The Money Mustache Community

Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: KBecks on March 27, 2019, 04:03:20 PM

Title: When FB friends talk about buying cars
Post by: KBecks on March 27, 2019, 04:03:20 PM
Do you intervene?  Someone posted about going to look at new cars today.  Then this afternoon they say they got pre-approved for financing from a certain dealer.

Ugh.

I commented on the first post to look at private sale
I commented on the second post not to marry a dealer over financing and to shop around for vehicle price.

Double Ugh.

This is an acquaintance.  They are not going to listen to me.  Why do I bother?

But I wish I had something to share that would be effective but not preachy.
Title: Re: When FB friends talk about buying cars
Post by: cats on March 27, 2019, 04:43:54 PM
I guess I am lucky that I haven't seen posts from friends about buying cars on FB in a looooooong time.

In general, I avoid posting/commenting money advice on FB unless it is asked for.  Like if someone posts "we need a new car, any thoughts on how to do it most affordably?", that's worth commenting on.  Honestly when they get to the point you describe, they're past no return.
Title: Re: When FB friends talk about buying cars
Post by: ender on March 27, 2019, 06:15:53 PM
Keep in mind that even though it might be a fairly terrible idea by MMM standards, most people don't like someone else coming in and shitting on their excitement.

If you don't acknowledge that excitement/energy that your acquaintance is almost assuredly feeling, all commenting does is piss them off.
Title: Re: When FB friends talk about buying cars
Post by: gooki on March 28, 2019, 02:20:49 AM
Good on ya. You may not convert them, but another reader may pickup on your wisdom.
Title: Re: When FB friends talk about buying cars
Post by: Metalcat on March 28, 2019, 05:20:06 AM
It's not dissimilar from someone posting a photo of drinking beer and eating a huge plate of ribs and a personal trainer acquaintance piping in with nutritional advice and encouraging the person to go to the gym.

If you're okay being that guy, then go ahead, but know that you are being that guy who "knows better" than the person actually making the lifestyle choice for themselves.
Title: Re: When FB friends talk about buying cars
Post by: Linea_Norway on March 28, 2019, 05:46:29 AM
Keep in mind that even though it might be a fairly terrible idea by MMM standards, most people don't like someone else coming in and shitting on their excitement.

If you don't acknowledge that excitement/energy that your acquaintance is almost assuredly feeling, all commenting does is piss them off.

Sometimes a person can get into trouble even if they don’t comment. My spendthrift sister replaced her BMW with a new one, and she got upset with me that I didn’t call or text to congratulate her.

It is very unmustachian to want to be congratulated on the purchase of a car...
Title: Re: When FB friends talk about buying cars
Post by: jinga nation on March 28, 2019, 06:34:01 AM
Keep in mind that even though it might be a fairly terrible idea by MMM standards, most people don't like someone else coming in and shitting on their excitement.

If you don't acknowledge that excitement/energy that your acquaintance is almost assuredly feeling, all commenting does is piss them off.

Sometimes a person can get into trouble even if they don’t comment. My spendthrift sister replaced her BMW with a new one, and she got upset with me that I didn’t call or text to congratulate her.
She wanted affection and affirmation on her purchase of a rapidly depreciating bauble. You should tell her that you only provide such terms of endearment when you get to sit in said shiny bauble and get a whiff of that new car "fragrance".

I agree with @ender, don't be a buzzkill.

I don't offer opinions unless solicited for them (unpaid of course). Then it's just damn brutal. If they ask why am I so harsh, I tell them they rubbed the magic lamp incorrectly so mad genie is who they got.
Title: Re: When FB friends talk about buying cars
Post by: NorthernMonkey on March 28, 2019, 07:57:26 AM
By 'normal' standards, what you're suggesting in crazy. Why would you not want the best car you can have.

Unless you know that person well, you're probably on a hiding not nothing
Title: Re: When FB friends talk about buying cars
Post by: Just Joe on March 28, 2019, 08:47:32 AM
Keep in mind that even though it might be a fairly terrible idea by MMM standards, most people don't like someone else coming in and shitting on their excitement.

If you don't acknowledge that excitement/energy that your acquaintance is almost assuredly feeling, all commenting does is piss them off.

Sometimes a person can get into trouble even if they don’t comment. My spendthrift sister replaced her BMW with a new one, and she got upset with me that I didn’t call or text to congratulate her.

