Upside Down In Car Loan - I Need Advice
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- čas přidán 30. 03. 2016
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most car accidents happen in the showroom !
theklrdude oo I’m gonna steal that
Except NOW they happen on-line! STAY SAFE!
That's deep
Lol. That’s a good one. I have to remember it. Thx.
Ugh.
I'm in the same boat. No more stupid financed cars for me
Ricardo Chavez same. Sadly we had to learn the sad way.
Same here. I was lucky and my brother took over my payments because he couldn't get a loan of his own. Never bought a new car again.
Upside down bad on my loan
Same here, I’m under about $15K for purchasing a vehicle during Covid. I had no idea I was buying a marked up vehicle. I’ve been feeling like pure SHIT. You live and you learn.
@@brendaarteaga2664a lot of people got screwed with covid car prices , live and learn.
"You're single, I can tell by the way you're talking" who else caught that lol
Single? She sounds comatose. Sounds like she really didn't want to call and now doesn't want to talk. maybe something else going on here. Hard to listen to this.
She sounds "single" cause he can tell she lacks someone to advise and assist her in her decision-making. She also lacks confidence. 🤦🏿♂️
@@hirise9419 correct
@@hirise9419 no...its because of her pronoun usage and not mentioning boyfriend or husband.
I preferred the way she listened, some people talk to much and he normally cuts their mics. They actually had a conversation.
She was totally taken advantage of. It makes me so mad. But I’m proud of her for calling Dave and wanting to straighten this out. 👍🏻
I love how you corrected her and said “I’m not saying you’re stupid, I’m saying you got ripped off”.
The desperation in her voice when she concluded her opening question with the words, "Can you help me" just crushes my soul. I feel so bad for her. Some shark totally took advantage of her.
Thank you, Dave for being there to give her kind & loving support. Your wisdom blessed her that day.
Aww man. They ripped her off. Selling her a 26k car with a 18k income. Geez!
That should be illegal to do, but she should also know better!!
Think about it this way though. The dealership's job is to sell the car, but ultimately someone has to pick up the financing for it so the dealership can pitch whatever numbers they want. Capital One or any other finance company should have the common sense to not take that financing deal! All 3 parties involved in the transaction should be at fault starting with Capital One, the dealership, and then the customer!
The dealership doesn't lose because they aren't the ones financing the loan
Maggie Madrid
They did their job. They sold her a car.
She just don't know math or have any common sense.
The problem with this is if someone had told her not to buy a car she could not afford she wouldn't listen anyway.
I've met many like her through the years.
It would seem they ripped her off, however, she said she had a previous job which she lost, perhaps the amount she was making in her last job was sufficient to be approved for that 26k loan, her new job only pays 18k, they cannot predict/control the variability of her future income, therefore she's still on the hook for the car,
In saying all of that she would probably still get approved even with measly 18k income because the dealership/bank want to make money, they know the loan is secure because the car can be repossessed and sold for money at any time and they can prey on a low income individual and charge exorbitant amounts of interest on the loan.
Dave Ramsey style personal finance should be mandatory in high school.
Its not responsibility of school to teach common sense and street smarts it comes naturally through live experiences.
Problem is most teens don’t listen.
But good idea In general
@@Chinunit22 “through life experiences” you mean like the people calling for help?? That made no sense
@@Chinunit22 It quite literally is the schools responsibility to teach kids how to handle their finances. Its a little bit more than just "common sense" lmfao. The fuck are you on.
When you make $18k a year you should be driving a $1500 car.
Godless Melanisia bicycle
Godless Melanisia facts simple math
Basically, she was trying to keep up with the Jones’s despite knowing she didn’t have money. There are much cheaper cars that she could’ve gotten. Heck I make 50k a year and I’m looking into getting a 15k car cause that’s what I can afford.
Esther Estavien I did same I make 30k and got a 12k car 6 years old but good car with 50k miles and 2 how and why would a bank loan money to a car that cost more then you make
Along with that "$1500" car, plan to spend MUCHO bucks keeping it running, unless you're Dave Ramsey!
This was one of my “rock bottom moments” in life that made me change my financial life and well being.I owed 18k on a car that was only worth 11k.
I’m in the same position did you sale it ?
How did you get out of that? I'm in a similar situation
@@intergalacticglobalistslayer have u figured out what you’re gonna do?
@@kjthomas4553 Nope, Car was repossessed and I filed bankruptcy. I hate to say it, but it was one of the best financial moves I made in my life.
