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Price Check in the Gas and Diesel Aisle...
- Thread starter BullGear
- Start date
There are both pros and cons to financing things.
If for example your interest rate is way lower than the rate of inflation, then it becomes interesting to use your capital for other things with a higher return rather than use it all on the vehicle. This is especially true if there is no better deal to be had for paying it all outright.
The last car I financed, I think the total interest paid was $600 or something over the life of the loan, I think the current car I have financed will be $900 or less, total interest by the time the loan is paid off.
Well, from the get go.... The average American is too dumb to figure out what you just explained. It's down hill from there.
I've ranted about this before, so I'll keep it short - our desire to borrow money and spend it on various consumer luxuries represents several trillion dollars of misallocated capital. That's not even taking into account the Wall Street casinos. If that money had instead been invested in activities like domestic manufacturing, we'd likely be in a much better position.
Maybe we'll get it right after the next world war.
My outlook is to buy whatever you want right now because fuck it.
Paid $4.91 for diesel on I 35 in Missouri on Sunday, still under $5 gal in the KC area.
At what interest rate? When I got my 17 ZL1, it was approved at 1.9%, but then again I got it at employee pricing and had over 20K down payment. How bad of credit would one have to have to pay 8k in interest charges?
With 91 octane gas at $5/gal, am I insane for looking to buy a 2013 Challenger R/T Redline? Good thing, it will get better gas mileage than my Ram truck. It's a 1 owner car with 101k miles. Going to look at it tomorrow.
Go for it. I just bought a Camaro SS. 455 HP. Supposed to be 15-17 mpg city and 28 mpg highway. That’s far better mileage than my V6 4 runner.
If it's in the condition as described, I'll be driving it home tomorrow. But this wouldn't be the first time an owner didn't give an honest description of a car or truck I've looked to buy.
This is incredibly significant. They're telling the American ppl, to our face, they (knowingly) realize what they are doing in regards to fuel price/supply and that it's part of a plan.
See recent recent comments by Hungary's Prez- Victor Orban, calling it like it is- saying The West is committing to suicidal policy.
I'm so hoping for a deflationary spiral.......He with cash and no (or little) debt wins.
Very unlikely to happen since that would not be of any help to the governments or banks or Elites.
That being said, a Deflationary spiral actually can have pretty bad effects as well, because most commerce is forwards based and assumes money value stays the same or devalues slightly. The supply chain would just about collapse under runaway deflation as nobody could buy or order anything or work to produce things if they would be way less valuable than what they paid for it.
You would get an initial spike of everybody trying to unload everything as quickly as possible before the value of the goods dropped then once that was done, there would be soviet style shortages of everything.
A deflationary spiral remains the Fed's worst-case scenario, just as it has been for the last 20+ years. Expect that policy errors will generally be biased towards inflation, but that external factors can be stronger than the Fed's intentions (ex.: the banking collapse component of the 2008 downturn).
They might not have as much control over it as you and they think they do.
Oh well......sucks to be a lot of those people
Gas prices have soared so high that the US is now seeing demand destruction ahead of the summer driving season
The average gallon of gas in the US hit a record high of $4.59 on Tuesday, about 51% higher than a year ago.
Duh. People are quitting jobs because they are going into debt to get to work.
I'm getting 13.7 mpg. I keep thinking about buying a car but I'm not sure I want any more debt than I have to with the way things are going.
You can buy an econobox with great mileage and have a car payment plus full coverage insurance payment or keep your paid off death truck that will do anything to include running over an econobox and pay the same for the gas. Remember an econobox still uses gas plus a monthly payment plus full coverage insurance on a new car. Yeah yeah you can buy used blah blah blah thing is you don't know what can of worms is under that used hood.
100% correct. If your truck is paid off, buying a gay ass Camry or something would be a bad idea. Well, unless it’s a $4,000 2009 Camry.
I was originally planning on buying either a low mile c5 z06 or a 08-13 c6 before the prices of everything went through the roof. Figured if I get it that I'd daily drive it to cut my fuel cost in half. I considered a civic si for a while but don't want a gay ass car when everything settles down
It’s always good to have a gay ass car around. I even hook a trailer to it to tow 750 lbs or less. Right now you will pay through the nose for a gay ass car. I bought mine last year when gas was $2.50 for a steal.
