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Sig P320 goes off on it's own again...
That's gotta be with some pretty sheedy credit.If you're carrying debt on a vehicle you're not pinching pennies very well in my opinion. The interest per year on a $50K vehicle is $7-10K and then the increased insurance rates on a bank owned vehicle on top of that.
No.That's gotta be with some pretty sheedy credit.
14%
For a car loan?
Yeah. That's a bit high. I was curious yesterday. It looks like 5% with a perfect credit score. 4yr note on $40,000 puts you around $5k in interest if I recall correctly.For a car loan?
Sounds more like it. I haven't done a car loan in decades but it seems to me I got 4% at a credit union. Still, a grand or more a month just in interest for a nice car. Ouch.Yeah. That's a bit high. I was curious yesterday. It looks like 5% with a perfect credit score. 4yr note on $40,000 puts you around $5k in interest if I recall correctly.
In the end, if you drive a new car until it dies, $5k over 20 years really isn't that bad. But holy cow. I've got a buddy that took like a seven year note on a diesel.Sounds more like it. I haven't done a car loan in decades but it seems to me I got 4% at a credit union. Still, a grand or more a month just in interest for a nice car. Ouch.
If you need 7 years to pay it off, you bought the wrong truck.In the end, if you drive a new car until it dies, $5k over 20 years really isn't that bad. But holy cow. I've got a buddy that took like a seven year note on a diesel.
I bought a car that was $38K three years ago and financed it thru my credit union. I took a 5 year loan and paid it off in about a year.Yeah. That's a bit high. I was curious yesterday. It looks like 5% with a perfect credit score. 4yr note on $40,000 puts you around $5k in interest if I recall correctly.