Redpill me on car financing - /biz/ (#60508507) [Archived: 1098 hours ago]

Anonymous ID: nDm2wtZ0
6/16/2025, 3:34:57 AM No.60508507
Screenshot 2025-06-15 at 6.22.44โ€ฏPM
Screenshot 2025-06-15 at 6.22.44โ€ฏPM
md5: e001314c69b5c132c94916d1d0f4ce7f๐Ÿ”
tl;dr: need new car. also need to finance it. I'm not going to _not_ finance it so don't try to convince me otherwise.

just mainly need to know what to expect before I go to the dealer because I don't really feel like getting molested.
Replies: >>60508517 >>60508520 >>60508790 >>60508898 >>60514068 >>60514100 >>60514418 >>60514577 >>60515390
Anonymous ID: VzcbNZGu
6/16/2025, 3:36:29 AM No.60508509
just buy a used car for like $3000 anon it's really not that hard
Replies: >>60508515 >>60512156 >>60513989 >>60514102 >>60515244 >>60515254
Anonymous ID: nDm2wtZ0
6/16/2025, 3:37:46 AM No.60508515
>>60508509
I'm not 20 years old. I make enough money to drive a decent car.
Replies: >>60508520 >>60508691 >>60513989 >>60514525 >>60514746
Anonymous ID: O1sQIxm7
6/16/2025, 3:38:23 AM No.60508517
>>60508507 (OP)
The dealer is going to give you a shitty fucking interest rate, get a loan somewhere else or buy a cheap used car from somebody
Replies: >>60508640
Anonymous ID: kmHixWnM
6/16/2025, 3:40:53 AM No.60508520
>>60508507 (OP)
>I'm not going to _not_ finance
>>60508515
>I make enough money to drive a decent car.
No you do not poorfag but go make your mistake so we can laugh.
Replies: >>60508541
Anonymous ID: nDm2wtZ0
6/16/2025, 3:49:07 AM No.60508541
>>60508520
thanks I'll go to reddit where the average net worth is much higher than this place.
Replies: >>60508552
Anonymous ID: kmHixWnM
6/16/2025, 3:54:33 AM No.60508552
>>60508541
please do
Anonymous ID: wZE+wlvv
6/16/2025, 4:13:42 AM No.60508598
Screenshot_20250317-215004
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md5: 88353f124914524559fb6ca60a02d4fa๐Ÿ”
Put as much down as you can.
Look the numbers over carefully. Some dealers will try to get you to look at the total all in price while others will focus on your monthly payment. You should know both. There is always room to negotiate your rate. Most big dealers have good rates but it doesnt hurt to check with your bank to see if they can offer you something better. Then you can leverage that at the dealership. Get them to throw in something for free. Better mats, roof rack, tints. Get something from them.
Replies: >>60508640
Anonymous ID: a2V7740n
6/16/2025, 4:22:31 AM No.60508615
If you need a car right this second I would suggest leasing a Kia Sportage. The leases are dirt cheap and they can do 2 year leases vs the standard three. Compare it to buying a used car and you will find it to be a good deal.
Replies: >>60508640
Anonymous ID: nDm2wtZ0
6/16/2025, 4:33:57 AM No.60508640
>>60508517
>>60508598
good advice. thanks anons.

since the rates are influenced by the fed, and there being talk about jpowell potentially being replaced, trump wanting lower rates, yada yada, do you think it makes sense to wait a little?

>>60508615
>kia
I haven't heard of this brand until like 4 years ago and I heard they are the most common to cars to steal. is this basically a honda?
Replies: >>60508779 >>60510854 >>60514093 >>60515390
Anonymous ID: 5Lw3k4cF
6/16/2025, 4:59:19 AM No.60508691
>>60508515
jeff bezos drove a honda civic well into being a millionaire.
buy a $3000. youre not impressing anyone with whatever your thinking of getting and the $3000 car will get you there just as well. find a 2000s toyota or honda
Replies: >>60514431
Anonymous ID: a2V7740n
6/16/2025, 5:48:38 AM No.60508779
>>60508640
Kia has been around a long time. I bought a brand new Kia Rio in 2001. At the time it was the cheapest automatic available new. Later they merged with Hyundai. They don't compare to the quality of Honda and Toyota. That said you can get some very good deals.
Anonymous ID: NwRPdVoZ
6/16/2025, 5:54:26 AM No.60508790
>>60508507 (OP)
If you can't afford to buy a car outright, you can't afford to buy a car. This is the truth and the same with anything else you need a loan to afford.
Replies: >>60508800
Anonymous ID: a2V7740n
6/16/2025, 5:59:00 AM No.60508800
>>60508790
The reality is this Dave Ramsey bullshit is a great idea, but doesn't work. Take myself for example. At the moment I wouldn't have enough money to get a car without a loan or lease. I am saving. But if my car died I have to get one now to go to work. If I can't go to work then I can't save for a car.
Replies: >>60510833
Anonymous ID: JNOYg2B9
6/16/2025, 6:45:14 AM No.60508898
17500347160798406
17500347160798406
md5: 5320ac6a68e3b4b841bd5987f7e86b7b๐Ÿ”
>>60508507 (OP)
Cars? Nah just stack piss.

