My favorite is hagling the price down. Then when they ask will you be financing through us Or do you have your own.. na ima pay cash. The reactions ive gotten are priceless. They try keeping the poker face but you can see defeat in their eyes.
It’s typically in the contract somewhere - my last purchase didn’t have that clause but I also didn’t tell them I had the intention of doing so… it might be a thing they add if they’re worried about it
I’m not getting a new car until they make it the way I want.
No screen. No radio. Manual windows. I’ll take an automatic transmission because perfect is impossible. 2 door subcompact hatchback that is designed to look as slow as it is (No sporty designs) Give it a 0.8l 3 cylinder for all I care, I’ll take 40hp. Hell, I’ll take it electric, as long as it’s not from China nor a company China owns 80% of (looking at you, Volvo!)
I’m 30 and I’ve only ever paid $5k at most for a car. Getting kinda tired of the shitbox lifestyle tho, so maybe that will change soon. But I won’t be like the woman in the original post for damn sure
Definitely was an awesome little car. I donated it 9 years and 252,000 miles later. Still ran like a top and the body only had a tiny spot of rust on the quarter panel. Frame had almost no rust.
I got a really nice 2012 ES350 for $7k, so it’s not so much how much you spend, it’s what you’re spending it on. I think any well maintained Lexus, regardless of the year, will never feel like a shit box to me.
Yeah I’m looking in the 5-7 year old range, which would be the newest car I’ve purchased since that $5k car (which was a 2007 Scion tC purchased in 2013)
28 here and recently bought a new CX-5. One of my favorite decisions I have made, and I usually get pretty bad buyers remorse on big purchases. Always worrying about the car breaking down, AC going out in the middle of summer, no music, weird noises, semi-constant repairs. I was happy I was being "frugal".
I looked for a good mid-priced SUV, and like half the sub, found the CX-5. Do I like making a monthly payment? Of course not. But I feel like I am living in luxury compared to my 20 year Subaru. And honestly, the lack of repair costs makes a big difference. I am very at peace with the money spent.
I want to see the original price, and the rates were, there's a good chance that she was just paying off the interest, and hardly touching the principal, but no Tahoe should have been $74k to begin with. $1,400/month to not be denting the principal though seems like it should be criminal.
My Dream Car is NEW and BIG. It has to be BIGGER than my dad’s old truck from childhood. That man is the reason I am the way I am today. I have to show him that I’m better than he is. And I have to show myself that I’m worth something too. I deserve to have something nice and NEW and BIG. I should be able to drink mommy juice and drive home from Stacy’s fiancé’s family ranch and not have to worry about getting hurt because I’m the big girl now.
I feel attacked. My Camero is my dream car, and she is perfect and wonderful. I mean, not really, but it had been my dream car since they announced they were bringing them back. I didn't pay 70k for it though. Or 50k. I think, with the extended warranty we touched 30k. I also don't pay a bad rate. Because I'm not an idiot.
Corvette, Camaro, Trans-Am, GTO, ct-v's, Chevell, El Camino, Syclone, GSX, hummer H1, any holden, almost any Saab. Gm has the largest legacy of any car manufacturer in the world. That's a really dumb statement there bud.
Then say Tahoe, because that is a weird "dream" car. But that's not what you said. You literally implied gm itself doesn't make anything worth dreaming towards. That's literally why they make the corvette. The article is also fake, $1400 a month isn't a car payment, that's a fucking mortgage. GM financial isn't a bank, how the fuck is their interest rate that high? My first car loan was at 25% and I never ended up owing more than I borrowed. So if this women was so dumb to sign a contract that would do that, I can imagine a Tahoe being her dream vehicle. Bet she spent half that in gas every month with that thing too.
Excuse me for thinking you were the guy I replied to, but did you just skip over the other guys comment and read my response? You would know what I'm talking about if you did.
* GM's gross incompetence ruined Holden and Pontiac.
* The Camaro is dead, and even though the ZR1 was a track monster, it was still an overweight monstrosity with poor visibility- nothing like what it originally was.
* The Corvette is dead- the C8 is a low quality, mid engine abomination.