@@davidfoulk3078 do you know how to sell a car when u have a loan?
Dealers are Vultures! 💀
I sell cars yeah ur not 100% wrong... depends where u go, gotta have common sense too tho
I used to work for car loans and the story of these car salesman that scam and trick people to help them get cars they know that they can’t afford and the stuff like this happens .
I’m surprised at capital one, they really take advantage of the poor
MissEnglish123 I make 50k with 779 credit score and capital one tried to give me a 8% interest rate. They are monsters. Ended up getting 3.3% elsewhere
I have a 19.72% interest rate on my 2010 Ford Edge. It’s worth about $4,100 and I owe $9,500.
Capital One is absolutely raping me with this interest rate. There needs to be a way we can work with our lenders to lower that rate...there’s no excuse for this. I’ve made every single payment on time.
13%? That’s insane. That’s as bad as a credit card.
Overpricing cars should be illegal but I guess those with bad credit wouldn't get approved for these loans if it were
theelectrokitten I agree. That should illegal to double the asking price for thr car.
Yes, specially the huge car dealerships. They are very aggressive with their car sales.
No. People are free to enter and not enter into contacts. She agreed to the terms. People make mistakes
only idiots get "ripped off"
People are just ignorant of what goes into a car purchase. When I bought my car, I walked into the dealership and straight up told them what my price was. $160/mo for a note and if they didn't meet that, I could just go home (my car worked just fine...I didn't need to buy their car). They beat it by $1 on a five year term and I added in a warranty for $20/mo (in hindsight, was a slight loss but did get a decent size repair done with it). Yes, I took on debt to do it but it got double my gas mileage and that note plus half my previous vehicle gas costs (double the mpg = half the gas bill) was identical to my old gas costs meaning that the transaction cost me next to nothing for 5 years after netting out the savings plus I got a 3 year newer car with better mpg (more savings after paid off in 5 years) and 60k fewer miles. Because of the low loan amount, I paid it off 3 years early. They ended up giving me this deal by giving me over KBB value for trade in even though my vehicle was involved in an accident. I also was buying a previously leased vehicle that was 3 years old and coming off lease just as the new model redesign was released. Therefore, there were a glut of these preowned vehicles on the market and the then new model year model was a redesign making this older model even less marketable. This likely helped grease the wheels for my deal. Few think that deep into it though. Many get wonderlust looking at the new cars and forget that like any commodity, you have to rationalize the purchase.
"15K yr.. 26K car..." ....what tha!?!?! I make 55K and I purchased a 26K car... and regretted it. It's paid off next month though buddy!
@@rashunedwards-miles1221
If you can manage your money effectively, and are not living your life to suit appearances or keep up with others, you'll be fine. Me personally, I would prefer to own a car from new, maintain and care for it well and drive it for 15-20 years. This may not be practical at certain points in your life, so you have to recognize when and where to make other decisions. In 1980/81 I bought an $850 car and drove it 60,000 miles. In 1998 I bought a new $13,300 car and drove it 165,000 miles. The cost of car ownership has escalated considerably since I bought a '64 VW for $350 and spent $200 rebuilding the engine. Today you better think in terms of transportation costing you $1000-$2000 a year, or more.
@@rashunedwards-miles1221 I make 150k and bought a 4k car lol a Porsche too
I made 400k and driving a 4k car and plan to keep it until its wheels fall off.
@@johnpui7484 what do u to make 400k? what business?
@@johnpui7484 is it a Honda?
We're almost in the same situation. Thanks to listening to Dave, we will not be doing that again. We've realized it's better to eat our* mistake with this vehicle and plan better next time.
+Melissa Hale What do you mean you realized it's better to eat out mistake?
+Michael R, I meant our*. I recently found Dave, and we are now beginning our budget. Found Dave not more than two weeks ago. We currently only have two debts, one which we will have paid off in less than two months and the other is our vehicle loan. This lady has been the closes person to our situation with our car. We're upside down, it is our only car for now. While we pay this loan down, we will also be saving cash for another. Our loan debt is 17k and the vehicle is only worth ~8k on KBB.
+Melissa Hale You Can do it you will be blessed for hard consistent work!
@@2007MonkeyGirl I’m in the exact situation except my car is only worth 5k
People just need to stop spending their discretionary income, live below your means, put the difference in the bank and make yourself wealthy, stop giving other people YOUR money.
