Noonius
155120
1654
45
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Dec 30, 2022 2:37 PM
Noonius
155120
1654
45
.
knubberrub
This is why we need Home Ec in our schools.
RickTheMarshallSelke
No. Fuck credit. Lousy system anyways and I support defiance towards it. Mainly by refusing to pay my medical bills.
IAmNotNSAsodonotbeparanoid
The E-4 and below financial decision
torokunai
Paying $215/mo over 72 months (net incentives) for my 2018 Leaf, also saving ~$100/mo on not having to buy gas : )
torokunai
(I got it new in 2018)
IdiotSavantTinker
What would that car have cost brand new? Aren't they like 30k?
repsac
Base model, yeah. Prices jump exponentially for each trim.
bigmuffin1
His credit score matches the loan term
LespritDeLescalier22
MrKNRJ
and his IQ
shaunofthecred
Fuckin’ beat me to it.
photog
Def a Wells Fargo loan
Quizz25S
Maybe just get a car you can afford
UsernameMayBeSubjectToChange
Pretty sure a '95 Civic will outlive it
StarkeRealm
Pretty sure a '95 Civic already has outlived it.
Katlover12
Tell me they are joking. That is a terrible deal
capnlouie
I work in the software side of this industry. This is not only real, but common.
ontarioOT
If serious, he probably rolled what he owed on his previous car into the loan for this one. It's one of the shittier things used dealers do.
MisterLemons
Let's hear all 6 cylinders purr
Niagaran
That's /maybe/ a $10K there. Who falls for this shit?
logicalpenguin
Credit scores are a scam. You can have perfect payments but if you don't have DEBT then good luck. To get good credit you must take out
logicalpenguin
Loans with bad credit interest rates.
thereitis101
Predatory loans are real too. I have seen insane rates and legal over $2,500 in CA.
thevortexmaster
PrincessLeliana
That doesnt seem like a 66,000 car to me
KingKelloggTheWaffleHaggler
Brand new 2023 is like 25k
DonutOlympian
Well good news, it's not! It's only $18,000, but the interest is what gets ya with them bi-weekly payments
Jandegrote
Google tells me the 2023 Dodge Challenger starts at 32,140.
LitigiousWhelk
What about a 2010 with 200k miles on the meter, like in the picture?
ThatBobbyG
My neighbor who works two jobs and has a crappy house just bought a Z71 Tahoe and his wife drives a Lexus GS. I don’t get it.
RaxianTheta
I grew up in a trailer park, neighbor had 2 high end cars and jet ski. windows on trailer broken and door falling off.
OgreMkV
I've seen that lots. Really crappy section of town, tarps still on roofs, brand new Caddy SUV in the driveway.
paulus1978
You can't flex your house rolling up to work. If you're seen driving something flash but nobody knows where you live, you can fake it to all
Mohaynow
They got different priorities. I don't get it either.
ThatBobbyG
I was talking to him the other day and he said he might get a beater car so he doesn’t use the Tahoe too much…
Idonotbelievewehavecompany
Surprised a Challenger lasted 200k I know this is a joke but still
PooPculture
For anything FCA made good luck getting past 120K miles tops. Truly shit automobiles.
xj4low
Typically the wheels fall off. Like literally. Flimsy cast wheel spindles with oversized wheels. 1 bump into curb and they fold.
Bystandr
They really dropped the ball on quality, hey? Too bad. GIven theyve already had a long history of knowing what is needed to make it more
Bystandr
durable, too. Im sure the old parts dont fit and arent compatable but it would be funny to see someone gut one of these and put in a 383,
Bystandr
and beefed up transmission, back end, rims, and steering package. I guess it would add 550 lb / 200 Kg , but still might actualy make it a
Bystandr
decent muscle car.
knubberrub
Also probably the 6 cylinder.
