The Car Discussion Thread

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Freed Roger
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Re: The Car Discussion Thread

Post by Freed Roger »

lukethedrifter wrote:
Freed Roger wrote:My friends and fellow parents are mostly middle class. Surprised they are setting the kid-turns-16 car-bar so high. All got cars at 16 (that to me is a thing) and all were used, but nicer than my 04 Nissan Altima.

Used cherokees etc .but we live fairly central and close and getting a ride somewhere isnt hard. so a car for 16 yr old is hardly a necessity.

Drifter- how you handling this? /notjudging
She was driving my manual tranny '10 Focus with rollup windows until I revoked her rights to it.
Good to establish it as a privilege , not a right.

older daughter went to school in west co for a while. Cars are a much bigger part of the deal out there. She was terrible driver at the start. And let others drive the car. (Until we found out and took the car away).

A random 16 year old once just rammed our car parked in front of the house. She was undoubtedly texting, because there was no other way possible unless she had a seizure or something.

I work close to a high end private HS. Whooeee do they have wheels. The big car makes you safer BS now means SUV for junior and missy.

Really - a nice car for a 16 something is the worst use of money.

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cardinalkarp
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Re: The Car Discussion Thread

Post by cardinalkarp »

TimeForGuinness wrote:The Jeep Cherokee Trackhawk is where it's at.
Who doesn't need a 707HP SUV??

Edit: And regarding first cars, mine was a Ford Escort EXP....the Escort that attempted to be cool, but failed miserably. Overall, I think kids these days get nicer cars as a first vehicle; I was about to trade in my 2001 Honda Prelude (in 2004) and instead of that, my parents bought it off me for my 16 yr old sisters first car....and back in the day those Prelude's were pretty nice cars.

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Swirls
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Re: The Car Discussion Thread

Post by Swirls »

cardinalkarp wrote:
TimeForGuinness wrote:The Jeep Cherokee Trackhawk is where it's at.
Who doesn't need a 707HP SUV??

Edit: And regarding first cars, mine was a Ford Escort EXP....the Escort that attempted to be cool, but failed miserably. Overall, I think kids these days get nicer cars as a first vehicle; I was about to trade in my 2001 Honda Prelude (in 2004) and instead of that, my parents bought it off me for my 16 yr old sisters first car....and back in the day those Prelude's were pretty nice cars.
My first car was a 1989 Chevy Cavalier. My second car was a 1989 Chrysler LeBaron. My third car was a 1990 Chevy Corsica. All had 150k+ miles on them when I started driving them, all died within a couple years of driving them, and all cost under $1k. Those three cars got me through high school and college.

I didn't own a vehicle newer than 10 years old with less than 100k miles until after I graduated college.

EDIT: That Jeep Cherokee reminds me of when I purchased a TrailBlazer SS several years ago. At the time it was the most powerful SUV you could purchase under $60k - the only other two that could match its HP/torque were the Porsche Cayenne and the Jeep Cherokee SRT-8 - and the sticker price on the TrailBlazer SS was only like $35k or $40k. But I read an article in I think Car & Driver about why someone would need an SUV that had 400+ HP and 400+ ft-lbs of torque. They talked to someone like the VP of Marketing at GM and he said something along the lines of, "This SUV is made for a niche crowd. It's for the 40-something dad who is starting to go through his mid-life crisis but can't afford a truly high end sports car, so he tells his wife he wants an SUV instead. She sees it is a Chevy TrailBlazer so she doesn't really consider what's under the hood - she thinks it's a solid middle class SUV that can tow a boat or haul their camping gear."

It was a pretty entertaining article. Completely sexist, but entertaining nonetheless.

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IMADreamer
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Re: The Car Discussion Thread

Post by IMADreamer »

AWvsCBsteeeerike3 wrote:
Arthur Dent wrote:
AWvsCBsteeeerike3 wrote:I'm somewhat embarrassed because I started this thread, specifically, to talk about what a good idea it is to not spend money on cars.
You're still correct about that. Cars are super expensive, and the amount of money it takes to go from "gets the job done" to "nice" has a vastly better return on virtually anything else it could be used for.

