So, Dave Ramsey....on car buying....

[easter bunny]

Grad school + engineering job = high possibility her signing bonus and first month's paycheck alone were enough to cover that car.

Specially if she graduated without debt.

Grad school at 23 "last year" means she finished her undergrad at 18 or 19? I'm sure she's really smart and got a high paying job because of it, but I guarantee that school (and her whole life) was 100% paid by wealthy parents. She probably got graduation gifts of cash. A friend in HS bought a brand new car 'all on his own' with his bar mitzvah money. I don't think that counts.

 

[Eldritch]

Jesus man! What are you afraid the ice cream is going to melt?

BRO, YOU EVER TRY AND EAT RE-FROZEN ICE CREAM?

It just doesn't have the right texture.

 

[TheRobSJ]

BRO, YOU EVER TRY AND EAT RE-FROZEN ICE CREAM?

It just doesn't have the right texture.

Hmmmm. You’re making a lot of sense here.

Well I usually put the refrigerated/frozen stuff in the cart last to give myself a fighting chance of keeping things cold. Maybe I should start taking the fast car on the grocery runs now just to make sure.

 

[Killroy1999]

That's a dumb way of dumping so much cash on a depreciating asset. Unless she's truly liquid where you have fuck you money, I guess. But, even with people with fuck you money wouldn't do such a thing. I know I wouldn't.

She got one comment that was to the tune of "don't forget to save for X" and she said. 'Don't worry, my dad is a financial advisor'.

Is that like "My dad is an engineer"?

Grad school + engineering job = high possibility her signing bonus and first month's paycheck alone were enough to cover that car.

Tech pays big money. So do banks / finance.

I'm a tech Engineer, with my masters, almost 40. A signing bonus is not THAT good. Plus there are things like taxes, ext. Entry level folks are just that. They may be good in school, but navigating outside of academia is different.

 

[Blankpage]

A simple calculation I make before any big purchase is how many days do I need to work to pay for it. That number often brings it into perspective and kills the deal.

 

[insyder]

Hmmmm. You’re making a lot of sense here.

Well I usually put the refrigerated/frozen stuff in the cart last to give myself a fighting chance of keeping things cold. Maybe I should start taking the fast car on the grocery runs now just to make sure.

Or throw one of these in your trunk on the way to the grocery store.

 

[Eldritch]

Hmmmm. You’re making a lot of sense here.

Well I usually put the refrigerated/frozen stuff in the cart last to give myself a fighting chance of keeping things cold. Maybe I should start taking the fast car on the grocery runs now just to make sure.

I know you're a good builder. You probably don't want the weight, but you could probably build a button activated flag you can deploy from the rear that reads "ICE CREAM, MUTHAFUCKAS!!" So that way you can let any concerned LEO know that you don't need help, so they should not worry and pull you over to see if you need help.

 

[mrmarklin]

Then you have these braggarts that buy a $40K car at 23 and said that they paid for it all themselves. I'm calling BS .
5K likes, 600 "you go girl" comments. Feed the consumer machine. Droves of people financing cars and over extending themselves to try and keep up.

40K is not that much to pay for a car. I haven't spent that little an amount since 1996. You guys are seriously either super cheap or are income challenged.

According to Kelley Blue Book, the average price of a new car in the United States will now cost you more than an arm and a leg. In a press release, analysts said the average price of a new vehicle in January 2021 was $40,857, which is more than 5% higher than it was last year.


https://www.google.com/search?q=ave...30j0i390l4.8439j0j15&sourceid=chrome&ie=UTF-8

 

[Eldritch]

Or throw one of these in your trunk on the way to the grocery store.

Sweet idea, bro, you got Nitrous in there or what?

 

[MC BumSlap]

40K is not that much to pay for a car. I haven't spent that little an amount since 1996. You guys are seriously either super cheap or are income challenged.