MyCommentsUsuallyHaveTypos
$794?! I pay less for my Subaru.
kaijuuGold
burnouts and donuts
thatguyfromny
Bet he wrecks it in the first 2 months.
littlecoatfatguy
It's a Challenger with 200k on it, he won't even have to.
thechelonianshelmet
https://tiremeetsroad.com/2022/04/21/montgomery-2nd-chance-auto-sales-customers-viral-84-month-auto-loan-posts-arent-real/
OtisTheTownDrunk
My '93 Toyota pickup is 0 dollars a month and maintenance is basically just oil changes.
OgreMkV
Bloody Hell, I pay less than that for a brand new Volvo that could beat that in a drag race.
Maahes0
Neither party actually expects this car to ever be paid off. Car will be repoed in a couple months and then the process begins again.
FragandPony
I'm not sure who stole and burned my car. But at least it's insured.
jamesCosmosBaron
Multiple repo. Multiple gain….
Devilishkitty
The dealer expects to get paid. Repoed: Car gets re-evaluated, the new lower price est. deducted from ur debt, u still need to pay the rest.
Grinch01
My car gaind about 4k in price in the last 2 years, i made a good deal but the same car 2 years newer would cost me 7k more then 2020
VoodooChili
Lot of speculation that the used car market currently is the real estate bubble that happened in 2007. Fog a mirror, get a car!
AmZero85
I know that the bigger financial institutions were writing car loans left and right for the past decade at the benefit of the dealerships.
AmZero85
Where I work we are constantly criticized by the finance guys at dealerships because we don't pay them enough on the backend.
AmZero85
Those backend costs are passed to the consumers. It does us no good to penalize our members by putting them on the hook for reserve.
IdiotSavantTinker
A dealer locally advertises that you just have to bring home something like $350 a week and YOU'RE APPROVED! And I just wonder what the >
IdiotSavantTinker
WellAckchually
There's a place like that near me. They also advertise payments "as low as $75". They're weekly payments.
IdiotSavantTinker
"As low as" lol. As low as 300 a month.
pixelsnader
Fog a mirror, get a car?
rhubarbarian
If you can breathe, you can qualify for the loan.
pixelsnader
Ah, thanks.
Filanwizard
ahh speculation that investing thing where there is a ton of risk for the country and none for the biggest investors who will get bailed out
VoodooChili
Possibly.. Carvana is supposedly filing bankruptcy, and they are selling their dealerships to get cash up.
Filanwizard
arnt they the ones who were fucking up car titles constantly making it impossible for people to actually register their cars legally?
VoodooChili
yup, that's the one.. They have the car vending machines..
gtotherizzle
Lol! Credit scores are like winning "Who's line is it anyway" the scores are all made up and the points are not real
littleswimming
I worked hard to build good credit, now I own a house with a very low rate. I thought it was my plan, found out it was my privilege.
gunjee11
...wtf
BugPumpkinTerror
Interesting take. Sure seems real when applying for an apartment, loan, etc..You must have the money to buy everything with cash or are 12yo
gtotherizzle
Nope 42....broke as a joke. Like credit scores
BugPumpkinTerror
I'm sorry that life is more difficult and expensive for you because you don't like credit scores. Lucky for you,a perspective change is free
gtotherizzle
It needs to end. The only reason it exists is to keep the poor poorer
BugPumpkinTerror
There are much bigger things than credit that are making the poor poorer. You're not helping yourself by malding on imgur. Fix your credit.
MRWNoDecentUsernameIsAvailable
The points, unfortunately, are very real
gtotherizzle
But they're not...they were invented 40 years ago. So maybe we just get rid of them
ScourgeOfAges
That'd be nice, but that's unfortunately not really possible for most of us
bippityboppitybuttsex
They were invented in 1874... https://www.npr.org/sections/money/2017/10/06/556212654/episode-798-bad-credit-bureau
gtotherizzle
Yeah...40 years ago
gtotherizzle
The 90's were just last week
VoodooChili
It's not real.. Funny, but not real... If it were real, that would be like $34,805.90 if the interest rate was 21%.
