All yall BGOL expensive car owners, I have a question....

[TENT]

Honestly @CoTtOnMoUf 85k is a lot of money for a vehicle. Is this thing making you money? Can you get a better price?

Then instead of a big down payment. I would pay more money per month than the note. Double the note.

Keep the downpayment money in a interest bearing account and pay from there. At least you can get some interest earned.

 

[Big Tex]

My advice in buying luxury vehicles if buy certified pre-owned every time.

You'll get a great price and you SHOULD get the remainder of the regular warranty AND the CPO warranty.

I got a great deal once on a BMW that was a dealer demo vehicle. It only had 1100 miles on it and had both warranties. The CPO one added a couple extra years to the regular warranty.

 

[CoTtOnMoUf]

Honestly @CoTtOnMoUf 85k is a lot of money for a vehicle. Is this thing making you money? Can you get a better price?

Then instead of a big down payment. I would pay more money per month than the note. Double the note.

Keep the downpayment money in a interest bearing account and pay from there. At least you can get some interest earned.

My advice in buying luxury vehicles if buy certified pre-owned every time.

You'll get a great price and you SHOULD get the remainder of the regular warranty AND the CPO warranty.

I got a great deal once on a BMW that was a dealer demo vehicle. It only had 1100 miles on it and had both warranties. The CPO one added a couple extra years to the regular warranty.

This vehicle will be a 2023 Electric Ford F-150 Lightning truck that i reserved 18 months ago. I'm finally going to order one very soon according to my dealer. I have a 2007 F-150 I bought new 15 years ago that's starting to rust around the finders and now it's time to upgrade to the Lightning. My dealer says hopefully late next week I can order my Lariat trim Lightning. I use my truck to help my real estate investing endeavors as well as my day-to-day transportation.

 

[Big Tex]

This vehicle will be a 2023 Electric Ford F-150 Lightning truck that i reserved 18 months ago. I'm finally going to order one very soon according to my dealer. I have a 2007 F-150 I bought new 15 years ago that's starting to rust around the finders and now it's time to upgrade to the Lightning. My dealer says hopefully late next week I can order my Lariat trim Lightning. I use my truck to help my real estate investing endeavors as well as my day-to-day transportation.

Good shit!

 

[tallblacknyc]

This vehicle will be a 2023 Electric Ford F-150 Lightning truck that i reserved 18 months ago. I'm finally going to order one very soon according to my dealer. I have a 2007 F-150 I bought new 15 years ago that's starting to rust around the finders and now it's time to upgrade to the Lightning. My dealer says hopefully late next week I can order my Lariat trim Lightning. I use my truck to help my real estate investing endeavors as well as my day-to-day transportation.

Wait a sec..can’t you get some type of tax write off if claim it’s a vechile for biz/ company vechile

Ford F150 Tax Write Off 2022-2023

Are you a small business owner or a contractor who owns a Ford 150? Do you know Ford F150 Tax Write Off 2021-2022. Pay Less Taxes Today

taxsaversonline.com

 

[Database Error]

Dude makes >200K per year. He ain't hurtin. I hope he ain't tryna make jokes tho.

Maybe a misunderstanding somewhere? I just don't see how paying more interest to the bank is beneficial.

 

[DJ]

all good, sharing is caring !

I might be making a large vehicle purchase in the very near future. It's gonna cost about 85K before taxes. I was prepared to put about 30 or 40 as a down payment. A good friend of mine told me that I should only put down the tax and title (maybe 7K) down payment and finance the rest. I told him that that monthly note will be like a mortgage note. He said that if someone crashed into and totaled it or it got stolen in the first couple years, the insurance is only going to pay for what I owe on it and that giant down payment I would be fucked out of. He said to put that money I would put as down payment, into an account somewhere and just make the car note payments for the first 2 years or so because the depreciation hit would be much less after 2 years. He said to save up what I would have paid extra and also that huge down payment, and set it aside for a couple years and only then, pay that principal down.

Does this shit make any sense to yall?

Sorry @DJ, I went into one of your marathon threads and borrowed a few honeys.

 

[TENT]

Ok. This is amazing to hear. It is a money maker for you not just to floss.

So it is Bieber you wanna manage your money then. I am with you if you want to make the big down payment.

Keep in mind I would not recommend that for most people.

Having as much cash as possible is always king.

This vehicle will be a 2023 Electric Ford F-150 Lightning truck that i reserved 18 months ago. I'm finally going to order one very soon according to my dealer. I have a 2007 F-150 I bought new 15 years ago that's starting to rust around the finders and now it's time to upgrade to the Lightning. My dealer says hopefully late next week I can order my Lariat trim Lightning. I use my truck to help my real estate investing endeavors as well as my day-to-day transportation.

 

[CoTtOnMoUf]

Wait a sec..can’t you get some type of tax write off if claim it’s a vechile for biz/ company vechile

Ford F150 Tax Write Off 2022-2023

Are you a small business owner or a contractor who owns a Ford 150? Do you know Ford F150 Tax Write Off 2021-2022. Pay Less Taxes Today

taxsaversonline.com

Absolutely.

I'm also looking for a giant tax credit for Ohio EV buyers. I think I can get the full $7,500 if I order before this year is over.

 

[Mixd]

Couple things to consider is insurance for the truck, being electric, and cost of battery replacement for it.

Many Tesla owners are feeling the cost of replacing batteries now after 5-7 yrs when they start to fail.

Other thing I read recently was the planet itself didn't have enough lithium to replace batteries after I think the next 20 yrs or so for all these vehicles. So a lot of the EV stuff is not a sustainable technology, but more of a gimmick.

I know you won't keep the truck 20 yrs, but just something to consider about the batteries when they do go bad.