Good gosh. Catch-22!
Title: Re: When FB friends talk about buying cars
Post by: DadJokes on March 28, 2019, 10:13:03 AM
Keep in mind that even though it might be a fairly terrible idea by MMM standards, most people don't like someone else coming in and shitting on their excitement.

If you don't acknowledge that excitement/energy that your acquaintance is almost assuredly feeling, all commenting does is piss them off.

Sometimes a person can get into trouble even if they don’t comment. My spendthrift sister replaced her BMW with a new one, and she got upset with me that I didn’t call or text to congratulate her.

"Congratulations on your terrible financial decision!"
Title: Re: When FB friends talk about buying cars
Post by: Bloop Bloop on March 28, 2019, 07:41:32 PM
If someone is buying a new car you don't know whether he or she is in the 10% of owners who are financially comfortable and have thought about the pros and cons of buying a new car, or the 90% of owners who probably do it despite it being financially sub-optimal.

So I wouldn't rush to judgment.

I wouldn't comment at all on someone's Facebook status unless I also wanted others to critique my appearance every time I post a picture of myself, or my choices in travel/accommodation if I post while on holiday, or my ability to juggle work/life balance every time I'm on Facebook when I should be working.

In other words, I don't believe in giving others advice that is unsolicited, even if the advice is probably correct.
Title: Re: When FB friends talk about buying cars
Post by: ShoulderThingThatGoesUp on March 28, 2019, 07:54:48 PM
The only thought you’ll put in their head by popping in to tell them not to buy a car is “Fuck that guy.”
Title: Re: When FB friends talk about buying cars
Post by: calimom on March 30, 2019, 05:41:50 PM
What a stupid thing to be talking about on FB anyhow! Buy whatever you want, just don't prattle on about it. Blech.
Title: Re: When FB friends talk about buying cars
Post by: Linea_Norway on March 31, 2019, 09:33:53 AM
What a stupid thing to be talking about on FB anyhow! Buy whatever you want, just don't prattle on about it. Blech.

One of my Facebook friends just posted that he had finally received his new Tesla. He didn't mention how it was financed. I didn't congratulate him.
Title: Re: When FB friends talk about buying cars
Post by: clarkfan1979 on March 31, 2019, 11:24:19 AM
It's not dissimilar from someone posting a photo of drinking beer and eating a huge plate of ribs and a personal trainer acquaintance piping in with nutritional advice and encouraging the person to go to the gym.

If you're okay being that guy, then go ahead, but know that you are being that guy who "knows better" than the person actually making the lifestyle choice for themselves.

This is a great analogy.

About 5 years ago, I posted on facebook boasting about my latest car purchase. It was a 2003 Pontiac Vibe with 165K miles, with a purchase price of $2,500. I got mostly encouragement. However, there were definitely a few people that made fun of me because most of my friends buy cars in the 40K to 60K range.
Title: Re: When FB friends talk about buying cars
Post by: JAYSLOL on March 31, 2019, 11:43:16 AM
I don't bother commenting when someone already posted their new vehicle or have their heart set on one and are so excited about ruining their life with the better part of a decade financing an enormous SUV that they've posted pictures on FaceBook, all hope is already lost at this point anyway.  If someone is simply asking about car buying advice, ill give it tactfully, but i'll only be brutally honest with someone who is a close friend and I'd only do that in person or a private message, not publicly under the photo of their new car or whatever. 

I have a former classmate (we are not close) that has an absolutely horrendous financial history that they have shared over many posts on Facebook.  I have never once commented or sent them a message about their many insane decisions, we aren't close and nothing I have to say will change their mind no matter how good the advice is.  I've noticed over the years posts about only being able to pay off their debts if they win the lottery, posts complaining about their "loan place" (payday loan place), posts complaining about working too many shifts because they need the money, posts about the pile of new electronics they just bought (65" 4k TV etc), posts about how they can't get by with the amount of subsidy they get, and then theres the posts about their constantly revolving list of unmustachian, financed brand new trucks and SUVs that they are always under water on, which in the last year have included a brand new Jeep Cherokee, a brand new Dodge Ram 1500, and a brand new Dodge Durango, and then more posts about being broke.  I'm not going to comment, I'm just also not going to congratulate them on their dumb choices. 
Title: Re: When FB friends talk about buying cars
Post by: Bloop Bloop on March 31, 2019, 05:39:06 PM
What a stupid thing to be talking about on FB anyhow! Buy whatever you want, just don't prattle on about it. Blech.

