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Forum » More General Categories » Misc. » Is buying a new 50-60k ever 3 years one of the best investments a man can make?
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Thread: Is buying a new 50-60k ever 3 years one of the best investments a man can make?

post 10000248763 22 hours ago, 02:39 PM
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  1. edwardhaskell
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Is buying a new 50-60k ever 3 years one of the best investments a man can make?

Assuming he's into experiencing different vehicles every few years. When you factor in improved safety, usually fuel economy, performance, no repairs -- the net cost is maybe $400/month if you can borrow money at a decent rate.

$400/month for enjoyment that's purely focused on yourself has got to be worth sacrificing an extra million in retirement right?

btw -- I say $50-60k because that's sorta the sweet spot where you can get most of what the automotive market has to offer for the best value.
post 10000248770 22 hours ago, 02:42 PM
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No matter how good your credit is you’re not getting a 50k car for 400/month unless you put down a big down payment
post 10000248772 22 hours ago, 02:42 PM
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I buy a new Honda Ridgeline every 3 years
post 10000248776 22 hours ago, 02:51 PM
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  1. edwardhaskell
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Originally Posted By Waingro⏩
No matter how good your credit is you’re not getting a 50k car for 400/month unless you put down a big down payment
that's the net cost after considering the $200 convience fee of not many repairs/all maintenance under warranty, better safety, better performance, usually better fuel economy, pleasure
post 10000248777 22 hours ago, 02:51 PM
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  1. edwardhaskell
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Originally Posted By John
I buy a new Honda Ridgeline every 3 years
iconic piece of automotive history.
post 10000248841 21 hours ago, 03:47 PM
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I've known a few leasecels over the years. Depends a lot on your lifestyle and what you're looking for from a vehicle. I'm actually not 100% against it.
post 10000248869 21 hours ago, 04:01 PM
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  1. Zere0wn
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this is dumb, you know it's dumb, and you're running out of troll material
post 10000248885 20 hours ago, 04:07 PM
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  1. edwardhaskell
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Originally Posted By Zere0wn⏩
this is dumb, you know it's dumb, and you're running out of troll material
why is spending $400/month for something used so much dumb?
post 10000248889 20 hours ago, 04:09 PM
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  1. Zere0wn
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Originally Posted By edwardhaskell⏩
why is spending $400/month for something used so much dumb?
negged for trolling
post 10000248890 20 hours ago, 04:09 PM
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terrible idea ed
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post 10000248899 20 hours ago, 04:15 PM
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  1. edwardhaskell
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Originally Posted By DrugsToGetBig⏩
terrible idea ed
people spend that amount on coffee...like i said over the course of 30 years perhaps your a million down but that won't matter to some
post 10000248900 20 hours ago, 04:16 PM
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  1. MikeLowrrrey
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No its dumb. A new car is barely broken in at 3 years, why do you need another new car. Even if you bought 2 years old, thats still only 5 years old.


Its best to invest that money.


Speaking of which, I hope your retirement fund in past 6 figures making a thread like this.
post 10000248904 20 hours ago, 04:20 PM
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  1. edwardhaskell
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Originally Posted By MikeLowrrrey⏩
No its dumb. A new car is barely broken in at 3 years, why do you need another new car. Even if you bought 2 years old, thats still only 5 years old.


Its best to invest that money.


Speaking of which, I hope your retirement fund in past 6 figures making a thread like this.
you sound like a boring accountant

if someone is on pace to retire comfortably that amount of money shouldn't be a big deal unless their goal is to simply have as much as possible at like 70.
post 10000248911 20 hours ago, 04:24 PM
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Originally Posted By edwardhaskell⏩
people spend that amount on coffee...like i said over the course of 30 years perhaps your a million down but that won't matter to some
you'd need to put like 35k down to have a $400 a month payment every 3 years
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post 10000248931 20 hours ago, 04:42 PM
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Originally Posted By edwardhaskell⏩
you sound like a boring accountant

if someone is on pace to retire comfortably that amount of money shouldn't be a big deal unless their goal is to simply have as much as possible at like 70.
I'll be a boring accountant if it means wageslaving 20 less years.

Im the type of guy who would be happy with a $20k C5 corvette. I dont need a new car every 3 years, for what? Cars aren't even that good to be trading every 3 years.
post 10000248933 20 hours ago, 04:47 PM
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Originally Posted By DrugsToGetBig⏩
you'd need to put like 35k down to have a $400 a month payment every 3 years
We are subtracting money from the payment for better fuel, no repairs, better safety, better performance, etc. that's how we get to a true cost of $400/month. driving a 10 year old car until it's 25 years old usually isn't free considering you might spend money on fixing major things along those 15 years
post 10000248934 20 hours ago, 04:48 PM
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  1. edwardhaskell
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Originally Posted By MikeLowrrrey⏩
I'll be a boring accountant if it means wageslaving 20 less years.

Im the type of guy who would be happy with a $20k C5 corvette. I dont need a new car every 3 years, for what? Cars aren't even that good to be trading every 3 years.
this is assuming you will already have enough to not wage slave.
post 10000248985 19 hours ago, 05:19 PM
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Originally Posted By edwardhaskell⏩
this is assuming you will already have enough to not wage slave.
To easily afford a new $50k - $60k every 3 years means you make $250k minimum. Is that what you make?
post 10000248989 19 hours ago, 05:21 PM
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LMAO at not just putting the cash down for a $50-60k vehicle every three years then scrapping it and getting a new one.

U fuckin poor or something brah??

Personally I buy a $90k car every three weeks and don't see anyone who can't do the same as human.
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post 10000248993 19 hours ago, 05:24 PM
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Haskell pls.
post 10000249080 18 hours ago, 06:16 PM
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If you can get a tax advantage from leasing, sure. Buying and paying interest on a loan for a depreciating asset is dumb as fuck. Lease as a business owner or pay cash outright.
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post 10000249341 15 hours ago, 09:19 PM
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#22
  1. edwardhaskell
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Originally Posted By MikeLowrrrey⏩
To easily afford a new $50k - $60k every 3 years means you make $250k minimum. Is that what you make?
why would you need to make $250k to afford payments on a $50k car?
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