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Started By
Message
re: My local dealer is offering 108 month financing through GMAC
Posted on 10/15/18 at 1:49 pm to Jim Rockford
Posted on 10/15/18 at 1:49 pm to Jim Rockford
There are certain cars that I might consider taking a 9 year loan on. A Denali is not one of them..
0
Posted on 10/15/18 at 1:50 pm to Tigeralum2008
quote:60 mos comes out to about $80k, so $6k extra for the extra years, it seems.
If a baw were to purcahse his Deanli for $72K and finance at 4.25% for 108mos...the total cost would be $86,771
Couldn't you argue for the longer, 108 month interest for someone with great credit and could get the loan in the 2% range? Yes I'm aware that the majority of people doing the 108 month deal are probably out of their price range, but I'm thinking it's technically the correct play if you're 800+ credit score and low interest rate range, right?
This post was edited on 10/15/18 at 1:52 pm
Posted on 10/15/18 at 1:50 pm to Jim Rockford
Nice, it'll be paid off in it's prime... 
This post was edited on 10/15/18 at 1:51 pm
Posted on 10/15/18 at 1:51 pm to Jim Rockford
Nb4 lnchbox argues this is a good financial move for somebody that wants a truck instead of a boring Camry
Posted on 10/15/18 at 1:51 pm to Jim Rockford
108 month financing for a house right?
Posted on 10/15/18 at 1:52 pm to SonicAndBareKnuckles
quote:No calculator, but fingers were used!
Most borrowers are going to need a calculator to figure out how many years a 108 month loan is.
Posted on 10/15/18 at 1:53 pm to Chad504boy
quote:When I was probably 20 years old, didn't have much family to help out, this is exactly how i negotiated my 1st car by myself.
who cares. i made them hit my $789 a month limit. i held firm and stuck to my guns
Posted on 10/15/18 at 1:55 pm to shel311
quote:
Couldn't you argue for the longer, 108 month interest for someone with great credit and could get the loan in the 2% range? Yes I'm aware that the majority of people doing the 108 month deal are probably out of their price range, but I'm thinking it's technically the correct play if you're 800+ credit score and low interest rate range, right?
I imagine the risk associated with total loss in the event of an auto accident or mechanical breakdown over a 9 year span and never catching up to depreciation weighs heavily as well.
Posted on 10/15/18 at 1:56 pm to Jim Rockford
I'm getting me a Denali baws.!
Posted on 10/15/18 at 1:57 pm to Jim Rockford
Unbelievable. They know these baws too well 
. The lenders are going to have a bad time, I guarantee it.
. The lenders are going to have a bad time, I guarantee it. 
Posted on 10/15/18 at 2:00 pm to Jim Rockford
Frick yeah!!!!!!!
I have been waiting for this.
Y’all baws can have your Denali diesel’s all you want cause I’m about to put that 100k suv up in my driveway bayyyyy beeeeee
I have been waiting for this.
Y’all baws can have your Denali diesel’s all you want cause I’m about to put that 100k suv up in my driveway bayyyyy beeeeee
Posted on 10/15/18 at 2:00 pm to mmonro3
I don't even drive the same car for 9 years , let alone do I want to finance one for that long.
My primary vehicle is a 2016 Ford Focus ST and I'm already getting itchy for something different. Seriously considering a Hellcat in fact. If they built it in Hemi Orange there wouldn't even be much to think about.
I guess I could get a Camaro instead, put $1500 down , finance it for 9 years and have a $400 payment or something.........
My primary vehicle is a 2016 Ford Focus ST and I'm already getting itchy for something different. Seriously considering a Hellcat in fact. If they built it in Hemi Orange there wouldn't even be much to think about.
I guess I could get a Camaro instead, put $1500 down , finance it for 9 years and have a $400 payment or something.........
Posted on 10/15/18 at 2:01 pm to Jim Rockford
quote:
That Denali edition 1500 gonna look sweet sitting in my driveway
You gonna add some 32" wheels with low profiles tires also? I suggest going with gold tinted chrome to math your teeth.
Posted on 10/15/18 at 2:03 pm to shel311
For a depreciating asset, no.
Posted on 10/15/18 at 2:04 pm to Jim Rockford
Don’t forget to ur that 30 A sticker on the back.
Posted on 10/15/18 at 2:05 pm to Jim Rockford
Can someone help me?
Wouldn't these long-term finance options actually inflate car prices in the long run?
Wouldn't these long-term finance options actually inflate car prices in the long run?
Posted on 10/15/18 at 2:07 pm to castorinho
quote:True, that makes sense.
For a depreciating asset, no.
Posted on 10/15/18 at 2:08 pm to Jim Rockford
My local dealer is offering ounces for $150
Good herb too, not that middle of the mall shite
Good herb too, not that middle of the mall shite
Posted on 10/15/18 at 2:12 pm to shel311
quote:
When I was probably 20 years old, didn't have much family to help out, this is exactly how i negotiated my 1st car by myself
Same, got hit with the four squares
Posted on 10/15/18 at 2:12 pm to GEAUXT
quote:
It would be funny if I didn't know a bunch of retards are jumping on that like white on rice.
Can you imagine financing a vehicle for 9 fricking years!?
Without knowing the rate, how can you state this?
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