Belly35
Posts: 9,716
Dec 31, 2015 10:04am
What will be your next big purchase this coming year?
I think I will get the wife a new car .... Honda Accord or Ford.....?
Rebuild the back patio stone stair.. cost 3000.00 I will do the work
Electric fence around my above ground garden ...cost 900.00. I will do the work
New shed/ with work shop space .... 8000.00
I think I will get the wife a new car .... Honda Accord or Ford.....?
Rebuild the back patio stone stair.. cost 3000.00 I will do the work
Electric fence around my above ground garden ...cost 900.00. I will do the work
New shed/ with work shop space .... 8000.00
ernest_t_bass
Posts: 24,984
Dec 31, 2015 10:21am
House
Spock
Posts: 2,853
Dec 31, 2015 10:21am
truck
Automatik
Posts: 14,632
Dec 31, 2015 10:25am
Gotta upgrade the DJ setup, probably around $2500.
I may need to purchase a commuter car, depending on my place of employment, but I really hope that doesn't happen. I'd say something <12k.
I may need to purchase a commuter car, depending on my place of employment, but I really hope that doesn't happen. I'd say something <12k.
Fab4Runner
Posts: 6,196
Dec 31, 2015 10:58am
We will be getting a new car at some point. Just waiting for the 2004 Altima to die.
Building a back deck.
Paying for our wedding/honeymoon.
Building a back deck.
Paying for our wedding/honeymoon.
iclfan2
Posts: 6,360
Dec 31, 2015 10:59am
Vacation to Europe.
lhslep134
Posts: 9,774
Dec 31, 2015 11:44am
Have you already done some searching? I was in the same situation with my 2005 Dodge Neon and then the AC unexpectedly gave out and I had to scramble to lease a new car...I was expecting the Neon to last another 4 or 5 months.Fab4Runner;1772119 wrote:We will be getting a new car at some point. Just waiting for the 2004 Altima to die.
Commander of Awesome
Posts: 23,151
Dec 31, 2015 12:19pm
I may get a car this yr, had the itch to have wheels for a couple of yrs now. Haven't owned a car since early 09 and drive about ~6 times a yr atm.
wildcats20
Posts: 27,794
Dec 31, 2015 12:47pm
This. But most likely will be early '17.ernest_t_bass;1772115 wrote:House
gerb131
Posts: 9,932
Dec 31, 2015 12:51pm
Probably car...but im a tight wad so probably not lol
GoChiefs
Posts: 16,754
Dec 31, 2015 1:09pm
If my wifes grandparents die this year, our next big purchase will be their house.Fab4Runner;1772119 wrote:Just waiting for the 2004 Altima to die.
Hopefully, we aren't buying a house in 2016.
Heretic
Posts: 18,820
Dec 31, 2015 1:33pm
Just got a new computer that arrived today, since my old one was getting out-of-date to the point where the 'net was slow, Steam wasn't supported any more and it didn't really have the power to be worth upgrading anyway.
Can't really think of anything major I'd want or need right now, but in a few months, that will probably change. It always does.
Can't really think of anything major I'd want or need right now, but in a few months, that will probably change. It always does.
Fab4Runner
Posts: 6,196
Dec 31, 2015 1:41pm
We're going to buy a used truck and a newish car. Probably a Camry or an Accord. I just got a 2013 Fusion a few months ago, so it will be his choice.lhslep134;1772124 wrote:Have you already done some searching? I was in the same situation with my 2005 Dodge Neon and then the AC unexpectedly gave out and I had to scramble to lease a new car...I was expecting the Neon to last another 4 or 5 months.
Ironman92
Posts: 49,363
Dec 31, 2015 1:53pm
No planned big buys....just the ridiculous amount needed to pay for pharmacy school for the daughter.
Hopefully the cars hold out for all of us.
Hopefully the cars hold out for all of us.
GOONx19
Posts: 7,147
Dec 31, 2015 4:27pm
Saving up to make several in 2017 when I finish residency.
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BR1986FB
Posts: 24,104
Dec 31, 2015 4:43pm
I hate car payments. I'm riding out my Jeep Liberty until, most likely, Labor Day weekend, and then will buy a new(er) vehicle. Kind of interested in the new Jeep Renegade but may go used.Fab4Runner;1772119 wrote:We will be getting a new car at some point. Just waiting for the 2004 Altima to die.
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Con_Alma
Posts: 12,198
Dec 31, 2015 5:08pm
Car payments are ridiculous. Going into debt for a depreciating asset isn't usually a great idea. With a little discipline people can sink the amount they would have had in a payment until they can purchase with cash.BR1986FB;1772186 wrote:I hate car payments. I'm riding out my Jeep Liberty until, most likely, Labor Day weekend, and then will buy a new(er) vehicle. Kind of interested in the new Jeep Renegade but may go used.
ernest_t_bass
Posts: 24,984
Dec 31, 2015 5:39pm
I rent my wife's car. Suck on that, responsible savers!
Terry_Tate
Posts: 7,606
Dec 31, 2015 6:27pm
Engagement ring should be it.
SportsAndLady
Posts: 35,632
Dec 31, 2015 7:19pm
I don't think of a car as an asset. I pay to drive around. It's not ridiculous.Con_Alma;1772188 wrote:Car payments are ridiculous. Going into debt for a depreciating asset isn't usually a great idea. With a little discipline people can sink the amount they would have had in a payment until they can purchase with cash.
salto
Posts: 2,611
Dec 31, 2015 7:26pm
lhslep134;1772124 wrote:Have you already done some searching? I was in the same situation with my 2005 Dodge Neon and then the AC unexpectedly gave out and I had to scramble to lease a new car...I was expecting the Neon to last another 4 or 5 months.
Yea, no doubt your AC will be needed a lot in the next 4 or 5 months.
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Con_Alma
Posts: 12,198
Dec 31, 2015 7:29pm
How you think of it doesn't mean it doesn't most times carry a depreciating market value that's being financed.SportsAndLady;1772196 wrote:I don't think of a car as an asset. I pay to drive around. It's not ridiculous.
Think of it anyway you like. It's an expense...often times a necessary expense. Paying interest on it isn't always the greatest idea when you have the choice not to.
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BR1986FB
Posts: 24,104
Dec 31, 2015 7:57pm
I agree, to a certain extent. I will usually buy used, not because I can't afford it, but because a new car depreciates the second you drive it off the lot. If I can find something with low miles, that I like, I'll just go with that. My mindset on this upcoming purchase is to just pay cash, new or used.Con_Alma;1772188 wrote:Car payments are ridiculous. Going into debt for a depreciating asset isn't usually a great idea. With a little discipline people can sink the amount they would have had in a payment until they can purchase with cash.
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Con_Alma
Posts: 12,198
Dec 31, 2015 7:58pm
I would bet most people view it as an asset when the try and sell it or trade it in.
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Con_Alma
Posts: 12,198
Dec 31, 2015 8:00pm
There are exceptions...if you can get a greater return on your reserves after tax than the charged interest expense on the vehicle it may make some sense/cents.