How are you paying for Maverick?

[FriscoTXJoe]

The Fed is still ran by the same people: "Meet the new boss, same as the old boss."

That being said, there are financial lines of thought that, if you're interest rate is better than 5.5%, financing makes more sense than buying in cash or financing with a large down payment because of the average return your cash can get being invested (~8%) vs the finance rate + average depreciative asset rate of a vehicle over several years. That is also dependent upon actually investing that money instead of spending it on something else.

It is A LOT of economic and mathematical magic that I claim minimal expertise on, but it at least sounds like it makes sense to me to some degree.

Well, you got a lot fancier and cooler screen name than me so I'm buying it!

Sponsored

 

[TheQuixotic1]

Well, you got a lot fancier and cooler screen name than me so I'm buying it!

In that case, may I interest you in some of the finest Beanie Baby Snake Oil NFTs I have for sale?

 

[FriscoTXJoe]

In that case, may I interest you in some of the finest Beanie Baby Snake Oil NFTs I have for sale?

I swear on my children's lives I am not lying.

I had a brother and SIL that actually said, "We are buying Beanie Babies to finance our kids educations." I told them they missed out and should have invested in Cabbage Patch kids instead.

Shoot me please.

 

[jewc75]

Bitcoin paid for my Mav.

 

[RRaynor2]

I bought a loaded Lariat with 4k, AWD, Lux, etc.


So......

 

[TheQuixotic1]

Bitcoin paid for my Mav.

I have some Ethereum that I mined with my gaming PC during off hours for about a year that I've been sitting on letting it stake for the last year or so. Not much, but enough to pay for the computer itself and almost the next one to replace it. Fingers crossed for an eventual ETH rocket to the mooooon! lol

 

[stoptothink]

I have some Ethereum that I mined with my gaming PC during off hours for about a year that I've been sitting on letting it stake for the last year or so. Not much, but enough to pay for the computer itself and almost the next one to replace it. Fingers crossed for an eventual ETH rocket to the mooooon! lol

My fintech wife convinced me to gamble a few dollars in BTC and ETH a few years ago. We have enough to buy ~1/3 of a Maverick...return GREATLY lagging the market overall. A good friend of mine bought his home in cash from playing with crypto early, but he's also lost a vey significant percentage of his NW over the last ~2yrs because he was still buying at the top and has held on.

 

[lajlmt]

I had the cash but back when I ordered, the economy was under different management and we had low (read Zero) interest rates so I gave em a third, let the rest sit in my bank and as it turns out, with current management of the economy, Ford is losing over 10% of the value of their money sitting in my bank account!

All that said, if you can't afford half the cost as a down payment and aren't paying it off really quickly, you are doing that foolish debt death spiral that so many folks fall in to.

And why are you buying new if you can't afford it?

Not chastising, just suggesting a better way to manage money.

Someone has been watching Suzy Orman

 

[lajlmt]

One good thing about waiting for this, is I’m allowed to save some $ for purchase. But nearly all of this, I’m withdrawing from 403b retirement account, as now I’m past the 59.5 years old and don’t have an early withdraw penalty..Im sure Dave Ramsey wouldn’t agree, but I don’t want to be paying $400 or whatever for 5/6 years. So how are you paying for it?

Cars and trucks are the worst investment, add a loan and it’s worse.
I’ve done them all, lease, cash, loan. Cash is king. Very lucky to be able to pay cash.

 

[fossil]

cash with or without trade

 

[jewc75]

I have some Ethereum that I mined with my gaming PC during off hours for about a year that I've been sitting on letting it stake for the last year or so. Not much, but enough to pay for the computer itself and almost the next one to replace it. Fingers crossed for an eventual ETH rocket to the mooooon! lol

I've had bitcoin since 2013, back then it was 77 dollars. It stayed around that price for a few years so I kept buying until 2017. Now I just watch it and pull $$$ when I want to buy something.

 

[son of a ..sven]

Bitcoin paid for my Mav.

How does that work? Will your truck vanish by the time you wake up tomorrow?

 

[Ron Neal]

By selling my 2 previous Mavericks and some of that 0/36 money Ford wanted to give me.

 

[Dmat]

I think im around 45 days or so from getting my truck, I should probably start looking for who has the better interest rates. But otherwise, im financing my vehicle, Its 32,880. Between trade in/down payment/dealer fees, I'm hoping to finance around 20k over 3-4 years

 

[jewc75]

How does that work? Will your truck vanish by the time you wake up tomorrow?

There are businesses that accept bitcoin as payment but in this case I sold one coin and took the cash to pay for it. There are also apps that you can use. I use Robinhood and Coinbase. I have bitcoin, dogecoin, and ethereum.

Sponsored