Guyana’s Oil Revolution

[chuckChuck]

The most I have paid a for a used loaded up farm truck was 32,000.

But the roads are full of trucks worth 2-3 times as much on the lot! Soon to depreciate by 50%. Which is fine if you need a truck for work.

But it makes no sense for city and suburban residents to drive them if you don't need one.

Over priced and over marketed. And some of those same people are complaining about the cost of living?

Its worse in the oil patch where the young guys get a big truck and all the toys with their new job only to be laid off in the next downturn. Never a good idea to overspend and waste a lot of money on a truck that depreciates rapidly and burns a lot of fuel.

They missed out on some good financial advice.

[AlbertaFarmer5]

Excellent financial advice chuck. And I'm not being sarcastic.

If only all young people could understand the power of compound interest that could have been on the money they spent on vehicles at the beginning of their careers.

I'm proud to say that I took the opposite extreme. And still do.

[shtferbrains]

A very long time ago in my youth, a friend had a beautiful 68 Dodge Charger, Purple with a White roof, in pristine condition.
One day he went and traded it off on a new Datson B 210 because it got better mileage.
I thought it weird at the time.
I'm sure today my freind would admit to being a 2 percenter of some type.

Fast cars and wild women. Priceless.

No regrets.

[Grain Farmer]

So why skimp on vehicles?
farmers pay $1 mil.for tractors, sprayers, combines, drills that depeciate big time.
100 k truck is piss all to worry about.

[AlbertaFarmer5]

So why skimp on vehicles?
farmers pay $1 mil.for tractors, sprayers, combines, drills that depeciate big time.
100 k truck is piss all to worry about.

Not all of us started out our careers in that financial position.

[AlbertaFarmer5]

And that pickup truck is not a tax write off for the average working stiff. Especially when that working stigf is trying to save the capital put towards business such as a farm.

Speaking from experience..

[shtferbrains]

Chuck's description of the kid with the pimped out truck and all the toy is what we used to call a Ft Mac Millionaire.
Not a bad thing?
Taught them how to work and no way they can live on any government programs.

[blackpowder]

Why do farmers not think past the farm.
What's a luxury vehicle?
Every European car sold here qualifies. No one who qualifies should have one? People who pay enough tax in a year to buy the car can't write it off and enjoy it at the same time?!.
I've seen Beemers and Benzes with Farm plates.
And you're going to try to regulate what young single males do with their paycheck? Now regulate every white collar too.
You're going to shut GM out of that market?
This whole thread seems about Chucks warped sense of right and wrong. Makes as much sense as a jump, whistle, and fart.

[shtferbrains]

Europe is in a shitstorm.
Lots of those great old foundation companies may not survive all the government mismanagement.
Hard to have any sympathy for them when they just keep doubling down.
To many levels of regulatory.

[cropgrower]

The most I have paid a for a used loaded up farm truck was 32,000.

But the roads are full of trucks worth 2-3 times as much on the lot! Soon to depreciate by 50%. Which is fine if you need a truck for work.

But it makes no sense for city and suburban residents to drive them if you don't need one.

Over priced and over marketed. And some of those same people are complaining about the cost of living?

Its worse in the oil patch where the young guys get a big truck and all the toys with their new job only to be laid off in the next downturn. Never a good idea to overspend and waste a lot of money on a truck that depreciates rapidly and burns a lot of fuel.

They missed out on some good financial advice.

some good advice for a change , you should pass all that on to the Canadian government , tell them to also stop pissing away hard earned tax payers money on useless stuff

also i'm sure you will soon be doing a post on how inflation has gone done in canada because carbon tax has been removed