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04-08-2014, 05:40 PM
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#1
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Old School
Join Date: Oct 2012
Age: 46
Posts: 1,358
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Originally Posted by SlowGreyGT
After financing, taxes and interest, it's a $40k car. I know the bottom line isn't your strong suit, but you have to be real here. lol
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Everything financed has a bottom line. When my house is paid for itll cost me over 350 grand. Is it a 350 k house? No its a gd 200 k house. Same goes for cars and everything in life that isnt paid cash for. Same thing can also be said for a new Mustang etc, you cant add that and taxes in to the total because its just part of the deal. I mean you can but its not comparing apples. I personally think this car is worth 34 k. A new Mustang not so much.
__________________
86 GT 374 Billet "W" w/ 72MMs
90 GT 351 Dart short stroke w/ YSi
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04-08-2014, 05:44 PM
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#2
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I> /\/\
Join Date: Jun 2012
Location: A fender ahead of BlownAltered
Posts: 7,562
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Originally Posted by STROKD
Everything financed has a bottom line. When my house is paid for itll cost me over 350 grand. Is it a 350 k house? No its a gd 200 k house. Same goes for cars and everything in life that isnt paid cash for. Same thing can also be said for a new Mustang etc, you cant add that and taxes in to the total because its just part of the deal. I mean you can but its not comparing apples. I personally think this car is worth 34 k. A new Mustang not so much.
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The market maybe 200k, but if you pay 350k for the house, then that is what it cost you. Same for the car. If the car is 34k, but it costs you $40k due to everything added on to it, then it cost you 40k. If you have to finance the car, it's no longer 34k. You wouldn't be able to leave the dealership with it without the added expenses to the car unless you pay cash. It's pretty black and white.
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04-08-2014, 05:55 PM
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#3
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Old School
Join Date: Oct 2012
Age: 46
Posts: 1,358
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Originally Posted by SlowGreyGT
The market maybe 200k, but if you pay 350k for the house, then that is what it cost you. Same for the car. If the car is 34k, but it costs you $40k due to everything added on to it, then it cost you 40k. If you have to finance the car, it's no longer 34k. You wouldn't be able to leave the dealership with it without the added expenses to the car unless you pay cash. It's pretty black and white.
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Spin it how you wish, ts a 34 k sticker car. Thats what Dom and everyone posting asked...
__________________
86 GT 374 Billet "W" w/ 72MMs
90 GT 351 Dart short stroke w/ YSi
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04-09-2014, 02:25 AM
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#4
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Senior Member
Join Date: Jul 2013
Location: Harker Heights, TX
Age: 29
Posts: 377
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Originally Posted by SlowGreyGT
The market maybe 200k, but if you pay 350k for the house, then that is what it cost you. Same for the car. If the car is 34k, but it costs you $40k due to everything added on to it, then it cost you 40k. If you have to finance the car, it's no longer 34k. You wouldn't be able to leave the dealership with it without the added expenses to the car unless you pay cash. It's pretty black and white.
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Might as well include fuel, insurance, maintenance, and repairs too. Then it's like a $65-70k car over the average loan term
Last edited by garner; 04-09-2014 at 02:28 AM.
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