- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: At local Honda dealership this morning
Posted on 1/13/24 at 12:55 pm to lsufan1971
Posted on 1/13/24 at 12:55 pm to lsufan1971
I traded in a put additional cash down when I bought my pilot. Wanted a note under $400/mo for 60 months. (Ended up with 373/mo for 60 with 2.1%)
Count not imagine 3x that for an additional 2 years…… people just rolling over the previous car into the next car…. What are the chances he goes to buy another vehicle in 3-4 years and has that much more upside down……
Count not imagine 3x that for an additional 2 years…… people just rolling over the previous car into the next car…. What are the chances he goes to buy another vehicle in 3-4 years and has that much more upside down……
0
Posted on 1/13/24 at 12:58 pm to lsufan1971
What kind of genius deal did you work on that new Ridgeline?
Posted on 1/13/24 at 12:59 pm to ruzil
"He was so far upside down he had scratches on the roof"
Posted on 1/13/24 at 1:01 pm to lsufan1971
I just bought my wife a 2008 Toyota Corolla with 35K miles from a Nissan Dealership priced at $8K and got the out the door price at $10,200 after having a mechanic look at it. Feels great!
Posted on 1/13/24 at 1:01 pm to lsufan1971
I am going to hammer into my kids head to do whatever you can to not have a car note.
Posted on 1/13/24 at 1:04 pm to lsufan1971
My brother just bought a new car, put plenty down, $300 note.
This post was edited on 1/13/24 at 1:05 pm
Posted on 1/13/24 at 1:10 pm to lsufan1971
I don’t believe you
Posted on 1/13/24 at 1:11 pm to HooDooWitch
quote:
It’s amazing how the American buy confuses their “wants” with “needs”
The less self esteem you have, the more "wants" you'll buy.
Posted on 1/13/24 at 1:11 pm to RogerTheShrubber
A fool and his money are soon parted
Posted on 1/13/24 at 1:12 pm to Wayne Campbell
quote:
Generally they just role the current loan into the new one. Effectively you’re paying the dealership to take the car from you.
Yeah I'm just surprised they finance them like that
I usually put down about 20% of the vehicle up front to mitigate the possibility of being upside down on it
Posted on 1/13/24 at 1:14 pm to MyRockstarComplex
quote:
Or maybe he knows the government is going to take everything away from us soon anyway.
If that's the thought a Honda Pilot isn't the play.
Posted on 1/13/24 at 1:15 pm to lsufan1971
I pay $3,700 a month combined for my note plus my wife’s but we ain’t driving a damn Pilot! 
This post was edited on 1/13/24 at 1:17 pm
Posted on 1/13/24 at 1:17 pm to Joshjrn
quote:
Love both my Accord Touring and my very reasonable car note.
My wife and daughter both drive Accords. They have been great vehicles for us.
Still fairly reasonably priced too. You can get a nicely equipped one for around 30k.
This post was edited on 1/13/24 at 1:26 pm
Posted on 1/13/24 at 1:17 pm to lsufan1971
quote:
$1200 a month for 84 months
That is borrowing on $80k+ @ 7%.
Posted on 1/13/24 at 1:17 pm to Powerman
quote:
I didn't realize you could even trade in a car that you're upside down on
As long as you have the credit to take on the rest of the bank note added to the new car, you can.
If you owe 30k on a car that is worth 15k while trying to buy one that is 60k, you would finance 75k for that new 60k car.
Posted on 1/13/24 at 1:19 pm to Powerman
quote:
I didn't realize you could even trade in a car that you're upside down on
Yeah, you can.
Main reason to do that is if the old car is about to self destruct and you want to get SOMETHING for it rather than take a total loss.
Posted on 1/13/24 at 1:19 pm to LSUGrad2024
quote:Thanks for this amazingly salient insight.
My brother just bought a new car, put plenty down, $300 note.
Post pics here of his gf as penance.
Posted on 1/13/24 at 1:23 pm to Lonnie Utah
quote:
84x1200=100,800.
The most expensive new pilot I could see near me was $46k. Think about that for a second...
Dude, he owned $70k balance for his F150 Limited! He got a steal of a deal!
Posted on 1/13/24 at 1:25 pm to Obtuse1
I wonder if the 1200 included the insurance ro cover the equity gap?
Posted on 1/13/24 at 1:25 pm to MyRockstarComplex
quote:
Maybe he plans to die soon.
I wouldn’t be at the Honda dealership if that’s the case.
Page 2 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News