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/biz/ - Business & Finance

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14433519 No.14433519 [Reply] [Original]

My girlfriends car was dying so I told her to trade it for a used Honda. INSTEAD she went and got a brand new CRV. She paid $28k financed over 6 years.

I was a little annoyed, cause I think buying a new car and financing it is retarded. But she said it's a great deal and her loan rate is 2.9% APR.

Who is right?

>> No.14433539

>>14433519
>gf
>>/reddit/

>> No.14433549

shes wrong for poor finance decisions

you're wrong for letting it get this far
Who's money is this she playing with - who pays the loan?
Her? Then fuck off with this teenage bullshit.

>> No.14433563

>>14433519
>Who is right?
Jamal, when je fucks her in the ass you fucking cuck.
Go back, we don't want you here

>> No.14433574

Most cars are luxury items.

>> No.14433591

>>14433519
>28k for that
Fucking lmao.

>> No.14433609

Dump her for a shit taste in cars.

>> No.14433640

>>14433519
>probably got the lowest trim level
>could have had a fully loaded 2-3 year old model

>> No.14433725
File: 62 KB, 420x520, 1540177493842.jpg [View same] [iqdb] [saucenao] [google]
14433725

>>14433519
why cant normies just ask a question without the fucking blogpost?

>> No.14433744

>>14433519
Yeah she's retarded. She should have gotten a used RAV4. That Honda will break down much quicker.

>> No.14433753
File: 169 KB, 646x700, 1554179351271.png [View same] [iqdb] [saucenao] [google]
14433753

>>14433519
based
tell your gf for helping keep me employed.

t. east liberty auto plant engineer

>> No.14433785

>>14433519
Why didn't you go with her you retard?

>> No.14433794

>>14433519
6 years for a car loans damn that’s retarded

>> No.14433812

Any new car is a scam. Margin is so high, they'll always make profit

>> No.14433848

>>14433812
someone has to buy them though. where would used cars come from? the used car factory?

>> No.14433884

>>14433519
ur gf got justed. if you are going to waste money buying a brand new car at least get something which will hold its value. a fucking honda crv? nobody wants to drive that thing

>> No.14433901
File: 48 KB, 613x531, 1529889121825.jpg [View same] [iqdb] [saucenao] [google]
14433901

>>14433812
margins are only high on trucks and SUV's

crossovers are good

cars are not

$2k is like the margin on an average accord
Probably like $1500 for an average civic. Cars are expensive because of the government

>> No.14433971

Bought a 2018 Ford Focus with 2,000 miles on it for 16k out le door; I was looking around and saw a ton of the same model going for as much or MORE that had 30-40,000 on them (about 5 years' worth of driving for me). Not sure if I fucked up or not but I couldn't find a used car for a good price worth a damn

>> No.14434074

>>14433519

Ideally, you'd consider looking for cars 3-5 years old to be a better value in terms of purchase price / maintenance costs / depreciation.

If you have absolutely minimal knowledge of cars you'd probably lean towards more newer cars and making sure to get them inspected by a mechanic that you pick (fuck whoever 'certified' a vehicle, you and I can 'certify' our vehicle).

If you're able to get a good look underneath, have proof / receipts for a history of work and service done, and a mechanic has checked it over, you could buy a 10 to 15 year old car for much less. Ideally, it'd be $3-$5k with at least another $2k for improvements the first year.

Being mindful of your driving and doing regular servicing per manufacturer recommendations can keep maintenance down. If you could get 5 years out of the car you'd be looking to keep the ownership cost of the vehicle to $100 a month or less, without regard to gas mileage / tolls / insurance / etc.

>> No.14434199

>>14434074

To add you should be patient and very picky with how the vehicle you're looking at is mechanically.

To take advantage of a deal you should be looking for one of these cars while you have one running that you could sell.

Being patient with craigslist private deals can lead you to finding a few gems that go quickly based on the make, and year of the model. Don't worry if thing has a bump / nick / dent here and there. As long as it is in functionally great shape and the seller agrees to the pre purchase inspection even paying on par with a KBB value, you'll find that the car has more life than what the miles are.

Vehicles can get expensive really quick when you add up everything so a reliable vehicle that has been maintained and driven with some care will be arguably the best economical decision you could make when shopping for a car.

>> No.14434200

>>14433519

New cars lose half the value as soon as they drive out the showroom. Of course you are right, beyond retarded.

>> No.14434355

>>14433519
financing at 2.9% APR is pretty smart assuming you would invest that money instead

28k for a brand new SUV isn't that bad, will probably save her thousands in repairs down the road and get better mpg

>> No.14434415

I would get a used car but that's just me, it depends how much she makes a year, if she makes like 70k a year that would be fine but any if she makes less i'd say that's a dumb purchase

>> No.14434428

>>14433519

It's her money right? I probably wouldn't stay with someone who fucks up financially like that though.