>6oynJRMH8xuU4A4fbpS82XwPpwKM3WWts88zquuY9tUT
Anonymous ID: dRWqT31t
6/16/2025, 5:39:20 PM No.60510833
>>60508800
fair enough, but retards will take this to retard tier and buy a 50k dollar car on 80 month financing.
Don't be retarded.
Finance a 10k dollar car for 48 months. Their are literally thousands of hondas and toyotas on autotrader/carguru/carvana/carmax/edmunds, finance if you must, don't let it be an excuse to get into a retarded situation.
Anonymous ID: dRWqT31t
6/16/2025, 5:44:31 PM No.60510854
>>60508640
>it makes sense to wait a little?
its anyones guess honestly, it even if jpow is out, we could go to total war with Iran by 3 PM and who the fuck knows that rates do after that.
People waited on buying houses because they though they were also going to be able to get a 3.5% mortgage....
Do whats necessary, you can always try and refis the autoloan if rates drop in a massive way, but really the best strategy is to buy something you can easily afford and just pay extra, this drops interest paid dramatically over life of loan, just be sure there is no prepay penalty, there probably won't be but if you are in super ghetto its possible.
Anonymous ID: Xcp6jYbQ
6/16/2025, 11:42:19 PM No.60512156
>>60508509
Theyโ€™re literally guaranteed to break and may cost you as much as the car is worth. The cheap car meme is so dumb when you consider their reliability and high chance of needing repairs. It just sucks knowing you can break down anywhere. You can get lucky, of course, but itโ€™s a gamble; I drive a 3k car.
Replies: >>60515406
Anonymous ID: ohsz7Nlv
6/16/2025, 11:44:28 PM No.60512160
- You dont have to use dealer financing. If you can secure an auto loan from your bank its usually a better choice.
- maintenance/protection plans are 100% scams. Are you buying a BMW and establishing a lasting relationship with your dealer? No? Good. No stupid ass plans.
Anonymous ID: iPXiX9sl
6/17/2025, 3:00:31 PM No.60513989
>>60508509
Fpbp
>>60508515
Old cars are more decent than the new one
Anonymous ID: O/A3ccbP
6/17/2025, 3:06:39 PM No.60514001
Financing is the hell part of the car buying process. Everyone talks about "shady salesmen" but they aren't out on the lot or in the front rooms. It's the finance guy they send you to after. He will hit you with an upsold high interest car loan and various "finance fees" and charges while trying to scam you into getting expensive warranties.

Best thing you can do is wait until the last moment to mention you are paying it in cash or with your own loan. Some dealers won't let you because financing is where they make their profit.
Anonymous ID: JuCUaCug
6/17/2025, 3:29:05 PM No.60514068
>>60508507 (OP)
I wouldn't buy anything older than five years if you want something reliable. I thought some credit unions will give you loans to buy a vehicle from a private party, which is ideal. Dealers for the most part are scams and should be avoided if possible.
Replies: >>60514075
Anonymous ID: O/A3ccbP
6/17/2025, 3:30:17 PM No.60514075
>>60514068