I should have heeded this advice 10-years ago :(. Oh well; off to the salt mines again.
Smoke Stack put the extra in a Roth IRA. Saving account pays no interest
I was taken advantage of by a car dealer as well at 18 years old they Sold a car Valued at 8000 for 10,500 with a 26% interest rate. Got a second job and attacked the debut as quickly and viciously as possible not giving the interest time to accumulate a lump some. Debut free and never felt better.
Oni Zara how long did it take you too pay this off
How much interest was knocked off.
Progressor X How long did it take you to pay it off ?
How were you even taken advantage of?? Either your credit was rough or you were a first time buyer.. You came In looking for a car they found you a cheap one. The bank Is the one who supplied the loan and what you qualified for.. who does the dealership have anything to do with this.
@@a-tonofsun8569 Doesn't sound like they found him a cheap one, just sounds like he didn't research ahead of time.
Drive for uber and put everything you make back in to the car.
Uber sucks for making money, plenty of CZcams videos that explain better than I ever could.
On that note, the car partially becomes a business expense, right?
You'll be putting MORE in than you will be making.
No. get rid of the car and get more income. shes only working 30...should be 50+
Dave keeps it real, I love this guy
Car dealers will eat you alive the second you walk on their lot! That is why you should never show even the slightest hint of interest. Once they get you, they got you!
William Reed Facts.
@Brian Waller umm go away always helps..people need to be more upfront ..hurt they feelings or your finances..you pick
Most money I made selling a new car was 9200 gross profit. 25% of it went to me. :)
How do you go about using a credit union loan on them negotiating without revealing your credit union loan til the end?
@Brian Waller you wasted your time letting him run your credit
Capital one is one of the worst, after I get rid of my mess with them I am never looking back again, with the help of God.
What I'd like to know is how everybody is making 120k salaries. I spent most my life surviving on minimum wage and finally got smart, got my cdl to drive trucks and now earn over 60k in the union. Now I keep hearing people say "Oh I make 120k or so...". I just felt like I made a huge jump in life and now I feel way behind again. What classes do I need to take to get a career that earns 6 figures for once in my life?
Are you computer savvy ? Try IT
Dont measure success by income. people who make more than 120k call in all the time in horrible trouble.
Try IT easily make 80k-100k
How are you managing the funds that you currently make ??.
@@WISHBONEL7 well much better than I expected. Who knew living within your means would actually work lol. I’m not perfectly debt free but my outgoing is way less than income and is well budgeted in writing every month.
Dave is a great human, respeck!
They call to hear the answer but most just don't follow through
They expect a "magic" solution, like Dave lending them money?
Im in her same situation!
Bought a used civic for 14k (WHEN IN REALITY IT WAS ONLY WORTH 8k -10k) from drivetime a few years back ..with a 25 apr ...GEEZ WAS I F*CKING STUPID.....for the first year I wasn't even paying towards the loan amount .. my car note was just going towards.....paying the interest thankfully I've paid in full ....and will NEVER BORROW money EVER AGAIN...
She's not working an hr extra lol
KingQuad Bott lol I can tell by her voice 😂
She would rather pay it off in three years then work overtime..... She was looking for an easy out! Not with those numbers.
No one knows her situation though. Relax lol
Nope
Another additional piece of advice when purchasing a car is to get preapproved by your bank or credit union. That way, you know what your overall budget is, interest and monthly payment will be. Plus you’ll have way more leverage when haggling those sharks at the dealership for overall price on a car cus you’re paying in full upfront.
Exactly
I worked a a place in 2007-8 where we routinely gave $40K to people making less than that per year. This was a respected place BTW. People took it all day long.
I came here because I'm in a upside down car loan. This video was very helpful
If they would teach this in school it would be so much more useful than some other classes. Is literature and diagraming sentences more important than knowing how to budget, and how interest works? Really?
So true, wish I would learned this in high school but now 2 years out, I have to resesrch and learn everything myself.
It’s the parents job to teach kids that not the school. The advice Dave gives is more about values decision making more than knowledge. People know their making poor financial decisions yet find a way to justify it.
@@markcurry3083 Yeah the parents working two jobs just to stay afloat. Sorry some parents are too busy, burnt out, and they themselves don't know any better. It's more complex than that. If we want a prosperous society and communities shouldn't this be taught in school.
I hope to one day hold finanical literacy workshops for the middle shcoolers here in my town because I want them to be succesful or at least not make as many mistakes as possible so they can live a humble, healthy life.
