One Trillion

[Bob_VT]

Originally Posted by Shroomster

Same thing I was taught



call it depreciation all you want it's just a lbel...My Wife and I had three choices:
1. get a new car w/o any major defects/needed work and pay it off over 6 years

2. pour money into a car with a failing engine and transmission (total parts would be well out of immediate liquid financial availability = no way in hell to come up with 3-4k on the spot)

3. find an alternate mode of transportation that is both safe & reliable (no way is she riding the bus or a bike in this neighborhood)


I'm not disagreeing with you I'm just saying for every opinion there is an explanation that falls outside the noted solution.

Okay so you had a need to ne filled. What about the person who is maxed out ...... owes money on the current vehicle and then is talked into leasing or buying for a few bucks a week more ....... under the impression the economy would get better. These are people not buying with their brain but with an impulse and desire.

Hell I know my credit is good and I would love a nice Mercedes but my entire life would be around that payment....... I refuse to be held hostage to desire.

I'm not trying to pick a fight but answer this honestly...... don't you feel that many people will always take the easy way out with a lower payment for a longer period of time? That also means higher insurance premiums for longer and mandatory repairs. The "average" warranty is 3/36 and powertrain averages are 5/60.... sometimes they are gambling without thinking through the entire picture.

Take the person who can afford a yaris at about $14K but for an additional couple of years and a few bucks more they can buy a car for $20K..... not that the need is there but they do it on desire! Why in the hell does a family of 2 or 3 need a $40K truck or SUV when the cheaper car does the same thing.

[Shroomster]

Originally Posted by Bob_VT

Okay so you had a need to ne filled. What about the person who is maxed out ...... owes money on the current vehicle and then is talked into leasing or buying for a few bucks a week more ....... under the impression the economy would get better. These are people not buying with their brain but with an impulse and desire.

Hell I know my credit is good and I would love a nice Mercedes but my entire life would be around that payment....... I refuse to be held hostage to desire.

I'm not trying to pick a fight but answer this honestly...... don't you feel that many people will always take the easy way out with a lower payment for a longer period of time? That also means higher insurance premiums for longer and mandatory repairs. The "average" warranty is 3/36 and powertrain averages are 5/60.... sometimes they are gambling without thinking through the entire picture.

Take the person who can afford a yaris at about $14K but for an additional couple of years and a few bucks more they can buy a car for $20K..... not that the need is there but they do it on desire! Why in the hell does a family of 2 or 3 need a $40K truck or SUV when the cheaper car does the same thing.

No, I understand and see your points, I just don't know how to properly classify desire vs. necessity when talking about a large scale of people