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oh yea nothing wrong with having a nice car i agree but in this day and age your money would be alot more wisely invested in land first, then car. now am i saying an upgrade should be out of the question? lord no but dont go for the top of the line right now just cause you can afford it.....that being said if you already have a good house and some property then by all means haha but noone thinks long term these days
3 time POTW, member since 2006, MLWTI: 4-3
To go with that. Sounds like new money. Be careful that you aren't living outside your means.
It was actually a joke. just a longer thought than i would have used. If you're going to own the car 5+ yrs and you get 0% interest it's a no brainer. Keep your money they're letting you use theirs at no cost.
my head now hurts
you could have saved yourself a lot of time.
I said, " If you can't pay for it in cash you don't need to be buying it. Best advice you will get here." I didn't say getting it financed at 0.0% APR was a bad idea. You seem like a smart guy but just missed on my point.
I'm still of the opinion if you don't have the cash in an account to pay it off if you lost your job then it is a bad purchase.
Also the last sentence of your post really got me thinking.
"-Also there was 0 incentive for me to pay the loan off early. Instead, that reserve money was used to pay off interest bearing debt (ie. credit cards, student loans)"
You have credit card debt and are buying a brand new Denali with 20" rims? Wow!!! Let me guess you got some fantastic credit card with a 0.0% APR? you just transfer your credit card debt to a new card interest free for 6 months?
I know I am in the minority here, but a car to me is just a way to get around. Most cars on the market are reliable these days, and you can find plenty of lower priced alternatives to the luxury cars that cost 30-50% more. I just don't get it.
Are you really Dave Ramsey
I have 0.0% loan on a MKX. Can't beat zero.
Do not buy Audi unless you want to drop $1000 minimum for routine stuff.
I would go for a BMW X5,
I love mine. It's never caused me any trouble.
Ahhhh 50k dollar cars are the biggest scam America has bought into.
Will it get you where you are going faster or cheaper than a 20k dollar car? No, speed limits will prevent that.
Will you look a lot cooler in a 50k dollar car ? Yes....lol America
Steve Spurrier is a God, and Mark Richt worships him
Lincolns version of the Ford Edge is pretty sharp. Most Lincolns now are good looking vehicles. I looked at the 300 srt8 and just could not see what was more appealing than the six cylinder 300s .
Agree. For the little difference between luxury and standard cars, the extra cost is not validated.
I would say biggest scam in America is a bit if a stretch dont you think. Almost any luxury can be replaced by a cheaper alternative The argument that its a scam or not practical is usually made by those who don't want or can't afford said item(s)
It is the definition of not practical. When a similar car with similar features and capabilities can be obtained for 50% of the price, there is no praticality.
I drive around a car that I bought for 16k right out of college (new). I assure you, I can purchase a new car with ease... but why would I? This thing has been paid off for years, doesn't give me any problems and gets me where I need to go. That is practical.
I love my X5 as well but any BMW, Porsche, or Mercedes is going to cost a boatload of money for routine stuff once the warranty is done. Hell a brake job is $1000+ due to the rotors having to be replaced every time and do not get me started on a tune-up.
OP- keep in mind that the more expensive the car, the more the cost of maintenance is.
I wasn't arguing practicality.... Or your ability to buy a car. I just don't think that not practical=scam. 5000sq ft houses , $1500 handbags or suits and a $4000 couch aren't practical but I don't think they are scams
Yeah, I wouldn't call it a scam either. People are getting what they wanted when they purchased the vehicle, so it's not a scam.
Buying a BMW or a Porsche or any cars in said tier or higher has nothing to do with being practical. Sure, plenty of people just blow money on name brands 'cause that's what they do, but for a lot of others it's about wanting a more satisfying driving experience.
as a BMW owner I can tell you what BMW stands for, and its not practicality.
BMW = Buncha Money Wasted.
My buddy got out of his 5 series as soon as warranty lapsed. He flipped to a Lexus GS 350. Seems to like so far.
only Lex worth owning, IMO, is the ISF.
Hes a pretty big guy, gotta think that car would be snug. Ill be sure to let him know your thoughts
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