Over 1,000,000 US Consumers Behind On Car Loan Payments
- Thread starter roots69
- Start date
Let me pick up a 2016 S550 for the cheap
Financial advisors would suggest not getting a new car that comes with payments of $300 to $500 unless you can afford to pay significant portions of the principle monthly. You should also have a reserve of six months to help with those payments.
Otherwise get a hooptie.
Otherwise get a hooptie.
You all missing the bigger picture.
The economy is fucked
Remember what happened in 2006-2007?
They were offering cars with payment terms like, don't pay in the first 12 months etc
Also inflation risks are high and the Fed is going to push up interest rates
Watch housing as well
Stack money right now
The economy is fucked
Remember what happened in 2006-2007?
They were offering cars with payment terms like, don't pay in the first 12 months etc
Also inflation risks are high and the Fed is going to push up interest rates
Watch housing as well
Stack money right now
all mine are bought outright cash except for my wife's current lease and a infiniti i bought last year but i paid that off within 10 months
And there will be money to be made during this time
everything will be on sale including stocks
So don't forget stocks appreciate way faster than other assets post recession
Been there done that. Nothing like not having a car note....I just can't go back.
My next car gonna be bought outright at the dealership and I want free maintenance kiss my ass so what!
My next car gonna be bought outright at the dealership and I want free maintenance kiss my ass so what!
2018, and people don't understand a car is one of the poorest investments a man can make in his lifetime. All you really need transportation for is to get from A to B, unless you are using it for a business where you can write it off. The weekend warriors aka weekday cowards aka paper slaves are good for working 7 days a week to drive a car to church, or riding around in circles in their metro area 1 or 2 days a week with their so called "toy".
Also, expensive whips attract the wrong kind of chicks and friends. People with real money usually don't want other people to know they have money,that keeps the gold diggers and beggars away.
Also, expensive whips attract the wrong kind of chicks and friends. People with real money usually don't want other people to know they have money,that keeps the gold diggers and beggars away.