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Originally posted by: rh71
enjoy what you get in life... quit worrying about financials unless you don't have any.
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I figure I am young, single and I can afford it. So i am going to enjoy it now.
 
Originally posted by: gigapet
Originally posted by: nakedfrog
Originally posted by: gigapet
Originally posted by: dullard
Originally posted by: gigapet
48
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Then you broke two major financial rules. Never finance a car for more than 36 months.
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DOH! 🙁


I will likely sell it in 24 months anyways.
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So that will be three rules, then?
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wait whats that rule?
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Well, I don't know if that one is an actual rule or not... but after two years you will probably have finished paying all the interest but not made that much of a dent in principal.
 
If you didn't put any money down on the car, then you are upside down on your loan already and have broken FOUR rules...
 
Originally posted by: gigapet
I will nto post it now. I've broken too many rules. there will be too much backlash.
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Ok, how about a redeaming rule. Unwritten financial rule #0:

It is just money. You'll get more of it later. If overall, you are happier with the product/service than you are with the equivalent amount of money, then you made a good purchase.

 
Originally posted by: nakedfrog
Originally posted by: gigapet
Originally posted by: nakedfrog
Originally posted by: gigapet
Originally posted by: dullard
Originally posted by: gigapet
48
Click to expand...
Then you broke two major financial rules. Never finance a car for more than 36 months.
Click to expand...

DOH! 🙁


I will likely sell it in 24 months anyways.
Click to expand...

So that will be three rules, then?
Click to expand...

wait whats that rule?
Click to expand...

Well, I don't know if that one is an actual rule or not... but after two years you will probably have finished paying all the interest but not made that much of a dent in principal.
Click to expand...


arent you financed based on an annual percfentage rate?

so if I want to pay off the entire loan the first year I just pay the initial loan amount times the annual interest rate.

This number is lower than what I would pay out if I didnt pay it off in 1 year but instead paid it off over 4 years.

correct?


 
Originally posted by: rh71
enjoy what you get in life... quit worrying about financials unless you don't have any.
Click to expand...

usually the ones always b|tching about it are the ones w/o any 😉
 
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