Average Monthly Auto Loan Now $503 @ 68 months

[Kyle C. Barker]

They have got a LOT better since the 90s/00s but I still wouldn't do one out of a lease. The newest ones are the most reliable by far, old ones aint worth shyt.

You may be right too. I can't speak on their models past 2010

 

[Sypress]

I pay $400 a month

 

[intruder]

So many fake ballers out there paying on a damn car for 7 years




New car, new reality: Auto loan borrowing hits fresh highs

Mofos with bad credit gotta pay :
But seriously I've paid off 3 cars in my life and am now on my 4th financed car. I hope to pay it off in 3 years even tho my interest rate is 2%. I know my limits. I've never had car payments higher than $283/month. Next closest was $256. It's pretty simple

• Pay what you owe on time so mofos don't fukk with your credit. Too many mofos paying $500/month out there for financing a freakin Nissan Altima or Honda Civic because their interest rate is through the roof.
• Don't buy what you can't afford. Be realistic. If you make $75K or less you have no business driving a car with s pricetag that's over $17K-$20K. Period. We all like nice things... stop letting rappers drive your ambitions way being your means. Know your role
• Watch your income/debt ratio. I must say @Rawtid taught me this one. Just paying the bills isn't enough anymore. Debt /income is what lenders for home loans look at more than anything else

All about being smart in this new life where everything is financed from cars to homes and phones and medical procedures

 

[AlwaysLurkin]

Would yall pay off your car if u have gap insurance?

 

[AkilinaArina]

Unfortunately yeah


Mt parents were all about Volkswagen and audi growing up so I do remember when those cars were actually good. Then about 2000 they just stopped giving a shyt about making reliable cars

And I'm in love with this Audi that I've had my eye on

I feel like just getting a Lexus

 

[Apollo Creed]

And I'm in love with this Audi that I've had my eye on

I feel like just getting a Lexus

Lexus would be least headache. Like i said before if you do your own work then german cars arent that bad but parts still cost more you just catch a break on labor cost

 

[Mr210]

My car has been paid off for a year now, but I'm looking to get a car in September. My last interest rate was 4.0 I'm hoping this time it is 3% or lower. I really want a tundra but those trucks even used are damn expensive. So still haven't decided if I'm going to get it or get something else

 

[BaldingSoHard]

Meanwhile there are conservative blue chip stocks returning 8, 9, 12% on nothing but dividends

 

[intruder]

I found out the hard way. Bought a brand new jeep cherokee straight outta school for about 25k but was paying $400 a month for it. I was making 60k a year then and that car payment kinda put a dent in my budget after rent and school loans.


I stay driving slightly used hinda civics these days and I keep the loans under $10k so I can keep the monthly payments at or below $150

Smart man.

 

[AkilinaArina]

They have got a LOT better since the 90s/00s but I still wouldn't do one out of a lease. The newest ones are the most reliable by far, old ones aint worth shyt.

Is it engine trouble or parts?

 

[PrnzHakeem]

I never said Lexus is not reliable but I did say maintenance costs are expensive which is true.

What kind of car do you drive?

Find me a listing for these 2013 RX450H at a 1/3rd of the price (or $12,000)


Or just admit you was talking shyt and apologize.

 

[Kyle C. Barker]

And I'm in love with this Audi that I've had my eye on

I feel like just getting a Lexus

I feel you. Audi's are pretty as hell

 

[TLR Is Mental Poison]

Breh there are plenty of stocks with P/Es at 10 or under. Im not bullshytting you

Point is having a responsible car note makes way more sense than paying cash right now

 

[TLR Is Mental Poison]

Mofos with bad credit gotta pay :
But seriously I've paid off 3 cars in my life and am now on my 4th financed car. I hope to pay it off in 3 years even tho my interest rate is 2%. I know my limits. I've never had car payments higher than $283/month. Next closest was $256. It's pretty simple

• Pay what you owe on time so mofos don't fukk with your credit. Too many mofos paying $500/month out there for financing a freakin Nissan Altima or Honda Civic because their interest rate is through the roof.
• Don't buy what you can't afford. Be realistic. If you make $75K or less you have no business driving a car with s pricetag that's over $17K-$20K. Period. We all like nice things... stop letting rappers drive your ambitions way being your means. Know your role
• Watch your income/debt ratio. I must say @Rawtid taught me this one. Just paying the bills isn't enough anymore. Debt /income is what lenders for home loans look at more than anything else

All about being smart in this new life where everything is financed from card to homes and phones and medical procedures

Yep

Good credit opens doors. My credit card pays me to spend money

 

[BaldingSoHard]

Breh there are plenty of stocks with P/Es at 10 or under. Im not bullshytting you

Point is having a responsible car note makes way more sense than paying cash right now

idgaf about p/e, gimme some symbols that are gonna get me 12% on dividends alone.