Dadoffourgirls wrote:
Grit
I know you are always correct, but in this overpay environment that you identify, the OP might be being overpaid on his current vehicle. So he might be receiving $6k more on his current vehicle than 18 months ago, and will pay $60k for a brand new vehicle, with safety features, comfort and a three year warranty. He will not need overpriced replacement tires since they are already included with the new overpriced vehicle.
So I know the Grit method is the only approved financial planning that is correct in North America, but sometimes the millions might see things differently.
Thank you for sharing.
Working at a dealership, I can tell you the ratio is no where near what you think it is! Parts are not overpriced, but vehicles right now are.
And most people buying a new truck are trading in a 2-5 year old truck with all the same safety and convienece features.