PrincessDaystar
It very well could be real. The military has training because places with absurd rates exist xD
VoodooChili
I googled it and they said it was a spoof.. Then again, on the internet i am a french model.
nicelyvillainous
Yeah, subprime car loans are more like 15%. BUT, could be the lender required insurance, or a service contract, or a trade in that still had
nicelyvillainous
Money owed on it. The. REAL bad situations you hear about are buy caused car, 3 years in owes $5k and it needs $1k repairs that he doesn’t
nicelyvillainous
Cash for, trades it in for $2k credit, finances another used car for $15k +$3k from old loan. Repeat 3 or 4 times and this pic isn’t crazy
vangundy15
I don't think a bank would lend credit when the msrp is well below the selling price.
Calicious
You know the banks arent the ones financing these deals, right? The seller does. They repo the car, sell the debt, and sell the car again
Calicious
If they make payments the seller gets a ton of interest. If not repo & resell the car & sell the debt to collections. Either way it's a win.
vangundy15
I did not think of that. What an interesting business model.
Calicious
If by interesting you mean predatory, scummy, and should be illegal, yeah.
JAFIOI
Tell me you're an Army Private without telling me you're an Army Private.
JoeT85
this is widely true, but every military command warns against running out and buying a card
Jayhatesspidersandshit
His wife is 6 months pregnant even though he just got back from 2 years over seas
DrDred
You just gave me PTSD about my bills from 30 years ago.
NatiLite
Knew an airman that had to go on a second deployment on 6 months just so they could pay off a loan at 25% interest.
leroy666
You knock up a 17 year old yet?
armedandfriendly
Could be a pizza delivery boy just off post. Those kids are rolling in it.
somnif
I've seen little shady lots advertising 30% APR near base out here....
Sarah1987
Okay so I worked in auto finance for a major military bank. I spent a lot of time telling E-3s NOT to buy that sports car from the
Sarah1987
Dealership right off post. They thought they could afford a $35,000 Mustang at 18% interest. Hopefully some of them listened.
Gnoll
Judging by the number of mustangs, challengers, and chargers on base... no =(
HobbiesAndOtherItems
Haha. My econ professor was a former army officer. He had to teach all his soldiers the basics of loans and interest 'cuz they get scammed.
FlamedLion
We had to take a bi yearly financial course when I was in. Was pretty damn good
Gnoll
I had to stop a guy from taking a 19% interest loan. This guy scored over 75 on the asvab. Some people are just financially illiterate.
Corrodias
"Why do we have to learn algebra? We're never going to use it."
Gnoll
Haha all those memes saying "stop teaching algebra in high school, teach personal finance instead!" Drive me NUTS.
TheSecondPiewackit
Story time: Was in AIT and we had a muscle dummy somehow make into SIGINT school. Gets his first paycheck before a weekend. Comes back...1
turdferguson74
Goodfellow?
TheSecondPiewackit
Corry Station.
TheSecondPiewackit
... monday, flat broke, whining about having to pay for new supplies. "I paid like... $150 in bills!". That's less than my family's...2
TheSecondPiewackit
... phone bill, and come to find out, dipshit bout a $200 pair of sunglasses, and $300 Italian shoes. This guy also kept going on about...3
TheSecondPiewackit
... being not just an Alpha, but an "Alpha Alpha". So, since I outranked him, I made him vacuum the classroom. 4
UsernameMayBeSubjectToChange
I'd rather drive an old beater than borrow to buy a car. You could be paying for a stolen or totaled car for years
[deleted]
[deleted]
UsernameMayBeSubjectToChange
You can, but if you can't afford the car you probably can't afford anything better than Third party either. And payout is never good, >
UsernameMayBeSubjectToChange
> you will always take a significant loss
thisisnotaseasyasitlooks
Every new car I've bought has had GAP insurance. Covers the difference in the event of a total loss.
