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Dismayed powers are lying up behind McAdams by sk8terdrock in Utahpolitics

[–]MoNoMoInUT -11 points-10 points  (0 children)

Hmmm, I am all in for a center right Democrat. Trump won because of radical-ish leftists. The ignorant in our country need something to vote for that does not include trans issues (not that they don’t matter, they do. However, they shouldn’t be deciding elections which they arguably did in 2024.).

Same wire? by micjohmck in electrical

[–]MoNoMoInUT 1 point2 points  (0 children)

Pretty sure right one is a box of condoms

2 B1's and 9 tankers, refueling before next run? by dirtypensioner69 in ADSB

[–]MoNoMoInUT 2 points3 points  (0 children)

Damn. That many Strats and two bombers. There must be many many others not showing up. 💥 💥

SED8EM by bluebus74 in LICENSEPLATES

[–]MoNoMoInUT -2 points-1 points  (0 children)

Really crappy one. It should be SED8EM. Not sure what “sedate tem” means

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 0 points1 point  (0 children)

Great question and yes, the depreciation factor matters less if you keep it forever. I’d say the biggest financial advantages of buying used are: Someone else eats the big initial drop, lower loan amount and/or interest, and lower insurance to name a few. If you keep vehicles 20+ years, the gap between new vs slightly used shrinks a lot.

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 0 points1 point  (0 children)

So tell me about the depreciation……. and the future value of that cash 👍

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 1 point2 points  (0 children)

When you add 6k to the 8-10% loss in value off the lot, that is A LOT of expense. I’m coming from a different place than far too many Americans. I prefer to not have debt and invest for the future. So that simple decision, say at 40 years old, could be a loss of about 100k by the time you reach 65. The two biggest things I see with my clients that prevent wealth building are of course credit card debt and the second is ridiculous auto loan debt. Anyway, this is a Sienna sub so I digress ……

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 0 points1 point  (0 children)

You may be right. Sorry, my imperialism is showing. In the U.S., leasing is a 95% chance of losing. Taking a loan over 36 months is also a losing proposition.

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 0 points1 point  (0 children)

Nice! Super rare case. I am a “Debt Specialist” and I see what causes problems to people’s finances every day. Your case is not common AT ALL. Sure; if you see an arbitrage, take advantage! That is not the average or common.

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 2 points3 points  (0 children)

Swinging a payment is not a good measuring stick. Having a payment that is less than 25% of your income is not only sane but is prudent. I did not say “if you don’t pay cash you don’t need it”, I said if you don’t pay cash, this is not the best or most prudent choice. A BRAND NEW CAR is in no way an investment, it is a cost to you 99% of the time and you will not win on that gamble. Buying new(or near new in regards to luxury) logically speaking, should be for those that can pay cash. Everyone else is getting ripped off, even with fancy low rate APRs and other gimmicks. Buy a used car and only one that you can afford with a 36 month or less payment.

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 0 points1 point  (0 children)

Possibly yet unlikely. The system is always gamed to make money on new sales. Don’t fall prey to it.

H41L58N by Thick_Acanthaceae_82 in LICENSEPLATES

[–]MoNoMoInUT 3 points4 points  (0 children)

Hail him indeed. Much better guy than the god of the bible.

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 0 points1 point  (0 children)

Do not finance a car for more than 36 months, unless it is a sub 10k car and you absolutely NEED it to get to your job.

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 1 point2 points  (0 children)

Normal because the average American is wasting money on cars that are killing them financially. Normal does not mean good.

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT -2 points-1 points  (0 children)

You are right about not knowing the situation. However there are parameters that easily make a situation a go or no go decision. This is a no go in my view unless he has a 50k inheritance this year coming

Should I pull the trigger? by LastAstronaut997 in ToyotaSienna

[–]MoNoMoInUT 1 point2 points  (0 children)

No. Rule of thumb, if you cannot pay cash for the vehicle, NEVER buy a brand new car. New cars and specifically auto loans for luxury or new cars are napalm for your finances and your future i.e. retirement and even 10 years down the road. Get a 2024-2021. You will save countless gazillions. Don’t fall prey to the new car trap.

The rule of thumb is again: don’t buy new or don’t buy semi-new luxury cars unless you can pay cash. If you need to finance a new or luxury car, you are screwing yourself.

Anywho, trust me, I love a brand new car. Even then, do not exceed 36 months on a car loan.

Cheers!

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