According to Kelley Blue Book, the average price of a new car in the United States will now cost you more than an arm and a leg. In a press release, analysts said the average price of a new vehicle in January 2021 was $40,857, which is more than 5% higher than it was last year.


https://www.google.com/search?q=ave...30j0i390l4.8439j0j15&sourceid=chrome&ie=UTF-8

Putting $40k on a depreciating asset is dumb. If her dad is a financial advisor, why didn't he stop her? LOL

 

[blrmaker]

 

[Mike95060]

You guys are seriously either super cheap or are income challenged.

At least we aren't pretentious internet pricks. Glad Barf doesn't have any of those.

 

[Eldritch]

At least we aren't pretentious internet pricks. Glad Barf doesn't have any of those.

Now, now now.


You got nitrous in your turbo-busa, Bro?

 

[SFSV650]

There are small pockets of the US that are OK for living car-free. Also, cities are focusing on leaning away from car-centric design. Better alternatives, walkable streets, design for bikes, transit, density, ect.

These things are all great, and should be the future, but I think we all know the price tag for a carless existence in an environment like the above is paying $1m for a condo or $3500/mo in rent.

 

[TheRobSJ]

Or throw one of these in your trunk on the way to the grocery store.

I’ve had a couple insulated shopping totes/bags in the trunk in the past. But for the past year, you either just outright can’t use your own bags or....gasp, you have to bag your own groceries if you bring your own. And I don’t shop at the pricey grocery stores to be doing manual labor. Just hit me up for the donation to whatever cause it is this month and start bagging. This is what I’m used to, it’s what I’ll continue to do.

I know you're a good builder. You probably don't want the weight, but you could probably build a button activated flag you can deploy from the rear that reads "ICE CREAM, MUTHAFUCKAS!!" So that way you can let any concerned LEO know that you don't need help, so they should not worry and pull you over to see if you need help.

No you mean they should offer a police escort.

 

[Killroy1999]

These things are all great, and should be the future, but I think we all know the price tag for a carless existence in an environment like the above is paying $1m for a condo or $3500/mo in rent.

Yes, it's more expensive to live in cities, but not every city is San Francisco. Those figures did come down ~$1000 in 2020, so average in SF is ~$2600.

I'm a fan of Portland and its not too expensive.

I have been a big time bicycle commuter for decades, so it not hard for me to imagine living car free. It the end of the world for others.

 

[Abacinator]

40K is not that much to pay for a car. I haven't spent that little an amount since 1996. You guys are seriously either super cheap or are income challenged.

According to Kelley Blue Book, the average price of a new car in the United States will now cost you more than an arm and a leg. In a press release, analysts said the average price of a new vehicle in January 2021 was $40,857, which is more than 5% higher than it was last year.


https://www.google.com/search?q=ave...30j0i390l4.8439j0j15&sourceid=chrome&ie=UTF-8

Look at moneybags over here. Maybe he'll buy us all a car!

 

[Killroy1999]

40K is not that much to pay for a car. I haven't spent that little an amount since 1996. You guys are seriously either super cheap or are income challenged.

According to Kelley Blue Book, the average price of a new car in the United States will now cost you more than an arm and a leg. In a press release, analysts said the average price of a new vehicle in January 2021 was $40,857, which is more than 5% higher than it was last year.


https://www.google.com/search?q=ave...30j0i390l4.8439j0j15&sourceid=chrome&ie=UTF-8

I will fully own up to being cheap. I would rather save for my business, time off of work, FIRE, ect.

Anyway, try comparing the average new car cost to the median income in the US. Its not a pretty comparison.

 

[Holeshot]

Look at moneybags over here. Maybe he'll buy us all a car!

He's not incorrect about the average prices of vehicles. Used vehicles too in the last 24 months.

 

[Killroy1999]

He's not incorrect about the average prices of vehicles. Used vehicles too in the last 24 months.

I new the average new car was ~$34,000 and inflating with everything else, Yet, everything may be skewed by the pandemic. Inflation, "I just got my stimulus check", shortages, to the fact that the Auto industry had a horrible 2020--Down 15%.

So the low end of the new car market dropped out, so averages are going to look high. The low end of the new car market probably moved to the used market.