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- Dec 10, 2010
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Doesn’t say how much it sold for, though
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The day of reckoning for ADM payers, flippers and upper middle class optimists is coming. Average interest rate on a used car loan in December was 12%, according to a source i read.
Someone like Omega can shrug off a six-figure hit and still be happy if he loves the car still. But someone like me (or a flipper) will be in pain city
If you can't afford a $300k car, are you middle class or lower class?I know a fintech middle manager who’s on the GT4 RS list. He won’t tell me how much exact ADM he’s paying but the going rate is like $75-100k. Which means he’s going to be financing a $300k car at what, 5-6% to be optimistic? But more likely dipping into savings for the ADM because typically banks wont finance that part.
I have a good idea how much he makes, but ok, there’s a lot I don’t know about his personal situation, i shouldn’t judge, he doesn’t have any other expensive hobbies, blah blah blah….but it used to be that someone would never ever think about doing this even if they lived at home with no expenses etc
If you can't afford a $300k car, are you middle class or lower class?
Tell me you’re out of touch without saying it.
Imagine posting here as much you do and bit getting the inside joke.
Except for the ppl who are so rich that it doesn't matter to them.Imagine being a moderator and picking fights with those who don’t like you
But yeah, cars… Anyone who would pay double for dealer markup is in a better class of loser.
Except for the ppl who are so rich that it doesn't matter to them.
I see peak jealousy.Even them. That’s peak douche.
I see peak jealousy.
Imagine being a moderator and picking fights with those who don’t like you
But yeah, cars… Anyone who would pay double for dealer markup is in a better class of loser.