“Cradle to grave”isn’t that we’re supposed to do? I know I want someone to baby me and take care of my whole life.
Sponsored
“Cradle to grave”isn’t that we’re supposed to do? I know I want someone to baby me and take care of my whole life.
In this market especially! Three-year-old Rangers with 4x4 here in the Denver area are going for $30k+. For what I'm spending on my Mav I could get a 2015 F150 with 120,000 miles on it.... no thanks.Yup, certainly an option. I've typically purchased used, but there's always a risk about why they are selling. You're much more likely to get a problem vehicle that is sold used 1 year old than new, since anyone with a lemon that doesn't want to deal with lemon law might just sell it instead. Always makes me nervous in Houston after a major flood to shop used, as you know they just fix it up and never report that stuff.
With the Maverick in this weird sellers market, you may also pay MORE for a used model than one you ordered, and who knows how many stranger's farts were infused into that seat cushion before you got it.
EXACTLY!!!In this market especially! Three-year-old Rangers with 4x4 here in the Denver area are going for $30k+. For what I'm spending on my Mav I could get a 2015 F150 with 120,000 miles on it.... no thanks.
So, how are you pay for your Maverick? Me, I haven’t decided whether I’ll pay cash or lease… Oh, I did Dave Ramsey before he was cool…I hate HATE HATE hate hate HATE Dave Ramsey. I encourage those who enjoy him to do some research on his past. I can tell anyone buying stuff is stupid and eat beans and rice for years. Lol great advice
I will do a 36 month zero interest loan if available. I have cash but have it all invested. I thought about a lease but your paying almost half the value over 3 years anyway and only getting low miles.So, how are you pay for your Maverick? Me, I haven’t decided whether I’ll pay cash or lease… Oh, I did Dave Ramsey before he was cool…
Debt is deferred payment. You sacrifice future purchasing power by incurring debt. By Delaying immediate gratification, you will be amazed at what you can afford.I could get a 2015 runner with 82k miles on it for the same price as a hybrid with 0 miles. It's an easy decision debt isn't inherently bad. Don't fear debt. Fear bad debt.
I am 66 year old and wished Dave Ramsey was around when I was 18. He has sound advice. I would be a wealthy man if I had not spent every penny I earned and was steadily in debt. I'd rather pay cash than pay a CC or pay off a loan. Later in life I was able to follow his advice, pay off my dept and pay cash for my pontoon boat to my cars. Just my opinion.This is a little tongue in cheek. A guy called in asking if he was in good enough financial situation to buy a new truck. Dave recommended he not buy the truck, but also said it's not going to destroy him financially to do it, but that it's just not optimal.
Maybe we should all agree to do an Alice's Restaurant, and take turns calling in every day asking if we can buy a Maverick.
Ask Dave: Can I buy a Maverick?
Yes to managing debt responsibly. No to buying a charlatans books, apps and advice. And definitely a hard no to joining a tin foil hat wearing cult and being asked to drink the kool aid. I’m not too stupid to make up my own like Peter Griffin, lol.This is a little tongue in cheek. A guy called in asking if he was in good enough financial situation to buy a new truck. Dave recommended he not buy the truck, but also said it's not going to destroy him financially to do it, but that it's just not optimal.
Maybe we should all agree to do an Alice's Restaurant, and take turns calling in every day asking if we can buy a Maverick.
Ask Dave: Can I buy a Maverick?
Total cost of ownership is a better way to go for sure.His theory on used vehicles was sound advice 20 years ago when you could get a 5 year old vehicle with 50k mi on it for a 1/3 of the new price. Cash for clunkers was the start of the hyper inflation of used vehicles. For example, in 08 I bought an 07 Taurus for $8k. By 2011 it was worth $11k and had 20k more miles on it. Now with 2 years of limited production across all car lines, I don't see used being a viable option when people can spend the same amount on a new vehicle with less bells and whistles but with a warranty and 'newness."
FWIW, I-bonds are paying 7.12% right now - absolutely zero risk. I haven't had a penny of debt since I paid off my home at age 34 (5yrs ago) and the OTD price of our Maverick is a single month of our income, but I have no problem taking a 0% loan from Ford when we have the highest inflation in nearly half a century and guaranteed returns in the federal bond market 14x+ that of a high-yield savings account.No, I am financing part of it, but I'll be putting down 30-40%. If I have a 0%, 3 year loan I would "invest" money in paying off the Maverick in less than 3 years. Guaranteed return with zero risk. I will be tied to the lender as long as I have a note, but I'll also have enough cushion to dispense with the Maverick and get something for cash if needed or pick up a side job to make a few hundred bucks to pay the car note.
Just like I told each of my kids when they got "car fever" after getting their first jobs as teenagers and their eyes were bigger than the cash on hand and they took a car loan instead of a couple of them paying cash for an older vehicle: taking on a car note has the risk that if your economic circumstances change or you wish to go a different direction, that car note may limit what you can do. All three of them had situations where they either couldn't make a change they wanted (such as having to try to figure out how to pay a car note while taking an unpaid internship while in college) or had to work more than they wanted at times because they were obligated to make a car payment. Debt free is called financial freedom for a reason.
Why does Apple have 113 billion in debt? Don't know. What of Lehman Brothers, Worldcom, General Motors, Chrysler, Sears, Remington, ToysRUs? Did they have their loads of debt for any different reasons than Apple?
10 years?My dad used to say buy a brand new car and drive it until the wheels fall off. When I was young I bought lots of used cars and had lots of problems. For the last 30 years, I have bought only new for me and my wife. I buy a new one and drive it 10 years before I sell it and buy another new one. This system has worked great for me.
The Stones had a song for that……isn’t that we’re supposed to do? I know I want someone to baby me and take care of my whole life.