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

[Two Stacks]

Where are you able to get financing under 10% with a limited credit history. Credit Unions/Banks just look at credit cards and go , 15%.

at the time all i had was 3 yrs of perfect credit history via student loans and 2 credit cards...it's NOT hard. we not talking about a house...i only borrowed 19k...

chase offered me 6.69% interest on $15k for 5 years. i was like ehhh

nissan offered me 6.14% interest on $19k for 6 years, which i took. i took it because the payments were lower and i knew for an absolute fact i would keep the car the whole 6 years, and i only have 23k on it (~229xx). so

 

[Silver Surfer]

when i saw 01....I was done reading

 

[L68]

update?

 

[patscorpio]

28% interest rate ....

 

[unit321]

I don't take out an auto loan. I just buy the car with cash, no financing. Of course, it's going to be used and less than $10,000.
Anyway, last car I took out a loan was awful. I didn't want a lien on my car so I got a personal loan at 8% interest, Looking back, that was dumb because it was like a 2 percent difference. I was paying over $400/month for an $8,000 loan.

 

[Malcolmxxx_23]

28 percent. nikka.really

ill do you a favour..il let you borrow the remaing 8k at 16percent...

12 percent diff

send me pm

real talk

 

[PrinceDeeDer]

....

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

He wasn't just tryna help himself, he was tryna help you too. If you working a temp Job you should be nowhere near a car lot.

www.craigslist.org next time

Burn it, say one of your friends left a cigg in the ash tray.

 

[BlvdBrawler]

28 percent. nikka.really

ill do you a favour..il let you borrow the remaing 8k at 16percent...

12 percent diff

send me pm

real talk

That's a pretty good deal. OP, I'd take this if I were you.

 

[Asiatic Black Hebrew]

I ain't going to dump on you bro cause you seem like a good dude, with good intentions and bad beats. I'm just going to keep it 100 with you man. Brotha to brotha.

You 27.

How much college you got?

You got your associates?

If not be realistic. You not graduating till you 30, most likely 31. Unless you come up on some job that pays well, you going to be struggling till then while taking out loans for college. You 9-10 years behind the curve by then.

Got no kids.

Don't do drugs?

pick one.

Sad part is the military isn't even guaranteed anymore. People always thought of it as a backup plan if shyt didn't go right. Well not anymore

Unless you wanna go the army route & be infantry, it's not a guaranteed option anymore. With all the budget cuts & downsizing, they're actually kicking people out.

Trust me, you don't wanna live that year long tour in the desert life. You better get a side hustle fast.

 

[datmass]

i think you over paid for that car bruh on top of the loan

 

[DrX]

holy usury batman

atleast it was better than eddie curry 85% loan



dude that hooked that loan up probably got a rise and a promotion

 

[DrX]

This thread makes me not want to become an adult

I don't understand a word of OPs post

dont worry lil homie uncle X will make it easy for u

 

[DrX]

why not just cop a bus pass? so u can save ur bread for more important shyt?

 

[aliG]

OP, you are dumb as rocks man.

 

[Mr. Somebody]

Maybe you should have bought a 1000 dollar car and used the extra money to repair it, friend. Just an idea like thoughts.