My mom, who is in a hospice, wants to give me some money to buy a car. I've bought exactly one car in my life and didn't do a great job. What do I need to think about? How should I go about it?
I'm leaning towards a Jeep Wrangler, hopefully with a detachable roof *if* I can get some assurance it's not too fucking cold in the winter. Need a car that can handle snow and ice. I love the idea of program cars, those cars you take for test drives. My mom's last two purchases were program cars and it seemed like the price reduction for car with 500 miles on it was fantastic.
My brother is pushing the idea of one of those online services that get nearby dealerships to bid. TrueCar??
Should I wait for giant savings at the end of the model year?
fleeing the country by car?
Quote from: Admiral Yi on January 26, 2017, 03:53:54 PM
I'm leaning towards a Jeep Wrangler, hopefully with a detachable roof *if* I can get some assurance it's not too fucking cold in the winter. Need a car that can handle snow and ice.
As far as my hardtop goes, keeping a Jeep Wrangler warm in the winter isn't the problem (the heating system and vents are like afterburners), it's keeping it cool in the summer. Not sure how a ragtop would do as far as the heat goes.
Softtop wasn't bad in the winter due to the hilariously good heating system Seedy mentioned. The winters, of course, aren't bad here at all, but just aim a couple of those vents at yourself and you could probably go most of the year without a top on it at all.
In the summers, which are bad here, it wasn't too hot with either top type on there (a/c worked fine and all that), but I needed a Spider Web Shade for when the top/front panels was/were off, since otherwise I'd roast in there.
E: You can toast your fingers pretty good taking off a hard top after its been sitting out in the sun too.
Quote from: MadBurgerMaker on January 26, 2017, 04:46:19 PM
E: You can toast your fingers pretty good taking off a hard top after its been sitting out in the sun too.
Ain't that the truth. Fuck. All metal and no insulation. And in the dead of summer, driving home at hottest point of the day? With that hardtop, it's like driving a toaster oven. :bleeding:
I've never had a Jeep, but people I know who have had those with the detachable covers complained that it was hard to keep warm in 'em during the winter. I would stay away from a Wrangler unless you're planning on doing some real off-roading, in which case it becomes one of the relatively few SUVs with true off-road ability.
Anyway, first step, figure out how much you're going to be able to spend. How much is your mom giving you? Is it going to be enough to pay cash for a decent program car, and if not and you have to just use it for the down payment, how much can you afford in monthly payments? (And keep in mind that if you are going to make payments, you'll have to carry full coverage insurance instead of just liability, so your insurance premiums will be much higher.)
Then start thinking about features you want. You want something that holds the road well in ice and snow? OK, an SUV will work, but you don't have to stick to SUVs. There are other all-wheel drive options, and a lot of front-wheel drive vehicles will do just fine.
Of course, there are a lot of other feature you'll want to consider. 2-door or 4-door? Manual or automatic? Etc.
I wouldn't worry too much about waiting till the end of the model year. That used to be a good strategy, but it doesn't have as much impact anymore best as I can tell.
Obviously, get a used FJ. :P
Toyota Corolla.
Quote from: Admiral Yi on January 26, 2017, 03:53:54 PM
I'm leaning towards a Jeep Wrangler, hopefully with a detachable roof *if* I can get some assurance it's not too fucking cold in the winter.
I've had detachable roof in most of my cars, and it's not too fucking cold in the Quebec winter, either GM cars or Mercedes.
So long as you avoid any German piece of crap assembled in the US, you should be ok. Maybe Mercedes and BMW are good in Europe, but in NA, you'll spend more time on repairs than enjoying your car.
I don't know what the summers are like in Iowa, but after getting used to air conditionning, I couldn't live without it in my car.
Getting a 4x4 for winter is certainly not a bad idea, but I'd tend to stay away from a Wrangler. It's not very good on gas, not very great on roads, and the soft-top has all the disadvantages that have already been mentioned.
Why not do like everyone else and get a nice cross-over? Or just go out and buy a full 4x4 truck like a nice Tacoma?
if yi doesn't drive often, he might not want a huge vehicle that has poor turn radius. I drove a truck once and it was OK, but I had my friend park it
Quote from: dps on January 26, 2017, 05:13:34 PM
(And keep in mind that if you are going to make payments, you'll have to carry full coverage insurance instead of just liability, so your insurance premiums will be much higher.)
Very helpful info. Thanks.
She wants me to liquidate her AT&T position worth 31K right now. Since she's not dead now gift tax applies which my brother says the freebie is 14K a year but I'm supposed to research and doublecheck.
Beeb: Crossovers seem like such soccer mom cars to me. I've never had a mid life crisis car. I deserve one.
Is the Wrangler still flippy?
Lease trade ins are great deals--capped mileage for 3 years, and somebody else already ate the depreciation. Never been unhappy with a lease trade-in.
Quote from: Admiral Yi on January 26, 2017, 10:53:59 PM
Beeb: Crossovers seem like such soccer mom cars to me. I've never had a mid life crisis car. I deserve one.
May your first mid life crisis car be a masculine car.
Probably plenty of BMW X5 lease turn-ins out there.
Quote from: Admiral Yi on January 26, 2017, 10:58:43 PM
Is the Wrangler still flippy?
It sits high, so it's possible. the 4-door has a longer wheel base, so they're not as flippy or as rough a ride. But the great thing is they're fun to drive, easy to park, and you don't have to worry about people banging their doors into it if you get running boards.
Could always go Cherokee.
Quote from: CountDeMoney on January 26, 2017, 10:58:56 PM
Lease trade ins are great deals--capped mileage for 3 years, and somebody else already ate the depreciation. Never been unhappy with a lease trade-in.
Repeat transmission in English.
Quote from: Admiral Yi on January 26, 2017, 11:04:51 PM
Quote from: CountDeMoney on January 26, 2017, 10:58:56 PM
Lease trade ins are great deals--capped mileage for 3 years, and somebody else already ate the depreciation. Never been unhappy with a lease trade-in.
Repeat transmission in English.
Somebody leases a car for 3 years. Then they turn it in for another car. The dealer sells it. It's a used car, but they're usually in much better shape due to the mileage restrictions (10k to 12k or so a year) and people usually take much better care of them.
