Opto66 Posted August 2, 2022 Member ID: 29506 Group: + COD5 Moderator Followers: 3 Topic Count: 28 Topics Per Day: 0.03 Content Count: 55 Content Per Day: 0.07 Reputation: 94 Achievement Points: 838 Solved Content: 0 Days Won: 0 Joined: 12/30/21 Status: Offline Last Seen: 6 hours ago Birthday: 08/05/1954 Device: Windows Share Posted August 2, 2022 Just when you thought you could buy a new car. The interest rates come and kick you in the ASS. When will all this crap end? Opto66 TBB 1 Link to comment Share on other sites More sharing options... Awards
X-RayXI Posted August 2, 2022 Member ID: 133 Group: ++++ Senior Admin Followers: 77 Topic Count: 602 Topics Per Day: 0.11 Content Count: 6883 Content Per Day: 1.29 Reputation: 1370 Achievement Points: 44082 Solved Content: 0 Days Won: 3 Joined: 09/02/09 Status: Offline Last Seen: 13 hours ago Birthday: 12/12/1971 Device: Windows Share Posted August 2, 2022 (edited) Yeah it sucks. But, you should also get more return of your 'old' car? I wanted to post my 'new' car here a couple of months ago for winning an action, but,.. found myself another younger car and traded it in right away. I will post it, in two weeks (I hope some parts needed), with a story behind it. Some have seen it already on my twitter handle and Honda replied to it! Edited August 2, 2022 by X-RayXI Link to comment Share on other sites More sharing options... Awards
codpiece Posted August 2, 2022 Member ID: 5470 Group: *** Clan Members Followers: 52 Topic Count: 371 Topics Per Day: 0.09 Content Count: 2482 Content Per Day: 0.61 Reputation: 3552 Achievement Points: 22894 Solved Content: 0 Days Won: 7 Joined: 02/04/13 Status: Offline Last Seen: Tuesday at 08:24 PM Birthday: 09/17/1968 Device: Windows Share Posted August 2, 2022 Look into Credit Unions instead of banks. They have better rates on everything, from free checking to better rates on all kinds of loans. TheLastColdBeer and WeednFeed 2 Link to comment Share on other sites More sharing options... Awards
BUDMAN Posted August 2, 2022 Member ID: 800 Group: *** Clan Members Followers: 152 Topic Count: 135 Topics Per Day: 0.03 Content Count: 6940 Content Per Day: 1.32 Reputation: 4486 Achievement Points: 58192 Solved Content: 0 Days Won: 6 Joined: 11/27/09 Status: Offline Last Seen: 5 hours ago Birthday: 05/29/1957 Device: Windows Share Posted August 2, 2022 Been with a credit union for many years... thinking since 1978,79 TheLastColdBeer and WeednFeed 2 Link to comment Share on other sites More sharing options... Awards
Majbasil Posted August 2, 2022 Member ID: 6247 Group: ** Registered Users Followers: 22 Topic Count: 24 Topics Per Day: 0.01 Content Count: 650 Content Per Day: 0.16 Reputation: 833 Achievement Points: 5470 Solved Content: 0 Days Won: 0 Joined: 03/23/13 Status: Offline Last Seen: 10 hours ago Device: Windows Share Posted August 2, 2022 Well, interest rates really still are low historically. If you must buy THAT car, even if it is more than your budget can afford, there is the lease option. I am a big believer in keeping what you have and taking care of it, buying what you can afford not what you want. https://advisor.visualcapitalist.com/us-interest-rates/ 2 cents Link to comment Share on other sites More sharing options...
