ThePackageDeli
Well-Known Member
How much car can UPSers afford?
A vehicle is a depreciating asset. Having no payment is the best option. The next best option is having as small payment as possible.Pay cash or take on a payment, that’s the question.
So difficult to part with that cash at one time. But yeah, I agree.A vehicle is a depreciating asset. Having no payment is the best option. The next best option is having as small payment as possible.
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.A vehicle is a depreciating asset.
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
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.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.
I always joke that you can tell when someone made top rate because there’s a new car in the parking lot.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.
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?"I always joke that you can tell when someone made top rate because there’s a new car in the parking lot.
What a damn idiot.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!
Seen it many times. And it always seems it’s the ones with money and credit problems.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!
Let some other sorry sap take the $10,000 loss as he drives it off the car lot.No new cars
ExactlyLet some other sorry sap take the $10,000 loss as he drives it off the car lot.
Is that the same guy that's not afford to put 1% of this 401k plan?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!
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 mindsetsIs that the same guy that's not afford to put 1% of this 401k plan?