Recruiting Football Talk VIII

[WesTnVol]

I want to see how Nico performs AT Oklahoma and his response if Tennessee gets behind in 2nd half the game. I understand all this hype in camp but it's practice not live game action.

First SEC game and on the road that's a big opportunity to show his talents on the National Scene as a RS Frosh.

Really like this
The 22 season is a perfect example Pitt-Bama got behind but never felt “all was lost”
Hendon Hooker doesn’t get the praises he deserves

 

[volinexile17]

This is an interesting subject. Studies show that 80% of millionaires in America are first generation (not inherited). Of those, about 25% drive vehicles that are at least 6 years old. Of those, Honda and Toyota are the most common makes.

The takeaway is the average person is less likely to achieve a $1M+ net worth by driving brand new, expensive vehicles. High net worth individuals use the money for investments in appreciating assets and drive modest vehicles.

I see some nice vehicles on the road these days. People are willing to pay $1000+ per month to drive them. Maybe they make more income than me, or maybe they’re sacrificing the future for now. I dunno.

Not saying I disagree, but that’s a lot of logical leaps based on very little data.

 

[HoleInTheRoof]

Why does Rob sound like Fred Flintstone when he talks?

Rob sounds like he’s got a ten pound tongue when he talks. Struggles to get most worlds out.

 

[Ulysees E. McGill]

Ive always wanted a Toyota Supra, for some odd reason. They looked wicked.

Yep...I did too back in the early 80s..one of my older cousins had one.

 

[VolGee4]

Not saying I disagree, but that’s a lot of logical leaps based on very little data.

Yes, and there are many people who aren't quite millionaires, who drive nice cars and can afford it. It's just preference. Some people I know don't want to worry about what will happen with a car over 100k miles, so they buy new or lease.

 

[Jack Burton]

Not saying I disagree, but that’s a lot of logical leaps based on very little data.

It’s a big factor because of opportunity cost. High income households can probably absorb high car payments and still build wealth. Incomes in the more median level typically can’t pay $1000 month for a vehicle while investing for the future and paying down a mortgage. Usually something gets neglected and sets back the net worth building.

 

[drvenner]

It's pretty well known that most pirates can't spell. I'm fact, most of them can't even recite the alphabet. Almost all of them get lost at C.

 

[Brillovol]

Good afternoon, National Champions.

 

[Lloyd_Christmas]

Friend of mine bought a new Tesla last year. After 6 months it would no longer charge. He bought another new Tesla 2 months ago. It caught fire and burned his garage down.

I agree with you. No to new vehicles.

Or maybe don't buy a Tesla?

 

[knoxvol52]

Prices have leveled out a bit. Most of those insane prices were due to inventory issues. Manufacturers are keeping up with stock, demand has slipped but prices hvent gone back to normal in new car market.

Used cars seem to be about 5-10% more than compared to before Covid.

We paid $26K for our 15 Sienna, with garage kept 100K. Which I thought was a rape. We would prob pay $24K now.

But I could be wrong since im not on the market and checking constantly.

My father bought me a Brand New Ford Ranger 2 wheel Drive 5 speed standard cab in 1985 as my first automobile. Drove the truck for 15 years never broke down. I loved that truck.

 

[JCVol00]

For me it really depended on the value. For example, I bought my VW Golf brand new because used in the range I was looking for (2-3 years) was either about the same or just 1k or 2 less, in some cases slightly more, than what I was going to be able to purchase new for. I got mine close to the model year change at a high volume dealer outside of Atlanta. I was able to get mine for about 17.5 whereas the same car in Tennessee was running around 22-23k. If you are willing to drive or travel, it pays to look out of state.

Edit: Oh, another tip. Never buy the first model year. Often lots of kinks to work out. Not sure why that is. You would think they would test the crap out of them before realeasing them (that is mostly a rhetorical statement, pretty sure I know why).