Quote from: CountDeMoney on January 26, 2017, 11:09:04 PM
Somebody leases a car for 3 years. Then they turn it in for another car. The dealer sells it. It's a used car, but they're usually in much better shape due to the mileage restrictions (10k to 12k or so a year) and people usually take much better care of them.
So like a certified pre-owned blah blah blah? Sure I could go for that.
Quote from: Admiral Yi on January 26, 2017, 10:53:59 PM
Beeb: Crossovers seem like such soccer mom cars to me. I've never had a mid life crisis car. I deserve one.
They are soccer mom-ish for sure. Though hugely practical - I thought our RAV4 would be super boring, but I really have grown to like it.
But I still miss my truck. Come on you live in Iowa - the chicks will dig it if you get a nice F150. :cool:
Quote from: Barrister on January 26, 2017, 11:10:54 PM
They are soccer mom-ish for sure. Though hugely practical - I thought our RAV4 would be super boring, but I really have grown to like it.
But I still miss my truck. Come on you live in Iowa - the chicks will dig it if you get a nice F150. :cool:
But do I want to be dug by the kind of chick that digs a nice cool F150?
Quote from: Admiral Yi on January 26, 2017, 11:10:27 PM
So like a certified pre-owned blah blah blah? Sure I could go for that.
yeah, practically the same thing. Nice thing is, because lease agreements have mileage caps, they're usually pretty low. My Jeep was 3 years old with only 27K on it, and IIRC, when I got my Cadillac it only had 18K after 3 years.
Very popular with old people, people with money and people that just like to drive new cars every year or three.
So you can spend less money for a higher end car than buying a lower end car brand new, taking the immediate depreciation hit.
Quote from: Admiral Yi on January 26, 2017, 03:53:54 PM
My mom, who is in a hospice, wants to give me some money to buy a car. I've bought exactly one car in my life and didn't do a great job. What do I need to think about? How should I go about it?
I'm leaning towards a Jeep Wrangler, hopefully with a detachable roof *if* I can get some assurance it's not too fucking cold in the winter. Need a car that can handle snow and ice. I love the idea of program cars, those cars you take for test drives. My mom's last two purchases were program cars and it seemed like the price reduction for car with 500 miles on it was fantastic.
My brother is pushing the idea of one of those online services that get nearby dealerships to bid. TrueCar??
Should I wait for giant savings at the end of the model year?
Look at the Subaru Impreza, less expensive and better quality than the wrangler. Especially if you are comparing for winter driving.
Quote from: dps on January 26, 2017, 05:13:34 PM
(And keep in mind that if you are going to make payments, you'll have to carry full coverage insurance instead of just liability, so your insurance premiums will be much higher.)
They will be higher, but whether they'll be
much higher really, really depends on too many circumstances to mention. It's never a bad idea to get online insurance quotes on various options and compare for you own circumstances.
Quote from: Barrister on January 26, 2017, 09:39:20 PM
Getting a 4x4 for winter is certainly not a bad idea, but I'd tend to stay away from a Wrangler. It's not very good on gas, not very great on roads, and the soft-top has all the disadvantages that have already been mentioned.
Yeah, that's why I suggested that he stay away from the Wrangler, not because of the possibility of it being hard to keep warm in winter.
My info on how bad the heating system is appears to be out-of-date, going by what others have posted. I guess I should have mentioned that what I had heard was from people who owned Jeeps back in the 1980s or even earlier.
QuoteWhy not do like everyone else and get a nice cross-over? Or just go out and buy a full 4x4 truck like a nice Tacoma?
As I said, he doesn't have to get a SUV, cross-over, or pickup. There are lots of AWD cars available too, and FWD isn't unreasonable in bad whether.
BTW, Yi, if you do decide you want AWD, you should consider whether or not you want full-time AWD or some sort of part-time or on-demand AWD. Generally the part-time or on-demand systems drive better on dry roads and are better on gas mileage, but that varies a lot from vehicle to vehicle, and some of the part-time systems are pains in the ass.
I don't need AWD. I need a car can handle slick and has some cool.
Get a Mercedes.
Quote from: Zanza on January 27, 2017, 12:33:44 AM
Get a Mercedes.
Got any idea how much a three year old lease return entry-level Merc would go for in the Iowa City-Cedar Rapids market?
And do you have a secret password I can use to shave a couple clams off the price?
No and no.
It's just my general unreflected advice to anybody who needs any kind of vehicle. :P
Aren't Jeeps like the most unreliable, shitty cars in America?
No comment. :ph34r:
I was wrong.
http://www.newsday.com/classifieds/cars/consumer-reports-best-and-worst-car-brands-in-2016-include-audi-subaru-and-lexus-1.11504841
Jeep is 29th out of 30 car brands in America.
So you know, you could do worse, if you wanted a Fiat.
Quote from: Berkut on January 27, 2017, 10:45:58 AM
Aren't Jeeps like the most unreliable, shitty cars in America?
I suppose any vehicle could qualify for that description if the owner doesn't take care of it.
Don't you mean "shittiest" as opposed to "shitty," or are there reliable, shitty cars out there too? And if so, which ones are the most reliable, shitty cars in America?
Whew, thanks for the link!
Quote from: Admiral Yi on January 27, 2017, 12:28:25 AM
I don't need AWD. I need a car can handle slick and has some cool.
You said you wanted a car for ice and snow. Why wouldn't you need AWD for that? If you don't care about safety in those conditions get whatever you want. But if you do care about driving safely in those conditions look again at the Subaru. The gas mileage is about equivalent to other non AWD vehicles in its class. So, from a safety and cost perspective, its an easy choice.
Quote from: crazy canuck on January 27, 2017, 04:29:53 PM
Quote from: Admiral Yi on January 27, 2017, 12:28:25 AM
I don't need AWD. I need a car can handle slick and has some cool.
You said you wanted a car for ice and snow. Why wouldn't you need AWD for that? If you don't care about safety in those conditions get whatever you want. But if you do care about driving safely in those conditions look again at the Subaru. The gas mileage is about equivalent to other non AWD vehicles in its class. So, from a safety and cost perspective, its an easy choice.
