on my $70,000 truck I traded in 2 cars my 98 cobra and my 2009 envoy denali, so that gave me $26000 down but went with the 72 months so I could add more to the Raptor that I wanted and I get a little breathing room, anyhow we do pay off the cars when we can a head of time, but still my payment is $622 a month. That is still huge payment with $26,000 down, after I get it fixed I owe $13,000 on my Raptor and it is worth about $46,000 so I am not upside down.
More than half of all new car loans in Canada financed for 84 months
- Thread starter Serpent
- Start date
Same buyer that is usually upside down doesn't maintain it and can't afford repairs in year 4 and 5.
Sent from my iPhone using svtperformance.com
Sent from my iPhone using svtperformance.com
hey, long as I got some of Barry's approval, I'm good. hahahaha
completely understand.
Income levels of new car buyers is being outpaced by the rising prices of new cars.
Simple. That’s the only reason for longer loans.
Sucks, but ‘Mercia!!
Sent from my iPhone using svtperformance.com
Simple. That’s the only reason for longer loans.
Sucks, but ‘Mercia!!
Sent from my iPhone using svtperformance.com
Get a 15-18 used one with low miles already took the depreciation. You could also get the Flood ford esp or a certified pre-owner.
Sent from my iPhone using Tapatalk
same thing I did with my truck.
New it was $65k.
16 months old, with 28k miles, I paid $37k.
Your truck is sharp Zemedici. I paid $31,400 plus ttl for my 2015 with 22K miles. New it was 50K.
Sent from my iPhone using Tapatalk
This is the way to go for those of us that don't have to have brand spanking new. You can get a less than 2 year old loaded Platinum|Unlimited for the cost of a new XL|XLT.
Dump that sand out of your diaper.
Except it’s been going on for decades.
This is not new.
Sent from my iPhone using the svtperformance.com mobile app
This is basically what I was gonna say. There are plenty of people that don't comprehend a need vs a want or they figure they're so far in debt they no longer care. They can kinda sorta afford it on an 84 month note to whatever. A girl I knew in college borrowed like 5k from her parents to put down on her big ass, loaded Toyota SUV she had zero need for and financed the remaining 50+ for 72 months or something similarly ridiculous (dont think 84 was a thing back then).
maybe I'm wrong but I feel like most people doing this aren't taking that money and paying off bills or investing it something netting a higher return than the rate on the loan.
I did the 84 month on my Roush and my current truck.
I LOVE doing the 84 months!! I get a much lower monthly payment. The Roush was paid off in two and a half years and my truck is probably a year away from being paid off, in which I got the loan in December of 2015.
I LOVE doing the 84 months!! I get a much lower monthly payment. The Roush was paid off in two and a half years and my truck is probably a year away from being paid off, in which I got the loan in December of 2015.
GAP and extended warranties have their place, and a 84 month loan is one of them.
you are the exception bud, as far as paying them off way early. I am betting most folks either trade them upside down or go to term. I always pay a few hundred over the note, just to get the principle down, paid off early.
Yeah,....if I couldn't pay them off early, I would definitely pay more every month. That's the way to go for sure.
Hmmmmmm,............order a Trackhawk or order a Z07?!?!? lol
Yeah,....if I couldn't pay them off early, I would definitely pay more every month. That's the way to go for sure.
Hmmmmmm,............order a Trackhawk or order a Z07?!?!? lol
That's a tough call, terrify just one buddy or all of them at once
Problem with low interest rates through like Ford Credit, is you don’t get the huge discounts like I got on mine. At least that’s the way I understand it.
Users who are viewing this thread