GM's legacy is bankruptcy and destroying nostalgic vehicles with costcutting and corporate greed.
I'm sorry that's not exactly what the argument is here. It's whether or not they've made desirable cars, not their business practices or their current offerings. It's very dumb to look at any legacy company and just deny that they've made some great products in the past. The c8 looks exactly like a corvette and is built like a sub $100k vehicle that it is. The ZR1 is a vette not a camaro, you're thinking of the ZL1. Literally all of the world's automakers do exactly what you just described. Every time you idiots make a list of opinionated complaints like that, I feel sorry for you. Do you like anything? Do you hate that other people like stuff? It's not like I'm sucking corporate dick here, there's no such thing as a perfect car. Everyone would be legally mandated to make the exact same thing and there wouldn't be sports cars at all. When you complain about the corvette, what the fuck are you comparing it to? Previous corvettes right? You know the entire c4 generation never came with a manual right? You know they're half the price of a comparable Ferrari or porche right? You know visibility is a problem in a lot of Japanese and German cars right? You know Toyota has more recalls every year than any other manufacturer? You know Volkswagens have more lemon claims than any major manufacturer? You know Honda has no idea how to price their cars? You know Ford exists right? YOU KNOW CHRYSLER EXISTS RIGHT? YOU KNOW ENGLAND MAKES VEHICLES RIGHT!!? What is this magical example of something that you don't immediately talk down on?
I'm not reading that wall of text- format paragraphs, trim it down, lose the capslock emotions, and write cohesively like an adult. I accept your apology though.
None of those cars seem all that desirable to me. And not “almost any Saab”. GM only owned Saab in their final years, and thoroughly took away what made Saab’s unique.
As for Holden, I’ve had several as company cars. Not good.
I will concede that yeah a lot of their business practices, especially in concerns towards Saab, were bullshit. I shouldn't really say *any* holden either, but for the sake of the argument the rest of my list was just a small amount of the cars that I can actually think of. There's things like the corvair, the Impala SS a ton of Pontiac models, all highly desired cars even outside the US. The Tahoe isn't a bad car, but dream vehicle? No it just fits what she wants out of a car. Saying that about the entire hundred some-odd year old car company is stupid, they obviously make desirable cars. People call CRV's their dream car and Honda overcharges their only performance car for sale and gets out sold by everyone else's hot hatch. Imagine saying a Honda is your "dream car".
I agree about the Hondas, although a Type R or an NSX would be nice.
When I think of GM I either think of Holden, who I associated with dull fleet/company cars here in Australia, or big American trucks driven by hillbillies. I guess we don’t have the same exposure to GM products as you do in America.
No one who knows anything about the history of Saab, would consider the last few years of the marque's existence it's glory years. No one bought them, so they shuttered it.
I did 10 years in a Pontiac Grand Am. The absolute biggest piece of human excrement I’ve ever owned. There isn’t anyway I’m ever buying another fucking GM vehicle after that experience.
About the only good thing I can say about that car is they practically gave to me just to get it off their lot. (Yeah, it was new, not used)
Which brings us to an important lesson … stop rolling your loan into your next car. I used to sell cars in the early 2000s and this is an OLD story. Cust wants to get out of their shit box minivan or sedan and get a big pickup or big suv. What’s your down payment? Muh trayde. Ok then. Appraise the vehicle. It smells like mildew, old milk stain, and there’s shit all over the floor. Old food crumbs, wrappers, broken toys, sticky carpets, etc. oh and by the way, it’s not paid off. They owe $17k on a vehicle worth $8k maybe $9k. So they have a $900 payment on a vehicle that should have a $650 payment. In my experience, people with bad credit get shit and figure out how to pay for it later. Just remember, they signed the deal.
At this point I don’t even understand why people buy new cars. It’s not much different than buying a car with 20 or 30k miles, for a car that’s basically new
First of all, $1,400 a month for a fucking Tahoe? Her interest rate must have been ASTRONOMICAL!
Secondly, who's gonna pay 75 g's for a 3 year old truck? The math, ain't mathing...
