Reddit personal finance car buying
WebOct 11, 2024 · “It’s the single worst financial decision millennials will ever make.” That’s because the moment you drive it off the lot, the vehicle starts to depreciate: Your car’s value typically decreases... WebThe used car buyer is both saving $14,339.81 in the initial purchase price, but is also getting $9,203.37 less depreciation over the life of the car. Financing Charges On the other hand, …
Reddit personal finance car buying
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WebJul 14, 2024 · There's only one real advantage to buying from a consignment lot rather than going directly to the person who owns the car: The lot will be able to finance the purchase. Interest rates,... WebHere’s my question - while my car is still up there in value and before age leads to more costly repairs, is it worth buying a new car? I’d be lying if I didn’t say all these new car features are tempting too. I can afford a new car comfortably, but I don’t know if it makes sense from a personal finance perspective.
WebMar 15, 2024 · r/personalfinance is a popular Reddit Personal Finance Community that has over 15 million members. The community members share wisdom and tips with the other readers, and other users comment adding more value or presenting a counter perspective. We have compiled a list of some of the best Reddit personal finance tips found on this … WebNov 4, 2024 · When you buy a car, you lose the opportunity to invest your money into assets that can grow and pay dividends in the future, such as real estate or stocks. The effects of compound interest are...
WebJan 25, 2024 · Reddit Personal Finance is Anonymous With certain exceptions (like a celebrity doing an AMA), Reddit users are always anonymous. Anonymity allows more people to say the truth because there’s no need to promote or exaggerate in order to sell or to maintain a brand. WebApr 3, 2024 · At the end of 2024, the average new car cost about $47,000, and the average used car approached $27,000. 2 1 Financial experts generally recommend capping auto payments and related expenses at...
WebAll the new vehicles (mainly the Hyundai Elantra SEL 2024 & Toyota Corolla LE 2024) I'm looking at have an OTD price of 25-31k, which is not ideal for me because I'll be making 2166 monthly and while I could pay a 300-400 dollar car loan over the course of 7 years, having a debt that big over the period of 7 years scares me.
WebMay 27, 2024 · Financing a car means taking out a car loan that you repay over time. When you take out a car loan, you agree to pay back the amount you borrowed, plus interest and … family life victoriaWebBuying a 53k car while only bringing home 72k doesn't sound like a good idea unless you have a massive amount of pretext deductions (IE you're maxing your 401ks in addition to … cool bernie shirtsWebOffers online car buying service with possible rate reductions or cash bonus offers. Application process can be 100% online. Customer service available seven days a week. family life videoWebMay 19, 2024 · In a Nutshell If you want to buy a car from a private seller but don’t have the money on hand, a private-party auto loan could help you fund the purchase. Like other types of auto loans, private-party car loans are offered … coolberg strawberryWebNot sure if this is the spot to discuss this. I lease a 2024 Hyundai Ioniq electric car. I'm nearing the end of the lease and decided to look into buying it outright. They quoted me $16,500. I would put $2,000 down on it, making the loan $14,500. The dealership offered me a 9.13% interest rate on a 4-year loan. family life vision planWebOct 11, 2024 · Personal finance is personal, but everyone wants a rule to follow. So, when pressed, I would say spend up to 35% of your annual income on a car. This covers most bases. If you only earn $20,000 a year, it gives you a budget of $7,000. That’s not a lot, but it’s definitely enough to buy an older yet still reliable used car. family life visa applicationWebMar 15, 2024 · r/personalfinance is a popular Reddit Personal Finance Community that has over 15 million members. The community members share wisdom and tips with the other … cool be right back stream image