He wants it to "have some cool". Not sure a Subaru qualifies.
WRX are pretty slick.
Quote from: MadImmortalMan on January 27, 2017, 04:49:56 PM
WRX are pretty slick.
Admiral Yi is asian, so maybe he would think a ricer car would be cool... :hmm:
Quote from: Admiral Yi on January 27, 2017, 12:28:25 AM
I don't need AWD. I need a car can handle slick and has some cool.
Look at a Ford Focus or Chevy Impala.
What our good friend Yi should do is just own the mid-life crisis and buy a Mustang or Camaro. Put some snow ties on the thing and it'll be passable for winter driving.
Quote from: Barrister on January 27, 2017, 05:54:21 PM
What our good friend Yi should do is just own the mid-life crisis and buy a Mustang or Camaro. Put some snow ties on the thing and it'll be passable for winter driving.
:lol: yeah, it'll be passable alright. As all the 4x4s pass it when it's in a ditch.
I've thought about getting a car a few times recently :gasp:
But it's just too much hassle; legalities, paperwork, parking, traffic, more parking, dangerous texting arseholes on the roads, more traffic and finally having to park, lock and secure the thing from vandals/thieves at the end of the day.
Quote from: CountDeMoney on January 27, 2017, 05:57:24 PM
Quote from: Barrister on January 27, 2017, 05:54:21 PM
What our good friend Yi should do is just own the mid-life crisis and buy a Mustang or Camaro. Put some snow ties on the thing and it'll be passable for winter driving.
:lol: yeah, it'll be passable alright. As all the 4x4s pass it when it's in a ditch.
Bah. I learned to drive in the winter in my parents old 1980 RWD Dodge Aspen, then spent many years driving my father's old 1984 RWD Thunderbird. If you're careful you're fine.
Besides there's something oddly fun about being able to slide around corners at will on icy roads.
Quote from: mongers on January 27, 2017, 05:59:01 PM
I've thought about getting a car a few times recently :gasp:
But it's just too much hassle; legalities, paperwork, parking, traffic, more parking, dangerous texting arseholes on the roads, more traffic and finally having to park, lock and secure the thing from vandals/thieves at the end of the day.
Yeah, we had weirdos like that in rhe workplace before. Smell like BO from biking to work, creating a hostile work environment with their sweaty assfunk.
38 y/o and no driving license! :cool:
Hey Fredo, toss me some accounting expertise. If my mom pays the seller directly can we duck the gift tax?
Took a look at the used Mercs and Jeeps available at local dealers online. Pretty punky selection. And I don't get why the Jeep mother page says the Sport starts at 23 and the dealerships are listing one and two year old cars for 30+.
Gift tax. :lol:
Quote from: Admiral Yi on January 28, 2017, 02:54:29 AM
Hey Fredo, toss me some accounting expertise. If my mom pays the seller directly can we duck the gift tax?
Took a look at the used Mercs and Jeeps available at local dealers online. Pretty punky selection. And I don't get why the Jeep mother page says the Sport starts at 23 and the dealerships are listing one and two year old cars for 30+.
I'm a CPA, but know jack shit about taxes (I do financial reporting). So what I know about tax is from taking a couple classes in school.
That said, unless it is her car that she is going to let you drive, the answer will probably be no. She would be gifting you a car versus the money for the car, and at the point of sale they would have the same value.
That said, I think there is a lifetime exclusion for the gift tax that has a really high (multimillion dollar) value. So unless your mom is going to leave a massive estate, whether she goes over the annual limit really shouldn't result in either her or her estate paying more tax. It may just be an extra tax form.
Quote from: Admiral Yi on January 26, 2017, 11:10:27 PM
Quote from: CountDeMoney on January 26, 2017, 11:09:04 PM
Somebody leases a car for 3 years. Then they turn it in for another car. The dealer sells it. It's a used car, but they're usually in much better shape due to the mileage restrictions (10k to 12k or so a year) and people usually take much better care of them.
So like a certified pre-owned blah blah blah? Sure I could go for that.
yeah, it's often like that. The dealer takes it, does an inspection, certifies it has had no accidents, makes some cosmetic repairs and seels it for a 40-60% discount to the original price 3 years ago.
Just make sure you look at the car at daylight, you inspect it very closely for scratch marks on the wheels or body and have someone take a look at the breaks and tires.
Quote from: Admiral Yi on January 28, 2017, 02:54:29 AM
Hey Fredo, toss me some accounting expertise. If my mom pays the seller directly can we duck the gift tax?
Wait until Trump's tax reform, there will be no more taxes. For anyone gifting 1 billion or more. ;)
The way I would do it is have my mother buy the car, put it in her name, insure the car for you as primary driver and her as secondary. You pay for her insurance, you run the car. In a couple of years, once the car has depreciated enough, she can gift it to you. Even if it goes a bit above the limit, you'd escape most of the tax then.
Quote from: CountDeMoney on January 27, 2017, 05:57:24 PM
Quote from: Barrister on January 27, 2017, 05:54:21 PM
What our good friend Yi should do is just own the mid-life crisis and buy a Mustang or Camaro. Put some snow ties on the thing and it'll be passable for winter driving.
:lol: yeah, it'll be passable alright. As all the 4x4s pass it when it's in a ditch.
At least he will have a cool looking cast somewhere on his body.
Quote from: CountDeMoney on January 27, 2017, 05:57:24 PM
Quote from: Barrister on January 27, 2017, 05:54:21 PM
What our good friend Yi should do is just own the mid-life crisis and buy a Mustang or Camaro. Put some snow ties on the thing and it'll be passable for winter driving.
:lol: yeah, it'll be passable alright. As all the 4x4s pass it when it's in a ditch.
THey're not ideal, I would certainly recommend against it, but people in 4x4 often are overconfident, and that leads them in the ditch, while the guy in the Camaro pass by them.
Also, winter tires in the correct sizes for Camaros and Mustang are pretty hard to come buy. There used to be like one brand of winter tires for my Camaro.
