$45K loan on a $27K car

Discussion in 'The Okie Corral' started by HalfHazzard, Nov 10, 2019.

  1. HalfHazzard

    HalfHazzard Trump Sucks

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  2. RenoF250

    RenoF250

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    Wow, geniuses.

    I buy used cars cash. They work fine. I get in other people new cars and think how much they cost and just wonder why?
     
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  3. Ramjet38

    Ramjet38 Mentally Frozen

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    Some pepoles don't do math.
     
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  4. Lagamor

    Lagamor

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    Had a friend that did the same thing. I never understood his logic, but he had a great truck and boat.
     
  5. Upgrayedd

    Upgrayedd

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  6. wjv

    wjv RIP Stan Lee.. . .

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    4 cars in 2 years.

    No where did the article blame the buyers for POOR CHOICES.



    Sent from my LG-M430 using Tapatalk
     
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  7. pittpa

    pittpa What did I come in here for?

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    I wonder if he got ripped off on the interest rate as well.
     
  8. glock_collector

    glock_collector

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    A buddy of mine buys a new truck about every 2 years, puts maybe 5-7k on them , never drives in the winter.....if ya listen, the drivvel he spews about "making money" when he trades them in is unbelievable....every penny is financed, and every one has all the bells and whistles combined with some aftermarket upgrades. Not possible.
     
  9. OGW

    OGW SAF

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    Liz will get those auto loans forgiven along with student loans.
     
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  10. Glock 17L

    Glock 17L Glock 24 & 26

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    Drive em till the wheels fall off fellas..
    45K would buy a nice rental house..

    Now to talk about something important
    LUNCH
     
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  11. astepup

    astepup

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    Old adages become old adages for a reason....

    "A fool and his money are soon parted".
     
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  12. Ordell Robbie

    Ordell Robbie Giant Member

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    I have some buddies that razz me about my 16 year old Tundra just because it's "old", they ignore the fact that it's in really good shape. Meanwhile, they are all upside down on tricked out 3/4 tons...
     
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  13. WeeWilly

    WeeWilly

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    It is kind of a prima facie case of predatory lending, loaning to someone with an IQ of an amoeba.. more bad bankers. :)

    I have to laugh when I see Ally advertisements. Their motto should be, “ thanks suckers!”
     
    Last edited: Nov 10, 2019
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  14. rotorhead1026

    rotorhead1026

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    The lendee thinks he’s doing great. His monthly payment is really low. :rolleyes:
     
  15. Blanton

    Blanton

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    POOR choices? More like Dumb Ass choices:animlol:
     
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  16. Lt. Donn

    Lt. Donn PSO Survivor. currently in NW Georgia

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    There is a reason why Dave Ramsey stays so busy...and after taking his courses, many folks just think: gosh that really was not complicated...why didn't we do that to begin with ?? short answer; 1. no one educated them about financing and 2. I see, I want, I buy...that is the mentality which keeps the lenders in business.
     
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  17. Kalmah

    Kalmah Supreme Member

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    It's always the greedy bank's fault.
     
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  18. Barry581

    Barry581

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    I spent 10 years in the retail auto/motorcycle industry and can't tell you how many people I saw do crap like this. I'd be sitting there thinking thank God there are morons like this to help me make such a good living. In some ways I felt sorry for them being so stupid, but in the end no one held a gun to their heads and made them do it.

    Best one ever was a couple who came in to the Toyota store where I was working as a sales manager. His wife had insisted on purchasing a Chevy Equinox about a year before, while he said get a Toyota. Well, after that first year of her hating the Equinox and the various issues it had, she decided she wanted a Toyota. She picked out a nice RAV4 and they sat down to work the deal. They were over $10K upside down on the Equinox. The husband calmly sat there and said pretty much nothing, while she's whining and moaning. The deal is what it is, and realistically we didn't want the Equinox, so I told them that was it for the deal. The husband finally speaks up and tells the wife, "maybe the next time you'll listen to me and won't make a $10K mistake". He stroked a check for the negative equity and financed the RAV4. She was pretty quite the rest of the time they were there.
     
  19. G30SF/F-250

    G30SF/F-250 Pinky Out Platinum Member

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    Was she hawt?
     
  20. HalfHazzard

    HalfHazzard Trump Sucks

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    Yes, major details to the story are missing...
     
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