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

[Koli_Kat]

Get raped at the dealership brehs

 

[Fctftl]

Land and property

Exactly. The only justifiable reasoning to put money on a car/truck note
Is business related(hauler, land scape, big rig, etc) if it aint to start a business its a bad buy. fukk flexin. Live
Poor today to live like a king tomorrow. The only way a car note is worth it is if its involved in a business venture.

 

[Koli_Kat]

I’ve come to the conclusion that many people will pay whatever the price is as long as someone is willing to lend them the money

Some people just default on shyt, file bankrupty wait the 7 etc. Credit scams basically

 

[Xyrax]

I never understood this. The returns on buying certified pre-owned late model and putting the excess disposable income into a growth or dividend heavy investment portfolio after maxing your 401k and Roth IRA contributions are so much higher than "stunting" and showing someone that you have a new vehicle that depreciated like crazy the second it left the lot.

I've never been able to wrap my head around why the now outweighed the long term. Logically I just cannot follow.

 

[Fctftl]

Some people just default on shyt, file bankrupty wait the 7 etc. Credit scams basically

I couldn’t do it. It takes a minute to recover from bankruptcy.
Better to do it on a failed business than just regular flexin. i really hope
These young dudes smarten up.

 

[kdub83]

I’ll walk or ride a bike or bus before I ever do an interest rate at that level. Hell you can Uber for less than that a month most places.

 

[Oatmeal]

Do ya thing young man! Coli brehs just big hatin cause they can't roll in a Hellcat for 96 months, they aint got a ride with theme music...Hellcat,Hellcat Hellcat,Hellcat...

Spoiler

better give the collection agency all the info now before the 3rd payment is due, and have some coffee ready for the tow truck driver in the morning

 

[Saysumthinfunnymike]

What the fukk? I put over 50% down on my whip these people are crazy

 

[Serious]

Yup

This is why you never look at someone and get jealous of the big house or fancy car

Anything...

Car, clothes, home or chick. Truth is more being exploited than they'd like to let on. To most people, the below applies:

Looking happy and successful >>> being happy and successful.

This J Cole Intro, rings true for me:

 

[Auger]

we gotta do better

 

[itsyoung!!]

Used car financing is usually 36 months max. There's no way they not take and an L on this deal.

you lying like a mafukka in here but aight man


ive sold hundreds of new and used cars, aint no 36 month max on a used car

 

[Chubbs]

Lives in NYC and owns 3 bikes.



Why are you paying a 100k for anything other than a property?!?????


I always laugh because plenty of millionaires walking and taking the bus/train why you weirdos want to pay your life for a car?!!!?


I’ll gladly be a “broke boy” and keep my stacks in the bank.

What decent property you getting in NY for 100k?

 

[YakSpiller]

Guaranteed it’ll get repossessed.

 

[Payday23]

 

[iceberg_is_on_fire]

These practices need to be illegal. Our government needs to implement policies to halt these predatory acts. Practices like these plague low income people. I’m absolutely pro- personal responsibility and accountability regardless of the circumstances, so the borrower absolutely should know and do better, but I also have to question the lender.

the assumed risk policy; low credit score, high interest, high monthly payment, a high debit-to-income ratio, and [insert additional requirements]; should the consumer fail to pay the financing institution no action can be taken to repossess the financed item as long as said percent of payment is met at a minimum, and [insert stipulations]

Capitalism requires regulation.

In this case, I 100% disagree. The dealership didn't ask that man to come to the dealership, in the middle of a fukking pandemic, long on stupidity and short on credit and cash. The contract itself for most people would have you going but he was hellbent on 'stuntin for the Gram' so with the level of ignorance he displayed, I can't even say he was taken advantage of. The terms of the loans are in black and white. This isn't LaFace ripping off TLC through legalese. A business shouldn't hold the hand of a person like this. He is his own downfall.