One of my Facebook friends just postet that he had finally received hir new Tesla. He didn't mention how it was financed. I didn't congratulate him.

I don't think you're required to congratulate anyone, but how exactly does one stipulate in a FB post how it's financed? Is your friend meant to say "Finally received my new Tesla. Got a great deal on it following the recent price drop. Oh yeah, paid in cash too, in case you were wondering." I mean, that would seem to me to be more obnoxious than anything else you could say. Because it would be bragging.

Likewise, many here seem to think an expensive car has to put the owner out. Not necessarily. The person might just have a lot of money and really like cars, like many of us on this forum who are financially savvy, FIRE or nearly so, and yet still buy high 5 figure/6 figure cars.
Title: Re: When FB friends talk about buying cars
Post by: Metalcat on March 31, 2019, 06:34:47 PM
Is congratulating adults on buying cars a thing??
Title: Re: When FB friends talk about buying cars
Post by: Bloop Bloop on March 31, 2019, 06:52:42 PM
Is congratulating adults on buying cars a thing??

I congratulate my friends on buying a car, house, getting engaged or other things that have meaning to them, even if in many cases (cars/engagement ring/certain houses) they are (arguably) not "optimal" uses of money. I'm not one to judge what brings happiness of my friends.
Title: Re: When FB friends talk about buying cars
Post by: Montecarlo on March 31, 2019, 07:00:20 PM
In the past month I’ve talked one friend out of buying a laptop and another out of buying a house.  The first was an au pair who makes $200/week and wanted to buy a $1,600 laptop.  The one who wanted the house hates the city she lives in and is only in there for residency, and has over six figures in med school debt.
Title: Re: When FB friends talk about buying cars
Post by: Bloop Bloop on March 31, 2019, 07:04:02 PM
I think it's fair to say that if any of my friends showed that level of gross stupidity I would unfriend them very quickly.
Title: Re: When FB friends talk about buying cars
Post by: Metalcat on April 01, 2019, 04:29:58 AM
Is congratulating adults on buying cars a thing??

I congratulate my friends on buying a car, house, getting engaged or other things that have meaning to them, even if in many cases (cars/engagement ring/certain houses) they are (arguably) not "optimal" uses of money. I'm not one to judge what brings happiness of my friends.

I wasn't questioning whether or not something is optimal, I've just never heard of congratulating someone for buying a car unless it was a young person buying their first car.
Title: Re: When FB friends talk about buying cars
Post by: ChpBstrd on April 02, 2019, 08:26:01 PM
I should start posting every two weeks when my 401k deposit is made.

"CHA CHING BITCHES! $750 richer just like that! See y'all later this month and we'll do this again!"
Title: Re: When FB friends talk about buying cars
Post by: Bloop Bloop on April 02, 2019, 09:27:42 PM
I should start posting every two weeks when my 401k deposit is made.

"CHA CHING BITCHES! $750 richer just like that! See y'all later this month and we'll do this again!"

This is something I wish was more socially acceptable.

But if you're minded to brag on social media (why not, everyone else does), just post pictures of your Monday morning every Monday morning after you FIRE.
Title: Re: When FB friends talk about buying cars
Post by: Parizade on April 28, 2019, 12:41:48 PM
By 'normal' standards, what you're suggesting in crazy. Why would you not want the best car you can have.

A friend of mine has been trying to talk me into getting a new car and used almost those exact words. "Why wouldn't you buy the best car you can afford? Why wouldn't you?" I didn't answer the question, one because I knew it was meant more as a statement and two because my answer would have gone something like this: "I wouldn't buy an expensive fancy car because I don't want to have an anxiety meltdown when I find out my property taxes have gone up again... like you did last month, remember? And I don't want to run out of money in retirement and have to go back to work like you had to do, remember?"

She's not Mustachian but I still rather value her friendship so I simply told her I'm planning to upgrade next  year.
Title: Re: When FB friends talk about buying cars
Post by: Linea_Norway on April 29, 2019, 12:39:04 AM
By 'normal' standards, what you're suggesting in crazy. Why would you not want the best car you can have.

