Getting straight raped by this auto loan I recently signed...

[Klyk21]

....

1) 28 % interest rate

2)finance charge is 1,972
3) financed 6000
4)number of bi-weekly payments....52 @ 150 a piece
5)put down 1300 but with all the fees and shyt...seems like i aint put down shyt!
6)9479 OWED for an 01 car (yeah nikka im private) with 120k miles man

Had about 3000 in the bank back in May after I quit my job but I couldn't find another job that was steady all summer (temp jobs...then laid off after 3days/1week/ respectively) and ended up having to dip into my savings to survive. Well fast forward to 2 weeks ago and my car (spent 11k for it and it was only worth about 4k) which I had for 6 years and recently had paid off only 2 years ago, broke down. shyt was leaking oil/coolant pipe busted as well and I had no idea oil had been going down. Shop said it was pretty much toast so I was forced to buy a car in 1 day. Applied at carmax and ford and got declined. I'm like.....I paid fukking 11k in payments ON TIME cuz for 3 years straight and nobody can approve me b/c I got 1 past due account on my shyt?! Pay all my bills ON TIME and everything!!! I was pissed off that day man I swear. Straight ready to take the Pt140 and do the damn thang at a bank. fukking credit!! I hate that shyt!!! Then one guy asked me about how long I had been on the job and I was like 3 months (more like 3 days but w/e) and he was like "we don't mess with temp agencies as signs of employment" Really tho bruh?! Man fukk him. Then strolled on over to the buy here -pay here used car dealership and got approved for 28% and the foreseeable future being fukked for me right now....Man....fukk this shyt

 

[MicIsGod]

 

[Malcolmxxx_23]

28% percent cotdamn

if its not ZERO PERCENT



fukk that

 

[BlvdBrawler]

Damn that's ass. At least you're doing bi-weekly pmts, that's pretty smart.

 

[marcuz]

never get an auto-loan


but on the flip side, investors, auto-loans are the shyt

 

[HookersandIceCream]

Even the loan sharks are like

And its a 01 car

 

[Klyk21]

Like I told my bruh, they treating me like i'm keisha in the hood with 3/4 kids when in actuality, I'm just a 27 year old dude that's going to school, trying to get experience, no thugging, no drugs, no record, pay bills on time, respect others and this how I'm treated by the credit system?! Yea early on I may have made some mistakes (had no idea about % rates or anything back then) and got behind on my 300 dollar limit turned 600 dollar debt by that first pro bank or w/e it's called. fukk them man. fukk debt. fukk it all....this shyt got me wanting to fukk something up right now....I thought I only owed the 6k but turns out I owe the 9k unless paid off early......but i'm fukking broke right now!!!!! If I had that shyt I'd dump it straight onto this debt and keep it moving but I don't. Jobs not hiring! Got no real work experience (except warehouse shyt) but I'm pretty decent with computers and I'm actively looking for a repair job or something with minimal exp. Applied at geeksquad but never received a call but I apply there often though. Some guys in ATL are ballers for sure....some even on this site but I'm not one of them......yet. Until that day, fukk this shyt again

 

[TheBigBopper]

God damn your credit must be shyt!

 

[Ricky Church]

Sent from my iPhone using Tapatalk breh.

 

[Klyk21]

God damn your credit must be shyt!

yeah it's very poor/ to poor status. It's not really established (got declined by wells fargo due to "lack of trades" and "insufficient revolving accounts".....like wait, y'all want me to open up MORE credit? What about that fukking 11k loan I paid off...) though I've paid off all my debts except this one from school I used to attend. But I'm going to pay this shyt off though. Once I do, I will begin saving again and stacking stacking stacking. I'm really good at saving shyt so I just feel like once I get a decent job, this debt will be gone in no time.

 

[MoneyTron]

28%?!!!!!!!!!!

What in the fukk?!

 

[MoneyTron]

Given your situation though...you did what you had to do. I understand.

 

[Rocket Scientist]

should have never signed it dude.












or at least get somebody to co sign

 

[Typical Knicks Fan]

Did you look at what up signed before signing? 28% is no joke, especially for a car loan. I would've taken public transportation or a cab instead. I bet those options are looking pretty good right now.

 

[904]

28

Highest I heard was like 20 when I was selling.. Dealer prolly said don't even look at anything else, this is the only car we can sell you