So long everyone.

[tomloans]

well that statement is not true by any means, not sure where you are getting your information.
the only fee that increases is some tax fee's based on the consumer price index which is a small amount (percentage) of tax fee's and pretty much affects many other things such as property tax, nothing is increasing 3X or 2X or even 1X. and if the cpi decreases so does the tax.
in regards to new vehicles the fee is of course more than a 20 year old vehicle but that is nothing new nor out of the ordinary, for instance my 18 cost's around $650 and my 12 cost around $350 that will decrease over a period of time not increase.

I hear you and I want you to talk me into a newer vehicle as I road in my friends new ford truck and it was so quiet, powerful, and smooth, I couldn't believe it!

But when I run numbers it just doesn't makes sense for me at my stage of life.

The registration fee is over 4 times for your 18 verses my 03. My 03 yearly registration fee is $147.00. So that you understand me, I am very cheap or let's say extremely frugal.

Total fees upfront to purchase a newer vehicle of say $35,000 is about $3598.00 in tax and registration. (Total Use/Sales Tax $3,063.00 Total Registration Fees $535.00.) So registration is roughly 3x for this example and over 4 times compared to yours. Yes over time they go down but still yours will always be higher. Again, I am extremely nutty frugal and I mean no disrespect here, please. (For example, I look for tires on Facebook that someone just didn't like and get them for a fraction of the price).
So let's keep going on this at it is interesting... Let's say by some miracle like this very fortunate author, I sold my car for $10,000.00, then took $29,000 out of accounts that are paying a minimum 4.0%. I would then have to pay $100.00 per month for the added insurance and registration costs. Let's say that my 03 has more repair costs than say a 2018, hence let's say the $100.00 loss is a wash. (Repair costs are debatable - it may be more expensive for a 2018 hard to say but let's stick to the 2003 being more expensive). The new vehicle, then would cost me roughly $100.00 per month in lost interest. This higher value vehicle is depreciating in 5 years by about 22%. This is a loss of $128.00 per month for the first 5 years. So now I am up to a loss of $228.00 per month or $13680.00 over 5 years. Also, let's say I took that $29,000 and put it in good stocks, I would be losing roughly $2900.00 per year ( average over time). That is an additional loss of $8500.00 over 5 years.

So at the end of 5 years, total loss is roughly $22,000.00 if I bought this car in this example.
I can guarantee you in my case, I will still have my 03 in 5 years as I don't drive much and my bank account will have $44,600.00 rather than a deficit of -$22,000 dollars. These numbers can be off but however this pie is cut, it is a loss.

It was fun when I was younger and was making all kinds of money and didn't care about the $$$$ details. But today, at my age, I can't afford it any longer. Not disrespecting anyone who purchases newer cars. There is a season for everything in life. I use to own newer 740I's in the early 2000's. That was costly but was fun in those days !

On the other hand, for those of you who are young. Save your money and invest early, you will be glad you did.

Regarding insurance, I don't have numbers for insurance, but it is much more expensive for a newer car then my old Tahoe per conversations with my insurance agent many months ago. Call your agent and you verify this yourself.

 

[tomloans]

well that statement is not true by any means, not sure where you are getting your information.
the only fee that increases is some tax fee's based on the consumer price index which is a small amount (percentage) of tax fee's and pretty much affects many other things such as property tax, nothing is increasing 3X or 2X or even 1X. and if the cpi decreases so does the tax.
in regards to new vehicles the fee is of course more than a 20 year old vehicle but that is nothing new nor out of the ordinary, for instance my 18 cost's around $650 and my 12 cost around $350 that will decrease over a period of time not increase.

Apologies, my insurance would only go up $600.00 a year for a 2018 tahoe LT. So this is only $50.00 a month.

 

[Tonyrodz]

I hear you and I want you to talk me into a newer vehicle as I road in my friends new ford truck and it was so quiet, powerful, and smooth, I couldn't believe it!

But when I run numbers it just doesn't makes sense for me at my stage of life.