A friend of mine has been trying to talk me into getting a new car and used almost those exact words. "Why wouldn't you buy the best car you can afford? Why wouldn't you?" I didn't answer the question, one because I knew it was meant more as a statement and two because my answer would have gone something like this: "I wouldn't buy an expensive fancy car because I don't want to have an anxiety meltdown when I find out my property taxes have gone up again... like you did last month, remember? And I don't want to run out of money in retirement and have to go back to work like you had to do, remember?"

She's not Mustachian but I still rather value her friendship so I simply told her I'm planning to upgrade next  year.

Yesterday I was thinking about giving people a perspective of saving 70% of your income. Suppose you earn 1M $ a year, would you then seriously upgrade your spending to ensure you spend that much every year? Or would there be an amount where you would set aside a sum to invest? At a certain moment, your spending would become outrageous for your own standards. For us who save a lot of our income, those standards are lower than most people's.
Title: Re: When FB friends talk about buying cars
Post by: boyerbt on April 29, 2019, 06:53:02 AM
I should start posting every two weeks when my 401k deposit is made.

"CHA CHING BITCHES! $750 richer just like that! See y'all later this month and we'll do this again!"

This is something I wish was more socially acceptable.

But if you're minded to brag on social media (why not, everyone else does), just post pictures of your Monday morning every Monday morning after you FIRE.

There is app like this in the works but I cannot remember the name. I heard it on a podcast a month or so ago but the objective is to build a community and support to make better financial choices.
Title: Re: When FB friends talk about buying cars
Post by: Sugaree on April 30, 2019, 06:09:24 AM
Had one pop up this morning:   "We have been busting our tails working on our credit scores and getting in a better place financially....I literally cried when we were approved for this, the hard work paid off. Now he has to keep it until all the kids are through college, oh and buy me a car next spring when [Son] gets the Nissan from me."


What did they buy?  A freaking F250.  Really? 
Title: Re: When FB friends talk about buying cars
Post by: DadJokes on April 30, 2019, 06:20:36 AM
We're certainly just as guilty of this as anyone else.

My wife replaced her 2003 Toyota Camry last year with a 2012 GMC Terrain. Being the semi-mustachian that she is, she at least mentioned that we got it private sale and paid cash.

Still a brag though, but we like to share our "successes" with friends and family.
Title: Re: When FB friends talk about buying cars
Post by: KBecks on April 30, 2019, 06:21:52 AM
The person who posted about approval for the loan then posted photos of the new car, was then posted about 2 weeks later about not having enough money to pay taxes on time.  I am sad that this is how they are managing.
Title: Re: When FB friends talk about buying cars
Post by: Megma on April 30, 2019, 06:32:13 AM
I should start posting every two weeks when my 401k deposit is made.

"CHA CHING BITCHES! $750 richer just like that! See y'all later this month and we'll do this again!"

This is something I wish was more socially acceptable.

But if you're minded to brag on social media (why not, everyone else does), just post pictures of your Monday morning every Monday morning after you FIRE.

Posted at noon, so people see it on their lunch breaks after they've been working half a day already.
Title: Re: When FB friends talk about buying cars
Post by: Parizade on April 30, 2019, 06:57:55 AM
The person who posted about approval for the loan then posted photos of the new car, was then posted about 2 weeks later about not having enough money to pay taxes on time.  I am sad that this is how they are managing.

It is sad! It's like watching a morbidly obese person with heart disease eating deep fried fish and chips with extra salt and a few beers while complaining about the high cost of health insurance. I lose my appetite and suddenly want to go for a brisk walk.

Adults have the freedom to choose (in most developed countries anyway) and most make incredibly bad choices. It's hard to watch but intervening usually backfires badly, and saying "I told you so" afterwards isn't much better.
Title: Re: When FB friends talk about buying cars
Post by: I'm a red panda on April 30, 2019, 06:59:48 AM
Is congratulating adults on buying cars a thing??

I've been congratulated every time I buy a new car (so, between my husband and I, twice in our adult lives). 


When my friend got delivery of his Tesla I just commented "Exciting! Hope it was worth the wait."
He's a DINK air force Lt.Col. though, so I'm pretty sure he can afford it.
Title: Re: When FB friends talk about buying cars
Post by: Metalcat on May 01, 2019, 04:49:57 AM
Is congratulating adults on buying cars a thing??

