Make it clear that if anything else shows up on the payment agreement you will walk. And mean it. Be prepared to walk.
Arrange your own financing. If they can give you better terms, explore that possibility.
Be prepared to walk.

ALL TRUE! BUT, don't be an asshole...or it will all fail.

[Bearcat]

The reason is...
You need the extra cash to get out of debt.. and build your emergency fund.

You need every dime you can squeeze.

If you don't have an Emergency where is the first place you'll take from / borrow from? - the 401k - then you get penalized , so you build up the ER Fund first.

I guess if it's fairly short term and you contribute a lot more later, it might not be a bad idea, but I'm no finance expert... it just seems shortsighted.

Too many variables to generalize, but I'd think the risk of taking money out of a 401k for an emergency fund wouldn't outweigh the lost savings over the lifetime of the 401k, if we're talking about maybe a thousand or two thousand dollar penalty now vs not contributing for 6 months or a year, especially for someone in their early 20s.... that would really hurt 40-45 years down the road.

[vailpass]

ALL TRUE! BUT, don't be an asshole...or it will all fail.

Agreed 100 percent. Like everything else in life...

[SLAG]

I guess if it's fairly short term and you contribute a lot more later, it might not be a bad idea, but I'm no finance expert... it just seems shortsighted.

Too many variables to generalize, but I'd think the risk of taking money out of a 401k for an emergency fund wouldn't outweigh the lost savings over the lifetime of the 401k, if we're talking about maybe a thousand or two thousand dollar penalty now vs not contributing for 6 months or a year, especially for someone in their early 20s.... that would really hurt 40-45 years down the road.

Yes
I forgot to mention that it is also motivation to get out of debt and build the ER fund as quickly as possible so you can contribute

As Baby step 4 is 15% of your income to retirement - he says doing that will make up for the loss of match - as well as having no debt and a cushion of ER fun

[The Franchise]

Driving a brand new ride is one of the joys in life.
It's an expense, not an investment.
End of month is the best time to negotiate, they have monthly numbers to meet.
Consumer Reports has a nice pricing service to give you some data going in.
Decide on a price you want to pay based on the data.
Don't let them talk to you in terms of monthly payments. Make them talk out the door bottom line cost.
Pay nothing but price, tax, title. Make it clear that if anything else shows up on the payment agreement you will walk. And mean it. Be prepared to walk.
Arrange your own financing. If they can give you better terms, explore that possibility.
Be prepared to walk.

How do you feel about extended warranties?

[MahiMike]

$27000 for a depreciating asset? Why not just burn your money now?

[BigMeatballDave]

I just bought my first brand new car and it is 2014 Malibu LT2 with the turbo in it. I paid cash and it is a sweet ride. 25000.00

Same model. He'd be pissed if he knew. I told him to shop around.

[Frosty]

How do you feel about extended warranties?

Extended warranties are generally not worth it. However, if you want the piece of mind, keep in mind 1) only buy the manufacturer backed warranties and 2)despite what they tell you at the dealer, you don't have to buy the new car warranty right at purchase time (you have 6 - 12 months depending on the manufacturer) and you don't have to buy it from them (any dealer can sell them). Shop around for the best price.

If you want to roll the cost in with your payments, shop around beforehand for the best price and make the dealer match it.


Florida has some weird laws about these so my advice doesn't apply to Floridians.

[vailpass]

How do you feel about extended warranties?

On a new vehicle? For me, never. But I trade in before original warranty expires.

[Valiant]

why not v6? If you are not towing? Save a lot more.

[MahiMike]

My motto is never pay more than $10k for a car. Used to be $2k but ya know- inflation.

[MahiMike]

Why the hell would he say that? :spock:

That's what I was wondering.

[kepp]

So, why buy new? You could get a 2013 with the exact same setup for probably 65 - 70% of the cost.

[SLAG]

Yes until they are out of debt and have a 3-6mo of expenses emergency fund.

[Al Bundy]

Same model. He'd be pissed if he knew. I told him to shop around.

Mine doesn't have leather, a sunroof, heated seats or reverse camera. I didn't want any of those.

[R8RFAN]

35k and no 4wd?

I have some beach front property in OK I'd like to sell you.


Internet Price $27,926.00

[Buehler445]

I do.

Does GM still make a full framed small SUV? I have a trail blazer and I really like that it is full framed.

[R8RFAN]

Buehler445 : (low explorer miles) We normally only drive it on weekends or the wife takes my daughter to school in it which is only 2 miles or so away...

I seriously think I am just gonna keep that and run the miles up on it instead of buying a new truck for now... Daughter graduates this summer so I am going to get her pointed in the right direction after high school and then me and Mama are gonna have us some fun.

[htismaqe]

Does GM still make a full framed small SUV? I have a trail blazer and I really like that it is full framed.

We have a GMC Arcadia, but it's quite a bit bigger than the Trail Blazer I think...

[vailpass]

We have a GMC Arcadia, but it's quite a bit bigger than the Trail Blazer I think...

The mother of one of my son's friends drives an Arcadia. Pretty nice ride...

[htismaqe]

The mother of one of my son's friends drives an Arcadia. Pretty nice ride...

We had a Saturn Outlook, which is almost identical, on a lease when GM went bankrupt and axed the whole line.

The value of the car dropped like a rock and our buyout ended up being TWICE what it was worth KBB.

So we gave it back and bought the Arcadia. Totally happy.

[burt]

Does GM still make a full framed small SUV? I have a trail blazer and I really like that it is full framed.

No...not sure if anyone does.

[Buehler445]

No...not sure if anyone does.

Boo. We use it for both town and stuff on the county roads. That keeps her car from going out on the shitty ass county roads, and it does really well both places. I really like the car, but it's getting up there.

Hopefully it lasts FOR-E-VER [/sandlot] and I don't have to worry about it for awhile.

[burt]

Boo. We use it for both town and stuff on the county roads. That keeps her car from going out on the shitty ass county roads, and it does really well both places. I really like the car, but it's getting up there.

Hopefully it lasts FOR-E-VER [/sandlot] and I don't have to worry about it for awhile.

I didn't get a vote.

[Buehler445]

I didn't get a vote.

I know.

I may just get mama a Tahoe next time around and get rid of both vehicles. But I'm not too excited about biting off a chunk of those. Christ they're expensive.

[burt]

I know.

I may just get mama a Tahoe next time around and get rid of both vehicles. But I'm not too excited about biting off a chunk of those. Christ they're expensive.

Hell yeah!!

[vailpass]

We had a Saturn Outlook, which is almost identical, on a lease when GM went bankrupt and axed the whole line.

The value of the car dropped like a rock and our buyout ended up being TWICE what it was worth KBB.

So we gave it back and bought the Arcadia. Totally happy.

I took a ride in hers to drop our boys off. Surprised at how nicely the interior was appointed, smooth ride, good pick up speed. They did well with that one, as apparently did you.

[lewdog]

R8ers, do not take on debt. It goes against everything your GOD has taught you.

[vailpass]

R8ers, do not take on debt. It goes against everything your GOD has taught you.

Heh.
Hot enough for you today?

[Dayze]

I remember coming home on Leave in 1999 and bought a '96 Dodge Dakota with 20k miles for $10k. Trucks 'used' to be the good, cheaper alternative when getting a vehicle.

not sure when the fuck it happened (insane truck prices) but if I'm spending 30k on a vehicle, it's going to be a used Corvette, CTSV, Porsche, etc certainly not a fucking truck. Yes I know there are lots of folks that need a truck, but there are a shitload who don't. My brain just can't wrap my mind around the prices of trucks these days.