28.00%APR, $1,164.19 a month - car payment

[Monoblock]

Pay 80K for a 67K car brehs

 

[ORDER_66]

Pay 80K for a 67K car brehs

they fleeced his ass good....

 

[calixprynce]

Well I don't care about 'pretty boy' foreign cars you scared to get a spec of dust on or you scared to drive fast in. A Hellcat pull up at the light will have you quiet as a mouse

Have you ever sat in a Hellcat?

No , nikka didnt I just tell you I dont do Dodge. Yall can have all that muscle car bullshyt . Chargers trash, Camaros trash, Mustangs trash, Hellcat trash. Only car I'd fucc with like that is a Corvette. Nothing else

I like interiors and shape of the car . I dont give a damn about yo 700 HP nikka

 

[50CentStan]

For a fukking Fiat

 

[calixprynce]

but you acting like other cars dont have these same issues breh?!? especially high end german cars you really want to go there with how electronics fails, overpriced replacement parts, constant failures with tech issues and sensors breaking left and right...
$400 for a lightbulb replacement some cars you cant even DIY you have to take it into a dealership...

thats why money got spenders and not owners

 

[calixprynce]

And German cars are better? The thousands and thousands of dollars it costs to fix an electrical issue? Or the transmission going into limp mode because of some computer program? Or the Turbos going out because of an oil screen? They use all sorts of plastic parts in their engine compartments.

That's why they tell you not to buy a used German car. ​

nikka do u own a hellcat? u better cuz u goin a lil too hard for that damn dodge . let nikkas drive what they want . The poccet watching in 2020 is insane

 

[Originalman]

This sounds like advice you'd find in the back of grow rich through your 401k book.

That kind of advice is good for someone OK with driving a beat up Kia Sephia. But the rest of us stupid people aren't trying to buy a $100k car. Even if we could 'afford' it in cash. If you have excellent credit (800+) you're pretty much getting free money at the dealership (finance or lease). That $100k cash can grow elsewhere.

Breh if you got that type of money to pay 100k cash for a car or put 100k in investments.

Then you going to a used car dealership is hustling backwards. If you got that type of cash you would be smarter to connect with someone with a used dealers license. Give them 500 to 1500 to take you to an auction and buy what you want at the dealer rate.

The secret is that used car dealers tax folks who want to carry car notes and who have bad credit. Usually a used car dealer is going to finance to a buyer a car at 1.5 times to 3 times what they paid for at the auction.

So a 2k car bought at the auction the dealer sells at $3,000 to 6k. A 10k car bought at the auction the dealer sells at 15k to 30k and so on and so on.

So if dude getting taxed at 28% the dealer is trying to get his worth on what he paid for the ride in the first few years. Then making nothing but profit after. To offset the risk. Also the hustle with a lot of these expensive rides is to keep getting the re sale off of one car and make a profit that way. Have one car with 5 re sales that they can make money after it keeps getting repossessed over and over.

Remember folks usually putting money down or a large payment the first few months. Even if the ride gets repossessed the first few months. They can do this over and over again.

 

[Action Mike]

Educate your sons brehs

 

[Wildhundreds]

German garbage ain’t that much better, bruh...they depreciate as bad as the FCA products y’all joking about. Look up the GLS new vs used....new 2020 is $90k. One or two year old used one is like $46k with 30k miles (probably off lease)....that’s damn near half it’s value in a YEAR!

I believe they include the repair cost to new cars in the sticker price.

There is no way a new car should depreciate half its value in 4 to 6 years..

 

[Originalman]

I was actually going for the cheapest new car i could find and i settled for a dodge dart 2013 rallye model lol. I think it was around 18k but i probably ended up paying more. I had no clue what an APR was back then or anything that had to do with financing/credit.

 

[Born2BKing]

For a fukkin Dodge?

Prolly a Hellcat

 

[Wildhundreds]

Breh if you got that type of money to pay 100k cash for a car or put 100k in investments.

Then you going to a used car dealership is hustling backwards. If you got that type of cash you would be smarter to connect with someone with a used dealers license. Give them 500 to 1500 to take you to an auction and buy what you want at the dealer rate.

The secret is that used car dealers tax folks who want to carry car notes and who have bad credit. Usually a used car dealer is going to finance to a buyer a car at 1.5 times to 3 times what they paid for at the auction.

So a 2k car bought at the auction the dealer sells at $3,000 to 6k. A 10k car bought at the auction the dealer sells at 15k to 30k and so on and so on.

So if dude getting taxed at 28% the dealer is trying to get his worth on what he paid for the ride in the first few years. Then making nothing but profit after. To offset the risk. Also the hustle with a lot of these expensive rides is to keep getting the re sale off of one car and make a profit that way. Have one car with 5 re sales that they can make money after it keeps getting repossessed over and over.

Bingo..

They wouldn't of pulled this stunt with a regular RT challenger or charger..

But they know they can easily get 5 owners out a hellcat in 10 years..

 

[feelosofer]

As a Credit Analyst I'm callingno finance Manager would approve this.

Depends on the state. Chances are his credit it middling/below average, he could have secured his own financing had he took a little time to do some homework.

 

[Ezekiel 25:17]

nikka do u own a hellcat? u better cuz u goin a lil too hard for that damn dodge . let nikkas drive what they want . The poccet watching in 2020 is insane

I'm just calling it out for what it is

A lot of foreign gang trashing Americans cars, but just how reliable are them foreign cars? Using plastics all throughout the engine bay, all types of computer and electrical issues. Better make sure that warranty stay in check Your German car will be worthless in 5 years, that Hellcat will appreciate in value and become a collector's item in 15

If Lexus offered real performance German cars would be irrelevant.

 

[Originalman]

Bingo..

They wouldn't of pulled this stunt with a regular RT challenger or charger..

But they know they can easily get 5 owners out a hellcat in 10 years..

Well breh hate to say it but sometimes they do. Brotha I do business with got like 4 owners out a kia. Bought it from the auction sold it to one sista. She had the car for 4 months and started missing payments. The brotha repos the car.

Then he sells it to a mexican lady who had it for 6 months then started missing payments. Brotha repos the whip again.

Then he sells it to a white college student who keeps ot for 5 months starts missing payments and then the brotha repos the car.

Finally he sells it to some single mom (sista) who buys the car outright in cash.

Totally spent on buying the car at auction = $3,200

Total made on car including final sell to 4th owner = $8,500

And thats just one example.

Thing is dude was initially only selling the car for 5k to the first owner. So through this resale process after repo....dude made 3500 more than he had initially even expected from the purchase.

As a used car seller getting folks to buy overpriced cars is like shooting fish in a barrell.