I've been congratulated every time I buy a new car (so, between my husband and I, twice in our adult lives). 


When my friend got delivery of his Tesla I just commented "Exciting! Hope it was worth the wait."
He's a DINK air force Lt.Col. though, so I'm pretty sure he can afford it.

Oh, of course, if a friend talks about buying a new car and is excited about it, then I will be excited for them.
Title: Re: When FB friends talk about buying cars
Post by: ChpBstrd on May 01, 2019, 07:15:55 AM
I'm old enough to remember when baby boomers would congratulate young people on getting their first credit card.
Then it was congratulations on getting into Expensive University on student loans.
One often received congratulations on the purchase of a big TV or a fast Pentium computer.
And of course, congratulations on the brand new car the just lost $2-5k in value being driven off the lot.

You see the pattern.
Title: Re: When FB friends talk about buying cars
Post by: I'm a red panda on May 01, 2019, 07:21:47 AM
Is congratulating adults on buying cars a thing??

I've been congratulated every time I buy a new car (so, between my husband and I, twice in our adult lives). 


When my friend got delivery of his Tesla I just commented "Exciting! Hope it was worth the wait."
He's a DINK air force Lt.Col. though, so I'm pretty sure he can afford it.

Oh, of course, if a friend talks about buying a new car and is excited about it, then I will be excited for them.

People alway seem excited about new cars, whether they can afford them or not. It's probably why congratulating them are a thing. 
Title: Re: When FB friends talk about buying cars
Post by: ketchup on May 01, 2019, 08:03:48 AM
The most disturbing "congratulations" I've ever witnessed was about three years ago at an Apple store, by an Apple employee.  All we did was exchange money for an iPhone SE; any idiot can do that.
Title: Re: When FB friends talk about buying cars
Post by: Metalcat on May 01, 2019, 10:28:41 AM
Is congratulating adults on buying cars a thing??

I've been congratulated every time I buy a new car (so, between my husband and I, twice in our adult lives). 


When my friend got delivery of his Tesla I just commented "Exciting! Hope it was worth the wait."
He's a DINK air force Lt.Col. though, so I'm pretty sure he can afford it.

Oh, of course, if a friend talks about buying a new car and is excited about it, then I will be excited for them.

People alway seem excited about new cars, whether they can afford them or not. It's probably why congratulating them are a thing.

Not in my odd little world for some reason. The last time someone posted on my FB about buying a car was 10 years ago and it was a guy who actually races his cars.

It's just not something I experience so it seems so odd, like congratulating someone on buying new shoes.
Title: Re: When FB friends talk about buying cars
Post by: Bloop Bloop on May 01, 2019, 05:03:44 PM
I think people just like celebrating 'big ticket' items - whether that be a car or a house, I've seen a lot of celebratory posts on FB.

It seems particularly in vogue for a young-is couple to post the "SOLD sticker" sign when they buy their first house.

People just like celebrating, I guess. Not my thing to do it publicly, but I can't criticise them for being happy.

*You might say a house is a better investment than a car, in that it usually doesn't depreciate. That said, I've seen a lot of my friends "upgrade" their house, i.e. buy right at the limit of their borrowing capacity. And that will do a lot more damage to your bottom line than buying a new car - cause a house in my area costs 10-30x what a new car costs. For me, I am lavish with cars but frugal with houses, and that keeps my overall expenses low.
Title: Re: When FB friends talk about buying cars
Post by: marty998 on May 03, 2019, 04:46:13 AM
Had one pop up this morning:   "We have been busting our tails working on our credit scores and getting in a better place financially....I literally cried when we were approved for this, the hard work paid off. Now he has to keep it until all the kids are through college, oh and buy me a car next spring when [Son] gets the Nissan from me."


What did they buy?  A freaking F250.  Really?

Due to not ever owning/looking at/being interested in one of those monstrosities, it took me years before I figured out what an F150 was. There's a F250 now???

What is that, like 67% bigger than the F150?
Title: Re: When FB friends talk about buying cars
Post by: ChpBstrd on May 03, 2019, 06:25:17 AM
Had one pop up this morning:   "We have been busting our tails working on our credit scores and getting in a better place financially....I literally cried when we were approved for this, the hard work paid off. Now he has to keep it until all the kids are through college, oh and buy me a car next spring when [Son] gets the Nissan from me."