How did you go from used truck vs new Accord to luxury vehicle for 2x the cost of a new Accord?
Oh gosh, how much time do we have here.

The short answer is:

Well, there is no short answer. It was a [expletive] knock down argument for months. Not like yelling and screaming, just discussing how wrong my wife was until I gave in. Kind of like i do here on GRB all the time. You know, tell everyone why I'm right and then just get tired of repeating the same thing.
Anyway, here goes:

We were thinking about having the second kid around the time my car kaputted and a larger car/truck/suv would have been nice. Mrs. AW had just been sideswiped which made her want a taller/bigger car. And, she had been wanting a new car, in general, anyway. My general attitude towards cars is to spend as little as possible. Basically, what I've always done. This meant, more than likely, not getting something reliable enough to take on road trips (and we generally take about 4-5 6+ hour one-way trips a year to St. Louis, NOLA, Houston, etc). Also, I didn't really want to spend $15k+ on a truck that was only so-so reliable. I'm sure they're tout there, but, I've never been in that market before so I wasn't really amped to start doing a lot of homework. Like I said, my attitude is/was spend $4k or so to get a car that will last 50k miles and can be junked for $500 to $1k. The cost per mile is minimal to own. So, there was a crack in my armor from the get go.

Further, it didn't make sense for me to buy a beater of a truck like my old silverado that was stolen when it was more than likely she'd get a new car within a few years as well. I suggested a minivan to accomodate more children, but she didn't wan tthat. Or a hyundai santafe. Or ANY USED CAR IN THE WORLD (preferably still under warranty). However, further complicating that is the offers of financing on new cars. If she was going to get a nearly new car, it almost made sense to buy a new one with 0% financing for 60 months as opposed to a used one with 6-7% financing. Didn't matter because she wouldn't budge. She wanted a new car.

The crux of her thinking was I put money into an investment account and had just taken out a loan to buy stock in my company. The loan was for about the same amount as a nicer new car as luck would have it. If I can borrow let's say $40k against our name, she should be able to buy a car worth at least that much....especially since it's something not just stocks.

My argument: [insert asset vs liability argument here I'm sure you all have heard it so I won't go over it again.]

My goal has always been to retire by about 2035 or 2040. Be retired by the time I'm 60. I talked to Mrs. AW ad nauseum about stuff like this before getting married. We were on the same page. Towards the beginning of all this when I could see we were on separate pages, I asked her how many years she would be willing to work for the sole purpose of paying off a new car right now. In other words, if she was going to retire at 60, what age would she be okay working until if she got a new car....Her answer was what led to the disagreement. She said 20 extra years. TWENTY. TWENTY [expletive] YEARS. Totally different than anything we had ever discussed before in all the financial planning we'd ever done.

I asked if she was serious and she said yes. I just said I had to stop talking about it but we'd get back into it later. And asked her to reconsider if she would seriously be okay working from the time she was 60 til the time she was 80 in order to get a new car. And, possibly, hopefully come to a more sensible answer.

Eventually she came back and said 20 years was too long but she would rather get a new car now and work past the age of 60 or whatever to afford it. I told her she was insane and that's not how we had agreed to manage money.

Blah blah blah. At this point, she just wanted a new car and I didn't have the energy to continue to tell her how dumb she was being and I had lost my patience and ability to maintain a level course of thought. It's like my avatar. She was looking at the round peg and calling it a square. So, I just gave in. There's more to it. But, that's the gist of it.

Also, to completely screw the entire situation even more, her and I are very different when it comes to money. I'll plan and plan and plan for months, just so i can go out and order a bone in wagyu ribeye for $100 whereas she'll just go out to eat every day and spend $3. Not that we eat out, but I think that illustrates my point. I plan and calculate and she just tries to, mostly, avoid spending money.

SO, when I had given in, I at least pointed her in the directions that I thought had the best cars which of course is more than just the standard model. Terrible financial decision*. But, she can work until she's 70 I guess.

