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re: How much was your biggest car note?

Posted on 6/21/20 at 6:26 pm to
Posted by BACONisMEATcandy
Member since Dec 2007
46643 posts
Posted on 6/21/20 at 6:26 pm to
Rates are all about timing but typically USAA, Navy Federal, or PenFed are the lowest.

Luckily we have access to all 3
Posted by pjab
Member since Mar 2016
5647 posts
Posted on 6/21/20 at 6:28 pm to
$766 for 60. No trade.
Posted by Loup
Ferriday
Member since Apr 2019
11335 posts
Posted on 6/21/20 at 6:38 pm to
$234
Posted by MMZ
Baton Rouge
Member since Aug 2004
155 posts
Posted on 6/21/20 at 6:39 pm to
$1274 for a BMW 650 convertible on a 3 year lease.
Posted by RazorBroncs
Harding Bisons Fan
Member since Sep 2013
13540 posts
Posted on 6/21/20 at 6:47 pm to
$565/mo for 72 months on a Challenger RT brand new when I was about 25. Dumbest decision I've ever made financially, I was so upside-down on that thing for like 3 years.

I'll never finance a new car again and probably never a used one either, after I made friends with some guys that own an auction lot. That really is the way to go, even if you get $200-500 cars you just drive for a couple years at a time. You can get some really good, low mileage late model cars at auction for under $1000 if you're willing to get simple body work done (like a new bumper cover, or fender replaced and painted).

I would suggest it to anybody.
This post was edited on 6/21/20 at 6:49 pm
Posted by Bigpoppat
Drinking a Manhattan
Member since Oct 2008
9215 posts
Posted on 6/21/20 at 6:49 pm to
quote:

MMZ


quote:

Biography:Catholic High


quote:

Occupation:Attorney


quote:

BMW 650 convertible


quote:

3 year lease


All checks out
Posted by shel311
McKinney, Texas
Member since Aug 2004
110896 posts
Posted on 6/21/20 at 7:07 pm to
quote:

How much was your biggest car note?

Current one, I think $560. 60 months.
Posted by Asharad
Tiamat
Member since Dec 2010
5705 posts
Posted on 6/21/20 at 7:47 pm to
$35,000 up front
Posted by dbeck
Member since Nov 2014
29453 posts
Posted on 6/21/20 at 8:10 pm to
quote:

your biggest car note?

8.5 x 11"
Posted by Dandy Lion
Member since Feb 2010
50253 posts
Posted on 6/21/20 at 8:14 pm to
A car can be an investment, if you're very patient, when acquiring it.

My current vehicle, I paid cash. Ten months from now, I'll be able to sell it for what I paid.

I'm enamored with it, so, time will tell.

Posted by Coon
La 56 Southbound
Member since Feb 2005
18492 posts
Posted on 6/21/20 at 8:26 pm to
A better measurement would be car note/income. These random numbers are dumb.
Posted by kengel2
Team Gun
Member since Mar 2004
30807 posts
Posted on 6/21/20 at 8:28 pm to
Ive only had like 3 vehicles. The only note I had was $300. Not an OT baller either.

Next vehicle will probably be more though. We want a camper and I need something to pull it.
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 6/21/20 at 8:28 pm to
Bout 350
Posted by shel311
McKinney, Texas
Member since Aug 2004
110896 posts
Posted on 6/21/20 at 8:41 pm to
quote:


A car can be an investment, if you're very patient, when acquiring it.

My current vehicle, I paid cash. Ten months from now, I'll be able to sell it for what I paid.

I'm enamored with it, so, time will tell
it's pretty rare.

I got my car 15 months ago, and if I sold it now, based on comps, I could get anywhere from $3k-6k or so more than what I paid for it, before taxes.
Posted by Limitlesstigers
Lafayette
Member since Nov 2019
2854 posts
Posted on 6/21/20 at 8:45 pm to
I only buy used Toyotas and I buy with cash. Outside of credit card debt, car notes are the biggest reason why the average American lacks enough wealth to retire.
Posted by TnMountaineer
Minglewood
Member since Aug 2018
3490 posts
Posted on 6/21/20 at 9:05 pm to
My FJ Cruiser was 460 a month. Paid off now. It’s ten years old and I’d love a new 4Runner but no car payment is nice.

The 4Runner would be 500 even if I put 10k down.

frick that.
Posted by yellowfin
Coastal Bar
Member since May 2006
97649 posts
Posted on 6/21/20 at 9:09 pm to
$968
Posted by Klingler7
Houston
Member since Nov 2009
11985 posts
Posted on 6/21/20 at 9:11 pm to
Cash money all day
Posted by Ancient Astronaut
Member since May 2015
33114 posts
Posted on 6/21/20 at 9:21 pm to
400+ but I don’t have many other bills
Posted by EFHogman
Member since May 2016
538 posts
Posted on 6/21/20 at 9:26 pm to
$825 for 72 mos forl my wife’s new Sequoia. Will never do that again. I was able to pay it off early though. For what it’s worth I’m driving her old Sequoia that has 250 K miles on it looks like crap but still running great. And yes it’s paid for.
This post was edited on 6/21/20 at 9:29 pm
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