What did they buy?  A freaking F250.  Really?

Due to not ever owning/looking at/being interested in one of those monstrosities, it took me years before I figured out what an F150 was. There's a F250 now???

What is that, like 67% bigger than the F150?

One needs the extra size and towing capacity because they are primarily used for hauling horse trailers and RVs between suburban homes and the parking lots of office buildings every day. Also, the F250 has been shown to increase one's manliness 67% compared to drivers of the little F150.
Title: Re: When FB friends talk about buying cars
Post by: DadJokes on May 03, 2019, 07:01:43 AM
Had one pop up this morning:   "We have been busting our tails working on our credit scores and getting in a better place financially....I literally cried when we were approved for this, the hard work paid off. Now he has to keep it until all the kids are through college, oh and buy me a car next spring when [Son] gets the Nissan from me."


What did they buy?  A freaking F250.  Really?

Due to not ever owning/looking at/being interested in one of those monstrosities, it took me years before I figured out what an F150 was. There's a F250 now???

What is that, like 67% bigger than the F150?

They go all the way up to the F750 I think, but those are monstrous work trucks. The largest I've seen used for normal consumers is the F350. My father drove one for many years, but he also pulled a 44 foot trailer with it for work.
Title: Re: When FB friends talk about buying cars
Post by: Davnasty on May 03, 2019, 10:13:09 AM
https://en.wikipedia.org/wiki/Ford_F-Series

I think the idea is that they're all work trucks for a range of purposes. The 150 is the smallest but it's still way too much for a commuting vehicle. 250 and up are specifically designed for hauling trailers or being used as a cargo van.
Title: Re: When FB friends talk about buying cars
Post by: Montecarlo on May 03, 2019, 10:30:02 AM
There’s a Chevy commercial that shows an 80lb woman commuting to work in a crew cab Silverado
Title: Re: When FB friends talk about buying cars
Post by: ixtap on May 03, 2019, 10:40:53 AM
I reposted my 10yo memory of when my car was new with some positive remark about it. There were a few likes, but no comments.
Title: Re: When FB friends talk about buying cars
Post by: ketchup on May 03, 2019, 10:42:17 AM
There’s a Chevy commercial that shows an 80lb woman commuting to work in a crew cab Silverado
I knew someone in high school that fit that description (4'11" tops), and sat on a really thick cushion to see over the dashboard of her giant SUV that her parents bought her at 16. >_>
Title: Re: When FB friends talk about buying cars
Post by: calimom on May 03, 2019, 07:39:19 PM
There’s a Chevy commercial that shows an 80lb woman commuting to work in a crew cab Silverado

Maybe she builds houses after school? :) :) :)
Title: Re: When FB friends talk about buying cars
Post by: DadJokes on May 03, 2019, 09:09:51 PM
Coincidentally, a car dealer posted a vehicle he has for sale in my community FB page today. It was a 2018 Toyota Land Cruiser for the amazing(ly terrible) price of $71,999. Oh, but it’s an amazing deal, because the MSRP is $86,807...

Thankfully, there were a lot of comments ridiculing the absurd price.
Title: Re: When FB friends talk about buying cars
Post by: Just Joe on May 04, 2019, 10:42:26 PM
Gas prices have risen a little where I live. A entry level person I know tells me that they spend an amount equal to half my mortgage on fuel alone. Ouch!
Title: Re: When FB friends talk about buying cars
Post by: Parizade on May 28, 2019, 12:42:16 PM
By 'normal' standards, what you're suggesting in crazy. Why would you not want the best car you can have.

A friend of mine has been trying to talk me into getting a new car and used almost those exact words. "Why wouldn't you buy the best car you can afford? Why wouldn't you?" I didn't answer the question, one because I knew it was meant more as a statement and two because my answer would have gone something like this: "I wouldn't buy an expensive fancy car because I don't want to have an anxiety meltdown when I find out my property taxes have gone up again... like you did last month, remember? And I don't want to run out of money in retirement and have to go back to work like you had to do, remember?"

She's not Mustachian but I still rather value her friendship so I simply told her I'm planning to upgrade next  year.

Yesterday I was thinking about giving people a perspective of saving 70% of your income. Suppose you earn 1M $ a year, would you then seriously upgrade your spending to ensure you spend that much every year? Or would there be an amount where you would set aside a sum to invest? At a certain moment, your spending would become outrageous for your own standards. For us who save a lot of our income, those standards are lower than most people's.