Oh, and further complicating the issue. She had just started working and loved her job. Now that she's been there for a while, I think her answer to 'how many extra years would you work' would be a lot different. I told her it would be. But, she was seeing the square shadow.

tl;dr: I can't win an argument and then splurged.

*ETA: Making the whole thing even worse is we have a lot of wiggle room in the monthly cash flow budget. We obviously have expenses like a mortgage, utilities, etc. But we also have things taht have to be paid off. Namely, her student loans. We were on pace to pay them off in a couple years until I took out the loan to buy stock. Which set us back a couple years. Still a good financial decision, but nevertheless. There was still room to get closer to albeit above the minimum payments and be comfortable. Yeah, just a bad, bad, bad financial decision. At one point I calc'd how much extra we'd pay in interest on her loans but have since forgotten what it was. Suffice it to say, it was approaching $10k. Luckily we got a good jump on them. GDI, it's pissing me off just writing all this down.
This is going to sound odd coming from me being the resident car guy here but your wife and I would not get along. I hate debt though. I've been kicking the idea of an expensive car and if fact would have probably bought a Shelby GT350 were it not for a shady dealer. I think I would only do it with a good loan rate though, say 0%.

I'll probably end up with a something fun to drive that's used though.

For the record my first car was a 92 Olds Cutlass Supreme. It was awesome for a 16 year old. i paid like 3500 for it.

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cardinalkarp
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Re: The Car Discussion Thread

Post by cardinalkarp »

IMADreamer wrote:
AWvsCBsteeeerike3 wrote:
Arthur Dent wrote:
AWvsCBsteeeerike3 wrote:I'm somewhat embarrassed because I started this thread, specifically, to talk about what a good idea it is to not spend money on cars.
You're still correct about that. Cars are super expensive, and the amount of money it takes to go from "gets the job done" to "nice" has a vastly better return on virtually anything else it could be used for.

How did you go from used truck vs new Accord to luxury vehicle for 2x the cost of a new Accord?
Oh gosh, how much time do we have here.

The short answer is:

Well, there is no short answer. It was a [expletive] knock down argument for months. Not like yelling and screaming, just discussing how wrong my wife was until I gave in. Kind of like i do here on GRB all the time. You know, tell everyone why I'm right and then just get tired of repeating the same thing.
Anyway, here goes:

We were thinking about having the second kid around the time my car kaputted and a larger car/truck/suv would have been nice. Mrs. AW had just been sideswiped which made her want a taller/bigger car. And, she had been wanting a new car, in general, anyway. My general attitude towards cars is to spend as little as possible. Basically, what I've always done. This meant, more than likely, not getting something reliable enough to take on road trips (and we generally take about 4-5 6+ hour one-way trips a year to St. Louis, NOLA, Houston, etc). Also, I didn't really want to spend $15k+ on a truck that was only so-so reliable. I'm sure they're tout there, but, I've never been in that market before so I wasn't really amped to start doing a lot of homework. Like I said, my attitude is/was spend $4k or so to get a car that will last 50k miles and can be junked for $500 to $1k. The cost per mile is minimal to own. So, there was a crack in my armor from the get go.

Further, it didn't make sense for me to buy a beater of a truck like my old silverado that was stolen when it was more than likely she'd get a new car within a few years as well. I suggested a minivan to accomodate more children, but she didn't wan tthat. Or a hyundai santafe. Or ANY USED CAR IN THE WORLD (preferably still under warranty). However, further complicating that is the offers of financing on new cars. If she was going to get a nearly new car, it almost made sense to buy a new one with 0% financing for 60 months as opposed to a used one with 6-7% financing. Didn't matter because she wouldn't budge. She wanted a new car.

The crux of her thinking was I put money into an investment account and had just taken out a loan to buy stock in my company. The loan was for about the same amount as a nicer new car as luck would have it. If I can borrow let's say $40k against our name, she should be able to buy a car worth at least that much....especially since it's something not just stocks.

My argument: [insert asset vs liability argument here I'm sure you all have heard it so I won't go over it again.]