With private seller unfortunately you have to do your own due diligence and make sure it's a functional car. But yeah hypothetically the deals are with private sellers, especially those trying to move a car over $20k since that will require the other party to get their own financing (lowering demand for it).
Anonymous ID: JuCUaCug
6/17/2025, 3:34:25 PM No.60514093
>>60508640
Dont buy Kia or Hyundai. Their only advantage used to be their cheapness, but now they are way too expensive for what they are. They are notorious for not honoring their "warranties".
Anonymous ID: eSx6W4ap
6/17/2025, 3:36:40 PM No.60514100
>>60508507 (OP)
buying a new car is retarded. by a high quality used car, find a reputable dealer, chances are the big new car dealer in your town will also have a used lot.
Replies: >>60514107
Anonymous ID: zal5dhPn
6/17/2025, 3:36:58 PM No.60514102
1747375411382796
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md5: 759d8eed517b756cb02218fc91da0971๐Ÿ”
>>60508509
/thread

financed cars are a scam. the jew intereset is robbery and you have to carry comprehensive insurance with any loan which can run you up another $500 per month.

just buy a shit car with the cheapest liability insurance ($10-50). Take your savings from investing like a white man and DCA something that could bring huge returns 5 or 10 years down the road
Anonymous ID: O/A3ccbP
6/17/2025, 3:38:00 PM No.60514107
>>60514100

Some used Honda/Toyota/Subaru models are so inflated in used markets that you're better off buying new and getting the full warranty/mileage
Anonymous ID: D4mAXXRH
6/17/2025, 3:54:01 PM No.60514176
problem
problem
md5: 46a4e2b7b78536c789a85722fafa8e19๐Ÿ”
if you have to finance a car, you can't afford it.
Anonymous ID: EeSPLpLL
6/17/2025, 4:59:45 PM No.60514418
>>60508507 (OP)
You sound pretty dumb, you probably couldn't figure out how to get a decent used car from a private party. That's the only way to get a good car these days, you should head straight to the stealership and finance your goybox.
Replies: >>60514430
Anonymous ID: O/A3ccbP
6/17/2025, 5:01:45 PM No.60514430
>>60514418

Idk when I check out marketplace the prices are actually worse than the best used dealerships out there. Presumably because the dealerships think they are going to make up the difference with financing/warranties/fees and are listing at cost. So the game imo is to figure out how to get them to sell at their listing price but paid in cash.
Replies: >>60514509
Anonymous ID: JXV5dGQ1
6/17/2025, 5:02:08 PM No.60514431
>>60508691
based honda civics, I've had mine since 2014, never failed on me.
Anonymous ID: EeSPLpLL
6/17/2025, 5:20:27 PM No.60514509
>>60514430
You do know you're supposed to lowball the fuck out of boomer morons right? Eventually one will say yes. Negotiating with salesmen at dealers isn't really a thing anymore.

Also dealerships rip off customer trade ins and get to buy used vehicles from dealer only auctions, I assure you they're making money on used car sticker price as well.
Anonymous ID: E8nuvnzY
6/17/2025, 5:23:37 PM No.60514525
>>60508515
If you did you wouldn't need to finance it.
Anonymous ID: BsEfjHjM
6/17/2025, 5:32:43 PM No.60514577
>>60508507 (OP)
i grew up on the internet, constantly surrounded by people saying i'd get fleeced by dealer financing. i go into the dealership and their interest rate is basically the exact same as my bank's personal loans (8%-10%). I'm convinced the dealer financing scare, credit card points, the ability to take on massive debt, etc is just an american thing. in canada we dont even have access to the capital that american NIGGERS do. it's crazy.
>just mainly need to know what to expect before I go to the dealer because I don't really feel like getting molested.
you'll get molested by mandatory add-ons and fees. as long as your not retarded you'll either be offered acceptable financing or you'll instantly know its a rip off.
if the latter, just get your financing done off-site.
Replies: >>60514854
Anonymous ID: qylvEfl8
6/17/2025, 6:14:00 PM No.60514746
>>60508515
>I'm not 20 years old. I make enough money to drive a decent car.
apparently not since you need a loan. expensive cars are the number one thing that keeps middies mid. 800 bucks a month into an index fund for 40 years gives you multiple millions at retirement. you can save 50% off MSRP going low miles and a couple years old.

cars are much cheaper than comparable SUVs, vans or trucks because of popularity. do your research and don't buy a lemon or something with known problems. you can save a significant amount of money buying private party, but then you have get a good mechanic to check it out for you. even if they miss something major it's unlikely to cost more than 5-10k you from private party.

you're going to be boned by a 8-9-10% rate, even if you have great credit. bad credit more 15 to 20, ive seen as high as 28 these days. you can also get loans through credit unions or banks, they're a bit less gross than car stealerships.
Anonymous ID: AurnL3RO
6/17/2025, 6:35:29 PM No.60514854
>>60514577
8-10% applied to the scale of a typical car loan is still financial retardation. Imagine knowing you could get a guaranteed ROI of 8-10 tax-free for a period of years. Anybody not totally gamblerbrained would want to at least have that in their portfolio...

