Monthly car payments hit record high of $712 in May

[Shadow King]

You got it bruh.


i see why they called you slow.

I know I got "it", it being called common sense and realism. There's a difference between finding your logic faulty vs lack of intelligence.

The only slow people in this thread would be you who can't see other vantage points and thus would advise someone to put down almost 100K on a Benz, and the other niqqa who can't follow his own logic and do math based on what HE said he doesn't want to finance.

So it makes sense y'all keekeeing and playing footsies.

 

[maxamusa]

Wifey just got a new whip....the interest rates are no joke right now. The grind don't stop though

not for nothing the 2023 joints are definitely worth it

 

[levitate]

Planned on getting a new car this spring…NOT ANYMORE.

 

[gho3st]

I know I got "it", it being called common sense and realism. There's a difference between finding your logic faulty vs lack of intelligence.

The only slow people in this thread would be you who can't see other vantage points and thus would advise someone to put down almost 100K on a Benz, and the other niqqa who can't follow his own logic and do math based on what HE said he doesn't want to finance.

So it makes sense y'all keekeeing and playing footsies.

The reason why i say youre dumb Is bc somebody who can buy a car worth 100K is either
1) not worrying about high monthly payments bc they got it liek that
2) if they dont want to pay high monthly payments, they dont care about putting a big down payment
3) or 3 they can lease it and have the enough money to do that


so the fact that you found this minuscule hole for your little brain to argue against is why you’re slow

moral of the story: buy a car you can afford instead of complaining about car payments

 

[Controversy]

I'll be a car FA in the next 2 months...these car prices are sickening...a damn Audi Q7 is running 1000+ a month (a Q5 is like $800+)...a Lincoln Aviator is about $900+

I make well over 6 figures but I can't fathom $800+ for a payment to get the type of whip I want

 

[Shadow King]

The reason why i say youre dumb Is bc somebody who can buy a car worth 100K is either
1) not worrying about high monthly payments bc they got it liek that
2) if they dont want to pay high monthly payments, they dont care about putting a big down payment
3) or 3 they can lease it and have the enough money to do that


so the fact that you found this minuscule hole for your little brain to argue against is why you’re slow

moral of the story: buy a car you can afford instead of complaining about car payments

And the bolded is why I know who's actually dumb in this thread and kills their entire argument and apparently real life application. Totally opposite of a person biting his nails over the arbitrary mark of $500/month.

Hint: It isn't @Shadow King

Any person with healthy purchasing power for a 100K or 130K vehicle is not putting down 75% of the price in attempt to manage their financing installments because burning a chunk of cash at one time on a depreciating asset is asinine compared to a small percentage of their monthly income they know they will manage.

Any other life expectancy value IQ talk you want me to entertain?

 

[NoMorePie]

I'll be a car FA in the next 2 months...these car prices are sickening...a damn Audi Q7 is running 1000+ a month (a Q5 is like $800+)...a Lincoln Aviator is about $900+

I make well over 6 figures but I can't fathom $800+ for a payment to get the type of whip I want

Corollas are nice

 

[gho3st]

And the bolded is why I know who's actually dumb in this thread and kills their entire argument and apparently real life application. Totally opposite of a person buying his nails over the arbitrary mark of $500/month.

Hint: It isn't @Shadow King

Any person with healthy purchasing power for a 100K or 130K vehicle is not putting down 75% of the price in attempt to manage their financing installments because burning a chunk of cash at one time on a depreciating asset is asinine compared to a small percentage of their monthly income they know they will manage.

Any other life expectancy value IQ talk you want me to entertain?

 

[Shadow King]

 

[Bunchy Carter]

LOL what S-Class you think you getting for $500 a month? That’s a $130,000 car. On a 60 month loan paying $500 that’s $30,000. Add on your $15K you saved up that’s $45K. Those ain’t S-Class numbers.

@gho3st sent me a picture of his S-Class he is paying $500 a month for:

He said he traded in his Bentley to lower his monthly payment for his S-Class:

 

[gho3st]

@gho3st sent me a picture of his S-Class he is paying $500 a month for:

He said he traded in his Bentley to lower his monthly payment for his S-Class:

Wow. Give me the contact for this shop. Gonna update my wooptie

 

[MyApps]

Planned on getting a new car this spring…NOT ANYMORE.

How much are interest rates right now?

 

[bigsausagepizzapapi]

How much are interest rates right now?

Probably 4-7% depending on credit union vs big bank and term.

And the bolded is why I know who's actually dumb in this thread and kills their entire argument and apparently real life application. Totally opposite of a person buying his nails over the arbitrary mark of $500/month.

Hint: It isn't @Shadow King

Any person with healthy purchasing power for a 100K or 130K vehicle is not putting down 75% of the price in attempt to manage their financing installments because burning a chunk of cash at one time on a depreciating asset is asinine compared to a small percentage of their monthly income they know they will manage.

Any other life expectancy value IQ talk you want me to entertain?

I think this was true for the last decade but with interest rates today its probably best to put a big down payment. But I'm with ya, the person who putting 100k down on a S class when rates were < 3 % probably the same kind of person where it took them 10yrs of savings just to have that badge.




The alternative scenario is people with bad or thin credit but have high income. You get preferable rates with a larger down.
Put 100k down and only finance 30k just to build up your credit but not ruin yourself with high interest rates.

 

[Greenhornet]

shyt is garbage

had new cars since 04 ... a few jeeps, an infiniti, chevy
had used cars 97 sentra, galant, buicks

they want the same price for the chevy used today .... as it was new 10 years ago

I'm good on all that

 

[Shadow King]

Probably 4-7% depending on credit union vs big bank and term.

I think this was true for the last decade but with interest rates today its probably best to put a big down payment. But I'm with ya, the person who putting 100k down on a S class when rates were < 3 % probably the same kind of person where it took them 10yrs of savings just to have that badge.




The alternative scenario is people with bad or thin credit but have high income. You get preferable rates with a larger down.
Put 100k down and only finance 30k just to build up your credit but not ruin yourself with high interest rates.

A big down payment is what though?

If your income is high enough to save in a timely fashion and entertain 100K down on a car you're likely going to wait and save the remaining 30 to cash out. Or simply cash out something 100K or under.