I'm pretty sure it's noted that I have 3 main pet pees when it comes to the car buying world those are Brand new Vans Brand new crossovers and brand new trucks those followed by loan ect. Why? Well being that 93% of Americans cant own a car out right meaning they have some type of auto loan and you have these news articles pop up on google
So when I saw this add today you can bet I got excited.
with only 100 miles.
100 miles? Where did they drive it? Home? How in the heck did they not realize this was a mistake?? Again this is why people don't realize till they sign that last document of how much of a hole they are digging. When I purchased my car I was hesitant because the payment from my previous car went up a 160 dollars and was at a higher interest. The sales guy was good though explained through my fears. I didn't leave without making a plan with my wife to pay it off within 2 years. Here we are 8 years later still have a car loan. (2600 and getting lower!!)
How in the heck do you not realize that you can't afford it until you get home? What the heck was going on in their minds.
A little background of the buyer. Newer house (mortgage payment) has 2 kids. Younger family I would say around the age of 25. My first question is why they feel the need to upgrade. I didn't upgrade until the 3rd bun was in the oven. 2ND question how did they figure out they couldn't afford it?
Estimated car payment between 550 and 700 a month that's estimated if between a length of 60 to 72 months at an interest rate of .09 to 3.99 percent add on registration at 400 a year car insurance at around 1200 a year oil changes at 160 a year and tire changes at around 500 a year. Thats alot of dough. Oh and if they lose their job whose going to pay for it. Falls back to social programs. Yeah you may not paying it directly but indirectly where they save on free food free utilities and free mortgage payments they can afford a car payment that could of been used to pay other bills.
Just to give you an idea how expensive this van is with the same amount of money they could of bought 3 2012 town and country vans complete with DVD players. 5 decent 7000 dollar cars. We're talking 2010 Hyundai Elantra Mazda 3s and 6s and enough left over to register all of them.
2 complete lifted 2010 and newer trucks with new tires. 7 Recreational vehicles (ATV Boats Watercraft snowmobiles) complete with trailors. 22 caribbean cruises or all inclusive Mexico resorts. I mean take your pick. I've got more.
So without anything further I nominate this contestant I will name "We have to keep up with the neighbors"
100 miles? Where did they drive it? Home? How in the heck did they not realize this was a mistake?? Again this is why people don't realize till they sign that last document of how much of a hole they are digging. When I purchased my car I was hesitant because the payment from my previous car went up a 160 dollars and was at a higher interest. The sales guy was good though explained through my fears. I didn't leave without making a plan with my wife to pay it off within 2 years. Here we are 8 years later still have a car loan. (2600 and getting lower!!)
How in the heck do you not realize that you can't afford it until you get home? What the heck was going on in their minds.
A little background of the buyer. Newer house (mortgage payment) has 2 kids. Younger family I would say around the age of 25. My first question is why they feel the need to upgrade. I didn't upgrade until the 3rd bun was in the oven. 2ND question how did they figure out they couldn't afford it?
Estimated car payment between 550 and 700 a month that's estimated if between a length of 60 to 72 months at an interest rate of .09 to 3.99 percent add on registration at 400 a year car insurance at around 1200 a year oil changes at 160 a year and tire changes at around 500 a year. Thats alot of dough. Oh and if they lose their job whose going to pay for it. Falls back to social programs. Yeah you may not paying it directly but indirectly where they save on free food free utilities and free mortgage payments they can afford a car payment that could of been used to pay other bills.
Just to give you an idea how expensive this van is with the same amount of money they could of bought 3 2012 town and country vans complete with DVD players. 5 decent 7000 dollar cars. We're talking 2010 Hyundai Elantra Mazda 3s and 6s and enough left over to register all of them.
2 complete lifted 2010 and newer trucks with new tires. 7 Recreational vehicles (ATV Boats Watercraft snowmobiles) complete with trailors. 22 caribbean cruises or all inclusive Mexico resorts. I mean take your pick. I've got more.
So without anything further I nominate this contestant I will name "We have to keep up with the neighbors"
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