Be my voice of reason please. Can I really afford the Raptor?

[dude1782]

Reuse of meme by @nineunbuffed. Official review confirms this meme was in play as of post #88. This results in a ten yard penalty and loss of down...

Correction: post #90




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[nineunbuffed]

Good call ref. It's a recent image I used for a friend's Facebook thread. Never thought it'd be used here.

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[Aaron]

Correction: post #90




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If we know one thing, it's that refs can't get em all right...or even most of them...or really any...

Good call ref. It's a recent image I used for a friend's Facebook thread. Never thought it'd be used here.

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We meme hard here bruh!

 

[GABA]

I need some different perspectives. I'm about a month out from placing my order so I'm starting to do some serious thinking about if I really can afford the raptor. I took my my monthly household income, and subtracted all my utilities rounded up to $100. Meaning my electric bill is usually $40-$50 but i subtracted $100. Gas is $20 but still subtracted $100 and so on. I subtracted every other expense (current truck payment, insurance, gas (x2 normal just in case we decide to drive somewhere for the weekend), groceries, and rent). I even subtracted $1000 for savings.



After all that I'm still left with $2300 a month. My payment on the raptor will likely be around $800. My insurance will probably go up $50 a month. So if I took on an extra expense of $850, I'll be left with $1,450 for personal expenses like eating out, entertainment etc.



Do you guys think I'm safe in getting the Raptor? Give me your perspective please.

I'm pretty conservative because I want to retire at some point, hopefully early. I always say that if I don't have the cash to buy said item upfront then I can't afford it. I'm not saying don't finance it if you get a good rate but if you don't have the lump sum saved already it's not a smart purchase for something that loses value. Also, that 80-100K for the Raptor invested in an index fund last year would have made you 20K rather than costing you interest and depreciation upwards of 20-30K. Only you can decide if you and your families finances can justify it. Money isn't everything, but not spending beyond your means essentially buys you some level of freedom from worry and hardship down the road. It's a big nut to buy these trucks. They're certainly fun but I'd never call my Raptor a good financial investment.


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[brc misfit]

Still going. Anyone notice this thread died.

 

[Aaron]

 

[nineunbuffed]

I'm pretty conservative because I want to retire at some point, hopefully early. I always say that if I don't have the cash to buy said item upfront then I can't afford it. I'm not saying don't finance it if you get a good rate but if you don't have the lump sum saved already it's not a smart purchase for something that loses value. Also, that 80-100K for the Raptor invested in an index fund last year would have made you 20K rather than costing you interest and depreciation upwards of 20-30K. Only you can decide if you and your families finances can justify it. Money isn't everything, but not spending beyond your means essentially buys you some level of freedom from worry and hardship down the road. It's a big nut to buy these trucks. They're certainly fun but I'd never call my Raptor a good financial investment.


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GABA IS THAT YOU?

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