Quote from: alfred russel on January 28, 2017, 10:31:02 AM
That said, I think there is a lifetime exclusion for the gift tax that has a really high (multimillion dollar) value. So unless your mom is going to leave a massive estate, whether she goes over the annual limit really shouldn't result in either her or her estate paying more tax. It may just be an extra tax form.
This. The annual exemption is $14K (meaning under this = no paperwork). Any amount over, is theoretically subject to the gift tax.
In reality, as AR said, the amount over just hits on a lifetime limit that most non-millionaires will never get close to touching. Going over the $14K just means you that do have to file a silly IRS form, but not actually pay any "tax".
Quote from: viper37 on January 28, 2017, 11:00:56 AM
THey're not ideal, I would certainly recommend against it, but people in 4x4 often are overconfident, and that leads them in the ditch, while the guy in the Camaro pass by them.
Yes, we call those people "women."
Quote from: Tonitrus on January 28, 2017, 11:04:02 AM
This. The annual exemption is $14K (meaning under this = no paperwork). Any amount over, is theoretically subject to the gift tax.
In reality, as AR said, the amount over just hits on a lifetime limit that most non-millionaires will never get close to touching. Going over the $14K just means you that do have to file a silly IRS form, but not actually pay any "tax".
Mucho helpful!
I've enjoyed my Jeep Grand Cherokees over the years. Sure, one of them had its transmission go kaput but still, I like em.
Quote from: Ed Anger on January 28, 2017, 05:28:35 PM
I've enjoyed my Jeep Grand Cherokees over the years. Sure, one of them had its transmission go kaput but still, I like em.
We drove a Grand Cherokee home from Switzerland yesterday. The car hit 9999km when we arrived, so it's pretty new for a rental. Nice car. Loaded with 4 passengers and luggage, made it easily to 160-170 kph on the highway while remaining calm and easy to handle; no sluggishness, no jitters.
Other than the fact that they are some of the most unreliable cars built on the planet today, Jeeps are OSSUM!
Quote from: Syt on January 28, 2017, 05:34:50 PM
Quote from: Ed Anger on January 28, 2017, 05:28:35 PM
I've enjoyed my Jeep Grand Cherokees over the years. Sure, one of them had its transmission go kaput but still, I like em.
We drove a Grand Cherokee home from Switzerland yesterday. The car hit 9999km when we arrived, so it's pretty new for a rental. Nice car. Loaded with 4 passengers and luggage, made it easily to 160-170 kph on the highway while remaining calm and easy to handle; no sluggishness, no jitters.
Not sure I'd want to go 100 mph in a Jeep.
Re gift taxes... can you buy it and put it in both yours and her name, which should then pass solely to you on her passing?
Quote from: Tonitrus on January 28, 2017, 11:04:02 AM
This. The annual exemption is $14K (meaning under this = no paperwork). Any amount over, is theoretically subject to the gift tax.
In reality, as AR said, the amount over just hits on a lifetime limit that most non-millionaires will never get close to touching. Going over the $14K just means you that do have to file a silly IRS form, but not actually pay any "tax".
Thought about this some more, and not sure it makes sense. Are you saying someone could give me ONE MILLION dollars, I fill out a form that says it's really 14K for this year, 14K for next year, etc., etc., and I don't have to pay any income tax on that?
this thread might help explain it, yi
https://www.reddit.com/r/personalfinance/comments/59o2z5/you_are_never_going_to_pay_a_gift_tax/
Well I'll be.
If the Donald could post a billion dollar loss and forward it for 18 years, I don't see why you can't get around the tax law on that one.
Quote from: Admiral Yi on January 28, 2017, 10:21:03 PM
Well I'll be.
My impression has always been that anything above $14k/yr in gifts has to be reported as income by the recipient. You might want to verify that that is so, because the reddit link is talking about no taxes on the giver.
nah, it's talking about both.
QuoteSo take that down payment from your parents, no one is going to tax anyone on it.
Do I save $995 and pretend to be a badass by getting manual, or concede defeat and go automatic?
Quote from: Admiral Yi on January 28, 2017, 10:47:08 PM
Do I save $995 and pretend to be a badass by getting manual, or concede defeat and go automatic?
Manual transmissions get better gas mileage, better acceleration, and if something catastrophic happens to the drive train or you're in an accident, manuals are less expensive repair-wise.
And nobody steals manuals. Unless you're in the movies.
Nobody steals Jeeps, so it won't matter really.
Quote from: Admiral Yi on January 28, 2017, 10:47:08 PM
Do I save $995 and pretend to be a badass by getting manual, or concede defeat and go automatic?
Do you enjoy driving a manual?
Got this from the IRS site. Seems to be saying that the the first 14K per year is not taxable as income.
What can be excluded from gifts?
The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts.
Gifts that are not more than the annual exclusion for the calendar year.
Tuition or medical expenses you pay for someone (the educational and medical exclusions).
Gifts to your spouse.
Gifts to a political organization for its use.
In addition to this, gifts to qualifying charities are deductible from the value of the gift(s) made.
Wegro: I have in the past but it's been a while since I've driven one regularly.
Quote from: Berkut on January 28, 2017, 11:00:44 PM
Nobody steals Jeeps, so it won't matter really.
:lol:
And there's Jeep crack #3 in two days. We all know when you get a hair up your ass over something you have to drive it into the ground until it's a fine powder, but were you molested in a Jeep as a child or something?
Being a victim is not your fault, so you need to know it's OK if you were.
:lol: :lol:
Nah, I owned one briefly though, that was bad enough.
Mostly I just like Yi and don't want him to buy the most unreliable car made in America. He doesn't strike me as someone who can really not worry about vehicle reliability.
Quote from: CountDeMoney on January 28, 2017, 12:16:45 PM
Quote from: viper37 on January 28, 2017, 11:00:56 AM
THey're not ideal, I would certainly recommend against it, but people in 4x4 often are overconfident, and that leads them in the ditch, while the guy in the Camaro pass by them.
Yes, we call those people "women."
could be :P
Quote from: Berkut on January 28, 2017, 11:40:39 PM
Nah, I owned one briefly though, that was bad enough.
