Bad Car Loan - Anyone else trapped?

[John Wick]

sounds like a good time to buy a tesla cash.

 

[アミーゴ]

sounds like a good time to buy a tesla cash.

Except for your bumper will fall off immediately!

 

[John Wick]

Except for your bumper will fall off immediately!

have they solved those panel gaps? lol

 

[youngthundercat]

have they solved those panel gaps? lol

Yep mines is great

 

[TSCQ]

You fix your car note problems?

 

[feeninlikejodeci]

You fix your car note problems?

Been meaning to update this for a while. Night before Xmas Eve it had rained, and the temperature dropped from 40 to like 5 degrees in Ohio. My doors were frozen shut. Was locked out for 36 hours. Then when I did get on the road I swerved a couple times in the snow, very scary. Plus with all the salt on the road I had to wash the car probably like 15 times this winter.

Then in February I had a dental cleaning (1st one since COVID started). They found cavities on both sides of my mouth, so I had to use up 2 days of PTO and pay what the insurance wouldn't cover ($130). To add insult to injury, as I was driving home from one of these sessions, I get pulled over for doing 67 in a 55. I honestly thought I was keeping pace with traffic, but I guess a combo of my whole face being numb and also the sun was beaming straight upon the speedometer I wasn't really paying attention. Ever since 2019 I've had a perpetual two points on my license, soon as they fall off I get a new ticket

Now the good? Our boss gave us a 2hundred bonus on our holiday checks. And when we came back after New Years he announced he was doubling our vacation hours. And then my seasonal gigs I do on the side started early. I made an extra $200 in February. And have made $500 not even halfway thru March.

I ended up taking the ticket to court and beat it no fines, or points. It was a highway trooper who had pulled me over and I guess they travel all over the state and it wasn't logistical to bring him in for court. But again I had to use up the rest of my PTO to attend Court (initial arraignment and trial)

Been bringing in an extra $400 with the plasma donations, but it's one of those stepping forward yet stepping backwards slightly. It tires me out and I have trouble waking in the morning. Every other day I am 15 minutes late. I'm not in any danger of getting fired, but it's adding up to me losing $50 each paycheck, especially since my PTO is depleted.

I'm liking the new car more and more though, the buyers remorse finally subsided. Technically my cargo space has doubled since I can fold the back seat done and have access to the trunk. Backup camera is clutch and speeds up parking - on my screen I have these virtual white lines that I guide into the yellow lines. When I get within 5 feet of an object I get green flashes on my screen, 2 feet yellow flashes and within 1 foot I get a loud red beep and my music cuts out.

Where the RPM/temp gauges used to be on older cars is a small box you can toggle through various displays. I can set up my Maps, and it shows my upcoming turns. I figure that shaves 1-2 seconds of me glancing down at the touch screen or phone, and that could be the difference between getting stuck at a light or missing an exit. Efficiency saves money in the long run.

As far as upgrades/aftermarket mods that's the one thing I'm kind of salty that I can't afford to get them done professionally. Like For a multi-dashcam setup that automatically uploads to the cloud the system would cost $1500 out the door and also a monthly subscription fee probably. However I did improvise a rig for under $300 that is workable. For the front and rear I got 12v dashcams from WalMart. It kind of sucks, cause even with an SD card all I can record is a half day before I have to erase stuff. The rear cam doesn't actually record video though, it's like one of those Go Pros that snap a picture every 10 secs so it might take 3-4 days for the memory to fill up. For the left and right sides, I dusted off my original Galaxy and Blackberry's and record in 240p/144p vids. I figure the likelihood of getting T-Boned is probably 500% less than a rear end or front end collision....

All in all I'm doing better than anticipated, just hope for next Winter I can afford snow tires and at least if not a legit Garage, a Carport I can park under.

 

[youngthundercat]

I’m sick everyday. I bought my model y at peak price 72k that same car is going for 60k.


I’m hoping for hail or a fender bender everyday.