The registration fee is over 4 times for your 18 verses my 03. My 03 yearly registration fee is $147.00. So that you understand me, I am very cheap or let's say extremely frugal.

Total fees upfront to purchase a newer vehicle of say $35,000 is about $3598.00 in tax and registration. (Total Use/Sales Tax $3,063.00 Total Registration Fees $535.00.) So registration is roughly 3x for this example and over 4 times compared to yours. Yes over time they go down but still yours will always be higher. Again, I am extremely nutty frugal and I mean no disrespect here, please. (For example, I look for tires on Facebook that someone just didn't like and get them for a fraction of the price).
So let's keep going on this at it is interesting... Let's say by some miracle like this very fortunate author, I sold my car for $10,000.00, then took $29,000 out of accounts that are paying a minimum 4.0%. I would then have to pay $100.00 per month for the added insurance and registration costs. Let's say that my 03 has more repair costs than say a 2018, hence let's say the $100.00 loss is a wash. (Repair costs are debatable - it may be more expensive for a 2018 hard to say but let's stick to the 2003 being more expensive). The new vehicle, then would cost me roughly $100.00 per month in lost interest. This higher value vehicle is depreciating in 5 years by about 22%. This is a loss of $128.00 per month for the first 5 years. So now I am up to a loss of $228.00 per month or $13680.00 over 5 years. Also, let's say I took that $29,000 and put it in good stocks, I would be losing roughly $2900.00 per year ( average over time). That is an additional loss of $8500.00 over 5 years.

So at the end of 5 years, total loss is roughly $22,000.00 if I bought this car in this example.
I can guarantee you in my case, I will still have my 03 in 5 years as I don't drive much and my bank account will have $44,600.00 rather than a deficit of -$22,000 dollars. These numbers can be off but however this pie is cut, it is a loss.

It was fun when I was younger and was making all kinds of money and didn't care about the $$$$ details. But today, at my age, I can't afford it any longer. Not disrespecting anyone who purchases newer cars. There is a season for everything in life. I use to own newer 740I's in the early 2000's. That was costly but was fun in those days !

On the other hand, for those of you who are young. Save your money and invest early, you will be glad you did.

Regarding insurance, I don't have numbers for insurance, but it is much more expensive for a newer car then my old Tahoe per conversations with my insurance agent many months ago. Call your agent and you verify this yourself.

That's age and life experience right there. I too definitely drove nicer(expensive) cars when I was younger. Wish I had all that money instead. Live and learn.

 

[Sparksalot]

I have loved this tahoe from the day i got it spent alot of money on it but is time to let her go.Had alot of good times with it and a few bad times.It was great talking with everyone on here-great forum.

No thanks for the fish?

 

[Doubeleive]

I hear you and I want you to talk me into a newer vehicle as I road in my friends new ford truck and it was so quiet, powerful, and smooth, I couldn't believe it!

But when I run numbers it just doesn't makes sense for me at my stage of life.

The registration fee is over 4 times for your 18 verses my 03. My 03 yearly registration fee is $147.00. So that you understand me, I am very cheap or let's say extremely frugal.

Total fees upfront to purchase a newer vehicle of say $35,000 is about $3598.00 in tax and registration. (Total Use/Sales Tax $3,063.00 Total Registration Fees $535.00.) So registration is roughly 3x for this example and over 4 times compared to yours. Yes over time they go down but still yours will always be higher. Again, I am extremely nutty frugal and I mean no disrespect here, please. (For example, I look for tires on Facebook that someone just didn't like and get them for a fraction of the price).
So let's keep going on this at it is interesting... Let's say by some miracle like this very fortunate author, I sold my car for $10,000.00, then took $29,000 out of accounts that are paying a minimum 4.0%. I would then have to pay $100.00 per month for the added insurance and registration costs. Let's say that my 03 has more repair costs than say a 2018, hence let's say the $100.00 loss is a wash. (Repair costs are debatable - it may be more expensive for a 2018 hard to say but let's stick to the 2003 being more expensive). The new vehicle, then would cost me roughly $100.00 per month in lost interest. This higher value vehicle is depreciating in 5 years by about 22%. This is a loss of $128.00 per month for the first 5 years. So now I am up to a loss of $228.00 per month or $13680.00 over 5 years. Also, let's say I took that $29,000 and put it in good stocks, I would be losing roughly $2900.00 per year ( average over time). That is an additional loss of $8500.00 over 5 years.

