I love Facebook market place

[Indy]

 

Yeah, let me jump right on greatly over paying for your car that you owe to much on.  I swear there is nothing funnier than what some people think their shit is worth.

[Mr. Silly]

You can get a new one for just a couple thousand more

[Razors Edge ★]

21 minutes ago, Indy said:

 

Yeah, let me jump right on greatly over paying for your car that you owe to much on.  I swear there is nothing funnier than what some people think their shit is worth.

So FB "looks" at the ad, determines it is a car, and then shows that KBB comparison?  HA!  That's funny.  If someone owes 21k on an almost 6 yr old accord w/ 77k miles, they got suckered.  Should be paid off at that point.

[2Far]

8 minutes ago, Razors Edge said:

So FB "looks" at the ad, determines it is a car, and then shows that KBB comparison?  HA!  That's funny.  If someone owes 21k on an almost 6 yr old accord w/ 77k miles, they got suckered.  Should be paid off at that point.

Prolly a "DriveTime" purchase.

I had a coworker buy one of their cars. I know he had a low credit score at the time, he told me his $/month & duration & it was almost usury.

[Razors Edge ★]

4 minutes ago, 2Far said:

Prolly a "DriveTime" purchase.

I had a coworker buy one of their cars. I know he had a low credit score at the time, he told me his $/month & duration & it was almost usury.

It's the classic "payday loan" situation where poor folks can get stuck in an endless cycle of growing indebtedness, while better off folks get (deservedly) better deals.  But, for poor folks, payday loan places actually "serve" their communities whereas traditional banks & lenders ignore the space, so without payday loans, loan sharks, pawn brokers, etc., poor folks have no chance to find emergency or quick cash.

It's a shitty situation.

[2Far]

7 minutes ago, Razors Edge said:

It's the classic "payday loan" situation where poor folks can get stuck in an endless cycle of growing indebtedness, while better off folks get (deservedly) better deals.  But, for poor folks, payday loan places actually "serve" their communities whereas traditional banks & lenders ignore the space, so without payday loans, loan sharks, pawn brokers, etc., poor folks have no chance to find emergency or quick cash.

It's a shitty situation.

ay-yup.

Had another coworker who bought a truck at one of those buy-here / pay-here corner lots. Paid by the week (a lot of money) & 3 years later he owed more than the original price. He quit paying & a couple weeks later it was "stolen" from the project parking lot, 3 states away from where he bought it.

[MickinMD ★]

When I wanted a Honda Fit in Jan. 2013, the 2010-13 Honda Fits were virtually identical, all won the best-bang-for-the -buck award from Consumer Reports, and its said to be financially wiser to get a used car (which the dealers ridiculously and inaccurately call "pre-owned") and I'd still probably keep it for a decade or more as I usually had done with my new cars.

ALL of the 2010-12 ones from used car dealers, CarMax, etc., were $15,000 to $17,600 with 45K to 20K miles.  The private sales I found were as bad or worse or "as is."

I ended up getting a new 2013 Honda Fit from the local dealer, with pinstripes and mudflaps thrown in, for $18,000 total - taxes, tags, and freight included - and no trade-in.

I paid $15,000 by check and $3,000 by credit card - I was waiting for the rest of the money to arrive in my checking account from a stock sale, and I got 1% cash-back, $30, for the credit card.  So I actually paid $17,970.

I had been researching cars for the previous five years - car shows,  Consumer Reports, Edmunds, Car & Driver, etc. etc. and knew the car, model, color, etc. I wanted and the dealer had ONE new Fit in "Vortex Blue" and the best used deal might not be just what I wanted.

Kelly Blue Book, U.S. News, and other sites that list prices paid by zip code rated that an excellent buy, so I was very happy.

[jsharr ★]

I have become a fan of used cars.  Even buying from a dealership, you come out so far ahead.  I bought the Chrysler when it was almost two years old model wise.  2017 Model bought in summer of 2018.  Paid 42% of what the sticker price on the car was.   I will drive it for 5 years minimum and then find something else I like and trade it in for whatever they offer me.  Know it will not be much by then.  Never is because I keep cars so long.  5 to 7 years

[dinneR ★]

57 minutes ago, MickinMD said:

 

I had been researching cars for the previous five years - car shows,  

 

That's giving petite a run for her money

[dinneR ★]

44 minutes ago, jsharr said:

I have become a fan of used cars.  Even buying from a dealership, you come out so far ahead.  I bought the Chrysler when it was almost two years old model wise.  2017 Model bought in summer of 2018.  Paid 42% of what the sticker price on the car was.   I will drive it for 5 years minimum and then find something else I like and trade it in for whatever they offer me.  Know it will not be much by then.  Never is because I keep cars so long.  5 to 7 years

I've owned 4 cars. Each has been 10-16 years old when I sold it. My current one is 17 years old. It might be time.