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How do you even get a 78 month loan for a used car? What bank was like 'yeah this is legit?' My condolences on the forever debt.
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Jan 20, 2019 09:07
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The sad thing with a loan like that it's probably at some insane, credit card like interest rate too. One of my pastimes of looking at awful financial decisions is going through a lease-takeover website (in Canada we have Leasebusters) and filtering the results especially high end, luxury and sports cars. Some of the leases people get themselves into are amazing, with awful monthly premiums and the buy-out at the end basically way more than the vehicle is going to be worth. Or, leases where it's basically mile'd out and there is still over a year on the lease with $$rape$$ excess charges. The terrible leases on normal cars aren't quite as funny, they are more sad.
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Jan 20, 2019 15:48
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Plek posted:How do you even get a 78 month loan for a used car? What bank was like 'yeah this is legit?' My condolences on the forever debt.
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Jan 20, 2019 15:52
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wesleywillis posted:https://www.craigslist.org/about/best/orl/5948013632.html Old, but would this technically count as a H8? That’s 2 more H than a Boxster!
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Jan 20, 2019 18:50
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Plek posted:How do you even get a 78 month loan for a used car? What bank was like 'yeah this is legit?' My condolences on the forever debt. In this case it was actually through a local credit union somehow, but... Google "Santander" For example, https://www.thestreet.com/story/14174607/1/supreme-courts-rules-against-expanding-debt-collection-abuse-law-in-santander-case.html https://jalopnik.com/how-subprime-car-loans-are-ruining-lives-and-repeating-1796893288 Leperflesh fucked around with this message at 20:12 on Jan 20, 2019 |
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Jan 20, 2019 20:08
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Leperflesh posted:In this case it was actually through a local credit union somehow, but... Google "Santander" It's a self sustaining economy!
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Jan 20, 2019 21:24
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"I just got a job, my credit is bad, I have $4000 and I need something to drive. gently caress buying a 2-3k Honda, clearly the answer is to finance a GIGANTIC TRUCK". It's sort of hard to feel sorry for the guy. Though that subprime loan bond poo poo should have been made illegal with huge punishments for doing it 10 years ago, how is it still a thing..
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Jan 20, 2019 21:59
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This BS and student debt will change the face of the economy and free market for at least a couple generations. It's just really sad.
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Jan 20, 2019 22:06
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Grakkus posted:"I just got a job, my credit is bad, I have $4000 and I need something to drive. gently caress buying a 2-3k Honda, clearly the answer is to finance a GIGANTIC TRUCK". It's sort of hard to feel sorry for the guy. Slugworth posted:I got one on a couple year old truck, because I have excellent credit but make garbage money. So, long term loan, but low interest rate and monthly payments. It's a bummer being locked in such a long loan, but the truck will outlive the loan, so eh, whatever. But you needed the truck, right?
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Jan 20, 2019 22:38
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Cacafuego posted:But you needed the truck, right? I might need to move a couch some time in the future. Maybe. gently caress renting a Home Depot truck for $50 if the time ever comes, I need to have that ability 24/7
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Jan 20, 2019 22:44
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Cacafuego posted:But you needed the truck, right? Never underestimate the utility of a small truck. Or overestimate it, I guess. Super useful to have where I am at, but maybe not as much as a hatchback if I was in a city. It's a shame there's some kind of truck mark-up on even tiny, mostly rust old rangers and such.
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Jan 20, 2019 22:50
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A Ford Fiesta will quite happily tow a trailer large enough to hold a sofa, queen size bed and assorted bedroom furniture.
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Jan 20, 2019 22:57
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You're victim blaming, guys. Focus. Yeah people buy wrong things for too much money. 25% interest is still loving criminal. And some piece of poo poo scumbag talked him into believing he could afford it because people are financially illiterate and it's totally legal to exploit them.
Leperflesh fucked around with this message at 23:10 on Jan 20, 2019 |
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Jan 20, 2019 23:08
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Leperflesh posted:You're victim blaming, guys. Focus. Yeah people buy wrong things for too much money. 25% interest is still loving criminal. And some piece of poo poo scumbag talked him into believing he could afford it because people are financially illiterate and it's totally legal to exploit them. It's this. lovely car loans are the new payday loan scam.
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Jan 20, 2019 23:25
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Cacafuego posted:But you needed the truck, right? I appreciate the concern/superiority, but the reason I have excellent credit is because I don't take on loans I can't afford??
