Mike95060
Work In Progress
^ Bro, thanks again for the trainer. Totally off topic but, I have been using the fuck out of it and really appreciate the kindness.
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So, Dave Ramsey....on car buying....
- Thread starter MC BumSlap
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wazzuFreddo
WuTang is 4 the children
I imagine that the economy would be fraction of what it is today if people followed Dave's plan.
Yup, that is why I don't lose any sleep over the irresponsible financial decisions of others. Also, it's none of my business either.
No problem. Glad you find it useful.
Anyway mrmarklin my apologies for being too harsh on you. Carry on.
Why would you say that?
Nope. I have no problem with people on food stamps and unemployment etc.
two wheel tramp
is the cutest
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MrMarklinm it would be swell if you could stick to the topic of the conversation and stop making personal attacks on people.
Mike95060
Work In Progress
But it's so much fun to put people down and let everyone know how rich you are!!!
TheRobSJ
May lose 10mm sockets if distracted
I imagine that the economy would be fraction of what it is today if people followed Dave's plan.
Absolutely. Especially after seeing that tweet...
Waiting till you’re worth a million till you can buy a new car? Yeah with that plan, most of the automakers would go out of business. Idiot Dave keeps calling new cars “investments” when I really call them consumables. Yes it’s an asset. And yes it depreciates. But I don’t consider money spent on a new car “investing in a depreciating asset” as he puts it. I consider it a cost of living and quality of life. Can you get by eating top ramen and PB&Js? Well I certainly could. But I wouldn’t want to wait till I was a millionaire to know what steak and lobster am tasted like.
Plus the whole premarital sex ban thing with him? He’s a fucking goober. There’s plenty of other finance gurus out there.
two wheel tramp
is the cutest
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I follow some awesome women on Instagram.
And Suze Orman doesn't suck, either, if you want someone in the mainstream.
And Suze Orman doesn't suck, either, if you want someone in the mainstream.
Agreed. Personally, I don't like buying depreciation. And new cars don't really motivate me enough to reconsider that. I'll still like the cars of today 5 years from now at a 50% discount. But I'm glad others don't feel the same, as they buy the depreciation for me.
But again, I think Dave's advice is extreme and more catered to the financial goobs that get themselves into unsustainable messes.
Eldritch
is insensitive
I did once, never again. I wanted to get rid of that thing after 2 years. Not an option. I don't intend to be stuck like that again.
Blankpage
alien
Suze Orman is a total fraudster. Unreal she’s still being invited onto tv networks to push her BS.
Same. We bought a new 2004 Honda Odyssey cash. Drove it 250k+, 12 years miles until the transmission finally gave out. Replaced it with a 3 year old 2103 Ford Explorer in 2016. I should have replaced the transmission in the Honda.
Eldritch
is insensitive
Yeah, these days you can finance a certified used vehicle that is like 3 years old from the dealership with years of warranty in it and maintenance included, good as a new vehicle. All of the benefits with none of the depreciation.
New cars are for suckers from where I sit. Fool me once...
Well, the Exploder was an unreliable POS. Luckily(?) someone hit it and we got totalled for with $10k in our pocket.
We just picked up a great deal on a '17 Toyota Highlander for about half the price of a '21 model.
Eldritch
is insensitive
Nice! If I recall correctly, the typical rate of depreciation on new cars is 50% in 3-4 years, so you are right on point. That seems to be the sweet spot for a relatively fresh vehicle at an optimized value point.
Yep. You get older than 5 years, and "too cheap" and the wives tend to "not like it."
But I try to make Dave Ramsey happy and drive a 23 year old Lexus.