Saw this friend again over the weekend, now she is trying to convince me I should buy a hardshell camper because "you can't lock the door on a tent." So not only should I buy a new car, I should buy a car powerful enough to pull the camper she also thinks I should buy.  Bless her heart, she means well but I just shake my head in wonderment.
Title: Re: When FB friends talk about buying cars
Post by: JAYSLOL on May 28, 2019, 06:47:49 PM
I keep seeing ads on FaceBook from some "Bad-Credit/No-Credit" type lender, they have a picture of a woman who apparently used their lending to get a $13k loan for a Dodge Journey (she's standing in front of it with the caption something like "Wow! I'm approved!").  Anyway, the comments were a surprising gold-mine and some of them went like this "Wow! I made a terrible financial decision!", and "Guess how long until it's repossessed?", and "You spelled "FINANCIAL MISTAKE" wrong", and my personal favourite "Bad Credit and no money?  Your car should be a grand tops".  Well done random Facebook people, well done. 
Title: Re: When FB friends talk about buying cars
Post by: nouveauRiche on June 03, 2019, 10:36:30 AM
IRL, not FB:

A friend showed up with a brand new car yesterday & I commented on it.  She said the previous car started needing a lot of maintenance and it was 7 years old so "it was time". 

Our cars are 9 and 19 years old (both purchased used).  I think of the 9 year old car as our "new/nice" car.

I have no idea what their finances are so no judgement.  I just thought it was a funny difference in the definition of a car being "too old".

-------

Just thought of another from many years ago:  I knew someone who used to buy a new car every 5 years because her parent had told her that was the way to avoid maintenance problems.  The car she was about to replace was a Honda Accord in well-maintained condition.  I should have bought it from her!
Title: Re: When FB friends talk about buying cars
Post by: moof on June 03, 2019, 03:51:50 PM
Offer advice when it is asked for, bite your tongue otherwise.

In the semi-facepunch category of disclosure we just dropped $16k on a new-to-us Prius V to replace our rather battle weary 15 year old Ford Focus that has gotten too unreliable to take on long family trips, which is all it is around for in the first place.  It was a company car for someone who got laid off, with only 30k miles.  They got a Carmax turn-in price (whatever the right term is) and sold it for that.  It was a model on my short list for replacement cars, so we went for it.  It is the first car I have ever just bought outright, which is sort of weird and kind of anti-climactic (sent check, next day got the title from HQ in a fedex envelope).
Title: Re: When FB friends talk about buying cars
Post by: Linea_Norway on June 04, 2019, 02:34:10 AM
Just thought of another from many years ago:  I knew someone who used to buy a new car every 5 years because her parent had told her that was the way to avoid maintenance problems.  The car she was about to replace was a Honda Accord in well-maintained condition.  I should have bought it from her!

It might be true that most cars start having their first technical issues after 5 years. So if you don't ever want the hassle, it might be smart to switch to a new one. Although the more economic thing is to do the repairs and keep driving the car.
Our cars had a phase with several repairs in a year. Luckily is has now been running very well for a few years in a row.
Title: Re: When FB friends talk about buying cars
Post by: clarkfan1979 on June 04, 2019, 06:51:38 AM
In 2014, I posted my car purchase on FB.

It was a 2003 Pontiac Vibe with 165K miles for $2,500. Most of the comments were negative. My favorite was, "Why the hell would you buy a Pontiac Vibe?" I saw that person at a wedding last year and they pretty much complained of money problems the whole time. However, according to him it's his ex-wife's fault, not his fault.

For those of you who don't know much about the Vibe, it's the same car as the Toyota Matrix. It was a joint venture between Pontiac and Toyota. It has a Toyota engine. I drove it for 5 years and 57K miles before it died. Very minimal maintenance.

I don't like to shit on people's parade. Let them enjoy their life. Once they start complaining about their life and ask for advice, then you can contribute. If someone is in relatively good shape and posts on facebook about eating chocolate lava cake for dessert, don't comment about how that food is bad for you. However, if that person comes to you, 100 pounds overweight and asks for advice, then give it.
Title: Re: When FB friends talk about buying cars
Post by: nouveauRiche on June 04, 2019, 06:59:35 AM
Just thought of another from many years ago:  I knew someone who used to buy a new car every 5 years because her parent had told her that was the way to avoid maintenance problems.  The car she was about to replace was a Honda Accord in well-maintained condition.  I should have bought it from her!

