Meme Thread... no politics

RealMiniNoMore (Forum Supporter) said:

Sitting in a line the other day and saw this bird closely inspecting cars

Not really a meme, but who signs up for a 10 year car loan and thinks that's ok? Just wow. 

In reply to Appleseed :

Daft Starama

In reply to Steve_Jones :

Wages are stagnant and the price of a new car has gone through the roof.  I can see people doing this to get a reasonable payment. I'm not saying it's a good idea. I couldn't afford a new or even a low mileage used car so I bought a $6k beater. 

In reply to Steve_Jones :

And a used car at 12.34%?

Steve_Jones said:

Not really a meme, but who signs up for a 10 year car loan and thinks that's ok? Just wow. 

An owner-operator buying a new rig, maybe?

Pete. (l33t FS) said:

Steve_Jones said:

Not really a meme, but who signs up for a 10 year car loan and thinks that's ok? Just wow. 

An owner-operator buying a new rig, maybe?

 

What other way is there to buy an Altima?

Scotty Con Queso said:

In reply to Steve_Jones :

Wages are stagnant and the price of a new car has gone through the roof.  I can see people doing this to get a reasonable payment. I'm not saying it's a good idea. I couldn't afford a new or even a low mileage used car so I bought a $6k beater. 

Me too. Then my friend told me that he still had the konis, Enkie RPF1 wheels and rear sway bar from trading in his SI. My $6500 beater's now an $8000 car, but I'm getting a lot more use out of it. I'm driving it on some three year old tires that I traded for with Stampie, making me the third owner of the tires. 
 

If I could afford to make payments, I would have a newer SI, or a 10th generation sport hatchback. This thing is paid for.

it's the slowest thing in it's class, but I'm having fun. I'm looking forward to getting some good tires for it, have to wait until they fit my budget.
 

Car loans are an interesting world. I sold cars many years ago and 84-month loans were just coming online. We were all scratching our heads wondering who on earth would finance a car on a seven-year note.

I once had a buyer with absolutely atrocious credit following (IIRC) a messy divorce. She eagerly signed for a loan at ~27% APR on a high-mileage Windstar. Her eyes were wide open (meaning she fully understood why the rate was what it was and what her options were). She needed the van, needed to rebuild her credit, knew it would cost her some money to get there, and had the income to pay it off on time, or earlier if she wanted to. No ragrets.

I'm happier at the Floating Doc end of the spectrum. We bought a $5800 Mazda 5 last summer and it made more sense to open a $4000, 24-month loan at 4.44% than to pay cash. That leaves some money available should we need it, and the monthly payment is trivial. Maybe I should start looking for some good used tires...

Meme unrelated...

BlueInGreen - Jon said:

Here's another one inspired by the lightweight vs hp thread

johndej said:

Pointing out that a horse generates 15 horsepower peak never fails to piss people off

I kinda miss MREs to be honest...