Loan terms?
60 months, 3.19%
gross he bought it on finance, biggest mistake ever.
should of never bought it if you couldnt afford it. Financing garbage that depreciates like cars will keep you poor, imo get out and retunr it while you still can. you've made a huge mistake and dont know it yet.
lets not call it "the biggest mistake ever" it is only 1100 in finance charges and I have the cash I just rather have it on hand for a rainy day or invest it and make more than 3.2% with it.
I will probably just pay it off within a year anyways
its not worth it. Even if you hold the cash you got 60 months.
60 months =5 years is a very long time. I dont think you thought this through, just pay back sub year for sure. No point in financing what you can pay. you arent going to invest it, you just like sitting on big wads of cash but you are paying 3.2% of what you owe to do it, thats not a good deal. The i can make more money by using free capital on something else is a good argument but you know deep down you have no intent to throw that money into a market that is already down. So you'll just be sitting on it instead.
IMO if you had the cash it would of been an easy bargaining tool to walk out of the dealer debt free and a way better price.
The borrower is slave to the lender.
literally everyone finances everything
rich get richer, the poor get poorer.
this is how our economy works, refpsi is a moron
Play fortnite to stop being poor
The only thing I have to say is that you should’ve fought or shopped around for a way lower apr on a 5 year loan like that. Like you could easily get sub 2.99% with a 700+ credit score or just gone for something like a 2-3 year loan instead so you pay less interest.
I would have to shop around credit unions and i am limited with time. Going from 3.2% to 2.99 is like $70...
What kind of apr can I get with a 345
A rope
When I signed my mom's apartment lease they called my work because they thought my paystubs were faked lol
We’re they faked
No
No
Refspi is right per usual