167% Interest Rate on a Dodge Charger ! Careful with title loans ! Abandoned car just got towed in!
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- čas přidán 4. 09. 2024
- 167% Interest Rate on a Dodge Charger ! Careful with title loans ! Abandoned car just got towed in ! The mighty powerful 2.7L V6, 167% Interest Rate on this Dodge Charger ! #dodgecharger #dodge #charger #badfinancialdecisions #highinterest #titleloan #autorecycling #junkyard #autopartscity Gurnee Illinois
Agreed. Schools needs to prepare people better for the real world including finances
The people buying these cars also don’t pay attention in school, much less math class
Interest like that should be illegal wow. Not surprised someone abandoned it! They'd be in the hole forever.
Just because the vehicles at the wreckers, doesn't mean the bank gave up chasing them for their money 😂
There are many reasons certain people have to pay that much in interest, for one they are that high of a risk
how nice of you to tell other adults what financial decisions they should make
@@zjones9876 Make stupid choices, win stupid prizes pretty much sums up astronomical interest rates for certain segments of society. If you feel that bad for them lend them your money, I bet you'll only do it one time.
@@DrivingGod21it also means the bank is looking for the car I wouldnt part it or crush it as it could be big trouble but I could be wrong what do i know nothing unfortunately
Who in their right mind would accept a 167% interest loan??! That's ridiculous!
The APR of payday loans can be MUCH higher.
@@haweater1555 that surprises me. Is that just a US thing, or does it happen elsewhere? Ive never heard of anything that high where im from
They prey upon those living in "The Hood",at least around where I live? You NEVER see Payday or Title Loan places in the
better' parts of town if you keep an eye out???
Lasquarius Jackson is not very good at math
Sadly some people may not have a choice. A friend of mine lost her job and her medical insurance and needed surgery. Her new job did not provide any medical insurance. Although the surgery was classified elective, she was still in constant pain. She had NO insurance. She had no choice but to loan on pretty much everything and wipe out what little she had in her 401k, paying taxes and penalties as well. The problem is our government favors BUSINESS over CITIZENS.
That's robbery. I don't know how the government and their regulations are letting loan companies to get away with stuff like this.
It's absolutely ridiculous. The people i financed my house with when I refied it back in 2019 they did it at 4% and I've been getting letters with them trying to get me to refi it again and they have been 17% & up. Why would I do it with what I have now that would be absolutely stupid of me. But for that car that's completely asinine.
It's not robbery. nobody is making them take out a loan. and they are a very risky population to lend to.
@@zjones9876 How do you know his situation? Maybe he or a family member needed some type of medical care and did not have insurance? Dont be so quick to judge.
@@aa777flyer "they are a risky population to lend to" is not judgement, it's how credit and interest rates work. only people with bad credit take out title loans because they are a lot better options if you don't have bad credit. that's just a fact
@@zjones9876 I dont doubt they are risky but some people payday loans are their only option. Imagine if you had a sudden medical expense for a procedure and dont have insurance? Leveraging what ever asset you may have by taking out a payday loan to pay for it may be your only option.
Goes with the Dodge stereotype. That is just insane. Hope to see more of that 3rd gen Camaro
Yeah that company should be shut down for having the gull to charge almost 170% interest.
How nice of you to tell other adults what financial decisions they should make
That’s antisemitic.
@@zjones9876based on the vehicle yes he should have known better
I have a feeling the owner had a 2 digit credit score
I taught econ, we totally go over finances, borrowing money, and reading interest rates and what not. Main goal was how to budget to prevent getting loans but then discussed options for loans. Discussed how payday/title loans are the worst.
I never took out a loan for a vehicle every vehicle I bought I bought from my Dad and were always in good shape. The only vehicle that was given to me was my 94 Ford Ranger 2wd XLT that I helped my Dad rebuild when he passed away from colon cancer I inherited the truck then last year I made the worst mistake sold it to a neighbor for $800 and sent the money to a lady I was dating who was suppose to invest it and I was going buy it back put in new brakes , new calbors, new headliner , new headlights ( much brighter ones ) , new leafsprings since the passenger side leafsprings got busted in 2021 from mechanic who was rebuilding my transmission then I was going to buy a cover for the bed . So now I got to come up with a $1,000 to get it back .
So Auto Parts City wish me luck bc I am going to need it .
There's probably a GPS tracker inside for repo locating.
That's a deal compared to what people pay for in overdraft fees
I like hot they blew up the v6 then abandoned it with the papers inside. 😅 Probably thinks they're absolved since the papers are there. Or, thei left that highway robbery contract for all to see why
Who in the rite mind pays 167% interest
Back when I was selling cars in the early 90s, the maximum rate we could charge was 21.5% that was the law in California at the time.
Before illinois passed a law 300% on title loans was common. I went to get a small loan once say rates said oh hell no and fu while walking out. The legal loansharks called for months trying to get me to fall for the scam.
That loan is legal loansharking
Well if the loan company could break legs, or arms in order to get you to repay your loan, I bet the rate would be significantly lower. The people who take out these kinds of loans are high risk, they have already messed their credit up and this is all they can get. If you feel so bad, then you lend them money and I bet you would only do it one time too.
What about the 3rd gen Camaro
This is what happens when you have a 300 credit score. That's the only financing you can get.
Daily reminder the gov will give out taxpayer subsidized home loans to people with FICOS as low as 500 as long as they put down 10 percent of the asking price...it's like they WANT 2008 to happen again.
I didn’t even know chargers came with engines that small
And of course the consumer in this position drives a Charger. LOL
Bad credit is for real
And they really should teach lessons in how NOT to get stripped nacked by a finance company.
Can you feature the 3rd Gen Camaro?
Reason to not borrow money.
I had the best teachers in my life to teach me about how to handle money and life in general. My parents thank you so very much and may you both Rest In Peace. 💙💜💐💐🌹🌹
Looks like I'm going to buy me some hubcaps
Oh man not the 2.7 😂 that thing is definitely locked up.
Could be like 3 or 4 different probs
Cool Headlights tho 😂
Maybe they wouldn't have needed a title loan if they didn't waste money on those tacky aftermarket headlights and taillights. On second thought probably not since they were dumb enough to buy a stupid Chrysler product with a 2.7.
LMFGAO!!! 🤣🤣🤣🤣
The aftermarket lights look pretty nice
Do a vid on the Camaro is that an IRocZ or a Z28?
Could also be an RS
And some fool payed that rate
Payed?