The idea of an 84 month loan is just insane to me.
Housing market
- Thread starter simply1
- Start date
I live in Waukee near the golf course and feel like slums because we don’t have 2 BMWs, a Corvette, overpriced Wagoneer, etc.
All houses in our subdivision have 3 car garages. There are two houses on our block that have automatic lifts in their garage to store their 4th vehicle, both Corvettes to go along with their Mercedes, BMWs, and Wagoneers.
Yeah, we lease simply because we don’t put on many miles so always have good equity to carryover to the next lease as a 5-6K down payment. We like to have new vehicles every 3 years, avoid maintenance concerns, etc.
2023 Ford F-150 Shelby Ames IA | Ames Ford 1FTFW1E58PFB27833
Research the 2023 Ford F-150 Shelby in Ames, IA at Ames Ford. View pictures, specs, and pricing on our huge selection of vehicles. 1FTFW1E58PFB27833
Who is buying $133,000 f 150's? Ames ford has 5 and bunch more at $100,000.
Why? I personally drive my cars until they are dead so matching the term with how long I have the car is attractive especially of the payments are lower.
For example my 2018 Explorer has 190k on it. But it got a new engine from warranty at 100K and a new transmission from a recall at 80k so I will be driving that thing for many more years. It'd be nice to have the payments a little lower and spread out.
Dylan Soehner bought one, but he has NFL money.2023 Ford F-150 Shelby Ames IA | Ames Ford 1FTFW1E58PFB27833
Research the 2023 Ford F-150 Shelby in Ames, IA at Ames Ford. View pictures, specs, and pricing on our huge selection of vehicles. 1FTFW1E58PFB27833www.amesford.com
Who is buying $133,000 f 150's? Ames ford has 5 and bunch more at $100,000.
Gotta cash that NIL money!2023 Ford F-150 Shelby Ames IA | Ames Ford 1FTFW1E58PFB27833
Research the 2023 Ford F-150 Shelby in Ames, IA at Ames Ford. View pictures, specs, and pricing on our huge selection of vehicles. 1FTFW1E58PFB27833
Who is buying $133,000 f 150's? Ames ford has 5 and bunch more at $100,000.
A carpeted bed?! I guess if you have the ability to buy a $133k truck, you're able to pay for anything that you would otherwise use the truck for (brush/materials/dirt hauling).2023 Ford F-150 Shelby Ames IA | Ames Ford 1FTFW1E58PFB27833
Research the 2023 Ford F-150 Shelby in Ames, IA at Ames Ford. View pictures, specs, and pricing on our huge selection of vehicles. 1FTFW1E58PFB27833
Who is buying $133,000 f 150's? Ames ford has 5 and bunch more at $100,000.
2023 Ford F-150 Shelby Ames IA | Ames Ford 1FTFW1E58PFB27833
Research the 2023 Ford F-150 Shelby in Ames, IA at Ames Ford. View pictures, specs, and pricing on our huge selection of vehicles. 1FTFW1E58PFB27833
Who is buying $133,000 f 150's? Ames ford has 5 and bunch more at $100,000.
Those who get free money and everything is a tax write off. Make of that what you will. On the 7th day god made one or something.
All the smart people who waste 75 cents to save 25 cents of taxes.2023 Ford F-150 Shelby Ames IA | Ames Ford 1FTFW1E58PFB27833
Research the 2023 Ford F-150 Shelby in Ames, IA at Ames Ford. View pictures, specs, and pricing on our huge selection of vehicles. 1FTFW1E58PFB27833
Who is buying $133,000 f 150's? Ames ford has 5 and bunch more at $100,000.
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I really disliked signing a 60 month loan for a minivan. Can't imagine knowing you signed a 7 year debt.
People not putting $3500 a year into a 529 and $6500 a year into a Roth.
I have a good life but I want my retirement life to be better.
A former politician used to carpet the bed of his trucks. Didn’t want to scratch them he said.
If it's 0% I guess there isn't anything necessarily wrong with it. I also hang on to my cars, but I just save up and buy them outright. Although cars are more reliable these days, there's a greater chance of something big happening in 7 years that could really put someone behind financially if needing to stretch out an auto loan for 7 years is their only way to purchase a car.
Personally, I can't imagine signing up for a $1,000+ payment for 7 years. I think because I view cars as a convenience and a way to get from A to B, I can't bring myself to commit any significant amount of my finances to them. I could easily go buy a nice F150 and part of me really wants to, but then I calc out the payment and that desire goes away. I'll stick with my 2011 Silverado as long as I can or until I save up to buy a nicer vehicle outright.
It just doesn't make financial sense to dump a lot of money into vehicles unless you have a lot of throwaway money.
The wife and I both had 6-years loans on our cars that we got in '15 and '16. Paid them off in less than 4. But even if we didn't, the interest rate was so low the overall total still wasn't bad. And both are still going strong!