Cash for clunkers....
New User
Joined: Jan 2009
Posts: 19
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your right buying used is the way to go
greetings Mr. B's FX4
No offense taken, just a conversation,
I spent the first few years of my "adult life" buying and financing a new car every time I turned around. I sorrta learned that from my DAD who was a salesman and bought a new car every year. After a few years I realized I was never gonna get ahead and changed my philosophy.
Since I do 95% of the work on my vehicles I've been buying 3-4year old lease turn-ins and drive them till they were about done.
My advice to anyone is always live w/in your means, & since I haven'tmade car payments in 20 years I jsut don't need that expense.
As for the sales girl, I'm 50 she looked 18 to me (probably was 25-30 though), I think she never expected an old bald guy in jeans with an old truck to pay cash. The salesgirl spent alot of her time getting text messages while I was there, she didn't get this sale.
No offense taken, just a conversation,
I spent the first few years of my "adult life" buying and financing a new car every time I turned around. I sorrta learned that from my DAD who was a salesman and bought a new car every year. After a few years I realized I was never gonna get ahead and changed my philosophy.
Since I do 95% of the work on my vehicles I've been buying 3-4year old lease turn-ins and drive them till they were about done.
My advice to anyone is always live w/in your means, & since I haven'tmade car payments in 20 years I jsut don't need that expense.
As for the sales girl, I'm 50 she looked 18 to me (probably was 25-30 though), I think she never expected an old bald guy in jeans with an old truck to pay cash. The salesgirl spent alot of her time getting text messages while I was there, she didn't get this sale.
buying a 3 or 4 year old truck is the way to keep money in your pocket and not be new car broke like my friends that need to ask mom and dad for money to pay car payments at 40 years old. take it from me my 93 f150 still looks great and runs great and no $500 a month payments like my friends. and like you said i will pay cash for the next one to. my brother just bought a new gmc for $565.00 a month for the next 72 months i told him he was nuts.
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Senior User
Joined: Apr 2008
Posts: 472
Likes: 1
Greetings Louie3:
Just thought I'd add my 2cents;
If you can afford $300-$500/ month good for you, that is impressive for a HS student, in my reply earlier I discussed how I bought a new car every year or so..It all started in 1976 when I graduated H.S, I was 17 bought a brand spanking new Granada for $3800, just over $100 a month seemed easy on my $380 / month income.... Psycologically I needed a new car every year or so, this for me was flawed as I was destined to make payments forever...I was almost 30 before I figured it out...Invest what would have been a car payment into a growth mutual fund. You'll be amazed how much money $300/ month grows to in 4-5 years.
A truck is generally a better choice for a new vehicle than a car, a truck retains it's value real well so used there is quite a premium compared to a car, I just don't recommend at a young age getting a new one every few years.
My thumbrule is find the original price / 2 that is what a 3 year old with 30,000 miles is worth.
By my Thumbrule a nice 4X4 SC was about 30K in 2006, if you find a clean one with 30,000 miles anything under 15K if good, drive it for 10 years and you'll be ready to go again. (I had the '92 for 14 1/2 years).
I wish you the best of luck if you get a new truck or not...with the 2010's coming, no reason to be in a hurry... do your homework & hold out for the best deal.
Just thought I'd add my 2cents;
If you can afford $300-$500/ month good for you, that is impressive for a HS student, in my reply earlier I discussed how I bought a new car every year or so..It all started in 1976 when I graduated H.S, I was 17 bought a brand spanking new Granada for $3800, just over $100 a month seemed easy on my $380 / month income.... Psycologically I needed a new car every year or so, this for me was flawed as I was destined to make payments forever...I was almost 30 before I figured it out...Invest what would have been a car payment into a growth mutual fund. You'll be amazed how much money $300/ month grows to in 4-5 years.
A truck is generally a better choice for a new vehicle than a car, a truck retains it's value real well so used there is quite a premium compared to a car, I just don't recommend at a young age getting a new one every few years.
My thumbrule is find the original price / 2 that is what a 3 year old with 30,000 miles is worth.
By my Thumbrule a nice 4X4 SC was about 30K in 2006, if you find a clean one with 30,000 miles anything under 15K if good, drive it for 10 years and you'll be ready to go again. (I had the '92 for 14 1/2 years).
I wish you the best of luck if you get a new truck or not...with the 2010's coming, no reason to be in a hurry... do your homework & hold out for the best deal.
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Joined: Apr 2004
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Hey, I've bought a couple vehicles that way, you get a lot off. Maybe on a current or previous year, say $4500 off on a $24000 vehicle for example..... So when I saw my chance to get $4500 off a NEW vehicle, well, I just couldn't help myself....
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