Pure F’n insanity

[Stix]

Went to the ford dealer the other day for a T-stat for the Juan fiddy. I know a guy there and he corners me. Apparently a 24 year old dude just left in his new King Ranch Tremor. Lives with his parents, but works. My buddy saw the deal go down. 2600 a month. For a truck. A depreciating asset. His money, he can do what he wants but fuck me that’s nuts. Cool stary bra...

 

[M92PV4U]

Went to the ford dealer the other day for a T-stat for the Juan fiddy. I know a guy there and he corners me. Apparently a 24 year old dude just left in his new King Ranch Tremor. Lives with his parents, but works. My buddy saw the deal go down. 2600 a month. For a truck. A depreciating asset. His money, he can do what he wants but fuck me that’s nuts. Cool stary bra...

I had a $2600 a month truck payment once. Paid it off in one month .

 

[45acp]

Sooooo....... double my house payment.

Sweet. I bet it's a nice truck.

 

[Texas97]

lives rent and expense free. I've seen that before.

trucks pulls tail. can smash at their house, not his. kid might be a genius. terrible with money but hes just out there l-i-v-i-n

 

[M92PV4U]

Sooooo....... double my house payment.

Sweet. I bet it's a nice truck.

He can sleep in his truck, you can't drive your house to work.

 

[MONSTERMUDDER]

The real issue is what a current decently optioned f1fiddy pickup truck costs nowadays...

 

[1oddtech]

Sooooo....... double my house payment.

Sweet. I bet it's a nice truck.

Fuck that's double my 450 payment

 

[Pt_Ranger_v8]

Sooooo....... double my house payment.

Sweet. I bet it's a nice truck.

That's 3.5x my house payment


But, bet it's a 5 year loan

 

[the conservative atheist]

Went to the ford dealer the other day for a T-stat for the Juan fiddy. I know a guy there and he corners me. Apparently a 24 year old dude just left in his new King Ranch Tremor. Lives with his parents, but works. My buddy saw the deal go down. 2600 a month. For a truck. A depreciating asset. His money, he can do what he wants but fuck me that’s nuts. Cool stary bra...

$1600/month is ALL my recurring expenses, including the mortgage. Granted, I'm a minimalist.

No way could I sleep with that kind of payment.

 

[fordguy]

Sooooo....... double my house payment.

Sweet. I bet it's a nice truck.

I bet its a shitty house.

 

[brantb]

I wonder what the rate is. I think my truck is 1200ish a month. That is 64k@6% for 5 years.

Guessing it is probably 120k at 16% for 5 years.

 

[Ebs]

 

[45acp]

I bet its a shitty house.

Not really.

 

[45acp]

That's 3.5x my house payment


But, bet it's a 5 year loan

@5 years he's at about $150k.

 

[M92PV4U]

Not really.

He's jealous he paid 750k for the same house you bought much cheaper .

 

[Steve300xcw]

Know a guy paying around $1700 IIRC on a 450 that he really doesnt use.

He has no idea how long the loan is. Said it didnt matter as he was going to trade it in before it was paid off.

 

[Texas97]

the financial illiteracy is a worse problem than actual illiteracy

 

[BigBurt]

The only tremor truck I care about, you can probably buy it under 4 months of his payments

 

[grumpy356]

the financial illiteracy is a worse problem than actual illiteracy

You can teach people math, after that…. It’s an individual thing.

Now any GOOD math teacher should be teaching a unit on Taxes, Interest , and compounding principles of money.

And any good geometry teacher should be teaching construction and machining mathematics. (The geometry exit exam should be a practical exercise where a they are shown an actual frame or form that looks visually square and they have to check it for proper square)

Whether it’s spelled out in the district/ state curriculum or not.

 

[bigun]

Damn that monthy payment is almost as much as I paid for my whole pickup

 

[ToughBowtieTruck]

At least his dad didn't advise him to finance the home to get it.

 

[M92PV4U]

At least his dad didn't advise him to finance the home to get it.

We actually don't know that .

 

[Aggie06]

Odds he rolled another loan into it?

 

[Gbkeith]

Know a guy paying around $1700 IIRC on a 450 that he really doesnt use.

He has no idea how long the loan is. Said it didnt matter as he was going to trade it in before it was paid off.

I know a guy paying about that much on a 450, but he needs it to drive fat kids around for his wife’s business or something.

 

[ToughBowtieTruck]

I remember when people thought I was insane to finace a new 2015 2500HD LT that cost $45,000 out the door.

$618/84 months.

People dream of that now.

 

[Gbkeith]

I remember when people thought I was insane to finace a new 2015 2500HD Lt that cost $45,000 out the door.

$618/84 months.

People dream of that now.

People thought you were stupid. That’s not the same as insane.

 

[Stix]

Truck stickered for 114k. Spray in liner, 5’er hitch and some other stuff. Ended up at 140 something I think he said. Also said the kid threw down 20k..

 

[ToughBowtieTruck]

People thought you were stupid. That’s not the same as insane.

That isn't the word most would consider using. 'Thought' is past tense. As if I have changed. I bought the damn thing back for $4,000 less than I traded it in for.

 

[RusM]

I know a guy paying about that much on a 450, but he needs it to drive fat kids around for his wife’s business or something.

Jesus, I know you're in Texas, but how fucking fat are these kids? Does he have a livestock trailer too? Can they move under their own power or do they need a forklift?

 

[BillyBronco]

I remember when people thought I was insane to finace a new 2015 2500HD LT that cost $45,000 out the door.

$618/84 months.

People dream of that now.

Problem there is you have been paying payments in your multi truck changes since you bought that 2015. Now you have the 2015 back and had you kept it it would have been paid off but you are still making payments on a 9 year old truck. Stupid but not idiocy.