It takes a village.
I was making $28k at my first full-time job. I bought an $18k car. I picked up a second job and worked 7 days a week. Eight years later, I still have that car. I am driving it untill the wheels fall off. The car is now worth $8k. Lol. You live, you learn.
Omg this same thing happened to me with KIA in Orlando! I’m not as much upside down.. maybe by $8000. But thankfully the interest is low but Im trying to get done with it so bad. This is so helpful. So glad I came across this.
I could really help people buying a new car , the biggest problem is impulse. People walk in , get excited about a test drive lose there minds. First of all you are not the dealers friend , they all play numbers games. You negotiate walk out price nothing else. You want to finance with the dealer that’s fine , but already have a idea from your own credit union. Otherwise they will jack up interest , just one more way to get the extra few thousand , thousands in profit off you. The monthly payments game can all be worked off how long the loan term is , that is the worst possible way to negotiate a car. They can put you at 80 plus month term loan , all you will do is pay more interest in the car over the length of the loan. Dont ever play the monthly number with them. Don’t be afraid to walk away , and talk to multiple dealers no matter what with all the prices you can get. Yea it’s time consuming , but you can call around. They hate it , some will not even give you a number without coming in. Then you call a different dealer , they play games. I don’t care what they say.
Useful content. Thanks for sharing.
"Yeah you're gonna have to broaden that double, like fast!" 😂👏🏻 Oh Lord. I love your words of wisdom Dave Ramsay!
Talk is CHEAP!
"Broaden it with a double wide surprise that your family thinks you have gone insane"
~DAVE RAMSAY
You are so nice Dave... how you help others .... so nice to the ones that are lost ... so nice thank you 🙏
How does the bank reasonably expect her to pay the loan. They’ll get stiffed when she claims bankruptcy and they deserve it.
My dad started telling me at about 14 years old, "You need a car that will start and get you there on time! Take care of it. That is all."
13%!!!! holy moly!
My co worker got a 30% loan smh
19%!!! Geez Laweez!
Mine is 15% and I'm 22 #randomcomment
...and 13% ain even that bad in comparison to what I have seen! ...crazy. My interest on my car is under 3% and I didn't want to pay that!
13% is nothing. Im in car sales and Ive seen people walk out with 25%. Its not the dealers fault. It's the banks. I can say that at my dealership, someone making 18k a year and bad credit would NEVER get approved. People like that, I flat out tell them "you're gonna need a cosigner".
If by some miracle they do manage to get approved at some horrible interest rate, it's not my business to tell them not to buy the vehicle. I would lose my job if I did that. I'm selling product, not payment. If they really want to take on that responsibility, go right ahead. If you are comfortable rolling over 10k in neg. equity and paying $650 a month on a $20k vehicle, then so be it. I'm a car salesman, not a life coach.
You are a blessing. Thank you!
2:04 - “upside down in a car”
Why didn’t Dave call 91! 🤭😆
sad what they did to her.
Sorry, I missed the part where she said they forced her to sign the paperwork at gunpoint.
Chris, lighten up. Banks are scams and that's what Carlos is referring to. She fell for the "AMAZING OFFER THAT HELPS BUILD YOUR CREDIT"... Which a lot of people do.
They did to her?? She did it to herself.
dope
Carlos G
DAVE THANKS FOR THIS !
Dear Dave,
Wonderful. Great advice.
+Judith Wallace Check out The Rachel Cruze CZcams Channel for life and money tips!
czcams.com/users/RachelCruze
People absolutely have no idea what interest is. What they see on the statement is principal owed, but behind the scenes interest is there and adding more money to the total of the loan. How are people getting into car loans with loan shark type interest rates? This country is so financially illiterate.
I've learned from my mistakes with buying cars. If you are thinking about buying a car that is going to make money tight at the end of the month, DON'T BUY IT. You will not enjoy the car if you are going to stress hard over making the payment. Ive owned several cars in my life and my favorite ones were the cheap little cars that were great on gas. Iv'e never regretted buying a car I could easily afford even though I could have bought a much nicer and more expensive car.
So sorry for Faith--hope she has someone in her life--Father or Mother or friends that can give her emotional support!!! Best of all good things to Faith!!!
