Making $100K a year isnt anything special especially when you ower 5K on a 9 year old car

[TLR Is Mental Poison]

Financing a car is always a bad idea. Financing a car that's nearly 10 years old is just plain dumb.

Nah, it doesn't have to be a bad idea. Sometimes car manufacturers offer 0% financing. Plus if you keep your note low and have a low rate its fine. Wifey has a 2007 VW Rabbit, we got a 2.64 loan for ~7K, I think the payment is like $160 and the total interest on the loan is something like $500. $500 for $7000 is pretty damn good, and in any case when the time is right we will pay it off early

nikkas who get a 20% loan on 30K over 20 years "to keep their payments low" are the ones who use credit wrong... but hey, their stupidity subsidizes my low rates so I'm gucci

Dont be spooked by credit, just know what you're doing. Financing a car is fine is you do it smart.

 

[threattonature]

I got a friend that did some shyt like that. He actually traded in his Acura for the exact same year with like 20,000 more miles on it simply because it was fully loaded like a year after he got his original. Ended up with a new loan that was the same as his old one but started all over. Dumbest shyt I ever seen.

 

[Rawtid]

Nah, it doesn't have to be a bad idea. Sometimes car manufacturers offer 0% financing. Plus if you keep your note low and have a low rate its fine. Wifey has a 2007 VW Rabbit, we got a 2.64 loan for ~7K, I think the payment is like $160 and the total interest on the loan is something like $500. $500 for $7000 is pretty damn good, and in any case when the time is right we will pay it off early

nikkas who get a 20% loan on 30K over 20 years "to keep their payments low" are the ones who use credit wrong... but hey, their stupidity subsidizes my low rates so I'm gucci

Dont be spooked by credit, just know what you're doing. Financing a car is fine is you do it smart.

Yeah but a car is still losing value each year and/or as the miles add up. So yeah you only paid $500 in interest but you're left with something that's not as valuable as it was when you bought it. If you just paid the 7k up front, you're still going to lose value, but you're not out an additional $500. If it's 0% interest then you may have a point.

I'm not spooked by credit I just realize I don't want the risk at th end of the day. Even with a 0% interest car, you can lose your job, get sick and rack up medical bills or whatever and lose the ability to pay the money back.

 

[thegreatwb]

Financing isn't always a bad idea but I doubt anyone is going to offer 0% on any car over a year old.

 

[Broke Wave]

Like @Rawtid said... if you wanna drive newer cars every couple years... JUST fukkING LEASE AND YOU'LL HAVE THE 2014

 

[Nintendough]

Whoever got the info, Pass the Mustard. I only need an inch to make a mile.



Lets do it again

 

[HookersandIceCream]

Whoever got the info, Pass the Mustard. I only need an inch to make a mile.



Lets do it again

 

[jalamanta]

Whoever got the info, Pass the Mustard. I only need an inch to make a mile.



Lets do it again

aw aw aw aw

beasts unleashed

 

[Anothergirl]

Financing a car really isn't a bad idea. Paying straight cash for a new car is pretty overrated.

For a used car it makes more sense but I know millionaires that still finance.

c/s i personally don't do leases. give me a low interest 4 year finance of something i'll keep 6 or 7 years and i'm straight. i drive A LOT and don't want to have to worry about mileage restrictions and all that nonsense. financing works out more cost efficient for some people

 

[Anothergirl]

on

 

[TLR Is Mental Poison]

Yeah but a car is still losing value each year and/or as the miles add up. So yeah you only paid $500 in interest but you're left with something that's not as valuable as it was when you bought it. If you just paid the 7k up front, you're still going to lose value, but you're not out an additional $500. If it's 0% interest then you may have a point.

I'm not spooked by credit I just realize I don't want the risk at th end of the day. Even with a 0% interest car, you can lose your job, get sick and rack up medical bills or whatever and lose the ability to pay the money back.

I mean at the end of the day you need a car to live in most places in America and pretty much every car is going to lose its value over time. You could pay cash for a car and it winds up being a lemon There's risk involved in buying any car. Paying interest to have access to more of my money is worth it to me if it's a low rate.

 

[HookersandIceCream]

@Stuntone
Please honor us by giving up the financial advice that we need to "stunt"

 

[CrimsonTider]

Financing a car is always a bad idea. Financing a car that's nearly 10 years old is just plain dumb.

There's risk in every transaction

Most people don't have the lump some to pay for a car in cash.

If can get a lump some paying for a car in cash doesn't make much sense

 

[Malcolmxxx_23]

There's risk in every transaction

Most people don't have the lump some to pay for a car in cash.

If can get a lump some paying for a car in cash doesn't make much sense

you always defending something

are you anti anything nikka?

 

[CrimsonTider]

you always defending something

are you anti anything nikka?

introverts