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re: Would a $500+ car note break the bank for you?
Posted on 7/20/19 at 7:22 pm to fightin tigers
Posted on 7/20/19 at 7:22 pm to fightin tigers
quote:Dude, what are you talking about?
People with 0% just paid their interest up front.
If you settle on the price of the car before discussing how you'll be paying, how are you paying interest "upfront"?
Yeah haven't personally seen banks do it (lowest from a bank I've received was 2.54% back in 2016), but the incentive for the car manufacturers to offer 0% financing is obvious. And it's not because you're "paying it upfront."
2
Posted on 7/20/19 at 7:26 pm to The Torch
quote:
Haven't seen nor spoken to the dumb bitch since March and I saved $900.00 aa month
How about the divorce? How much in alimony/spousal support?
Posted on 7/20/19 at 7:27 pm to castorinho
quote:
Yeah haven't personally seen banks do it (lowest from a bank I've received was 2.54% back in 2016),
Holy shite dude. Bought a used car financed at 1.54% at that same point.
Yes, their profit is built into the car, that is why they are willing to offer 'free' money.
There is no such thing as free money.
Posted on 7/20/19 at 7:27 pm to Sayre
quote:
I've got 20 acres and a house that's paid for. Zero debt besides the car note. I'm putting 3 to 1 into my pension every hour I work. And I stack cash hand over fist.
Hell, I only worked 6 months on 2017 and still added 4 years to my pension.
I'll retire just fine.
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Posted on 7/20/19 at 7:28 pm to fightin tigers
quote:
Holy shite dude. Bought a used car financed at 1.54% at that same point.
Yes, their profit is built into the car, that is why they are willing to offer 'free' money.
There is no such thing as free money.
You have no idea what you are talking about.
Posted on 7/20/19 at 7:29 pm to lsu xman
My current note on my Silverado is 300 a month but I put a decent down payment on it, alot of the guys I work with at the plant have serious truck notes though that would make me sick.
Posted on 7/20/19 at 7:31 pm to fightin tigers
quote:I mean yeah both the dealership and manufacturers are making money, but ~0% interest is very much a real thing
Yes, their profit is built into the car, that is why they are willing to offer 'free' money.
Posted on 7/20/19 at 7:31 pm to Sayre
quote:
made $125k in 6 months, 102 alone between April and September. I'm single, don't have a lot of bills, and know how to be frugal and stretch pennies.
It's what I do. Work a whole lot like now, 6 or 7 10s or 12s for long stretch and then take a long stretch off. I'm going to take the last three months off this year and maybe January too. I'm going to say 'Lay me off, please', and not look back.
Hell, I got right at 24 grand back in taxes combined from the states and the Fed in 2018 If someone in my situation can't take time off and still live decently, that'd be pretty screwed.
I can bank up to a year on my health insurance, and living in East Feliciana Parish, my property taxes are cheap with homestead exemption.
Theres always one......
Posted on 7/20/19 at 7:31 pm to fightin tigers
quote:No, it's not. It's called customer acquisition cost.
Yes, their profit is built into the car, that is why they are willing to offer 'free' money.
Posted on 7/20/19 at 7:34 pm to lsu xman
quote:Why would ANYONE do this?
$550 x 84 months = $46K.
In Scruffy’s opinion, it doesn’t matter how wealthy you are.
That is fricking dumb.
Posted on 7/20/19 at 7:40 pm to Scruffy
quote:
Why would ANYONE do this?
Because if only 1% interest is part of thay cost it's worth it
Posted on 7/20/19 at 7:41 pm to lsu xman
I drive a hyundai sonata because frick what any of you think. 48 months.
Posted on 7/20/19 at 7:41 pm to Sayre
quote:
Hell, I got right at 24 grand back in taxes combined from the states and the Fed in 2018
You're doing it very wrong if you are letting the government hold that much of your money for free.
I usually get like $100 back between state and fed. By design.
This post was edited on 7/20/19 at 7:44 pm
Posted on 7/20/19 at 7:45 pm to Scruffy
quote:
In Scruffy’s opinion, it doesn’t matter how wealthy you are.
That is fricking dumb
Scruffy must have failed math class in college.
Your opinion is wrong. The numbers speak for themselves.
Posted on 7/20/19 at 7:49 pm to lsu xman
I think the fact that I wouldn’t pay a $500 car note is precisely the reason why I could pay a $500 car note.
Posted on 7/20/19 at 7:54 pm to Loungefly85
Follow the BMW and Mercedes forum. A high number of them carry $8-900/month leases. Sure some are business expenses, but thats still crazy.
Posted on 7/20/19 at 7:58 pm to iAmBatman
quote:Paying a $500 car note for 7 years is stupid.
Scruffy must have failed math class in college.
Your opinion is wrong. The numbers speak for themselves.
Posted on 7/20/19 at 8:05 pm to Scruffy
quote:
Paying a $500 car note for 7 years is stupid.
That's only 42k, that's how much cars cost, and of its low interest I could make almost that much in the market in that amount of time with the extra cash flow.
Posted on 7/20/19 at 8:06 pm to Mingo Was His NameO
Neat
Posted on 7/20/19 at 8:06 pm to lsu xman
I would never have a $500 monthly car payment.
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