Even with 12k down? That's crazy, I just got 4% in the same situation about a year ago. My credit is decent, but I'm not financially savvy in the slightest, so idk.
My biggest problem with the whole situation was the state I'm in requires you to pay registration and taxes in full when you buy a car. So through no fault of my own, I lost $5k. I also was one day late getting my insurance swapped over, so my insurance went from $100 to $450 monthly. Never been at fault for an accident and my only ticket was like 7 years ago. Yet now I spend more on insurance than some people I know dealing with DUI charges on a SR71.
Also had no choices at the time because used car market was in shambles at the time, so I settled on a car I don't love. The car I did love, I made my final payment on the week before I got hit.
Yeah, I was looking at $42K for the car, $12K down, finance $30K... 8.3%... it's nuts right now.
That is total ass man, sorry to hear it. Hope you're able to figure something out or you enjoy your payout to the fullest atleast.
Well, money isn't going anywhere. Banking the cash, saving money, if interest rates go down, great. If they don't? Pay cash in '25.
Even with 12k down? That's crazy, I just got 4% in the same situation about a year ago. My credit is decent, but I'm not financially savvy in the slightest, so idk.
My biggest problem with the whole situation was the state I'm in requires you to pay registration and taxes in full when you buy a car. So through no fault of my own, I lost $5k. I also was one day late getting my insurance swapped over, so my insurance went from $100 to $450 monthly. Never been at fault for an accident and my only ticket was like 7 years ago. Yet now I spend more on insurance than some people I know dealing with DUI charges on a SR71.
Also had no choices at the time because used car market was in shambles at the time, so I settled on a car I don't love. The car I did love, I made my final payment on the week before I got hit.
Yeah, I was looking at $42K for the car, $12K down, finance $30K... 8.3%... it's nuts right now.
That is total ass man, sorry to hear it. Hope you're able to figure something out or you enjoy your payout to the fullest atleast.
Well, money isn't going anywhere. Banking the cash, saving money, if interest rates go down, great. If they don't? Pay cash in '25.