NT why did you get a car note in General Forum

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NT why did you get a car note

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TJ Detweiler		#21	[url]	[-]
Registered Member Posts: 2622 12/29/11 4:58 PM	RunningFishy wrote: No fking car will be worth what you've paid for it. THIS IS A FACT! not true. All the cars my family bought we sold for a little more or what we paid for them. We bought them all at a dealer auction. PSN: O_Diddy10
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NycPosite		#22	[url]	[-]
Registered Member Posts: 1625 12/29/11 5:13 PM	First car- young, dumb and wanted to have a brand new car in high school 2nd- job paying 60k more then the last so wanted something new. 3rd (current)- traded in and just payed the difference in cash. My next car I'm going to just sell what I own and pay the difference again. Probably the last truck I buy for a while. Your best bet is to just cop something that's in your range so you don't have to worry about payments. If opt for the payment route just make sure you will be able to pay it no matter what. If you can do that then you shouldn't have a prob. I Need SoleCollector Foamposite Sz 13 Will Pay Extra PLEASE PM ME Last Edited By: NycPosite 12/29/11 5:17 PM. Edited 1 time.
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2SeatPort		#23	[url]	[-]
Registered User Posts: 238 12/29/11 5:20 PM	Words of wisdom to y'all No matter what you say you'll do in the future... LIKE YOUR PHONE, WHEN IT COMES DOWN TO IT YOU WILL ALWAYS FEEL THAT YOUR NEXT CAR HAS TO BE AN UPGRADE! so think about that before you take a 2 year lease on that 3 series... Fear me because of the extra work my teammates don't know I have done Fear us because of the extra work I don't know my teammates have done.
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DCAllAmerican		#24	[url]	[-]
Registered Member Posts: 20825 12/29/11 5:51 PM	Most friends I have that bought new cars regret it tremendously. I don't think I could ever move myself to do that. My Media Uploads: http://www.dailymotion.com/user/LJE3/1
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ThunderChunk69		#25	[url]	[-]
Registered Member Posts: 24538 12/29/11 5:53 PM	Dirtylicious wrote: never will buy a brand new car ~~again~~ until I have at least 1M in readily liquid assets YOUTUBE / VINTAGEFITS / EBAY (NEW AUCTIONS!)
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Jaehow		#26	[url]	[-]
Registered Member Posts: 2061 12/29/11 5:58 PM	I got a note to boost my credit score, and do a few things to the vehicle without totally breaking the bank. I don't regret the note. But if you're only going to spend $3000, just save up and cash out. www.soundcloud.com/joeymarxRAIDER NATION www.youtube.com/jaehow23LAKERS
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cguy610		#27	[url]	[-]
Registered Member Posts: 2832 12/29/11 6:26 PM	Low interest rate 3% and l like having money in the bank. Already have my house so if I were to lose my job, I'd just stop making payments on the car. I'd rather keep that money in the bank for a rainy day than have the money invested in a car.
