If you took out a LOAN for your CAR you are a GOY SLAVE

>>28502787 (OP)
Feels good having the title to my shit

I can smell your poorness from here.

Yeah but taking a loan out on a 40k Econoline is a hell of a lot easier to pay off than a 30 year mortgage.

>Be wealthy
>Have the money to buy a car outright
>Get low-APR financing with your credit union
>Invest the money you could have bought the car with at a slightly higher rate of return than the APR
>Pay off more than you need to each month to up your credit.
>After a year or three take out your investment, pay off the financing, and you've made a small amount of money to offset depreciation on top of upping your credit rating

>>28502796
Knew a guy in high school who decided to live out of a used E-250 after graduation. He ended up putting away enough scratch to purchase a house outright, just before the market exploded during the coof. Doesn't seem like a bad gig if you're young and you're able to keep your head down for a couple years.

>Lose all your money instead of getting a loan and building credit and investing your money and using the interest to pay for the car loan

Retarded /pol/nigger

>b-but le jews!
I hope they bomb your family's mudhut

>>28502787 (OP)
I've never applied for a loan before ;_;

>>28502943
based

>>28502791
I can take a shit in a box and slap a warranty on it but that doesn't mean the guarantee is worth anything. Saying you have the deed to a mountain of shit doesn't hit the same as "i'm paying off the loan on this brand new F150 King Ranch"

>>28502832
This is the obvious move, but /o/ will continue to tell you to pay for everything in cash.

>>28503105
Yeah but kings of the ranch don't take loans, they are the bank, literally big hat no cattle ahh trucks.

>>28503127
title with a shitbox is then no hat no cattle?

>>28503153
Yes.

I bought my car cash, 30k

>>28502832
Can I do this with a 10k motorcycle or is the small price not worth the effort?

>>28503188
NTA but it probably isn't worth it. Even if you did zero down, $10k in a mutual fund would get you $2100 after 2 very good years? Minus trading fees, minus taxes on dividends, and minus taxes if you pull that money out, you're probably only coming out ahead $1200-1500? How much in interest, loan origination fees, and a credit check going to set you back?

>>28502832
Car loans are like 5-7% now. It’s not the days of zero interest.

>>28503233
This, nibbas are stuck in the year 2018 or something, and of course they'll never factor depreciation of the whip into their whole situation with muh investments, they think they're gonna finance their $36,000 car or whatever, and it be worth $36,000 after however long their loan is, the amount of money a stealership will offer is enough to make a grown ass motherfucker cry because of the bath you're taking on this fucking purchase that you made, and there's nothing wrong with buying a new car and enjoying it, but understand that this is a purchase that is 100% going down in value, it's like like buying a Ferarri, putting little or no miles on it, and getting your money back and possibly then some, it's a regular car that loses value, you are not a genius, you are a daily commuter trying o get to work and live their life.

>>28502943
I kneel

>>28503277
I said to invest to offset the depreciation. You're not a genius for knowing cars lose value. I even said the word "depreciation." Some ppl are getting 2% APR because they finance with a credit union instead of the dealership.
I definitely don't have liquid assets to buy a new car, I pay for 10 year old+ cars in cash and have never had a loan or been in debt nearing 40. I'm just saying that's how you do it if you can.

>>28503557
>Some ppl are getting 2% APR because they finance with a credit union instead of the dealership.
No they're not, it's not 2019 you stupid faggot.

>>28503557
The point is you’re not offsetting the depreciation. Your market gains and interest on the loan just cancel each other out. The loan does give you more financial flexibility, but you pay for it with the interest. Paying cash basically gives you a guaranteed rate of return of the interest of the loan.

>>28503572
My 75 yo mom gets under 2% on her '25 Range Rover. It was a realistic hypothetical for someone wealthy, which is the first thing I said in my first post.
I don't even have a credit score, I couldn't even get 30% APR, but some people really do get below 5% to this day. Jesus, chill, I'm not the one handing out loans, get mad at the system not me.

>>28503590
>My 75 yo mom gets under 2% on her '25 Range Rover
Because the rate was bought down by the manufacturer or dealership to move cars off the lot. No one is walking into a credit union and getting 2% APR.
>It was a realistic hypothetical for someone wealthy, which is the first thing I said in my first post.
Lol you're a fucking faggot trying to imply I'm a brokie.
>I don't even have a credit score, I couldn't even get 30% APR
Manchild has never heard of an underwriter before.

i bought my car cash

>>28503599
>Lol you're a fucking faggot trying to imply I'm a brokie
I'm an extremely non judgemental guy, I couldn't care less if you're poor or not, I hadn't even thought about your situation. I'm just replying to the topic and you got unusually upset for some reason. Again, I pay in cash every time and am on my 6th car.

>>28502787 (OP)
>Buying a car
Lmao gay

>>28503605
>you got unusually upset for some reason
Because this board is frequently raided by /biz/raeli cocksmokes that love to bullshit that it's still a bull market with sub 2% interest rates. Anyone getting ultra low APR car loans bought a turd no one wants, usually an electric car like a Subaru Solterra or Toyota BZ4X.

If you rent and you bought your car in cash > $15k you are terminally Judaized

>>28503672
>Because this board is frequently raided by /biz/raeli cocksmokes that love to bullshit
That's fair, I can see how you'd assume I was doing that. I thankfully am aspd or autistic depending on what doc I see and don't care about social status hierarchy bullshit, I feel bad for people who waste their lives chasing just a little more money to feel better than random people they don't know.

>>28503685
Does buying a house in home town and renting it out while living in a rental in city count? Because can't afford anything other than apartment in city.

>>28502832
Sounds like talmudic magick. I shall continue to buy shitboxes in cash.

