Go Back   Jeep Garage - Jeep Forum > Jeep Platform Discussion > Grand Cherokee - WK2 -

Join Jeep Garage Today
Reply
 
Thread Tools Display Modes
 
  #121  
Old 06-16-2014, 12:31 PM
Premium Member
My Jeep: 2014 5.7L WK2
 
Join Date: May 2013
Location: Colorado
Posts: 2,514
Thanks: 38
Thanked 90 Times in 83 Posts
Rep Power: 43993
lstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond reputelstowell has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by dubwarren View Post
What makes her even hotter is the fact the she drives an SRT. I'm assuming the name SRT girl means she drives an SRT.


Sent from my iPhone using JeepGarage
You could even be assuming she is a girl...
... just sayin'
__________________

__________________
Reply With Quote
  #122  
Old 06-16-2014, 12:40 PM
Rumline's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: Dec 2011
Location: Los Angeles, CA
Posts: 260
Thanks: 67
Thanked 34 Times in 22 Posts
Rep Power: 1409
Rumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Welcome to the Internet: where men are men, women are men, and children are FBI agents.
__________________

__________________

2014 Overland Ecodiesel 4x4 - Adv. Tech - ORA2

Reply With Quote
The Following 2 Users Say Thank You to Rumline For This Useful Post:
  #123  
Old 06-16-2014, 01:33 PM
AquaForester's Avatar
Member
 
Join Date: May 2011
Posts: 551
Thanks: 0
Thanked 7 Times in 4 Posts
Rep Power: 1846
AquaForester has a reputation beyond reputeAquaForester has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by Rumline View Post
Welcome to the Internet: where men are men, women are men, and children are FBI agents.
So funny, yet so true
__________________
Reply With Quote
  #124  
Old 06-16-2014, 05:16 PM
Premium Member
My Jeep: 2014 3.6L WK2
 
Join Date: Aug 2011
Location: NYC
Posts: 691
Thanks: 49
Thanked 18 Times in 12 Posts
Rep Power: 2244
Roki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond reputeRoki303 has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

I had the same quandary while buying my Jeep. At 45k it is a lot of money. I could probably buy fully loaded Subaru outback for 10k less which would work for me.

The question for me was really: "Can I afford to spend 35k (10k less then Jeep) and only like it so, so?"

For me it was not worth it. I would rather spend 10k more on something that I love then waste 35k on something that I don't.

If you can get what you like w/o overstraining yourselve financially just do it. Life is to short.



Sent from my iPhone using JeepGarage
__________________
2014 Jeep GC, V6, Black/Indigo with Adv Tech Package and ORAII
Reply With Quote
The Following 3 Users Say Thank You to Roki303 For This Useful Post:
  #125  
Old 06-16-2014, 07:18 PM
dubwarren's Avatar
Senior Member
My Jeep: 2014 5.7L WK2
 
Join Date: Aug 2010
Location: VA
Posts: 1,136
Thanks: 1
Thanked 18 Times in 16 Posts
Rep Power: 0
dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by lstowell View Post
You could even be assuming she is a girl...
... just sayin'

She's posted pics of herself on here somewhere if I'm not mistaken. I could be wrong though.
__________________
[SIGPIC][/SIGPIC]
Reply With Quote
  #126  
Old 06-21-2014, 03:22 AM
New Member
 
Join Date: Jun 2014
Posts: 3
Thanks: 1
Thanked 6 Times in 2 Posts
Rep Power: 0
BostonSRT8 is on a distinguished road
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by SW03ES View Post
As for my mortgage...I have no interest in paying off my 4% interest tax-deductible mortgage personally. I'll keep that bad boy until I don't have any income from which to deduct the interest.
Although everyone's financials differ, this type of advice is often given by people with mortgages, to other people with mortgages (the blind leading the blind ) not the wealthy, who are debt free and not carrying 30 year mortgages.

