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re: Video of car dealers trying to make paying over $1K a month cool or normal

Posted on 8/29/22 at 10:25 am to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295801 posts
Posted on 8/29/22 at 10:25 am to
quote:

Dude at the end even whipped out a payment coupon book.


They still give those out?
Posted by 777Tiger
Member since Mar 2011
88439 posts
Posted on 8/29/22 at 10:26 am to
quote:

In 2022, are people really still using the little payment booklets?



mine came with an app to where you can pay by phone if you want to, unfortunately I wasn't able to download it on my rotary, dial up, flip, bag phone
Posted by bbarras85
Member since Jul 2021
2322 posts
Posted on 8/29/22 at 10:26 am to
quote:

Pretty wild that just 5 years ago I paid around 31k for a new crew cab XLT F150.


I paid 37k for the same truck, sport package and FX4. Good luck finding one for under 60k these days.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40232 posts
Posted on 8/29/22 at 10:28 am to
I pay a little under a grand in car note but it’s a 48 month at 1% interest for 2 vehicles.

I’ll probably get a “new” car in the next year or year and a half.
Posted by CP3LSU25
Louisiana
Member since Feb 2009
52570 posts
Posted on 8/29/22 at 10:36 am to
Any moron can go buy a 80k vehicle with a 9 year loan today. It’s pathetic
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53076 posts
Posted on 8/29/22 at 10:41 am to
quote:

I paid 37k for the same truck, sport package and FX4. Good luck finding one for under 60k these days.

Guess I'll drive mine into the dirt and go used afterwards. I'm not paying $50+k for a truck
Posted by 777Tiger
Member since Mar 2011
88439 posts
Posted on 8/29/22 at 10:45 am to
quote:

Guess I'll drive mine into the dirt and go used afterwards. I'm not paying $50+k for a truck



there comes a point of diminishing returns on repairing the old clunker though, that's what I ran into two trucks ago
Posted by CP3LSU25
Louisiana
Member since Feb 2009
52570 posts
Posted on 8/29/22 at 10:50 am to
We have some rent houses and the couple both drive 70-80k vehicles. One is a stay at home mom. We charge $1200 for rent. Kids these days would rather show off their nice vehicles with 9 year loans than to buy a house with a mortgage.

They obviously can’t afford a mortgage because of their expensive taste in vehicles.
Posted by bbarras85
Member since Jul 2021
2322 posts
Posted on 8/29/22 at 10:50 am to
quote:

Guess I'll drive mine into the dirt and go used afterwards. I'm not paying $50+k for a truck


I traded my 2017 in back in 2020 on a 2019 Platinum with low miles. The new truck belonged to a friend that only used it to tow a boat on the weekends so I knew what I was getting and couldn't pass it up. I got 35,000 on trade for mine and picked up the platinum for 42,000 with 20,000 miles on it. I will drive it for as long as it will last.
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 8/29/22 at 10:52 am to
My car payment is $0

Last year I bought a brand new 2021 Wrangler with cash.

Y’all keep making those bankers rich.
Posted by 3nOut
I don't really care, Margaret
Member since Jan 2013
31758 posts
Posted on 8/29/22 at 11:05 am to
quote:

there comes a point of diminishing returns on repairing the old clunker though, that's what I ran into two trucks ago




my wife has a 2009 chevy traverse with 130k miles. she hasn't expressed interest in getting something new. she'd love it but doesn't hate what she has. we probably pay $5-700 a years in maintenance on it between repairs, tires, and oil changes. that's hella cheaper than a single month payment for any of them in that video.
Posted by 777Tiger
Member since Mar 2011
88439 posts
Posted on 8/29/22 at 11:16 am to
quote:

we probably pay $5-700 a years in maintenance on it between repairs, t


I bought an F-250 years ago(diesel,) thinking I would absolutely drive it into the dirt, maybe it would outlast me, I spent almost enough repairing it between 100,00-130,000 miles to have paid cash for a new gasoline F-150
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
50798 posts
Posted on 8/29/22 at 11:57 am to
quote:

You could have gotten a 5.0 for that amount.
quote:

2 year old car, 10k off original MSRP?
A. It included 28 months of original warranty left.
B. it had only 4000 miles.
C. standard Ecoboosts were selling at the same or higher price without the Ecoboost Premium features of this car and without the HPP and HP packages.
D. MSRP for a new similarly outfitted Mustang GT Premium is over $60k. No way that can be purchased with so few miles and those features for $36k.
Posted by Tazzzzz2349
Florida
Member since Dec 2020
97 posts
Posted on 8/29/22 at 12:30 pm to
A fool & he money shall be departed…
Posted by Box Geauxrilla
Member since Jun 2013
19206 posts
Posted on 8/29/22 at 12:50 pm to
quote:

The people in that video are idiots for having $1200 - $1500 a month car payments


The people in that video are lying and this video is staged.

Notice they all work at a dealership. “Hello sir how much is your car payment” to his coworkers. Watch the last interaction as the guy is just filming his door and the black guy walks in. Oh I just so happen to have my payment book right here.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295801 posts
Posted on 8/29/22 at 12:57 pm to
quote:

I bought an F-250 years ago(diesel,) thinking I would absolutely drive it into the dirt, maybe it would outlast me,


Those are expensive when you develop engine issues. The old Ford PowerStroke 7.3L (Same block as the International T444E) was a beast though.
Posted by 777Tiger
Member since Mar 2011
88439 posts
Posted on 8/29/22 at 12:58 pm to
quote:

The old Ford PowerStroke 7.3L (Same block as the International T444E) was a beast though.



that's where I fricked up, didn't research and got the 6.0, they were both pretty new to the market at the time though
Posted by flyAU
Member since Dec 2010
24900 posts
Posted on 8/29/22 at 1:00 pm to
My 1999 BMW M3 was paid off in 2004. Haven’t had a car payment since. I love nice cars but not enough to go back to paying every month.

Posted by bulldog95
North Louisiana
Member since Jan 2011
21186 posts
Posted on 8/29/22 at 1:01 pm to
$335 a month for me.
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
10147 posts
Posted on 8/29/22 at 1:04 pm to
quote:

In my day you got Something cheap like Toyota single cab, Nissan hardbody, Isuzu pickup, or entry level car with AC and a radio.

If someone asked what you got you could say Toyota Pickup or Toyota car. No other name was used as it was a practical vehicle.


Yeah most cars now are way fancier than people need.
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