Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

Look, we’re all for a pinch or two of financial prudence around here. Springing for luxury items just isn’t in the cards for most of us, despite the lavish recompense* deigned upon us by our corporate overlords in Downtown Canada. (*note: the recompense isn’t actually lavish at all).


But even we feel comfortable calling out moronic fiscal advice when we see it. Case in point – a post on a website called Investopedia suggests that anyone making $100,000 per year should spend no more than roughly $15,000 on a car.

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Opinion: You Should Not Tune Your Daily Driver

The Fast and Furious franchise gets a lot wrong when it comes to tuning cars – but what thing it gets mostly right is the spirit of family that comes with that lifestyle.

Normal people don’t tune their cars,” the great Jack Baruth told me, years ago. “Normal people buy Camrys and don’t think about their cars at all until it’s time to buy their next one.”

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Ask Bark: Why Won't They Buy Back My Lease?

As I look at all of the questions I’ve received via the Ask Bark inbox over the years, I find that a disproportionate number of them are on the topic of leasing. In all honesty, leasing isn’t that hard to understand. You’re paying the cost of depreciation over the time you use the car, plus interest. Of course, there are other factors involved, and one of those is what happens when a leased car is returned to the dealership. Our friend, Brian, a longtime TTAC reader, turned in his Buick Regal recently and was a little compuzzled (that’s a word my son made up, but I think it fits perfectly here) about what happened. Let’s read.Hi Bark:I had previously asked this to a certain Jalopnik car sales expert and got a bit of a glib, didn’t really read my question answer so I thought I would take another stab and reach out to an actual expert.Back in May I turned in a leased 2016 Buick Regal GS (FWD – auto – black) and I got stuck with the $495 disposition fee. I took over the lease from someone else and I got a pretty darn good deal so I really can’t complain too much.I took the car to several GM/Buick dealers toward the end of the term to see if they wanted to buy it. It was in good shape and it was almost 10k miles under the maximum. The residual was $19k and change plus taxes and fees. I knew I wasn’t going to make money on it, I really just wanted them to take it at residual and relieve me of the disposition fee obligation. The closest offer I got was $18k with most around $16k. One dealer told me they would pay the leasing company the residual themselves in order to keep it on the lot if they wanted to sell it.Is this true? The dealership I turned it in to wouldn’t buy it from me but they kept it and sold it on their used lot. Did they actually pay the leasing company the residual to keep it and if so, why not buy it from me at the same price?Can you enlighten me?Thanks,BrianCan I? You bet I can.

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Ask Bark: Bitten by a Bark's Bite

One of the great joys I’ve had over the last six years of writing for this site has been offering my advice (for what it’s worth) to the loyal readers of TTAC, the Best & Brightest. Nearly every person whose question I’ve answered has written to tell me that they appreciated what I’ve written in response to their advice, even if he or she didn’t follow it exactly. But today, I got an email from somebody who ended up feeling the sting from my words. Let’s hear from our friend Quincy and see if we can help him.Hi Mark,I was recently reading your article about the deals that could be had on left over inventory and I felt inspired to test the waters. My local Buick dealer in Metro Detroit had a 2018 Regal TourX Preferred in silver with a MSRP of $36k and I was happy to take it home for $23.5k before TTL. However, the honeymoon came to a screeching halt as I was introduced to the concept of lot rot. Back to the dealer for new brakes. To make a long story short, the driver’s front wheel came off during the technician’s new brake road test and moved in a generally northeast pattern towards the A-pillar. With only 444 miles, my car sits in the dealer’s back lot with a driver’s door impinged by a front fender. The only offer from the owner of the dealership is to let them repair the car in-house or they won’t cover the costs of the repairs. Do I really want the dealership that damaged the car to fix it? With no parts is sight (GM strike) and a damaged vehicle history, I’m finding the dealer’s offer leaves me less than satisfied. So what would you do in my shoes?Thanks,QuincyUgh. That sucks.

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Poor Prior Pre-Purchase Planning Promotes Pao Problems

Some cars seem to excite a primordial part of our lizard brain, prompting us into ill-advised purchases.

A brother of mine once bought a Pantera sight-unseen, based on eBay thumbnail photos and boundless faith in his fellow man to Do The Right Thing. The De Tomaso rust bucket that arrived on a flatbed a month later might as well have been the trash can that Mookie heaved through Sal’s window in a fit of pique.

Hard-headedness must be genetic. I also stepped on the same metaphorical rake in the shape of an engine swapped Honda Insight, its K20a drivetrain from a JDM Acura RSX-R being the siren song that lured my ship onto the rocks … but that’s a tale I’ll save for another day. As a result, I’ve resolved to stop being a ready-fire-aim kinda guy: from now on, when buying distant cars, I’m getting a pre-purchase inspection.

Now my eccentric fiancée has her heart set on a 1989-91 Nissan Pao, a car that has graced these hallowed pages before.

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Winter Tires: Business Up Front or Party in the Back?

Suppose you have a front-wheel-drive vehicle and you’re looking to fit a set of winter tires. Also, let’s assume that two of those tires have much more tread depth than the other two. On which end of the car do you install the better rubber?

According to the CBC, a woman in Dartmouth, Nova Scotia, Canada (that’s my town!) ran into just this problem, complete with conflicting advice from two repair shops: One said putting the fresher rubber up front is safer as the vehicle is front-wheel drive, while the other said giving the rear more grip is the best course of action to reduce the chance of a spin out.

Which one is correct?

