What Have You Done to Your 4th Gen This Week?

[shane_th_ee]

What do you guys or your wife’s do to be able to pay cash for a $80K vehicle? I need a better job. [emoji53]


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Only buy one every 20 years...

 

[sjwelds]

What do you guys or your wife’s do to be able to pay cash for a $80K vehicle? I need a better job. [emoji53]


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Same!

 

[StealthyBulldog]

Black Gorilla lug nuts.

Nice! Do you know the part number of the ones you ordered? Just want to make sure I get the right ones, and after hearing the stories about the factory ones, don't want to chance it!
Thanks

 

[bushpilot]

What do you guys or your wife’s do to be able to pay cash for a $80K vehicle? I need a better job. [emoji53]

WE (as in my wife & I) work our ***** off, we save money and if we cant pay for it in cash - we dont buy it....same goes for our credit cards - we dont carry balances (and we dont over spend).

you dont have to be rich to OWN your vehicle.

 

[Artie]

Paying it off up front means you lose the 3-10% a year in interest on those funds.

It’s not big money but technically speaking you should always take a 0% loan and max out the term. Pay it off in its entirety before trading in.

Emotionally speaking I always get antsy and end up paying it off in one lump sum by the end of the second year. Just hate having debt.

& @shane_th_ee
So many factors have to go correct for a long time (7years) to make this pay off. This is a hard sell on a depreciating asset at the moment given the market just shat the bed and millions lost their jobs, this after the market was on a tear as if it took steroids with ******. And this assumes you keep it until it’s payed off. The way I look at it, if you have to finance for 7 years your buying a vehicle you can’t afford. The ability to consume has become the metric we measure a strong economy with and it’s the exact opposite way it should be measured.

 

[mquick5]

Even if I have the cash, I will always opt for 0%. I mean why not borrow there money, pay it back at no cost, and build your credit rating. Of course you have to have good credit to qualify for the 0% in the 1st place.

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[carymccarr]

& @shane_th_ee
So many factors have to go correct for a long time (7years) to make this pay off.

You simply throw the total amount of the vehicle into a CD and you’re golden.

All the has to go right is that your CD’s continue to return more than 0%.

 

[Artie]

You simply throw the total amount of the vehicle into a CD and you’re golden.

All the has to go right is that your CD’s continue to return more than 0%.

To each their own, for sure. There is no 100% one size fits all answer on this.

 

[Rancidlunchmeat]

& @shane_th_ee
So many factors have to go correct for a long time (7years) to make this pay off. This is a hard sell on a depreciating asset at the moment given the market just shat the bed and millions lost their jobs, this after the market was on a tear as if it took steroids with ******. And this assumes you keep it until it’s payed off. The way I look at it, if you have to finance for 7 years your buying a vehicle you can’t afford. The ability to consume has become the metric we measure a strong economy with and it’s the exact opposite way it should be measured.

The point is if you have the cash you are better investing it and taking out the zero % loan. If you take your $80k and buy the vehicle in cash you automatically lose the 1%-7% return you would have gotten on that $80k had you invested it. Even if you want to "play it safe" by making sure that investment is extremely safe and highly liquid so you could immediately pay off the vehicle should you suddenly have the need to, you're only lowering your return. You're not eliminating it and any return is going to be greater than the zero return you get from just buying the vehicle outright.

This all assumes you have the cash to buy the vehicle outright to begin with.

 

[wakeboarder]

I just purchased a new 2020 Stealth.

0% - 84 months is for 2019s
0% - 72 months, no rebate
0% - 60 months, $2250 rebate
Standard financing - $4250 rebate.

The way I read this is a person gives up $2000 to $4250 out of the gate if they choose 0% financing.

 

[carymccarr]

To each their own, for sure. There is no 100% one size fits all answer on this.

Financially speaking there is. Not taking a 0% loan is the equivalent of paying at least 2% more for your vehicle.

 

[carymccarr]

This all assumes you have the cash to buy the vehicle outright to begin with.

This is the crux of any confusion around this.

 

[Matthew Marlowe]

Only buy one every 20 years...

More likely:
- Don't own a vehicle before 25 unless family is paying
- Own the cheapest vehicle you can until 30-32
- Buy one reliable no-frills midsized truck or SUV when one has 4+ yr old kids
- Keep those vehicles for 15+ yrs
- Around 45-50yrs old, you and spouse agree to buy one maxed out expedition and one reliable electric commuter vehicle
- Those are the last vehicles you ever buy, even if you are driving them 30yrs later.

Thats how it is done. There is a fixed amount of money in life, saving up when young makes things much easier when old.

 

[LokiWolf]

The way I read this is a person gives up $2000 to $4250 out of the gate if they choose 0% financing.

Which 0% is worth WAY more than that on a loaded Expedition. My dealer met the discount I lost by going 0-72. Good stuff!


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[Flexpedition]

Not really a good thread for this but wanted to share. I lurk various classifieds seeking a specific one-of-ten-made unicorn edition of a 2018+ Expedition. I'll occasionally high to low shuffle the results by distance, price, or mileage and stumbled across this one. A 2018 with 143,007 miles and evidently $0 second row captains.

https://www.towneautosales.com/details/used-2018-ford-expedition-max/65093564

The drivers seat bottom is about the only indicator of the use. Appears these trucks will age well.

 

[AKentPhoto]

I got the Flex lights mounted up on the SDHQ mounts. Won't be able to wire them up for another week or two though...


While cleaning the interior I started playing with mounting locations for a vhf. I'll make a separate thread for that when I get it up and running. So far it looks like it will just fit under the front seat. This radio is different because it doesn't rely on a head unit. It uses BT to connect to a phone or tablet for programming and many other features. Because it's Bluetooth you can connect to the vehicle (hopefully sync doesn't F me here) and use a PTT button that velcros around to the steering wheel. Brilliant! They also offer a wireless mic that is magnetic. (This is what gave me the idea about using the magnet on the trailer controller, that should be here in a day or two).

 

[Shaffer9]

Finally got her tinted. Need to get those Bilsteins and tires on!

 

[Fozzy]

While cleaning the interior I started playing with mounting locations for a vhf. I'll make a separate thread for that when I get it up and running. So far it looks like it will just fit under the front seat. This radio is different because it doesn't rely on a head unit. It uses BT to connect to a phone or tablet for programming and many other features. Because it's Bluetooth you can connect to the vehicle (hopefully sync doesn't F me here) and use a PTT button that velcros around to the steering wheel. Brilliant! They also offer a wireless mic that is magnetic. (This is what gave me the idea about using the magnet on the trailer controller, that should be here in a

What do you use the radio for? Are you a HAM guy or off-road guy? I might buy this radio just out of curiosity.


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[AKentPhoto]

Off road/work guy...
Like I said before, I don't have my amateur license yet and I mostly listen but when I'm at work they use "professional" bands and the entire crew is on walkie it is really handy. Especially when doing car to car filming.

Here is a review...

 

[AKentPhoto]

Spent the day testing our new camera truck... . I got to be the talent.

Who wore it better?