Monthly car note unappreciation thread

[Mr210]

My car has been paid off since sept. I want to roll with my car for another year. I really want a tundra but damn they are expensive

 

[Ari Gold Bawse]

You guys are making me change my mind on financing the new A3

 

[TLR Is Mental Poison]

OP, whats the note?

 

[TLR Is Mental Poison]

Huh? How is that possible? Insurance pays out whatever they deem the car to be worth. If you put down 1/6 of the price right off the bat then obviously the car will be worth more than what you owe on it. You'll get the difference. That's a really low down payment for a 65k car, btw.

No insurance only covers what is financed. They have gap insurance to cover the rest. I know somebody whose brand new X5 just got totalled going through it now.

 

[87 others]

No insurance only covers what is financed. They have gap insurance to cover the rest. I know somebody whose brand new X5 just got totalled going through it now.

Gap insurance is to cover the negative equity. If your car is appraised at less than what you owe on it then you'll need gap or the difference comes out of pocket. You will not have that problem if you put a decent amount of money down.

 

[Drake is God]

OP, whats the note?

955.61

Residual- 60%

3k put down

 

[MF budz]

I understand you man. I have a 2008 Chevy Impala. It's got it's little issues but now the transmission is slipping. So I want to keep the car so I can keep miles of whatever I end up getting. That's why I want to get my transmission rebuilt and go ahead and get all the other minor issues knocked out. Then around April start test driving and doing research on what I'm deciding on. I got some trips coming up so I'll try to rent one of my choices and decide from there. Plus since I'm not going to be driving the new whip everyday I can keep some of the miles off of it. My current car has 196K miles on it and I keep the service up the best that I can. But I bet it will fill nice to have 2 different keys on the key chain, until note/insurance day.

#impalagang. I love mine and I got it for 5,000 as soon as I pay it off(about a year 1/2) and another vehicle I'm pimping that shyt out.

 

[beenz]

fukk a car payment. I'm much happier having a nice ass crib with an 05 whip.

 

[BaldingSoHard]

insurance doesn't fully protect the down payment I live in Chicago, so say I drop 10k on a 65k car which the m3 is, and it gets stolen I lose my 10k. Another thing is in Illinois you gotta pay taxes on the down payment amount.

Taxes on the down payment? What kind of fukking shyt is that?

 

[BaldingSoHard]

955.61

Residual- 60%

3k put down

fukk man $955.61 for a car you have to give back? No way breh.

 

[Vice Queen]

I wanted to buy a new car but the way my finances are set up....

My 2003 Civic runs like a dream though.

 

[Ineedmoney504]

I'm on the verge of saying fukk it and take the hit on my credit by turning it in. I got my car note at a real young age, very very high interest rates. I got the money to pay easily, but it don't seem like this won't ever win. I'm saving to just buy scar straight out and then send the car back and take the hit


Any advice?

 

[moniemane]

Wife had a 99 maxima that died at 200000 miles on it in 2012. I suggested to her to put a used engine in it because she did not want a car note and was going to by one in cash through her 401 k .jan 2016 its still moving strong its leaking oil after 4 years withoutva payment .im looking at one more year then she riding new

 

[Drake is God]

Taxes on the down payment? What kind of fukking shyt is that?

I meant taxes on the entire purchase of the car.

fukk man $955.61 for a car you have to give back? No way breh.

Switch it up every few years

 

[PinotNoir]

In.....