X-RayXI Posted August 2, 2022 Member ID: 133 Group: ++++ Senior Admin Followers: 77 Topic Count: 602 Topics Per Day: 0.11 Content Count: 6883 Content Per Day: 1.29 Reputation: 1370 Achievement Points: 44082 Solved Content: 0 Days Won: 3 Joined: 09/02/09 Status: Offline Last Seen: 13 hours ago Birthday: 12/12/1971 Device: Windows Share Posted August 2, 2022 Why the heck is it normal for you guys in the US, to have a loan on a car? Let alone to have a 'credit'-card. This is what, I never understood. RobMc and Izumi 2 Link to comment Share on other sites More sharing options... Awards
TBB Posted August 3, 2022 Member ID: 989 Group: *** Clan Members Followers: 25 Topic Count: 264 Topics Per Day: 0.05 Content Count: 18128 Content Per Day: 3.47 Reputation: 20142 Achievement Points: 132842 Solved Content: 0 Days Won: 263 Joined: 01/07/10 Status: Offline Last Seen: 6 hours ago Birthday: 01/27/1946 Device: Windows Share Posted August 3, 2022 5 hours ago, Opto66 said: Just when you thought you could buy a new car. The interest rates come and kick you in the ASS. When will all this crap end? Opto66 And you expect it to end why???? It will end when the cesspool we call a government decides to do something for the voters! Link to comment Share on other sites More sharing options... Awards
WeednFeed Posted August 3, 2022 Member ID: 433 Group: ++ COD4 Admin Followers: 39 Topic Count: 345 Topics Per Day: 0.06 Content Count: 2331 Content Per Day: 0.44 Reputation: 3799 Achievement Points: 24034 Solved Content: 0 Days Won: 35 Joined: 09/17/09 Status: Offline Last Seen: 10 hours ago Birthday: 05/28/1957 Device: Windows Share Posted August 3, 2022 I keep my vehicles from 13-18 years. I buy new so I know what hasn’t been done to it. When I worked for a living a younger fellow was leasing every 3 years. He says to me why don’t you get a nice new truck? He told me he just leases his. I asked how much his lease was, I said never mind, let’s say you are paying $400 a month every month for 8 years that’s $38,400 dollars over 8 years. I said I haven’t had a vehicle payment for 8 years and I have my $38,400 in my bank and someone else has yours. He had a really sick looks on his face. I sold my 2002 pickup in December 2019, no payment for 14 years. We had a Honda civic for 15 years and gave to our daughter who drove it for 2 years. We bought a second hand 2004 Honda Civic in 2014 for $5000. It now has 136,00 km that’s 84,500 miles. it’s 18 years old. Got the oil changed at Mr Lube last week one of the guys wants to buy…not happening lol. Buy new keep it, do responsible maintenance and keep your money in your pocket. As the vehicle ages to about 12-15 years I will do about $2500 maintenance per year if it continues to increase I dump them. RobMc, TheLastColdBeer and Izumi 3 Link to comment Share on other sites More sharing options... Awards
RobMc Posted August 3, 2022 Member ID: 25355 Group: **- Inactive Registered Users Followers: 31 Topic Count: 257 Topics Per Day: 0.10 Content Count: 5785 Content Per Day: 2.15 Reputation: 9114 Achievement Points: 63248 Solved Content: 0 Days Won: 132 Joined: 12/14/16 Status: Offline Last Seen: January 10 Birthday: 01/05/1954 Device: Windows Share Posted August 3, 2022 3 hours ago, WeednFeed said: I keep my vehicles from 13-18 years. I buy new so I know what hasn’t been done to it. When I worked for a living a younger fellow was leasing every 3 years. He says to me why don’t you get a nice new truck? He told me he just leases his. I asked how much his lease was, I said never mind, let’s say you are paying $400 a month every month for 8 years that’s $38,400 dollars over 8 years. I said I haven’t had a vehicle payment for 8 years and I have my $38,400 in my bank and someone else has yours. He had a really sick looks on his face. I sold my 2002 pickup in December 2019, no payment for 14 years. We had a Honda civic for 15 years and gave to our daughter who drove it for 2 years. We bought a second hand 2004 Honda Civic in 2014 for $5000. It now has 136,00 km that’s 84,500 miles. it’s 18 years old. Got the oil changed at Mr Lube last week one of the guys wants to buy…not happening lol. Buy new keep it, do responsible maintenance and keep your money in your pocket. As the vehicle ages to about 12-15 years I will do about $2500 maintenance per year if it continues to increase I dump them. I've done exactly the same as you all my life, buying low mileage 1-2 year old vehicles (around 50-60% of new cost) and running them as long as possible. Secret is to run at least 3 in a family so if one is down and being repaired you're still mobile. In general I get around 20 years averaging costs of about £1000 per year, I sell them as 'classics' at 20 years, sometimes getting back more than I paid for them. major-mark63, TheLastColdBeer and WeednFeed 3 Link to comment Share on other sites More sharing options...