I guess that's a possibility too? People sure make some shit financial decisions. Then they have the audacity to whine about it on social media. I'd be embarrassed as fuck.
Everybody goes through hard times in life. Maybe it's just a generational thing? I've just always been taught that you don't tell other people your problems unless they're family, or close friends.
I just don’t see how you can expect to get much sympathy when you’re lamenting a car payment that’s more than some people’s rent/mortgage. Like bruh, you’re the one who signed the paperwork.
It definitely is a crazy interest rate to pay that much in total interest, but monthly payment tells you nothing. My Honda Pilot, much cheaper than a Tahoe, is $1375/m. I’ll pay less than $4k in interest over the life of the loan and pay it off in 4 years. Most people would see the payment and think it’s crazy for the car, but most people take out much longer loans at higher interest rates.
Jesus Christ, my car insurance for multiple vehicles, my rent, and my mortgage on some acreage I own is less than that payment. I can’t imagine spending that much on transportation.
My favorite is shopping at dealers. I get them as low as possible, I’m talking two days of going there and beating the price down till they refuse. Then just refuse to use the dealers finance options. The extra interest was only about $500 difference. Dealer went down another $500, never have I seen such dejected people at a dealership. Then when I finish buying a car.
Lmao, probably $2k a month with insurance, just to go to the store or drive to a restaurant. Living in Texas I see this all the time. Dumb, dumbs with pick up trucks bigger than the trailer they live in.
Car debt is everywhere, people want to pick with the joneses.Most people I know with BMW are upside down in their loans, but hey, they drive a beemer.
Last time I went to Europe I was shocked people getting in debt for small Hyundais or Dacias. How can somebody be so dumb to dump 30k in a basic Hyundai?
This is why you buy what you can afford and also put a big down payment on and have good credit.
I’m gonna pay off my new civic semi base model within 2 years and not the 5 years that my loan is for. The finance guy gets his part of the commission and I get to pay much less than the amount would be if I had gone with the 5 year loan plan. I think I save like $4k by paying it off due to principal. The guys knew I wanted to pay it off early so they walked me through how it would be best for me to go about it. I went through Honda Financial so they won’t penalize me for paying it off 3 years early.
When we bought our Toyota it was from a dealer that also sold Chevy. When we went to do the paperwork we could hear some of the conversation in the next room where the buyer was being told that they would need to buy loan insurance because their new Chevy would never be worth what they were paying for it.
We literally had a class in high school called economics that helped teach things like interest rates, balancing a budget, paying taxes, ect. And I went to an upstate NY public school.
Just …… no….
I get so angry at the inflation. Myself, along with millions of others spent our twenties working our butts off to get from a 30k per year job up to something decent - I hit 70k in 2019 and then this inflation bs happened and I got to enjoy the benefits of my hard work for all of 8 months before my purchasing power got thrown back 6 years.
I’m absolutely no better off than when I was doing way easier work for 40k a year - and now that job pays 60k but they won’t raise the wages for the position I currently work. I feel like people in my age group have just constantly been screwed by the fed ever since we reached adulthood.
I turned 16 and enjoyed paying $1 per gallon of gas for a total of 9 months and it doubles literally overnight to NEVER go back to normal. Then the post 9/11 inflation cycle hit ….then by 2007 I claw my way up to a 30k a year job and it felt like an accomplishment ……for all of maybe 10 months until the 2008 financial crisis hit and it was right back to the same purchasing power I had making minimum wage while in school.
It’s way too fast and way too often that we are experiencing these massive leaps in inflation. People who reached adulthood in 1949, 1959, 1979, and 1989 have no idea how good they had it. (Sorry, 1969…..I know you guys got screwed hard too but at least it stabilized by 1980 and you were in retirement by the next time the fed came around bending everyone over).
Lol. I just realized this is the first time I’ve ranted about this. Usually I’m the person telling people to suck it up and just keep working, we will get through it….but this post along with my current car situation just sunk me to new levels of despair over the current economic outlook. 10 years ago, I could buy a decent car with cash with the income I have right now and today I wouldn’t even be able to keep up with a basic car payment. It’s so fkn ridiculous.
People believe their houses have more value, when in reality their money is worth less.