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Jan 21, 2019 02:00
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Slugworth posted:I needed a new (used) automobile and a truck best fits my lifestyle, while definitely not being an absolute necessity, yes. Trying to shame someone for having a vehicle that isn't 100% the most practical possible option for them is a super bizarre take in AI. For the record, the loan was 6 months longer than the one I had previously on my focus, and 12 bucks more a month. e: eh, gently caress it, I'm not effortposting in PMs. I'll just crosspost it so I don't bog this thread down. Cacafuego fucked around with this message at 03:10 on Jan 21, 2019 |
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Jan 21, 2019 02:55
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I remember reading that Jalopnik article last year, and that guy is both a huge idiot and the victim of predatory lending. There's also no way he's anything like the average subprime borrower since he had $4k in available cash for a down payment. In any case, a lot of people spend too much on loans because it's actually kind of hard to secure a non-predatory small personal loan with poo poo credit. A lot of times they're going to be on very short terms that might make the payments out of reach or difficult, which makes a much longer term loan on something like a $12k car suddenly seem really appealing. BHPH places basically rely on the fact that most of their customers can't just easily go out and get a good personal loan for $5k.
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Jan 21, 2019 04:56
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Paradoxish posted:I remember reading that Jalopnik article last year, and that guy is both a huge idiot and the victim of predatory lending. There's also no way he's anything like the average subprime borrower since he had $4k in available cash for a down payment. Car financing for low value cars is unbelievable. I had a friend get 10 credit inquiries from one of those "low credit" dealerships, they ended up with a 5 year, 16% interest loan on a loving Yaris. That "$4000" car is going to cost more than $7000 I was approved for (and thankfully talked down from using) a $3k personal loan from the exact same credit union that had just declined my $3k auto loan application earlier that week 
The Door Frame fucked around with this message at 05:23 on Jan 21, 2019 |
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Jan 21, 2019 05:21
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  That's one fresh-rear end not-a-fairmont.
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Jan 22, 2019 07:47
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Noob here, been lurking for a while, and thought I could contribute some Down Under content. I've been a motorhead since birth, but never seen a motoring forum that could keep me entertained for a week solid (and I've only scratched the surface)KakerMix posted:
This sent me searching. An American (not-a) Fairmont ? That was a new one on me. geez 80's American muscle was ugly This is an '81 Australian Fairmont, which is just an optioned up Falcon. Most were 6's, but 302 & 351 Clevo's were still an option. Unadulterated V8 models are as rocking horse poo poo these days though  Australia's Craigslist (sans hookers) is a "free" site owned by ebay, called Gumtree https://www.gumtree.com.au/s-ad/hobart-cbd/cars-vans-utes/1981-ford-xd-ghia/1191846752 And keeping with the spirit of the thread, I laughed when I first read this ......... and now I'm thinking I might buy the bloody thing if it's still in one piece.  That's not a bullbar, mate ... THIS is a bullbar https://www.gumtree.com.au/s-ad/sydney-city/cars-vans-utes/triton-diesel-ute-5-speed-run-out-of-diesel-can-t-get-it-runnin/1206800412 I have the same model in a petrol engine. Bought it 6 months ago for $500 with 170,000 k's, done 30,00 km since with no issues.
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Jan 23, 2019 19:07
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TwoogBuk LLC posted:Noob here, been lurking for a while, and thought I could contribute some Down Under content. I've been a motorhead since birth, but never seen a motoring forum that could keep me entertained for a week solid (and I've only scratched the surface) Thats... not muscle. That was a "sporty" (e.g. "2-door") version of an economy family sedan, and the Mercury version to boot. It just could be had with a V8 (302W), such as it was, and shared a platform with the Fox-chassis Mustang, so can now be made into a stealth Mustang, essentially. I don't know if I'd go with ugly, but they were... uninspiring. Fake everything. There was a version with a swoopier roof (Ford Fairmont Futura) that was a bit more attractive, but they still insisted on a vinyl half-top and two tone paint on it. Also a wagon. https://en.wikipedia.org/wiki/Ford_Fairmont quote:And keeping with the spirit of the thread, I laughed when I first read this ......... and now I'm thinking I might buy the bloody thing if it's still in one piece. You guys definitely know how to build a bull bar. I've seen a few of those leaking out over here in the US on big rigs, and a lot of the tube style bars on newer tractor trailers, presumably because they don't put those massive flat steel bumpers on them any more, and over-the-road guys want some additional protection.
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Jan 23, 2019 19:42
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Darchangel posted:Thats... not muscle. That was a "sporty" (e.g. "2-door") version of an economy family sedan, and the Mercury version to boot. It just could be had with a V8 (302W), such as it was, and shared a platform with the Fox-chassis Mustang, so can now be made into a stealth Mustang, essentially. The specific example pictured is equipped with the 2.3L "Lima" OHC four, producing ~66kW.
