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re: My local dealer is offering 108 month financing through GMAC

Posted on 10/15/18 at 2:12 pm to
Posted by SonicAndBareKnuckles
Member since Jun 2018
2002 posts
Posted on 10/15/18 at 2:12 pm to
quote:

Wouldn't these long-term finance options actually inflate car prices in the long run?


Yes. Demand goes up when any ole baw can stretch his bro truck financing out to the end of days. Sticker price is no longer a barrier.
This post was edited on 10/15/18 at 2:15 pm
Posted by castorinho
13623 posts
Member since Nov 2010
88337 posts
Posted on 10/15/18 at 2:14 pm to
quote:

Wouldn't these long-term finance options actually inflate car prices in the long run?
this has already been happening
Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 10/15/18 at 2:14 pm to
quote:

Same, got hit with the four squares
Funny cause I thought I was a young genius getting one over on the dealers.

I had in mind a car payment, stuck with that amount, and was certain I won the battle when I got my car to come in under that amount.

So embarrassing looking back, thinking of what they were probably saying about me as they went back to the manager 37 times to check on the negotiated rate.
Posted by JPLIII
Broussard - terd supporter
Member since Jan 2008
22630 posts
Posted on 10/15/18 at 2:17 pm to
quote:

9 years financing? Why would anyone do that?


To get dat note down baw.
Posted by yellowfin
Coastal Bar
Member since May 2006
99034 posts
Posted on 10/15/18 at 2:23 pm to
That’s longer than my house
Posted by HeyHeyHogsAllTheWay
Member since Feb 2017
12458 posts
Posted on 10/15/18 at 2:26 pm to
quote:

That’s longer than my house


Your house on wheels bro?
Posted by Balloon Huffer
Member since Sep 2010
3421 posts
Posted on 10/15/18 at 2:26 pm to
There are two components that frick you via interest.

The rate and the term.

Everyone LOVES the rate, and ignores the term.

And that's exactly what the banks want.


Posted by Modern
Fiddy Men
Member since May 2011
17025 posts
Posted on 10/15/18 at 2:28 pm to
Gonna get that white Denali Yukon and have my kids private school sticker slapped on the back window the second I pull out the dealership.
Posted by BenDover
Member since Jul 2010
5572 posts
Posted on 10/15/18 at 2:30 pm to
quote:

Gonna get that white Denali Yukon and have my kids private school sticker slapped on the back window the second I pull out the dealership.


Leave room for the stick figure family
Posted by jamboybarry
Member since Feb 2011
33256 posts
Posted on 10/15/18 at 2:33 pm to
quote:

Leave room for the stick figure family



Do you even salt life?
Posted by LNCHBOX
70448
Member since Jun 2009
89374 posts
Posted on 10/15/18 at 2:33 pm to
quote:

Nb4 lnchbox argues this is a good financial move for somebody that wants a truck instead of a boring Camry



On what planet would I say something like that? The stupid shite some of yall invent
Posted by HeyHeyHogsAllTheWay
Member since Feb 2017
12458 posts
Posted on 10/15/18 at 2:33 pm to
Also, it's kind of odd that a quick Google search does not show one single automaker that offers longer than 96 month financing.
Posted by BlackAdam
Member since Jan 2016
7271 posts
Posted on 10/15/18 at 2:34 pm to
Can you drive a car for 108 months? My mortgage is only 180 months.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 10/15/18 at 2:35 pm to
quote:

Can you drive a car for 108 months?
It's only 9 years.

I had my last car 8 years, and my wife 10 years.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 10/15/18 at 2:45 pm to
quote:

My primary vehicle is a 2016 Ford Focus ST and I'm already getting itchy for something different. Seriously considering a Hellcat in fact.

Posted by LSUFanHouston
NOLA
Member since Jul 2009
41649 posts
Posted on 10/15/18 at 2:47 pm to
quote:

Wait 108-month terms are an actual thing??????


A neighbor did 84 months... on a 4 year old Yukon.

Another friend leases a new car every 3 years. She figures she's "used" to always having a car payment, so it's in her budget, so it's all good.
Posted by yellowfin
Coastal Bar
Member since May 2006
99034 posts
Posted on 10/15/18 at 2:48 pm to
Is a hellcat like a Hummer? It sounds like something that would resemble a Hummer
Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 10/15/18 at 2:50 pm to
quote:

A neighbor did 84 months... on a 4 year old Yukon.

Another friend leases a new car every 3 years. She figures she's "used" to always having a car payment, so it's in her budget, so it's all good.
1 of those sounds bad, the 2nd one, not necessarily.


Some people want a new car every 3 years or so. Those people probably should lease.
Posted by LNCHBOX
70448
Member since Jun 2009
89374 posts
Posted on 10/15/18 at 2:51 pm to
quote:

Is a hellcat like a Hummer? It sounds like something that would resemble a Hummer

It's a 707hp Charger or Challenger depending on if you want a sedan or coupe.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 10/15/18 at 2:51 pm to
quote:

Is a hellcat like a Hummer? It sounds like something that would resemble a Hummer


Yes. It is exactly like a hummer but it has 6 wheels.
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