WeednFeed Posted August 3, 2022 Member ID: 433 Group: ++ COD4 Admin Followers: 39 Topic Count: 345 Topics Per Day: 0.06 Content Count: 2331 Content Per Day: 0.44 Reputation: 3799 Achievement Points: 24034 Solved Content: 0 Days Won: 35 Joined: 09/17/09 Status: Offline Last Seen: 10 hours ago Birthday: 05/28/1957 Device: Windows Share Posted August 3, 2022 Going to the Credit Union today funny CU’s are mentioned in this post. I’ll be negotiating a better interest rate for our RRSP an TFSA accounts. If you don’t negotiate you won’t get a better deal. My ace in my sleeve is another CU has better rates and have a certain amount of GIC to transfer from elsewhere, so negotiating will be in their court Merlin007, RobMc, codpiece and 1 other 4 Link to comment Share on other sites More sharing options... Awards
Merlin007 Posted August 3, 2022 Member ID: 2068 Group: +++ COD5 Head Admin Followers: 69 Topic Count: 1072 Topics Per Day: 0.22 Content Count: 8429 Content Per Day: 1.73 Reputation: 7289 Achievement Points: 74878 Solved Content: 0 Days Won: 64 Joined: 12/25/10 Status: Offline Last Seen: 10 hours ago Birthday: 05/23/1973 Device: Windows Share Posted August 3, 2022 8 hours ago, WeednFeed said: I keep my vehicles from 13-18 years. I buy new so I know what hasn’t been done to it. When I worked for a living a younger fellow was leasing every 3 years. He says to me why don’t you get a nice new truck? He told me he just leases his. I asked how much his lease was, I said never mind, let’s say you are paying $400 a month every month for 8 years that’s $38,400 dollars over 8 years. I said I haven’t had a vehicle payment for 8 years and I have my $38,400 in my bank and someone else has yours. He had a really sick looks on his face. I sold my 2002 pickup in December 2019, no payment for 14 years. We had a Honda civic for 15 years and gave to our daughter who drove it for 2 years. We bought a second hand 2004 Honda Civic in 2014 for $5000. It now has 136,00 km that’s 84,500 miles. it’s 18 years old. Got the oil changed at Mr Lube last week one of the guys wants to buy…not happening lol. Buy new keep it, do responsible maintenance and keep your money in your pocket. As the vehicle ages to about 12-15 years I will do about $2500 maintenance per year if it continues to increase I dump them. This is the way. I've always bought my cars used, get another 8-10 years or better, bought and paid for. I'm generally the last owner, drive it till maintenance gets to a threshold sort of speak and off to the scrap yard it goes. Next... WeednFeed, TheLastColdBeer and RobMc 3 Link to comment Share on other sites More sharing options... Awards
RobMc Posted August 3, 2022 Member ID: 25355 Group: **- Inactive Registered Users Followers: 31 Topic Count: 257 Topics Per Day: 0.10 Content Count: 5785 Content Per Day: 2.15 Reputation: 9114 Achievement Points: 63248 Solved Content: 0 Days Won: 132 Joined: 12/14/16 Status: Offline Last Seen: January 10 Birthday: 01/05/1954 Device: Windows Share Posted August 3, 2022 43 minutes ago, Merlin007 said: This is the way. I've always bought my cars used, get another 8-10 years or better, bought and paid for. I'm generally the last owner, drive it till maintenance gets to a threshold sort of speak and off to the scrap yard it goes. Next... Yep, change the oil every 6000 miles, and a diesel will easily do 250,000 and a petrol 150,000 miles with no problems. Other bits are just straight mechanical replacement or wear, as we all know rust is the enemy I live near the coast and by 20 years my cars are starting with tin rot, so off they go. If you live in California a car should last a lifetime, if you service, and change all fluids. WeednFeed, TheLastColdBeer, major-mark63 and 1 other 4 Link to comment Share on other sites More sharing options...
major-mark63 Posted August 3, 2022 Member ID: 23233 Group: *** Clan Members Followers: 21 Topic Count: 43 Topics Per Day: 0.01 Content Count: 2424 Content Per Day: 0.77 Reputation: 1902 Achievement Points: 19137 Solved Content: 0 Days Won: 7 Joined: 09/10/15 Status: Offline Last Seen: 12 hours ago Birthday: 08/11/1963 Device: Windows Share Posted August 3, 2022 I dunno but in early 80's interest rates were a lot higher than today , and the option was to pay your car cash , and to buy cheaper cars than a huge truck or BMw,s... TBB, WeednFeed, TheLastColdBeer and 1 other 4 Link to comment Share on other sites More sharing options... Awards
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