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re: Would a $500+ car note break the bank for you?
Posted on 7/20/19 at 5:15 pm to Bestbank Tiger
Posted on 7/20/19 at 5:15 pm to Bestbank Tiger
quote:
No, but it would be a huge waste of money. Plus the bank would require you to insure the vehicle instead of just carrying liability.
If you car is worth over 15k you should probably be carrying more than liability.
Maybe I am wrong there though. Willing to change my mind.
0
Posted on 7/20/19 at 5:18 pm to go ta hell ole miss
$500/month (or $40k lump sum) invested at an average annual market return of 7% nets an improved investment against a 3% interest rate on a note, but carry on.
If you aren’t going to invest the money I agree the note is a bad decision if you can avoid it.
If you aren’t going to invest the money I agree the note is a bad decision if you can avoid it.
Posted on 7/20/19 at 5:21 pm to lsu xman
Found out the other day that paying cash for everything isn't good for your credit, so I took out a loan for a boat. Haven't had a loan in a long time. Kinda sucks
Posted on 7/20/19 at 5:23 pm to Hammertime
quote:
Found out the other day that paying cash for everything isn't good for your credit, so I took out a loan for a boat. Haven't had a loan in a long time. Kinda sucks
You just found out that not having a credit history will affect your credit?
How did you “find out”?
Posted on 7/20/19 at 5:25 pm to Joshjrn
quote:
Would a $500+ car note break the bank for you?It wouldn’t come close to breaking me, but $550 for 84 months is really fricking dumb.
He is talking about a House note right? Who would owe on a car that is 7 yrs old intentionally?
Posted on 7/20/19 at 5:29 pm to danilo
quote:
What kind of car?
Range Rover Sport
She rear ended a family at a red light drunk in it, one had to go to the hospital, she didn't blow, got her license suspended, had a home alcohol monitor which she kept failing.
Judge threw her stupid arse in jail for 15 days.
Then I divorced her.
This was the 5 millionth stupid thing she had done.
Haven't seen nor spoken to the dumb bitch since March and I saved $900.00 aa month
Posted on 7/20/19 at 5:32 pm to lsu xman
Mine is $784 but that's about a third of one weekly paycheck. No sweat. It's an expensive car and I'm not going to stretch payments out. I'd rather get it over with, and I can afford it. I've been paying a hundred or so extra a month and I'm ahead of the payoff date a little now.
I'd have paid more cash down on it but I had to have something relatively quickly at the time.
When I sell it in a couple years and get a new Vette, I'm going to put a bigger down payment.
I'd have paid more cash down on it but I had to have something relatively quickly at the time.
When I sell it in a couple years and get a new Vette, I'm going to put a bigger down payment.
This post was edited on 7/20/19 at 5:37 pm
Posted on 7/20/19 at 5:33 pm to lsu xman
quote:
84 months
Da fuq?
Posted on 7/20/19 at 5:35 pm to Sayre
quote:
weekly paycheck
Who gets paid weekly?
Posted on 7/20/19 at 5:37 pm to fightin tigers
quote:
Who gets paid weekly?
I do. Direct deposit. It's in my contract.
I only worked 8 hours today and made $1100.
This post was edited on 7/20/19 at 5:40 pm
Posted on 7/20/19 at 5:41 pm to udtiger
quote:
About 30.7% of new car loans extend in the range of 73 months to 84 months, according to Experian.
About 40.7% of new car loans are in the 61-month to 72-month range. Only 20% of new car loans are in the 49-month to 60-month range.
LINK
This post was edited on 7/20/19 at 5:42 pm
Posted on 7/20/19 at 5:43 pm to lsu xman
I could never see doing over 5 years. That's just nuts.
Posted on 7/20/19 at 5:43 pm to Sayre
quote:
I only worked 8 hours today and made $1100
I had the day off, drank bourbon, and made about half that.
I win.
Posted on 7/20/19 at 5:45 pm to lsu xman
I was just involved in a car purchase and 84 months wasn't even an option. Where are you guys seeing that?
Posted on 7/20/19 at 5:46 pm to fightin tigers
quote:
I had the day off, drank bourbon, and made about half that.
I win.
Not in Prarieville you don't.
This is the kind of place where you walk outside after work and it feels better than it did inside.
I'm done with dark liquors. The hangovers are too painful.
This post was edited on 7/20/19 at 5:48 pm
Posted on 7/20/19 at 5:47 pm to lsu xman
quote:
About 30.7% of new car loans extend in the range of 73 months to 84 months, according to Experian.
About 40.7% of new car loans are in the 61-month to 72-month range. Only 20% of new car loans are in the 49-month to 60-month range
Holy shite!
Most I ever go is 60 months and I inevitably pay it off a year early.
Posted on 7/20/19 at 5:49 pm to Sayre
quote:
Message
Would a $500+ car note break the bank for you? by Sayre
Mine is $784 but that's about a third of one weekly paycheck. No sweat. It's an expensive car and I'm not going to stretch payments out. I'd rather get it over with, and I can afford it. I've been paying a hundred or so extra a month and I'm ahead of the payoff date a little now.
I'd have paid more cash down on it but I had to have something relatively quickly at the time.
When I sell it in a couple years and get a new Vette, I'm going to put a bigger down payment.
C’mon, who puts a down payment on a vehicle, and even if you did... your payment is 1/3 of a weekly paycheck, yet you couldn’t put anything down because you needed the car quick? Dafuq?
Posted on 7/20/19 at 5:50 pm to Sayre
quote:
Mine is $784 but that's about a third of one weekly paycheck.
Jesus Christ
Posted on 7/20/19 at 5:52 pm to lsuconnman
quote:
C’mon, who puts a down payment on a vehicle, and even if you did... your payment is 1/3 of a weekly paycheck, yet you couldn’t put anything down because you needed the car quick? Dafuq?
Dude is either full of shite or a complete retard. Not sure which is better.
Posted on 7/20/19 at 5:52 pm to Sayre
quote:
Not in Prarieville you don't.
Downtown Prairieville.
I don't live in no Pville suburb like Duckroost or Hobart.
This post was edited on 7/20/19 at 5:53 pm
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