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eaalto		#28	[url]	[-]
Registered Member Posts: 2435 12/29/11 6:42 PM	4 years ago I got a car loan at 3.99% interest. I paid that off this year, and got another car loan at 1.9% interest. Once that car is paid off, I expect both cars to last me long enough that I don't need to think about buying a new car for a long time. I didn't have a car note at the time, but I was starting to get concerned about my Ford, and didn't want to bother with what I felt was a piece of %+!%. Now I have two Toyotas, and no worries. slave screams he spends his life learning conformity slave screams he claims he has his own identity slave screams he's going to cause the system to fall slave screams but he's glad to be chained to that wall
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GetYaShinebox		#29	[url]	[-]
Registered Member Posts: 692 12/29/11 7:25 PM	Financing a car is good if: -You have a good and steady income -You can get a low-rate loan (<3%) -You can afford the payments (i.e. monthly payment < 20-25% net monthly salary) (-You know how to invest your money) If you have $30k+ in the bank and a solid income, there are WAY better things to do with that kind of money than to dump it all in a high-depreciating car. Paying a thousand or two in interest over 5 years is nothing if you're smartly investing your money (not leaving your money in a .05% savings acct) I'm talking about buying a new/newer car, not older cars for a few thousand What gun? he's got a @#$%!& hero sandwich here
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BrotherForReal		#30	[url]	[-]
Registered Member Posts: 252 12/29/11 7:50 PM	Certified Pre-owned. Financed. /Thread
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crcballer55		#31	[url]	[-]
Registered Member Posts: 14457 12/29/11 8:03 PM	jthagreat wrote: Mangudai954 wrote: Is a car note you can easily pay off a good way to build credit? good question. +waits on CRC+ i know its best to buy out right and all(for the most part) but if i put a LOT down, say 70% of the price, and have VERY manageable monthly payments for a 12 months, would that be good? Yes, it's an excellent way to build credit. If that's your mindset go for it. More power to you paying the finance company several thousand extra for them to give you a couple extra numbers on your credit score. A millionaire once told me, "Broke people are concerned with how much down and how much per month. Wealthy people are concerned with the total cost of the item." You can probably afford to finance the car, but with cash you have more leverage in negotiating a better deal. Plus, you're not going to pay a premium on an "asset" that's going to depreciate by 60% in the first 5 years of ownership. Save up, pay $3000 on a solid used car, bank the "car payment" and let the bank pay you interest until you can afford to pay for the car you really want in cash. TeamKo.netNostalgia honoring the site that founded "The Study of Phat Kicks"
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crcballer55		#32	[url]	[-]
Registered Member Posts: 14458 12/29/11 8:19 PM	GetYaShinebox wrote: Financing a car is good if: -You have a good and steady income -You can get a low-rate loan (<3%) -You can afford the payments (i.e. monthly payment < 20-25% net monthly salary) (-You know how to invest your money) If you have $30k+ in the bank and a solid income, there are WAY better things to do with that kind of money than to dump it all in a high-depreciating car. Paying a thousand or two in interest over 5 years is nothing if you're smartly investing your money (not leaving your money in a .05% savings acct) I'm talking about buying a new/newer car, not older cars for a few thousand Why not just buy a cheap car with cash, and invest the difference in the market and buy your new car with your capital gains? Wouldn't that be the same concept minus what you're paying the finance company in interest? TeamKo.netNostalgia honoring the site that founded "The Study of Phat Kicks"
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GetYaShinebox		#33	[url]	[-]
Registered Member Posts: 694 12/29/11 8:33 PM	crcballer55 wrote: GetYaShinebox wrote: Financing a car is good if: -You have a good and steady income -You can get a low-rate loan (<3%) -You can afford the payments (i.e. monthly payment < 20-25% net monthly salary) (-You know how to invest your money) If you have $30k+ in the bank and a solid income, there are WAY better things to do with that kind of money than to dump it all in a high-depreciating car. Paying a thousand or two in interest over 5 years is nothing if you're smartly investing your money (not leaving your money in a .05% savings acct) I'm talking about buying a new/newer car, not older cars for a few thousand Why not just buy a cheap car with cash, and invest the difference in the market and buy your new car with your capital gains? Wouldn't that be the same concept minus what you're paying the finance company in interest? Yup. It's no secret that buying used, low-cost, reliable cars is the best way to go about it financially (especially if you do something good with the money you didn't spend). Like I said, my points relate to a situation of buying a new/expensive car and having the money to buy it cash. Buying it now or later depends on the individual situation I guess. What gun? he's got a @#$%!& hero sandwich here
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2LipsLegit		#34	[url]	[-]
Registered Member Posts: 2556 12/29/11 8:38 PM	RunningFishy wrote: No fking car will be worth what you've paid for it. THIS IS A FACT! Debatable... My dads made money off the last three cars he's driven. No such thing as depreciation round here plehboi 2009 Mercedes-Benz SL550 Sport Package for sale - Iridium Silver/Black - Immaculate with 10,300 Miles - PM for Info
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cguy610		#35	[url]	[-]
Registered Member Posts: 2833 12/29/11 8:49 PM	crcballer55 wrote: GetYaShinebox wrote: Financing a car is good if: -You have a good and steady income -You can get a low-rate loan (<3%) -You can afford the payments (i.e. monthly payment < 20-25% net monthly salary) (-You know how to invest your money) If you have $30k+ in the bank and a solid income, there are WAY better things to do with that kind of money than to dump it all in a high-depreciating car. Paying a thousand or two in interest over 5 years is nothing if you're smartly investing your money (not leaving your money in a .05% savings acct) I'm talking about buying a new/newer car, not older cars for a few thousand Why not just buy a cheap car with cash, and invest the difference in the market and buy your new car with your capital gains? Wouldn't that be the same concept minus what you're paying the finance company in interest? Perhaps the person needs a reliable car?
