Average Monthly Auto Loan Now $503 @ 68 months

[Bert.]

People roll back miles EASILY

I'll never buy a used car especially Chrysler

Won't get into it any further but only facts here

 

[$tacy]

Roll back them miles b [emoji]128526[/emoji]

 

[SneakerProSr.]

People roll back miles EASILY

I'll never buy a used car especially Chrysler

Won't get into it any further but only facts here

I wouldn't buy anything used with a nag-5 unless it was still under warranty

 

[capital sb]

Interest rate gonna be lower than that on new, that's the draw.

Not if you have terrible credit

 

[willie mcfly22]

And that's why most need that 72-84 month loan. Make good money but they in debt, credit is bad. So they stretch out the loan at 5-8%. Getting taxed but that payment manageable SMH...

 

[handullz]

What if people are copping these 84 months leases to suppress their monthly payment knowing they're going to trade it in in three years?

 

[ggarvinxx3]

What if people are copping these 84 months leases to suppress their monthly payment knowing they're going to trade it in in three years?

Can that even be done??

 

[$tacy]

84 mth lease? that's a thing?

 

[handullz]

My b

84 month note and treating it like a lease

 

[maliz]

What if people are copping these 84 months leases to suppress their monthly payment knowing they're going to trade it in in three years?

They likely will be upside on your loan. Makes very little sense imo.

Hustling backwards.

 

[Mark Antony]

Interest rate gonna be lower than that on new, that's the draw.

Not if you have terrible credit

Not necessarily true.

 

[wayniac211]

Why I fucts with public transpo. Do miss having a whip to hot box

 

[dipsetgeneral]

And that's why you never buy a new car unless it's a limited edition exotic

Thread/.

Financing is a terrible idea, point blank period.

 

[Kaleo15]

It's not that bad..... my note is $1,307/month and I financed for 108 months. It was a steal!

 

[af1 1982]

The $ amount isn't what's important. It's the amount relative to your income.

The way I see it, you can afford a car if you're still living comfortably (rent/mortgage, living expenses, etc), investing, and saving for retirement.

 

[dtb00201]

Thread/.

Thread/.

Financing is a terrible idea, point blank period.

Financing is a terrible idea, point blank period.

Yea, because buying a decade old Audi with 100k miles was such a great idea.

 

[af1 1982]

Slightly used CPO cars with low miles are preferable. But at a certain point you're better off going with a new one for a few grand more.

I bought my GTI new last summer when VW was having great incentives. Nearly 8k off MSRP. I shopped around for used cars and the prices were comparable.

I'll never understand cats getting used cars out of warranty. Just asking for trouble.

 

[ninjahood]

Thread/.

Thread/.

Financing is a terrible idea, point blank period.

Financing is a terrible idea, point blank period.

Yea, because buying a decade old Audi with 100k miles was such a great idea.

who did that? :x

 

[jape]

84 months is crazy... if you need a loan that long you need to get a different whip.  

america's fascination with luxury cars is crazy.

when i was living in europe it was such a stark contrast

 

[oidreez]

Thread/.

Thread/.

Financing is a terrible idea, point blank period.

Financing is a terrible idea, point blank period.

Yea, because buying a decade old Audi with 100k miles was such a great idea.

who did that? :x

DipsetGeneral

 

[capital sb]

84 months is crazy... if you need a loan that long you need to get a different whip.  
america's fascination with luxury cars is crazy.

when i was living in europe it was such a stark contrast

This is happening with regular cars too. Trust me I know a few people with fully loaded honda accords paying $550 with a stretched out loan, because they rolled the negative equity into the loan as well.

Gotta remember average american salary is around 35K, cars cost on average 33K now. Wages are raising slower than inflation too . People just live way outside of their means.

 

[datznasty]

View media item 2314596

 

[kevenmayne]

who did that? :x

Pretty sure I remember seeing the guy who bought a used BMW M3 with 100k miles or whatever (which had the engine blew up) buy it after selling the M3...

 

[stork]

Yea, because buying a decade old Audi with 100k miles was such a great idea.

January 15th. Have had my used 2008 Audi A4 for two months and still no problems or complaints.... I'm pretty happy

let that man live tho....for now :x

 

[$tacy]

It's not that bad..... my note is $1,307/month and I financed for 108 months. It was a steal!

Yea bro, I think u might've got robbed. My guy Wesley at no credit auto worked it out for me so my note is mad affordable. 2008 dodge avenger, 99k 203 a month for 144 mths, I couldn't beat that deal honestly.