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Posted: 8/6/2020 12:25:47 PM EDT
[#1]
The dealership loves that guy. He'll be back in about a year crying about his payments. They'll put him in new Dodge Dart, roll over the negative equity, and he will thank them for lowering his payment to $600/month. Then they'll turn around and profit on their new low mileage, barely used trade-in.
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Posted: 8/6/2020 12:28:24 PM EDT
[#2]
Targeted at folks that only see the $1164 number, are shocked they got the line of credit at all, and go ahead and sign.
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Posted: 8/6/2020 12:31:56 PM EDT
[#3]
Quote HistoryQuoted: Goddamn ETA: DODGE?? WTF?  Not everyone can afford to drive a yellow $100,000 penis enhancement mobile.  |
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Posted: 8/6/2020 12:32:12 PM EDT
[#4]
I'm guessing this is a Scat Pack Challenger.
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Posted: 8/6/2020 12:36:22 PM EDT
[#5]
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Posted: 8/6/2020 12:45:10 PM EDT
[#6]
Quote HistoryQuoted: Targeted at folks that only see the $1164 number, are shocked they got the line of credit at all, and go ahead and sign. I can handle that, look honey, it includes the lift kit and the Fuel rims, INSTALLED !!! All I gotta do is the exhaust and tint the winders !!! That's a fukken bargain baby !!! |
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Posted: 8/6/2020 12:45:34 PM EDT
[#7]
Quote HistoryQuoted: Dodge brodozers are expensive. Dodge will also finance anyone. They charge 28% for the 2/3 that default. I'd probably guess it was Chrysler Finance. They tried to get me to pay 8.9% with an 800+ FICO.. |
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Posted: 8/6/2020 12:46:56 PM EDT
[#8]
Quote HistoryQuoted: 28% on a SECURED loan??? Having a credit score of 520 gets expensive. 
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Posted: 8/6/2020 1:10:09 PM EDT
[#9]
Quote HistoryQuoted: Not everyone can afford to drive a yellow $100,000 penis enhancement mobile. Quote HistoryQuoted: Quoted: Goddamn ETA: DODGE?? WTF? Not everyone can afford to drive a yellow $100,000 penis enhancement mobile. Um, excuse me, but my penis enhancement mobile was over $150,000.
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Posted: 8/6/2020 1:13:39 PM EDT
[#10]
Quote HistoryQuoted: 28% APR? Fuck that. Credit score must be a like a 2 or maybe a 3. |
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Posted: 8/6/2020 10:03:38 PM EDT
[#11]
Quote HistoryQuoted: Credit score must be a like a 2 or maybe a 3. Got a guy financed on a 410 beacon on a used Dodge Caravan. 29.9% loan. Painter and needed it to hold his job, his wife bailed on him and royally fucked up his credit. He drove it for 2 years and made his payments and bought a truck off me @6.9%. Doesn't happen much but he was determined. |
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Posted: 8/6/2020 10:08:03 PM EDT
[#12]
Lol, finance charge was higher than the principal.
That’s gotta be fake (people can work up most any numbers), 28% for 96 months is just stupid. |
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Posted: 8/6/2020 10:10:08 PM EDT
[#13]
Quote HistoryQuoted: 28% on a SECURED loan??? We call auto finance semi-secured. Yeah you technically have collateral but what’s the recovery rate and costs? Add that it likely goes to auction or bulk sale for minimal return and you can see why auto rates get stupid for bad credit. |
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Posted: 8/6/2020 11:18:49 PM EDT
[#14]
Quote HistoryQuoted: We call auto finance semi-secured. Yeah you technically have collateral but what's the recovery rate and costs? Add that it likely goes to auction or bulk sale for minimal return and you can see why auto rates get stupid for bad credit. Quote HistoryQuoted: Quoted: 28% on a SECURED loan??? We call auto finance semi-secured. Yeah you technically have collateral but what's the recovery rate and costs? Add that it likely goes to auction or bulk sale for minimal return and you can see why auto rates get stupid for bad credit. I understand. But 28% would be completely out of line on a fully unsecured lone like a credit card. OTOH vehicle repossessions can be entertaining. 
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Posted: 8/6/2020 11:30:35 PM EDT
[#15]
I first saw this exact picture on US Army WTF Moments :-) Presumably it's the rate being offered to a young GI who has no credit but has a guaranteed income and money burning a hole in their pocket, and some unscrupulous dealers will even attempt to use a soldier's chain of command against them trying to pressure them about making payments.
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