Prices Keep Drifting Up
#7471
Rennlist Member
The quickest way to millions is to make sure you don't buy a porsche that hasn't been properly serviced. Then invest the savings. 🙂
#7472
Rennlist Member
In my opinion Ramsey is good for people who have no idea about personal finance or get themselves into trouble, which of course is a lot of people, but outside of that I don't know that what he has to say is all the beneficial. Maybe I am remembering wrong but I am pretty sure he suggests buying a home in cash which isn't going to happen for 99% of people, same with a car. Or that you should never pay for anything with a CC? Pretty much only good advice for people that can't stay out of debt.
Also, expensive toys like our cars should be bought with cash that is discretionary income. The exception might be when you can finance something for less than what that cash could earn in another investment. However, few people are in that situation. You first have to have the cash to invest and most people don’t live that way. They buy on credit and pay more than what the object is worth.
The worst are the people that tell you that their retirement plan lies in lottery tickets. Too bad the original Grimm brother’s fairy tails have been censored or rewritten so as to not scare people. Yes, the original versions have all been rewritten and edited.
Ramsey is just trying to reach the masses and improve their financial lives. Master that and you can move on to the next level.
#7473
Drifting
I believe it was Ramsey who said "don't buy Twitter when all of your wealth is in Tesla stock and you need to take a $13b margin loan against that stock to finance it". Sure, that advice was quite specific, and applied to a rather narrow subset of the population, but sage advice nonetheless .
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wdb (07-23-2022)
#7474
Rennlist Member
I believe it was Ramsey who said "don't buy Twitter when all of your wealth is in Tesla stock and you need to take a $13b margin loan against that stock to finance it". Sure, that advice was quite specific, and applied to a rather narrow subset of the population, but sage advice nonetheless .
Wonder what Suzie Orman would say?
#7476
pretty sure elon stopped listening to anyone except the voices in his head a while ago
#7477
Rennlist Member
Back to 6-cylinder topics. Generally speaking my impression is that the tightening economy is impacting Cars&Bids a heck of a lot more than BaT. Loads of cars on there with sluggish bidding.
Extensively modified 996.1, nearly track ready: https://carsandbids.com/auctions/3OV...-carrera-coupe
Another candidate for 996 low water mark? .1 cab that doesn't appear to be pulling bids: https://carsandbids.com/auctions/Km1...rera-cabriolet
Extensively modified 996.1, nearly track ready: https://carsandbids.com/auctions/3OV...-carrera-coupe
Another candidate for 996 low water mark? .1 cab that doesn't appear to be pulling bids: https://carsandbids.com/auctions/Km1...rera-cabriolet
Cab had 167K miles, 3 pedals, IMS done, sold for $14,110. There's your low water mark.
#7478
Racer
Modded car went RNM at $26,246. Kind of a strange auction; the car is well modified, unusual colors, but 137K miles, and somehow got listed with what has to be the highest reserve ever for a .1 with that mileage. C&B seemed to indicate that the final bid was close enough that they would work with seller/bidder to see if a deal could be made.
Cab had 167K miles, 3 pedals, IMS done, sold for $14,110. There's your low water mark.
Cab had 167K miles, 3 pedals, IMS done, sold for $14,110. There's your low water mark.
Wow that cab really is the low water mark, but honestly I don't think it was unfairly low. It is a bit rough with 167K miles and high cam deviation. It is also about as basic as it gets. Silver and very few options outside of litronics and heated seats. Even as a .1 that is a lot of risk to take on with unknown bore condition, etc. without being able to get eyes on it in person and get a proper inspection done.
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wdb (07-23-2022)
#7479
Three Wheelin'
keep in mind that Ramsey is trying to set basic ground rules and keep it simple. Dave is not expecting people to buy a new home cash, but you can do yourself a huge favor by not buying a new car by financing most of (or even all of it}. The depreciation puts you upside down the moment you exit the dealer’s lot. Buy used and pay cash now and save/invest what you can until the day that the depreciation of a new car doesn’t impact your retirement.
Also, expensive toys like our cars should be bought with cash that is discretionary income. The exception might be when you can finance something for less than what that cash could earn in another investment. However, few people are in that situation. You first have to have the cash to invest and most people don’t live that way. They buy on credit and pay more than what the object is worth.
The worst are the people that tell you that their retirement plan lies in lottery tickets. Too bad the original Grimm brother’s fairy tails have been censored or rewritten so as to not scare people. Yes, the original versions have all been rewritten and edited.
Ramsey is just trying to reach the masses and improve their financial lives. Master that and you can move on to the next level.
Also, expensive toys like our cars should be bought with cash that is discretionary income. The exception might be when you can finance something for less than what that cash could earn in another investment. However, few people are in that situation. You first have to have the cash to invest and most people don’t live that way. They buy on credit and pay more than what the object is worth.
The worst are the people that tell you that their retirement plan lies in lottery tickets. Too bad the original Grimm brother’s fairy tails have been censored or rewritten so as to not scare people. Yes, the original versions have all been rewritten and edited.
Ramsey is just trying to reach the masses and improve their financial lives. Master that and you can move on to the next level.
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#7480
Rennlist Member
Modded car went RNM at $26,246. Kind of a strange auction; the car is well modified, unusual colors, but 137K miles, and somehow got listed with what has to be the highest reserve ever for a .1 with that mileage. C&B seemed to indicate that the final bid was close enough that they would work with seller/bidder to see if a deal could be made.
Cab had 167K miles, 3 pedals, IMS done, sold for $14,110. There's your low water mark.
Cab had 167K miles, 3 pedals, IMS done, sold for $14,110. There's your low water mark.
But the arena red car is well sorted. He'll, the refresh mods alone are $30k. You get the engine for free.
#7481
for 14 grand and everything included in the sale, that cab will make a great first Porsche for somebody.
the top comment made me chuckle: "That went cheap. I’d put 10k in bitcoin now, drive this thing like a maniac for a couple years"
Wtf
the top comment made me chuckle: "That went cheap. I’d put 10k in bitcoin now, drive this thing like a maniac for a couple years"
Wtf
#7483
Rennlist Member
Never seen so many 996.2 cars for sale on BAT all at once. Early bidding looks pretty strong. The 996.2 is such a great car. We will find out starting tomorrow what the bidders think.
#7484
the atlas gray C4S with the aerokit is beautiful. new HWM for C4S even in this market?
#7485
Rennlist Member
996.2 with 11k miles went for $47,750 on BAT. More sales to watch this week. Market is paying up for low mileage. This car was a one owner car.