PlayCrackTheSky
Member
Yes, I realize that bad credit is coming into play. They are talking about paying $36,500 for a <$20k car. That is insane. No offense to the OP...but it really is.
Sonic Loan Roll Call
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PlayCrackTheSky
Member
It's possible, but it didn't sound like it. Maybe the OP will chime in with more info.
ahtoxa
New member
The lil 'Loader..... Or Freeloader, is due to arrive in January. Really wanted to be clear of my loan by then, but March is looking more realistic.
Plunking down another grand this week.
Wish I could do a grand at a time. I pay significantly more than what I need every month, but not that much.
My gf and I just unloaded her 2011 HHR, she owed ~$12k, had 68k miles, needed tires, crappy gas mileage on her commute (25 mpg average). Her payment/interest rate was insane (19.98%!) and nobody would refinance her car. Was able to get into a 2014 Cruze Eco, her car in trade (upside down of course), but got the ECO at a great price through my credit union... We took a hit on the trade, and have a serious note on the car, but looking at the monthly payment, gas mileage, and a new trouble free car, we came out pretty good (so far averaging 32.5 mpg vs. 25 mpg, insurance cheaper) and out of pocket is virually the same. Got 2% financing btw.
Preloader
The M32 Martyr
If you've been consistently paying a couple extra hundred the whole time, you have honestly been more effective than me.
What I'm doing now is like trying to catch up to where I'd be if I HAD paid a couple hundred extra the whole time.
Like I said, I've learned a lot from this loan experience, and I hope to convert it into better wisdom for any future purchases.
ahtoxa
New member
That too. Guns, ammo, knives and outdoor gear tend to consume a good chuck of budget.
There's also the dog, which costs $100/month in food + occasional 1-2 hundred dollar vet bills. But, I'd gladly pay 3x more in expenses for his furry ass.
HollywoodTurbo
New member
Ya I will probably never buy new again, too. I've been looking at cars differently, with a 5 year and 10 year monthly cost of ownership. It's just sooooo much cheaper to buy a one year old car and drive it from there. Let someone else waste there money with the initial chunk of depreciation.
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I have not bought a new car in 11 years, I get them a year or two old with factory warranty left just in case. We bought my wife's 2010 Ford Edge when it was 2 years old and it only has about 32k miles on it now. I have a used car dealer here and he specializes in finding low mileage vehicles, he once had an Explorer with 76 miles that had never been titled.
Eric Smit
Enforcer
And AC is a crutch, really. The sweat stinging your eyes helps keep you alert.