I think I mad a mistake. I can just return the car and get my money back, right?
>>28839509OP here, not sure if this matters but I'm trans btw
>>28839509Also, vegan.
>>28839509reddit thread
>>28839509>financing used cars
>>28839509>4 cylinder GLE with 50k miles>30k>10k of feesKek
>>28839509lmaö
>>28839531
>>28839509
>>28839509>Already had $20,000 to put down>Somehow has to finance more than that for a $32k car>Didn't just buy a $20k car outright >Didn't just buy a $10k car and invest the other $10kThis image demonstrates the rich getting richer, and the poor staying poor
>>28839509lmao at the fees when you could have bought second-hand
>>28839509Hahaha, just kys>$400/mo×75moHAHAHA KYS
>$50k for a $30,000 used mercedes mom mobile
Fucking kek, this is the car: https://www.capitalone.com/cars/vehicle-details/2020/Mercedes-Benz/GLE/350/4JGFB4KB3LA240437It's even a base 4cyl XD
>>28839509Do we know what retard bought it?Obviously not OP,
>>28839509> I can just return the car and get my money back, right?In California, you can return it within three days, yes.If you are in a lesser state, so sorry...
>>28839509someone explain this to a braindead retard. I get the car costs 31995. I get that the car plus the fees is 44852.55. 20k down so you owe 24852.55. But if you take 75 months and 428/month thats 32100. what are you multiplying .0849 by to get that much extra of a payment. so at the end of it all you would have paid 52k for a 32k car that actually cost 44k with added fees. i dont get it
>>28839742Judging by the $899 doc fee id guess that it is in fact california. (Theres set limits for every state and california is one of the highest).
>>28839743jews
>>28839743The interest is calculated daily on car loans, but you can do a monthly estimate.If you borrow $10,000 at 10%It applies 10% to the principle amount total.Let's assume:If Your first payment is $500$10K x 10%=$1,000$1,000/12 months=$83 a month interest.So $417 would go to the principal and $83 as interest to Mr Goldberg.Then the 10% would be applied $9,583 exe.There's a few more steps, but that's about it also something to consider when making extra payments:Extra payments are also part of the interest rate.If you paid extra on your loan 1 day before your payment was due, the extra amount would be also subject to the 10% interest.That's why I schedule extra payments the day after the payment goes though.So I'm paying like $2 extra in interest.
>>28839745No, CA is $85, one of the lowest ackthuallyOP prly Virginia, IIRC they're ~899/999
>>28839509Imagine financing the fucking whip just to fuck it up and get wear and tear on because cars are fucking stupid and cost money
>financing a depreciating assetdont tell me you do this anons
>>28839855Kek it's funny how people are shocked about muh klarna and people financing food for consumption, when financing a car to then consume and discard it is literally the same thing but more money and longer term.
>>28839745>>28839809Read the thread, damn, someone linked to the listing above, it's in NJ.
>>28839855nobody is buying anything remotely cool or new in all cash
>>28840149They could if money was actually worth shit without the money printer going brrr from all the debtfags
>>28839509Did you grab this from or post it on reddit?
>>28839509spent too much on dealer addons but the loan isn't THAT bad
>>28840187That's how they get you, the loan terms and everything looks gucci, but they add a bunch of stupid shit and next think you know you're $36,000 into a Honda that should be $31,000
>>28839509>8.49%god damn
>Americans don't have spare $30k LMAO
>>28840149>nobody is buying anything remotely cool or new in all cashChange that to AND instead of "or" and I agree. But most classic cars are bought for cash and classics are cooler than the majority of new cars.
>>28839509Based retards stay poor
>>2883950920k down on most cars seems like a really good amount. 20k down on 31k car seems great. So how exactly do you end up getting screwed so hard? I literally don't understand because I've never bought a car.
>>28840242The average American has less than $500 in savings. Good on OP for managing to save $20k, but he should've bought some $10k beater.
>>28839515trans people like me buy cars in 1 payment because we understand how sucky debt is. 75 months? that looks like straight cis male behavior.
>make up some bullshit fees and still his down payment
>>28839509Jesus christ will that benz even be running without major repairs in 75 months, I remember back in the day a fucking Honda Accord would go like 180 months before the "I have leaks shit worn out so I am now a shitbox" bomb would go off, nowdays you can have head gasket within 100 months because everything is just so poorly done now, 75 months on a newer benz means you must hate life.
>>28840624>will that benz even be running without major repairs in 75 monthsthe only smart thing OP did was buy the extended warranty. of course, that assumes the warranty isn't full of weasel words so they can blame OP for any issues and refuse to pay for repairs
>>28840149Speak for yourself
>>28839864Klarna is interest free. The issue with Klarna is completely different, namely how broke do you have to be to finance a fucking pizza and if you're that broke why are you even ordering food.
