Average Monthly Auto Loan Now $503 @ 68 months

[Kyle C. Barker]

one of my cars is a 1995 honda civic. 235k miles, still runs smooth. 15-20 to fill the tank which lasts me 2 weeks. Property taxes about 22 dollars a year. all while doing my 5500 in a roth ira, 19% 401k contributions with employer matching 3%, pension contributions of 180/week, and some other dabbling.

Hope my civic lasts forever. If not, so be it, buy another for 1500-2000, keep rolling.

pulling up to a gas station next to a suburban, i can pull in, pump gas and pay, and leave, while dude is still pumping gas

And that's why I fukk with civics. My jeep Cherokee was constantly in the shop and when i asked my old girl how in the hell she never had to deal with the shop costs that I dealt with even after 250,000 miles. That was the moment that I knew I had to switch up. fukk flossing on Nikkas, I just wanna get to point B from point A without worrying about shyt.

 

[TheKang]

I paid off a drivetime last year


So conflicting to celebrate a bad decision

When that title came in the mail thoooo

 

[TLR Is Mental Poison]

And that's why I fukk with civics. My jeep Cherokee was constantly in the shop and when i asked my old girl how in the hell she never had to deal with the shop costs that I dealt with even after 250,000 miles. That was the moment that I knew I had to switch up. fukk flossing on Nikkas, I just wanna get to point B from point A without worrying about shyt.

I love my Civic

 

[AlwaysLurkin]

I assume you mean if you total your car, meaning at least 70% damage as determined by the inspectors. A wreck alone would not initiate gap insurance.

if you just buy out a good used car you won't need gap, the car's value is already gone through the heavy depreciation period since it's used and you'll find in most cases the insurance covers what the car's worth, which will be enough since you had the smarts to buy used.

And you know when you get a new car along with paying those payments, you're also paying for that gap insurance too. I really hope your savings account would be intact regardless. That's my point. Your savings/emergency fund should already be accounted for before you buy a car.

So do you think it would be smart to pay it off now...im trying to wait until I owe 10k to pay it off

 

[Deutsche Bank]

nikkas in this thread bragging about paying off usurious loans for products that depreciate eleven percent before you even take them home. The motherfukking percentage of depreciation off the lot is higher than the juice on the goddamn loan.

 

[intruder]

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

Explain your question?

 

[intruder]

nikkas in this thread bragging about paying off usurious loans for products that depreciate eleven percent before you even take them home. The motherfukking percentage of depreciation off the lot is higher than the juice on the goddamn loan.

So what are you saying??? Don't pay off your car loan?

 

[Carolina Slim]

I love my Civic

What year is your joint? I'm seriously thinking about trading in the optima for some cheaper version of the civic.

 

[TLR Is Mental Poison]

What year is your joint? I'm seriously thinking about trading in the optima for some cheaper version of the civic.

2009

Optimas arent bad though, what year/model is yours... Im thinking of replacing wifey's VW with an old Sportage Turbo once the kids start coming

 

[Silver Surfer]

Sounds like a hater thread....if you a 6 cert nikka 500 aint shyt especially if its what you want and its a nice whip

 

[HacksawJimThuggin]

I like having a new car every few years, so I always lease and put zero down. It's obviously not financially fruitful for me to do so, but you guys have to understand that certain people value having a nice car and are willing to pay for that luxury. Especially for someone like myself who spends hour a day in my car. So being on some "haaaaa having a car payment <<<<<<<" shyt is ignorant unless you know the intimate details of one's financial situation. Let's say a car payment for a nice luxury car lease is $500/month. That's $6k a year, which seems like a lot, but it's really not a huge difference in the grand scheme.

 

[Deutsche Bank]

So what are you saying??? Don't pay off your car loan?

Don't get a loan for a rapidly depreciating "asset" that will require over ten percent of your income in the first place, rendering yourself underwater before the ink is dry. fukk a nikka wanna ride new looking like he doing it, and ain't fukking doing it? Got a thirty, forty, fifty thousand dollar monster outside, but can't afford to take it nowhere.

fukk a nikka wanna have an executive whip, but he making entry level money? The only bytch you could pull or nikkas you could impress would be liabilities instead of assets to your program.

Fifty percent of American households knock down less than thirty five grand a year, black unemployment is at eight something percent, twenty one percent of new auto loans are subprime, four to five percent of which default every month. Who the fukk do nikkas think they're fooling, besides other broke nikkas? That's a waste of goddamn signaling.

Jesus fukking Christ, why is anyone with an IQ over 110 juicing themselves for assets during the biggest asset bubble of all time? Does a motherfukker surf anything on the net besides ESPN, black Twitter and pornhub?!?

That's why fools love Bernie Sanders, cause instead of doing basic mathematics, they can take out subprime fukking loans and either default, or eat beans and ham struggling to make payments and then have some jerkoff come along and tell em "bu bu but it ain't yer fault, it it it's the bank's fault!"

BULLshyt.

 

[SadimirPutin]

brehs buy a good affordable car..pay it off

and drive that shyt tile it cant run no fukking more

 

[Truefan31]

Money that goes into a savings/2nd account. You are talking all this smack about money and what other people drive.

How much are you able to save after your bills and taxes? Each month?

I'm not talkin smack. People can do what they want. So be it. If you think you can afford whatever you got, so be it. But there's a lot of people who think that and get into trouble. I've been there in my 20s, made mistakes and did things most others did. Had to learn on my own you don't have to live like that, like millions of others. Now I'm in a much better place, and wish I had done these things earlier. I'm personally against borrowing on basically everything except a mortgage, and even then the guidelines that would apply to me are at least 20% down, 15 year fixed, and payments no more than 1/4 of your monthly take home. And even then try to pay that off asap. There's people way better off than me no doubt, but I like that I don't owe anyone else my hard earned money. I'm still learning things every day.

After bills and taxes, depends on how much I work (I work a lot typically), so right now I'm able to save about 2500-3500 a month.

 

[Mr210]

I love my Civic

I love those new civics was thinking about getting one in the fall. I've had my current car for almost 8 yrs