Mostly I just like Yi and don't want him to buy the most unreliable car made in America. He doesn't strike me as someone who can really not worry about vehicle reliability.
Ah, gotcha. :thumbsup: I thought maybe it was a bad memory over some long ago pussy in college or something.
Mine's a 2008 with 80K on it and with nothing more dramatic than brakes as a problem, so you must've just been a fucking asshole with yours.
Quote from: Admiral Yi on January 28, 2017, 10:47:08 PM
Do I save $995 and pretend to be a badass by getting manual, or concede defeat and go automatic?
I have a semi-automatic transmission. At first, I missed the clutch and used the manual mode very often during summer. Then I got headaches, stopped driving by myself for a while and the few times I drove, I drove like an old lady, very slow and on automatic. So I don't miss it that much anymore.
but yeah, manual is great for all the reasons CdM invoked. They may get tiresome when stopped in traffic though.
Quote from: CountDeMoney on January 28, 2017, 11:46:10 PM
Quote from: Berkut on January 28, 2017, 11:40:39 PM
Nah, I owned one briefly though, that was bad enough.
Mostly I just like Yi and don't want him to buy the most unreliable car made in America. He doesn't strike me as someone who can really not worry about vehicle reliability.
Ah, gotcha. :thumbsup: I thought maybe it was a bad memory over some long ago pussy in college or something.
Mine's a 2008 with 80K on it and with nothing more dramatic than brakes as a problem, so you must've just been a fucking asshole with yours.
Hey, I am not the one who rated it 29th out of 20 in reliability. Take your whining up with Consumer Reports.
Quote from: Berkut on January 28, 2017, 11:57:11 PM
Hey, I am not the one who rated it 29th out of 20 in reliability. Take your whining up with Consumer Reports.
She was a Wildcat too, wasn't she. Hair flowing in the desert wind as she pulls it away from her face, smile bright enough to blind you. Feels like it was just yesterday, sitting in that Jeep in the Tucson sunset. I know, buddy. I know. :console:
Quote from: LaCroix on January 28, 2017, 10:12:32 PM
this thread might help explain it, yi
https://www.reddit.com/r/personalfinance/comments/59o2z5/you_are_never_going_to_pay_a_gift_tax/
I assume that is about Federal taxes, and there might be state gift taxes in some states?
Quote from: Berkut on January 28, 2017, 11:57:11 PM
Hey, I am not the one who rated it 29th out of 20 in reliability.
:o Holy shit that's unreliable.
Quote from: CountDeMoney on January 28, 2017, 10:53:17 PMManual transmissions get better gas mileage, better acceleration
That was the case in the past, but with modern automatic transmissions that's not true anymore. You get better acceleration and gas mileage from a well programmed automatic.
Quote from: LaCroix on January 28, 2017, 10:43:20 PM
nah, it's talking about both.
QuoteSo take that down payment from your parents, no one is going to tax anyone on it.
That's not a conclusion nor a rule, that's an unsupported statement.
In general, I'd advise even students at South Dakota Community College, Law School, and Haberdashery not to take their tax advice from reddit. I'd advise Yi the same.
the whole post is an unsupported statement, grumbler. it's a reddit thread that doesn't contain citation. I had seen it a few months back and thought it might be helpful. your post doesn't refute what I said, that it does refer to both giver and receiver
Jesus people it's not that hard. First everything in the opening post of that reddit thread is correct.
You can give/receive $14,000 a year and no one cares. A married couple can give $28,000 if it is shared money. A spouse can also receive another $28,000, so a married couple can give any other married couple $56,000 a year with no strings or questions.
If you go above the yearly limit the giver has to report it to the IRS, not as income but a gift. This then comes out of your lifetime limit of $5.45 million (again doubled if joint property of a married couple, so mom and dad could give a kid $28k per year and then an additional $10.9 million without anyone ever paying any taxes on it.) If it goes over that then the donor pays the taxes, though if they didn't for some reason the receiver could be liable.
As of Sept 2016 the only states with gift taxes were Connecticut and Minnesota.
https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
http://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/
Quote from: Zanza on January 29, 2017, 02:44:35 AM
That was the case in the past, but with modern automatic transmissions that's not true anymore. You get better acceleration and gas mileage from a well programmed automatic.
My 2008 Mercedes consumes roughly the same as my 1998 manual Camaro. Acceleration is a word that must not exist in German, I guess. :P Damn, I miss my old car in summer :D
Whats a program car
Get a GMC Terrain. Cheap and as unreliable.
Quote from: Grey Fox on January 29, 2017, 10:23:00 PM
Whats a program car?
Dealership demo. Sometimes the sales force gets to tool around in it for a few weeks or months of a new model year, or it's used as a loaner or demo for potential fleet customers.
I see. Didn't know that was a thing.
Quote from: sbr on January 29, 2017, 11:35:54 AM
Jesus people it's not that hard. First everything in the opening post of that reddit thread is correct.
You can give/receive $14,000 a year and no one cares. A married couple can give $28,000 if it is shared money. A spouse can also receive another $28,000, so a married couple can give any other married couple $56,000 a year with no strings or questions.
If you go above the yearly limit the giver has to report it to the IRS, not as income but a gift. This then comes out of your lifetime limit of $5.45 million (again doubled if joint property of a married couple, so mom and dad could give a kid $28k per year and then an additional $10.9 million without anyone ever paying any taxes on it.) If it goes over that then the donor pays the taxes, though if they didn't for some reason the receiver could be liable.
As of Sept 2016 the only states with gift taxes were Connecticut and Minnesota.
https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
http://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/
If my (and The Dark One's) reading is correct, the recipient has to pay income tax on any gift above $14K. That contradicts the language of the reddit post.
Yi, I don't think that is correct, I think no one will pay any taxes ever. Unless your mom is loaded or you fuck up somehow.
Quote from: alfred russel on January 30, 2017, 02:47:43 PM
Yi, I don't think that is correct, I think no one will pay any taxes ever. Unless your mom is loaded or you fuck up somehow.
Are you basing that conclusion on stuff linked and posted here, or something else?
