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Insured a lady today who financed $60k on a 2017 Toyota Tacoma
09-08-2016, 11:03 AM
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#91
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Originally Posted By ccounts54⏩
I honestly have no idea brah. lol. I work in insurance, not car sales. I just saw the bill of sale bc we need proof of ownership to insure it.OP what are your thoughts on these balloon programs that a lot more dealerships seem to be using nowadays?
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09-08-2016, 09:01 PM
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#92
Originally Posted By NattyCory⏩
That's the thing with people.If you buy new then you'll get your money's worth if you own it for 10 years
I bought my car brand new but I'm going onto year 5 with it and plan to get a brand new car at year 10...
I maintain my vehicle and keep it running good
I bought my car brand new but I'm going onto year 5 with it and plan to get a brand new car at year 10...
I maintain my vehicle and keep it running good
They take a 6 year loan, keep the car looking like chit, then by the second year they get the new car itch cause they're all shiny and they're driving a piece of chit swirled up garbage can. That's how negative equity trades happen.
I'm leasing my car, I keep it clean AF but I'm already excited that in two years I get to trade up to a better, faster car with no worry about negative equity and a much lower payment than a loan. Or chit, I could buy my car out for similar payments I'm making now, or even drop it off and say goodbye to a car payment. I have options.
Just look at say, the 2016 Civic and a 2013 Civic. What a world of difference in terms of new features. I always want to be up to date with the new technology and features, and improved power.
Lease is for me.
Look, i know i don't really know you and all, and i know you probably hear this like everyday, but your just so perfect to me. The few hours we talked were really great even if the convo was stale, your really pretty and chill, and your country thats just perfect :'D i really dont know how to explain it, but i think i have feelings for you somehow. i never felt like this with someone i just met, but i felt the need to get it off my chest. sorry for being all weird just idk how to explain it D:
09-08-2016, 10:09 PM
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#93
- Koreaesthetics
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- Koreaesthetics
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Originally Posted By Azzurri⏩
is that real life??? lol I just got financed for 1.9%. I've never had formal training with money, how are people so recklessMy friend owns a few dealerships that sell new Kia and Hyundai. Also has a used deal too. Anyway, it's not in the greatest area anymore, so the people that come in don't have the greatest credit to say the least.
He always tell stories about people coming in and buying new cars, but since their credit is so chit that they are paying like 600-900 a month for a car that should in reality cost you about 200-250, but since their credit is so bad that bank will only finance them at like 20%+ interest rates.
He always tell stories about people coming in and buying new cars, but since their credit is so chit that they are paying like 600-900 a month for a car that should in reality cost you about 200-250, but since their credit is so bad that bank will only finance them at like 20%+ interest rates.
09-08-2016, 10:11 PM
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#94
- Koreaesthetics
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Originally Posted By awwchit2⏩
That's great, but with lease you're paying the biggest depreciation value of the car, the first 2-3 years, which could be 30-40% of total. You're doing the same thing as buying brand new and selling couple years laterThat's the thing with people.
They take a 6 year loan, keep the car looking like chit, then by the second year they get the new car itch cause they're all shiny and they're driving a piece of chit swirled up garbage can. That's how negative equity trades happen.
I'm leasing my car, I keep it clean AF but I'm already excited that in two years I get to trade up to a better, faster car with no worry about negative equity and a much lower payment than a loan. Or chit, I could buy my car out for similar payments I'm making now, or even drop it off and say goodbye to a car payment. I have options.
Just look at say, the 2016 Civic and a 2013 Civic. What a world of difference in terms of new features. I always want to be up to date with the new technology and features, and improved power.
Lease is for me.
They take a 6 year loan, keep the car looking like chit, then by the second year they get the new car itch cause they're all shiny and they're driving a piece of chit swirled up garbage can. That's how negative equity trades happen.
I'm leasing my car, I keep it clean AF but I'm already excited that in two years I get to trade up to a better, faster car with no worry about negative equity and a much lower payment than a loan. Or chit, I could buy my car out for similar payments I'm making now, or even drop it off and say goodbye to a car payment. I have options.
Just look at say, the 2016 Civic and a 2013 Civic. What a world of difference in terms of new features. I always want to be up to date with the new technology and features, and improved power.
Lease is for me.
