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Americans Are Struggling To Pay Car Loans


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3 hours ago, Steve753 said:

Not everyone wants a miled out 93 f150 though.

 

That word “want” is why idiots get in trouble affording vehicles. They should consider the word “need”. 

3 hours ago, Steve753 said:

I'd rather have a loan on something new with warranty.

When you consider that most vehicle loans cost between 6k - 8k per year, it would be very rare to spend that much in repairs per year on a paid for vehicle, I know I never have……paid for vehicles FTW!!! 

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2 minutes ago, snoughnut said:

That word “want” is why idiots get in trouble affording vehicles. They should consider the word “need”. 

When you consider that most vehicle loans cost between 6k - 8k per year, it would be very rare to spend that much in repairs per year on a paid for vehicle, I know I never have……paid for vehicles FTW!!! 

You've never owned a diesel obviously. 

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6 minutes ago, SSFB said:

I still like my paid off, 90k mile F150. :bc:

 

I still like my 200k mile paid of Escalade..

But dumbfuck MC acting like most Americans dont have car loans is ridiculously ignorant. 

Almost as stupid as being like "who has a mortgage" ....derp I paid off my House I bought in 1975 derp derp. 

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Just now, snoughnut said:

That was your first mistake in buying one to begin with. Most people have no need for those junks.

I've had diesels for 30 yrs. I couldn't even legally tow my rv with a gas truck.

:lol:

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2 hours ago, Steve753 said:

Such a dumb statement. 

Wanting a new car payment so you have a warranty is a dumb statement...self Insure for the repairs. What was posted earlier almost 900.00 per month.  Thats retarded. 

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1 minute ago, SkisNH said:

Wanting a new car payment so you have a warranty is a dumb statement...self Insure for the repairs. What was posted earlier almost 900.00 per month.  Thats retarded. 

My last truck payment was $1450/ month

:lol:

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4 minutes ago, Steve753 said:

My last truck payment was $1450/ month

:lol:

Stupidity...next thing you will tell me is why use cash when your money is making money in the market....

You must of forgotten about the lost decade... or the current market down turn.

If you can afford it just pay for it and be done. 

 

The term “Lost Decade for Stocks” refers to the ten-year period from 12/31/1999 through 12/31/2009, when the S&P 500® generated an annualized total return of -0.9% over the period.

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1 minute ago, SkisNH said:

Stupidity...next thing you will tell me is why use cash when your money is making money in the market....

You must of forgotten about the lost decade... or the current market down turn.

If you can afford it just pay for it and be done. 

Why would you pay cash for company vehicles?

1 minute ago, DriftBusta said:

Last new diesel I bought was an F550.  In 1999.  :lol: 

At times I wish I had an old diesel. The pollution control on them now is crazy.

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1 minute ago, Steve753 said:

Why would you pay cash for company vehicles?

At times I wish I had an old diesel. The pollution control on them now is crazy.

Why not...I can still depreciate it 100% win win

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2 minutes ago, Steve753 said:

Why would you pay cash for company vehicles?

At times I wish I had an old diesel. The pollution control on them now is crazy.

I surely wouldn't own a new diesel out of warranty.  Or a  BMW.  Or an Arctic Cat. :lol: 

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6 minutes ago, SkisNH said:

Why not...I can still depreciate it 100% win win

Whatever works for you. I don't think you could pay cash in my situation.

:bc:

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0 sympathy.  

I had a engineer that started working here in early 2022. 

In 2022, him and his wife bought and sold or bought 7 new cars. 

Yes, 7.

Turned in his notice and his last day was Friday.

The price of Teslas dropped, so they bought 2 Teslas.

He doesn't start his new job for 3 more weeks.

On Friday during his exit interview, begged to stay on for the 3 weeks until his new job started so he came make car and mortgage payments.

Tough shit, man.  

No our fault you traded a less then 2k mile Camry and less then 1k mile Rav4 for a $100k in Teslas with a $15k bath on the two Toyotas.

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8 minutes ago, racinfarmer said:

0 sympathy.  

I had a engineer that started working here in early 2022. 

In 2022, him and his wife bought and sold or bought 7 new cars. 

Yes, 7.

Turned in his notice and his last day was Friday.

The price of Teslas dropped, so they bought 2 Teslas.

He doesn't start his new job for 3 more weeks.

On Friday during his exit interview, begged to stay on for the 3 weeks until his new job started so he came make car and mortgage payments.

Tough shit, man.  

No our fault you traded a less then 2k mile Camry and less then 1k mile Rav4 for a $100k in Teslas with a $15k bath on the two Toyotas.

 

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