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

[calixprynce]

Dude the deal was bad off the bat...1k a month, for 96 months?!?! this dude didn't even think about it or do research into the hellcat... the STEALership fleeced him and that's not even counting repairs or replacement tires for all the horsepower he's gonna have to kick out for...

man that nikka so underwater he might as well try to finesse . its a wrap for heeem

 

[malbaker86]

Fake

 

[*AP]

It's still alot from what I've seen...he's literally paying $96K if the car is $60K...so they literally fleecing him with 36K extra... on top of the cars price... he's a dumbass...

The image is cut off but you can make out that the car is 44k and he's paying 67k on top over the term, so much worse than you're saying

 

[hotbeezie]

A $1000 a month for a hellcat?!!? Damn he should have just brought a cheap RT/ SRT8 and called it a day..

He should’ve bought a cash car and kept it moving

 

[ORDER_66]

The image is cut off but you can make out that the car is 44k and he's paying 67k on top over the term, so much worse than you're saying

THAT'S EVEN WORSE!!! gawddamn.....

 

[GreenGhxst]

28 percent

He has to be trolling

 

[King]

 

[Luken]

late with this one, but a $1000 a month for a car payment aint shyte.

 

[Son Goku]

I know a breh who girl tried to roll a negative $10K trade-in into a new $40K SUV with no munny down.


Had another buddy drop over $600 a month (for 84 months) on a truck as an E-3 in the military.


I went to the dealer with a co-worker who had like a 600 credit score, no cash, and no co-signer.

When I used to sling whips I caught a dude with two repos and slid him into an Avenger @ over 18%.

 

[Ayo]

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

Have you ever shopped for a used $100k+ car? The majority of them lose 30% of their value once they start rolling off leases in mass (around 3 years used). Once they hit 5 years old they are into the 60% - 70% area. I'm not talking special edition rare 911s obviously. I'm talking your general luxury vehicle.

Here goes a 6 year old (5 by model year) S550. Probably $120k+ new. Close to 70% depreciation.
2015 Mercedes-Benz S-Class S 550 | eBay

Don't blame it on the miles either because I'll show you 2015s with lower miles in the $40k range.

Here's another example. 2015 Range Rover. Retail also over $120k. 50% depreciation. If it wasn't a signature edition it would probably be in the 60%-70% range too.
2015 Land Rover Range Rover AUTOBIOGRAPHY Supercharged | eBay

There's a number of factors here.

1) $100k+ cars are generally expensive to maintain/repair. So price has to come down considerably for someone to feel comfortable having enough extra cash to fix problems.

2) people who can truly afford these cars lease them. they don't buy them and certainly don't buy them used. so once these come off 24-36 month leases Mercedes/Range has to dump them for what people are willing to pay. And when people who have money don't want them used....they have to fall a considerable amount before it reaches the next class of people who can afford them. Hence regular Joes being able to pick up a fairly new S63 AMG and floss in it without a $2,100 payment.

Next time you're in the Dupont Registry or looking at $250k+ Rolls/Bentleys and Super cars up for lease...look at the advertised terms. The leases stretch out for 5 to 10 years. This is not only to make them more affordable on a monthly payment but also to keep the used market from being flooded.

Certified Pre-Owned is a way to fight both #1 and #2 and try to capture back that people with money market.

 

[Wildhundreds]

Have you ever shopped for a used $100k+ car? The majority of them lose 30% of their value once they start rolling off leases in mass (around 3 years used). Once they hit 5 years old they are into the 60% - 70% area. I'm not talking special edition rare 911s obviously. I'm talking your general luxury vehicle.

Here goes a 6 year old (5 by model year) S550. Probably $120k+ new. Close to 70% depreciation.
2015 Mercedes-Benz S-Class S 550 | eBay

Don't blame it on the miles either because I'll show you 2015s with lower miles in the $40k range.

Here's another example. 2015 Range Rover. Retail also over $120k. 50% depreciation. If it wasn't a signature edition it would be more.
2015 Land Rover Range Rover AUTOBIOGRAPHY Supercharged | eBay

There's a number of factors here.

1) $100k+ cars are generally expensive to maintain/repair. So price has to come down considerably for someone to feel comfortable having enough extra cash to fix problems.

2) people who can truly afford these cars lease them. they don't buy them and certainly don't buy them used. so once these come off 24-36 month leases Mercedes/Range has to dump them for what people are willing to pay. And when people who have money don't want them used....they have to fall a considerable amount before it reaches the next class of people who can afford them. Hence regular Joes being able to pick up a fairly new S63 AMG and floss in it without a $2,100 payment.

Next time you're in the Dupont Registry or looking at $250k+ Rolls/Bentleys and Super cars up for lease...look at the advertised terms. The leases stretch out for 5 to 10 years. This is not only to make them more affordable on a monthly payment but also to keep the used market from being flooded.

Certified Pre-Owned is a way to fight both #1 and #2 and try to capture back that people with money market.

Looks as if they're pre paying for the maintenance of the car when bought brand new..

Thats why i say being the 2nd owner of a German car, with an extended warranty, is the best option..

 

[JT-Money]

Can't he just sue the Dealer for usary and void the loan?

Car Loan Usury: Unfair and Illegal Interest Rates - Weitz & Luxenberg

The law says that lenders cannot charge more than 16 percent interest rate on loans.

 

[KyokushinKarateMan]

late with this one, but a $1000 a month for a car payment aint shyte.

 

[lespaulultra3]

Can't he just sue the Dealer for usary and void the loan?

Car Loan Usury: Unfair and Illegal Interest Rates - Weitz & Luxenberg

The law says that lenders cannot charge more than 16 percent interest rate on loans.

It varies by state

 

[duncanthetall]

All these songs about hellcats and demons fukking up ppls perspective on what good cars are

Rappers still bragging about push to start like that ain’t been regular on Honda’s for 5 years