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+--- Thread: Automotive News Discussion (/showthread.php?tid=10527)
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RE: Automotive News Discussion - JPolen01 - 12-19-2018
Nailed it with the adjusted inflation price. A W/T should be under $20k in my opinion.
Even Chevy is over $22k on a 2018 W/T - https://www.cars.com/vehicledetail/detail/742636907/overview/.
RE: Automotive News Discussion - D_Eclipse9916 - 12-19-2018
Trucks and especially used trucks are hot right now. 84 month loans are not helping.
RE: Automotive News Discussion - JPolen01 - 12-19-2018
I would see people stretching themselves on used cars at Mid Atlantic when I worked there all the time. Taking out 72 month loans. I thought that was insane. 84 is even worse.
Automotive News Discussion - ViPER1313 - 12-19-2018
Relevant - https://www.caranddriver.com/features/what-ever-happened-to-the-affordable-pickup-truck-feature
Automotive News Discussion - ViPER1313 - 12-19-2018
(12-19-2018, 10:59 AM)JPolen01 Wrote: I would see people stretching themselves on used cars at Mid Atlantic when I worked there all the time. Taking out 72 month loans. I thought that was insane. 84 is even worse.
Want a 108 month term? http://www.greatmeadowfcu.org/personal-banking/member-lending/auto-loans-services/auto-loans/
RE: Automotive News Discussion - BLINGMW - 12-19-2018
Lord. Anything beyond 4 years is a bad idea, especially given that interest rates are usually higher on the 60 month and up offers.
Automotive News Discussion - rherold9 - 12-19-2018
Diesels are about the only trucks worth a longer term loan if you don't care about pay more interest. They'll most likely hold their value.
I've had my truck for over a year and have put about 13k miles on it. Still worth the same amount as when I bought it.... So yeah may as well buy new and wait for incentives. I'm seeing 8-12k off brand new 2018-2019 trucks for year end deals...
Sent from my Pixel 3 using Tapatalk
RE: Automotive News Discussion - Sijray21 - 12-19-2018
wow... 9 years on a new car and 7 on a used car... wtf...
RE: Automotive News Discussion - .RJ - 12-19-2018
that's bonkers, but I dont even have a car payment so....
RE: Automotive News Discussion - ScottyB - 12-19-2018
(12-19-2018, 11:26 AM)Sijray21 Wrote: wow... 9 years on a new car and 7 on a used car... wtf...
gotta pay to play the Look Successful Even If You're Underwater game. its a national tradition.
RE: Automotive News Discussion - Senor_Taylor - 12-19-2018
I have a 72 month on the Gti...
Automotive News Discussion - JPolen01 - 12-19-2018
(12-19-2018, 05:36 PM)Senor_Taylor Wrote: I have a 72 month on the Gti...
Not even we believe this. You've had better trolls...
RE: Automotive News Discussion - rherold9 - 12-19-2018
(12-19-2018, 05:36 PM)Senor_Taylor Wrote: I have a 72 month on the Gti...
Not even 84 months?
![[Image: you-gotta-pump-those-numbers-up-those-ar...070070.png]](https://pics.me.me/you-gotta-pump-those-numbers-up-those-are-rookie-numbers-30070070.png)
RE: Automotive News Discussion - Senor_Taylor - 12-19-2018
(12-19-2018, 06:10 PM)JPolen01 Wrote:I'm dead ass serious. Wanted less obligation on the monthly payment. I'll pay extra when I want.(12-19-2018, 05:36 PM)Senor_Taylor Wrote: I have a 72 month on the Gti...
Not even we believe this. You've had better trolls...
Sent from my Pixel 3 XL using Tapatalk
RE: Automotive News Discussion - Sijray21 - 12-20-2018
i can believe 72mo for the loan. if the interest rate is low it makes some financial sense. a very fiscally conservative coworker took out a 72mo loan on his Accord Coupe 6spd because it was 0% interest.
i took out a 60mo loan on my GTI when i first bought it. The interest rate was low and after that was when i learned how important it was to not take out car loans that long (hell, it didn't even really hit me how important that was until a few years ago). It was nice having a nicer/new car though with the latest tech.
Different strokes for different folks though. i now prefer positive monthly cashflow, which makes me very hesitant to take out another loan.
RE: Automotive News Discussion - .RJ - 12-20-2018
long loan terms at low interest are fine IMO. higher interest over 5+ years means you're spending a lot of extra money to own the car.
But the 84-96 month loans seem too far? But maybe if you do the math and its fine, and you have a decent down payment and yore never upside down on it?
Automotive News Discussion - ViPER1313 - 12-20-2018
I would definitely take out a 96 month loan @ 0% interest. Too bad that is not a thing.
RE: Automotive News Discussion - JPolen01 - 12-20-2018
I'd like to see the difference in interest rates from a 60-72 month loan.
RE: Automotive News Discussion - Jake - 12-20-2018
The thing is, I bet a lot of people who are doing these 84+ month loans are putting as close to $0 down as possible. I'm in a Facebook group and we've seen it there a LOT with members or their siblings. One guy's sister bought a brand new Jeep Renegade a few years back for not-much down, 84 months, and proceeded to both run it into a bunch of things and rack up like 30k miles a year on it. It now has high mileage, is beat to death, is dirty as fuck inside, and she wants to buy a new car but cannot comprehend why it's worth almost nothing.
Automotive News Discussion - ViPER1313 - 12-20-2018
![[Image: 1032f53cc4735d0d15d6d1f757929b4b.jpg]](https://uploads.tapatalk-cdn.com/20181220/1032f53cc4735d0d15d6d1f757929b4b.jpg)
![[Image: d857816452fdf6686f4ecf20a84fde77.jpg]](https://uploads.tapatalk-cdn.com/20181220/d857816452fdf6686f4ecf20a84fde77.jpg)
![[Image: c777295319c47bca69041edbdce977ce.jpg]](https://uploads.tapatalk-cdn.com/20181220/c777295319c47bca69041edbdce977ce.jpg)