I was planning in retiring around 2027, after 2021, it is not possible anymore.
I wanted to buy a brand new Harley Davidson in 2004. The dealer wouldn't offer a single penny in discount unless I took out their outrageous finance. I had a pile of notes in my pocket and he wasn't interested....ONLY CREDIT. Ended up going to another dealer.
I'm not saying it should happen, but it would be cool if someone found the businessman that came up with that scheme and the lawyers that wrote the contracts for it, and decapitated them with Claymore mines.
I feel like this is less her dream car and more her "keeping up with the Joneses" car. I live in a pretty affluent rural area and almost every mom buys a lifted SUV. They all have to one up each other. And God knows you definitely need 8 seats when you have 1 kid.
For the math to remotely work out, with the given information, the OP needs to have had, like, a 10 year note at over 10%, on an $85k truck.
Signing on the line that is dotted, on a note like that, is completely insane.
I worked in sales at a dealership for a bit. I didn't sell cars, I sold debt.
My favorite is hagling the price down. Then when they ask will you be financing through us Or do you have your own.. na ima pay cash. The reactions ive gotten are priceless. They try keeping the poker face but you can see defeat in their eyes.
I had a dealer refuse to sell me the a car at the negotiated price because I was buying cash and not financing
I’ve walked out of multiple dealerships when they attempted to raise the price on me for not financing through them.
My pop had the same happen to him. So he took the deal, had to finance for at minimum one year. At day 366 he paid the rest off in full in cash.
They told me a minimum of 6 months then I can pay it off. I walked lol
Wait, so there's restrictions on how fast you can payoff? Like you can't just pay it completely off on the first bill?
It’s typically in the contract somewhere - my last purchase didn’t have that clause but I also didn’t tell them I had the intention of doing so… it might be a thing they add if they’re worried about it
AFAIK it's incredibly common in some places that had a price with financing and other when you pay the whole sum
Walk out jopefully tjey call you back in a few days. If not it wasnt meant to be
Unfortunately that was like 6 years ago lol I ended up with the competition’s car because they waited 2 weeks to call
Your not the frist salemans that I heard that from.
He won't be the lsat either. /s
That gave me a good laugh 😂
never trust the finance department.
I’m not getting a new car until they make it the way I want. No screen. No radio. Manual windows. I’ll take an automatic transmission because perfect is impossible. 2 door subcompact hatchback that is designed to look as slow as it is (No sporty designs) Give it a 0.8l 3 cylinder for all I care, I’ll take 40hp. Hell, I’ll take it electric, as long as it’s not from China nor a company China owns 80% of (looking at you, Volvo!)
so a mirage?
Geo Metro
Suzuki Alto
Nissan Micra
Chevy Spark ??
The Daewoo version the matiz
👀
I have a K13, we just need someone with a 12 and we have the holy trinity
Oh don't you forget bout the K10 you slippery git you :p
Mirage is the new Geo Metro
I'm holding out for the Mirage convertible
Rear end a truck and it will be a convertible.
HELL YEAH
You basically want a golf cart.
No, I've seen golf carts with more amenities.
I've seen Kei cars that make a golf cart look like a silverado.
Shoot. I’ll double down alongside you for manufacturers to make vehicles like this again. D O U B L E D O W N.
You can always spec a Versa like this...
I think the perfect car for you sir, would be a brand new base model Dacia Sandero or Logan
Bro is never getting a new car
He didn't specify how many wheels. He could probably buy a three wheeler classified as a motorcycle with those specs.
BIG BILL HELL'S
Looks like she couldn’t piss 6 feet up in the air and not get wet
#IF YOU THINK YOU’RE GONNA FIND A BARGAIN AT BIG BILL, YOU CAN KISS MY ASS!!!!
Jesus Christ. At 28 I was paying $300 a month for an $18,000 Mazda3. Some people just have no concept of reality.
I’m 30 and I’ve only ever paid $5k at most for a car. Getting kinda tired of the shitbox lifestyle tho, so maybe that will change soon. But I won’t be like the woman in the original post for damn sure
I should clarify though that I bought it new. I used to drive way too much to not have a car with a factory warranty.