I understand not wanting to purchase too much car, but what I don't understand is why people get so "flustered" about being "upside down" IF they plan on keeping the car for years. My car was upside down for a few years, and it flustered me, but thinking back on it, what difference did it make? I planned on keeping it for years to come. I'll drive it until the wheels fall off unless someone wanted to trade it 1:1....for a car that I am willing to trade it for.
Usually on these calls they are flustered because they can't make the payments and are close to losing the car entirely, and that sucks. Obviously everyone will carry negative equity in a car ... well unless they get a good deal on a 3 to 5 year old car... it only hurts when the payments can't be made any more.
Also annoying because you KNOW you're paying thousands of dollars too much. And you think of how much you could have done with all those extra monies
If the car breaks down then what? Pay thousands to fix it AND you can’t get a different one…. That’s the issue
I love this man!
Yikes, it is amazing what people can get themselves into. Scary stuff.
When someone has horrible credit and doesn’t pay their bills I don’t see 13% interest as a bad deal.
Work hard and pay $10,000 down to sell it. She already knew that! 🤣🤣 I know that’s not the answer she was looking for.
You don't need a Dave Ramsey to tell her that. Maybe she was hoping that Dave could "help" her financially!
🤣🤣🤣
I remember I bought a new 2015 corvette. Thought I was stuck, but someone ran a red light hit it and I got some money back and sold it and got out of the loan!!!
Craig 's List and "class" should never be used in the same sentence.
oxymoron?
this is why we only and i mean only buy a car with cash , no loans , no loans , did i happen to say no loans , the car finance companies are scamming you and your walking right into it . please learn from this poor lady's mistake.
I feel this is what happened to me. Sold me a car for $12,500 that was worth $8,000 at best. Now I want another car because I hate it. And I’m finding that I’m gonna have around $3,000 negative equity. Now I’m stuck with the car or a higher loan 😣
I love this video so much inspiration
this was helpful for me too!
Dave gives the tough love on his rants but has supportive words when people ate looking for help.
We’re in the same situation 🤦🏽♀️
Work a ton throw money at it like a bad headache. Pay it off in a year or little more and look at this in your rear view mirror.
I'm a massage therapist. I don't think people understand you can only physically do so many massages before you hurt yourself. Then your out of work with no pay and medical bill's you can't afford. Most therapist's don't have medical insurance. I would recommend getting your esthetician license in the future to supplement your income or getting another
part time job if your doing at least 30 massages a week which is alot.
there is no 1000 dollar car that works well. you will be fixing it daily. thats why its a 1000 dollars in the first place
There's always your feet. I even had a time where I lived in my office to save both rent and car.
Feet is not optional when you live 15 miles from work and it snows in the winter where you are.
Depending on the nature of your work living in the office may not be a crazy option either. Been there done that, and I thrived.
Naa ... I ate quite healthy. You can't afford to get sick when you don't have a place to take a sick day.
You're absolutely correct.
Dave be careful with the terms you use man! She's a massage therapist. Terms like "Jack that up and make some money!" lol
A girl has gotta DO what she has to!
@@TheOzthewiz HAHA
😂😂😂😂
At home massages XD.... (Happy endings)
alfonso borja she could easily double that 1.5 k a month by doing happy endings 😂😂
Some people have self respect. Dave did emphasize with class.
Whatever it takes
She makes 18k a year. I doubt she's giving many haply endings.
I bought my car when I was 18 only making 640 a month. The car was 21,000 and my payments are 360 a month, I'm upside down 6,463. The dealer who sold me the car was my moms ex boyfriend which is probably why i was lead into a hole and made to think it was a good deal. I'm 20 now and this car is killing me.
Kylie Hutton i understand that one, i make 1200 a month. my payments are 483$ with 17% interest. the car is 21k total as well.
so.... worth it ? Lol
@@StarrixFit so scary 17% interest
And I going to nogigate my 4.5 interest rates
@@thefearlesskibaarka9642 the car is fully paid off now and I landed a job where I make double now. So I'm in a much better financial spot. So from 15k a year to 30k
Just bought scat pack and love it
I’m upside down 11k I didn’t make my first payment and I got buyers remorse 😭🤦♂️ should’ve not gotten into a car loan🙄 here goes to the next 6 years🤢🤢🤢
How nice! Man wish I had financial classes throughtout high school and college.
This was like a grandad talking to his youngest grandchild. Thank you Dave!
Love Dave: "you're going to be sored from giving too many massages" ...poor gal.