My goal has always been to retire by about 2035 or 2040. Be retired by the time I'm 60. I talked to Mrs. AW ad nauseum about stuff like this before getting married. We were on the same page. Towards the beginning of all this when I could see we were on separate pages, I asked her how many years she would be willing to work for the sole purpose of paying off a new car right now. In other words, if she was going to retire at 60, what age would she be okay working until if she got a new car....Her answer was what led to the disagreement. She said 20 extra years. TWENTY. TWENTY [expletive] YEARS. Totally different than anything we had ever discussed before in all the financial planning we'd ever done.

I asked if she was serious and she said yes. I just said I had to stop talking about it but we'd get back into it later. And asked her to reconsider if she would seriously be okay working from the time she was 60 til the time she was 80 in order to get a new car. And, possibly, hopefully come to a more sensible answer.

Eventually she came back and said 20 years was too long but she would rather get a new car now and work past the age of 60 or whatever to afford it. I told her she was insane and that's not how we had agreed to manage money.

Blah blah blah. At this point, she just wanted a new car and I didn't have the energy to continue to tell her how dumb she was being and I had lost my patience and ability to maintain a level course of thought. It's like my avatar. She was looking at the round peg and calling it a square. So, I just gave in. There's more to it. But, that's the gist of it.

Also, to completely screw the entire situation even more, her and I are very different when it comes to money. I'll plan and plan and plan for months, just so i can go out and order a bone in wagyu ribeye for $100 whereas she'll just go out to eat every day and spend $3. Not that we eat out, but I think that illustrates my point. I plan and calculate and she just tries to, mostly, avoid spending money.

SO, when I had given in, I at least pointed her in the directions that I thought had the best cars which of course is more than just the standard model. Terrible financial decision*. But, she can work until she's 70 I guess.

Oh, and further complicating the issue. She had just started working and loved her job. Now that she's been there for a while, I think her answer to 'how many extra years would you work' would be a lot different. I told her it would be. But, she was seeing the square shadow.

tl;dr: I can't win an argument and then splurged.

*ETA: Making the whole thing even worse is we have a lot of wiggle room in the monthly cash flow budget. We obviously have expenses like a mortgage, utilities, etc. But we also have things taht have to be paid off. Namely, her student loans. We were on pace to pay them off in a couple years until I took out the loan to buy stock. Which set us back a couple years. Still a good financial decision, but nevertheless. There was still room to get closer to albeit above the minimum payments and be comfortable. Yeah, just a bad, bad, bad financial decision. At one point I calc'd how much extra we'd pay in interest on her loans but have since forgotten what it was. Suffice it to say, it was approaching $10k. Luckily we got a good jump on them. GDI, it's pissing me off just writing all this down.
This is going to sound odd coming from me being the resident car guy here but your wife and I would not get along. I hate debt though. I've been kicking the idea of an expensive car and if fact would have probably bought a Shelby GT350 were it not for a shady dealer. I think I would only do it with a good loan rate though, say 0%.

I'll probably end up with a something fun to drive that's used though.

For the record my first car was a 92 Olds Cutlass Supreme. It was awesome for a 16 year old. i paid like 3500 for it.
Do they really give out special loan rates on GT350's though?

If you get one and you're in STL I'd like a ride in it.....thanks in advance. :wink:

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IMADreamer
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Re: The Car Discussion Thread

Post by IMADreamer »

cardinalkarp wrote:
IMADreamer wrote:
AWvsCBsteeeerike3 wrote:
Arthur Dent wrote:
AWvsCBsteeeerike3 wrote:I'm somewhat embarrassed because I started this thread, specifically, to talk about what a good idea it is to not spend money on cars.
You're still correct about that. Cars are super expensive, and the amount of money it takes to go from "gets the job done" to "nice" has a vastly better return on virtually anything else it could be used for.

How did you go from used truck vs new Accord to luxury vehicle for 2x the cost of a new Accord?
Oh gosh, how much time do we have here.