Quote from: Admiral Yi on January 30, 2017, 02:54:12 PM
Quote from: alfred russel on January 30, 2017, 02:47:43 PM
Yi, I don't think that is correct, I think no one will pay any taxes ever. Unless your mom is loaded or you fuck up somehow.
Are you basing that conclusion on stuff linked and posted here, or something else?
My accounting education. Keep in mind I don't do tax, and failed the tax section of the CPA exam twice before passing it by the skin of my teeth (really only failed once, the second time I knew I was going to fail so didn't show up).
Mom will have to pay capital gains on selling the shares. :P
Quote from: Admiral Yi on January 30, 2017, 01:58:46 PM
Quote from: sbr on January 29, 2017, 11:35:54 AM
Jesus people it's not that hard. First everything in the opening post of that reddit thread is correct.
You can give/receive $14,000 a year and no one cares. A married couple can give $28,000 if it is shared money. A spouse can also receive another $28,000, so a married couple can give any other married couple $56,000 a year with no strings or questions.
If you go above the yearly limit the giver has to report it to the IRS, not as income but a gift. This then comes out of your lifetime limit of $5.45 million (again doubled if joint property of a married couple, so mom and dad could give a kid $28k per year and then an additional $10.9 million without anyone ever paying any taxes on it.) If it goes over that then the donor pays the taxes, though if they didn't for some reason the receiver could be liable.
As of Sept 2016 the only states with gift taxes were Connecticut and Minnesota.
https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
http://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/
If my (and The Dark One's) reading is correct, the recipient has to pay income tax on any gift above $14K. That contradicts the language of the reddit post.
You and the Dark One are mistsken. Did you look at the link to the IRS site I gave?
Giver is responsible for paying any gift tax, and it is only paid after the giver has given more than 14k in a year and more then 5.45 million in a lifetime.
I am not an accountant but my parents paid for most of my daughter's college and we spent a lot of time looking into gift tax laws. I am 99.9% sure I an providing correct info.
Quote from: MadImmortalMan on January 30, 2017, 03:03:14 PM
Mom will have to pay capital gains on selling the shares. :P
That's another question I have. If we wait til she dies, does the estate have to pay cap gains?
Fredo, do me a solid and ask a tax wonk you work with these questions please.
Quote from: sbr on January 30, 2017, 03:09:09 PM
You and the Dark One are mistsken. Did you look at the link to the IRS site I gave?
Giver is responsible for paying any gift tax, and it is only paid after the giver has given more than 14k in a year and more then 5.45 million in a lifetime.
I am not an accountant but my parents paid for most of my daughter's college and we spent a lot of time looking into gift tax laws. I am 99.9% sure I an providing correct info.
I get that about the gift tax. I'm asking about income tax.
Quote from: Admiral Yi on January 30, 2017, 03:12:15 PM
Quote from: sbr on January 30, 2017, 03:09:09 PM
You and the Dark One are mistsken. Did you look at the link to the IRS site I gave?
Giver is responsible for paying any gift tax, and it is only paid after the giver has given more than 14k in a year and more then 5.45 million in a lifetime.
I am not an accountant but my parents paid for most of my daughter's college and we spent a lot of time looking into gift tax laws. I am 99.9% sure I an providing correct info.
I get that about the gift tax. I'm asking about income tax.
I'm struggling with the IRS site on my phone but here is something from the creators of TurboTax.
QuoteGifts are neither taxable or deductible on your tax return. Any gift to an individual that exceeds $14,000 in a year requires a separate gift tax return to be filed (form 709) by the giver - the receiver of the gift does not report anything. It will not be immediately taxable, but will reduce your lifetime exclusion.
https://ttlc.intuit.com/questions/2542778-if-i-receive-a-gift-of-say-50-000-from-a-friend-and-i-give-that-person-a-gift-12-24-months-later-can-that-person-claim-my-gift-on-his-taxes-and-not-have-to-pay-income-on-that-money-assume-neither-of-us-is-near-our-gift-limit
Thanks sbr. Looks like youse guys were right, Dark One and I wrong.
No worries. I was pretty sure I knew what I was talking about but didn't communicate it very well.
All of my cars have been 4x4 or all wheel drive. I used to hunt and fish a lot or just go off roading. Now I still buy those type cars to get around in winter but it's probably over kill since I try not to drive in snowy weather. But before retiring I liked those for getting to/from work in bad weather.
As for a jeep wrangler, I don't know if it's a good highway car so it depends on what you want it for. I would think it's built for off road more so than highway ease and comfort. Gas mileage is a consideration also for any car. I don't think wranglers get good mileage from what checking I did.
Test drove the 2 door manual Sport today.
The 2 door is a bad joke. With front seats at full tilt you've got about 4 inches to crawl into the back seat. I honestly don't think it's physically possible to get back there. Trunk is about six inches deep.
My mad clutch skilz have atrophied. Will be paying out for the auto tran.
I got a card from a young punk salesman, he has my number. Now I play the waiting game to see if he calls me with an opening bid on price reduction.
Sorry lost track at what you are looking to buy?
Quote from: katmai on February 01, 2017, 08:11:03 PM
Sorry lost track at what you are looking to buy?
Un coche
Quote from: Admiral Yi on February 01, 2017, 08:05:14 PM
Test drove the 2 door manual Sport today.
The 2 door is a bad joke. With front seats at full tilt you've got about 4 inches to crawl into the back seat. I honestly don't think it's physically possible to get back there. Trunk is about six inches deep.
My mad clutch skilz have atrophied. Will be paying out for the auto tran.
I got a card from a young punk salesman, he has my number. Now I play the waiting game to see if he calls me with an opening bid on price reduction.
The back seat is only supposed to be used as a nice garage decoration after you bring the vehicle home for the first time.
Quote from: MadBurgerMaker on February 02, 2017, 12:26:54 AM
The back seat is only supposed to be used as a nice garage decoration after you bring the vehicle home for the first time.
Is it detachable? :hmm:
Should be.
Just got the call. :smoke:
Quote from: Admiral Yi on February 02, 2017, 09:59:42 AM
Quote from: MadBurgerMaker on February 02, 2017, 12:26:54 AM
The back seat is only supposed to be used as a nice garage decoration after you bring the vehicle home for the first time.
