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

[JordanwiththeWiz]

23k in interest for 2016 hellcat I hope it’s worth it and nikkas only do stuff like this stunt for other nikkas because most women don’t know the difference between a V6 Charger or a hellcat.

 

[wenis]

Not my money. Good luck idiot

 

[Sccit]

@doggy

 

[Noriega]

I made the mistake of buying a brand new car in 2013 with a horrible credit , finished paying it off 5 years later and sold it right away.

What you had Breh

 

[Shadow King]

8 years to pay $110K for a Dodge

 

[Noriega]

How do nikkas even have car notes

 

[ORDER_66]

How do nikkas even have car notes

because they dont have cash to pay for the car outright...

 

[Ayo]

When you buy something like that, if you can't go in there and pay cash, leave it.

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.

 

[BigMoneyGrip]

I own too solo so what you saying?!?!?!?


To be honest, there plenty of people who live here that are struggling to pay rent and that just a fact. That why you have 10 in a 1 bedroom in corona or 40 year olds living with they mother in Patterson while working full time for sanitation.
Home ownership here is low as fukk unless you have legacy ownership (people’s own it and have it to you), people bought in the 80/90’s or families put they money together to buy a home (that eventually becomes a revolving door for everyone that migrates here.

Legacy ownership is how it should be.. My mom copped her house back in 93 and passed it to me, I purchased on my own back in 06.. Now using the pass down property as rental.. Home ownership is the quickest way to building wealth

 

[BigMoneyGrip]

because they dont have cash to pay for the car outright...

And would rather a new car under warranty so they don’t have to worry about catastrophic failure or any other issues where ultimately they don’t have to come out of pocket for... it’s a trade off with having no car note

 

[ORDER_66]

And would rather a new car under warranty so they don’t have to worry about catastrophic failure or any other issues where ultimately they don’t have to come out of pocket for... it’s a trade off with having no car note

That's why you save up and get a mid tier car or a car that's easy to fix... not everyone has money to buy a brand new car out the gate with a warranty right now in this economy... it is a trade off..

 

[Ayo]

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

No, this wouldn't happen at a new car dealership. But at a "Buy Here, Pay Here" or another used car spot with predatory lending might. They buy Hellcats from auctions just for morons like this.

Used car. Poor credit. High Debt to Income ratio. Stretch that 48-60 out to 96 months and you have a situation where 28% is completely plausible.

 

[Mike809]

What you had Breh

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.

 

[2stainz]

Legacy ownership is how it should be.. My mom copped her house back in 93 and passed it to me, I purchased on my own back in 06.. Now using the pass down property as rental.. Home ownership is the quickest way to building wealth

Land and property

 

[MaxBundles]

This guy is a special type of stupid