In other words, keeping a mortgage (debt) simply for a tax deduction is not sound financial advice. The sooner you can pay your mortgage off the better.
__________________
Reply With Quote
The Following 2 Users Say Thank You to BostonSRT8 For This Useful Post:
  #127  
Old 06-21-2014, 07:38 AM
bill_de's Avatar
Premium Member
My Jeep: 2014 5.7L WK2
 
Join Date: Sep 2012
Posts: 6,306
Thanks: 329
Thanked 358 Times in 312 Posts
Rep Power: 1801826
bill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by BostonSRT8 View Post
Although everyone's financials differ, this type of advice is often given by people with mortgages, to other people with mortgages (the blind leading the blind ) not the wealthy, who are debt free and not carrying 30 year mortgages.

In other words, keeping a mortgage (debt) simply for a tax deduction is not sound financial advice. The sooner you can pay your mortgage off the better.

How true!

Even if you are paying 35% tax rate, you are still out the other 65% that went to the bank in interest. And the money you may make on the money in the bank (or invested) is going to be taxable.

I was told by a sales person when I was shopping for my current house that I should take a mortgage because I get almost all the money back that I pay in the first few years when I do my taxes. When I explained the difference between a deduction and a tax credit she called her boss and confirmed I was correct. She said she had a whole lot of people she had to contact because she could lose her licence for misleading clients.

Giving money to the bank is no more efficient than giving it to Uncle Sam.
__________________
If you need a shoulder to cry on ...

... pull over to the side of the road!
Reply With Quote
The Following User Says Thank You to bill_de For This Useful Post:
  #128  
Old 06-21-2014, 10:13 AM
WK2 Rover's Avatar
Premium Member
My Jeep: 2011 5.7L WK2
 
Join Date: Sep 2010
Location: San Francisco Bay Area
Posts: 255
Thanks: 2
Thanked 7 Times in 5 Posts
Rep Power: 1753
WK2 Rover is on a distinguished road
Re: $50k+ is a lot of money for a new vehicle...

The Grand Cherokee great value compared to other pseudo-comparable vehicles. I had my first Jeep 17 years until I bought the 2011. I fully expect to own this Jeep another 15 to 20 years! I am still very satisfied after 3.5 years. If you amortize the cost it's not that expensive.


Sent from my iPad using JeepGarage
__________________
JEEP 3: 2011 Grand Cherokee Overland 4x4, Hemi V-8 with MDS, Multi-speed Automatic with ERS, Quadra-Drive II with Rear ELSD, Off-Road Adventure Group II, Selec-Terrain, Quadra-Lift, Towing Group IV, Advanced Warning & Adaptive Cruise Control, Bright Silver Exterior with Beige Leather Interior
MODS: All-Terrain tires, Passenger-side "Trail Rated" Badge, "5.7L" and "Hemi" Badges, "70th Anniversary" Badge, Mopar Cold Air Intake, Custom Engine Cover, Chrome Fog Light Bezels, Bright Pedals, Illuminated Door Sills, WeatherTech in front / back / cargo / license plate frame, Mopar Roof Rack, Thule Ski Rack, Thule MOAB Cargo Basket
JEEP 4: 2014 Cherokee Trailhawk 4x4, 3.2 liter V-6, 9-speed Automatic with ERS, Active-Drive II with Rear ELSD, Technology Group, Comfort Group, Cold Weather Group, Granite Exterior with Brown Interior
Reply With Quote
  #129  
Old 06-21-2014, 10:19 AM
dubwarren's Avatar
Senior Member
My Jeep: 2014 5.7L WK2
 
Join Date: Aug 2010
Location: VA
Posts: 1,136
Thanks: 1
Thanked 18 Times in 16 Posts
Rep Power: 0
dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren
Re: $50k+ is a lot of money for a new vehicle...

50 grand is the new 30 grand nowadays. 70k is a lot for a vehicle, to me, not 50.
__________________
[SIGPIC][/SIGPIC]
Reply With Quote
  #130  
Old 06-21-2014, 11:35 AM
New Member
 
Join Date: Jun 2014
Posts: 3
Thanks: 1
Thanked 6 Times in 2 Posts
Rep Power: 0
BostonSRT8 is on a distinguished road
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by bill_de View Post
How true!

Even if you are paying 35% tax rate, you are still out the other 65% that went to the bank in interest. And the money you may make on the money in the bank (or invested) is going to be taxable.

