One thing I'll never do agian is finance a car.

[M617]

I wanted a nice ride so I financed a 17k car, I threw 4k down but that 4k basically didnt even go towards the loan it payed for taxes and other services i stupidly got. Its a nice car but overall im paying like 5-6k more than what the car was worth at the time when its all said in done because of interest and other BS charges I got during the course of the process. i consider it a L.

I got it 2 years ago and have 2.5 years left paying for it. Overall it sucks because each month I look at my $300 car note and hate it. I couldnt imagine being a guy with a $500 note.

I had the money to buy something for 5k to even 10k and could have been done with the payment at once but instead I decided to take on a loan i cant get out of and in the end I will have lost money in the grand scheme of things

now when i go to sell this car it will be worth like half of what i paid for if that. in my opinion a really nice car isnt even worth it you can do just as much with a paid for car that isnt over 10k.

i figured if i keep paying the monthly note it will cost me like 2 grand in interest. i could try pay it off now but that will be a huge hit to my money...wtf should i do?

 

[BlvdBrawler]

That's just how it goes, breh.

You can minimize a lot of that by buying from a private party (no taxes, no bs fees). I highly recommend that instead.

At least you didn't finance a brand new car. More often than not, that's a serious L.

Edit: But having a nice car is nice. You would probably be even more unhappy if you were driving around in a beater with 80k miles. $300 a month for some style and reliability isn't bad, at all. What kind of car is it?

 

[acri1]

Can't blame you breh.

I financed a car strictly to build up my credit a little bit (though it wasn't a new car), but I'm tired of that monthy bill myself. At this point I only owe about two stacks on it so I'm contemplating whether I should just pay that shyt off and be done with it...

 

[Yagirlcheatinonus]

What kind of car?

 

[MikelArteta]

should have bought a used car

still eating off my 9k corolla i copped 3 years ago as long it gets me from point a to point b

 

[The Bilingual Gringo]

What interest rate?

 

[Jesus Shuttlesworth]

I hate agreeing with the OP because he's a fakkit. But yeah, financing an automobile is really one of the dumbest things you can do.

 

[resurrection]

Agree w BlvdBrawler.. I have a $250 car note but I love my car, it's worth it, doesn't bother me a bit to pay it

 

[big bun]

unrealistic ass knee grows.

 

[Metta World Movement]

*Bought a used car for 4K four years ago*

*only spent like 1K for repairs since*

*hasn't had a major problem with it for over a year*

 

[DrunkenNovice]

If you plan on completely paying off your car you gotta throw extra money at the principle. Every week or so to fight interest.

Too late now but you coulda saved money by paying over the minimum

 

[Atlrocafella]

Got a $400 car note ..
$110 insurance..

Definitely some expenses I'd like not to have, but I make enough money, and I love the whip so its whatever.

 

[young3000]

What interest rate?

must be through the roof.

 

[O.iatlhawksfan]

Got a $400 car note ..

But I like my brand new whip.

Yea me too. I just got it but I really don't regret it

 

[Human Torch]

Got a $400 car note ..
$110 insurance..

Definitely some expenses I'd like not to have, but I make enough money, and I love the whip so its whatever.

$435. the car's brand new but bare bones (2012 accord) miss having a used car that has some features. Im young tho. Probably won't buy new again.