this post was submitted on 20 Nov 2023
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[–] SuiXi3D@kbin.social 74 points 1 year ago (5 children)

I'm in Austin, TX. It BAFFLES me how many folks own these huge trucks and SUVs. My wife and I bought a used Ford Fiesta for $12k, payments are about $225. Even that's tough to swing sometimes. Still, it's been worth it for the gas mileage alone. Currently sitting at about 34mpg. I can't imagine what some of those huge trucks get. Not to mention that I don't understand how they're practical to drive much of anywhere in. Just so damn huge and unwieldy. I'm happy with my tiny car. Would be happier with a train.

[–] KingJalopy@lemm.ee 56 points 1 year ago* (last edited 1 year ago) (6 children)

My buddy was just bragging to me how he just bought a brand new Sequoia with all the bells and whistles and only had to do was take out the equity on his home and he paid cash for the whole thing... Somehow I couldn't get him to understand how fucking stupid it was to take the equity out of his home to buy a fucking fancy car.

[–] Ghostalmedia@lemmy.world 27 points 1 year ago (1 children)

“All I had do to was take money out of the thing that appreciates and put it into the thing that immediately depreciates 20% after I drive it off the lot!”

[–] elvith@feddit.de 10 points 1 year ago

*depreciates 20% the moment the money changed its owner. Another 20% when you get the key and another 20% when you use the key for the first time to unlock it

[–] TenderfootGungi@lemmy.world 13 points 1 year ago

My accountant does that because home mortgage interest is tax deductible and car interest is not. But he can afford his luxury car.

[–] IMongoose@lemmy.world 9 points 1 year ago

Holy shit, that's so stupid lmao.

[–] Stoney_Logica1@lemmy.world 7 points 1 year ago

Holy shit, what a dumb way to spend the equity from your home. My wife and I have a HELOC and it all goes back into the house in the form of improvements.

[–] stolid_agnostic@lemmy.ml 1 points 1 year ago

I'm sorry for your loss.

[–] jordanlund@lemmy.world 1 points 1 year ago (1 children)

Reduce value in an asset that increases to buy an asset that decreases in value... brilliant!

[–] Ilovethebomb@lemm.ee 1 points 1 year ago (1 children)

You do understand that mortgage interest rates are often half that of a car loan, right?

[–] jordanlund@lemmy.world 3 points 1 year ago

Not right now they aren't...

[–] moitoi@feddit.de 16 points 1 year ago* (last edited 1 year ago) (2 children)

34mpg is 6.92l per 100km in non savage units.

[–] Ilovethebomb@lemm.ee 7 points 1 year ago (1 children)

Pretty unimpressive economy actually.

[–] XTL@sopuli.xyz 2 points 1 year ago

Yes. Cars have gotten more fat throughout. I used to drive for less than that on an 80s corolla. 90s ford got to 5.something. My NA v6 Mercedes even got 7-9 in "daily" use.

[–] SuiXi3D@kbin.social 2 points 1 year ago

It’s better than the 8mpg I was getting in an old truck I had inherited. Hated driving that thing.

[–] Wrench@lemmy.world 7 points 1 year ago (2 children)

I'm in southern California. Been wanting an old truck to enable a woodworking hobby, but it's hard to find listings for 20 year old trucks with standard bed for under 10k. 20 years old...

[–] Damage@slrpnk.net 8 points 1 year ago (1 children)

Germans love trailers for their cars, seems like a viable solution

[–] Wrench@lemmy.world 3 points 1 year ago (1 children)

I've considered it, but my driveway is steep, and I'm dubious about my ability to back up with a trailer.

[–] Blackout@kbin.social 6 points 1 year ago

I just rent a truck from home Depot or turo when I need it and it's not often. I have a roof rack on top of my car that handles 99% of larger buys. I hope you know of Bonhoff lumber in Vernon, they've always hooked me up with scraps.

[–] DreadPotato@sopuli.xyz 4 points 1 year ago* (last edited 1 year ago) (1 children)

34mpg that's like 14.5km/L....that's really not very good, it's a bit poor actually for that size of car.

[–] SuiXi3D@kbin.social 9 points 1 year ago

It’s a lot better than the 8mpg I was getting in the truck I had inherited before it died.

The 34 is also an average, on the highway it’s closer to 50-60.

[–] llii@feddit.de 3 points 1 year ago

That's quite high for a Ford fiesta. My hyundai of the same size gets 42 mpg, but it's a european model.