10 Year Car loans

[greasy]

How else does one afford a nearly $100K vehicle?

 

[Shawn1112]

I saw a person have 104 mos loan on a Yukon Denali today

I didnt even know that was a thing lol. I thought 84 was the most someone could do.

 

[Sprayin]

I might take out a 10 year loan if the rate was 0% or damn close to it. It's free money at that point.

 

[The Beast]

Nobody is giving 0.0 at 10 years is the problem

 

[The Beast]

I didnt even know that was a thing lol. I thought 84 was the most someone could do.

 

[SpeedSpeak2me]

View attachment 146477

Are the digits after the “M” the interest rate?

i.e. 909 = 9.09%

 

[The Beast]

Are the digits after the “M” the interest rate?

i.e. 909 = 9.09%

Payment

 

[Rent Free]

Give me a 104M on a C8Z with 0 ADM Id sign right now LOL!!

 

[Sprayin]

Nobody is giving 0.0 at 10 years is the problem

Oh I know, I'm just saying that's one of the situations in which I'd take one.

 

[1quick]

Payment

What’s the interest rate like on that?

 

[Lord Tin Foilhat]

What’s the interest rate like on that?

Under 4% if the calc is accurate

 

[Lord Tin Foilhat]

Unless 69k is value and 81k is what they end up paying which puts it around 7%

 

[The Beast]

Probably 7-8% then

 

[MrMezger996]

I saw a person have 104 mos loan on a Yukon Denali today

8.5yr car loan?!?! That’s insane.

 

[Turk]

Isn’t the average loan now 6-7 years? Car prices have outpaced wage growth.

 

[torquelover]

How else does one afford a nearly $100K vehicle?

Don’t get married, don’t make kids, work and save a little. It’s how the single dudes I know have toys 20 years before the rest of us.

 

[Rent Free]

Don’t get married, don’t make kids, work and save a little. It’s how the single dudes I know have toys 20 years before the rest of us.

LOL right every been on a military installation?

Drive by single soldiers barracks. Looks like a car show daily.

Id be rockin a Viper 15 years ago as a private if I didnt have a family.

 

[Rent Free]

I knew Privates rockin brand new C7 Z06 corvettes in 2015 when I was at Fort Bliss gettin ready to go to Afghanistan. Had to be 75k cars at least.

 

[VenomousDSG]

Bad economy

 

[greasy]

Don’t get married, don’t make kids, work and save a little. It’s how the single dudes I know have toys 20 years before the rest of us.

It was a rhetorical question, I’m just pointing out vehicle prices are nuts.

 

[GLADIATOR]

View attachment 146477

How bad did you lowball them?

 

[69Nice]

Average new car loan is $48K I think- WTF?!?!?

Edit- read this the other day but can’t find the source now.

 

[GLADIATOR]

I saw a person have 104 mos loan on a Yukon Denali today

 

[The Beast]

How bad did you lowball them?

You need 104 mos in your life

 

[Bob Kazamakis]

They do GAP on a 104m loan?