Buying a new car at these Joe Biden prices
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Jimbojolly
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Posted 7:07 am, 02/17/2025
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Poor little troll, starving for attention.
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Fakey
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Posted 10:45 pm, 02/16/2025
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This post will NOT be removed for trolling:
BigSal (view profile) | Posted 10:15 pm, 02/16/2025 | DB still blaming everyone but itself for making poor financial decisions.
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BigSal
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Posted 10:15 pm, 02/16/2025
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DB still blaming everyone but itself for making poor financial decisions.
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Jack Schitt
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Posted 8:58 pm, 02/16/2025
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Anti is it easier to save money when living with your mom ?
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consul
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Posted 2:49 pm, 02/15/2025
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Now Elon's the power behind the throne EV's are good, get out and buy one he needs the money.
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Albert Pike
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Posted 2:35 pm, 02/15/2025
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Antithesis,
Still using a lot of words when two letters (NO) would suffice.
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antithesis
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Posted 1:51 pm, 02/15/2025
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Dear God, why are you so obsessed with this nonsense? It's not a question of who is better at finance, it's basic **** math.
In 50 years, if you buy a new car every 10 years then you will have spent $200,000 on cars... 40000 x 5.
If you buy a 2 year old used car every 8 years, though, you will have spent $175,000... 28000 x 6.25
Over the span of 50 years, that $25,000 savings is $41.67 a month. I have no idea where the OP's article came up with $400 a month... But you also lose 2 years of warranty and any updates in fuel efficiency, so that saving can easily be offset in gas or repairs.
Further, it ignores inflation. After the Trump Depression, those 2 years made the $12,000 that you saved have a real value of $10,612. Meaning that, if Trump's inflation continues at the same rate, then over 50 years you will have spent an equivalent of $33,675 more on used cars than you would have spent on new cars.
My parents did not give me millions, and I couldn't use their name to get multi million dollar loans.
But he inherited $150 million in 1992 and is now worth $200 million. That's an increase of 33%... far below inflation.
In the same amount of time, I went from $0 in the bank to almost $1 million in my stock portfolio. For the sake of math let's pretend that I had $1 in the bank, not $0... that's an increase of 100,000,000%.
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Albert Pike
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Posted 1:34 pm, 02/15/2025
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Antithesis,
That is lot of words just to avoid saying, no I do not have a BS in finance and real estate like Dave Ramsey.
"Even in spite of that, he filed bankruptcy at least once and lost $4 million. I've never done that, either."
Have you ever had $4 million to put up with an uncertain outcome?
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antithesis
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Posted 1:29 pm, 02/15/2025
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Do you have a BS in finance and real estate, Dave Ramsey does
Sure... his parents were millionaire real estate developers, and it's easy to be a millionaire when your parents give it to you! He was born on third base and thought he hit a home run.
Even in spite of that, he filed bankruptcy at least once and lost $4 million. I've never done that, either.
His life really turned around when his dad died and he inherited $150 million in commercial property...
That's not to discredit him, though... you're the one trying to make this about me versus him. He could be a financial genius for all I know. But it doesn't take a BS in finance and real estate to multiply by five... maybe that seems unfathomable to you, but it's just third grade math...
The only time that I can see that buying a used car would make more sense is if you're the type of person that would trade your car every 1 or 2 years, anyway. If that's you then, yes, it would make more sense to wait until the majority of depreciation is over before buying. But if you're the type of person that drives it until the wheels fall off then the depreciation doesn't matter... you'll just end up paying more in the long run.
Believe me or not, I couldn't care less. It's just basic math.
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DB Cooper
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Posted 9:36 am, 02/15/2025
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Yippee! We have our own financial wizard right here on site!
One of her stellar recommendations that I recall is to always take your car to a dealership for repairs!
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Foxnose
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Posted 8:33 am, 02/15/2025
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Anti has nothing but TIME
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Albert Pike
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Posted 8:30 am, 02/15/2025
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Antithesis,
Do you have a BS in finance and real estate, Dave Ramsey does;
"At age 18, Ramsey took the real estate exam[2] and began selling property, working through college at the University of Tennessee, Knoxville,[2] where he earned a Bachelor of Science degree in finance and real estate.[3]"
https://en.m.wikipedia.org/...ave_Ramsey
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Jack Schitt
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Posted 8:06 am, 02/15/2025
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Unions walking out to get more benefits higher wages on Biden's watch had nothing to do with higher automobile prices. Biden's war on diesel trucks had nothing to do with it . California banning older diesel trucks, dock workers going on strike for higher wages all on Biden.
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antithesis
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Posted 8:23 pm, 02/14/2025
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Dave Ramsey is perhaps the most well-known voice in personal finance in the country -- Forbes
"Well known" doesn't make him right. I showed the math, do you think it's wrong?
Anti... if you so smart why don't we see you on TV or hear your on the radio?
It doesn't take a genius to multiply by 5, though...
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bif14
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Posted 8:19 pm, 02/14/2025
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Buy electric while you can! Prices to be higher with Trump!
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underdog2
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Posted 8:17 pm, 02/14/2025
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consul | Posted 2:05 pm, 02/14/2025 | Buy an EV they're OK with rhe MAGATS now Musk is running the country. Haven't heard DombBell knocking 'em since Elon took over.
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How many do you have piss ant?
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bif14
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Posted 8:15 pm, 02/14/2025
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Better but them now, they are going to be higher under Trump!
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DB Cooper
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Posted 8:11 pm, 02/14/2025
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Dave Ramsey is perhaps the most well-known voice in personal finance in the country -- Forbes
Anti... if you so smart why don't we see you on TV or hear your on the radio?  
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BigSal
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Posted 8:04 pm, 02/14/2025
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Give it a few months and we can all enjoy our government issued Cybertruck!
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