Sucks to be poor - Rant

[tron67j]

I prefer to buy brand new, but always a Tradesman then I add what I want. I keep my trucks at least 12 years, last one about 19 years. I think it is better to take care of vehicle from brand new and spread depreciation over life of vehicle than to potentially buy someone else's problem and drop bucks into a decade old truck. Current truck is 5 model years old with 13k miles, should last me another 10 years at least and bought it just before the crazy, in late 2019 at almost $20k under MSRP. No way I will buy a new truck any time soon.

But, for me mostly I just can't see buying a truck for just running around for the 70, 80, grand unless one can pay cash in total or has at least 60% equity in it. Manufacturer makes tens of thousands of dollars profit, and then banks make incredible amounts of interest. What a waste of money.

 

[GTyankee]

Since i retired back in 2003, i went into business for myself, no partners or employees.
I was in the RED in credit card debt

I bought a used 1999 Chevy 1500 in 2003, i outfitted it with Orange rotating lights & a sign, i also had to buy traffic cones, Stop/Slow Paddles, commercial First Aid Kit, etc.
Then i flew to Utah to take Certification for running a Pilot Car Service.

I made enough money to buy a new 2009 Dodge Ram, paid cash & sold the 1999 Chevy.
Made enough with that Ram to order the 2016 Ram & paid cash.

Then i had to stop working, medical reasons, i have not worked since February 2020.

I am going to have an operation in June & then i hope to start my business back up.
I still have enough of a bank account to buy the fanciest Ram, but i may buy some dental implants instead.

Its a hell of a choice, buy a new Ram or new Teeth
Talk about inflation

In my business, i often drive 1,000 miles in week
I get paid by the mile

 

[Fnjoey]

And they keep getting more expensive, stop buying new, price will come down.

Unfortunately, the prices haven't gone down, but the used market went through the roof.. supply and demand.. people can't afford new, so they buy used, used prices go crazy..

 

[Cableman]

Recently looked at a 23' rebel level 2, 77k! My 16 with 33k miles they would offer 26k and 2k tax credit, no way i want an 800 plus a month payment.
A month ago they had a few 22 left over limited 's, one diesel. 20% off which was nice but all had chrome and not the colors i would like.

 

[ppine]

But whoever looked at ANY vehicle as an investment??

I have. Especially older, collectable vehicles. But new trucks cost so much it makes sense to figure out which one has the best return. The answer is diesel trucks.

 

[97RedRam]

I still have my 97 standard cab 4x4 with 55,000 miles. I am retired but even with a good pension I canot afford a new Ram. Besides I personnaly do not like the looks of a 4 door truck. It is a SUV with a bed.

 

[nascar72]

Or stop flipping vehicles every 4 years. Buy what you want, drive it 10-12 years, save your "payment" every month to pay cash for the next one. Depreciation over a decade is pocket change, paying acquisition costs 3 times is more of a burden.

Interest isn't free any longer. Time to pay cash or don't pay.

That's exactly what I did. I bought my '08 2500 two years ago very clean inside and out, body fully intact, rust treated every year since day one with 70k miles for 14k$. So far still loving the truck very much.

 

[Zac1]

Not inflation. Price vehicle start going up just before pandemic, hidden inflation of 3%. It is greediness.

 

[Jane S]

Since i retired back in 2003, i went into business for myself, no partners or employees.
I was in the RED in credit card debt

I bought a used 1999 Chevy 1500 in 2003, i outfitted it with Orange rotating lights & a sign, i also had to buy traffic cones, Stop/Slow Paddles, commercial First Aid Kit, etc.
Then i flew to Utah to take Certification for running a Pilot Car Service.

I made enough money to buy a new 2009 Dodge Ram, paid cash & sold the 1999 Chevy.
Made enough with that Ram to order the 2016 Ram & paid cash.

Then i had to stop working, medical reasons, i have not worked since February 2020.

I am going to have an operation in June & then i hope to start my business back up.
I still have enough of a bank account to buy the fanciest Ram, but i may buy some dental implants instead.

Its a hell of a choice, buy a new Ram or new Teeth
Talk about inflation

In my business, i often drive 1,000 miles in week
I get paid by the mile

but i may buy some dental implants instead.

If you can - go to Mexico - across from Yuma, Az and save a fortune. I just did it. I have a RV so no real cost except for gas for me.

 

[06 Dodge]

but i may buy some dental implants instead.

If you can - go to Mexico - across from Yuma, Az and save a fortune. I just did it. I have a RV so no real cost except for gas for me.

Err no had family that did this, the fool in MX screwed up the work they did and would up with a mouth infection...