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How An 86-Year-Old African-American Woman Was Charged Over Sticker For Last Year's Buick

Imagine the following scenario: You’re a Buick salesman. An elderly woman comes into your showroom to inquire about a replacement for her Regal. You decide that she’s a great candidate for an Encore, and since you have some previous-year Encore stock you decide that she’s a great candidate for a 2015 Encore instead of the new model. There’s a $149/month lease deal available from GM Financial. What kind of deal do you make for this woman?

If your answer is, “I’d charge her over sticker for the vehicle, switch the lease company to make some back-end money, and add nearly a thousand dollars of profit in fees above that,” then you might just be the salesman that Buick GMC of Beachwood, OH needs.

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Bark's Bites: The High Price of Value

A few weeks ago, on this very collection of ones and zeroes, I asked the question, “Why Does The Public Accept Car Reviews From People Who Can’t Drive?” I got several responses from you, the B&B, that seemed to indicate that a car’s top-end performance abilities don’t really matter to you when buying a car and that you can determine everything that you need to know about a car’s performance on a test-drive loop. Therefore, many of you suggested that whether or not a person is a good driver should not be a qualifying characteristic of an automotive journalist, because you aren’t particularly interested in ever driving your car in a way that would test its limits.

Okay. Hey, it’s your opinion, and I respect you for it. I couldn’t agree with it less, but I still respect it.

However, if the public really believes that the pointy end of a car’s limits on track or a curvy road don’t matter, then why the heck do so many people buy the performance variants of cars?

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New or Used: Red Rover, Red Rover. Should Tim Get A Land Rover?

Tim writes:

Tim from Hooniverse here, looking to see what you and the B&B have to suggest.

I’m writing for recommendations to replace my ’69 Wagoneer as the Family Dirtwagon. The Wagoneer’s great as a 46-year-old classic, but it’s a 46-year-old classic, and is a little too old, project-y and fragile for what I need. We’re talking about the fourth car in the fleet, aside my wife’s Mazda5 (6MT FTW!), my ’64 Falcon and the ’62 Ranchero LeMons racer.

What’s it need to do?

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How to Best Sell Your Car on EBay From a Former Bring-A-Trailer Deal Spotter

As I’ve mentioned before, I spent about four years as a “deal spotter” for Bring A Trailer. Much of that work consisted of browsing eBay, Craigslist, and various marque-specific forums looking for interesting deals on classics. Of course, I have a day job as well, so I try and minimize the time I actually spend looking at cars while simultaneously looking like I’m actually working. The eBay app for my Android helps in this matter, so I can work on my side job while indisposed.

So, I spend nearly an hour or two every day trying to quickly assess every car by the lead photo before moving on. I can quickly spot deals or find those auctions that won’t sell. It’s like automotive Tinder – swipe left for the rotted F-body, swipe right for the longhood 911.

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Should I Pay Cash for a New Car? Probably Not.

You have worked hard to save the $20,000 you need to purchase the car of your dreams. You’re ready to step into the dealership, walk straight to the manager in the back, plunk down those greenbacks, and say, “I have cash! Give me your best price!”

This may have worked in the days before electronic banking and factory rebates, but paying cash today will likely cost you more.

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You Can't Argue The Price After You've Bought the Car

Welcome, ladies and gentlemen, to a new column I’d like to call: You’re an asshole if you do this. This can cover a wide range of automotive topics, including using a stack of keywords at the bottom of your Craigslist ad that’s longer than the actual ad itself.

But today, the topic is people who argue about the price after they’ve already bought the car. This has never happened to me, but I’ve heard stories about it happening to some people. After several minutes of serious thought, I’ve decided that I think it’s one of the most ridiculous things that we humans can do to one another, aside from parking in that little cross hatch space between the disabled parking spots.

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New or Used? : I Loves My Truck
Thanks for your recent article about buying auto parts. I recently bought a well used ’95 F-150 with the venerable 302 and Mazda five-speed. When I say well used, I mean the engine has about 253,000 on the clock and sounds like it is on its last legs. I’m pretty sure I can hear the jugs rattling in the cylinders when I first fire it up, the idle hunts all over the place and it has about as much power as the Ukrainian president. I’d like to put a new mill in it. The previous owner spent a lot of time and money doing everything but engine work. Where’s a good place to start looking for a used motor, or should I spill the coin to have this tired old unit rebuilt?Steve Says:
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How To Buy A Used Car Part 4: Negotiating

When it comes to buying a used car there are two basic negotiating mindsets. You can either be fair and decent or unfair and obnoxious. If you seek to chisel and deceive then chances are you will get a bad car. Only the desperate and deceitful are willing to put up with that type of BS.

Want a ‘great’ car? Then realize that many sellers respond extremely well to honesty and decency. Win – win is no sin. So, karma lovers, here’s some tips for negotiating the purchase of a used car by observing the Golden Rule.

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Question Of The Day: Who Gave You The Best Advice… About Cars?

The best advice I ever received about cars came from a fellow named Charlie.

He sat me down. Looked right into my 22 year old face and told me,

“You know nothing!”

He was right.

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  • AZFelix Hilux technical, preferably with a swivel mount.
  • ToolGuy This is the kind of thing you get when you give people faster internet.
  • ToolGuy North America is already the greatest country on the planet, and I have learned to be careful about what I wish for in terms of making changes. I mean, if Greenland wants to buy JDM vehicles, isn't that for the Danes to decide?
  • ToolGuy Once again my home did not catch on fire and my fire extinguisher(s) stayed in the closet, unused. I guess I threw my money away on fire extinguishers.(And by fire extinguishers I mean nuclear missiles.)
  • Carson D The UAW has succeeded in organizing a US VW plant before. There's a reason they don't teach history in the schools any longer. People wouldn't make the same mistakes.