Big buy ......next year

• Belly35

  

  What will be your next big purchase this coming year?
  
  
  I think I will get the wife a new car .... Honda Accord or Ford.....?
  Rebuild the back patio stone stair.. cost 3000.00 I will do the work
  Electric fence around my above ground garden ...cost 900.00. I will do the work
  New shed/ with work shop space .... 8000.00
• ernest_t_bass

  

  House
• Spock

  

  truck
• Automatik

  

  Gotta upgrade the DJ setup, probably around $2500.
  
  I may need to purchase a commuter car, depending on my place of employment, but I really hope that doesn't happen. I'd say something <12k.
• Fab4Runner

  

  We will be getting a new car at some point. Just waiting for the 2004 Altima to die.
  
  Building a back deck.
  
  Paying for our wedding/honeymoon.
• iclfan2

  

  Vacation to Europe.
• lhslep134

  

  Fab4Runner;1772119 wrote:We will be getting a new car at some point. Just waiting for the 2004 Altima to die.

  Have you already done some searching? I was in the same situation with my 2005 Dodge Neon and then the AC unexpectedly gave out and I had to scramble to lease a new car...I was expecting the Neon to last another 4 or 5 months.
• Commander of Awesome

  

  I may get a car this yr, had the itch to have wheels for a couple of yrs now. Haven't owned a car since early 09 and drive about ~6 times a yr atm.
• wildcats20

  

  ernest_t_bass;1772115 wrote:House

  This. But most likely will be early '17.
• gerb131

  

  Probably car...but im a tight wad so probably not lol
• GoChiefs

  

  Fab4Runner;1772119 wrote:Just waiting for the 2004 Altima to die.

  If my wifes grandparents die this year, our next big purchase will be their house.
  
  Hopefully, we aren't buying a house in 2016.
• Heretic

  

  Just got a new computer that arrived today, since my old one was getting out-of-date to the point where the 'net was slow, Steam wasn't supported any more and it didn't really have the power to be worth upgrading anyway.
  
  Can't really think of anything major I'd want or need right now, but in a few months, that will probably change. It always does.
• Fab4Runner

  

  lhslep134;1772124 wrote:Have you already done some searching? I was in the same situation with my 2005 Dodge Neon and then the AC unexpectedly gave out and I had to scramble to lease a new car...I was expecting the Neon to last another 4 or 5 months.

  We're going to buy a used truck and a newish car. Probably a Camry or an Accord. I just got a 2013 Fusion a few months ago, so it will be his choice.
• Ironman92

  

  No planned big buys....just the ridiculous amount needed to pay for pharmacy school for the daughter.
  
  Hopefully the cars hold out for all of us.
• GOONx19

  

  Saving up to make several in 2017 when I finish residency.
• BR1986FB

  Fab4Runner;1772119 wrote:We will be getting a new car at some point. Just waiting for the 2004 Altima to die.

  I hate car payments. I'm riding out my Jeep Liberty until, most likely, Labor Day weekend, and then will buy a new(er) vehicle. Kind of interested in the new Jeep Renegade but may go used.
• Con_Alma

  BR1986FB;1772186 wrote:I hate car payments. I'm riding out my Jeep Liberty until, most likely, Labor Day weekend, and then will buy a new(er) vehicle. Kind of interested in the new Jeep Renegade but may go used.

  Car payments are ridiculous. Going into debt for a depreciating asset isn't usually a great idea. With a little discipline people can sink the amount they would have had in a payment until they can purchase with cash.
• ernest_t_bass

  

  I rent my wife's car. Suck on that, responsible savers!
• Terry_Tate

  

  Engagement ring should be it.
• SportsAndLady

  

  Con_Alma;1772188 wrote:Car payments are ridiculous. Going into debt for a depreciating asset isn't usually a great idea. With a little discipline people can sink the amount they would have had in a payment until they can purchase with cash.

  I don't think of a car as an asset. I pay to drive around. It's not ridiculous.
• salto

  

  lhslep134;1772124 wrote:Have you already done some searching? I was in the same situation with my 2005 Dodge Neon and then the AC unexpectedly gave out and I had to scramble to lease a new car...I was expecting the Neon to last another 4 or 5 months.

  
  Yea, no doubt your AC will be needed a lot in the next 4 or 5 months.
• Con_Alma

  SportsAndLady;1772196 wrote:I don't think of a car as an asset. I pay to drive around. It's not ridiculous.

  How you think of it doesn't mean it doesn't most times carry a depreciating market value that's being financed.
  
  Think of it anyway you like. It's an expense...often times a necessary expense. Paying interest on it isn't always the greatest idea when you have the choice not to.
• BR1986FB

  Con_Alma;1772188 wrote:Car payments are ridiculous. Going into debt for a depreciating asset isn't usually a great idea. With a little discipline people can sink the amount they would have had in a payment until they can purchase with cash.

  I agree, to a certain extent. I will usually buy used, not because I can't afford it, but because a new car depreciates the second you drive it off the lot. If I can find something with low miles, that I like, I'll just go with that. My mindset on this upcoming purchase is to just pay cash, new or used.
• Con_Alma

  I would bet most people view it as an asset when the try and sell it or trade it in.
• Con_Alma

  There are exceptions...if you can get a greater return on your reserves after tax than the charged interest expense on the vehicle it may make some sense/cents.