It's admittedly anecdotal; maybe someone who cares more could dig up some numbers. But in my life, people I've known who've gone for the mid-model toyota or honda for a few K have done as well as (or BETTER than) those who've bought new-off-lot as far as repairs go. Coworkers with a several-year-old turtle car drive (or get a tow) for dealer-only service and shell out thousands to keep their locked down rolling iphones on the road once stuff starts to go sideways.

I got a 25ish year-old yota for 1k and put about a day of work and maybe $500 of rockauto parts into it, road tripped it numerous times without issue... I know most people are going to refuse to learn anything about tools but again, if somebody offered you a way to make a few hundred dollars an hour tax-free, yada yada...

But I think the biggest thing is that, in the event that it utterly, absolutely shits the bed, I'm still so far ahead versus a financed new car it's almost immaterial. You'd have to have an incredible bad-luck run or really not know what you're looking at before buying shitboxes off craigslist even came close to the all up cost of financing new cars
Replies: >>60515207
Anonymous ID: BsEfjHjM
6/17/2025, 7:50:29 PM No.60515207
repeating digits
repeating digits
md5: 5de0bbfb0e43d7878458ae1d2e5ef052๐Ÿ”
>>60514854
>8-10% applied to the scale of a typical car loan is still financial retardation. Imagine knowing you could get a guaranteed ROI of 8-10 tax-free for a period of years. Anybody not totally gamblerbrained would want to at least have that in their portfolio...
i'm betting on Bitcoin having a higher return than the interest over the term. this strat is even more viable if youre financing during a bear market and then cooling off over a bull market buy-wise.
even the regular market indexes netted like 10%-11% yoy
>new-off-lot
buying a brand new vehicle is always retarded. youre paying a 20% [lifestyle premium]. fine if you can actually afford it, but the vast majority of people can't.
>I got a 25ish year-old yota for 1k and put about a day of work and maybe $500
i assume youre down south. 25 year old road legal vehicles seldom exist in the great white north, and something that rolls on the ground starts at $4,500. good on u tho.
Replies: >>60515217 >>60515241
Anonymous ID: BsEfjHjM
6/17/2025, 7:52:52 PM No.60515217
>>60515207
>i'm betting on Bitcoin having a higher return than the interest over the term. this strat is even more viable if youre financing during a bear market and then cooling off over a bull market buy-wise.
>even the regular market indexes netted like 10%-11% yoy
and this isnt even factoring in the inflation of the fiat while you save up, and the fact that you have to save for .5-1 year to actually get the stupid fucking thing.
i despise the car market and our car centric society. this is bullshit.
WHY MUST I GIVE IN TO THE JEWISH MONEY MAGIC OR SAVE FOREVER TO AFFORD A HALF DECENT PIECE OF SHIT THAT WONT EXPLODE
FUCK YOU CANADA
Replies: >>60515241
Anonymous ID: BsEfjHjM
6/17/2025, 7:55:50 PM No.60515241
file
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md5: 002def5a3d687e828173d0c9ed2ad4f0๐Ÿ”
>>60515207
>>60515217
Anonymous ID: ouTTaCH/
6/17/2025, 7:56:25 PM No.60515244
>>60508509
it's $10k for a car minimum these days unless you're okay with double salvage rustbuckets with 200k miles
Anonymous ID: BsEfjHjM
6/17/2025, 7:58:19 PM No.60515254
>>60508509
this is like saying
>can't find a qt3.14 gf?
>just marry the 70 obese diabetic wanted felon whore
no sorry im not paying money for something illegal to fucking drive kill yourself
Anonymous ID: 11L/XCA0
6/17/2025, 8:26:14 PM No.60515390
>>60508507 (OP)
The objectively correct move if you have any credit is to put down 30%-50% on a 5-6 year old Honda/Mazda/Toyota product and call it good. Lexus IS350 is a good car.
>>60508640
I would be consider myself a bad friend if I let my friend purchase any Korean car without protest or objection.
Anonymous ID: vTArrqnz
6/17/2025, 8:29:40 PM No.60515406
>>60512156
Yeah man it's a scam to buy a car for 3k when it'll just break and force you pay another 3k to keep it running. The real way you save money is by spending 30K on a brand new car.