 

[Kierris]

OP, I did the same thing. I paid off my whip over those 72 months and it's actually the thing that got my credit score looking so lovely today. I was young and dumb but thankfully my story turned out better than most.

 

[Mark Antony]

Prices are so bad at the moment not sure getting out of it and into anything else would be better.

 

[datznasty]

I still got like 9 months left on my Kia plus the car that replaced it. Thought about just paying it off entirely but the payment is like 1.5% interest and not hurting me.

 

[superblytrife]

All these stories are why I lease. Yeah, you're kinda throwing money away and have nothing to show for your payments, but I never have to worry about being upside down. Been there, done that, and it ain't fun. Especially when you get that new car itch (which is every year for me ). Hell, you might even get lucky and make $$ off your lease when its time to get into something new.

 

[Mark Antony]

I actually got that old car itch, somehow I miss my old TL type S.

 

[datznasty]

I want a Toyota/Honda/Lex or otherwise durable car to abuse to 300k miles

 

[WASPS ANDD ASPS]

Nissan error code B2579 is how much to fix on a 2012 maxima?

Ac compressor wont come on.

 

[frshstunna]

I want one of those 90’s/early 00’s Lexus LS …They built like tanks and the design n tech was wayyyy ahead of their time so they ain’t age that bad

 

[Mister Meaner]

Made out of my last lease that I was payments behind w/ a couple grand in my hand.

Currently not driving anything besides the work van.

My next will probably used enuf to be w/o payments < 12k.

Last time I had a maxima I couldn’t avoid the speeding tix but I’m better now.

 

[tr1ll]

I still got like 9 months left on my Kia plus the car that replaced it. Thought about just paying it off entirely but the payment is like 1.5% interest and not hurting me.

Ride that bad OUT. The 1% days are over! The lowest I know of is just over 5%.

 

[datznasty]

I want one of those 90’s/early 00’s Lexus LS …They built like tanks and the design n tech was wayyyy ahead of their time so they ain’t age that bad

Dude mentions them in this video

 

[Kierris]

If you put down a huge down payment and have good credit then financing is a non issue and is certainly better than leasing but unfortunately a lot of people get tunnell vision and tell themselves they have to have this or that and that's how you end up 24 years old taking a loan with a 30% interest rate for 6 years. I paid $437 a month during that time. I think we owe it to our children to teach them the game so they don't make dumb financial decisions like that. Like I said though, I got lucky as that loan is the reason my credit is so good now and I own the car that's in pretty great shape. I still cringe thinking back on that tho lol

 

[WASHED KING]

Got like 13k left on my '19 Mustang GT. I

I literally bought it at the perfect time got it brand new for 0% interest after my first year teaching. Only regret is that I didn't take that $ and buy a house instead.

I want a new one but I'm not going to want to pay that new car price. Think imma go car payment less for a little while and stack the bread.

 

[MakeNTGreatAgain]

All these stories are why I lease. Yeah, you're kinda throwing money away and have nothing to show for your payments, but I never have to worry about being upside down. Been there, done that, and it ain't fun. Especially when you get that new car itch (which is every year for me ). Hell, you might even get lucky and make $$ off your lease when its time to get into something new.

its all good but if u drive alot then idk if thats a solution

 

[WASPS ANDD ASPS]

My interest rate was 1.99.

Paid it off years ago and felt like a KING.

It immeadiately broke down repeatedly.
Still got it tho.

Pops recommends that i trade it in to get more $ for it. 157k miles. No ac.

 

[superblytrife]

its all good but if u drive alot then idk if thats a solution

Yeah it’s not for everyone or every situation. I had 15k miles/year on my first 2 leases and had more than enough. I don’t do long road trips and my wife also has 15k/year, so that helps a lot.

My 2 most recent are at 12k and I figure I’ll buy more miles if needed. But truthfully I’ll probably end up in something different before miles become an issue. I’m on my 4th car in 5 years.

 

[fluid hips]

datznasty