Is it detachable? :hmm:
Yeah, there's a little latch bar under and toward the back. You sort of press it up and the latches on either end of the seat will unclip and you can pull the back seat out (IIRC..it's been a while since I had my Jeep). Gives you a lot more room in the back for stuff too. Have the sales dude show you.
E: Hell, if you're going to take it out, have him help you unhook and move it out of position before you leave and just make sure you don't have a wreck that will cause the back seat to fly through your head+windshield on the way home. It's easier with two people. I left a nice gouge in the sub in the back dragging the stupid thing out of there by myself.
That makes it a more realistic option. Still I think I'll go 4 door, just in case I hook up with any divorcees with kids. :ph34r:
Makes me wonder why the fuck they even bother putting in that back seat though. Just make it a straight 2 seater with a flat bed. Although I guess with the top off you could climb in the back.
Quote from: Admiral Yi on February 02, 2017, 12:15:00 PM
That makes it a more realistic option. Still I think I'll go 4 door, just in case I hook up with any divorcees with kids. :ph34r:
Makes me wonder why the fuck they even bother putting in that back seat though. Just make it a straight 2 seater with a flat bed. Although I guess with the top off you could climb in the back.
You have it right here. Your Bro in the front & the 2 chicks in back. In Bikinis going to the beach. It makes sense when you are 23.
I did like my 4 door more than the 2 when it came to the every day shit (which is what you're going to be using it for 99% of the time). The seats in the back of those fold flat, giving you a pretty good amount of cargo space. You can also take the top off to open up the cargo area a bit more, although the roll bar is still in the way.
Younger kids can jump into that 2 door back seat pretty easily, from what I've seen. It's an ordeal for anyone older than like 12 though. E: Although, now that I'm thinking of it, when my in-laws came to visit, they had some trouble getting in to the back of the JKU (there's no way they could have gotten into the back of the 2 door even if I had the seat in there). The doors are pretty small and it's kinda high off the ground. They're old though. vOv
Kinda cool I sold off all my mom's AT&T the day before it dropped 2.5%. :yeah:
What would be a reasonable discount to hold out for? Ask for double what he offers at first?
He offered me a grand off list, I said drop it another 200 skins and we have a deal. I figure I left plenty of money on the table, but was hamstrung by the lack of help from youse all. :mad:
200? That's pretty weak haggling there.
Quote from: Eddie Teach on February 02, 2017, 04:26:58 PM
200? That's pretty weak haggling there.
I was expecting his first offer to be $500 and was taken aback. And I got NO HELP.
I know nothing, I buy cars new.
Quote from: Admiral Yi on February 02, 2017, 04:33:51 PM
I was expecting his first offer to be $500 and was taken aback. And I got NO HELP.
You should know better than to ask for help here during the work day. Trump supporters have actual jobs we need to be at.
Anyways... congrats on the new Jeep! We demand pics! :yeah:
Make sure you get a wheel at each corner. :ph34r:
Quote from: mongers on February 02, 2017, 05:54:41 PM
Make sure you get a wheel at each corner. :ph34r:
Three wheels is a lot more fun.
https://www.youtube.com/watch?v=QQh56geU0X8 (https://www.youtube.com/watch?v=QQh56geU0X8)
Quote from: grumbler on February 02, 2017, 08:49:45 PM
Three wheels is a lot more fun.
https://www.youtube.com/watch?v=QQh56geU0X8 (https://www.youtube.com/watch?v=QQh56geU0X8)
:lmfao: @ the car meet entrance scene
One of the best Top Gear bits. :)
Just buy the fucking Honda already and forget about it.
Quote from: grumbler on February 02, 2017, 08:49:45 PM
Quote from: mongers on February 02, 2017, 05:54:41 PM
Make sure you get a wheel at each corner. :ph34r:
Three wheels is a lot more fun.
https://www.youtube.com/watch?v=QQh56geU0X8 (https://www.youtube.com/watch?v=QQh56geU0X8)
Did he turn off stability control?
Not for nothing--and Radical Berkut Terrorism aside--but just something else to consider we call "intangibles", from about 2 1/2 hours ago.
(https://cf.geekdo-images.com/images/pic3393828.jpg)
CdM's Wrangler Spare Tire: 1, Fucked Up Minivan With Its Shit All Pushed In and Shit: Nil
Stop being a bitch with the stopping short Seedy.
We were all at a red light. :lol:
If he wants three wheels he should get a Morgan.
Will you ask us to help you choose a new avatar afterwards, like last time? ;)
He should use his favorite K-pop idol.
Quote from: MadBurgerMaker on February 02, 2017, 09:24:36 PM
Quote from: grumbler on February 02, 2017, 08:49:45 PM
Three wheels is a lot more fun.
https://www.youtube.com/watch?v=QQh56geU0X8 (https://www.youtube.com/watch?v=QQh56geU0X8)
:lmfao: @ the car meet entrance scene
Holy shit that is funny.
After the first scene I would have bet money it was a spoof. I mean, nobody would actually build such a car, would they?
And if they did....nobody would buy one...right?
I mean, except for people who threw there money away on Jeeps, maybe...
Quote from: Berkut on February 04, 2017, 10:55:11 PM
Quote from: MadBurgerMaker on February 02, 2017, 09:24:36 PM
Quote from: grumbler on February 02, 2017, 08:49:45 PM
Three wheels is a lot more fun.
https://www.youtube.com/watch?v=QQh56geU0X8 (https://www.youtube.com/watch?v=QQh56geU0X8)
:lmfao: @ the car meet entrance scene
Holy shit that is funny.
After the first scene I would have bet money it was a spoof. I mean, nobody would actually build such a car, would they?
And if they did....nobody would buy one...right?
I mean, except for people who threw there money away on Jeeps, maybe...
To be fair, they tampered with the car to make it roll so easily.
Quote from: Berkut on February 04, 2017, 10:55:11 PM
I mean, except for people who threw there money away on Jeeps, maybe...
So hateful. Like Trump hate. Burns bright. Burns deep.
Quote from: DGuller on February 04, 2017, 11:08:33 PM
To be fair, they tampered with the car to make it roll so easily.