>>28503806
Based

>>28502832
Yes this is everyone who finances
No one does it out of necessity only shrewdly investing those millions of dollars they earned at McDonald's

>>28503843
I know the system is designed to turn half the population into glorified slaves. Like I said above I've paid all mine in cash and have never had a loan or credit card (it'll probably bite me in the ass one day). I was just giving the best theoretical answer. I chose to live life without debt, loans, or credit, but as much as I hate "the system" I know it's pragmatically the better choice to build credit.

>>28502832
>How to get rich>>28503843
He looks like a nice, hard working man that loves his daughter. People like that don't deserve to be debt slaves even if they work at McDonald's.
>Step one: Be rich

>>28503843
I wish my wife was so young and cute...

>>28502787 (OP)
I just paid off my loan in full. Only took it out because I didn't borrow money from my parents in time. Hadn't had a job in 2 years so ran out of savings. I'll NEVER take one out again. They don't let you overpay in installments, I wanted to pay more to pay it off earlier but it said "you cannot pay more than the maximum monthly payment amount." Basically locking me into the full interest over time. It only gave me the option to pay it off in full, so had to cough up $15,300 to pay off a $14,600 loan. They randomly charged a near $1k fee to pay it off early. That's a fucking kike scam and I'll only ever pay cash for a car I can actually afford from now on, unless I'm poor again. Loans are for poors, i never realized how hard you goys had it. Everyone shits on you and takes advantage of you.

>>28503685
>If you rent and you bought your car in cash > $15k you are terminally Judaized
Why would renters buy a car over $15,000 with cash?

>>28503962
LMAO he borrowed from a company that charges prepayment penalties
If your lender doesn't actively suggest you overpay and make it easy to do so, you borrowed from the wrong lender

>>28504038
>If your lender doesn't actively suggest you overpay and make it easy to do so, you borrowed from the wrong lender
I've never heard from a lender "you should pay this back as fast as possible such as additional principle payments".

How many lenders have encouraged you to pay a loan back extra fast? Why would they do that?

>>28504015
Because housing prices are 10x worse than car prices. If my shitbox died today I would consider doing it.

>>28504038
Lenders that charge prepayment penalties belong in jail. All lenders are going to hell eventually though.

>>28504043
>How many lenders have encouraged you to pay a loan back extra fast?
So far Ally and PNC, idk why they'd do it though, maybe there's some kind of corporate responsibility benefit

>>28504183
Was it the individual employee saying that or is there an email/document that states it?

>>28504192
Onboarding emails, a couple of mailers, plus a dedicated box on the payment portal for principal-only payments.

>>28504183
They’re probably worried about insolvency lmao

>>28502787 (OP)
I never took any loan
I only buy stuff I can afford.
Why would I pay more to buy something I can't afford? That's dumb

>>28502787 (OP)
I special ordered my truck and paid cash. My credit is already above 800, it bounces from 815 to 840 for no real reason every six months.

>>28502973
GOY SLAVE ALERT! GOY SLAVE ALERT!

>Buy shitbox of my dream (2000 ranger)
>Money saved from not paying the bank goes to Ship of Theseus maxxing
>Can do the thing I need as I see fit (Usually at the first sign of wearing out)
>Keeps the repo man off my back
The only problem is paying the mechanic but since it is my only vehicle I'd rather let someone with more tools, time, space, and experience take care of it. They do a good job, too. I might finance a new engine but we will see.

Does it count if I took a loan from my father?
I bought the car 7 months ago or so, I am probably going to pay back the same amount I took until the year changes

>>28502787 (OP)
My 401k averages 20% every year.
My car loan was 3.2%.
I make money by using the bank's funds instead of my own.

You'll be forever poor because of your limited understanding of financial leveraging.

>>28506445
The bank could get 20% on their money but they would rather lend it to you for 3% because...? I guess they're just dumb and you're smarter.

>>28506382
Are you one of those types that always struggles to keep up with bills? You may want to review how much you spend every year with your mechanic and report back here.

>>28506445
The bank has a building bigger than your house and nicer furniture than you. How? BECAUSE YOU GIVE THEM ALL OF YOUR FREAKING MONEY

>>28506494
>Are you one of those types that always struggles to keep up with bills?
No. I live with my mom and we pay the bills just fine. It's the only reason I am able to do this.

>>28503572
This is absolutely correct.

My wife and I both have FICA and Vantgage scores over 830, and our FICO auto-specifics were both over 870. Basically the best credit you can possibly have. Our income to debt is virtually zero, with just a house note. Our household income is $120k (that’s well above average for Louisiana, one of the poorest states in the country). We couldn’t find a new car loan for under 7%.

>>28506561
NTA but same, I just got my vehicle for 6.4% but also did a 48 month loan with a 25% down payment. if I went up to a 60 month it jumped to 7.9%

>>28506445
>My 401k averages 20% every year.
Let me guess, you started it in 2019?

Where the fuck do you niggas live that you get below 5% interest rates on car loans in 2025? Also fuck you Ill pay by cash, you wont trick me with the just borrow and invest meme. I invest monthly and save $ already just to buy things outright. The jews wont have any handles on me except for a house.

>>28506731
They don't, I covered it here
>>28503672
>>28503599

>>28502832
nobody with money talks about their credit or building credit kek
if you have money you don't need credit
if you need to build credit you're broke as shit

>>28506751
>if you have money you don't need credit
Thats generally incorrect but those who have wealth never talk about credit and never consider ways to build it because being good with amassing wealth tangentially just ensures you have great credit. Thats why they don't talk about it because its irrelevant to them. Its akin to people with money never really talk about bills because they're all on auto pay.

>>28506460
People are looking at the post COVID returns and think they're normal. Banks look at multiple decades of earnings and set prices accordingly.

Tldr, people ARE stupid.