米国消费者真是疯了，这种车贷都能付
版主： 牛河梁
#27 Re: 米国消费者真是疯了，这种车贷都能付
美国人的教育是真tmd坑爹啊
Hello r/personalfinance, I few months ago I needed to get a new used car. I bought a Honda element from a lot for $7k. I put $3k down with a $4k loan. My credit is pretty bad due to losing my job a few years ago and letting some credit cards go unpaid. I'm trying to turn that around.
After getting denied a few times for the load I was finally accepted. This was my first loan and I was a little overwhelmed by the process. So after making payments for a few months I notice the balance on the loan is hardly moving down. I call them and they tell me interest is set at 29.9% which works out to about $3 a day. I was under the impression it was going to be more like a credit card where there is a principle and as long as I paid on time there wouldn't be any additional charges.
Is this normal for car loans? The minimum is $220 per month, but if they're adding $90 per month in interest, I'm going to end up paying way more than I thought.
My plan is to pay this thing off as fast as possible. I'm going to put $1.1k towards it per month for the next 3 months and just get it over with. Is this the best option? Here is what my finances look like.
Income $2.5k
Rent/Utilities $450
Food $300-400
Hello r/personalfinance, I few months ago I needed to get a new used car. I bought a Honda element from a lot for $7k. I put $3k down with a $4k loan. My credit is pretty bad due to losing my job a few years ago and letting some credit cards go unpaid. I'm trying to turn that around.
After getting denied a few times for the load I was finally accepted. This was my first loan and I was a little overwhelmed by the process. So after making payments for a few months I notice the balance on the loan is hardly moving down. I call them and they tell me interest is set at 29.9% which works out to about $3 a day. I was under the impression it was going to be more like a credit card where there is a principle and as long as I paid on time there wouldn't be any additional charges.
Is this normal for car loans? The minimum is $220 per month, but if they're adding $90 per month in interest, I'm going to end up paying way more than I thought.
My plan is to pay this thing off as fast as possible. I'm going to put $1.1k towards it per month for the next 3 months and just get it over with. Is this the best option? Here is what my finances look like.
Income $2.5k
Rent/Utilities $450
Food $300-400
If printing money would end poverty, printing diplomas would end stupidity.
