Dealer offer on Raptor Ranger

[Buckbull]

So Ranger Raptors are selling for sticker? If so maybe I should buy one. Hmmm

Sounds like under sticker as the OP said $51,000 and the MSRP starting price for one is $55,000. I'm really shocked a dealer would take $4000 off of one. They would be able to sell every allotment they get for MSRP or more.

Lots of good advice mentioned but also what the OP didn't factor in was the price of Extended Warranty, sales tax and increase in insurance.

The Raptor is a halo truck meant for guys with FU money. Guys with FU money don't make payments.

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[KNI]

The reason you can afford it is because you would never leverage yourself to this extent.

The only way you find freedom is to become debt free, and stay out of debt. It sounds impossible but it isn't. It simply takes a clear plan and deliberate decisions about every $ you spend.

Not necessarily.

Optimal setting would be that your interest cost would be less than the projected profit you make from that debt but still ensuring that you total liabilities are less than you can walk away with if the profit projections goes south.

 

[TJC]

I have wealthy businessmen friends who stay in high debt, but it is a risky game. They count on making 6%-8% above their debt load. They live very well. And each has declared bankruptcy several times, and bounce back. They work very hard and so much of their success depends outstanding accountants, and judging the economic factors closely. They tell me "to never play with your own money".

Our present tax and economic model forces one to play this game. It is unnatural and cruel, but it is the way the elite maintain control. Such is life.

BTW, Trump (as a private citizen) and others at the top of the economic pyramid understand this reality well.

 

[Chris M]

Never playing with your own money means you're playing with someone else's, and I find that to be wrong to my mind.
Multiple bankruptcies, or even one bankruptcy means someone who extended credit in good faith doesn't get paid and they lose their investment, whether it be in the form of cash or equity in something. People who do such things on purpose just so they can live well are, in my opinion, selfish assholes.
As someone who long ago and far away used to not only lend money but also had to collect when things went wrong, I saw from a personal and professional perspective what bankruptcy can do to people and small businesses and I didn't like seeing it at all.
Still don't.

 

[OFC Ranger]

Let me blunt; if you couldn't find a bank or credit union who will finance you an auto loan, arguably one of the easiest types of loans to get approved for, you probably shouldn't be owning a $800+ car note...

 

[TJC]

Never playing with your own money means you're playing with someone else's, and I find that to be wrong to my mind.
Multiple bankruptcies, or even one bankruptcy means someone who extended credit in good faith doesn't get paid and they lose their investment, whether it be in the form of cash or equity in something. People who do such things on purpose just so they can live well are, in my opinion, selfish assholes.
As someone who long ago and far away used to not only lend money but also had to collect when things went wrong, I saw from a personal and professional perspective what bankruptcy can do to people and small businesses and I didn't like seeing it at all.
Still don't.

I don't play that game either. I simply stay out of debt. I am old school and consider myself to be an honorable person. At least I try to be.

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