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FAUXTON posted:That's impressive even with the "lol wells fargo" factor. This was 2009, so I think the prime rate then was 3.50% or something. I'm sure today WF offers it at 9.50% or more.
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Nov 21, 2018 09:39
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Credit cards go that low? Jesus. Mine are both are 24%
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Nov 21, 2018 09:40
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GoGoGadgetChris posted:Credit cards go that low? Jesus. Mine are both are 24% Keep in mind these are employee cards so underwriting is a breeze unless they want a limit increase. Capone keeps throwing increases at me like I need them - I started with a $1500 limit in like 2013 and now it's 7k. I've never asked for an increase, I've never carried a balance for more than a month or two, but I guess they plan on me using $7k at some point. I get no kind of cash back or points or anything, though. They used to ask me about upgrading but then I wouldn't have this lil guy on the card:  idgaf if it's bwm if I can't have graeme on my card no deal mofos
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Nov 21, 2018 09:53
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Power of Pecota posted:I feel like the most charitable reading of that is "he's heard it so many times he's just numb to it by now" and that's what I'm choosing to believe. Honestly, he reads as cripplingly depressed to me. He's not so much ignoring it as incapable of dealing with it at all.
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Nov 21, 2018 10:19
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This was posted right after the last bitcoin surge at the end of 2017/beginning of 2018.quote:My [23M] friends [20-28MF] are being roped into investing in Bitcoin. Is it in my place to advise them otherwise? https://www.reddit.com/r/relationships/comments/7v2kx2/my_23m_friends_2028mf_are_being_roped_into/ He didn't say anything to his poor friends.  Remember kids, if your friends or loved ones start talking about fiat currency, are running up $1,300 per month electricity bills, and denying their children $3 pizza because they need it for the crypto fund... don't be silent. 
Leon Trotsky 2012 fucked around with this message at 16:15 on Nov 21, 2018 |
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Nov 21, 2018 16:06
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I had to double check the boyfriend's age in the title. quote:My (F22) boyfriend (M31) of 2+ years can't decide on a job. He changes his mind about the job he wants at least every month.
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Nov 21, 2018 16:14
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I think I found the problem:quote:cultivating marijuana, opening a cannabis dispensary, building a business from his home brewing experimentation
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Nov 21, 2018 16:19
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FAUXTON posted:Keep in mind these are employee cards so underwriting is a breeze unless they want a limit increase. You should at least product change it to the Quicksilver, which is 1.5% back on everything. It allows you to have your own picture on the card. I know this because I do the same thing with a photo of one of my guinea pigs, and can't bring myself to give that up for the objectively better Citi Doublecash card.
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Nov 21, 2018 16:25
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Leon Trotsky 2012 posted:I had to double check the boyfriend's age in the title. This is a constant theme in like 20% of reddit relationship posts - some 30 year old starts dating an 18 year old girl, and over time the girl matures into an adult and then can't figure out why the 30 year old going out with high school girls turns out to be a huge loser after all
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Nov 21, 2018 16:27
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Droo posted:This is a constant theme in like 20% of reddit relationship posts - some 30 year old starts dating an 18 year old girl, and over time the girl matures into an adult and then can't figure out why the 30 year old going out with high school girls turns out to be a huge loser after all My favorite part out of all of that is that he wants to start training for the NFL, so he can get drafted next season and start his professional football career at 32 or 33. Brett Favre has inspired a generation.
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Nov 21, 2018 16:29
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Leon Trotsky 2012 posted:
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Nov 21, 2018 16:41
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Sirotan posted:You should at least product change it to the Quicksilver, which is 1.5% back on everything. It allows you to have your own picture on the card. I know this because I do the same thing with a photo of one of my guinea pigs, and can't bring myself to give that up for the objectively better Citi Doublecash card. Oh, I had no idea I could use a picture for the Quicksilver card. Thanks!
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Nov 21, 2018 16:57
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quote:My brother in law bought a used BMW for $15000 with a credit card at 26%apr https://www.reddit.com/r/AskReddit/comments/9z3c0p/what_is_the_worst_way_youve_seen_someone/
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Nov 21, 2018 17:46
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Paul ReiserFS posted:https://www.reddit.com/r/AskReddit/comments/9z3c0p/what_is_the_worst_way_youve_seen_someone/ Pay that poo poo off right away and get reward points, and it's good with money. Although I highly doubt that is what the referenced person did. Also buying a BMW is always BWM unless you are getting the maintenance for free
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Nov 21, 2018 17:51
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GoGoGadgetChris posted:Pay that poo poo off right away and get reward points, and it's good with money. Although I highly doubt that is what the referenced person did. Also buying a BMW is always BWM unless you are getting the maintenance for free My dad figured out he could pre-pay his AmEx and then buy solar panels for his house and collect enough points for a sweet holiday. GWM but goddamn I have to hear that story every time credit card rewards are brought up.