While that may seem like straight forward logic, you may want to actually run the calculations for your scenario, especially at 13.7 mpg
How much you drive will greatly affect your calculation.
You may be very surprised to find it is the same cost or cheaper to have a nice new vehicle.
Here is an example from my end.
I drive about 25,000 miles a year for my commute.
I had a fully paid for Honda Element I was driving that only got 20mpg no matter what I did driving wise.
Also being older and used, it did need regular maintenance and I seemed to go through brake pads every 2 to 3 years and such.
Now I did keep full coverage insurance on it because with all the crazy around here and all the illegal aliens driving junk, I've gotten good value for my full coverage insurance.
But putting 10 gallons in the tank twice a week can get expensive.
So I sold it and got a $30k fully optioned out Honda Accord Hybrid Touring.
Which I then only had to put about 9 gallons of gas in the tank once a week.
Fuel economy ranging from 50mpg to 40mpg average depending on time of year and driving, with overall coming in at about 44 over the total usage of the vehicle.
In just about 5 years I put about 100k on the vehicle, so around 2272 gallons of gasoline
I also had no need for new brake pads (still had 80% left at 100k also needed had 2 sets of tyres and pretty cheap standard maintenance.
The Honda Element would have taken 5000 gallons of gasoline, would have been 3 sets of tyres and at least 1 + most way through a second set of brake pads and higher maintenance costs due to the age and mileage.
Let's say we use $4 for the price of gas just since right now I doubt anywhere in the country is cheaper than that.
The new vehicle used 2728 less gallons of gasoline for $11,000 less fuel costs.
I wound up trading in the Honda for something else, and got $17k value back for it so the fuel savings alone essentially would have paid for the cost of ownership for that time and had I pushed it out to the 150k to 200k range then it would have been essentially fully paid for by the fuel savings.
So what it comes down to is that I was able to drive a nice new comfortable vehicle for essentially the same total amount as having kept the older vehicle.
Everybody's situation is different but it might be worth running the numbers as you may be surprised.
New cars are a bit more expensive right now, but they have increased in price a lot less than what used cars have, so it's not a bad time to sell a used car if you have a new car ready to be picked up.
In my case I ran a big spreadsheet calculating the total cost of ownership for my vehicles for awhile and got a pretty good idea of what everything cost to run.
Now I have a plug in hybrid and do my commute on electricity, that is a much more complex set of calculations and you have to also factor in how much government money you can get into the total cost and such. I expect my new vehicle will have a much higher cost of ownership because it's in a different class, but it replaces 2 vehicles, so that adds to the calculations as well.
Just commuting to work, it would save 3k a year in gas at $4 per gallon if you figure 35 mpg for a car like a civic. Add in another $500 or so for the other driving I do. The gas savings would pay for most of a car payment right now if I put a decent down payment on the car. It's the added insurance and registration fees that made it question whether it was worth it. When I finally talked myself into a new car with good mpg ratings, dealers wanted 5k over sticker so I dropped that idea.
New Civics are high in cost compared to to new Accords. Many times you get better deals on the Accords.
You might want to hunt around and compare.
Different dealers are different in greed level and you might call around and see.
For example here the Toyota dealers are $3k to $10k over MSRP depending on which one you call, the Honda dealer I worked with is now $1200 over MSRP
(Technically all call their markup "Dealer add ons").
The Volvo dealer was straight MSRP
Back when I bought my Honda Accord, I got a discount off MSRP as it was a few years ago.
You also can buy a car from another city or even another state, so shop around.
While new cars are up 14% used cars are up almost 40% so you might find the value of your old vehicle makes up for a lot of things.
I might suggest you give a bit of a look at the Honda Accord Hybrid as those will easily get over 40mpg (they will do a solid 50mpg if you drive correctly in the right mix of city traffic) and have tons of power.