Yes. It was a deliberate humorous exaggeration to recreate the myth of the Robin rolling easily. Top Gear wasn't intended to be taken seriously.
Except for the car boat challenge. That was legit. https://www.youtube.com/watch?v=KzxuEOxYSLE (https://www.youtube.com/watch?v=KzxuEOxYSLE)
Has anybody seen "Grand Tour"? If so, is it any good? I found Top Gear getting repetitive when it was still on (with the three guys, never saw the new one).
Went to dealership to get my trade in appraised. As I was leaving I saw a young Chinese couple getting out of a '15 Mustang GTO with a Chinese looking salesman. Fascinating that a dealership in Iowa City, Iowa hires a Chinese speaker.
Quote from: Admiral Yi on February 06, 2017, 09:34:50 PM
Went to dealership to get my trade in appraised. As I was leaving I saw a young Chinese couple getting out of a '15 Mustang GTO with a Chinese looking salesman. Fascinating that a dealership in Iowa City, Iowa hires a Chinese speaker.
Mustang GTO?
Quote from: Admiral Yi on February 06, 2017, 09:34:50 PM
Went to dealership to get my trade in appraised. As I was leaving I saw a young Chinese couple getting out of a '15 Mustang GTO with a Chinese looking salesman. Fascinating that a dealership in Iowa City, Iowa hires a Chinese speaker.
Chinese salesmen are everywhere. I see them in Europe, Thailand and Japan all the time. Even in remote hotels in Japan, they hire Chinese students. The sad truth is lots of Chinese only speak Chinese.
Quote from: Monoriu on February 06, 2017, 10:02:01 PM
Quote from: Admiral Yi on February 06, 2017, 09:34:50 PM
Went to dealership to get my trade in appraised. As I was leaving I saw a young Chinese couple getting out of a '15 Mustang GTO with a Chinese looking salesman. Fascinating that a dealership in Iowa City, Iowa hires a Chinese speaker.
Chinese salesmen are everywhere. I see them in Europe, Thailand and Japan all the time. Even in remote hotels in Japan, they hire Chinese students. The sad truth is lots of Chinese only speak Chinese.
You buy, cheap, cheap.
There was a story on the TV awhile back that dealerships near universities cater to the chinaman college students. They love the American muscle cars. They still drive like shit though.
Quote from: 11B4V on February 06, 2017, 10:00:24 PM
Quote from: Admiral Yi on February 06, 2017, 09:34:50 PM
Went to dealership to get my trade in appraised. As I was leaving I saw a young Chinese couple getting out of a '15 Mustang GTO with a Chinese looking salesman. Fascinating that a dealership in Iowa City, Iowa hires a Chinese speaker.
Mustang GTO?
Ooooh! The Rhino Dick Soup package!
I wish the fuckers would get a different haircut.
Quote from: 11B4V on February 06, 2017, 10:00:24 PM
Mustang GTO?
No? thought I saw the Mustang grill emblem and it said GTO on the back.
Quote from: Ed Anger on February 06, 2017, 10:06:48 PM
I wish the fuckers would get a different haircut.
(https://m.popkey.co/391b39/qV330.gif)
I laughed
Quote from: Monoriu on February 06, 2017, 10:02:01 PM
Chinese salesmen are everywhere. I see them in Europe, Thailand and Japan all the time. Even in remote hotels in Japan, they hire Chinese students. The sad truth is lots of Chinese only speak Chinese.
No shit Sherrock. I expect to see signs announcing Chinese spoken in obvious tourist destinations. Not an Iowa City car dealership.
Quote from: Admiral Yi on February 06, 2017, 10:20:08 PM
Quote from: Monoriu on February 06, 2017, 10:02:01 PM
Chinese salesmen are everywhere. I see them in Europe, Thailand and Japan all the time. Even in remote hotels in Japan, they hire Chinese students. The sad truth is lots of Chinese only speak Chinese.
No shit Sherrock. I expect to see signs announcing Chinese spoken in obvious tourist destinations. Not an Iowa City car dealership.
Iowa City is the home to the University of Iowa, right? I bet there's quite a few Chinese students studying there.
It's done. :)
See what y'all are saying about the heaters. Toasty!
You went to Wrangler Country? Good for you :showoff: #BerkutInThreeTwoOne
And it fits in the car port. :)
You get the hard top or soft? 4 door or 2?
Hard, 4, fire engine red, auto tranny, manual windows and locks*, smokers' kit.
* One issue already is there is no easy way to unlock the back doors from outside. Gotta reach over the seat from the front.
Also (not really an issue) you can't baby these doors closed. Gotta put some shoulder into it.
this thread is bullshit without pics. :mad:
Makes me want to buy a Wrangler.
I've got a pic on my non-internet handy, no clue how to load up to interwebs.
I could text it to one of y'all if you wanted to make the effort.
Quote from: Admiral Yi on February 13, 2017, 09:12:23 PM
auto tranny,
Well, you're new at this, I suppose. :P Good choice, the 4-door is a better ride, and it's an actual back seat that an adult can fit in.
Here, start your spending now: www.quadratec.com
Not for nothing, but I do suggest hood locks or a hood bolt. Wranglers are still the only vehicle that you can open the hood from the outside--and it would really piss you off one morning, just to find your battery missing. Just sayin'.
I have locks for my hood, my wheels, my doors, my gas cap and my license plates. I have more keys for my Jeep than all the other keys on my key ring. :lol:
:hmm:
I think I'll be OK living here in Lake Wobegone.
Quote from: Admiral Yi on February 13, 2017, 09:26:27 PM
:hmm:
I think I'll be OK living here in Lake Wobegone.
Whatever you say, River City. #OpiodStrong
I welcome Yi to the Jeep brotherhood. #noBerkutsallowed
Thank you brother Boner. :cheers:
Don't let him fool you, Yi. He has a soccermom Grand Cherokee. Off-white. The "Strudel Ice" package.
AHEM. Dark Red. :mad:
Quote from: 11B4V on February 13, 2017, 09:55:52 PM
Menstrual red
Soccer mom.
(https://menstrualtrack.files.wordpress.com/2010/08/menstruation-woman.jpg)