Car loans

[MexicoCityM3]

$37,000 for 63 mo 12.9% apr

Oh man you're gonna get crucified...

[Laconian]

TRIGGERED

[AutobahnSHO]

$37,000 for 63 mo 12.9% apr

Dude, I got 7% for used car loans, which is a really crappy interest rate. 12.9% is like credit-card crappy.

You'd be paying an extra $14k in interest alone. Highly recommend= NO, NEGATIVE, DEFINITELY NOT

[CaminoRacer]

DO IT

[12,000 RPM]

Lol dude said jump and you guys scaled a fucking mountain

[68_427]

I want power windows and locks.  Current truck has neither I can't reach the passenger door.

[AutobahnSHO]

I want power windows and locks.  Current truck has neither I can't reach the passenger door.

tie cable to the door lock, get one of those electric blenders and connect it to the window

[AutobahnSHO]

BTW no lie there is a purple/green minivan taxi rolling around Ft Drum with a hole in the tailgate and a loop of cable sticking out.

Not sticking out inside the van, but outside the van. Would be fun to open his tailgate when he's not paying attention

[dazzleman]

$37,000 for 63 mo 12.9% apr

I think you're trying to push our buttons....

If you're going to borrow on those terms, it should be for a sportscar.

[CaminoRacer]

I think you're trying to push our buttons....

If you're going to borrow on those terms, it should be for a sportscar.

Either a V6 Corvette or a CR-V!

[Gotta-Qik-C7]

Either a V6 Corvette or a CR-V!

 

[68_427]

I think you're trying to push our buttons....

If you're going to borrow on those terms, it should be for a sportscar.

Yeah $5k loan max 😂

[Xer0]

I know we're all having fun, but I actually knew a guy that had a car loan structured similarly.  20K @ 14.9% or thereabouts.  I had just bought my first car at 2.9% at that point and almost fainted when I heard what this poor guy was paying.

[AutobahnSHO]

Ouch!

And I thought a 7% personal loan for a $2000 car was bad....

[12,000 RPM]

Fuck, RIP his retirement.

[Lebowski]

Some real pearls of wisdom in the comments to the original article.

[2o6]

Some real pearls of wisdom in the comments to the original article.

yadda yadda ok scrooge mcduck

[dazzleman]

yadda yadda ok scrooge mcduck

Don't be a fool.  He's pretty much right, though there are degrees of how far you take any philosophy.  When you're 50, sick of working, and are still wallowing in debt with minimal savings, you will wish you had listened a little more. 

[AutobahnSHO]

I offered my 18yr old working son with no driver license a proposition:

if in the next 12months he can save $3000- we will pay for a third of a used car, we will pay up to $1000.

I figure that will help him stop blowing it all on pizza, worthless clothes, and videogames. And get his license, and get a car. Should have enough to register and insure it, plus a little for immediate repairs, too.

I've seen some decent enough cars for sale, my eye was on a $3000 Pontiac Vibe AWD, had 120k miles so plenty of life left. Etc...