So at the end of 5 years, total loss is roughly $22,000.00 if I bought this car in this example.
I can guarantee you in my case, I will still have my 03 in 5 years as I don't drive much and my bank account will have $44,600.00 rather than a deficit of -$22,000 dollars. These numbers can be off but however this pie is cut, it is a loss.

It was fun when I was younger and was making all kinds of money and didn't care about the $$$$ details. But today, at my age, I can't afford it any longer. Not disrespecting anyone who purchases newer cars. There is a season for everything in life. I use to own newer 740I's in the early 2000's. That was costly but was fun in those days !

On the other hand, for those of you who are young. Save your money and invest early, you will be glad you did.

Regarding insurance, I don't have numbers for insurance, but it is much more expensive for a newer car then my old Tahoe per conversations with my insurance agent many months ago. Call your agent and you verify this yourself.

your original post led me to believe that you were under the impression that these fee's and rates were compounding now, not by comparison to 20 years ago.
I am in agreement with you regarding lost money for a newer vehicle both in interest and value, I bought my 2018 in 2019 right before covid hit with a decent price and interest rate.
I paid it off in a hair under 3 years on a 6 year loan by making a regular payment w/interest and another duplicate payment on the principal balance , doing this saved me 3 years of accumulated interest, then the value of the vehicle actually increased by $4000.00 (during covid) which never happens lol, i could have sold it a profit. This was the one and only time I have bought a vehicle this new, I typically buy at 5 years old when 1/2 the initial value has already been eaten up by someone else which makes it a much better value for me.
I am looking at perhaps buying another 5 year old vehicle for the wife but prices are still kind of slightly high and the interest rate is still going up and is about to again in short order. so I might have be more thrifty and look at something a little older than 5 years that I can pay off quickly.
Here in cali you always have to look at the listed price and add 10% for a more realistic cost.

 

[Mean_Green]

I don't generally bail out of a board because I no longer have what led me to it to begin with. I usually hang around and try to offer some insight to new members based on what I knew when I had it, whatever it may have been.

But when I sold my previous vehicle to help pay of Emeralda, I made it a point to sign off from that car board. It had been through a number of changes, none of them good. They all led to people leaving. While I got some good information a few times, the personalities were very abrasive and cliquish. I was glad to be rid of the car and the board.

 

[mattbta]

I’m still on ls2 as part of the exodus from ls1. I joined ls1 at age 19 in 1998. Ls2 came around in 2004. Only had my 98z for 9 months. Sold my 99 30th T/A in 2007. ¯\_(ツ)_/¯

 

[TollKeeper]

If its a good board, active on membership, with good insight, no/little ads, I will stick around... Like I am now.

Good peeps here, with lots of good info that I can use on my non Full-Size GMT. Because that info applies to my Mid-Size GMT..

Sometimes you have to raise an Eyebrow to @randeez and @HortonHiresAHoe and a few others .. They keep the levity!

Quit being so cereal man!

 

[tomloans]

This is great forum. People are mostly good to awesome. Let's keep it kind and with a thought of how I can be a blessing to others. I replaced my 706 heads with a huge input from folks here. some really good detail that opened my eyes before I made the mistakes. Mission accomplished on a very slow and tough job thanks to guys and gals here.

 

[HortonHiresAHoe]

Well i got $16,250 in an hour on face book marketplace.I could not say no-and a mint 2020 palisade limited came in on lease return.32000 minus 16250 i could not pass that up.10yr 100k warranty included.Just one of those rare times when the right deal comes buy gotta take it.

Got my wife a Palisade last year after waiting about 4 months for it. She loves it and I do enjoy driving it for all of the creature comforts even though I'm pretty sure a cruise ship has better acceleration. The big screen, digital dash and all of the cameras are pretty cool.