>>28839509>Spend an extra 10k on fees>Put a huge 20k down payment on 32k >Still have to finance 25k>Have to pay $450 a month for 72 months despite the huge down payment>On an used luxury carUsed luxury cars are supposed to be a good value for second hand owners because no one wants to risk having large repair bills.It supposed to depreciate a shit ton after warranty so you can pick up a six figure car for 20k.This is such a shit deal.
>>28839509what is the service contract? i think you should of only paid the tax and the doc fees. also cosmetic certification? that sounds like a scam because its like "yep its got cosmetics give me 3k"
>>28840842>dropped a house down payment on a depreciating asset
>>28839509there, i fixed it.
>>28840872But Anon, normies are allergic to paying cash for things
>>28839509This is fake.
>>28840926I fuckin wish, my mom once financed an $18,000 car for 20.99% over 72 months because I come from fucking shitheads.
>>28839509lol dumbass nigga
>>28839761Hi I am retard*. Could you explain more what you mean about this extra getting the 10% interest? On the personal loan i took once, payment above the scheduled was applied to principal. It was from a bank. I’ve not yet had a car loan from bank or stealership.*you can use a|p finance math, i’m a retard at the english part. And the part where I’m considering signing up for car slavery next year.
>>28841281Retard here, i figured it out. So because interest accrues daily (example 1000 a year = something like $3 a day) they always make you pay the interest first, so if main payment is on the first and extra is given on the 2nd you lose (slightly less than) $3 by waiting that 2nd day for the extra payment. Assuming that your financials are where you could pay both on day 1.
>service contract$4,845.00
>>28839509Could've been worse
>>28841316I fuckin hate tessies but that's not an astronomical amount of money in the realm of 510HP cars brand new.
>>28841320I agree it’s a good deal. Open diff tho
>>28839509>75 months>8.49%WHAT?! YOU GOT JEWED SO HARD!
>>28839509Yes you can.
>>28840842>Pay $75K for Niggan WHY?!?!?!
>>28839509Yeah you made a mistake. A smart man would go get a BMW X5
>>28841505Make sure it is B58 - worry free. More reliable than Toyota
>>28841565But Fox News told me only EVs explode?
>>28840232>god damnYeah, and that's the good rate. Normies are getting 12%-18%, and over 20% if they're a financially delinquent klarnatard.
>>28841746>Normies are getting 12%-18%On a car? I bought a car last year and they offered me 6.5% interest with no credit. Of course I just bought the car in cash because I'm not a retard, but if I had good credit they were going as low as 2%. Nobody is paying 12% interest on a car.
>>28842243>if I had good credit they were going as low as 2%No they weren’t. Trust me on that
>>28842306Ok, 2.49%, until like a week later. My car got a $1500 price increase just a week after I bought it because of certain events taking place in late January 2025.
>>28842316>as low asNobody gets that. Nobody.
>>28842306It's possible. 1.99% financing as incentive to get you to buy a slow selling car.
>>28842326Yeah, when I bought my most recent car, all the hybrids were a minimum of 7%, but if you bought an ICE or electric car, you could get 2% because nobody wanted to buy them.
>>28842324Plenty of people get that. I get every single advertised offer. Do you have <700 credit and basing it on your experience? kek
>>28840459>So how exactly do you end up getting screwed so hard? I literally don't understand because I've never bought a car.Here's what happened: The retard who bought the car in OP walked into the stealership and said, "I wanna buy this car, and I have $20k to put down on it," instead of pressing the salesman for the out the door price of the car. All that does is tell the dealership they should try to jew you out of more money on bullshit, since they make most of their profit on marked up service fees and selling the loan to a bank at a higher interest rate. The lender has what is known as a "buy rate," which is the base rate they offer the dealer for the customer's loan. The dealer then tacks on an extra 1-2% interest before getting you to sign on the dotted line, which is the "sell rate" of the loan. This is known as the "dealer reserve," and they pocket that extra money for acting as the middleman. So it's always in the dealer's best interest to get you to finance as much of the car's price as possible. You can use this to your advantage to get them to lower the line price of the car or waive some of their bullshit fees. They will try to claim stuff like the "doc fee" is mandatory, but you can just ask them to take the price difference off the selling price of the vehicle. Always focus on getting a low "out the door" price rather than a low monthly payment or high trade-in value for your old car. Telling the dealership you have a car to trade in before negotiating the out the door price of the new car will just make them raise the price of the new car accordingly. Your goal is to negotiate the best out the door price for the new car with as little money down as possible. Think of your trade-in as a separate transaction entirely. After you negotiate your out the door price of the car and buy it, go home and wait until it's time to make your first payment to the bank. It's at that point when you should pay off the car with your large down payment.