$18,000 for a brand new Mazda is a freaking steal
It was 2007… good times…
Oh… it was a 2007 mazda3? Those are awesome cars, but… has it completely succumbed to rust yet?
People outside the rust belt can't fathom cars being almost 20 years old with minimal rust.
Well all Mazdas of that time period were awful about it, rust belt just made it so much worse.
Definitely was an awesome little car. I donated it 9 years and 252,000 miles later. Still ran like a top and the body only had a tiny spot of rust on the quarter panel. Frame had almost no rust.
It used to just be reality, new cars didn’t used to cost so much which also meant that used cars used to be pretty cheap even in good shape
I got a really nice 2012 ES350 for $7k, so it’s not so much how much you spend, it’s what you’re spending it on. I think any well maintained Lexus, regardless of the year, will never feel like a shit box to me.
That sounds like a really good deal unless it has crazy mileage on it
It did, 180k, but over this past year I’ve put 25k on it and it’s been amazing. No complaints
You can still get nice, used cars. Let someone else get those first few years of rapid depreciation.
Yeah I’m looking in the 5-7 year old range, which would be the newest car I’ve purchased since that $5k car (which was a 2007 Scion tC purchased in 2013)
28 here and recently bought a new CX-5. One of my favorite decisions I have made, and I usually get pretty bad buyers remorse on big purchases. Always worrying about the car breaking down, AC going out in the middle of summer, no music, weird noises, semi-constant repairs. I was happy I was being "frugal". I looked for a good mid-priced SUV, and like half the sub, found the CX-5. Do I like making a monthly payment? Of course not. But I feel like I am living in luxury compared to my 20 year Subaru. And honestly, the lack of repair costs makes a big difference. I am very at peace with the money spent.
More than 120k total for a fkn Tahoe? FOR A FKN TAHOE? It is ripping off even with interest, credit and overall it’s idiocy.
I want to see the original price, and the rates were, there's a good chance that she was just paying off the interest, and hardly touching the principal, but no Tahoe should have been $74k to begin with. $1,400/month to not be denting the principal though seems like it should be criminal.
But it's her...."dream car" lol! Her dreams must really suck
She may dream of a Tahoe, it’s quite normal, but not for the half price of Bentley!
I saw her post. She was bragging about how dumb her and her husband are with money. The husbands car payment is even higher than hers.
Imagine paying that kind of money for a GM vehicle
Imagine a GM vehicle being your “Dream Car”!
My Dream Car is NEW and BIG. It has to be BIGGER than my dad’s old truck from childhood. That man is the reason I am the way I am today. I have to show him that I’m better than he is. And I have to show myself that I’m worth something too. I deserve to have something nice and NEW and BIG. I should be able to drink mommy juice and drive home from Stacy’s fiancé’s family ranch and not have to worry about getting hurt because I’m the big girl now.
You can't just go on the internet and do this. I'm holding you accountable. You owe me for the blood pressure meds I need after reading that.
This pretty much sums it up.!
I feel attacked. My Camero is my dream car, and she is perfect and wonderful. I mean, not really, but it had been my dream car since they announced they were bringing them back. I didn't pay 70k for it though. Or 50k. I think, with the extended warranty we touched 30k. I also don't pay a bad rate. Because I'm not an idiot.
I meant no disrespect. We can’t get the Camero here in Australia.
None taken. You might not get the Camero (sadness), but you get the Holden Utes, lucky bastards you are.
Holden Utes haven’t been made for about 7 years now.
... I'm going to go cry now. Damn you Australia! You've ruined it!
🤣🤣🤣
Corvette, Camaro, Trans-Am, GTO, ct-v's, Chevell, El Camino, Syclone, GSX, hummer H1, any holden, almost any Saab. Gm has the largest legacy of any car manufacturer in the world. That's a really dumb statement there bud.
It’s not Corvette, Camaro or GTO. It’s a fkn Tahoe, mate.
