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Americans borrow record amounts for auto loans even as interest rates rise


hegemony
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Mee TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

 

 

In the fourth quarter, the average monthly payment for a new vehicle hit an all-time high of $515

 

That's a lot of coin for a monthly payment my office rent is 780 WOW

Edited by nosup4u
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Still $0 on this end.

My dear sister just financed $32,000 @ 8.9% for 84 months. :swoon:

 

I was livid when I found out.

 

She had ~ 16 months left until Lease End, @ $340/mo - No damage, under miles, $0 disposition. (I got her into the Lease, post BK7)

 

I'm fairly certain she rolled $5 or $6 grand into the deal.

 

When I asked her WTF she was was doing... "Well, you didn't answer your phone. So I just went with it."

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I did finance the most recent purchase, but it was basically free money (and more than $30K off sticker, with the dealer trailering it to me from several hours away). I have it at 60 months, but I doubt the note will still be alive at that juncture since I am pushing ~$1500 a month at it. All four of the others are owned free and clear.

 

And for those that know me and might be wondering...yes, it DOES have three pedals. If not for that, I would never have considered adding it to the stable.

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Still $0 on this end.

My dear sister just financed $32,000 @ 8.9% for 84 months. :swoon:

 

I was livid when I found out.

 

She had ~ 16 months left until Lease End, @ $340/mo - No damage, under miles, $0 disposition. (I got her into the Lease, post BK7)

 

I'm fairly certain she rolled $5 or $6 grand into the deal.

 

When I asked her WTF she was was doing... "Well, you didn't answer your phone. So I just went with it."

 

aww damn!! she didn't text you LOL

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I did finance the most recent purchase, but it was basically free money (and more than $30K off sticker, with the dealer trailering it to me from several hours away). I have it at 60 months, but I doubt the note will still be alive at that juncture since I am pushing ~$1500 a month at it. All four of the others are owned free and clear.

 

And for those that know me and might be wondering...yes, it DOES have three pedals. If not for that, I would never have considered adding it to the stable.

if you are going to have a toy... 3 pedals is a must... what the hell are you supposed to do with your left foot and right hand when driving?

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Still $0 on this end.

My dear sister just financed $32,000 @ 8.9% for 84 months. :swoon:

 

I was livid when I found out.

 

She had ~ 16 months left until Lease End, @ $340/mo - No damage, under miles, $0 disposition. (I got her into the Lease, post BK7)

 

I'm fairly certain she rolled $5 or $6 grand into the deal.

 

When I asked her WTF she was was doing... "Well, you didn't answer your phone. So I just went with it."

 

 

At some point you have to let them go and do what they will...

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