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  1. I missed that one and couldn't find it in your recent history. Have to be a decent downpayment with no other debt to get past DTI. My buddy put himself on the brink with 200k house on 60k but no downpayment and another loan. I'm going to stick with my mortgage the size of cheap car payment, no other debt and keep socking money away while the rest complain lifes too hard.
  2. For one I wasn't even talking high dollar vehicles this all started with a 40k vehicle and you were the only one to bring up anything more expensive but you seem to have that attitude of someone that owns fancy cars to get attention since you keep talking about em and how much they're worth. I do hear the same things from people with expensive cars as I do basic cars though, OMG do you take credit cards I don't know how I'm going to afford $400 to fix the furnace. Seems people just raise their expectations to their income. I'm just going by statistics and what I hear from friends that over spend too. Not saying all of course but most Americans buy the most expensive house they can along with the most expensive car they can and don't leave much for the rest.
  3. I know I'm the minority, by others you mean almost everyone, people think they have to have new cars and will blow their budgets, get 84 month loans, roll negative equity, etc, to get them. Your right to each their own though, if they didn't there wouldn't be cheap used cars for me.
  4. Ha that things hideous, guess its just the paint job but meh I'd rather have a cheap house on some acreage than that thing with a better paint job.
  5. Who needs a warranty your saving $1160/month. I picked up an 08 accord at auction for 2k. Turns out it needed a clutch and its easier to pull the motor and trans together, then break it apart in the driveway than try to to do it in place. Nothing I ain't done before but I'm finally at a point where I'm so busy and make more doing what I do, I let the pros handle my vehicle repair for the first time in my life. $1500 down the drain but I'm only at $3500 total instead of the $11600 I'd be at with 26 more payments to go on a vehicle thats going to be worth a couple grand to someone like me soon enough. At that rate even if this car turns out a to be a complete lemon I can buy another one drop more money in repairs and still be ahead. On the other hand I have no idea what an f-type is and the only feature I care about is getting from point a to b and back again.
  6. If a $1160 was 2% of my monthly gross I'd just a write a check for the car period, don't make near that much but could still write a check for a 40k car and $1160/month for a car is still insane to me.
  7. While I agree an 84 month loan is ridiculous, $1160/month is an insane amount of money to spend on a car every month. 3 months of that will buy you a car in cash that'll last for years.
  8. If you're self-employed and taking deductions for business expenses lowers your income too much you are just not making good money. You can only deduct legitimate business expenses, business expenses are not income, hence its just low income. So either you are not as good at business as you think you are and should re-think being self-employed or you should stop cheating on your taxes. Might be harsh but as someone whos self employed it drives me crazy hearing this I've deducted my self into low income bs all the time.
  9. I'm curious what your thoughts are on this article. https://www.lynalden.com/global-dollar-short-squeeze/
  10. Buddy that normally makes comments like you got money why don't you buy a nice new truck or a nice house with some land. Said hes going to have to start giving handies for $20 if work doesn't pick up. Hes an essential service but they're slow because of demand so his hours are cut drastically.
  11. Even with the low actual value seems like a paid for equinox with a back up car if it breaks is way better than an overpriced loan at a ridiculous interest that you may or may not refi for a better rate. You can only write that off if you itemize though right? With the new tax code not many people itemize anymore unless they make a lot of money.
  12. Why on earth would you let yourself get bent over like that on trade-in/interest rate? You had a perfectly good paid off car.
  13. Nope If I remember right they ask for paper work around 25k. I know I was disappointed at first with only 3k limit but the 3x CLI at 60 days or whatever it is worked like a charm but on the second cli I went under 27k so as not get that form request.
  14. Business debt for a sole proprietor is still hidden from personal unless you default. Does depend on the card though, my capital one spark reports to personal and business but my amex and chase business cards do not report to personal.

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