It might be true that most cars start having their first technical issues after 5 years. So if you don't ever want the hassle, it might be smart to switch to a new one. Although the more economic thing is to do the repairs and keep driving the car.
Our cars had a phase with several repairs in a year. Luckily is has now been running very well for a few years in a row.

Honda Accords are famously reliable cars.  The maintenance is certain to be a fraction of the cost of buying a new car.  I think you are right that people want to avoid hassle - they're apparently willing to pay a lot to do so.

It's too bad people don't do the math to figure out what it's really costing them.
Title: Re: When FB friends talk about buying cars
Post by: FLOW on June 04, 2019, 07:16:39 AM
None of you should be on FB -- it's a waste of time, people are fake as hell, and it's breaking our democracy.  (Do you like my unsolicited advice? :)

For reals though: giving unsolicited advice is shitty, and not everyone wants to or even tries to optimize their purchases.  In fact there are people out there -- I know some -- who feel pretty badass precisely because they don't optimize their purchases.  They think it means they are powerful or something.  (I'm not even making this up; some guy was telling me about how it means he has a big "D" score on this personality test.  "D" standing for decision, like it's easy for them to make decisions, and that's why they're now an executive or whatever. Because of his big "D".) 



 
Title: Re: When FB friends talk about buying cars
Post by: JAYSLOL on June 06, 2019, 09:08:06 PM
In 2014, I posted my car purchase on FB.

It was a 2003 Pontiac Vibe with 165K miles for $2,500. Most of the comments were negative. My favorite was, "Why the hell would you buy a Pontiac Vibe?" I saw that person at a wedding last year and they pretty much complained of money problems the whole time. However, according to him it's his ex-wife's fault, not his fault.

For those of you who don't know much about the Vibe, it's the same car as the Toyota Matrix. It was a joint venture between Pontiac and Toyota. It has a Toyota engine. I drove it for 5 years and 57K miles before it died. Very minimal maintenance.

I don't like to shit on people's parade. Let them enjoy their life. Once they start complaining about their life and ask for advice, then you can contribute. If someone is in relatively good shape and posts on facebook about eating chocolate lava cake for dessert, don't comment about how that food is bad for you. However, if that person comes to you, 100 pounds overweight and asks for advice, then give it.

I have a 24 year old Tercel, paid $5k 17 freaking years ago, @330k and it still hasn't died yet (or more miraculously, even rusted out!).  Toyota makes a damn good car. 
Title: Re: When FB friends talk about buying cars
Post by: ChpBstrd on June 07, 2019, 10:48:56 AM
None of you should be on FB -- it's a waste of time, people are fake as hell, and it's breaking our democracy.  (Do you like my unsolicited advice? :)
 

I like your unsolicited advice. Quitting the FB habit has improved my sleep, made me more optimistic, made me more productive, and made me more present in my real life relationships.

FB is a propaganda machine that will rent your mind to the highest bidder, like some sort of ideological pimp.
Title: Re: When FB friends talk about buying cars
Post by: Metalcat on June 07, 2019, 02:47:18 PM
None of you should be on FB -- it's a waste of time, people are fake as hell, and it's breaking our democracy.  (Do you like my unsolicited advice? :)
 

I like your unsolicited advice. Quitting the FB habit has improved my sleep, made me more optimistic, made me more productive, and made me more present in my real life relationships.

FB is a propaganda machine that will rent your mind to the highest bidder, like some sort of ideological pimp.

Man...what kind of friends did you have on FB??
Title: Re: When FB friends talk about buying cars
Post by: ChpBstrd on June 08, 2019, 10:11:30 AM
None of you should be on FB -- it's a waste of time, people are fake as hell, and it's breaking our democracy.  (Do you like my unsolicited advice? :)
 

I like your unsolicited advice. Quitting the FB habit has improved my sleep, made me more optimistic, made me more productive, and made me more present in my real life relationships.

FB is a propaganda machine that will rent your mind to the highest bidder, like some sort of ideological pimp.

Man...what kind of friends did you have on FB??
It’s not so much the friends (despite their futile political rants) it’s the ads and the feed.