UsernameMayBeSubjectToChange
You will pay through the nose for that here in NL.
Snooj
But do you want to pay new car price for a car with 200K on it?
FartPoweredPogoStick
Gap insurance.
Spartan04
If you have a good credit score and manage the debt properly financing a car isn’t always a bad deal. Plus GAP insurance is a thing.
Snooj
I only buy new cars because I don't need old car problems. The dealerships I've gone to give 0% financing.
dodgese
What about all those floods we just had totalling all those cars, or are they totally rebated at these crazy prices. I'll buy that for a $1
arek314
How much is total coverage in US? I pay like 3% of car value and if it's stolen I get reimbursed to full value at date of insurance
thevortexmaster
I bought a new truck when I could finally afford one. I can write it off through work so I get big tax returns. Paid it off in 5 years.
thevortexmaster
I probably won't do it ever again though. Is nice to have a good work and hobby truck for myself.
skipweasel
It's been a bit harder lately as the short supply of new cars has driven up even the old banger end of the market, but yes, old cars...
skipweasel
...are great. The wife's Renault is 20 years old, cost £250 three years ago and has cost about £100/ year in spares.
seldombeaton
in spares?
skipweasel
Brake disc, exhaust clamp, an ignition coil, a washer pump, alternator control pack - all small stuff.
srsfaceI8C
Finding someone in the US who knows how to work on French cars makes their even their shitboxes unaffordable here, ironically. I'm jelly
skipweasel
They're no different from anything else - you don't need specialist brains or anything.
hohohoooo
You mean....
skipweasel
Not ideal for the British climate. https://en.wikipedia.org/wiki/Renault_Sc%C3%A9nic
NationalistCanadianMooseWarrior
I mean they were literally designed for the British climate, that's 99.9% war jeep
hohohoooo
Could bei worse....
brianingram
Paid $7611 for my 2013 Nissan LEAF in 2019. That sum'bitch is a fantastic car for my needs. No need to spin to spin up a V6 to get milk.
UsernameMayBeSubjectToChange
Currently I can't afford even an old shitbox, I take my bike out in the rain or use public transport. But I've been know to drive a >
UsernameMayBeSubjectToChange
> EUR 75 car for three years.
Orgazzmatron3000
Kind of funny to notice this cultural difference. In my country almost no one gets in his car for anything less then a 10 minute walk
KRicci
I can walk to the grocery store, but I don't since creepy dudes always honk at women by themselves
astrangehop
I could walk to the store, but then how would I honk at women walking alone?/s
brianingram
I sometimes walk home from work (<3 miles from my home) ... concerned coworkers are pulling over offering me a ride. "No. No. I chose this."
Orgazzmatron3000
A Dutch journalist wrote a book about his time in the US called ‘Americans don’t walk’ I think it would be a really nice ‘outside view’
Angrymechanic
A lot of American cities and towns make it impossible to walk anywhere. I live in a small town and we have nearly no sidewalks or crosswalks
Orgazzmatron3000
Well that was exactly his observation. The entire infrastructure is built around the car.
Unclescam
Half hour walk one way to the closest dumpy convenient store...Hour to a grocery store.
arumunus
Yeah "down the street" in my area is like, a 20m walk. It's a gas station. Another ~30m walk from there to hit any area with actual stores.
UsernameMayBeSubjectToChange
I know, I've tried a few times on my visits. It's sick
nicelyvillainous
See, the thing is, that’s actually still kinda true. It’s often the case that the closest grocery store is 2-3 miles away at least. We have
nicelyvillainous
Corner bodegas and gas station convenience stores closer usually, but those are more expensive and often closer to expiration.
nicelyvillainous
Also, I recommend looking at our problem with stroads, 40mph roads with strip malls, sometimes without sidewalks or crosswalks at all.