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Started By
Message
23% interest on car loan
Posted on 8/6/14 at 11:25 am
Posted on 8/6/14 at 11:25 am
Co-Worker of mine just bought a truck,
said he financed 17,700 for 6 years and his payment is 458 a month
According to the amortization calculator thats 23.2% interest and ~33k total paid for the truck.
..hes almost 40 years old.
how bad of credit do you have to have ?!
or
said he financed 17,700 for 6 years and his payment is 458 a month
According to the amortization calculator thats 23.2% interest and ~33k total paid for the truck.
..hes almost 40 years old.
how bad of credit do you have to have ?!
or
This post was edited on 8/6/14 at 11:27 am
26
Posted on 8/6/14 at 11:25 am to BearCrocs
Posted on 8/6/14 at 11:25 am to BearCrocs
quote:
23% interest on car loan
did he leave out a period?
Posted on 8/6/14 at 11:26 am to BearCrocs
how can that be ?
?
Posted on 8/6/14 at 11:26 am to BearCrocs
There is a reason why most people can't break out of their lower middle class life despite high incomes.
That's pathetic.
That's pathetic.
Posted on 8/6/14 at 11:26 am to BearCrocs
That's sad. If his credit is that jacked and he is that old he should have bought a $2000 beater.
Posted on 8/6/14 at 11:27 am to BearCrocs
Tell him I'd be happy to loan him the 17,700 @ 20%
Posted on 8/6/14 at 11:28 am to Topwater Trout
quote:
did he leave out a period?
Posted on 8/6/14 at 11:29 am to BearCrocs
i had a friend (40), makes around a $100k, he had to finance a 2006 nissan maxima which he bought for $6k @ 18%.
WTF?
WTF?
Posted on 8/6/14 at 11:29 am to yellowfin
quote:
Tell him I'd be happy to loan him the 17,700 @ 20%
check out lendingclub.com
Posted on 8/6/14 at 11:30 am to Hawkeye95
i did not leave out a period.
and he makes GREAT money
and he makes GREAT money
Posted on 8/6/14 at 11:31 am to BearCrocs
Sounds illegal
Posted on 8/6/14 at 11:31 am to BearCrocs
That's quite the bargain
Posted on 8/6/14 at 11:32 am to BearCrocs
That's bad.
Posted on 8/6/14 at 11:32 am to BearCrocs
quote:
23.2% interest and ~33k total paid for the truck.
Posted on 8/6/14 at 11:32 am to BearCrocs
I'm going to go out on a limb here and guess he is from LP, lives in a trailer, and has multiple ways to ride in mud.
Posted on 8/6/14 at 11:33 am to biglego
I make $70k before taxes and live more comfortably than these morons making 6 figures or more.
I pay everything with cash, have no credit cards or debt, and live below my means and budget very strictly.
I pay everything with cash, have no credit cards or debt, and live below my means and budget very strictly.
Posted on 8/6/14 at 11:34 am to whit
Home equity line of credit......everyone is welcome so go spend some cash...........and Boom!
Posted on 8/6/14 at 11:35 am to BearCrocs
quote:
said he financed 17,700 for 6 years and his payment is 458 a month
According to the amortization calculator thats 23.2% interest and ~33k total paid for the truck.
God Bless America.
Posted on 8/6/14 at 11:35 am to goldennugget
If you can get to six digits and live like a broke college kid for a few years its amazing how fast that money can compound.
There is a subreddit i love r/financialindependence
Few guys in their 30's getting close to retirement by making bank and not spending shite. Pretty amazing.
There is a subreddit i love r/financialindependence
Few guys in their 30's getting close to retirement by making bank and not spending shite. Pretty amazing.
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