- #658 of 1160
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Re: negative equity [jlawrence01]
by kyfdx HOST
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Dec 06, 2006 (8:18 pm)
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Replying to: jlawrence01 (Dec 06, 2006 8:11 pm)
Funny... My first new car note was for 48 months at $109.33/mo... No idea what the rate was... January '77.. I'm guessing it was pretty high...
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- #659 of 1160
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pretty close
by hyundai_slsmn
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Dec 06, 2006 (9:30 pm)
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it was around $460 or so but actually coming down from $580 on the previous vehicle OUCH
It's surprising and alarming how many 78+ mo notes I've written. What's even more sad is the person who is so compulsive as to go that long on a car loan just to make it affordable would never even come close to keeping it that long.
I think if i ever got out of the car business I could go into personal financial planning.
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- #660 of 1160
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Re: negative equity [kyfdx]
by kirstie_h HOST
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Dec 07, 2006 (6:26 am)
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Replying to: kyfdx (Dec 06, 2006 8:18 pm)
Man, you guys are older than dirt My first car payment (that I remember, anyway) was $180/month on a '96 Protege. I owned other cars before that, but none of them were nice enough to warrant financing (e.g., a Saab 900 purchased for $2500).
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- #661 of 1160
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Re: negative equity [kyfdx]
by lemko
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Dec 07, 2006 (7:38 am)
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Replying to: kyfdx (Dec 06, 2006 4:20 pm)
I can't imagine even making $450 payments on A Hyundai!
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- #662 of 1160
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Re: negative equity [kyfdx]
by lemko
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Dec 07, 2006 (7:40 am)
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Replying to: kyfdx (Dec 06, 2006 8:18 pm)
I can top that - December 1987 - car payments on a new black 1987 Chevrolet Caprice Classic - $147.16 for 24 months! I pretty much paid for most of the car up front. Good God, too bad I can't finance a nice car like that at those terms today!
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- #663 of 1160
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Re: negative equity [lemko]
by kyfdx HOST
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Dec 07, 2006 (8:04 am)
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Replying to: lemko (Dec 07, 2006 7:40 am)
Yeah.. but, when I bought my car for $109.33/mo., I was only making $2.30/hr..
Top that!!
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- #664 of 1160
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Re: negative equity [kirstie_h]
by ray80
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Dec 07, 2006 (9:51 am)
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Replying to: kirstie_h (Dec 07, 2006 6:26 am)
'Man, you guys are older than dirt Hey, I could take that personally (although it might be true . My first car was financed ($500 dollar car) and whatever the payment was it hurt as I was only making $2.10 an hour at the time.
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- #665 of 1160
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Re: negative equity [ray80]
by kirstie_h HOST
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Dec 07, 2006 (9:55 am)
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Replying to: ray80 (Dec 07, 2006 9:51 am)
That comment was really meant for kyfdx, who seems to have conveniently (and probably wisely) ignored it.
$500? For how long did you finance?
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- #666 of 1160
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Re: negative equity [kirstie_h]
by ray80
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Dec 07, 2006 (9:58 am)
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Replying to: kirstie_h (Dec 07, 2006 9:55 am)
Was a long time ago, most likely a year or so, couldn't wait to get rid of it
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- #667 of 1160
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Re: negative equity [kirstie_h]
by jlawrence01
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Dec 07, 2006 (10:22 am)
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Replying to: kirstie_h (Dec 07, 2006 6:26 am)
Man, you guys are older than dirt
I just assumed that you were talking to me. (g)
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