re: Any baws with a $600+/month car note

Posted by castorinho

13623 posts

Member since Nov 2010

82066 posts

Posted on 6/24/18 at 4:32 pm to TigerstuckinMS

quote:
At the end of the 4 years, your investment making 5% will have generated $10k (50000 * 0.05 * 4).

Bruh. This isn't how interest works.
50000*(1+0.05)^4 is what you were looking for.
Doesn't change your overall point, but I had to point that out

Posted by jimbeam

University of LSU

Member since Oct 2011

75703 posts

Posted on 6/24/18 at 4:33 pm to TigerstuckinMS

quote:
. At the end of the 4 years, your investment making 5% will have generated $10k (50000 * 0.05 * 4). You also will have paid off the $50k loan plus $6k in interest (50000 * 0.03 * 4).

Oh my...

Posted by TigerstuckinMS

Member since Nov 2005

33687 posts

Posted on 6/24/18 at 4:33 pm to castorinho

quote:

Bruh. This isn't how interest works.
50000*(1+0.05)^4 is what you were looking for.
Doesn't change your overall point, but I had to point that out

quote:
Oh my...

Yeah. I edited to make that point and try to clarify that I was using an extremely simplified interest model to try to keep the math simpler and all of the numbers nice and round.

This post was edited on 6/24/18 at 4:46 pm

Posted by GetCocky11

Calgary, AB

Member since Oct 2012

51417 posts

Posted on 6/24/18 at 4:39 pm to lsu xman

quote:
Ex: F150 $50K

F150s cost $50,000?

Wtf?

Posted by RummelTiger

Texas

Member since Aug 2004

90001 posts

Posted on 6/24/18 at 4:45 pm to lsu xman

84 months? Holy shite!

Posted by Janky

Team Primo

Member since Jun 2011

35957 posts

Posted on 6/24/18 at 4:57 pm to GetCocky11

quote:
F150s cost $50,000?

Wtf?

And more.

Posted by Lsuhack1

Member since Feb 2018

866 posts

Posted on 6/24/18 at 5:02 pm to lsu xman

Yeah man, but if you make real money spending >5% of your monthly take home on a car isn’t that big of a deal.

This post was edited on 6/24/18 at 5:10 pm

Posted by SabiDojo

Open to any suggestions.

Member since Nov 2010

83965 posts

Posted on 6/24/18 at 5:05 pm to Janky

I saw a brand new F-250 4 door long bed 4x4 in the parking lot at Kroger. I don't even want to know the fricking sticker on that thing. It was monstrous.

2 ...

Posted by Kraut Dawg

Member since Sep 2012

4514 posts

Posted on 6/24/18 at 5:09 pm to RummelTiger

(no message)

This post was edited on 11/8/20 at 8:43 am

Posted by CP3LSU25

Louisiana

Member since Feb 2009

51150 posts

Posted on 6/24/18 at 5:13 pm to beerJeep

quote:
I paid $100 for my Jeep

So you bought the front seat

Posted by MrSmith65

Member since Apr 2018

959 posts

Posted on 6/24/18 at 5:13 pm to lsu xman

I pay $850 a month for a 2017 Denali diesel crew cab 4x4......

$75k truck.....my trade and discounts knocked about $32k off the price.

I'm happy, my credit union is happy with their 1.5%, we all happy....

This post was edited on 6/24/18 at 5:15 pm

Posted by TechDawg2007

Bawville

Member since Nov 2007

32249 posts

Posted on 6/24/18 at 5:18 pm to MrSmith65

quote:
$850 a month

Damn baw

Posted by MrSmith65

Member since Apr 2018

959 posts

Posted on 6/24/18 at 5:21 pm to TechDawg2007

Well, in fairness, I get $850 a month vehicle allowance plus a Fuelman card.....

Posted by yellowfin

Coastal Bar

Member since May 2006

97743 posts

Posted on 6/24/18 at 5:22 pm to SabiDojo

Was it a lariat? King Ranch? Platinum?

Probably 75-85k range

Posted by celltech1981

Member since Jul 2014

8139 posts

Posted on 6/24/18 at 5:40 pm to lsu xman

part of being an operator is buying a f250 0 down with an 84 month note. There are plenty of them here

Posted by beerJeep

Louisiana

Member since Nov 2016

35156 posts

Posted on 6/24/18 at 5:51 pm to CP3LSU25

If you call a 05 wrangler with 35k miles just the front seat, sure.

Posted by FlyinTiger93

Member since May 2010

3603 posts

Posted on 6/24/18 at 5:52 pm to lsu xman

If I am going to pay for 84 months, it will not be for an F150. I would consider it for a Tundra, though. You have to look at which will still have useful life, after the note is paid off.