New challenger
10-18-2007, 08:09 PM
#51
0.0 BAR
Join Date: Apr 2006
Posts: 0
Re: New challenger
Originally Posted by Dr.Boost
lol, have you ever financed a vehicle? :1
Most of the time a downpayment of some sort is required. It pays for taxes and fees and ---- associated with the sale of the vehicle so the dealership isn't paying money out of it's pocket to sell the vehicle to you. When I bought my Jeep I think I paid like $2200 down and that was basically to cover taxes, registration, doc fees, etc...etc. Financing vehicles isn't cheap.
Most of the time a downpayment of some sort is required. It pays for taxes and fees and ---- associated with the sale of the vehicle so the dealership isn't paying money out of it's pocket to sell the vehicle to you. When I bought my Jeep I think I paid like $2200 down and that was basically to cover taxes, registration, doc fees, etc...etc. Financing vehicles isn't cheap.
only dumbestics needs the downpayment, it's the only way they are going to cover their *** when it comes time to reap benefits.
YOU DO NOT ------- NEED A DOWN PAYMENT! you'tr just wasting your money when you trade it in.
if you are going to KEEP the car for SEVERAL (5+) years, then go ahead, put down as much as you want.
and fyi boost, you seem to be forgetting my job as a car salesman means, i know what goes on, even if i'm a dumbfuck about everything else
10-18-2007, 09:48 PM
#52
0.0 BAR
Join Date: Feb 2003
Posts: 0
Re: New challenger
Originally Posted by Random Hero
I can't ------- wait for spiker to get one. 800-900 whp with methonal injection (remember spiker, i just got that 50gal drum of it!) is going to be bad ***!
---- twin turbo spiker, you should do one big *** gt45 or something ------- rediculas and mount it above the intercooler :-P
actually, i'm up for anything that makes it go faster, 5 turbo's, 8 turbo's, or 2. as long as it runs consistantly faster then EVERYTHING on the street up here.
BTW just got approved for the new truck (2006 Dodge Cummins)! can't ------- wait, just need 1100 more for the downpayment. then its time to void that lifetime warrenty.
---- twin turbo spiker, you should do one big *** gt45 or something ------- rediculas and mount it above the intercooler :-P
actually, i'm up for anything that makes it go faster, 5 turbo's, 8 turbo's, or 2. as long as it runs consistantly faster then EVERYTHING on the street up here.
BTW just got approved for the new truck (2006 Dodge Cummins)! can't ------- wait, just need 1100 more for the downpayment. then its time to void that lifetime warrenty.
10-18-2007, 10:38 PM
#54
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: New challenger
Originally Posted by c0mpl3x
i've done the paperwork (as a car salesman) and know what goes into financing.
only dumbestics needs the downpayment, it's the only way they are going to cover their *** when it comes time to reap benefits.
YOU DO NOT ------- NEED A DOWN PAYMENT! you'tr just wasting your money when you trade it in.
if you are going to KEEP the car for SEVERAL (5+) years, then go ahead, put down as much as you want.
and fyi boost, you seem to be forgetting my job as a car salesman means, i know what goes on, even if i'm a dumbfuck about everything else
only dumbestics needs the downpayment, it's the only way they are going to cover their *** when it comes time to reap benefits.
YOU DO NOT ------- NEED A DOWN PAYMENT! you'tr just wasting your money when you trade it in.
if you are going to KEEP the car for SEVERAL (5+) years, then go ahead, put down as much as you want.
and fyi boost, you seem to be forgetting my job as a car salesman means, i know what goes on, even if i'm a dumbfuck about everything else
That doesn't make any sense. 
What does a down payment have ANYTHING to do with trading in the vehicle later on?
That also doesn't make any sense. The more money down you put, the less you finance and the less the finance means the lower your payment and you end up paying less in finance charges. Most people keep their cars for at least a year or 2 if not more and in the first few years of payments is when you pay the most amount of interest so having a lower principal balance in the beginning means you pay less in the end.
I just don't see what you're trying to say.
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
10-18-2007, 10:52 PM
#55
3.0 BAR
Join Date: Feb 2006
Posts: 2,808
10-18-2007, 11:16 PM
#56
0.0 BAR
Join Date: Apr 2006
Posts: 0
Re: New challenger
Originally Posted by Dr.Boost
Why would a domestic car need a down payment and an import not? That doesn't make any sense.
What does a down payment have ANYTHING to do with trading in the vehicle later on? That also doesn't make any sense.
The more money down you put, the less you finance and the less the finance means the lower your payment and you end up paying less in finance charges. Most people keep their cars for at least a year or 2 if not more and in the first few years of payments is when you pay the most amount of interest so having a lower principal balance in the beginning means you pay less in the end.