You talking about like a whole new model (like a maverick) or a new generation of a car, like the toyota tacoma’s just came out with the Gen 4 style

 

[drvenner]

Daily drivers are a ‘07 Highlander and a ‘10 CRV. Both fantastic in their own right. Just hit 150k on the Highlander, and ready for the next 150k.

Next on the list is a Taco. Now if I can find one that’s affordable…

 

[JCVol00]

The fact that they are all insanely overprices. The fact that there is a new-auto bubble that is in the process of bursting as we type. The auto companies have an INSANE amount of back-stock on lots right now because no one is buying their overpriced products, yet the dealers can't negotiate lower prices to get rid of them. It's insane.


Remember back in '08 when people bought homes at inflated prices, and the market burst, leaving them in massive debt, with massive reverse-equity, and unable to sell their way out of it? That's basically what's happening in the 8-year-loan, $50,000+ auto market. (And I'm not talking about depreciation. I'm talking about a market bubble reset that'll be so much worse than the depreciation.)

If im understanding what you’re saying correctly, the values of cars will drop significantly within a few months because of supply & demand? Or am I getting it backwards and the price and apr will skyrocket?

 

[Orange_Crush]

Not saying I disagree, but that’s a lot of logical leaps based on very little data.

Stats show that people in this economy are generally living on credit to keep a relatively similar standard of living to what they had pre-covid/inflation. Auto loan defaults are skyrocketing. Auto repossessions are skyrocketing. Even dealer-repossessions (where auto makers are taking stock back from dealers b/c dealers can't afford to pay for the cars on their lots that are remaining unsold).

The fact of the matter is that the auto industry is a bubble that's bursting, and very few people can afford a new vehicle, whether they realize it or not. (Face it, the average American is HORRIBLE with their finances and won't admit to themselves that they can't afford their lifestyle.) The wife and I drive used cars even though we could buy ourselves new ones in cash right now if we wanted to. But we'd rather have the savings for early retirement. The fact of the matter is that a new car purchase is a horrible investment, even for those that can afford it. It's absolutely asinine for young or less fortunate folks who will struggle to do it.

 

[Orange_Crush]

Ideally, I’d like to buy a new one, since I’ve never bought a brand new car and id like to have it for 10 years. Im 24, and the only vehicle I’ve owned is a 2004 dodge truck. I have heard that dealerships are outrageous with their mechanic fees, so even if I did buy new id probably take it to the family mechanic unless it was something included in the package

Don't buy new. When I was younger, I bought a new car for the exact same reason, because I had never had a new car. Well, I've never caught the clap either, and that's not a good reason to go end up at the health dept, burning when I pee.

At the end of the day, that new car will not be new for long. Seriously. Literally. Then you have a huge car payment for a used car instead of a reasonable (or no) car payment for a used car.

 

[Lloyd_Christmas]

Besides the car/truck losing value, what are some other reasons to buy used over new? Genuinely curious, im trying find the best option go go with

It really depends on a lot of different things. If you're planning to keep it a long time and you're only looking for a current generation of the vehicle you want (in other words, a new one would have the same design and features as one that's three years old), then it makes more sense to me to get a new one. You get the benefit of the factory warranty and knowing the vehicle's full history. There's also a lot of good deals on new vehicles right now because sales are down. Obviously, the dealer won't just give you a great price so you have to do your homework, but they have a lot of incentives from the manufacturer to move vehicles.

Now...I've seen Toyota Tacoma and Chevy Colorado mentioned. I've looked hard at the new mid-sized truck market because my wife is actually considering getting a new mid-size truck. The nicest overall is the Colorado/Canyon if you go mid trim level or above. However, they're still having a lot of electrical gremlins with all the tech stuff they've put into those trucks. For the Tacoma, there's a lot of complaints about the new turbo 4 cylinder and a lot of quality control issues. They're made in Mexico. Despite that, they're still the highest price...you pay for that Toyota badge. The Nissan Frontier doesn't have a lot of bells and whistles, but it has a really reliable V6 and powertrain and will be getting some nice upgrades for the 2025 model year. For longterm reliability, we're probably going to go with the Frontier but hold out for the 2025 version. The only consistent complaints I've really seen about the current gen Frontier is that the steering feels a little heavy.

