Helpmenow Posted March 15, 2018 Share Posted March 15, 2018 1 hour ago, ExiledInIllinois said: It's all perspective. Not if one is making 20k a month. What's a grand here or there for transportation. You must be then Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 15, 2018 Share Posted March 15, 2018 30 minutes ago, Helpmenow said: You must be then Not saying I agree, all perspective. Other parameters factor in too... I think it is unheard of too to over-extend on a mortgage. 5 years vs. 30? I am thankful cost of by me is low. Again, all perspective... 1,000s on a mortgage is crazy. Vehicles... I pay cash. Bad investment cars. But you can lessen it. That's the best bargaining chip w/dealers... You can almost dictate your price, if they know you will cut them a clean deal, check or walk. Some dealer will bite, pass their loss onto someone else. Hey, the systen kills me too. Link to comment Share on other sites More sharing options...
plenzmd1 Posted March 15, 2018 Share Posted March 15, 2018 (edited) 1 hour ago, ExiledInIllinois said: Not saying I agree, all perspective. Other parameters factor in too... I think it is unheard of too to over-extend on a mortgage. 5 years vs. 30? I am thankful cost of by me is low. Again, all perspective... 1,000s on a mortgage is crazy. Vehicles... I pay cash. Bad investment cars. But you can lessen it. That's the best bargaining chip w/dealers... You can almost dictate your price, if they know you will cut them a clean deal, check or walk. Some dealer will bite, pass their loss onto someone else. Hey, the systen kills me too. 3 so why would you pay cash for a bad investment when interest rates have been historically low for a decade and the market has been exploding? And BTW, dealers hate, or at the very least, are ambivalent to all-cash deals..they make cake on the financing as well in many instances. All cash to them only matter if you cant get a loan..then all cash is great!!! BTW, I always put at least $3,000 down on the card..might as well get the points, and that is the max I have seen at most dealerships. Edited March 15, 2018 by plenzmd1 Link to comment Share on other sites More sharing options...
Helpmenow Posted March 15, 2018 Share Posted March 15, 2018 In California everyone that I knew was paying interest only loans and paying 3000k monthly plus on a house. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 15, 2018 Share Posted March 15, 2018 46 minutes ago, plenzmd1 said: so why would you pay cash for a bad investment when interest rates have been historically low for a decade and the market has been exploding? And BTW, dealers hate, or at the very least, are ambivalent to all-cash deals..they make cake on the financing as well in many instances. All cash to them only matter if you cant get a loan..then all cash is great!!! BTW, I always put at least $3,000 down on the card..might as well get the points, and that is the max I have seen at most dealerships. Laziness... Clean. Done. Edit: On my part. 3 minutes ago, Helpmenow said: In California everyone that I knew was paying interest only loans and paying 3000k monthly plus on a house. Wow! Link to comment Share on other sites More sharing options...
plenzmd1 Posted March 15, 2018 Share Posted March 15, 2018 3 minutes ago, Helpmenow said: In California everyone that I knew was paying interest only loans and paying 3000k monthly plus on a house. Most be living in hovels 7 minutes ago, ExiledInIllinois said: Laziness... Clean. Done. Let your money work for ya!!! Debt is NOT a bad word Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 15, 2018 Share Posted March 15, 2018 10 minutes ago, plenzmd1 said: Most be living in hovels Let your money work for ya!!! Debt is NOT a bad word I know. The ghost of Ralph haunts me. But not enough to tool around in a Ford Taurus... I would take a loan. Link to comment Share on other sites More sharing options...
Helpmenow Posted March 15, 2018 Share Posted March 15, 2018 (edited) I had a nice house in a suburb in San Diego and it was very common back then 3000k for a home and of course everyone had high end cars as well. House was constructed in 2002. Edited March 15, 2018 by Helpmenow Link to comment Share on other sites More sharing options...
shrader Posted March 16, 2018 Share Posted March 16, 2018 This all reminds me of a story that I think is a perfect example of how dirty dealerships can be. 5 or so years ago when my car was 1 year old, a dealership was having one of their buyback events with so called great deals. I had free time so I decided to check it out, with absolutely no intention of trading in. When they priced out the cost for the new car, some very simple math showed me that the trade back value they were offering me for the one year old car with less than 10k miles was a nice round $0. Now I guess it’s not robbery if you agree to it, but that’s easentially what they were trying. I walked out the door that second. Yeah, it’s a negotiating game, but that was one hell of a slap in the face as a starting point. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 16, 2018 Share Posted March 16, 2018 8 minutes ago, shrader said: This all reminds me of a story that I think is a perfect example of how dirty dealerships can be. 5 or so years ago when my car was 1 year old, a dealership was having one of their buyback events with so called great deals. I had free time so I decided to check it out, with absolutely no intention of trading in. When they priced out the cost for the new car, some very simple math showed me that the trade back value they were offering me for the one year old car with less than 10k miles was a nice round $0. Now I guess it’s not robbery if you agree to it, but that’s easentially what they were trying. I walked out the door that second. Yeah, it’s a negotiating game, but that was one hell of a slap in the face as a starting point. Car dealers are slime... Below bankers in Dantes Inferno... If they one had cars in The Inferno... Link to comment Share on other sites More sharing options...
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