The short answer is:

Well, there is no short answer. It was a [expletive] knock down argument for months. Not like yelling and screaming, just discussing how wrong my wife was until I gave in. Kind of like i do here on GRB all the time. You know, tell everyone why I'm right and then just get tired of repeating the same thing.
Anyway, here goes:

We were thinking about having the second kid around the time my car kaputted and a larger car/truck/suv would have been nice. Mrs. AW had just been sideswiped which made her want a taller/bigger car. And, she had been wanting a new car, in general, anyway. My general attitude towards cars is to spend as little as possible. Basically, what I've always done. This meant, more than likely, not getting something reliable enough to take on road trips (and we generally take about 4-5 6+ hour one-way trips a year to St. Louis, NOLA, Houston, etc). Also, I didn't really want to spend $15k+ on a truck that was only so-so reliable. I'm sure they're tout there, but, I've never been in that market before so I wasn't really amped to start doing a lot of homework. Like I said, my attitude is/was spend $4k or so to get a car that will last 50k miles and can be junked for $500 to $1k. The cost per mile is minimal to own. So, there was a crack in my armor from the get go.

Further, it didn't make sense for me to buy a beater of a truck like my old silverado that was stolen when it was more than likely she'd get a new car within a few years as well. I suggested a minivan to accomodate more children, but she didn't wan tthat. Or a hyundai santafe. Or ANY USED CAR IN THE WORLD (preferably still under warranty). However, further complicating that is the offers of financing on new cars. If she was going to get a nearly new car, it almost made sense to buy a new one with 0% financing for 60 months as opposed to a used one with 6-7% financing. Didn't matter because she wouldn't budge. She wanted a new car.

The crux of her thinking was I put money into an investment account and had just taken out a loan to buy stock in my company. The loan was for about the same amount as a nicer new car as luck would have it. If I can borrow let's say $40k against our name, she should be able to buy a car worth at least that much....especially since it's something not just stocks.

My argument: [insert asset vs liability argument here I'm sure you all have heard it so I won't go over it again.]

My goal has always been to retire by about 2035 or 2040. Be retired by the time I'm 60. I talked to Mrs. AW ad nauseum about stuff like this before getting married. We were on the same page. Towards the beginning of all this when I could see we were on separate pages, I asked her how many years she would be willing to work for the sole purpose of paying off a new car right now. In other words, if she was going to retire at 60, what age would she be okay working until if she got a new car....Her answer was what led to the disagreement. She said 20 extra years. TWENTY. TWENTY [expletive] YEARS. Totally different than anything we had ever discussed before in all the financial planning we'd ever done.

I asked if she was serious and she said yes. I just said I had to stop talking about it but we'd get back into it later. And asked her to reconsider if she would seriously be okay working from the time she was 60 til the time she was 80 in order to get a new car. And, possibly, hopefully come to a more sensible answer.

Eventually she came back and said 20 years was too long but she would rather get a new car now and work past the age of 60 or whatever to afford it. I told her she was insane and that's not how we had agreed to manage money.

Blah blah blah. At this point, she just wanted a new car and I didn't have the energy to continue to tell her how dumb she was being and I had lost my patience and ability to maintain a level course of thought. It's like my avatar. She was looking at the round peg and calling it a square. So, I just gave in. There's more to it. But, that's the gist of it.

Also, to completely screw the entire situation even more, her and I are very different when it comes to money. I'll plan and plan and plan for months, just so i can go out and order a bone in wagyu ribeye for $100 whereas she'll just go out to eat every day and spend $3. Not that we eat out, but I think that illustrates my point. I plan and calculate and she just tries to, mostly, avoid spending money.

SO, when I had given in, I at least pointed her in the directions that I thought had the best cars which of course is more than just the standard model. Terrible financial decision*. But, she can work until she's 70 I guess.

Oh, and further complicating the issue. She had just started working and loved her job. Now that she's been there for a while, I think her answer to 'how many extra years would you work' would be a lot different. I told her it would be. But, she was seeing the square shadow.

tl;dr: I can't win an argument and then splurged.