09-08-2016, 10:15 PM
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#95
- LuisEnrikee
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- LuisEnrikee
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maybe its for her husband work related
alot of landscape workers here in california
making good money, its easy to make the payments
alot of landscape workers here in california
making good money, its easy to make the payments
09-08-2016, 10:20 PM
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#96
- Jhawth
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- Jhawth
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Originally Posted By Fatkidwholifts⏩
for what a year? or did you finance it through daddy?Financed my most recent truck at 0% interest.
You mad, anti-financing miscers?
You mad, anti-financing miscers?
I can't believe people spend money like they do on certain things, but hey, good luck with your poverty goals.
Good things take time.
09-09-2016, 12:20 PM
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#97
Originally Posted By eXistenceLies⏩
No you don't.Yes you have to put a few grand down due at signing.
Don't ever put money down on a lease.
Those special offers you see on commercial with $1,500 down and get some super low payment?
Negotiate with those neckbeards to lower the price of the car and you would get the same or even better deal with zero down.
Or do what I did, you get the dealers "final offer" where you've made some good progress.... Ask for a copy of the deal/numbers so you can "review it and think about and DEFINITELY call them back".
Take those fukin papers to another dealer and tell them to beat the deal and you will shake hands.
That's exactly what I did. And I even got the car with added accessories package for the same payment of the first dealer with no added accessories.
Das it mane.
Look, i know i don't really know you and all, and i know you probably hear this like everyday, but your just so perfect to me. The few hours we talked were really great even if the convo was stale, your really pretty and chill, and your country thats just perfect :'D i really dont know how to explain it, but i think i have feelings for you somehow. i never felt like this with someone i just met, but i felt the need to get it off my chest. sorry for being all weird just idk how to explain it D:
09-09-2016, 12:28 PM
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#98
- FrankGrimesJr
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Trucks are expensive. A fully loaded Tacoma is closer to $40k MSRP. Then the dealer might have put dealer add ons like a $1000 lift kit and charge $6000 for it.
09-09-2016, 12:34 PM
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#99
- Jms89
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Just lmao at all the financial retards in the US. All you have to do is tune into Dave Ramsey's show for a few minutes to see how many people are in financial ruin.
This fool's running a Honda 2000
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09-09-2016, 12:35 PM
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#100
- TheMinimalist
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in on car auto loan bubble thread. ok, so how do i 'bet against the auto loan industry'? i want to get into options trading. been doing some number crunching, and this thing is gonna cause a worldwide catastrophy. planning to make a few billion dollars for a hedgefund which i'd like to manage someday.
ok, so how do i start this?
ok, so how do i start this?
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09-09-2016, 12:37 PM
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#101
09-09-2016, 12:41 PM
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#102
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more than a mortage. lol @ people
09-09-2016, 12:47 PM
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#103
09-09-2016, 12:48 PM
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#104
- MrDeafMuscle
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Whatever car I buy, I keep until it is run into the ground. That is how it should be.
If you are going to buy a new car, then get the base option without electric windows if that is even possible. If you do that, you can get a car for under 10k brand new but it only works on the cheapest cars in production. In 2004, when I shopped for my last new car and was a senior in H.S., it was between a 2004 cavalier with 9 miles for $9,999 out of the door, Scion TC with 4 miles for 12,999 out of the door, or a Kia Spectra for 10,999 out of the door.
Ended up buying the cavalier then paid it off in 2 years and it is still going strong in 2016 with no sign of slowing down. Also have a 2005 malibu so it is going to be interesting to see which car ends up being the actual back up car.
I expect to buy a brand new truck in the next few years and it will be a ford 150 supercrew with minimal options. This truck is the most comfortable truck I have ever driven. Very easy to clean just like those Impalas. There is so much room in the back seat that my dog can literally do a 360 on the floor without having to jump on the seat in order to face the other way.
If you are going to buy a new car, then get the base option without electric windows if that is even possible. If you do that, you can get a car for under 10k brand new but it only works on the cheapest cars in production. In 2004, when I shopped for my last new car and was a senior in H.S., it was between a 2004 cavalier with 9 miles for $9,999 out of the door, Scion TC with 4 miles for 12,999 out of the door, or a Kia Spectra for 10,999 out of the door.
Ended up buying the cavalier then paid it off in 2 years and it is still going strong in 2016 with no sign of slowing down. Also have a 2005 malibu so it is going to be interesting to see which car ends up being the actual back up car.
