Reply to New Car Loans -- What Are Good Rates

Forum Index » Money and Finances

Reply to "New Car Loans -- What Are Good Rates"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We just bought a new BMW yesterday and got $1000 off plus a 60-month loan at 2.99%.[/quote]

I can't believe you are bragging about a 5-year car loan, particularly on a BMW, with its reliability statistics.  Good lord.  [/quote]

Who is bragging? We’ve owned BMWs for decades and have never encountered any significant problems or issues. This is propaganda spread by owners of Toyotas, Hondas, and similar shïtbox cars and SUVs in [b]a vein attempt to throw shade at the more elite brands. [/b]

Further, HYSA rates are still close to 5%. Only a moron wouldn’t take advantage of a 5-year 2.99% fixed rate loan. [/quote]

[b]The word is "vain," not "vein."[/b]

There is no such thing as an "elite brand." You have been overspending on cars for decades, so understandably you are high on marketing. If you enjoy it, good for you, but don't confuse being in debt on a consumable with a declining value with affluence. [/quote]

Your first and foremost contribution is to unnecessarily remark upon an obvious autocorrection error. This speaks volumes (i.e., reads: nitpicking BigLaw clown with limited intellect and a demonstrable lack of fiduciary prowess).

This is further evidenced by your nonsensical attempt to associate overspending with a draw to marketing. The only people that consider the purchase of a BMW to be synonymous with overspending are the ones lacking the technical sophistication to differentiate various engineering and manufacturing grades (again, a strong indicator that you’re an easily fooled consumer that lacks the skills necessary to differentiate between 1𝜎 and 3𝜎 accomplishments).

Ultimately, this is a testament to priding one’s self on being a cheapskate with no realizable advantage. Because while you were doing this five years ago, I took the $90K I could have spent on a new BMW and instead invested it in the market. That $90K became $208K and the loan I secured cost $1600/month for 60 months and ran a total of $96K. After taxes on long-term capital gains, I’m looking at a net investment profit of about $88K…which is well worth the $6K premium I paid for the car loan and almost enough net profit to buy a second BMW.

Next time, either do your homework…or pay a STEM professional to do it for you so you can land somewhere in the vicinity of a correct answer and profitable path forward. 
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics