ArcticCrusher Posted February 13, 2019 Share Posted February 13, 2019 7 hours ago, steve from amherst said: Only the faggots Of course they are big time faggots, but are there any stats to support if people driving minivans are better handlers of car loans? Or do they even have car loans? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted February 13, 2019 Platinum Contributing Member Share Posted February 13, 2019 16 minutes ago, Snoslinger said: another nimwit. Skidmark copied and pasted that from the same article MC posted. Maybe you should read things before claiming “owned” or accusing the author of manipulating readers like racer did? Things I posted prove its not worse as the poat suggests and yes right from the article. Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted February 13, 2019 Share Posted February 13, 2019 I almost always have saved enough cash to pay cash for cars and trucks. Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted February 13, 2019 Share Posted February 13, 2019 7 minutes ago, Highmark said: Things I posted prove its not worse as the poat suggests and yes right from the article. But it is a record, and not a good thing. That was the point. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 13, 2019 Share Posted February 13, 2019 13 minutes ago, XCR1250 said: I almost always have saved enough cash to pay cash for cars and trucks. That is an old school way of thinking and isn't really relevant anymore. With cheap borrowing(0% financing or low) that money is actually better off invested. But only if it really is invested. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted February 13, 2019 Author Share Posted February 13, 2019 What’s funny is members here point fingers at people who buy more car than they can afford as the reason for defaults. They need a car to get to work. If they weren’t working the same morons would be complaining they were sucking off the system. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 13, 2019 Share Posted February 13, 2019 1 minute ago, Mainecat said: What’s funny is members here point fingers at people who buy more car than they can afford as the reason for defaults. They need a car to get to work. If they weren’t working the same morons would be complaining they were sucking off the system. So buying and paying of a $50k car you can't afford is smarter than a used $5K that will do everything you need it to do? Quote Link to comment Share on other sites More sharing options...
motonoggin Posted February 13, 2019 Share Posted February 13, 2019 15 minutes ago, ArcticCrusher said: So buying and paying of a $50k car you can't afford is smarter than a used $5K that will do everything you need it to do? Yeah because literally everyone does that... Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 13, 2019 Share Posted February 13, 2019 5 minutes ago, motonoggin said: Yeah because literally everyone does that... Only 7 million Americans trying to walk in shoes too big for their feet. Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted February 13, 2019 Share Posted February 13, 2019 32 minutes ago, ArcticCrusher said: That is an old school way of thinking and isn't really relevant anymore. With cheap borrowing(0% financing or low) that money is actually better off invested. But only if it really is invested. I am invested, mostly Franklin Templeton income funds which generates a Monthly dividend, I've been investing since 1967, the cash I save to buy Cars/Trucks now a days usually takes 2 -3 years to be able to pay with cash, done that since I was a young man, paid off my first home at age 24, I bought it when I was 18, and paid cash for the home I lived in now since 1991, this is my 3rd. home, the second home I rented out to others and sold it in the 1990's. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 13, 2019 Share Posted February 13, 2019 7 minutes ago, XCR1250 said: I am invested, mostly Franklin Templeton income funds which generates a Monthly dividend, I've been investing since 1967, the cash I save to buy Cars/Trucks now a days usually takes 2 -3 years to be able to pay with cash, done that since I was a young man, paid off my first home at age 24, I bought it when I was 18, and paid cash for the home I lived in now since 1991, this is my 3rd. home, the second home I rented out to others and sold it in the 1990's. I understand that, its a comfort feeling though. Just ordered the wife a new Jeep Cherokee Overland that we will pay cash for at the end of this month. Regardless if you run the numbers against cheap financing, there are few scenarios where you will be better off paying cash vs investing. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted February 13, 2019 Share Posted February 13, 2019 40 minutes ago, ArcticCrusher said: So buying and paying of a $50k car you can't afford is smarter than a used $5K that will do everything you need it to do? The words "want" and "need" are what get people in financial trouble for the most part. Quote Link to comment Share on other sites More sharing options...
JEFF Posted February 13, 2019 Share Posted February 13, 2019 54 minutes ago, Mainecat said: What’s funny is members here point fingers at people who buy more car than they can afford as the reason for defaults. They need a car to get to work. If they weren’t working the same morons would be complaining they were sucking off the system. What do you blame for the defaults? It's more than just the fancy new car or truck they have. Add up the huge mortgage payments a lot of people have to live in the "it" house, The wonderful tax bills on said house. the huge cell phone bills, the ridiculous cable bills, the constant eating dinners out, paying outlandish money so their kids can go to college, the ridiculous credit card debt they hold. But no. It's not in any way the consumers responsibility... Ok 1 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 13, 2019 Share Posted February 13, 2019 11 minutes ago, JEFF said: What do you blame for the defaults? It's more than just the fancy new car or truck they have. Add up the huge mortgage payments a lot of people have to live in the "it" house, The wonderful tax bills on said house. the huge cell phone bills, the ridiculous cable bills, the constant eating dinners out, paying outlandish money so their kids can go to college, the ridiculous credit card debt they hold. But no. It's not in any way the consumers responsibility... Ok Repugs blame themselves for life's failures, Dems blame Repugs for their failures. 2 1 Quote Link to comment Share on other sites More sharing options...
motonoggin Posted February 13, 2019 Share Posted February 13, 2019 1 hour ago, ArcticCrusher said: Only 7 million Americans trying to walk in shoes too big for their feet. Capitalism literally runs on this concept. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted February 13, 2019 Share Posted February 13, 2019 Wages: *stagnant for 4 decades* Reactionary morons: "why are so many people having financial trouble?" Quote Link to comment Share on other sites More sharing options...
Dave Posted February 13, 2019 Share Posted February 13, 2019 1 minute ago, motonoggin said: Wages: *stagnant for 4 decades* Reactionary morons: "why are so many people having financial trouble?" Youre like a broken record... Someone needs to throw you away. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted February 13, 2019 Share Posted February 13, 2019 1 minute ago, DAVE said: Youre like a broken record... Someone needs to throw you away. I figure if I say it enough, it'll finally sink in for some people. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 13, 2019 Share Posted February 13, 2019 7 minutes ago, motonoggin said: Capitalism literally runs on this concept. Some get ahead others don't. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted February 13, 2019 Share Posted February 13, 2019 57 minutes ago, ArcticCrusher said: I understand that, its a comfort feeling though. Just ordered the wife a new Jeep Cherokee Overland that we will pay cash for at the end of this month. Regardless if you run the numbers against cheap financing, there are few scenarios where you will be better off paying cash vs investing. Im looking at another low mile German car stillunder warranty, priced about half what a new one costs. I’ve put 125k in the one I have now, and it’s working out to about .17-.18 a mile to own over the past 6 years. Works for me. Quote Link to comment Share on other sites More sharing options...
JEFF Posted February 13, 2019 Share Posted February 13, 2019 32 minutes ago, ArcticCrusher said: Some get ahead others don't. * Personal responsibility. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted February 13, 2019 Platinum Contributing Member Share Posted February 13, 2019 (edited) 2 hours ago, Snoslinger said: But it is a record, and not a good thing. That was the point. Not really. When that many more people are getting loans and keeping up payments its better than in 2010. From 5.8% delinquent to 4.5% is a 15.1% decrease in delinquencies. How is that worse? Edited February 13, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted February 13, 2019 Share Posted February 13, 2019 1 hour ago, ArcticCrusher said: Only 7 million Americans trying to walk in shoes too big for their feet. Think about it this way though. If they weren't buying brand new cars then the automakers wouldn't be able to sell as many. And if they can't sell as many expensive cars, then they can't justify hiring more people to produce them. Then more people end up without jobs. So you're anti job, you should be ashamed. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 13, 2019 Share Posted February 13, 2019 10 minutes ago, XC.Morrison said: Think about it this way though. If they weren't buying brand new cars then the automakers wouldn't be able to sell as many. And if they can't sell as many expensive cars, then they can't justify hiring more people to produce them. Then more people end up without jobs. So you're anti job, you should be ashamed. I buy new, for everything. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 13, 2019 Platinum Contributing Member Share Posted February 13, 2019 1 minute ago, ArcticCrusher said: I buy new, for everything. I don't . I need 4 trucks plus the wifes. I don't even buy em when I need em. I buy em when I find a good deal. 1 Quote Link to comment Share on other sites More sharing options...
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