Free 7 Day Trial RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Free 7 Day Trial ×
 


Reply
 
Thread Tools Display Modes
 
Old 07-02-2021, 08:14 AM   #1
Junior Member
 
Join Date: Oct 2013
Location: BOERNE TX
Posts: 3
How?

Guys,

How can anybody afford a ~$70,000 vehicle?

Even a 10 year loan/note would be ~$800/month.

Maybe everybody is living in their vans?

$800 is a reasonable rent payment.

Any advice would be appreciated, I would love to have such a cool van.

Texfamvan

2011 ford e350 van bought 1 year old for $17,000 with $400 chateau bed/seat from craiglist, Thule box, Thule bike racks, Thule roof rack, front and rear trailer hitches with hitch hauls for gear, an affordable sportsmobile, at least for me.

Oh yeah, how am I prepared financially? Undergraduate degree in geology, graduate degree in geophysical engineering, 40 years in Texas oil and gas industry, likely highest paying industry in America, and,,,,,,,,,,first generation American, no inherited wealth, maybe that's the rub?
__________________

texfamvan is offline   Reply With Quote
Old 07-02-2021, 11:20 AM   #2
Senior Member
 
simplesez's Avatar
 
Join Date: Aug 2015
Location: Golden, CO
Posts: 846
You seem like a smart person. So you know there are lots of ways to pay for a $70k van. For some it is easy for some it is hard. Either way it isn't my business or worth my time to ponder it. All I know is that there isn't some universal hand out getting people rich. Get that paper however you need to...or don't.
__________________

simplesez is online now   Reply With Quote
Old 07-02-2021, 11:58 AM   #3
Senior Member
 
Join Date: Feb 2015
Location: South Lake Tahoe
Posts: 102
Instagram and social media are the culprits to the current economic conditions in the van market. Simple economics....low supply and high demand. Right now, people will literally do anything to have a van, and that includes making highly irrational financial decisions.

If the "rule" was that each person had to pay for their van in cash and had to earn all of that cash themselves I am sure things would be much different. Just like housing...its up to you to decide how far you want to extend to play the game against the people that truly just don't give a s*** about being financially responsible.

My best guess is that based on the way things have been trending I think most people think there are no consequences for financial implosion....perhaps they are right ��!
clicker44 is offline   Reply With Quote
Old 07-02-2021, 12:21 PM   #4
Senior Member
 
gahamby's Avatar
 
Join Date: Sep 2017
Location: VIRGINIA
Posts: 577
Garage
Start yourself a Van Fund. I like a low fee, passively managed, S&P 500 index fund. (Opinions may vary) Start putting in money. Reassess your priorities. What are you spending money on that is less important than that full dress Sportsmobile?
You have a van already, so there's a start.
__________________
'07 GMC 2500 6.0
gahamby is offline   Reply With Quote
Old 07-02-2021, 12:25 PM   #5
Senior Member
 
Join Date: Sep 2020
Posts: 132
I've always guessed people somehow have the cash to pay for these vans. Making payments for any type of expensive vehicle does not make any sense to me.
N147JK is offline   Reply With Quote
Old 07-02-2021, 12:49 PM   #6
Senior Member
 
simplesez's Avatar
 
Join Date: Aug 2015
Location: Golden, CO
Posts: 846
The current generation doesn't see cash as important as the elder generation. Expecting to change their mind will only find you frustration. Payment plans are normalized from a young age. Things like cryptocurrency and the stock market as legal gambling has more power than paper money to them. Now with massive inflation you'll see them see cash as even less important. What the old generation needs to be teaching the kids is how tax evasion works because every rich person I know pays as little tax as possible with some creative money management
simplesez is online now   Reply With Quote
Old 07-02-2021, 05:01 PM   #7
Senior Member
 
Twoxentrix's Avatar
 
Join Date: Mar 2015
Location: Annapolis, Maryland
Posts: 2,382
Garage
"Any advice would be appreciated, I would love to have such a cool van.
Texfamvan"

__________________
TwoXentrix
"AWOL"
Twoxentrix is offline   Reply With Quote
Old 07-03-2021, 10:46 AM   #8
Site Team
 
daveb's Avatar
 
Join Date: May 2007
Location: Turlock Ca
Posts: 10,217
Garage
It's the same way someone purchases a cabin as a second home or a big boat. I paid 120K in 2006 for my van. Took out a second on my house.
__________________
2006 Ford 6.0PSD EB-50/E-PH SMB 4X4 Rock Crawler Trailer

Sportsmobile 4X4 Adventures..........On and off road adventures
daveb is offline   Reply With Quote
Old 07-08-2021, 11:04 AM   #9
Junior Member
 
Join Date: Nov 2020
Posts: 18
Try buying a house in southern California where anything decent starts at a million dollars. So. You've worked hard and saved up 200k for your 20% down payment...... But

Then when you make an offer you are competing against people who are making ALL cash offers. You might think I'm exaggerating, but that is not the case.

I'm not sure where all this cash comes from these days, but it's out there and somehow lots of people have it.
rescuejg is offline   Reply With Quote
Old 07-08-2021, 11:14 AM   #10
Senior Member
 
DosMars's Avatar
 
Join Date: May 2012
Location: Long Beach, Ca.
Posts: 222
Quote:
Originally Posted by texfamvan View Post

Oh yeah, how am I prepared financially? Undergraduate degree in geology, graduate degree in geophysical engineering, 40 years in Texas oil and gas industry, likely highest paying industry in America, and,,,,,,,,,,first generation American, no inherited wealth, maybe that's the rub?
I'm guessing with your job and years in the industry that you've got money invested somewhere.
My wife and I decided the interest we were making on the money we had saved up was worth less than the memories we were going to make with the SMB. She was on board and after looking at a few we picked up a 7.3 pop-top with most of my "wish list" items ticked off for $50k.
Best investment we've ever made...
__________________

__________________
Test test test, this is where the signature goes
DosMars is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Powered by vBadvanced CMPS v3.2.3
Disclaimer:

This website is not affiliated with or endorsed by Sportsmobile SIP or any of its affiliates. This is an independent, unofficial site.


All times are GMT -6. The time now is 10:21 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
×