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  1. Today
  2. SurelySerious

    Car loans and interest rates

    If I have $69k in non-retirement investments, I don’t want to pull any of it to buy even a $16.9k used car when the interest rates are less than historical inflation. It’s simple: keeping that $16.9k in investments accrues more money (crash notwithstanding); if you buy a $16.9k used car with that money instead, it still depreciates...meaning you lose more relative to keeping the money in investments and using a low interest loan. Your concept is a loser if you can execute a simple budget.
  3. FDNYOldGuy

    Car loans and interest rates

    Most definitely prices have gone crazy. Watching the prices of stocks, real estate, collectors’ cars, and nice watches over the last handful of years has made me head spin. Hell, the last AOPA Flight Training Magazine mentioned that mid-60’s to mid-70’s Skyhawks have gone up 25% in a quarter (if I’m remembering the stats correctly). That’s kinda nuts. A downturn will definitely send people that overextended to the exits and bring prices back out of the stratosphere (or we’ll get stagflation, which sucks too). I like watches and I said I’d get a cheapie vintage 5500 Rolex Air King (pretty low end Rolex, but I like its simplicity) if I was able to pull off getting a pilot slot at advanced age, but prices have jumped quite a bit in the last few years that it doesn’t make sense. Maybe I’ll wait until training is over to see if things have come down? And maybe to not put the cart too far in front of the horse, since I’ve still got a long way to go until it’s a given I’ve made it...
  4. MooseClub

    Car loans and interest rates

    ^exactly Heard this debt argument before...it’s dumb. Absolutely nothing wrong with a car loan. Enjoy your life and do the things you want to do. Pay your bills on time. Stuff happens and things could be over tmrw. If other people don’t agree with what you do with your $$ tell them to eat a bag of dicks
  5. MDDieselPilot

    Car loans and interest rates

    GD dave ramsey. Best and worst thing to happen to personal finance talking points in recent memory. Like dude.. we get it, dave said debt is bad.. you don't need to continue berating the entire room with what you heard dave say on his sunday morning talk show. JFC. Whoever asked about best rates - Navy Fed, Pen Fed, nearest CU, or ask the dealer what their best rate is. Personally, I hope we're nearing the horizon of the next slowdown.. it may not be for a while yet, but the 10+ year bull market has kept prices of some luxury items I want artificially high. A good recession would clobber some people who shouldn't have bought them and prices will come down.
  6. Standby

    Car loans and interest rates

    Dude, it’s not about the ability to purchase with cash. This is about the decision to finance because it’s more financially sound to “make that money work for us” elsewhere. Live within your means...agree 100%. To say that people shouldn’t buy new cars or enjoy luxury items is asinine though...especially if they have the disposable income to do so. I assume you don’t have a watercraft or airplane and subsequently assume you never will. Have an extreme net worth doesn’t mean fvck all if you didn’t get to enjoy it along the way.
  7. Sprkt69

    What is next for the UPT-Next graduates?

    Probably not the best idea unless your UPT people’s plan on flying to the Sunny MOA. Besides, there are civilians that use that airspace and airport for fighter training as well
  8. Standby

    It's Official, OCPs are Coming!

    What base or community?
  9. FlyArmy

    What is next for the UPT-Next graduates?

    When I used to fly GA I was an active mil pilot, so i was vaguely familiar with MOAs. I was always on FF and didn’t go thru active moa’s. I’m not talking about that. I’m talking about the GA and commercial traffic at KIWA, which wouldn’t be much of an issue if a bunch of T6/38/Xs showed up. The PHX area is saturated with GA flight schools, including many weak english speakers. But they tend to hang out at the GA airports and some of the practice areas, not MOAs and probably not KIWA if it became a UPT base. So long as this hypothetical Willy base had easy access to the MOAs east and south, I don’t see much conflict with commercial/GA. So long as it wasn’t too saturated with Luke, TUS, and DM traffic (and anyone else in the area), seems like it’s as adequate airspace as any, with 99.69% of days flyable.
  10. HeloDude

    The Next President is...

