Quote:
Originally Posted by BlaqWhole
So when you see someone driving a nice new car, does it somehow make you feel better to think that they got a horrible deal or are gonna regret it in the future? Who GAF what someone else is paying or the terms of their agreement? Heck there are some people who can just flat out buy a $70K, $80K, $90K in cash. To them all of us who finance got a horrible deal. So again, why does it matter soo much to some of you how someone got into a comparable vehicle?
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no, I don't make assumptions about people's financial position, credit, etc. my response was to you saying that we need to congratulate FCA for making these low credit deals:
Quote:
Originally Posted by BlaqWhole
Congrats to FCA for finding a way to get people with money and low credit into an amazing car. And guess what, if it also means they can charge more on interest and those people actually do pay their car note then even more congrats.
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The difference is if someone finances with the scenario I mentioned they are going to pay a boat load more interest vs someone who is in the 4-6% range. $55k loan at 84 months, the difference in interest paid at 5% vs 15% is $24k in interest. That's just the difference in interest. so no, i dont care what some random guy paid, but i also dont think FCA needs to make 3% or whatever more sales like this to get a few more cars out the door. its irresponsible.
I think no one needs to pat FCA on the back for trying to make 15% deals, rolling negative equity, etc. FCA is probably going to be okay, but the 22 year old kid who sees the shiny new 392 or whatever, and is 10k upside down on his 2 year old car gets screwed every time. you think that FCA needs to be congratulated for screwing people up like that?