Are ramps necessary for DIY hybrid oil change?

[Frick]

I have a lift, enough said.

Besides, why spend it, if you can save it?

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[Frick]

I guess it's why people like me buy outright instead of financing, the money you save adds up.

 

[colinl]

I guess it's why people like me buy outright instead of financing, the money you save adds up.

nice assumption, but it doesn't necessarily. I'm paying 3.9% on my Maverick and leaving the cash invested where... lets see... overall YTD is 11.07% net contributions. I use points and rewards credit cards.

I place a value on my time higher than the savings of doing my own oil change. I'm not afraid of the garage, I just do things like this instead.

 

[Frick]

nice assumption, but it doesn't necessarily. I'm paying 3.9% on my Maverick and leaving the cash invested where... lets see... overall YTD is 11.07% net contributions. I use points and rewards credit cards.

I place a value on my time higher than the savings of doing my own oil change. I'm not afraid of the garage, I just do things like this instead.

So, paying nothing in interest for a vehicle is worse than a loan?

Still money you are paying interest on no matter what.

I'll keep doing oil changes and work on cutting out the oil filter hole to make OC number 2 easier.

No investments need be touched, nor concern about payments.

Ownership of 100 percent of something is priceless, because no matter what, it's yours.

Until that lien comes off, it's still a rental.

 

[Frick]

Oh, also, there's a feeling of self sufficiency you get lowering a just serviced vehicle off a rack.

Same as brewing beer, making wine and shine, digging your own potatoes, or hunting a deer, cleaning, butchering, and eating it.

You may not have too, but you CAN, if you need to.

 

[OT18]

 

[Montana]

Yea not enough space to crawl underneath.

That said, you can get to the tranny drain plug without the ramps and it's advisable since it would keep the truck level without having to jack the entire truck up. Simply turn the wheels to the left and there ya go. You will need an extension though...

I wouldn't even use that on a bicycle. ProjectFarm just did a good video on Jack Stands and it's pretty surprising how many cheap flimsy stands are sold now days.

 

[colinl]

So, paying nothing in interest for a vehicle is worse than a loan?

I can't believe I have to explain this but, yes, obviously paying 3.9% on my car loan and making 11% on investments is better than having paid off my truck and having 37k removed from the 11% return. In future years when the market presumably does even better, but the truck loan stays at 3.9% it becomes that much more advantage.

 

[paneubert]

I can't believe I have to explain this but, yes, obviously paying 3.9% on my car loan and making 11% on investments is better than having paid off my truck and having 37k removed from the 11% return. In future years when the market presumably does even better, but the truck loan stays at 3.9% it becomes that much more advantage.

But.....but....but.....I have a depreciating asset that I own outright!

 

[GPSMan]

That's interesting. More than necessary but interesting. I had never seen one like that. Thanks for sharing.

 

[GPSMan]

With the electric torque of the hybrid, with electronic parking brake auto release and/or automatic hill rollback control you need to be extra careful with ramps.

I had my ramps slide out from under the truck (on smooth concrete) while my truck remained stationary.

Ya know. Equal and opposite reaction to every action and all that.

 

[GPSMan]

I can't believe I have to explain this but, yes, obviously paying 3.9% on my car loan and making 11% on investments is better than having paid off my truck and having 37k removed from the 11% return. In future years when the market presumably does even better, but the truck loan stays at 3.9% it becomes that much more advantage.

Hey bud:

Not obvious unless you do this for a living so chill a little. Your case is pretty unique having such diverse interest rates. I think you'll be slightly ahead doing it your way.

If the car rate were one or two points higher, or, your investment return was one or two points lower, it would be break even.

Usually, and for most people, paying off the car loan soonest (or not having one by paying cash) is the best way to go.

You see, by not having a car payment, YOU start earning interest by paying yourself back that $500/mo (or whatever) instead of Ford or your bank. You're obviously not removing $37,000 from your 11% for the whole term.
Obviously. Except on day one.

I'm agreeing with you under your unique, atypical circumstances.

I did something similar.
I paid cash for a home kitchen remodel and financed my Maverick at 3.9%.
Why? Because I couldn't get 3.9% on a new kitchen and I wanted both in the same year and only had cash for one.

Every case is unique.
Everyone needs to do what works best for them.

P.S. Are you in Kansas? Wichita maybe?

 

[AutobahnSHO]

I can't believe I have to explain this but, yes, obviously paying 3.9% on my car loan and making 11% on investments is better than having paid off my truck and having 37k removed from the 11% return. In future years when the market presumably does even better, but the truck loan stays at 3.9% it becomes that much more advantage.

Investment requires RISK, sounds like you're managing risk well but it doesn't always work out for everyone. If the market goes way down, you'd be losing money.

Debt is another risk. That's 3.9% that won't change if the economy crashes, someone loses/switches jobs, whatever.

Having the truck paid off removes a piece of risk- yes it does reduce leverage to invest.

 

[wax87]

Title says it all?

it kind of depends on your body type. I did mine last night, but I am not a big guy and I had it up on a couple of 2X8's and it was fine. How many of y'all are missing this cover in the middle of the undercarriage shield? On an other note, I added some silver duct tape to the holes where the fasteners go through just to give it some additional strength.

 

[sprubs]

nice assumption, but it doesn't necessarily. I'm paying 3.9% on my Maverick and leaving the cash invested where... lets see... overall YTD is 11.07% net contributions. I use points and rewards credit cards.

I place a value on my time higher than the savings of doing my own oil change. I'm not afraid of the garage, I just do things like this instead.

While I totally get the loan thing I'm not sure sure on the time aspect for everyone. If I factor in driving to the dealer and back, waiting around and/or getting someone to give me a ride we've already pretty much covered the "active time" part of doing an oil change for me.

Funny someone mentioned brewing because I've changed the oil in my car while brewing beer and neither activity was impacted time wise

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