I don't think gas prices will be coming down much anytime soon and I don't think the price of vehicles (or anything for that matter) is going to go anywhere but up due to inflation.
Don't worry, the car was not described correctly. It had so many things wrong with it. Not the cream puff he described it to be.
If you are trading passenger car for passenger car and you are ok paying the monthly payment in lieu of gas payments for that new car smell go for it. But if you are trading a much bigger vehicle with a huge payload for an econobox you have to weigh the loss in utility vs the new car smell.
The new Toyota Sienna Hybrid (if you can actually get one) gets rather good gas mileage
There is also a 4wd and lift kit version option
(Which are not being delivered anytime soon, as I waited 8 months and then said screw it).
You can cram a ton of stuff into one of those and also two a small trailer.
No trades, this was just a toy I wanted to buy. Nope, won't be selling my truck for any reason. I love my RAM.
I lol at all the truck drivers at lowes that can’t fit shit in their 5 ft beds.
The loading area at Home Depot and Lowes is almost as entertaining as watching people at the boat launching ramp... The high points are 1) they can't back up a trailer, 2) they don't unfasten the tie downs from the boat to the trailer and the BIG # 3) they don't put the drain plug in the boat and by the time they park the boat is sinking at the ramp... I have recovered trucks / boats / trailers at the ramps.
Always entertaining at any location.
Lol. I load a bunch of boards on my trailer, while watching them prop up 2x4’s on the tailgate. The trailer is so much easier to load and unload, plus I still get over 20 MPG, lol. My truck only gets fired up to pull the camper and tractors around.
I found out yesterday that Maryland will increase our gas tax by 7 cents on July 1st. Add that to the mix and we will probably be in the $6/gal range.
MD has a slogan from years ago. The Land Of Pleasant Living. Not so true today!
MD has a slogan from years ago. The Land Of Pleasant Living. Not so true today!
The Tesla model 3 is such a superior commuter car if you drive high mileage to work, any way you slice it- if you're spending anywhere north of 40k for a car, when you factor-in current gas prices.
I even like what Elon has been saying recently, too.
I just won't drive an electric car because Klaus and the globalists want me to. (I owned a model 3 alongside my truck and sold it once I had my fun and realized that's what the Davos pals want)
Soo- thinking more motorcycle use is the based way to save on fuel bill.
*Edit- My boy Elon just made a tweet about saying assault rifles should need a special permit, so yea plan confirmed to avoid the easy path that we're all being herded toward
I even like what Elon has been saying recently, too.
I just won't drive an electric car because Klaus and the globalists want me to. (I owned a model 3 alongside my truck and sold it once I had my fun and realized that's what the Davos pals want)
Soo- thinking more motorcycle use is the based way to save on fuel bill.
*Edit- My boy Elon just made a tweet about saying assault rifles should need a special permit, so yea
plan confirmed to avoid the easy path that we're all being herded toward
Last edited:
- Nov 3, 2010
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It's a crazy world..... LeBron James is commenting on the Texas school shooting, Elon is commenting on weapons, politician's are on the "Ban Gun's Wagon", Bill Gates’ book, “How to Prevent the Next Pandemic.”, Abrams: Ga. is the worst state to live in.... Lot of people in the public eye are talking above their pay grade. What's worse is the audience that listens to them... JMHOThe Tesla model 3 is such a superior commuter car if you drive high mileage to work, any way you slice it- if you're spending anywhere north of 40k for a car, when you factor-in current gas prices.
I even like what Elon has been saying recently, too.
I just won't drive an electric car because Klaus and the globalists want me to. (I owned a model 3 alongside my truck and sold it once I had my fun and realized that's what the Davos pals want)
Soo- thinking more motorcycle use is the based way to save on fuel bill.
*Edit- My boy Elon just made a tweet about saying assault rifles should need a special permit, so yea
He saved a $100.00 by getting it this week and not waiting until pay day next week..... BNPL
White House Eyes Restarting Idle Refineries to Tame Fuel Prices
(Bloomberg) -- The Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record high-gasoline prices that are setting off political alarm bells ahead of the midterm elections. Most Read from...
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