Hey Jow Forums newfag here.
So I fell for the jewish trap of getting a loan to buy a car.
25k€ loan on 7.95% interest rate over 4 years.
You think I should I pay off the loan quicker (1% cancellation fee) or invest the money I get from wagecucking instead?
Also, is this board crypto only?
Cheers.
>7.95% interest rate
AHAHAHAHAAAAAHAAAAAA
PAJEETED AGAIN
Buy LINK and Ethereum.
sell your car
buy bitcoin
dont touch link (sergey is a philosopher, not a dec)
kill yourself
thank me later
sage
Is this board really about business and finance or just crypto shitposting?
Did you not.....think? At all? Before signing for 7.95%? jesus fucking christ.
>(1% cancellation fee)
You know you're getting Jewed when you have to pay extra to pay off your loan quick
7.95% ain't bad at all. you should've went for something higher like 17.95%.
what kind of car?
Its kinda the average where I live. Also was very excited to get my first car so no I didn't think too much honestly.
Probably a fucking Beamer or some other foreign moneypit.
>taking a loan on a car
>not buying a $500 car that will serve you just as well
Why are people so retarded?
I drive a lot so that is not an option.
>first car
>getting a loan to get one for 25k
that was not very smart, you lack the knowledge/experience to drive, park and operate it properly and you will most likely fuck up so expect to pump several grand over the next few years into this car that you don't even really own.
>spending over 10k for a car
>settling for an interest rate above 4%
>paying a loan off early to save less than 1k a year
8% LOAN WTF? WHERE DO YOU LIVE?
MY HOUSE LOAN IS 3.25% AND IN USA YOU CAN GET 0% LOANS FOR 2 YEARS ON A NEW CAR
>I’m stupid because of jews
Kill yourself
I used to have a company car at my last job so I do have experience driving.
So I should invest the money instead?
Spain.
Very helpful.
mine was 7%
put 38k down financed 12k for 3 years to "help build credit"
credit is the gayest thing in the world
Being this much of a brainlet. Ever wonder why you see so many shitty Honda civics everywhere?
whats your job and how much do you earn?
I fail to comprehend your logic.
most importantly tell us what model did you buy.
betting on a VW or some other turd.
>So I should invest the money instead?
Do you think you can make a greater return investing? If so yes. I have made much more by just paying the minimum each month on my car and investing that then if I would have used that money to just pay off my car.
love it ty
obviously he already has weak hands, investing would totally annihilate this brainlet.
Well you have then never tried to drive 650km in one day in a $500 car or have never tried a decent car to begin with.
Yep, Audi.
That's where I wanted this thread to go at. Im new to investing so I don't really have the experience to tell if it was worth it. But seeing most people here are from the US I don't think we have any common ground ...
you're a fucking idiot
>Yep, Audi.
F
>Audi
Holy fucking shit. You can't make this shit up. I bet it's a fucking diesel as well lmao.
My friend has a ~$2k car and drives 900km a dozen times a year just fine, aside from commuting 80km to work each day. But sure retard, get kiked and buy a $25k car even though you can't afford it. Like a fucking nigger. Maybe you deserve it after all.
do nothing, just hand over the % to the Jews.
That is the prudent thing to do.
Now that is a damn good deal, Moshe.
Diesel is cheaper than petrol in the EU.
Diesel is getting outlawed in Germany
GO TO BANK, TAKE OUT LOAN, BUY BITCOIN, THEN PAYBACK LOAN WHEN BTC DOUBLES, AND HAVE FREE BTC.
Only old diesel cars and only in cities.
I feel you OP i'm in a similar situation.
>7k loan
>8.5% interest over 4 years
>interest already cost me an insane amount
>9 months in and i've only got it down $1400
My reasoning was getting a credit history going and avoid playing the Craigslist used car lottery. You fucked up not getting a Civic, cazy milage with minimal maintenance.
Looks like you got hurt by my observation on the fact that you've never driven a proper car and are attacking me because of that.
I won't have any problems paying off the loan, it was a partial loan, paid 2/3 with cash. Thought people here might actually have a clue about investing and help me out with the numbers to gain something out of it, but it seems like you're all as clueless as I am.
> be euronigger
> buy luxury
> use credit
Blames jews
>Thought people here might actually have a clue about investing
we have, but its pointless to help out a brainlet that couldn't figure out the basics himself.
The difference is that I can afford your shitty audi with my crypto gains right now and still have plenty left for several more of these cuckmobiles, while you're just a broke eurospic indebted to the eternal jew.
Pulled 38' 5th wheel ("caravan", lulz) over 10,000 miles with a $500 F-250 V-10.
>inb4 please convert to cuckunits
Yep you sound totally credible showing off at an anonymous board.
>he thinks 6 digits in crypto in 2018 is a larp
You're late to the party, faggot.
>spending 25k on a car
I hope the LED lights and extra sleek carpeting which will cost hundreds to clean if you stain it justifies paying 5fold for something which when you really think about it is treated by others as equally as my 1.5k paid-for-in-full-by-crypto-profits car. Pic related
Judging by the amount of dirt under the hood I've likely been off road more than that faggot truck too. the cost to repair that gas guzzling compensator is probably more than just buying another shit car like mine and even if i just throw the car away for free its cheaper to own mantain and repair than monthly payments on some "good" car.
lol you're a poorfag
Don't worry OP. We all know family or friends that have taken out a car loan. 8% is common in Australia. As for buying an Audi, fuck me. I've always loved the look of S3's etc. Bought a VW. Everything was golden for a month or so and felt high quality. Step above others for driving quality/smootheness. Then shit started to break. Fucking stupid shit that shouldn't break. Cost a fortune to fix. I always work on and fix my own cars. Jesus fuck the amount of tools I have had to buy because they're completely different from regular cars. I've had newer BMW's that didn't require these strange tools. PITA to fix too. I think the car will fuck you on maintenance after a year or so. Brake disks are softer and they will charge an arm and leg after a year to swap out with new pads too.
As for finance, my sister recently bought a new car at 8%, only a 22K car. Spoke to the guy working in finance. Said the amount of people coming in and trading in semi-new cars already under finance for a new new car with finance and going heavily underwater was growing rapidly. There really are a lot of retards out there. Just remember, if that Audi starts breaking in a few years don't fall for the Jew trap and finance another new car because you neeeeed something new and reliable.
You're supposed to buy a used car for 3-8k with cash for your first car. There is literally no good reason to take out a loan for a car.
Mortgage rates in spain are 2%, based on euribor.
Paying 8% for a car...why can't you live within your means?