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re: Would a $500+ car note break the bank for you?

Posted on 7/20/19 at 11:33 pm to
Posted by Breauxsif
Member since May 2012
22336 posts
Posted on 7/20/19 at 11:33 pm to
quote:

Me? Pfffffffffttt. I’m gonna go with no. Now, my lowest ranking security staffer? Yeah, probably.

The internet is such a great place to pretend who we want to be.
Posted by Isabelle81
NEW ORLEANS, LA
Member since Sep 2015
2718 posts
Posted on 7/20/19 at 11:35 pm to
That is too much, esp when you add insurance, fuel and maybe parking costs. A car is a mode of transportation, not a status symbol.
Posted by Flashback
reading the chicken bones
Member since Apr 2008
8479 posts
Posted on 7/20/19 at 11:56 pm to
I wont pay over 5000 for a car, so I wouldnt know.
Posted by BACONisMEATcandy
Member since Dec 2007
46735 posts
Posted on 7/21/19 at 12:07 am to
quote:

I know what California considers a resident.. That's why I don't work more than a certain amount of time here a year.


This statement tells me you in fact do not.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41011 posts
Posted on 7/21/19 at 12:28 am to
I'm about to buy a vehicle that will prob be a 550/month note, but over 48 months not 84.

Car prices disgust me.
Posted by Springlake Tiger
Uptown
Member since Aug 2006
15531 posts
Posted on 7/21/19 at 6:14 am to
I bought a $41,000 vehicle about a year ago. Financed for 72 months at 1.99%, the note is $667. However I’m throwing an additional $4k at it every month and will own it by the end of this year.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 7/21/19 at 7:13 am to
I am paying $600 for each of our cars. However the note is considerably lower.
Posted by yellowfin
Coastal Bar
Member since May 2006
98936 posts
Posted on 7/21/19 at 7:19 am to
quote:

I bought a $41,000 vehicle about a year ago. Financed for 72 months at 1.99%, the note is $667. However I’m throwing an additional $4k at it every month and will own it by the end of this year.


Where did you find 1.99 for 72 months?
Posted by glorymanutdtiger
Baton Rouge
Member since Jun 2012
4603 posts
Posted on 7/21/19 at 7:22 am to
Is everyone here a millionaire?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298730 posts
Posted on 7/21/19 at 7:28 am to
Know a guy who makes around 170k-180k a year, has a $1,300 truck note and is always crying because he's broke.
Posted by yellowfin
Coastal Bar
Member since May 2006
98936 posts
Posted on 7/21/19 at 7:31 am to
Probably a better chance of them being liars
Posted by BACONisMEATcandy
Member since Dec 2007
46735 posts
Posted on 7/21/19 at 7:41 am to
That’s what I want to know. I bought a new car about the same time and financed around the same amount. My credit score can’t get much higher and my rate from USAA was 3.09 for a 60 month
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
19253 posts
Posted on 7/21/19 at 7:44 am to
Lots of car note talk on here about interest, monthly notes, and duration of the loans.

I feel the real bad decisions are made on the shite people buy like the 60k plus boats and the ridiculous side by sides that start out at 20k. How many people finance these things that have no financial ability to be doing so? I bet more so than do not.
Posted by yellowfin
Coastal Bar
Member since May 2006
98936 posts
Posted on 7/21/19 at 7:54 am to
Cheaper than penfed and lightstream too
Posted by LSU alum wannabe
Katy, TX
Member since Jan 2004
27777 posts
Posted on 7/21/19 at 7:57 am to
quote:

550 x 84 months = $46K.


Didn’t know 84 months was an option.

What the hell are you buying? I never buy anything where I am paying notes past warranties. Factory or extended.
Posted by Rosenblatt
Member since Apr 2019
6294 posts
Posted on 7/21/19 at 8:11 am to
No but it’s kinda dumb to pay that much for a depreciating asset imo
Posted by LewDawg
Member since May 2009
77514 posts
Posted on 7/21/19 at 8:13 am to
quote:

Who gets paid weekly?
I do. It’s awesome
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/21/19 at 8:13 am to
quote:

I know the laws and follow them. I made sure my tax person knew I never wanted to have to worry about something coming back to bite me on the arse. I just go the extra mile to get every penny I can back. I know what California considers a resident.. That's why I don't work more than a certain amount of time here a year. and take regular trips back to La. Louisiana still takes their cut. I won't even go into the hassles I'm having with the Dept of Revenue right now over last year. I didn't even work in the state and they have their hand in my pocket.


Why do you lie so much?
Posted by Robertson coach
pville
Member since May 2019
327 posts
Posted on 7/21/19 at 8:18 am to
$900/mo for 48 months (own sooner and pay less interest).
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/21/19 at 8:20 am to
quote:

$900/mo for 48 months (own sooner and pay less interest).


And pay more opportunity costs.
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