First tank is in the books with the first fill up. I've been driving it normal.
How are you two getting along with your new rides?Rooting for you and Herby.
Do you still feel the same way? My VW TDI is waiting on transmission parts that are on backorder, so I've been driving the truck. I filled up this morning and then again just now. Straight to work and straight back.I cannot comment on hybrids. However, my advice is below based on your fear of fuel price increases.
Fuel prices are extremely variable and have been for the last 40 years. I would not make a "big" purchase for fear of the short-term volatility of the fuel market. Even if gas goes up 100%, say $2 to $4 for talking purposes- and you fill your tank up 2 times a month - assuming a 25-gallon tank (that car would be a smaller tank) - you are spending an extra $50 a month. Even if it goes to 6 dollars a gallon, in this scenario you'd spend an extra 100 a month on a 200% increase in gas prices.
Now, as soon as you buy a car, you have bought a depreciating asset. The used car market is at a hot right now, due to various reasons - stimulus money being one of them. So let's say that the hybrid increases your fuel mileage by 100% at a $4 per gallon market cost - you are saving $50 a month compared to your current car situation (filling up 1 time a month vs. 2).
So the question is, will the money spent on a new vehicle, that is immediately depreciating and unless paying all cash, will have a car loan around 4-8% depending on your credit score, worth the $50 per month savings? Whereas, that same cash, could be applied elsewhere to free up the negative % on the liability sheets and allow more asset purchases.
I am not against buying a vehicle, we all need them - just wanted to share my opinion based on your fear of fuel charges. I hope this is read with a sincere tone, in which in type.
My process is as follows:
Anytime I make a large purchase I look at it from a % basis
Total money spent
Appreciable asset or depreciable liability
Other liability debts that could be paid down (credit card, another car, etc.)
Conservative opportunity growth % in any other form compared to the liability
Decision is made
Do you still feel the same way? My VW TDI is waiting on transmission parts that are on backorder, so I've been driving the truck. I filled up this morning and then again just now. Straight to work and straight back. View attachment 150112
I understand. Just seems the vehicle market has actually gained value since this. I wish I had 50 trucks to sell so I could retire, lol.Yea buddy. I still feel my process fit
My process is as follows:
Anytime I make a large purchase I look at it from a % basis
Total money spent
Appreciable asset or depreciable liability
Other liability debts that could be paid down (credit card, another car, etc.)
Conservative opportunity growth % in any other form compared to the liability
Decision is made
Quit fucking them up and you'll be close to that goal.I understand. Just seems the vehicle market has actually gained value since this. I wish I had 50 trucks to sell so I could retire, lol.
Seems solid@giles how is the yota doing aside from the grill flying off and the radio issue?