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Jan 23, 2019 20:05
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Dagen H posted:The specific example pictured is equipped with the 2.3L "Lima" OHC four, producing ~66kW. Oh dear. And that looks like 2 ton of steel.
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Jan 23, 2019 21:15
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Bit less than 3000 pounds. And you could get it with the *turbocharged* 4-banger - though it was still carbureted. 120 HP! To be fair, the 302 was only 140.
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Jan 23, 2019 21:20
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A car that big and that old being less than 3000 lbs is gonna fold like a soda can with the driver in it. Which means I must have it.
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Jan 23, 2019 22:02
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They’re slightly larger than a Mustang if the time, so... not that big? “Big” is an early ‘70s Olds 98, or Powershift’s Lincoln Mark. Even in ‘80, a Caprice or Town Car were bigger by several feet. The Fairmont/Zephyr were compacts at the time.
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Jan 23, 2019 23:10
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Wasn't that the T-Bird of the time?
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Jan 24, 2019 00:52
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C-Bangin' it 
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Darchangel posted:You guys definitely know how to build a bull bar. I've seen a few of those leaking out over here in the US on big rigs, and a lot of the tube style bars on newer tractor trailers, presumably because they don't put those massive flat steel bumpers on them any more, and over-the-road guys want some additional protection. That size/style bullbar (5 poster) on a light commercial ute is pretty outrageous, tbh, and not too common here, but the style is practically compulsory for any long hauling semis. The big chrome bumpers (I call them dozer blades) never took off here. You see the odd one, almost always on city trucks. I have a stupid plan to build up an old crapper as a mini prime mover with an overpowered Cummins, stack, tanks etc, and that bar is a perfect fit. I'll probably end up in the BWM threads at some point.
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Jan 24, 2019 03:58
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I don't mean to thread flood ........ this needs to be shared, is about all I have to say https://www.gumtree.com.au/s-ad/albion-park/cars-vans-utes/1977-holden-belmont-one-tonner/1207753425
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Jan 24, 2019 04:32
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Nice patina.
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Jan 24, 2019 14:56
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TwoogBuk LLC posted:I don't mean to thread flood ........ this needs to be shared, is about all I have to say Jesus, just when I think I escaped those wheels, they come back to haunt me. Those. loving. Wheels.
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Jan 24, 2019 16:30
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Colostomy Bag posted:Wasn't that the T-Bird of the time? Sorta. The T-bird was a bit bigger, but it *was* still based on the same Fox platform 1980-88 with a stretched wheelbase. Exclusively 2-door. It's Mercury Cougar counterpart actually came in sedan and wagon as well! https://en.wikipedia.org/wiki/Ford_Thunderbird_(eighth_generation)  Same styling. keykey posted:Jesus, just when I think I escaped those wheels, they come back to haunt me. Those. loving. Wheels. Hey! Ansen Sprints (or facsimiles thereof) are classic! (But they need to be deep-dish.) edit: I kinda like the early-'80s T-bird. With a modern engine, or at least a built 302, it's would be pretty nifty. I definitely like the 6th-gens, especially with the turbo-4. And I still want a Mark VII LSC with the 16" factory BBS wheels and 5.0HO. Darchangel fucked around with this message at 16:56 on Jan 24, 2019 |
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Jan 24, 2019 16:54
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Darchangel posted:Hey! Ansen Sprints (or facsimiles thereof) are classic! (But they need to be deep-dish.) There was a period of time in the 80's where every loving car from trade-in/auction had those fuckers on it. They got to be the lovely wheels of the decade, much like these were about 10 years ago:  Couldn't go anywhere without seeing these on random vehicles, the distastefulness knew no bounds.
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Jan 24, 2019 17:03
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Jan 24, 2019 17:16
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 What in god's name...
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Jan 24, 2019 17:19
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Well hopefully it is cast in magnesium.
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Jan 24, 2019 17:35
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Shamino posted:
It's a motorcycle wheel. 30" front wheels are pretty normal in the idiot harley crowd. 
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Jan 24, 2019 17:42
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Ahh, I thought it was a donk wheel. That makes much more sense.
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Jan 24, 2019 17:43
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Shamino posted:Ahh, I thought it was a donk wheel. That makes much more sense. Sadly it could have been something incredible.
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Jan 24, 2019 17:46
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i'm not a mechanical engineer but the way those "spokes" go into the hub off-center does not seem good to me. Also goddamn it all looks so flimsy.
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Jan 24, 2019 18:00
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