She sounds sweet
pim1234 sexy too
Scared
And she probably gives GOOD "massages". I wonder if she makes house calls!
good advice to work more than her current 30 hours per week. by picking up an additional 25 at $11 per hour for a total of 55 hours (not killing yourself), but a solid week. would likely net her around $875 extra per month. she can get out of this in a hurry and if she can refinance with her CU for a better used car rate and cut that in half too.
Wow... What can Dave say? I mean.... she got Loaned 26,ooo on an $18ooo job who with a conscience does this?.... She's not stupid, she just got taken advantage of... Thank God For Dave's honesty and help.
"better than I deserve.". I usually say "quack ~quack" 👍👍👍
My question would be, if your going to pay down $10k on the car why not just pay the other $16k down and keep it? I mean, otherwise you basically just rented a car for $10k and thats just a waste of money.
At least if the car isnt upside down, you can always re-finance for a way better APR and that will drop the payments and what you end up paying total.
Just my two cents.
I sent this to my friend who is ALWAYS upside down in cars because he changes cars like the weather. He responded to me “Why in the world did you send this to me?” My hope was to get him thinking about the financial suicide he’s headed for. He’s one of those people who determines affordability by the monthly payment. He and his partner finance pretty much EVERYTHING they don’t have the cash to pay for. They want it right now and if some fool will extend them credit, they pull the trigger. Then they gripe because the payments eat up their income every month.
🤣🤣🤣🤣🤣🤣🤣🤣🤣
Your not stupid Queen, we live and learn.
Dave you are sensational guy thanks so much for what you do 👍🏻
In my opinion, this kind of stuff should be taught in school, along with filling out tax forms, leases, etc, . real world things people will face. Like make it a class for a semester or something. I mean its great to know calculus, but being able to fill out your own 1040A instead of paying someone to do it for you would be more useful.
James Richey banks thrive off of financial illiteracy. Could you imagine what a financially knowledgeable Society would look like for a bank?
A) 13% how do banks finance at rates so crazy, and B) how the people just accept that as normal... because 13% on a car loan let me assure it is no freaking normal... its immoral too!
The whole go into debt for a car thing is probably one of the biggest scams that keeps Americans poor… the truth is that having the coolest car to impress people who you don’t know is the stupidest reason to go into debt I can think of😂😂
I’m 12k upside down ! The motor went out on the a car that I’m financing and the trade in value went from 10-12,500 k to 2500 ! I have a loan on it that’s 14,200 . I’m still throwing money on the loan and I don’t know if I want to roll this into a personal loan until it’s all gone or what . The dealership advised me to consider letting to car go
Of course they advised you to let it go. It's easy money for them.
You can replace an engine for less than $5k.
Dave Ramsey's initial reaction to the numbers 😂😂😂😂😂😂😂😂😂😂😂😂
God bless you Ramsey
If you're uneducated enough to make a decision such as: borrowing more than your salary for a car when there are others you can get dirt cheap. Sure, it's not flashy, but is anyone buying the idea that you're better off than they are lol
One word. FIRE
I’m way worse off than this girl they loaned me a 35k car with no job on 20% interest
just thisguy No way that’s true , Nobody will finance with no income.
Caleb Niederhofer sure did I was shocked they didn’t even ask to see a paystub
just thisguy Was this at a dealer ?
Caleb Niederhofer yes obviously. I had a trade in of a nice bmw so maby they just thought I could afford it
I owe 40k on my car, and its only worth 14k. My credit score is 700. Idk what I was thinking at the tine. Guess I'm gonna do my best to pay it off early.
I’m still not understanding what he said to do. I get the part where he said to get the $10k loan from the credit union. But then do you just hold on to the $26k debt from the car on top of the $10k?? He said just pay it off. But then why do you need the $10k? I’m confused
rooting for you faith!
She's lying or being lazy. She could be making a minum 40 an hour. Massages regularly cost $60-$100 an hour.
Who would buy a car loan at 13% interest. That's insane.
Personally my rule for buying cars is that it should cost less than 45% of ur yearly income or at least buy a used Toyota
These types of banks approving someone they know couldn’t afford should be fine. Feel her pain. That’s not ok.
similar situation, what I don't get is if she does get the $10k what then? Pay it to capital one and turn in the car?
We need federal standards. For selling cars and financing reg that protect the consumer. To many people get ripped off 😂
Car salesman are trained to get people into these financial messes.
It's the "customers" fault for WANTING the latest and greatest, NOT the salesman!