- Banned
- #76
I did the same thing but just recently got the warranty as well. Which btw there was zero incentive to put on a monthly payment plan since they don't report to credit bureaus (Granger & BudCo). My budget before the Maverick was for two vehicles, and had prices not skyrocketed I likely would have gone with a $50k vehicle and payed on it for a couple years. But not with the current interest rates or what you are getting for $50k. Pre-COVID that $50k would have gotten you a full size truck with every single option they offer on the nicest one. Now it gets you a base model with nothing. It's insane. And it won't hold up either. 5-10 years from now the people buying those $50k base model trucks are going to regret it when they go to sell them.I chose the Maverick because I could just afford to buy it outright after taxes and warranty etc. I could have bought some else but it would not fit my lifestyle as nicely as the Mav does.
In my neck of the woods there are lots of luxury vehicles but most of this area is made up of generational homes with many family members paying for the home so the younger ones have money to burn.
I couldn't imagine being some of these younger ones in our economy... and I am not "old" by any sense of the word either. I'm not even 40 yet (39). Mortgages have more than doubled and if you add educational debt on top of it... no wonder they are all so angry and lashing out constantly. Instead of buying into higher education with the promise of better consideration for jobs, they are buying into hedge funds with no return on investment.
People do NEED vehicles in the majority of this country since our public transportation is a joke and always has been. I'm seeing more young people living at home with the folks and buying new vehicles because that's all they can afford to do. Might as well have something new and under warranty if you can't afford to do anything else.
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