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

desjardins

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Me and one of my friends had 24% interest rates on our first cars. This is probably REAL common for people under 30.
Not sure what my friend did but I refinanced through a lendingtree type site after a few months to 12%
then refinanced again in a couple more months to like 8% eventually got down to 4-5% over the course of like a year :yeshrug:
I bought a used civic so no where near as dumb as this but when you young and need a whip to get to work it is what it is. Only way to fix your credit is to earn money :francis:
 

BigMoneyGrip

I'm Lamont's pops
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Straight from Flatbush
who lied to you? these jack in the box used car spots are a lick, esp to nikkaz.


Man fukk no. Straight :duck:

The longer a car sits on the lot, the more money they lose each day it sits. If you got the bread to pay outright (and most with the means to do so are not gonna get finessed) then you got the juice.
That’s what you think, of a car sits for more than a year on their lot they sell it straight to dealer auctions and that’s where them buy here pay here arab scamming dealers come in and scoop them up and have a sucker end up buying them shyts with 25% apr
 

Rekkapryde

GT, LWO, 49ERS, BRAVES, HAWKS, N4O...yeah UMAD!
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TYRONE GA!
That’s what you think, of a car sits for more than a year on their lot they sell it straight to dealer auctions and that’s where them buy here pay here arab scamming dealers come in and scoop them up and have a sucker end up buying them shyts with 25% apr

USED cars yeah in this case. But new cars don't.
 

Rekkapryde

GT, LWO, 49ERS, BRAVES, HAWKS, N4O...yeah UMAD!
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TYRONE GA!
Facts and peep how during this pandemic Nee car dealers are trying to shift to selling more used cars since that is the market right now

indeed. didn't even know about the new car thing, but it makes sense to try and move that inventory as fast as possible. When I read and found that out, I was like :ohhh:

But used cars is a whole nother ballgame of fukkery.
 
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#RIP Kobe
Hell, I fell for the German hype long ago. Bought a used 08 BMW 550 off lease with 35k miles for $34k. Price new 3 years prior was like $74k. I still got it cause all the money the warranty company and I put into it, I almost don’t want to get rid of it. With the miles on it, shyt is worth like $1k, lol...

worst gen of german cars ever . bmw didnt get halfway reliable until the F10s hit around 2013-2014 . 550 V8 was a known trouble maker,
 

Htrb-nvr-blk-&-ug-as-evr

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worst gen of german cars ever . bmw didnt get halfway reliable until the F10s hit around 2013-2014 . 550 V8 was a known trouble maker,

Actually the 1999-2006 Mercedes models are commonly known to be the worst...The current 550 V8 (N63) still is a trouble maker. It’s 2X more garbage than the NA V8 in my car. The F10 being a bit more reliable ain’t saying much...
 
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