*ETA: Making the whole thing even worse is we have a lot of wiggle room in the monthly cash flow budget. We obviously have expenses like a mortgage, utilities, etc. But we also have things taht have to be paid off. Namely, her student loans. We were on pace to pay them off in a couple years until I took out the loan to buy stock. Which set us back a couple years. Still a good financial decision, but nevertheless. There was still room to get closer to albeit above the minimum payments and be comfortable. Yeah, just a bad, bad, bad financial decision. At one point I calc'd how much extra we'd pay in interest on her loans but have since forgotten what it was. Suffice it to say, it was approaching $10k. Luckily we got a good jump on them. GDI, it's pissing me off just writing all this down.
This is going to sound odd coming from me being the resident car guy here but your wife and I would not get along. I hate debt though. I've been kicking the idea of an expensive car and if fact would have probably bought a Shelby GT350 were it not for a shady dealer. I think I would only do it with a good loan rate though, say 0%.

I'll probably end up with a something fun to drive that's used though.

For the record my first car was a 92 Olds Cutlass Supreme. It was awesome for a 16 year old. i paid like 3500 for it.
Do they really give out special loan rates on GT350's though?

If you get one and you're in STL I'd like a ride in it.....thanks in advance. :wink:

If I get one you can drive it. I think they said I could get 1.9% on the GT350. I'm not sure what I will end up with. I like that car. lol

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cardinalkarp
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Re: The Car Discussion Thread

Post by cardinalkarp »

IMADreamer wrote:
cardinalkarp wrote:
IMADreamer wrote:
AWvsCBsteeeerike3 wrote:
Arthur Dent wrote:
AWvsCBsteeeerike3 wrote:I'm somewhat embarrassed because I started this thread, specifically, to talk about what a good idea it is to not spend money on cars.
You're still correct about that. Cars are super expensive, and the amount of money it takes to go from "gets the job done" to "nice" has a vastly better return on virtually anything else it could be used for.

How did you go from used truck vs new Accord to luxury vehicle for 2x the cost of a new Accord?
Oh gosh, how much time do we have here.

The short answer is:

Well, there is no short answer. It was a [expletive] knock down argument for months. Not like yelling and screaming, just discussing how wrong my wife was until I gave in. Kind of like i do here on GRB all the time. You know, tell everyone why I'm right and then just get tired of repeating the same thing.
Anyway, here goes:

We were thinking about having the second kid around the time my car kaputted and a larger car/truck/suv would have been nice. Mrs. AW had just been sideswiped which made her want a taller/bigger car. And, she had been wanting a new car, in general, anyway. My general attitude towards cars is to spend as little as possible. Basically, what I've always done. This meant, more than likely, not getting something reliable enough to take on road trips (and we generally take about 4-5 6+ hour one-way trips a year to St. Louis, NOLA, Houston, etc). Also, I didn't really want to spend $15k+ on a truck that was only so-so reliable. I'm sure they're tout there, but, I've never been in that market before so I wasn't really amped to start doing a lot of homework. Like I said, my attitude is/was spend $4k or so to get a car that will last 50k miles and can be junked for $500 to $1k. The cost per mile is minimal to own. So, there was a crack in my armor from the get go.

Further, it didn't make sense for me to buy a beater of a truck like my old silverado that was stolen when it was more than likely she'd get a new car within a few years as well. I suggested a minivan to accomodate more children, but she didn't wan tthat. Or a hyundai santafe. Or ANY USED CAR IN THE WORLD (preferably still under warranty). However, further complicating that is the offers of financing on new cars. If she was going to get a nearly new car, it almost made sense to buy a new one with 0% financing for 60 months as opposed to a used one with 6-7% financing. Didn't matter because she wouldn't budge. She wanted a new car.

The crux of her thinking was I put money into an investment account and had just taken out a loan to buy stock in my company. The loan was for about the same amount as a nicer new car as luck would have it. If I can borrow let's say $40k against our name, she should be able to buy a car worth at least that much....especially since it's something not just stocks.

My argument: [insert asset vs liability argument here I'm sure you all have heard it so I won't go over it again.]

