ThePackageDeli
Well-Known Member
How much car can UPSers afford?
How Much is Your Car Payment?
- Thread starter ThePackageDeli
- Start date
Cementups
Box Monkey
my car was bought 14 years ago. I forget what a car payment is lol.
But seriously, I pay for my wife’s car still and I just try to keep my $500/month payment area. But I could probably afford up to $1k/mo th if I needed.
The most important thing is buying the vehicle you NEED, not the vehicle you WANT. What’s going to serve you and your family the best for the money. Like do you need a fully loaded F250 diesel if you never tow anything and live in an apartment? (Just an example of the stupidity I’ve seen)
But seriously, I pay for my wife’s car still and I just try to keep my $500/month payment area. But I could probably afford up to $1k/mo th if I needed.
The most important thing is buying the vehicle you NEED, not the vehicle you WANT. What’s going to serve you and your family the best for the money. Like do you need a fully loaded F250 diesel if you never tow anything and live in an apartment? (Just an example of the stupidity I’ve seen)
Thebrownblob
Well-Known Member
Six cars and a motorcycle
my payment is zero dollars a month. Haven’t had a car payment since 2006.
my payment is zero dollars a month. Haven’t had a car payment since 2006.
Thebrownblob
Well-Known Member
So difficult to part with that cash at one time. But yeah, I agree.
Cementups
Box Monkey
Not anymore. Have you seen the prices lately of new cars? Almost as much as buying new. And the prices they pay for trade ins anymore is ridiculous.
I was trying to buy a 2015 Kia Forte with 57k on it from a family friend. Blue book was $5500 max. So instead of passing on a deal to family they went to Carvana to get an estimate. Carvana told them they would give them $9k. They asked me what I thought about it. I asked them why they left Carvana when they offered $9k for a $5k car
Thebrownblob
Well-Known Member
And that’s exactly why Carvana is on the brink of insolvency. Car prices are artificially high right now. It’s a game of musical chairs, and someone is going to be left, holding the bag with no place to sit. I personally can’t wait I will make a lot of money buying up these cars that get repoed. I am a small investor in my uncles car business.Not anymore. Have you seen the prices lately of new cars? Almost as much as buying new. And the prices they pay for trade ins anymore is ridiculous.
I was trying to buy a 2015 Kia Forte with 57k on it from a family friend. Blue book was $5500 max. So instead of passing on a deal to family they went to Carvana to get an estimate. Carvana told them they would give them $9k. They asked me what I thought about it. I asked them why they left Carvana when they offered $9k for a $5k car
ThePackageDeli
Well-Known Member
I don't know what it is about new car fever. But, even when you love your paid-for car, sometimes you still have the desire to buy something new knowing full well it's not a smart financial move.
KearsargeCoop
Baseball, dart board
I've seen it time and time again. Joe gets a new shiny car and all the coworkers think they need a new car. I feel it...but you have to fight it.
2010 Mazda CX-9. 189k miles on it. Fits all three kids no trouble. Bluetooth, heated and memory seats. AWD, trailer hitch, so I don't need a pickup, just hook up the trailer. I literally only drive it to and from UPS. Paid cash, hope to have it for many more years. Would I like a new car? Sure, but paid off is nice...
Wife has a Grand Caravan. Not great. No. Gets the job done, is reliable and is paid off. Zero $ in car payments. Sold 3 motorcycles in the last 5 years, and our camper.
We are positioning ourselves to be free if (and when) the bottom drops. We just keep plugging.
Cementups
Box Monkey
I always joke that you can tell when someone made top rate because there’s a new car in the parking lot.
KearsargeCoop
Baseball, dart board
One of our recent top rated drivers just showed up with a new Outback Onyx Edition. I know the dude has money issues...so I chat with him about it...,"What kind of payment they get you for?"
Expecting like 500 a month...he replied "$800". I almost cried. Come on dude!
Thebrownblob
Well-Known Member
What a damn idiot.
sailfish
Master of Karate and Friendship for Everyone
Last car my $19k trade-in covered most of it then I wrote a check for the few thousand remaining. 
car payments. If you're specifically into cars as your main hobby I can understand splurging, it's just the cost of the hobby. Otherwise, you're just pissing your money away and I haven't really been a car guy in fourteen years. Anymore I barely put a thousand miles a year on my personal car so it would be an even bigger waste.
car payments. If you're specifically into cars as your main hobby I can understand splurging, it's just the cost of the hobby. Otherwise, you're just pissing your money away and I haven't really been a car guy in fourteen years. Anymore I barely put a thousand miles a year on my personal car so it would be an even bigger waste.
UnionStrong
Sorry, but I don’t care anymore.
Seen it many times. And it always seems it’s the ones with money and credit problems.
UnionStrong
Sorry, but I don’t care anymore.
No new cars
Thebrownblob
Well-Known Member
Let some other sorry sap take the $10,000 loss as he drives it off the car lot.
UnionStrong
Sorry, but I don’t care anymore.
Exactly
Is that the same guy that's not afford to put 1% of this 401k plan?
KearsargeCoop
Baseball, dart board
I'll have to ask him! It's funny because the driver that loads across from him maxes out his 401k and drives a bare bones 2015 Dodge Ram. Paid cash for it! Completely different mindsets
Similar threads
