GoodBye 4Runner (after 8 months)
- Thread starter SteadfastZach
- Start date
docsnavely
New member
I think most people just don’t like being lectured. It’s about a willingness to change. Just because people aren’t as energetic as you about their financial responsibility it doesn’t make them bad or stupid people, and doesn’t make you better than them.
Your right though. That's a pretty good. So sorry for being so forward and kind of a dick. All I'm trying to do is provide a little bit of balance to this board. Bc theres a lot of young guys on here trying to satisfy there material lusts. And man this board is fun for that. I LIVE watching other guys build. But some of these guys will follow this board and think they can do it to
So if I can prevent one young guy or gal from making such a horrific financial mistake as leasing a brand new, loaded Tundra. Then good.
Man I JUST counselled a guy in his 60s that is $35k in debt and almost lost his car. And he operates a car service and he needs it to work.
So sorry/not sorry. I'm done. I'll jump out. Good luck OP. glad you reduced your payment
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CookieJHWK20
New member
Love the tundra's just can't stomach the gas mileage. You would think they could get a little better on the mpg. But congrats on the new sleed.
CutthroatSlam
Senior Member
I’ve paid cash for every vehicle I’ve bought. Only debt I would take on is a mortgage and I pay that off ASAP. Currently own 3 homes, all for my use, none are rentals. I’ve occasionally hear Dave Remsey on the radio. He’s good for the 90% of Amercans who need it.
There are a lot of us who want/need/can afford new iron. Trust me, we were all in your shoes once. I owned a 1986 Toyota Regular Cab P/U forever. I’m sure I could still be driving it today. But I don’t want and I don’t need to. If and when you become more financially secure, a $38,000 vehicle with very low annual depreciation will be the furthest thing from your mind when it comes to your long term financial stability. If a $600 monthly car payment is the difference between make it or break it, you’ve got bigger things to worry about. And if you have a 0% or 0.9% loan, wouldn’t it be smarter to invest your money in the market (um, banks) than it would be to take your position out of those investments that return 3%-4% each year? And damned if I know why anyone would take advice from anyone on the radio. There’s one born every minute I guess...
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I hear you on the investment side of things. That's why I don't put more money in my house. Rates are too good. And I deviate from Ramseys teachings on that. Buying new cars is not a bad thing. But the point it, why take debt of you don't have to. Why make payments when you don't have to? Buying a new car or truck and then selling is is dumber than leasing. You buy a new vehicle and sell it in 4 years. You've bought have the depreciation and let someone else get a good deal. I've never met anyone who leaked a vehicle who could afford it.
As far as listening to some guy on the radio. He's worth 60 million. Are you? Didn't think so. I'm gonna listen to the guy who can wipe his ass with a Ford raptor and not even think about it.
Amen brother. And there are things he says that I don't agree with. But I do understand why he does not waver in his teachings. He doesn't want the uneducated to become confused with minutia. Right now I take a risk by putting my extra income in the market and not into my mortgage. But that's a calculated risk that I understand. I understand that my rate (2.85%) btw is slow low, the appreciation of the property is out pacing the interest accrual.
Never met a rich man driving a leased car...
SteadfastZach
New member
Well, this has been awesome! Not that I wanted this to turn into a “Dave Ramsey minute and breaking down YOUR idea of leasing and financial peace” but whatever. No one person needs explain themselves on a VEHICLE FORUM for why or how they did what they did.
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kenwilliams0803
New member
Agreed. I remember in my mid-20's I had never had a car loan. One of my buddies bought a new F-250 to tow his Jeep with and use for his job. I said "damn, doesn't that payment bother you?" He said "go ahead, spend all your life saving. It will take you a long time before you can have anything nice. Better to enjoy your life now -- you could be gone tomorrow." That resonated with me big time.
I do not consider myself a slave to my job or to my car payments. I am lucky to like what I do (factory rep for a company you probably all know, but not Toyota). I hope this job never ends and I consider myself retired already at 40 since I love what I do and am not stuck in a 9-5. I am more than happy to have the loan on the T4R even if I still owe like $12k on it.
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Weedkiller
New member
What?? You mean people can also be "slaves" to the concept of being debt free? Always concerned with making sure they don't "owe" anyone and then end up dying without enjoying something they could have had along the way? I'm with you man. I don't over extend myself but we intend on enjoying our life ,long term and short term.( mid to early 40's here) if theres something we want to enjoy, and it's not a burden, we get it ,even if it requires a short term payment. Yes the bank makes some money off of us but our quality and enjoyment of life is worth that. Do I condone frivolous, irresponsible spending? Of course not. But I've seen more than one person who lived like a miser their whole life only to end up with a debilitating condition mid life or even dying and it was all for nothing. Living life on either extreme of the financial spectrum sure seems to lessen your enjoyment of life.
Anyway...what was the OP original topic again?
:Ellis_McPickle
New member
I'll say that I don't accrue debt for fun, and I believe in being smart about saving/personal finance. It's all about cost vs value for me. If the cost of something represents superior value to me, I'm happy to pay, whether I finance the purchase or pay cash. If something does not represent enough value to justify the cost, then I'll pass. But, don't forget to have some fun.
The cost of frugality should also be considered, especially if you're familiar with the concept of opportunity cost. For example, "if I save $45K, it will cost me the opportunity to buy this 4runner." It's an easy answer if you need the money for other things, or need to contribute more to retirement/investing, but equally easy if the 4runner represents good value for the cost and you're able to afford it without shorting yourself in other areas.
OP, Enjoy your Tundra! I had one years back and that 5.7 is sweet!
The cost of frugality should also be considered, especially if you're familiar with the concept of opportunity cost. For example, "if I save $45K, it will cost me the opportunity to buy this 4runner." It's an easy answer if you need the money for other things, or need to contribute more to retirement/investing, but equally easy if the 4runner represents good value for the cost and you're able to afford it without shorting yourself in other areas.
OP, Enjoy your Tundra! I had one years back and that 5.7 is sweet!
