How much is your car payment and what do you make?

sock puppet wrote:

Paying cash is rarely the best option when buying a new car. It's best to sit with the finance guy and portray the cars too expensive and you need to finance for 72 months. You can get a better deal and better trade in amount if they think you're going to finance. I paid off my Tundra in 3 or 4 months and there will be no prepayment penalty (unless you're financing a 2008 Mercury Sable from a hood rat tote the note car lot).

No this is the wrong way. You establish price and trade in value then you mention that you are not financing. Taking out a car loan is a suckers game, unless you are just starting out and need reliable transportation for the job.

Jack off wrote:

Again to educate you.I work for a dealer ship. People do put down that and less.Not everyone has an extra 1k to put down.His payday might be the next week. He ends up paying an extra $20 on average a month because of it.Unless he pays it off early.Some people try to put zero down.Pal.This is what it cost for a 2017 with the extras and all he described. It's just like the hotels that say 59 dollars a night and your bill is $110. It's all the extras.Like weekend rates and all the stops.He is correct.By the way i work for a Nissan dealership.

In 2 or 3 posts you write dealership as "dealer ship". Unless you work on a giant floating thing that sells cars, you work in a dealership. Of all the people that should know this, people who work in dealerships should know this. This is one of many reasons you (I assume you are the OP) really sound like a total moron.

It's this phone but you are a fn loser.

T money wrote:

3 things.My 1st time not buying a car eather out right or in house deal.My score is 621 but i dont have a long history. Last of all its the top of the line new 2017 and it has all the warrantees Total financed 38,312.I put 1k down.My finance charge is 21,406.It i take all the months.

So you paid 3k over MSRP for an Altima.

Then you paid an extra 7 grand for a lifetime warranty.

Then you financed it at an extortionate interest rate.

Then you came on here and called everyone an idiot and an assface etc.

Who's the idiot?

T money wrote:

The Nissan Altima 2017.The top of the line one.With the extra 100 a month on all the repairs engine for life warranty. So on.I have a honda pilot that was 515 a month but it was used.I payed it off.

Those warranties don't cover anything likely to actually fail. A rip off which makes you waste money on expensive servicing at manufacturers garages

Bought 20k car nearly 2 years old for 8k cash.

Jack off wrote:

Ass face that's the fiance charge and the warrantee. Do you know what that is?No one pays the msp any more. Warrantee on an for life he said.The car cost 38g.Ass that's LT.Standard and LT can be a big difference. I sell them I know.A good Warrantee can save you a lot.He got a car a warrantee and fiance.With that warrantee he might in most cases not see the inside of a repair shop for a long time and with the right warrantee never for major repairs.With little or no out of pocket. So how do you feel now Ass face.I sell cars at a real dealer ship.

All the English teacher jobs in your area were already taken?

Teacher. Hyundai Elantra w 110,000 miles. Was 250 a month when I bought . Paid off quickly.... go cheaper and reliable. Cars are cars . Made to break on ya and wear down

T money wrote:

New or used.Is $830 to much a month ?Its a 2017 Nissan with everything . I got all the extra coverages. Gap so on.What is yours?

But a $1.5k mid 1990s Honda, and throw the savings into a 401k-account. No one cares if u drive a new car!!!

Bought the last 2015 civic on the lot beginning of Jan 2016...$17K. Paid cash. Combined income $155K.

That replaced a beater car and I plan to drive this one into the ground too.

Save the warranty $ in a bank account and use it when something actually breaks. If you're buying a loaded 2017, you won't have it when some of that random stuff the warranty covers breaks - and what does break won't be covered by warranty. The things are money makers for dealerships.

Get a car you can afford, get your credit score up, and buy the loaded car when you can afford it - or never buy it and retire early ;) thats our end goal!

Jack off wrote:

He got a car a warrantee and fiance.

A good warranty and the promise of a future bride does indeed sweeten the deal a bit.

T money wrote:

3 things.My 1st time not buying a car eather out right or in house deal.My score is 621 but i dont have a long history. Last of all its the top of the line new 2017 and it has all the warrantees Total financed 38,312.I put 1k down.My finance charge is 21,406.It i take all the months.

$38,312 over 72 months with total interest of $21,406 implies an interest rate of 15%. How on earth did you sign a deal for 15%? Forget the fact that you paid a few grand over MSRP and that you paid several thousand for a BS warranty. The loan is where you got absolutely fleeced.

Honestly, despite you being a total jerk on this thread, I feel sorry for you. You have been preyed upon. They saw an easy mark due to your below average intelligence. I would see if you can contact some consumer advocacy group and try to get out of your deal. This seems like predatory lending.

Bs lots of loans are like that. This is my 1st that is way it was 15 percent.

Meh, I don't feel sorry for him for being uneducated. With information being so easily accessible these days there's really no excuse to NOT know. It's so easy these days to get

AmIDoingItRite wrote:

crete wrote:

$38,312 over 72 months with total interest of $21,406 implies an interest rate of 15%. How on earth did you sign a deal for 15%? Forget the fact that you paid a few grand over MSRP and that you paid several thousand for a BS warranty. The loan is where you got absolutely fleeced.

Honestly, despite you being a total jerk on this thread, I feel sorry for you. You have been preyed upon. They saw an easy mark due to your below average intelligence. I would see if you can contact some consumer advocacy group and try to get out of your deal. This seems like predatory lending.

Meh, I don't feel sorry for him for being uneducated. With information being so easily accessible these days there's really no excuse to NOT know. It's so easy these days to get

Letsrun is doing that thing where it cuts off posts again... basically I was saying that it's so easy to get loans at less than 1.5%, and lots of them at 0%. Plus, the dude paid over MSRP. Who pays over MSRP when buying a car these days?!!? I picked my car up in october (factory order too, less room for negotiating) and got the total car with taxes, registration, and all other fees for the same price as MSRP.

The calendar age of your Audi doesn't really matter unless its been sitting out in the elements. Age is measured by miles. If you are only at 90K, you should be able to get to 300K miles as long as you take good care of the car. Replacing the timing belt at 100K and 200K is key.

Clear $90k. Pay $0/month for car payment. Both are paid off. Feels good man.

T money wrote:

Bs lots of loans are like that. This is my 1st that is way it was 15 percent.

Probably a troll, but you got me I guess.

If you can afford an $830/month car payment, but don't qualify for a rate under 15%, why would you borrow so much money?

There are two arguments being batted about in this thread. One is the folly in financing a depreciating asset - many reply that they finance at zero or close to zero. Fine, but to do so the vehicle needs to be new or almost new. The other argument being made is that when buying a depreciating asset, buy low (i.e. used). A new car at $25K is going to have $15K resale value in year 6. A used car at $7.5K is going to have $4K resale value in year 6. Even if financed at 6+%, the 2nd option allows much greater savings and return on that invested savings especially in light of multiple car purchases over one's lifetime.

People worry much less about financing a degree or a home a purchase of a business. The reason being that these assets tend to appreciate in value over time.

So far the average salary posted in like $150K. How can that be real?