I expect to buy a brand new truck in the next few years and it will be a ford 150 supercrew with minimal options. This truck is the most comfortable truck I have ever driven. Very easy to clean just like those Impalas. There is so much room in the back seat that my dog can literally do a 360 on the floor without having to jump on the seat in order to face the other way.
09-09-2016, 01:05 PM
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#105
- howimliving
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Originally Posted By JPF82⏩
the money due at lease inception is called "start-up money". they usually consist of the first payment and any fees the lessor charges. they can be divided up into the monthly payments, ie: "rolling" the start-ups into the monthly paymentThere is ALWAYS money down at a lease signing. It is extremely rare to see no money down lease unless the payment is high as fuk. Or they charge per mile.
leases advertised with a substantial amount of money down are used to appeal to the payment conscientious consumer but are not required. money down on a lease does nothing but lower the monthly payment, similar to a conventional purchase but does not build equity
Originally Posted By Boston03G35⏩
correctThe two are not related. mileage has nothing to do with money down in United States...ever.
The amount of 0 due at signing leases I do are ridiculous, it is extremely common.
The amount of 0 due at signing leases I do are ridiculous, it is extremely common.
Originally Posted By Scorpion613⏩
correct also. it's not wizardry. divide the total suggested amount due at signing, divide by lease term and add to monthly payment, plus a little extra to cover the money factor adjustmentYou can add the down payment + taxes into the monthly lease price. I did this myself and the additional monthly payments equaled exactly what the down payment and taxes would have been if paid upfront.
Originally Posted By Koreaesthetics⏩
leasing accomplishes the exact opposite of the consumer taking the hit on depreciation. the lessor determines the residual value of the vehicle at the end of the lease term at the time of inception. if at the end of the lease term the residual value is more than market value, the lessee turns in the keys and walks away, assuming the vehicle is within mileage and condition guidelines. if the residual value is less than market value, the lessee then has equity to use for trade credit, purchase, sell, etcThat's great, but with lease you're paying the biggest depreciation value of the car, the first 2-3 years, which could be 30-40% of total. You're doing the same thing as buying brand new and selling couple years later
ford dealer checking in btw
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09-09-2016, 01:35 PM
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#106
- Fatkidwholifts
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Originally Posted By midcoastking33⏩
More Than a mortgage where?more than a mortage. lol @ people
No house that sells for $60k is a house I'd want to live in/own.
Once upon a time:
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Currently Washed up.
09-09-2016, 02:05 PM
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#107
- QuickNutkus
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Originally Posted By MrDeafMuscle⏩
Does/did your cavalier ever have gauge issues?Whatever car I buy, I keep until it is run into the ground. That is how it should be.
If you are going to buy a new car, then get the base option without electric windows if that is even possible. If you do that, you can get a car for under 10k brand new but it only works on the cheapest cars in production. In 2004, when I shopped for my last new car and was a senior in H.S., it was between a 2004 cavalier with 9 miles for $9,999 out of the door, Scion TC with 4 miles for 12,999 out of the door, or a Kia Spectra for 10,999 out of the door.
Ended up buying the cavalier then paid it off in 2 years and it is still going strong in 2016 with no sign of slowing down. Also have a 2005 malibu so it is going to be interesting to see which car ends up being the actual back up car.
I expect to buy a brand new truck in the next few years and it will be a ford 150 supercrew with minimal options. This truck is the most comfortable truck I have ever driven. Very easy to clean just like those Impalas. There is so much room in the back seat that my dog can literally do a 360 on the floor without having to jump on the seat in order to face the other way.
If you are going to buy a new car, then get the base option without electric windows if that is even possible. If you do that, you can get a car for under 10k brand new but it only works on the cheapest cars in production. In 2004, when I shopped for my last new car and was a senior in H.S., it was between a 2004 cavalier with 9 miles for $9,999 out of the door, Scion TC with 4 miles for 12,999 out of the door, or a Kia Spectra for 10,999 out of the door.
Ended up buying the cavalier then paid it off in 2 years and it is still going strong in 2016 with no sign of slowing down. Also have a 2005 malibu so it is going to be interesting to see which car ends up being the actual back up car.
I expect to buy a brand new truck in the next few years and it will be a ford 150 supercrew with minimal options. This truck is the most comfortable truck I have ever driven. Very easy to clean just like those Impalas. There is so much room in the back seat that my dog can literally do a 360 on the floor without having to jump on the seat in order to face the other way.
RIP Colin Flaherty
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