Dusty’s Budgeting Thread

couchlock

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Apr 8, 2002
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KERS

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Aug 7, 2003
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Turo was suggested weeks ago, if not longer. Had you done it then, you’d probably have close to $1k in your pocket.
 

saabguy

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Aug 11, 2003
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Nobody pointed out to Dusty that he can pretty much get his maintenance deducated on the turo (or a sizable %) so that his taxed on the 8000 is lower?

Separately it seems nobody has seen where rates are at lately. If dusty buys another car he’s going to end up with a way higher interest rate this time around. Run through - get positive on the car over 2 years even and make a decision then. If turo covers the cost of it or mitigates it, should be a win for him, No point in selling right now. And in 2 years he should be near a low on the equinox bottom anyway.
I don’t think we’re talking about very meaningful amounts. How much is maintenance on an equinox? 2-3 oil changes a year and tires every 4 years? And higher rates on a car loan are not that bad. How much would a 1% increase cost? Like $15/mo?
 
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sp00n155

You underestimate the insignificance of my penis
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Jan 30, 2006
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Nobody pointed out to Dusty that he can pretty much get his maintenance deducated on the turo (or a sizable %) so that his taxed on the 8000 is lower?

Separately it seems nobody has seen where rates are at lately. If dusty buys another car he’s going to end up with a way higher interest rate this time around. Run through - get positive on the car over 2 years even and make a decision then. If turo covers the cost of it or mitigates it, should be a win for him, No point in selling right now. And in 2 years he should be near a low on the equinox bottom anyway.
His interest rate is 10% which is still far above average and the maintenance done on it will hopefully not exceed the $25,000 standard deduction for a married couple filing jointly. Furthermore letting his wife file an itemized tax return sounds like a real great idea considering she has a degree in accounting and still thinks the $679 a month they're paying for this truck goes 100% towards the principal of the loan, despite having documents clearly outlining the interest rate.
 
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Mike00

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Feb 11, 2005
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His interest rate is 10% which is still far above average and the maintenance done on it will hopefully not exceed the $25,000 standard deduction for a married couple filing jointly. Furthermore letting his wife file an itemized tax return sounds like a real great idea considering she has a degree in accounting and still thinks the $679 a month they're paying for this truck goes 100% towards the principal of the loan, despite having documents clearly outlining the interest rate.

His credit Isn’t good. Do you think he suddenly is going to be able to get a better rate After next months fed raise it’s hard to see him getting better rates in near term (even good credit looks to be about 6.5% on used cars). I’m not saying he shouldn’t turo It. But he is sort of against a wall. Just mitigate the costs with turo and in 2 years he might have options. Because he sure as hell doesn’t right now.

Not even going to touch that end point not sure how thye would think it’s going towards 100% principal.
 

sp00n155

You underestimate the insignificance of my penis
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Jan 30, 2006
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Bisbee, AZ
His credit Isn’t good. Do you think he suddenly is going to be able to get a better rate After next months fed raise it’s hard to see him ever being bale to get below it. I’m not saying he should turo It. But he is sort of against a wall. Just mitigate the costs with turbo and in 2 years he might have options. Because he sure as hell doesn’t right now.

Not even going to touch that end point not sure how thye would think it’s going towards 100% principal.
Hey don't post in here anymore you are out of your depth.

He needs to eliminate the second vehicle entirely, and more importantly cannot afford a car payment regardless of the interest rate. We're helping him work out a solution to get there, he doesn't need a second waterhead in his ear reaffirming his desire to keep the car.
 

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