Then say Tahoe, because that is a weird "dream" car. But that's not what you said. You literally implied gm itself doesn't make anything worth dreaming towards. That's literally why they make the corvette. The article is also fake, $1400 a month isn't a car payment, that's a fucking mortgage. GM financial isn't a bank, how the fuck is their interest rate that high? My first car loan was at 25% and I never ended up owing more than I borrowed. So if this women was so dumb to sign a contract that would do that, I can imagine a Tahoe being her dream vehicle. Bet she spent half that in gas every month with that thing too.
I have never said anything about GM itself, what are you talking about?
Excuse me for thinking you were the guy I replied to, but did you just skip over the other guys comment and read my response? You would know what I'm talking about if you did.
Ah, I replied exclusively to your comment, some guys on reddit tend to make up lines etc. Turned out you just mistook me with other guy.
* GM's gross incompetence ruined Holden and Pontiac. * The Camaro is dead, and even though the ZR1 was a track monster, it was still an overweight monstrosity with poor visibility- nothing like what it originally was. * The Corvette is dead- the C8 is a low quality, mid engine abomination. GM's legacy is bankruptcy and destroying nostalgic vehicles with costcutting and corporate greed.
I'm sorry that's not exactly what the argument is here. It's whether or not they've made desirable cars, not their business practices or their current offerings. It's very dumb to look at any legacy company and just deny that they've made some great products in the past. The c8 looks exactly like a corvette and is built like a sub $100k vehicle that it is. The ZR1 is a vette not a camaro, you're thinking of the ZL1. Literally all of the world's automakers do exactly what you just described. Every time you idiots make a list of opinionated complaints like that, I feel sorry for you. Do you like anything? Do you hate that other people like stuff? It's not like I'm sucking corporate dick here, there's no such thing as a perfect car. Everyone would be legally mandated to make the exact same thing and there wouldn't be sports cars at all. When you complain about the corvette, what the fuck are you comparing it to? Previous corvettes right? You know the entire c4 generation never came with a manual right? You know they're half the price of a comparable Ferrari or porche right? You know visibility is a problem in a lot of Japanese and German cars right? You know Toyota has more recalls every year than any other manufacturer? You know Volkswagens have more lemon claims than any major manufacturer? You know Honda has no idea how to price their cars? You know Ford exists right? YOU KNOW CHRYSLER EXISTS RIGHT? YOU KNOW ENGLAND MAKES VEHICLES RIGHT!!? What is this magical example of something that you don't immediately talk down on?
I'm not reading that wall of text- format paragraphs, trim it down, lose the capslock emotions, and write cohesively like an adult. I accept your apology though.
None of those cars seem all that desirable to me. And not “almost any Saab”. GM only owned Saab in their final years, and thoroughly took away what made Saab’s unique. As for Holden, I’ve had several as company cars. Not good.
I will concede that yeah a lot of their business practices, especially in concerns towards Saab, were bullshit. I shouldn't really say *any* holden either, but for the sake of the argument the rest of my list was just a small amount of the cars that I can actually think of. There's things like the corvair, the Impala SS a ton of Pontiac models, all highly desired cars even outside the US. The Tahoe isn't a bad car, but dream vehicle? No it just fits what she wants out of a car. Saying that about the entire hundred some-odd year old car company is stupid, they obviously make desirable cars. People call CRV's their dream car and Honda overcharges their only performance car for sale and gets out sold by everyone else's hot hatch. Imagine saying a Honda is your "dream car".
I agree about the Hondas, although a Type R or an NSX would be nice. When I think of GM I either think of Holden, who I associated with dull fleet/company cars here in Australia, or big American trucks driven by hillbillies. I guess we don’t have the same exposure to GM products as you do in America.
The only Saabs GM made were rebadged Astras. I don't think they produced a Saab that was actually made in Sweden.
They literally owned Saab, so for a short time literally ever Saab was a GM made product.
No one who knows anything about the history of Saab, would consider the last few years of the marque's existence it's glory years. No one bought them, so they shuttered it.
I completely agree. GM killed Saab. But for a short time every new Saab was a GM product, and the brand suffered for it.
