151–160 of 1001 posts
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Houses are debt, but are generally and appreciating asset Cars are a depreciating asset. It usually does not make sense to go into debt to get one
Houses are a depreciating asset. They require constant maintenance expenses just to hold their value. It's the land under the house that's the appreciating asset.
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Houses are debt, but are generally and appreciating asset Cars are a depreciating asset. It usually does not make sense to go into debt to get one
Houses are a depreciating asset. They require constant maintenance expenses just to hold their value. It's the land under the house that's the appreciating asset.
For years, CAFE regulations have meant that manufacturers must meet minimum fleet fuel economy averages or else pay fines. In order to sell more profitable but less fuel-efficient F-150s, Ford also needed to sell little Fiestas or Focuses. In order to sell Suburbans, Chevy also needed to sell Cavaliers or Sonics. But now that Ford can sell Mustang Mach-Es and Chevy can sell Blazer EVs for 50 or 60 grand AND get credit for something like 100 MPG equivalent, there's no longer any incentive for them to spend huge sums developing cheap cars that will net tiny profits (if any).
https://www.slate.auto/ With rebates a 20,000 truck. Who knows what it will cost when it actually comes out. But I love the concept.
Also, not a gigantic truck, and no infotainment (or even powered windows!) It'd be a manual transmission if it wasn't an EV.
An exclamation mark for lacking powered windows? Oh the humanity!
I'm starting to see the problem.
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>having a monthly car payment in perpetuity is considered acceptable. I think that really depends on what part of America. At least where I grew up around a bunch of middle class conservatives listening to eg Dave Ramsey (who has other problems IMO) most people think of you as reckless/irresponsible for doing that sort of thing.
I grew up around a bunch of middle class conservatives in the Southern USA and almost all of them were into debt on house, car, often even taking loans to pay for kids private school. And you'd never know until the family divorced and their lifestyle drastically decreases. Dave Ramsey has to be relatively new because debt was extremely extremely common among conservatives in the US (no idea about liberals didn't live…
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Houses are debt, but are generally and appreciating asset Cars are a depreciating asset. It usually does not make sense to go into debt to get one
Cars are a necessity in pretty much most of the country. Even in areas with good public transit, people who are most likely to go into debt to buy a car are also more likely to live further away from public transit and commute for work. Outside of New York, I can’t think of another city where living without a car is really an option.
I’ve heard Philly and SF as well, but have never been.
Last year we bought a car. While not being a petrol head I was still living in a lala land where you could buy a brand new car for 10k EUR. Nothing fancy, just "a car". Obviously it turned out to be not true. After some digging it turned out that in the last 10 years the price of cars went double. Literally double. Same car, like Fiat Panda, with the same engine and configuration, that ten years was worth one potato…
On the other hand you could have bought a mint condition E30 late model for $10k euro.
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Usually I would consider such a large truck to be wasteful, but because it's electric you aren't really burning up a ton of extra fuel.
This is such an odd statement. Just because it's electric doesn't mean there's no concept of efficiency. Large EVs are pretty silly for exactly that efficiency reason - they may have "400" miles of range, but they do so by packing the biggest possible battery which weighs a ton, wasting even more range per kilowatt-hour beyond the worse aerodynamics. And then because the battery is so massive, it takes way longer to…
And sure you can't use a normal plug very well, whatever. Even without any amp increase, going up to 240 volts will let you charge up that commute and more.
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Even better, a 3 year old used car with low miles. In 2016 I picked up a 2013 320i Sport w/ 22k miles on the clock for $18.5k. The sticker on the car was just over $36k. I did have to fly to a relatively remote town (Ogden Utah) and drive it home to San Diego, so that was an extra $320 for the plane ticket/shuttle/gas and 14 hours out of a saturday. It was almost out of warranty, so pre-purchase I paid a local shop $…
I looked into that when I was buying a car in 2020 and I found the price discount wasnt nearly as big as I thought it was going to be plus the car was out of warranty plus all the parts now had 10k miles of wear on them. A new set of tires is like $1200. I was able to spend a few grand more for a brand new car of the same model.
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Whilst I can spiel off complaints, public transport in Australia gets my kid to and from school everyday, and myself to and from work in two different cities, everyday, without being late. (When the union isn't striking). It does seem to work.
How do you get to train station?
It's a great setup, and/but the very specific infrastructure[0] that I use only services maybe a quarter of the city's mid-suburbia. There's other public transport that services plenty of the rest though.
Doxxing myself here, but anyway: [0]: https://en.wikipedia.org/wiki/O-Bahn_Busway