October 2019 15k SPAM Thread

[phillstill]

Depends.  I had a job that required me to have a specific amount of insurance on my car (100/300/100) and my old clunker died right after.  I bought a new car because I tend to keep my cars until they die, like 275k miles and over.  A new car is something you can afford if you know you're not going to sell/will be using it/don't mind depreciation.

I hope they where paying for your insurance then! If an employer dictates what you drive/insure then they should pay you a monthly car allowance or give you a company car.  

 

[RBHeadge PE]

 is way better than some people I know, who are in their 40/50s and don't have any money in their 401k.

ughh, that's a scary situation

 

[JayKay PE]

I hope they where paying for your insurance then! If an employer dictates what you drive/insure then they should pay you a monthly car allowance or give you a company car.  

They did give me an allowance for using my vehicle, but it was a pain in the *** because I lived on LI/in the NYC area so insurance was already ridiculous and that combined with a new Toyota (Corolla, so nothing crazy).  The main thing on LI is that I had to drive a lotttttt.  So a new car made sense because I'd rather have a car where everything is covered the first 2-years/100k miles, where I would drive over 50k in the first year, than have a semi-used car that I have to pour money into.  Also, I never know how much insurance I technically 'need' since so many websites and people give different opinions.  I've always heard the 100/300/100 but I want to start saving money on insurance, especially since I'm not driving as much in Indy.

 

[Will.I.Am PE]

Depends.  I had a job that required me to have a specific amount of insurance on my car (100/300/100) and my old clunker died right after.  I bought a new car because I tend to keep my cars until they die, like 275k miles and over.  A new car is something you can afford if you know you're not going to sell/will be using it/don't mind depreciation.

lusone:

I've embraced the "buy new and drive it 'til the wheels fall off" philosophy. I'm done inheriting other people's problem cars.

 

[MadamPirate PE]

Dude.  The fact that you're even putting in money is amazing!  I'm sitting on 6% as well, due to a bunch of debt that I want to get more of a handle on before I even attempt to raise that number.  Retirement planning is a wild horse that is different for every person.  It also depends on where you might be living, what you're making right now, and all these other variables.  The fact you're thinking about it and putting money away is way better than some people I know, who are in their 40/50s and don't have any money in their 401k.

I cleared out my Starbucks 401k to go back to school. When I got this job after graduation, first thing I set up was a new 401k. 

 

[MadamPirate PE]

lusone:

I've embraced the "buy new and drive it 'til the wheels fall off" philosophy. I'm done inheriting other people's problem cars.

This is my next car. I got a certified pre-owned from a local dealership, but there's still some occasional weirdness. Like my map lights leaking when it rains too hard. 

ETA: ooh, tops again!

 

[LyceeFruit PE]

lusone:

I've embraced the "buy new and drive it 'til the wheels fall off" philosophy. I'm done inheriting other people's problem cars.

This is basically my plan since I plan to drive them for so long. I'm not anti-used cars tho, idk. I just don't plan on car shopping for another ~8 years

 

[Will.I.Am PE]

I'm not anti-used cars tho

After my wife's car basically blew up and she was largely left high and dry for a couple months, I'm basically anti-used. The only reason there's a decent supply of (reasonably) reliable used cars out there is that a number of people have made poor financial decisions... or have way too much money to play around with. Really, the only exception is when an old person dies.

 

[txjennah PE]

Good morning spammers!

 

[Will.I.Am PE]

Good morning spammers!

Morning, @txjennah PE.

 

[txjennah PE]

After my wife's car basically blew up and she was largely left high and dry for a couple months, I'm basically anti-used. The only reason there's a decent supply of (reasonably) reliable used cars out there is because a number of people have made poor financial decisions... or have way too much money to play around with.

I bought a new truck right out of college and ended up damaging both sides (!) in two separate parking garage incidents (!!) within a year of purchasing it. (yes, I should not have been driving a truck). I never fixed the damage and kept it right until I moved to Indiana, so a good 11 years, but that experience soured me on both new cars and trucks!  I have a small used SUV now that I bought through CarMax, and I looooove it.  

 

[Will.I.Am PE]

I bought a new truck right out of college and ended up damaging both sides (!) in two separate parking garage incidents (!!) within a year of purchasing it. (yes, I should not have been driving a truck). 

You learned the hard way that trucks and parking garages don't mix.  ldman:

 

[Booo]

I have realized that a lot of folks on EB own or have owned a truck. 

 

[ChebyshevII PE PMP]

I once stuck my parents Chevy suburban in a compact space (successfully, I might add). I did have to climb out the back in order to exit the vehicle, though.

 

[Will.I.Am PE]

I one stuck my parents Chevy suburban in a compact space (successfully, I might add). I did have to climb out the back in order to exit the vehicle, though.

Impressive.

 

[LyceeFruit PE]

You learned the hard way that trucks and parking garages don't mix.  ldman:

I hate parking garages so much and I drive a Subie

 

[MadamPirate PE]

spam

 

[phillstill]

After my wife's car basically blew up and she was largely left high and dry for a couple months, I'm basically anti-used. The only reason there's a decent supply of (reasonably) reliable used cars out there is that a number of people have made poor financial decisions... or have way too much money to play around with. Really, the only exception is when an old person dies.

I only buy Toyota, Lexus, Honda. You have to be patient and find vehicles with perfect service records. Back in 2009 I spent 8 months looking for the perfect used truck. I knew I wanted a Toyota Tacoma 4 door 4x4. Took my time and found a pre-leased one that had 30k miles and was leased by a guy in his late 50s. Two years ago I decided to get a Lexus GX470 for my wife. Spent 4 months searching. I found out you could plug the VIN into the Lexus website and get all the dealer service records. Found one at a small used car lot with a perfect maintenance record. It looked like a soccer mom that took the SUV into the dealer every 5k miles. I had cash and spent 4 days back and forth haggling the dealer from $13k down to $9K out the door. 

 

[RBHeadge PE]

I once stuck my parents Chevy suburban in a compact space (successfully, I might add). I did have to climb out the back in order to exit the vehicle, though.

Cheby's Chevy?

 

[LyceeFruit PE]

Yeah, I bought my subie on a whim. Like did no research, test drove the car, and bought it the next week. Second model year of the Crosstrek. 

Will definitely do more research and haggle this next time around tho