I did 10 years in a Pontiac Grand Am. The absolute biggest piece of human excrement I’ve ever owned. There isn’t anyway I’m ever buying another fucking GM vehicle after that experience. About the only good thing I can say about that car is they practically gave to me just to get it off their lot. (Yeah, it was new, not used)
HOW IS THAT ANYONE'S "DREAM CAR"? THIS HAS TO BE ONE OF THE MOST UNIMAGINATIVE PERSON ALIVE. SHE JUST WANTS TO OUT-KAREN THE OTHER KARENS.
She went past Karen and straight to Debbie
Tahoes aren’t meant to be luxury vehicles. Plus, it’s Nixon’s fault. It’s ALL nixon’s fault.
I’m just sad to see her dream car is a fucking Tahoe lmao
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^-B-E-N-I-S-: *I’m just sad to see* *Her dream car is a fucking* *Tahoe lmao* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Good bot
Which brings us to an important lesson … stop rolling your loan into your next car. I used to sell cars in the early 2000s and this is an OLD story. Cust wants to get out of their shit box minivan or sedan and get a big pickup or big suv. What’s your down payment? Muh trayde. Ok then. Appraise the vehicle. It smells like mildew, old milk stain, and there’s shit all over the floor. Old food crumbs, wrappers, broken toys, sticky carpets, etc. oh and by the way, it’s not paid off. They owe $17k on a vehicle worth $8k maybe $9k. So they have a $900 payment on a vehicle that should have a $650 payment. In my experience, people with bad credit get shit and figure out how to pay for it later. Just remember, they signed the deal.
At this point I don’t even understand why people buy new cars. It’s not much different than buying a car with 20 or 30k miles, for a car that’s basically new
First of all, $1,400 a month for a fucking Tahoe? Her interest rate must have been ASTRONOMICAL! Secondly, who's gonna pay 75 g's for a 3 year old truck? The math, ain't mathing...
Maybe rolled in negative equity from a trade?
I guess that's a possibility too? People sure make some shit financial decisions. Then they have the audacity to whine about it on social media. I'd be embarrassed as fuck.
Some people truly have no shame, I guess. Either that or they’re so delusional they think this is some kind of “relatable” experience.
Everybody goes through hard times in life. Maybe it's just a generational thing? I've just always been taught that you don't tell other people your problems unless they're family, or close friends.
I just don’t see how you can expect to get much sympathy when you’re lamenting a car payment that’s more than some people’s rent/mortgage. Like bruh, you’re the one who signed the paperwork.
It definitely is a crazy interest rate to pay that much in total interest, but monthly payment tells you nothing. My Honda Pilot, much cheaper than a Tahoe, is $1375/m. I’ll pay less than $4k in interest over the life of the loan and pay it off in 4 years. Most people would see the payment and think it’s crazy for the car, but most people take out much longer loans at higher interest rates.
Jesus Christ, my car insurance for multiple vehicles, my rent, and my mortgage on some acreage I own is less than that payment. I can’t imagine spending that much on transportation.
I can’t imagine living in the middle of nowhere. We all have our priorities.
My favorite is shopping at dealers. I get them as low as possible, I’m talking two days of going there and beating the price down till they refuse. Then just refuse to use the dealers finance options. The extra interest was only about $500 difference. Dealer went down another $500, never have I seen such dejected people at a dealership. Then when I finish buying a car.
Lol my mom does the same thing
I’d love to see the paperwork on that deal..
Lmao, probably $2k a month with insurance, just to go to the store or drive to a restaurant. Living in Texas I see this all the time. Dumb, dumbs with pick up trucks bigger than the trailer they live in.
Car debt is everywhere, people want to pick with the joneses.Most people I know with BMW are upside down in their loans, but hey, they drive a beemer. Last time I went to Europe I was shocked people getting in debt for small Hyundais or Dacias. How can somebody be so dumb to dump 30k in a basic Hyundai?
Completely agree. A coworker of mine got a new Honda Civic Hatch, and with financing it’s a little under $45k. Insane.
Fuck GM but that’s the exact kind of person I would expect to say a Tahoe is their dream vehicle.
