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SVTPerformance's Chain of Restaurants
Road Side Pub
Paying off debt
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<blockquote data-quote="nickf2005" data-source="post: 16505094" data-attributes="member: 136350"><p>We bought a new Edge in 2010. Still have it with 176,xxx miles. Price/months = $315</p><p></p><p>We bought my 500 in 2012. Still have it with almost 60,000 miles. Price/months = $490</p><p></p><p>The 500 isn't going anywhere (plus there's still at least 50% equity versus purchase price) and I'm hoping we can squeeze a few more years out of the Edge. Not a terrible "rate" for a new car.</p><p></p><p>That said, we bought my '15 F150 in 2017 for a hair under 30k. If I can get 10 years out it, that rate would be $250/month. Like somebody said, sure, I'd love to have a $70,000 truck, but you can't tell me thats the wisest financial decision at this point in our lives.</p><p></p><p>Its interesting to calculate some of the data out to help form an opinion. Yes, the new car route isn't terrible if you're in it for the long haul. But any lightly used vehicle will still get you good life for less [emoji383]. </p><p></p><p>I think the Edge will be replaced by a used vehicle when the time comes. If we retire with what we're supposed to (and I make it that long!), I'm going to really splurge.</p><p></p><p>Now, you want to really talk about holding value... I bought my 2011 JD tractor in 2014 for $16,000. I could sell it outright for at least $14,000. $2,000 loss in value over 6 years? Im good with that! Way cheaper than renting. [emoji16]</p><p></p><p>Sent from my SM-G975U using the <a href="http://r.tapatalk.com/byo?rid=92568" target="_blank">svtperformance.com mobile app</a></p></blockquote><p></p>
[QUOTE="nickf2005, post: 16505094, member: 136350"] We bought a new Edge in 2010. Still have it with 176,xxx miles. Price/months = $315 We bought my 500 in 2012. Still have it with almost 60,000 miles. Price/months = $490 The 500 isn't going anywhere (plus there's still at least 50% equity versus purchase price) and I'm hoping we can squeeze a few more years out of the Edge. Not a terrible "rate" for a new car. That said, we bought my '15 F150 in 2017 for a hair under 30k. If I can get 10 years out it, that rate would be $250/month. Like somebody said, sure, I'd love to have a $70,000 truck, but you can't tell me thats the wisest financial decision at this point in our lives. Its interesting to calculate some of the data out to help form an opinion. Yes, the new car route isn't terrible if you're in it for the long haul. But any lightly used vehicle will still get you good life for less [emoji383]. I think the Edge will be replaced by a used vehicle when the time comes. If we retire with what we're supposed to (and I make it that long!), I'm going to really splurge. Now, you want to really talk about holding value... I bought my 2011 JD tractor in 2014 for $16,000. I could sell it outright for at least $14,000. $2,000 loss in value over 6 years? Im good with that! Way cheaper than renting. [emoji16] Sent from my SM-G975U using the [URL=http://r.tapatalk.com/byo?rid=92568]svtperformance.com mobile app[/URL] [/QUOTE]
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