I had to talk a dock hand out of buying a 63k F150 that he was ready to finance for $900/mo over 9 years. He was making $28k a year. This same person bragged about buying an Explore for 9k. When I asked what his payments were he told me $350/mo. I said what over 3 years? He replied "no, 6 years!"
He had no interest in what the final cost was, only that he could afford the monthly payments.
This exactly. Dumb shits today don't even know what something costs, just what they owe each month. No wonder new car prices are so ridiculous.
i love asking folks what their tax rate is . deer in the headlights. when i ran my business my tax accounts favorite thing was telling me just how much of a dollar i paid in taxes . real prick but good at taxes. he always said your reward for success is less money .
$800/month isn't cheap, but it's not outlandish or uncommon either, especially being that we live in the days of the $60k pickup truck.
Paying that much and not having gas money is a different story though.
With 0% interest, that's $57,600 for 72 months.
Sad, but actually pretty common these days. And yes, if I were buying a vehicle at 0%, I wouldn't put anything down.
With 0% interest, that's $57,600 for 72 months.
Sad, but actually pretty common these days. And yes, if I were buying a vehicle at 0%, I wouldn't put anything down.
A 36 month 0% on a loaded GT Premium through Ford is well over $800 a month, not everyone with a big payment is pissing money away on interest. Mine got tossed out the window driving off the lot as depreciation. [emoji50] Don't ever plan on selling this one though.
As for the down payment, why would want to give them your interest with no gain?
The price of cars has gone to retard levels. The amount of a payment is just the natural result of that. I firmly believe that the car companies will go broke again once interest rates come up.
Originally posted by racrguy
What's your beef with NPR, because their listeners are typically more informed than others?
Originally posted by racrguy
Voting is a constitutional right, overthrowing the government isn't.
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