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svelteParticipant[quote=scaredyclassic]
I guess I can wait a year. But I was thinking, if I lease, maybe it’d be good to keep my old car as backup, to keep total mileage down if necessary on the leased car, also just to have an extra car for visitors, breakdowns.[/quote]
Absolutely! We do that quite often – keep the old car until we are absolutely convinced we won’t need it.
I just went into the Mach E configurator. To get one like we’d like (glass roof, bigger battery) I’m looking at over $60K, not the entry level $45K. Maybe I can do without the bigger battery, have to think about that.
Then I went to see what is in stock. Dealers are wanting $10K over MSRP! Yes I think I will wait a year…
svelteParticipant[quote=scaredyclassic]It’s all so complex, maybe I should just drive my old car.
I’ve never negotiated a lease. Are advertised lease deals negotiable in reality[/quote]
People get deep down in the formulas and all that.
I don’t bother. I go dealer to dealer and let them quote me their best deal on the car I want. Then I go home. Within a week they are calling to see if I’ve decided and I stay noncommittal and ask for a better price.
Sooner or later it becomes clear which car I want and which price I can live with so I go with it.
We’ve only started leasing in the past 6 years. One lease we turned back in and we are getting ready to buy the car on the current lease. After 3 years with the car we’ve decided we want to keep it.
Our next car will be electric and we’ll no doubt lease that one. I’m not going to buy right now as prices are dropping and we are in no hurry. We’ll wait until unemployment rises and car lots are brimming with unsold cars. Then we will be in the best negotiating position. I figure that is about a year off.
svelteParticipant[quote=Coronita][quote=scaredyclassic]
Will a Lexus make me seem like an old white guy?[/quote]
Yes. But just “old white guy”…
…not “Grandpa old white guy”…unless you buy the Lexus LS….[/quote]
Are you kidding? All Lexus owners I know are retirement age with little white dogs! Definitely grandpa territory!
svelteParticipantNeighbor bought a 2023 Kia Sportage hybrid 2 weeks ago. Looks good on the outside and the interior is top notch! If you are going to consider a hybrid, I would at least look at it.
I watch the car industry pretty closely (as do several piggs) and the word on the street is that hybrids are not long for this earth.
The reason is that auto companies predict that EV production costs will be less than ICE by 2025. If that is true, then hybrids will be more expensive that ICE or EVs. Reason? Hybrids will have all the parts of an ICE car and EVs too. If an EV can be produced cheaper than ICE, no reason for hybrids.
None of that matters if you lease because you’ll turn it back in in 3 years, but if you buy it will accelerate the depreciation of your hybrid.
svelteParticipant[quote=scaredyclassic]Then, environmentally, it sounds like we are making giant pieces of junk for the landfills pretty soon. Big giant obsolete computers with wheels.
There’s so much energy embedded already in my 2012 Accord, it’d take a lot of e vehicle driving to offset it. Driving an electric vehicle is probably no environmental good, at least in my case.
Maybe the best thing all around is just a cheap sedan. Hyundai Elantra. Lease it.[/quote]
No matter what car you get, I think leasing is the way to go now. Technology is changing so fast that I agree with flu – we’ve probably reached a point where new cars will be obsolete and heading for the crusher in 10 years.
It is one of the dirty little secrets about “green” EVs.
I also harbor a small suspicion that older ICE cars may become more valuable in 10-15 years…because they don’t rely on an overabundance of chips and other electronics that are no longer manufactured. They can march on as long as a gas station can be found.
svelteParticipantWent out with a friend last night and he had just bought a Mach E three days ago. First time I had been in one – I was quite impressed! Nice leather, car was quiet and smooth. Great visibility out.
He got a base model for about $45K and he is extremely happy with it. I sat in the back seat and I can tell you there was plenty of leg room and head room. You can get at least four people 6ft+ in that car comfortably. The fifth person in the center back would be a little less comfy but still not bad.
Sounds like you have about a 100 mile round trip commute…even the base Mach E has 224 range so you can just recharge at night at home no problem. Could get to 312 miles of range if you bought the bigger battery pack.
Anyway, based on that one ride last night the Mach E has bubbled up to the top of our list.
svelteParticipantWe stayed away from stores completely.
Went out to dinner which was lovely – very quiet night at the restaurants!
svelteParticipantYou don’t say how long your commute is round-trip.
With the plethora of choices gas, hybrid, EV, that is an important consideration that needs to be factored into your decision.
November 19, 2022 at 7:46 AM in reply to: Reminder: People never shut up about crypto gains, never mention the losses #826965svelteParticipant[quote=Coronita]
Greed….I think when the dust settles, it’s pretty clear that what crypto has become is basically get rich ponzi scheme. Whatever original altruist attempt at a digital secure currency for some altruist social benefit has long past the moment people started trying to create their own currency and NFT in the quest to get rich quick.
This shit needs to be regulated so the idiots of the world don’t get burned as easily moving forward…
The other part that is really said is if you go to social media like IG and Facebook, etc you have a bunch of unlicensed kiddie trying to push the ill-informed about crypto and trying to get people to buy… In the financial industry, pushing for financial products has to be licensed and regulated to some extent….It’s the wild wild west on IG and Facebook, and frankly, IG and Facebook bears some responsibility for letting this sort of ill-advised finance “advice” persist and spread throughout their platform.
They should be heavily fined too.
You know when the biggest least financially savy people start cheerleading about how easy it is to make a lot of money gambling in something…then it’s time to get out…It’s like the “water-cooler stock market advice by the office receptionist theory”….If the at the office water cooler, everyone’s talking about how easy it is to make money in the stock market, even the least financially savy people…it’s time to get out.
For me, I’m old school and agree with Warren Buffet on crypto. I won’t touch it..Well $100 tops, is what I have on dogecoin and sushiswap, he he.[/quote]
Agree with virtually all of that.
Last year I had a few friends come up to me very excited about how they got into crypto – dogecoin, etherium, bitcoin, etc. I told them it was my opinion they should only put in “play money”, an amount similar to what they would take to Vegas and not get heavily invested in crypto. I’m even more of that opinion now. 🙂
And if the kind of wrecklessness witnessed with the companies who invested in FTX is indeed common far beyond FTX and crypto as has been suggested elsewhere in this thread, then the world is going to feel much more pain going forward.
I agree with Jeff Bezos – he recently said people should keep a hefty reserve of cash right now because things are going to tank hard soon.
svelteParticipant[quote=sdrealtor]My house is clearly the answer. Wine stored for two decades of consumption[/quote]
Bonus points if that is stored in a wine cellar that can double as a fallout shelter!
November 17, 2022 at 4:27 PM in reply to: Reminder: People never shut up about crypto gains, never mention the losses #826960svelteParticipantCould this possibly be true?
The Bahamas ordered Bankman-Fried (and is that name for real? Seriously?) to transfer all FTX assets to The Bahamas when it filed bankruptcy?
This thing gets more bizarre every day!
How in the world did he convince some of the biggest institutions in the world to give him millions of dollars? It boggles my mind.
svelteParticipantRepublicans are in a tough spot. Just as has been pointed out.
He will shred to pieces anyone who challenges him.
But he can’t win. I saw a good quote the other day – there are too many people who will crawl through broken glass just to vote against him.
svelteParticipantthat just might work flu!
It’ll never happen but it would be fun if it did!
svelteParticipantTrump has apparently played his last Trump card.
He announces his 2024 candidacy and not one person on here mentions it.
I think everyone but his core group doesn’t take him seriously any more.
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