Monthly payments

[DuraYuk]

While I was at the Iowa State Fair, I saw companies offering 84 month terms on financing riding lawn mowers.

there are some rv places that will do 30 years. You see those 200k+ sprinters ? #vanlife? Yeah those kids are financing for 15 to 30 years. With that said it all really is a means to the same end. For some a simple interest loan with a longer term could just be to hedge their bets, while simultaneously making the effort to pay it off before full term to not pay the extra interest. After all doesn't matter what you owe missed payments will be repoed all the same.

 

[Sparksalot]

Same.

But everyone knows everything because the saw it in the internet….

 

[Scott in AZ]

My recommendation is bring a spreadsheet like this with you, two columns bid and offer. I don’t have any problem with dealer asking for local market mark-up’s above MSRP but I sure think they should be transparent about them.

 

[07Burb]

I hear you. We are pretty much on the same page. It is really what you are comfortable with. I am the point of life where a auto note doesn't bother me one way or the other, 10-15 years ago I was pretty concerned if I saw a big balance on auto loans.

I am always a little miffed when someone pontificates that there is only one correct way to own vehicles. There are many correct answers here.

Reading through this thread tonight just became worth it because I got to see the word "pontificates" used in a sentence. I feel educated LOL

 

[Scott in AZ]

10% gains year over year is really nothing crazy. A diversified portfolio along with other assets easily surpasses 10% and you dont need to be a genius to do it. …. And doesn’t really need to be high risk either.

Didn’t Bernie Madoff say the same thing ?

 

[DuraYuk]

Didn’t Bernie Madoff say the same thing ?

Probably. He took all that easy boomer money. Which easy come easy go I suppose. Seems some are more predisposed to those types of financial scams.

Greater fool theory scams are rampant on social media. Usually targeting older folks.

 

[Sparksalot]

It's negotiation ... they ask for 40%, corporate counters with 15%, it ends up being 25%.

It's a laughable starting point.

 

[Vinnoto1]

I know everyone’s situation and deal is different but what’s an average monthly payment for a 23 Yukon XL SLE and SLT with 5k down and great credit score. Lease and finance. Just trying to get an idea.

I’ve used this calculator when working out a deal. It’s nice and easy to operate and get an estimated payment.

Auto Loan Calculator

Free auto loan calculator to determine the monthly payment and total cost of an auto loan, while accounting for sales tax, fees, trade-in value, and more.

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