I was told by a sales person when I was shopping for my current house that I should take a mortgage because I get almost all the money back that I pay in the first few years when I do my taxes. When I explained the difference between a deduction and a tax credit she called her boss and confirmed I was correct. She said she had a whole lot of people she had to contact because she could lose her licence for misleading clients.

Giving money to the bank is no more efficient than giving it to Uncle Sam.

Exactly.

If you want a tax deduction, give money to charity, not the government
__________________
Reply With Quote
  #131  
Old 06-21-2014, 01:55 PM
Member
 
Join Date: May 2014
Posts: 16
Thanks: 1
Thanked 0 Times in 0 Posts
Rep Power: 188
brian.addy is on a distinguished road
Re: $50k+ is a lot of money for a new vehicle...

Wow. This post is too long.
1) Price is only an issue in the absence of value.
2) Assuming he has all his risks covered (life, disability, etc) and is throwing 15-20% to a retirement plan with little or no debt, I have no issue with a 50K vehicle.
3) I could argue keeping my mortgage at 2.875%, getting the tax deduction, while investing what I would have used to pay it off in a balanced MFund making 7.5%. With good credit, borrowed money I pretty cheap nowadays.
__________________
Using Tapatalk
Reply With Quote
  #132  
Old 06-22-2014, 12:19 PM
SW03ES's Avatar
Premium Member
My Jeep: 2014 3.6L WK2
 
Join Date: Jun 2011
Location: Gaithersburg, MD
Posts: 1,784
Thanks: 14
Thanked 45 Times in 39 Posts
Rep Power: 1303454
SW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by BostonSRT8 View Post
Although everyone's financials differ, this type of advice is often given by people with mortgages, to other people with mortgages (the blind leading the blind ) not the wealthy, who are debt free and not carrying 30 year mortgages.

In other words, keeping a mortgage (debt) simply for a tax deduction is not sound financial advice. The sooner you can pay your mortgage off the better.
I don't keep a mortgage simply for a tax deduction, I also keep it because the cash that I invest earns me a better return than what I am paying in interest on the mortgage, ESPECIALLY when you factor in the true cost of the mortgage after what is saved in the tax deduction. Keeping it simply for the tax deduction doesn't make sense because the cost of the mortgage is higher than the tax savings, but when coupled with the performance of my investments I promise you my mortgage doesn't cost me money overall.

Your opinion certainly is different than mine, but I am not "blind". I'm successful, I've invested well, and my approach works for me. So, keep your value judgements about me to yourself.

PLENTY of wealthy people use debt to their advantage, if thats not something you believe it or want to do yourself, fine. If you want to post your viewpoint respectfully for discussion and consideration, fine. Calling me "blind" just devalues you and your point of view.
__________________

__________________
~Steve~
2014 Jeep Grand Cherokee Overland V6 4X4. Maximum Steel w/ Vesuvio Jeep Brown/Indigo Blue. Advanced Tech Pkg.
2013 Lexus GS350 AWD, Liquid Platinum w/ Flaxen. Luxury & Cold Weather Pkg
Previous Jeep: 2011 Grand Cherokee Laredo X w/Nav, QT1 & Trailer Tow
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


Similar Threads
Thread Thread Starter Forum Replies Last Post
WK 4" Superlift @ 50k miles RedRocker Off Road Modifications 0 11-02-2013 09:27 PM
When did a V6 Jeep Grand Cherokee become worth $50k? Srt8_hmi Grand Cherokee - WK2 - 55 02-07-2013 11:53 PM
50k service? akimball Troubleshooting/Problems 4 04-28-2012 03:03 PM
Turned 50k today! BlackedOutWK Grand Cherokee - WK 20 08-19-2011 06:33 AM
So the obnoxious $50k Stone White comes home tomorrow Jpjr Grand Cherokee - WK2 - 11 03-21-2011 11:22 AM

Powered by vBadvanced CMPS v3.2.3

All times are GMT -5. The time now is 09:43 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Copyright 2012 - JeepGarage.Org
The Jeep Grand Cherokee Owners Community

JeepGarage.org is in no way associated with or endorsed by Chrysler Group LLC.