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MyFako Condones this Crap

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10 hours ago, scott31337 said:

I must be weird, I enjoy renting a Rav4 and actually would pick it vs a Jeep or other choices. It practically drives itself. :) 
 

 

I'm with you; Jeep or Hyundai is a step down from the vanilla bean Yota.

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10 hours ago, scott31337 said:

I must be weird, I enjoy renting a Rav4 and actually would pick it vs a Jeep or other choices. It practically drives itself. :) 
 

Much depends on whether it has to be new and also what the intended use would be...I would much rather have one of the older Wranglers (or better, a Scrambler) with the V8 and twin-stick manual.  Those things will go damned near anywhere (which is, of course, why the winch is a must-have).  The new ones...filled with bloat and cannot be optioned new in a manner that makes sense. 

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APPROVING BANK: Kia Motors 
BUREAU PULLED: Equifax
CREDIT SCORE: 741

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: KIA

MODEL: Sportage S Nightfall Premium
MILEAGE: 12
FINANCE/LEASE: Finance

PURCHASE PRICE: 33397.68
AMOUNT OF LOAN: 30500
TERM CONTRACTED: 72
APR/LEASE RATE: 0.9
MONTHLY PAYMENT: 434.69
ANNUAL INCOME: 42k

 

$30k on a KIA making 42k! Another winner...

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3 hours ago, scott31337 said:

Sportage S Nightfall Premium

Sounds like a video game. 
“Nintendo Switch Sportage S Nightfall Premium Edition” Limited Edition, pre-order your copy today!

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You did it even better eh? $791 payment on 50k income, but I'll have it paid off in 2-3 years...
If you have a 2021 car and no life, I could believe it. But I doubt you would've bought this then...

 

APPROVING BANK: Navy Federal CU
BUREAU PULLED: TU
CREDIT SCORE: 716

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: VI
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Toyota 
MODEL: RAV4 Adventure 
MILEAGE: 9
FINANCE/LEASE: Finance 

PURCHASE PRICE: $42,163
AMOUNT OF LOAN: $42,163
TERM CONTRACTED: 60
APR/LEASE RATE: 4.69%
MONTHLY PAYMENT: $791.24
ANNUAL INCOME: $50k
DEBT TO INCOME RATIO: 5% (before car loan)
MISCELLANEOUS COMMENTARY: Cars in the VI are a lot more expensive. Planning on paying this off in 2 to 3 years max.

 

Started over because life happens.
I did it again even better this time. My highest score last time was 680
62749iA47C118690AE79C4

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9 hours ago, scott31337 said:
You did it even better eh? $791 payment on 50k income, but I'll have it paid off in 2-3 years...
If you have a 2021 car and no life, I could believe it. But I doubt you would've bought this then...

 

Quote

 

APPROVING BANK: Navy Federal CU
BUREAU PULLED: TU
CREDIT SCORE: 716

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: VI
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Toyota 
MODEL: RAV4 Adventure 
MILEAGE: 9
FINANCE/LEASE: Finance 

PURCHASE PRICE: $42,163
AMOUNT OF LOAN: $42,163
TERM CONTRACTED: 60
APR/LEASE RATE: 4.69%
MONTHLY PAYMENT: $791.24
ANNUAL INCOME: $50k
DEBT TO INCOME RATIO: 5% (before car loan)
MISCELLANEOUS COMMENTARY: Cars in the VI are a lot more expensive. Planning on paying this off in 2 to 3 years max.

 

Started over because life happens.
I did it again even better this time. My highest score last time was 680

 

 

 

If that monthly debt load of roughly $200/mo (5% DTI ratio, $50k ann inc) includes housing payment (the ratio is useless, if not), then I have to interpret "Starting over" to mean crawling back to his/her mother's womb. 

 

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2020 in a nutshell... claims to make >300k but needs 6 years to pay off an overpriced used car at 5% APR.

 

APPROVING BANK: Porsche Financial Services

BUREAU PULLED: Equifax

CREDIT SCORE: 713

CUSTOMER STATE OF RESIDENCE: FL

NEW/USED: Used CPO

YEAR OF VEHICLE: 2016 [so built almost 6 years ago]

MAKE: Porsche

MODEL: Panamera GTS

MILEAGE: 29k [that's about 70k on another brand]

FINANCE/LEASE: Finance

PURCHASE PRICE: 67995

AMOUNT OF LOAN: ~$69k

TERM CONTRACTED: 72

APR/LEASE RATE: 4.99%

MONTHLY PAYMENT: $1050

ANNUAL INCOME: $316k

DEBT TO INCOME RATIO: 25%

MISCELLANEOUS COMMENTARY: I should’ve put more down but Porsches generally hold their value well. With CPO warranty for 2 years and Covid work from home life equating to less driving, I hope to not depreciate it this by a ton before trading in for a 911 lease when CPO warranty expires. I probably throw some cash at the principal at some point.

 

 

ETA: same poster that owns this from last month:RuMTlqY.png

Edited by hegemony

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Note to self:  Take a break from CB (particularly the myFICO thread) next year during the holiday season!

 

< Reading "stupid people tricks" narratives actually depresses my mood around this time of year >

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4 hours ago, hdporter said:

Note to self:  Take a break from CB (particularly the myFICO thread) next year during the holiday season!

 

< Reading "stupid people tricks" narratives actually depresses my mood around this time of year >

you  just determined my New Years Resolution: no myfako!!!!!

 

 

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5 hours ago, hegemony said:

2020 in a nutshell... claims to make >300k but needs 6 years to pay off an overpriced used car at 5% APR.

 

APPROVING BANK: Porsche Financial Services

BUREAU PULLED: Equifax

CREDIT SCORE: 713

CUSTOMER STATE OF RESIDENCE: FL

NEW/USED: Used CPO

YEAR OF VEHICLE: 2016 [so built almost 6 years ago]

MAKE: Porsche

MODEL: Panamera GTS

MILEAGE: 29k [that's about 70k on another brand]

FINANCE/LEASE: Finance

PURCHASE PRICE: 67995

AMOUNT OF LOAN: ~$69k

TERM CONTRACTED: 72

APR/LEASE RATE: 4.99%

MONTHLY PAYMENT: $1050

ANNUAL INCOME: $316k

DEBT TO INCOME RATIO: 25%

MISCELLANEOUS COMMENTARY: I should’ve put more down but Porsches generally hold their value well. With CPO warranty for 2 years and Covid work from home life equating to less driving, I hope to not depreciate it this by a ton before trading in for a 911 lease when CPO warranty expires. I probably throw some cash at the principal at some point.

 

 

ETA: same poster that owns this from last month:RuMTlqY.png

Anyone who buys this model for the price indicated and actually makes 300k+ and has to finance for 6 years shows that there is very little correlation between income and brains.

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11 hours ago, hegemony said:

you  just determined my New Years Resolution: no myfako!!!!!

 

 

I’m calling your bluff.

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9 hours ago, hegemony said:

^^^ 12 days and counting!!

What’s the over/under on how long this lasts?

We should start a pool.

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13 hours ago, DPB said:

What’s the over/under on how long this lasts?

We should start a pool.

thus far, I am sleeping better at night.

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