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Nov 21, 2018 18:01
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If he got to pay a car with a CC he very likely overpaid more than whatever rewards he’s getting.
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Nov 21, 2018 18:25
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Ur Getting Fatter posted:If he got to pay a car with a CC he very likely overpaid more than whatever rewards he’s getting. Is this a thing? I thought you typically negotiated the price before you told them cash, check, Briefcase full of doubloons, credit card, etc
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Nov 21, 2018 18:45
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if you tell them CC they will say "gently caress off" since they pay fees on that which will pretty well gently caress up the dealer's margin i am aware of some guy who ran a very expensive vehicle purchase on an amex black but if you're going down to your local brand x store they are going to tell you to get hosed
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Nov 21, 2018 18:46
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Most dealers will not let you pay more than a holding deposit or at most a few thousand dollars for a car on a credit card; a 2% or thereabout interchange fee ends up costing them hundreds of dollars. My strategy on this is to negotiate the price of the car and then after that is set in stone start asking about credit cards. I once was able to put $9,000 of a used car on a credit card but that's the best I've ever done.
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Nov 21, 2018 19:13
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Leon: As someone who enjoys your posts in this thread, please stop posting in D&D it’s just not worth it!
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Nov 21, 2018 19:29
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mike- posted:Leon:
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Nov 21, 2018 19:31
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BEHOLD: MY CAPE posted:Most dealers will not let you pay more than a holding deposit or at most a few thousand dollars for a car on a credit card; a 2% or thereabout interchange fee ends up costing them hundreds of dollars. My strategy on this is to negotiate the price of the car and then after that is set in stone start asking about credit cards. I once was able to put $9,000 of a used car on a credit card but that's the best I've ever done. Some dealerships basically get you approved for a card, on which you put part/all of the down payment. It's using credit to pay into a loan and exceedingly bwm
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Nov 21, 2018 19:32
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mike- posted:Leon:
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Nov 21, 2018 19:40
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Yeah, CC for points never works out for cars. Best I did was when I bought my last car for cash and they let me put $3k of it on my card (which I then paid off and got the points) and they acted like dicks about it. Not that I care what a car dealer thinks of me. Doesn't matter if the margins are thin or not, dealers have it beaten in to them to give no quarter, and the fees they pay for CC add up. Not saying I feel sorry for them, that's just how it is. On another note, auto financing is such a racket that they actually hate you a little if you come in with cash or your own bank loan. You'd think they'd like an easy sale but that isn't how they view it at all.
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Nov 21, 2018 20:04
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Ixian posted:You'd think they'd like an easy sale but that isn't how they view it at all. I bought my last car new and while I had enough to buy it outright, the terms of a loan seemed advantageous to me. When I told them I could be convinced to pay in cash if they gave me a deal, they flipped it and threw in a $75 trunk cover-thing if I financed since they get a kickback from that (even with the 0.9% APR or whatever low rate it was). They said I should pay it off immediately since the interest wouldn't kick in for 60 days if I wanted to pay cash and still get the cover, they were cool with that. Not that is was a big deal either way, but the old "If you pay cash right now you'll get a better deal" is one of those things that lots of people say but doesn't work that way in practice anymore.
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Nov 21, 2018 20:23
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KYOON GRIFFEY JR posted:if you tell them CC they will say "gently caress off" since they pay fees on that which will pretty well gently caress up the dealer's margin My mother bought a car on an Amex black, she negotiated the price and they were all how much would you like to put down for a deposit, minimum is $1k we take Visa mastercard amex. The guy nearly fell off his chair when she said all of it and pulled out the card. Took her walking out the door for them to run out and allow it. They were pissed, but not enough to cancel the deal. Lockback posted:I bought my last car new and while I had enough to buy it outright, the terms of a loan seemed advantageous to me. When I told them I could be convinced to pay in cash if they gave me a deal, they flipped it and threw in a $75 trunk cover-thing if I financed since they get a kickback from that (even with the 0.9% APR or whatever low rate it was). They said I should pay it off immediately since the interest wouldn't kick in for 60 days if I wanted to pay cash and still get the cover, they were cool with that. Yeah I just bought a new car, could have just paid cash for it but they weren't offering any discount for cash vs financing, and the rate was 0% for 6 years. I don't know how they make that work but I'll take it.