    My current prediction is that the GOP picks up 1-2 seats in the Senate. As far the House, I have done some research on some individual races that are competitive/Dems believe they'll flip, but have obviously not researched to the extent of the professionals. That being said, my current prediction is that the GOP loses the House by a few seats. I imagine it will be a late Tuesday night in a little over a couple of weeks. It will be interesting to see if Ginsburg or Breyer leaves SCOTUS in the next couple of years...or if Thomas retires early so Trump can name his replacement.
  11. This completely. Also, some people like to buy cars, others tattoos. Some spend money on expensive phones or computers. Everyone has their vice. My is driving fun cars. So I’m going to enjoy my Life and drive the car I want so I can enjoy life a bit. With that said, it’s been numerous years since I have had a car payment and because I spent a little extra money I have a car which will probably drive another 15 years before the wheels fall off. Sent from my iPhone using Tapatalk
  12. Kiloalpha

    The Next President is...

    All the races that were looking like a runaway victory by Democrats are now neck and neck or with a slight Republican bump. In prior election cycles, we could game out the end result from here. With Trump as president, we’ll go through 5 more media-induced crises before Election Day, making any predictions pointless. If the Democrats weren’t deranged, they’d sweep both chambers, no question.
  13. Kenny Powers

    Car loans and interest rates

    Why? Because you wouldn't spend your money on it? I bet most people spend more every month on Starbucks and fast food than I do on a car payment. The math is simple. If you cant understand it or if you aren't the type of person that is ok with debt, then fine. But you're crazy if you think I should use my money to buy a car vs borrowing money for super cheap, when my investments can out perform the interest of the loan by a significant amount. Regardless of the price of the car, the math doesnt change. Even if I was buying a car for $5k, I'm still better off borrowing that money.
  14. HeloDude

    Car loans and interest rates

    Why are you purchasing such an expensive car that you can't just afford outright without a loan?
  15. HeloDude

    Car loans and interest rates

    No, I'm suggesting then suggesting that you don't buy a new car.
  16. mcbush

    The Next President is...

    I don't see Republicans holding the House, but I also don't see the Dems gaining any seats in the Senate. I did think 538's piece this morning on the Democratic fundraising advantage could portend unexpected results, but I don't know what to make of it any more than Nate Silver does.
  17. waveshaper

    The Next President is...

    IMHO, the Repubs will barely hold the house and it will be a tie in the Senate. My long term forecast for the 2020 Presidential election: President Trump won't run and at the end of the day we will finally have our first female President. It will be Dot (Nikki/Repub) versus Feather (Pocahontas/Dem), with Dot winning bigly (Even winning the Native American voting bloc):<)
  18. Yesterday
  19. torqued

    Car loans and interest rates

    When you borrow someone else's money to make a purchase because your money is either allocated or tied up somewhere else, that's technically "money you dont have". When you use someone else's money to pay more for an item than it's market value, that is additional "money you dont have." Not everyone likes money I guess.
  20. Bode

    It's Official, OCPs are Coming!

    I have guys around here doing it. Not sure if it’s legit. Sent from my iPhone using Tapatalk
  21. I would argue that if I had cash for a car that money would work more effectively for me in an investment while I pay 1.49 or 2.9 percent interest on the car. Market willing I will still have a long term gain. Maybe i don’t understand the argument here but I can see where the loan can be a benefit in the long term. Sent from my iPhone using Tapatalk
  22. Kenny Powers

    Car loans and interest rates

    Explain. Define "money you dont have." As in, are you suggesting I should pull money out of investments or emergency funds when it's time to buy a new car?
  23. HeloDude

    The Next President is...

    A little more than two weeks out from the midterms--any projections?
  24. HeloDude

    Car loans and interest rates

    No...it makes no damn sense to spend money you don't have on a luxury item. What other luxury items (especially those that depreciate) are you ok with purchasing that requires a loan with interest?
  25. HeloDude

    Car loans and interest rates

    You can't buy a 2006 Honda Accord for a few thousand dollars? Kelley Blue Book says you can.
  26. Kenny Powers

    Car loans and interest rates

    You're now arguing that people are dumb because they choose to spend their money differently than you? Should I save every dollar until retirement? Should I always just drive an old car that I maintain? Hell, let's grow our own food and make our own clothes. It's entirely possible to be financially savvy and have a $60k car. Just because I may choose to spend my money on different things than you, doesnt make it wrong. Especially when interest rates are so cheap. I'm a car guy, so I like spending money on cars. You might like to fish, hunt, fly, travel, etc.. should I argue that you're "comical" for spending money on those things? Or that it obviously makes you not financially savvy?
  27. matmacwc

    What is next for the UPT-Next graduates?

    I've had to KIO so many times in that airspace due to GA, please don't make this situation worse. GA pilots love to tell everyone they can go in there, but its at their own risk.
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