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TopicCar loans are so dumb.
wolfy42
06/21/19 6:53:29 PM
#18:


I'm a bit biased as I have seen friends get incredible deals in the last year. What I said above holds true though, but that is for everyone.

For lucky people...who seem to win the car lottery, you see them buy cards for $400, $600 and for an SUV $2000 that are WAAAAY cheaper then the average price...and it's hard to even believe the deals they get.

It makes me think it's normal to get those insane deals cause it happened so much in the last 2 years.

I was looking for an SUV/Truck etc that I could drive around and sleep in the back for instance. The best deals on something with decent gas mileage, and not a ton of miles on it/good shape etc that I saw was around $3,500....but somehow a roomate of mine in the last place I lived randomly had a girl he worked with sell him hers for $2000 (was worth at least $5k).

Meanwhile another roomate got a 3k car...for $400, and another friend who moved to NY bought a car worth $2k easilly for $600, drove it cross country and for a year afterwards with no problems. He ended up getting a bunch of tickets and having it impounded though.

I have never gotten any crazy good deals like that though, but even so buying a 3k or like my toyota avalon $10k) car has always been the best option. I bought the avalon in 2001 (it was a 1999 toyota avalon) for 10k and drove it 16 years without any problems (just had to replace a belt once, and finally replace the door guts on the drivers side as they were not working well).

New cars smell great, and it feels nice to drive a brand new car, but...it's not worth it in my opinion, used is the way to go, you can drive just as well, but spend half (or less) as much money, and then still resell it for most of that even.
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