>>28842316>as low as>still not as low as you claimedThis is your brain on finance>>28842339No you don’t>my goy score is better than yoursNever had a credit card, never had a bank loan, never had credit or loans of any type, never had a passport, never had a mortgage and never paid rent. How does that “score” you dumb wagie?
>>28842353I already told you, I bought the car in cash, but had I good credit and wanted to finance, they'd give me 2.49%. The point is, nobody is paying 12-18% on a car loan. That'd be astronomically retarded, nobody would ever even consider it. Houses don't even get that much interest.
>>28842356>I bought the car in cash>they told me about what finance rate I would get>they discussed this with me despite me not ever taking out finance or wanting it >they told me about what rate I could get >it could be 2 percent>actually it wasn’t 2 percent it was 25 percent more than that but it happened>also I paid cash and they wasted their time talking to me about finance I didn’t want on a car I didn’t buy at a rate they weren’t offering to people like me
>>28839509$30k in debt at 8.5% is so fucking retardedWhats it like being a pathetic goyim?some jew is literally sitting on a pile of coins laughing at you right now
>>28842383>hey discussed this with me despite me not ever taking out finance or wanting itI did ask about it, because as everybody knows, walking into a dealership shouting "I'll pay cash for this car!" makes you a Class 1 Sucker. You got to play the Art of the Deal. When you get them agree on a low price, you flip the tables and say "actually, I'm not financing, I'm going to buy it outright!" and they get pissed and sell you the car for a few measly bucks of profit.
>>28839524>Financing any cars
>>28842390bonus points if you show up with shirt that has a little hole in it making them think you'll be another interest slave
>>28842400>t. angry stealership
>>28842400No I really did. Maybe it helped on the price, maybe it didn't, but I did ask about financing first and then bought it outright knowing I intended to do that all along. Researched how much the dealership pays for these cars later and they at best made a couple hundred bucks off me.>>28842407I went with my mom despite being in my 30s and I think it really helped with the pity/"we can really screw this guy" factor.
>>28842316>ai image
>>28842353So you know nothing and mouthing off trying to sound smart. Got it.
>>28842353>He doesn't leverage his creditlol
>>28842453>4.1m in assetsHow's that mega mansion treating you?
>>28840872>>28840852>>28840149>>28839509Any oldfags here remember LongPostGuy (LPG)? He worked at a cheap dealership and would tell stories of the absolute bottom-tier people coming in to buy cars with shit credit, no credit, or financing a 20 year old dodge neon for 20K
>>28842339My credit score is 845 and I wasn't able to get anything below 4.5% anon.With interest and bond rates being super high, you can't get sub 3% loans unless they are tracking on other costs.
>>28842525Based tales of the dealership
>>28842525Yup, have his PDF stored on maybe 3 different file systems so I don't lose them
>>28842344Not all loans allow you to pay it off within the first 6 months anon.My loan allowed early payments, but the bank still freaked out on me for paying $3,000 a month on the principle.
>>28842530can you send a link my way anon? I used to have it but its been long gone
>>28842525I got the PDF of all his stories somewhere
>>28842535I gotchu niggahttps://files.catbox.moe/olp2y2.pdf
>>28842562catbox seems brokenhttps://limewire.com/?referrer=pq7i8xx7p2
>>28842567>limewirewhat year is it
>>28842571I know but at least it uploaded, catbox gave me a link and then said it didn't exist.
>>28842526>My credit score is 845My dad works at Nintendo
>>28842576link doesnt work anon it just brings you to the upload page
>>28842751Fucking christ catbox needs to get their shit together because I don't know how else to share the pdf
>>28842757I mean the limewire link doesnt work
>>28842761I know but the usually functional catbox moe site is taking the upload, and then when U try to visit the link it gives, it says not found or whatever, really fucking stupid.
>>28842451I know that debt monkeys are idiots>>28842453I don’t have credit. You owe people, Jews, money. I don’t
>>28840149I financed my 2026 Civic Si solely to get a $500 rebate. Paid it in full once I had access to the loan on Honda Finance’s website. Through some kind of Jew witchcraft I ended up paying less in total than my sales contract. If anyone would like to try and figure it out, here’s what I did. I can’t make any sense of it.>Price of car $34096>Extended warranty/service contract $3295>rebate -$500>Doc fee $599.50>Taxes and license $575.50>Total $38066>read terms of warranty/service contract and requested refund. Since I already paid car off I had to confirm my refund with Honda>They confirmed, said my check will come by mail soon>check comes>$4918>???>Somehow means I paid $33,148 in totalGenuinely don’t understand how. But I’m not arguing it.
