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Probably one of the worst pieces of financial advice I've ever heard anybody give is trying convince somebody without the means to use up all their cash on an old high mileage car, hope nothing goes wrong with it, then once it's paid off, pretend they'll never need to replace it. People then use up the car payment savings without earmarking it for the eventual replacement of the vehicle. Then it becomes a shock when they're faced with another car payment, they then get another busted old car, and start the process all over again. It's terrible advice.
Not so, if you own your car outright and you get laid off or "downsized" your car is yours, if you are still making payments you will lose your car and all the money you have paid on it thus far(it's not yours until the final payment) .
When I read your original post, my silly female brain thought you were actually trying to have a conversation. With each page, it has become even more clear to me that this thread was created with the sole intention of bashing women.
Here we are, talking about how ridiculous it is for women to buy a car that was manufactured in the past decade, and then you post this.
Men are the ones who buy static items while women pay for experiences, huh? I thought the whole problem that inspired this thread was that women are the ones who spend too much on cars. Now, is a car a one-time "experience," or is it a big hunk of metal that you park in your driveway and use over and over again?
And although they are certainly all depreciating assets, are you trying to say that buying a Playstation 4 and a set of skis (that will probably get used twice and then stuffed in the garage somewhere) is an acceptable way to spend money, but buying a reliable car to drive to work each day is not?
By the way, if women are the ones who waste money on nights out, I wonder who keeps strip clubs running?
It's like you're so busy creating hypothetical scenarios in which men are financially superior to women that you don't even realize that you're contradicting yourself.
Actually from the first OP I never said all men were financially superior, infact early on I said the people who go the MOST overboard with cars tend to be guys, I pretty much said that in the first post, and looking at some of the GUY's arguing back and fourth it kind of proves that point.
So I was just curious as to why you have guys driving every level of car from a "2018 Lotus" to a "1919 GetoutNpush" but women tend to stick from the top to the upper middle of that spectrum.
Yes I know some tomboyish types who have older cars"because they want/like them" and don't mind working on them(pre-90's cars are easier to work on), but it seems rare.
Men who don't have women in their lives don't have to expend nearly so much for this "status" thing. A typical guy is usually content to drive a beater and live in a cheap place, with old furnishings, until a woman comes along and puts an end to his easy living style.
You're obviously not a car guy. An example is pretty much everything you've listed is the complete opposite of what somebody who really enjoys cars would say. You see cars as an appliance, that's pretty clear. You can keep whining about it but basically the things you respect and envy, I clearly don't. Not that it should matter, so I'm not sure why you seem to be taking this so personal. You can drive a 12 year old car, but I'm not. I'll assume you're driving it because you're barely scraping by, but that shouldn't matter to you anyway.
What isn't subjective however is not considering a car payment a perpetual thing. Your car will wear out. It doesn't matter if you keep it well maintained and keep it for 50 years. It will need to be replaced. You can either finance it again, lease it, or dip into your crazy huge stacks of cash under your mattress from all those years of savings and pay cash for it. It will not last forever. You will one day have to say goodbye to your 2009 Kia and get something else. Whether you decide to replace it with a Ferrari or a bicycle is your preference and what you can afford, but it will be replaced and you will incur some kind of transportation cost.
Probably one of the worst pieces of financial advice I've ever heard anybody give is trying convince somebody without the means to use up all their cash on an old high mileage car, hope nothing goes wrong with it, then once it's paid off, pretend they'll never need to replace it. People then use up the car payment savings without earmarking it for the eventual replacement of the vehicle. Then it becomes a shock when they're faced with another car payment, they then get another busted old car, and start the process all over again. It's terrible advice.
Fact: driving a car 10-12 years does prevent one from being a “car person”. There’s no requirment to constantly have a car payment. And frankly, who cares if one is a “car person” or not.
No one is saying YOU should drive a car 12 years. I’m simply saying that it saves a significant amount of money and modern cars are certainly reliable enough to last that long.
Yes, a car will eventually need to be replaced but replacing a car every 12 years is significantly less expensive than a constant car payment. There’s no denying it. It’s basic math.
Not so, if you own your car outright and you get laid off or "downsized" your car is yours, if you are still making payments you will lose your car and all the money you have paid on it thus far(it's not yours until the final payment) .
And let’s face it, if you’re rather strapped for cash, you will be required to take some risk if you ever want to get ahead. Does it make sense for a person making $25k/year to take on a $350 car payment? That’s $4200. Full coverage insurance will be another $600/year. Property tax will likely run another $225. That’s over $5000/year going toward a car. Now throw in typical expenses like rent (1000+/month) food (400+/month), gas ($150+/month), utilities ($250+/month), etc and you have a person that is stretched beyond their means and likely getting by with credit cards. One small bump in the road and they lose everything.
This was pointed out to me during a conversation about how being "Mr.Fixit" is not as appealing to women as it was for previous generations like the old saying "if she don't find you handsome at least she can find you handy", anyway it was pointed out that most women drive new cars that Joe Shadetree can't work on beyond minor stuff. Well I actually thought about women I know, women I've dated(who had cars) and I starting just paying attention when I'm out driving or Cycling to the women driving or getting in and out of cars.
Well that guy was right for the most part, on average most women I see out and about are in cars no older than 2010ish, you see an 86 escort driving by 9 times out of 10 it's gonna be a guy driving it.
And while it seems the most high end cars are driven by men so are the vast majority of beaterz(2X4 as a bumper, coat hanger as a car antenna etc etc). Even lower income women(service workers, like fast food or waitress types) seem to have newer cars or they get rides to work but not much in between.
The only main exception I've noticed is older retired women.
Why do you guys think this is?
My car is a 2008. Not retired. Sister drives a 2009. Not retired.
Darn straight! We dont want to be stranded in an older car. Simple.
Definitely nothing to do with it for me. I've always bought new, and driven it till it is done. I hate car payments, and I have a lot more important things to spend my money on that a new car (which depreciates faster than you can spit). I buy a good reliable car. I mean, unless you get a lemon, you take car of it, and it takes care of you.
Back in the day women were impressed if you can fix things like cars, plumbing, roofs, electrical.
Today women are impressed if you can pay for it
Wow that is just SO not the case. Women are far more impressed nowadays if you CAN fix ^^ that stuff...because SO FEW MEN THESE DAYS CAN. (Except for the older dudes!)
Perception. Newer cars are perceived to have fewer issues. Most women I know dont want to break down with their kids on the side,of,the road, therefor they tend to purchase a vehicle with less risk factors.
Perhaps Because women are fearful of being stranded and the boogie man coming along and harvesting their organs or whatever? It's true that they seemingly favor late-model, cheaper, Asian-made vehicles with a reputation for reliability-depressing appliances. Men tend to drive vehicles a few years older, but far cooler and diverse on average. Of course there's always the outlier dude who rolls a 'Rolla or similar soulless econobox.
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