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Nov 21, 2018 20:31
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Lockback posted:I bought my last car new and while I had enough to buy it outright, the terms of a loan seemed advantageous to me. When I told them I could be convinced to pay in cash if they gave me a deal, they flipped it and threw in a $75 trunk cover-thing if I financed since they get a kickback from that (even with the 0.9% APR or whatever low rate it was). They said I should pay it off immediately since the interest wouldn't kick in for 60 days if I wanted to pay cash and still get the cover, they were cool with that. Don't you have to pay to have the lien recorded against your car when you take out a loan? Or maybe that's just another of the 'negotiable' fees. Bought a car for cash, and gosh what do you know, they just 'accidentally' forgot to take off the fee for the lien! We'll go ahead and get that fixed.
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Nov 21, 2018 20:44
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TrueChaos posted:Yeah I just bought a new car, could have just paid cash for it but they weren't offering any discount for cash vs financing, and the rate was 0% for 6 years. I don't know how they make that work but I'll take it. In most cases you have to give up an additional cash incentive in order to receive 0% financing. For example GMC's current offer which is being advertised is 0% financing for 6 years or alternately an additional $1,250 rebate. You can do the math to figure out the imputed interest rate.
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Nov 21, 2018 20:47
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mike- posted:Leon: Please do Leon! They're not interested in debating or discussion, let them have their circle jerk.
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Nov 21, 2018 21:04
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So down payment on a credit card is generally ok? Interesting.
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Nov 21, 2018 21:31
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GoGoGadgetChris posted:So down payment on a credit card is generally ok? Interesting. I was able to put 5k down on a 0.99% 3-year used car loan without any apparent additional fees. I also got a deep-seated hatred of used car dealers and will be extremely abusive towards them in any future dealings.
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Nov 21, 2018 21:41
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They only let me do $1,000 on the card, apparently they used to allow more and some people did buy new Toyotas with cards.
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Nov 21, 2018 21:44
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Hoodwinker posted:Yeah, jesus dude chill out and come hang out with us instead.  .In other news, I'm looking forward to the Black Friday sale on stocks. It's kinda nice when the poo poo you buy every other week anyway goes on sale.
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Nov 21, 2018 22:27
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BEHOLD: MY CAPE posted:In most cases you have to give up an additional cash incentive in order to receive 0% financing. For example GMC's current offer which is being advertised is 0% financing for 6 years or alternately an additional $1,250 rebate. You can do the math to figure out the imputed interest rate. Yeah I know, which is why I was looking to see what the rebate would be. But, there wasn't one. Some models had quite a bit of a cash incentive, but this one didn't. Joys of dealers clearing out the 2018's!
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Nov 21, 2018 23:24
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Devor posted:Don't you have to pay to have the lien recorded against your car when you take out a loan? Or maybe that's just another of the 'negotiable' fees. I didn't have a lien fee, though there was a fee line regardless (it wasn't much and the total price was still well under MSRP) and the APR wasn't 0, it was either 0.9 or 1.9, I don't recall now. The total was the same either way, though I didn't think to ask if I could have put some/all of it on a credit card.
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Nov 21, 2018 23:28
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baquerd posted:I was able to put 5k down on a 0.99% 3-year used car loan without any apparent additional fees. I also TrueChaos posted:Yeah I just bought a new car, could have just paid cash for it but Lockback posted:I bought my last car new and Ixian posted:Best I did was when I bought my last car for cash and Going to quote this poster whose opinion we can all agree everyone respects and admires GoGoGadgetChris posted:https://www.youtube.com/watch?v=spo1jK4CCEU
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Nov 21, 2018 23:44
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Apologies, content:quote:I’m a 20 yo with a really lovely dying car and out of an act of desperation went to a car dealership. Help. At least they dodged a bullet, though only because they didn't have the downpayment...
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Nov 21, 2018 23:51
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Pobody's nerfect
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Nov 22, 2018 00:04
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This dude figured out how to get debt on his debt. Spiraling into a hole of debt https://www.reddit.com/r/personalfinance/comments/9z88mr/spiraling_into_a_hole_of_debt/ quote:I have two loans out with the bank. I owe $75 from last month, and $75 this month. I also owe $140 this month. The payments of $75 and $140 are 2 separate personal loans I took out before I knew what the gently caress I was doing. I have the first one paid off about 14%. The second one just started to require monthly payments, as of the beginning of this month.
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Nov 22, 2018 00:28
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Lockback posted:This dude figured out how to get debt on his debt. "/r/borrow"  imagine loaning money to randos on reddit
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Nov 22, 2018 00:40
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