I just don't see what you're trying to say.
That doesn't make any sense. What does a down payment have ANYTHING to do with trading in the vehicle later on?
That also doesn't make any sense. The more money down you put, the less you finance and the less the finance means the lower your payment and you end up paying less in finance charges. Most people keep their cars for at least a year or 2 if not more and in the first few years of payments is when you pay the most amount of interest so having a lower principal balance in the beginning means you pay less in the end.
I just don't see what you're trying to say.
15k car, good credit, you're gonna pay about 300/mo for 5yr, 280 for 6 years.
300 for 60 months, do the math. in case you're lazy, that's 18000 for a car that you financed at 15000. 3,000 goes to the bank, and the bank kicks back to the dealership.
lets say you went for the extra $20/mo savings, 280 at 72. 20162.00 welcome to ---- raping, 1/3 of the payments you made were PURE interest.
welcome to interest
that ---- you said about NEEDING a downpayment is a scam. whether you put down 500 or 5000 the car still COSTS the same.
10-18-2007, 11:37 PM
#57
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: New challenger
Ummm...bullshit. That doesn't make ANY sense.
-0-Downpayment on a $20k loan:
$20,000 loan @ 10% interest for 60 months is about $425/month. You will pay $5500 in interest.
$2000 down on a $20k loan:
$18,000 loan @ 10% interest for 60 months is about $382/month. You will pay $4950 in interest.
So you save $43/month for 60 months and $550 in interest for a grand total of $3130 SAVED.
Explain to me how saving $3130 over the course of a 60 month loan ISN'T saving any money.
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
-0-Downpayment on a $20k loan:
$20,000 loan @ 10% interest for 60 months is about $425/month. You will pay $5500 in interest.
$2000 down on a $20k loan:
$18,000 loan @ 10% interest for 60 months is about $382/month. You will pay $4950 in interest.
So you save $43/month for 60 months and $550 in interest for a grand total of $3130 SAVED.
Explain to me how saving $3130 over the course of a 60 month loan ISN'T saving any money.
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
10-18-2007, 11:44 PM
#58
0.0 BAR
Join Date: Apr 2006
Posts: 0
Re: New challenger
loans dont ------- magically make you pay LESS you fucktard, common sense on that one.
10% interest = credit score in the mid to low 600's for most banks.
it's also ------- the monthly. if you finance anything domestic their rates are like 6% with BAD credit. you're going to be paying $17, $18 per every $1,000 you pay.
rate calculators are bullshit anyways.
10% interest = credit score in the mid to low 600's for most banks.
it's also ------- the monthly. if you finance anything domestic their rates are like 6% with BAD credit. you're going to be paying $17, $18 per every $1,000 you pay.
rate calculators are bullshit anyways.
10-18-2007, 11:45 PM
#59
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: New challenger
Originally Posted by c0mpl3x
loans dont ------- magically make you pay LESS you fucktard, common sense on that one.
10% interest = credit score in the mid to low 600's for most banks.
it's also ------- the monthly. if you finance anything domestic their rates are like 6% with BAD credit. you're going to be paying $17, $18 per every $1,000 you pay.
rate calculators are bullshit anyways.
10% interest = credit score in the mid to low 600's for most banks.
it's also ------- the monthly. if you finance anything domestic their rates are like 6% with BAD credit. you're going to be paying $17, $18 per every $1,000 you pay.
rate calculators are bullshit anyways.
Let's say I put $5,000 down on a $20,000 loan.
$5000 down, $20,000 loan at 10% interest for 60 months:
$319/month and you will pay $4123 in interest.
So the payment would be $106 cheaper per month and I will save $1377 in interest for a grand total of $7737 SAVED over the course of the loan.
You can't seriosuly sit here and tell me putting a down payment on a loan doesn't save you money.
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
10-18-2007, 11:49 PM
#60
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: New challenger
Originally Posted by c0mpl3x
loans dont ------- magically make you pay LESS you fucktard, common sense on that one.
10% interest = credit score in the mid to low 600's for most banks.
it's also ------- the monthly. if you finance anything domestic their rates are like 6% with BAD credit. you're going to be paying $17, $18 per every $1,000 you pay.
rate calculators are bullshit anyways.
10% interest = credit score in the mid to low 600's for most banks.
it's also ------- the monthly. if you finance anything domestic their rates are like 6% with BAD credit. you're going to be paying $17, $18 per every $1,000 you pay.
rate calculators are bullshit anyways.
The same loan with the same interest rate with all the same factors, one with a down payment and one without CLEARLY SAYS YOU WILL PAY LESS WITH A DOWN PAYMENT.
There is no arguing about it. It's simple facts. Who the ---- has been teaching you about financing?
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
