10 Year Car loans
- Thread starter GLADIATOR
- Start date
I bet a couple guys here pay over $800 a month on TCG for there car payment
A dude I work with has 2 car payments around 900 and a boat payment that’s close to that also, when we are fully staffed and the overtime drys up he will be selling shit so he can afford his car payments lol
I saw a guy at my last job trade in a 15 f150 and a 15 mustang gt for a black ops edition f150 ,this m.f.ers payment for 72 months was $2100.00 per month ,guy traded it a year later and they depreciated it 30k ! ,fucking the guy lost his ass , I cant understand how people do things like to themselves financially
Better go 180-240 months so you can also afford the insurance.
I was happy to get just under 4% over the summer. Interest rates are climbing and climbing. New car we got in February is like 1.9% i think? Something like that.
Paid the Rav off a year ago and only had payments for 3 months. Prior to that I had been car payment free for a couple years. I don't plan to have a new car payment any time soon. Fuck loan sharks, and fuck auto manufacturers for making their stuff so out of reach. I refuse to be in situations even remotely close to these.
I bought in august. I was pre approved and the lowest rate my CU had climbed a point more in a month. The honored my pre approval at least. Carmax was of course going to beat my rate I had and then laughed and were like “nope were .2 higher than that without even running it”
$1,000 Monthly Car Payments Became Way Too Common In 2022
American consumers are paying more than ever for their vehicles, both in terms of overall cost and monthly payment. A KBB report found that the average new car transaction price ballooned to $48,861 ($65,041 for EVs) in 2022. Prices are so high, the $42,895 Honda Civic Type R is actually below...
carbuzz.com
These car payments are ridiculous. We’ve known we needed to get my wife a new car in the 40-50k range for a couple years now and have been saving for it. Figure we’ll be putting at least half down in cash and then doing a 5 year and paying it off as aggressively as possible if rates are that high.
Or purchase a vehicle that one can afford. If the dealership has to get creative with getting the loan approved, then that’s a hint maybe you should look at other vehicles that better fit your financial situation.
And to add to basic common sense, does $800, $1k, $1.2k+ a month payment on a vehicle that is used for daily transportation make sense? Especially when the vehicle is depreciating as quick, if not faster, than the owner can pay down the loan?
Referencing the average Joe, Dick and Jane who does not benefit from tax advantages associated with being a business owner.
Thread Info
-
Created -
466Replies
-
12KViews
-
Participants list