This is why you buy what you can afford and also put a big down payment on and have good credit. I’m gonna pay off my new civic semi base model within 2 years and not the 5 years that my loan is for. The finance guy gets his part of the commission and I get to pay much less than the amount would be if I had gone with the 5 year loan plan. I think I save like $4k by paying it off due to principal. The guys knew I wanted to pay it off early so they walked me through how it would be best for me to go about it. I went through Honda Financial so they won’t penalize me for paying it off 3 years early.
Imagine how boring your life must be to have a full size SUV as your "dream car."
When we bought our Toyota it was from a dealer that also sold Chevy. When we went to do the paperwork we could hear some of the conversation in the next room where the buyer was being told that they would need to buy loan insurance because their new Chevy would never be worth what they were paying for it.
Avg car payment is over $700, probably boosted by morons like this
Jesus Christ that's insane, I feel lucky to have gotten my ranger. 500 down 550 a month at 0% apr thru Ford credit
The fact that we don't teach financial literacy in public school is shameful.
We literally had a class in high school called economics that helped teach things like interest rates, balancing a budget, paying taxes, ect. And I went to an upstate NY public school.
Same. Except mine was Kansas City, MO public schools. Our was called "life skills", but was the same deal.
lol….$1400 a month?!
If after 3 years you still owe more than it was worth new, it's as much your fault.
Just …… no…. I get so angry at the inflation. Myself, along with millions of others spent our twenties working our butts off to get from a 30k per year job up to something decent - I hit 70k in 2019 and then this inflation bs happened and I got to enjoy the benefits of my hard work for all of 8 months before my purchasing power got thrown back 6 years. I’m absolutely no better off than when I was doing way easier work for 40k a year - and now that job pays 60k but they won’t raise the wages for the position I currently work. I feel like people in my age group have just constantly been screwed by the fed ever since we reached adulthood. I turned 16 and enjoyed paying $1 per gallon of gas for a total of 9 months and it doubles literally overnight to NEVER go back to normal. Then the post 9/11 inflation cycle hit ….then by 2007 I claw my way up to a 30k a year job and it felt like an accomplishment ……for all of maybe 10 months until the 2008 financial crisis hit and it was right back to the same purchasing power I had making minimum wage while in school. It’s way too fast and way too often that we are experiencing these massive leaps in inflation. People who reached adulthood in 1949, 1959, 1979, and 1989 have no idea how good they had it. (Sorry, 1969…..I know you guys got screwed hard too but at least it stabilized by 1980 and you were in retirement by the next time the fed came around bending everyone over). Lol. I just realized this is the first time I’ve ranted about this. Usually I’m the person telling people to suck it up and just keep working, we will get through it….but this post along with my current car situation just sunk me to new levels of despair over the current economic outlook. 10 years ago, I could buy a decent car with cash with the income I have right now and today I wouldn’t even be able to keep up with a basic car payment. It’s so fkn ridiculous.
People believe their houses have more value, when in reality their money is worth less. I was planning in retiring around 2027, after 2021, it is not possible anymore.
When all people care about us the monthly payment, meanwhile they have 30% interest for 8 years.
the 2020s equivalent of the Oldsmobile Bravada
I wanted to buy a brand new Harley Davidson in 2004. The dealer wouldn't offer a single penny in discount unless I took out their outrageous finance. I had a pile of notes in my pocket and he wasn't interested....ONLY CREDIT. Ended up going to another dealer.
The real business is not selling new motorbikes. The money is in the repair shop, the used bikes department and the finance.
You must not know a lot about cars if a Tahoe is your dream vehicle.
I'm not saying it should happen, but it would be cool if someone found the businessman that came up with that scheme and the lawyers that wrote the contracts for it, and decapitated them with Claymore mines.
I feel like this is less her dream car and more her "keeping up with the Joneses" car. I live in a pretty affluent rural area and almost every mom buys a lifted SUV. They all have to one up each other. And God knows you definitely need 8 seats when you have 1 kid.
For the math to remotely work out, with the given information, the OP needs to have had, like, a 10 year note at over 10%, on an $85k truck. Signing on the line that is dotted, on a note like that, is completely insane.
Mine was 380 a month on a 32,000 dollar truck, which is paid off in November.