My goal has always been to retire by about 2035 or 2040. Be retired by the time I'm 60. I talked to Mrs. AW ad nauseum about stuff like this before getting married. We were on the same page. Towards the beginning of all this when I could see we were on separate pages, I asked her how many years she would be willing to work for the sole purpose of paying off a new car right now. In other words, if she was going to retire at 60, what age would she be okay working until if she got a new car....Her answer was what led to the disagreement. She said 20 extra years. TWENTY. TWENTY [expletive] YEARS. Totally different than anything we had ever discussed before in all the financial planning we'd ever done.

I asked if she was serious and she said yes. I just said I had to stop talking about it but we'd get back into it later. And asked her to reconsider if she would seriously be okay working from the time she was 60 til the time she was 80 in order to get a new car. And, possibly, hopefully come to a more sensible answer.

Eventually she came back and said 20 years was too long but she would rather get a new car now and work past the age of 60 or whatever to afford it. I told her she was insane and that's not how we had agreed to manage money.

Blah blah blah. At this point, she just wanted a new car and I didn't have the energy to continue to tell her how dumb she was being and I had lost my patience and ability to maintain a level course of thought. It's like my avatar. She was looking at the round peg and calling it a square. So, I just gave in. There's more to it. But, that's the gist of it.

Also, to completely screw the entire situation even more, her and I are very different when it comes to money. I'll plan and plan and plan for months, just so i can go out and order a bone in wagyu ribeye for $100 whereas she'll just go out to eat every day and spend $3. Not that we eat out, but I think that illustrates my point. I plan and calculate and she just tries to, mostly, avoid spending money.

SO, when I had given in, I at least pointed her in the directions that I thought had the best cars which of course is more than just the standard model. Terrible financial decision*. But, she can work until she's 70 I guess.

Oh, and further complicating the issue. She had just started working and loved her job. Now that she's been there for a while, I think her answer to 'how many extra years would you work' would be a lot different. I told her it would be. But, she was seeing the square shadow.

tl;dr: I can't win an argument and then splurged.

*ETA: Making the whole thing even worse is we have a lot of wiggle room in the monthly cash flow budget. We obviously have expenses like a mortgage, utilities, etc. But we also have things taht have to be paid off. Namely, her student loans. We were on pace to pay them off in a couple years until I took out the loan to buy stock. Which set us back a couple years. Still a good financial decision, but nevertheless. There was still room to get closer to albeit above the minimum payments and be comfortable. Yeah, just a bad, bad, bad financial decision. At one point I calc'd how much extra we'd pay in interest on her loans but have since forgotten what it was. Suffice it to say, it was approaching $10k. Luckily we got a good jump on them. GDI, it's pissing me off just writing all this down.
This is going to sound odd coming from me being the resident car guy here but your wife and I would not get along. I hate debt though. I've been kicking the idea of an expensive car and if fact would have probably bought a Shelby GT350 were it not for a shady dealer. I think I would only do it with a good loan rate though, say 0%.

I'll probably end up with a something fun to drive that's used though.

For the record my first car was a 92 Olds Cutlass Supreme. It was awesome for a 16 year old. i paid like 3500 for it.
Do they really give out special loan rates on GT350's though?

If you get one and you're in STL I'd like a ride in it.....thanks in advance. :wink:

If I get one you can drive it. I think they said I could get 1.9% on the GT350. I'm not sure what I will end up with. I like that car. lol
I'll hold ya to that! Hell, I'd drive out to you!.....Not that I have a car that has any business being on a track, but I wish this area had a nice race track just to run your cars. I'd tear it up in my Mazda 6...lol

Michael
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Re: The Car Discussion Thread

Post by Michael »

I don't think I could be AWvsCBsteeeerike3's financial adviser. Taking out a loan to buy stock in a company you work for?

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I think wifey may have had a point.

AWvsCBsteeeerike3
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Re: The Car Discussion Thread

Post by AWvsCBsteeeerike3 »

Nah. 10-15% dividends annually for the past 50+ years. It's a good investment.

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Radbird
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Re: The Car Discussion Thread

Post by Radbird »

What's the best way to sell a car? Autotrader, Craigslist, eBay?

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