>>28842938>Cancelling extended warranty on his 1.5T engineYou're fucking crazy Anon, that's like a $5,000 head gasket job if it does the cold start misfiring thing when coolant pools on the cylinders when the gasket fails, it used to be warranties meant nothing on based Hondas but the new ones are failing as hard as a fucking Audi
>>28842943It has a 5/60k powertrain warranty I don’t care. I drive it 90 miles a day at highway speeds so never any short trips and maintain it more frequently than what Honda calls for, with zero plans of modifying it whatsoever. If after 60k miles it needs a head gasket, so be it. Then it’ll get upgraded as it’s apart to prevent it happening again. I’m not worried at all about it.
>>28842534That's true, you have to make sure there's no early payoff penalty before you sign the loan contract. My loan allowed me to pay up to $5k at once, but anything more than that and you had to call them to ask for a payoff quote or something like that.
>>28843115This. A friend of mine didn't read the fine print on his loan contract and found out a month later he couldn't pay it off. His used $28,000 Nissan suddenly became a $56,000 car.
>>28842763use something else man like mediafire or wetransfer
>>28842938>>Price of car $34096Should of put that money in a used 3 series
>>28843254Praying this fucking works.https://www.mediafire.com/file/46hubob7im12fjv/Tales_From_The_Dealership.pdf/file
>>28842938>34k>for a civic>not even a type rIs this really what the world's come to these days?
>>28843631hell yeah thanks anon
>>28843636That's what Hondas are going for, 28 grand for a sport civic, 29.5K for an Accord LX, it's actually amazing the cost isn't higher when you consider my shitty Honda Accord from eons ago with pretty much no features except power windows, an engine, and autotragic transmission went for the equivalent of 29 thousand dollars like an Accord does now.
>>28843636Civics today are the size Accords were 20 years ago.
>>28839855No. A bought a depriciated asset then threw all my money at the mechanic.
>>28843654They also have a ton of shit that 2000s kids would've dreamed of getting from the factory, playing music from the phone wireless, nice alloy wheels, nice looking car, cruised nice because it's not a shitty little car, got good gas mileage, The $28,000 Honda wants for a Civic sport with the reliable non turbo 150HP engine and 18 inch rims is fucking steal at being a nice little daily car>>28843657Barely Anon, I fucking wrenchlet everything and it doesn't cost as the freefall a car's value goes into after it's new, and I've got nothing against people buying new stuff, but people often don't factor depreciation into how much they're spending monthly, they just think "oh I'm paying 489 a month" and that's that, meanwhile depreciation is happening, monthly payment is happening, oh and the car needs maintenance too because it is still a car at the end of the day.
>>28840872Nope. $31995 is the finance price. If you want to pay cash it will have an additional market adjustment cost.
>>28843626I don’t want a piece of shit BMW, Arjoon>>28843636Is it nice living blissfully unaware of the price of new cars? A CTR was another 15k. I’m not paying $50k for a commuter.
>>28843626>Should of
>>28842747No joke anon, my credit score is 845.That's what they listed on my car loan.Idk what I did to get that high though.
>>28843626>used 3 seriesHe would have spent a $50,000 after repairing that BMW anon.You can't fool me.I know too many car guys who run BMWs.I know what they spend to keep those "ultimate driving machines" running.Sure they are mostly great when running.But when they don't run, hold your wallet.
>>28843631You've just been nominated as The Saint Of /o/.
>>28843631Perfect.I'll buy a 3 ring binder later and save it Green text didn't show up super well on black and white, but whatever.
>>28839761When I did extra payments, I called them up and said I wanted the extra payments to go to the principal.
>$5000 for service contractGood work getting that oil change price locked up for years.
>>28839509They don't call them stealerships for no reason.
>>28839509>1,258 dollars to register the car at the DMV which someone could do themselves>$4,845 "service" contract for some oil changes at 10k+ miles>3,990 for a fucking car washWe don't firebomb dealers enough
>>28847576Kek it's crazy how new car buyers pay that shit and than act like they took the dealer's asshole for a ride, the Nick Rochefort "I got a great deal, I killed the guy" meme is real, nothing wrong with buying a new car, but understand that there is no such thing as a "good deal" on a new car, it is extremely expensive because it is new.
>>28839509>I think I mad a mistake.You sure did lmao>I can just return the car and get my money back, right?Nope, it's too late. Don't overthink the consequences and pray the powertrain survives the duration of the loan. Also pic related, wtf cosmetic dealer ad-on cost $3k
If you have enough cash to afford the vehicle outright, and the cost of interest on your loan is less than what you’d make by just sticking that cash in a sp500 fund, why not finance
