Cars We Drive!

that thing is so sexy, i wish I had panties on to drop. You can keep it for the next 50 years and it will still look that good.



impolyt_one said:

that thing is so sexy, i wish I had panties on to drop. You can keep it for the next 50 years and it will still look that good.

Click to expand...

haha. thanks a ton, really means a lot. Last night i was kind of a dickhead in it. i feel kinda embarrassed now. I had to meet someone last night to sell a watch, and i was killing time driving around downtown. There was a bar i used to hang out at all the time...and this guy i kinda competed with was working....i pulled right in front of the big glass window where he was stading and parked in a No Parking zone. walked in and ordered a drink. said hello, finished my drink, and left. Ive felt guilty as hell all day about showing off.



junior varsity said:

paying for a depreciating asset with a loan? thats so american

Click to expand...

trading cash flow for liquidity is a bad thing? thats so narrow minded and stupid



HRoi said:

sometimes it's "stupid" to pay cash. I get 0.9% financing and can gt a return on my cash of five times that without looking very hard.

Click to expand...

you can get a return for your cash... but you arent calculating for uncertainty...
in the times of uncertainty aka you lost your job or when your investments go to the dumpsters then your monthly payments for the car is just another burden...
paying cash eliminates that extra burden

for example - i took out loans to pay the car when i was younger... now i learned..



DerekS said:

drove this home last night...originally had a porsche boxster in mind, but this was much more my style with a great price.
(dealer pic)

and here it is last night...

Click to expand...

Congrats again Derek! Sexy as hell wheels. I have always loved Jags, but feared buying one used due to maintenance costs.

DerekS said:

haha. thanks a ton, really means a lot. Last night i was kind of a dickhead in it. i feel kinda embarrassed now. I had to meet someone last night to sell a watch, and i was killing time driving around downtown. There was a bar i used to hang out at all the time...and this guy i kinda competed with was working....i pulled right in front of the big glass window where he was stading and parked in a No Parking zone. walked in and ordered a drink. said hello, finished my drink, and left. Ive felt guilty as hell all day about showing off.

Click to expand...

hahaha, good your not proud of it but thats just funny, gloating cant always be helped.



junior varsity said:

you can get a return for your cash... but you arent calculating for uncertainty...
in the times of uncertainty aka you lost your job or when your investments go to the dumpsters then your monthly payments for the car is just another burden...
paying cash eliminates that extra burden
for example - i took out loans to pay the car when i was younger... now i learned..

Click to expand...

I'm with Hroi.

I can easily think of two reasons to borrow for a depreciating asset. First, the car loan is less than a mortgage interest rate (or some other loans like student debt). Rather than pay cash for the car, use the cash to pay off the higher interest rate debt. Second, you're getting a much better return on your money than the interest your paying.

^ I didn't know how low car loans were. Good pt.

Car, house, education. Really the only things that can be justified to finance. But I do think you should go for pretty decent size down payments as yield is hard to find right now.



JMRouse said:

Congrats again Derek! Sexy as hell wheels. I have always loved Jags, but feared buying one used due to maintenance costs.

Click to expand...

i was too, but decided that nows the best time....we dont have kids, no debt, no house loan, etc. Ill probably sell it in a couple years for a range rover.

mike1445 said:

hahaha, good your not proud of it but thats just funny, gloating cant always be helped.

Click to expand...

theres a longer story behind it, me and that guy have been friendly rivals for years.



DerekS said:

i was too, but decided that nows the best time....we dont have kids, no debt, no house loan, etc. Ill probably sell it in a couple years for a range rover.

Click to expand...

Makes sense. Live it up buddy. I'm jelly.



junior varsity said:

you can get a return for your cash... but you arent calculating for uncertainty...
in the times of uncertainty aka you lost your job or when your investments go to the dumpsters then your monthly payments for the car is just another burden...
paying cash eliminates that extra burden
for example - i took out loans to pay the car when i was younger... now i learned..

Click to expand...

you're not wrong - but it would take a huge uncertainty factor for you to discount away these rates of return. you almost have to be sure you'll lose your job in the next few years - and if that's true you probably shouldnt be buying a new car for cash or on credit anyway



junior varsity said:

you can get a return for your cash... but you arent calculating for uncertainty...
in the times of uncertainty aka you lost your job or when your investments go to the dumpsters then your monthly payments for the car is just another burden...
paying cash eliminates that extra burden

Click to expand...

The average price for a car in the US these days is $30k. Not many people have that kind of cash and even if they do, that will likely be most if not all the cash they have. You use up all your cash and you lose your job and you are even more screwed.

I am find with average Joe financing a Honda/Ford/etc for five years, it creates jobs and all in all good for the economy in number of ways. Not everyone can work on a car and likes the peace of mind. But I really hate Joe wanting the newest model, because its trendy and they just role over the negative equality into a new car. Keep the car for 10 years and take care of it... I think this is truly important if your the average American who apparently make $25,000-30,000 a year.



KurtS90 said:

I am find with average Joe financing a Honda/Ford/etc for five years, it creates jobs and all in all good for the economy in number of ways. Not everyone can work on a car and likes the peace of mind. But I really hate Joe wanting the newest model, because its trendy and they just role over the negative equality into a new car. Keep the car for 10 years and take care of it... I think this is truly important if your the average American who apparently make $25,000-30,000 a year.

Click to expand...

i dont think newer cars can last 10 years... not the way they are built now... cars are considered disposable goods now
look at BMW for example, how solid the stuff from the 80s and 90s were? i mean sure electronics were the weakest links but you knew that going in and back then they werent that many computers inside the cars to go wrong anyway... then look at BMW now, the 3 series thats just released the plastics look and feel cheap, and the worksmanship isnt there anymore..

then look at the computers... how long can a normal computer last? 3 years? 5 years? max 10 years? then if you stuff a car full of them, then you basically need to overhaul everything by then time warranty is depleted...

on top of that, average joes can replace a broken shock or a bad radiator... how many average joes are manufacturer trained technicians who have the specific tools to work on electronic equipment and computer units that the new cars are filled with?



junior varsity said:

i dont think newer cars can last 10 years... not the way they are built now... cars are considered disposable goods now
look at BMW for example, how solid the stuff from the 80s and 90s were? i mean sure electronics were the weakest links but you knew that going in and back then they werent that many computers inside the cars to go wrong anyway... then look at BMW now, the 3 series thats just released the plastics look and feel cheap, and the worksmanship isnt there anymore..

then look at the computers... how long can a normal computer last? 3 years? 5 years? max 10 years? then if you stuff a car full of them, then you basically need to overhaul everything by then time warranty is depleted...

on top of that, average joes can replace a broken shock or a bad radiator... how many average joes are manufacturer trained technicians who have the specific tools to work on electronic equipment and computer units that the new cars are filled with?

Click to expand...

This makes absolutely no sense.

New cars these days can't last 10 years?

Comparing the computers and electronics on our house to cars?