 

[screenthis]

OK, if any of youins are in the market for a BMW, gently used is definitely the way to go. Huge mark down. Course, repair costs are an arm and a leg.

 

[Orange_Crush]

If im understanding what you’re saying correctly, the values of cars will drop significantly within a few months because of supply & demand? Or am I getting it backwards and the price and apr will skyrocket?

Don't know. They haven't to this point. The manufacturers have been bull-headed in refusing to lower prices. Though, they've played paddy-cake with some minor incentives.

You don't know me, so feel free to tell me to kick rocks. But even if new car prices do lower, don't buy new. Even if the prices lower a bit, it's still a terrible investment. You'll pay for a new car and immediately be driving a used car while still paying for the new car.

ETA: And warranty... Imagine you do a lot of research, shop well, and find a nice 10-12 year old vehicle with ~150,000 miles on it. You pay $8,000 for it. It's in good shape, with all service records. You do service on it and pay out of pocket for repairs as they happen. How many repairs will you need to pay for to make up for the extra $40-$50k you'd be spending on a new vehicle? How many times could you replace that $50,000 vehicle with another $8-10k vehicle in the 10 years you say you want to keep the new one?

Now, say you save your money and buy the $8000.00 used vehicle cash money?

If you were to take out a $50,000 auto loan for 6 years at 5% interest, you are actually paying over $8000 in just interest. So, in comparison the used vehicle bought cash for $8000, if you keep it for 6 years, is basically free.

 

[Orangeburst]

My father bought me a Brand New Ford Ranger 2 wheel Drive 5 speed standard cab in 1985 as my first automobile. Drove the truck for 15 years never broke down. I loved that truck.

Standard cabs are great. When it rains, the dog gets the cab and the wife rides in the bed.

 

[Gus D's kernbred]

Do any of you have classic cars?

I have a rusty 1950 Ford woodie that I was going to rat rod. It is now yard art. I have a 1960 Edsel Villager wagon. I bought it from the original owner. I also was working on a 1970 Cougar, but have sold back it to the previous owner who was painting it. I have owned too many to list. I love classics!

 

[BabyGirlVol]

Dont need to waste time reading.

Inevitable last minute playground rules to benefit Bama and Georgia.

Correct

 

[Big Orange#1]

Besides the car/truck losing value, what are some other reasons to buy used over new? Genuinely curious, im trying find the best option go go with

Used vehicle would give you smaller monthly payments if you are taking out a loan. This gives you more money left over every month to keep as your own and put into investments like an s&p500 index fund or a high yield savings account for your emergency fund or savings goals. (High yield savings accounts are paying 4-5% interest right now). You basically want to put some money every month into investments that appreciate in value so you can eventually be financially free/retire.

 

[VolsnCards5]

I don’t remember Nico being first overall

 

[BabyGirlVol]

Top averages per player
1) Bama 93.79
2) Ohio State 93.29
3) Georgia 92.83
4) Texas 91.98
5) Notre Dame 91.14
6) Clemson 90.89
7) LSU 90.86
8) Penn State 90.70
9) Oregon 90.42
10) Texas A&M 90.36
11) Florida 90.09
12) Oklahoma 90.07
13) Michigan 89.96
14) USC 89.91
15) Miami 89.65
16) FSU 89.63
17) Tennessee 89.54
18) Auburn 89.30
19) Ole Miss 88.84
20) UNC 88.78

Florida has plenty of talent. There’s a misconception they about that. Coaching is another story

 

[Orange_Crush]

Standard cabs are great. When it rains, the dog gets the cab and the wife rides in the bed.

Either you have an unhealthy relationship with your wife, with your dog, or both.