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RFX45		#36	[url]	[-]
Registered Member Posts: 17828 12/29/11 8:50 PM	crcballer55 wrote: Why not just buy a cheap car with cash, and invest the difference in the market and buy your new car with your capital gains? Why does everyone think it is so easy to invest into something and make money on it? If it were so easy, everyone would be doing it. I am not singling you out CRC but I see this comments far too often like we can just hand our cash to some guy to invest and it'll come back doubled in a month or two. It' just not as easy as that, it takes effort, time and knowledge to make money off of investments. *Today will be Yesterday Tomorrow.* *http://luxesneakers.tumblr.com/*
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mjd77		#37	[url]	[-]
Registered Member Posts: 3020 12/29/11 9:00 PM	Never buy new and finance for 5 years unless you plan to keep it for 8-10 years. Otherwise I would buy a car that is 2-3 years old, let the 1st guy eat the depreciation, and don't finance that for more than 3 yrs. Milwaukee Bucks, Milwaukee Brewers, , Tennessee Titans, Green Bay Packers, Marquette Fear the ~~Beer!~~ Deer!
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crcballer55		#38	[url]	[-]
Registered Member Posts: 14459 12/29/11 9:03 PM	RFX45 wrote: crcballer55 wrote: Why not just buy a cheap car with cash, and invest the difference in the market and buy your new car with your capital gains? Why does everyone think it is so easy to invest into something and make money on it? If it were so easy, everyone would be doing it. I am not singling you out CRC but I see this comments far too often like we can just hand our cash to some guy to invest and it'll come back doubled in a month or two. It' just not as easy as that, it takes effort, time and knowledge to make money off of investments. I completely agree with you on this one. Investing takes time. If flipping were that easy everybody would do it. It takes a lot of knowledge and patience to make an investment pay off. Otherwise it's just gambling. TeamKo.netNostalgia honoring the site that founded "The Study of Phat Kicks"
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Fresh Prince of Nowhere		#39	[url]	[-]
Registered Member Posts: 935 12/29/11 9:53 PM	I'm planning of getting a car soon. Having no credit, I was thinking of just paying it off right away because I know my interest rates are going to be crazy. If it's under like 3 or 4 grand does that seem like a good idea or should I just go to a car place that finances and deal with that?
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crcballer55		#40	[url]	[-]
Registered Member Posts: 14460 12/29/11 10:56 PM	cguy610 wrote: crcballer55 wrote: GetYaShinebox wrote: Financing a car is good if: -You have a good and steady income -You can get a low-rate loan (<3%) -You can afford the payments (i.e. monthly payment < 20-25% net monthly salary) (-You know how to invest your money) If you have $30k+ in the bank and a solid income, there are WAY better things to do with that kind of money than to dump it all in a high-depreciating car. Paying a thousand or two in interest over 5 years is nothing if you're smartly investing your money (not leaving your money in a .05% savings acct) I'm talking about buying a new/newer car, not older cars for a few thousand Why not just buy a cheap car with cash, and invest the difference in the market and buy your new car with your capital gains? Wouldn't that be the same concept minus what you're paying the finance company in interest? Perhaps the person needs a reliable car? Cheap cars aren't reliable? I bought a '99 Toyota 7 years ago for $9000 and it's still running great. I still don't understand why there is a perception that the only way your car isn't going to break down is if it came straight off the factory floor in Hamburg. Most cars now days won't need major work done for at least 100,000 miles. I'm going on 160K and still haven't had anything serious that needed to be replaced. TeamKo.netNostalgia honoring the site that founded "The Study of Phat Kicks"
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NT why did you get a car note