BigHornRam
Well-known member
I think the car industry is in heap big doo doo in the years to come, and will be interesting seeing how it all shakes out.The pull of the lot hit has shrunk quite a bit recently with the appreciation seen in used vehicles the past few years.
I’ve paid cash for my vehicles for the past 20+ years. Wife needed a replacement vehicle this year. With the appreciation in used vehicle values, what we could get for our normal cash price was junk. I happen to get employee pricing discount from my first job out of college for Big Blue. I started doing the math and my out the door price new was the same as a three year old vehicle with 30-50k miles. We wrote a fat check for a down and have a 2.9% loan. New vehicle is under warranty and we don’t have any of the annoying fixes each year that eat up budget cash.
My thoughts going forward is to keep rotating new vehicles for her about every three years depending on the used vehicle pricing situation. Wife’s happy and we’re avoiding older used vehicle maintenance costs.
Ramsey wouldn’t approve of what I did and he is wrong. The math works.