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re: Is this for Real? $3000/mth GMC Denali

Posted on 2/10/24 at 9:14 am to
Posted by NineLineBind
LA....no, the other one
Member since May 2020
6939 posts
Posted on 2/10/24 at 9:14 am to
At least it’s a 3/4 ton.

Posted by Squirrelmeister
Member since Nov 2021
1824 posts
Posted on 2/10/24 at 9:14 am to
quote:

Is this for Real? $3000/mth GMC Denali

The meme is fake but the numbers sound somewhat realistic. I know people paying $1500/month for f150 lariat fx4 for 72 months. For a truck that costs almost twice as much and for someone with poor credit, $3000/month doesn’t seem far off.
Posted by KemoSabe65
70605
Member since Mar 2018
5192 posts
Posted on 2/10/24 at 9:50 am to
Worked with a guy in early 2000 that was underwater with a f150, $800/mo for 72mo. He was a baller.
Posted by The Cool No 9
70816
Member since Jan 2014
9974 posts
Posted on 2/10/24 at 9:50 am to
24 year old millionaire told Dave Ramsey recently his monthly car payments are slightly higher..

3200.. For a rolls royce ghost

This post was edited on 2/10/24 at 9:53 am
Posted by CleverUserName
Member since Oct 2016
12674 posts
Posted on 2/10/24 at 10:08 am to
No way that’s real.

A 100,000 dollar loan, 8 years, would take a 32 to 33 percent interest rate to yield 3000 per month.

Can a dealer even offer that?
Posted by LEASTBAY
Member since Aug 2007
14316 posts
Posted on 2/10/24 at 10:10 am to
Guy I work with was looking at used Durangos for $89k. I was trying to ignore him but thought he said something about financing.
Posted by Jose Smith
Member since Feb 2024
160 posts
Posted on 2/10/24 at 10:15 am to
quote:

You sound so jelly.

I am so jealous of some idiot paying a total of $288,000 for a GMC pickup truck. I just can't stand it.
Posted by keakar
Member since Jan 2017
30100 posts
Posted on 2/10/24 at 12:06 pm to
quote:

$3000/mth GMC Denali


and you can buy it in 3 years for $15k with only 100k miles or less on it.

anyone buying anything new today is beyond stupid
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
27669 posts
Posted on 2/10/24 at 12:12 pm to
I couldn't imagine it. I haven't had a car note in about 5 years, but $300/m is my limit on principle. If I can't get the note down to that either its too much car or I need to save more for the down-payment.
Posted by riccoar
Arkansas
Member since Mar 2006
2998 posts
Posted on 2/10/24 at 12:19 pm to
None of those are real. You can’t finance past 84 months. And unless they have credit over 750, no bank is guaranteeing that loan without proof of income to back it up.
Posted by Azkiger
Member since Nov 2016
21737 posts
Posted on 2/10/24 at 1:50 pm to
quote:

Can a dealer even offer that?


Max for lenders is 29.9%, I believe.
Posted by Azkiger
Member since Nov 2016
21737 posts
Posted on 2/10/24 at 1:51 pm to
quote:

no bank is guaranteeing that loan without proof of income to back it up.


They guaranteed home loans for people with no income, job, or assets. No telling what sort of special programs are out there for our most special citizens.
This post was edited on 2/10/24 at 1:52 pm
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