Reddit personal finance car buying
WebNot sure if this is the spot to discuss this. I lease a 2024 Hyundai Ioniq electric car. I'm nearing the end of the lease and decided to look into buying it outright. They quoted me $16,500. I would put $2,000 down on it, making the loan $14,500. The dealership offered me a 9.13% interest rate on a 4-year loan. WebNov 4, 2024 · When you buy a car, you lose the opportunity to invest your money into assets that can grow and pay dividends in the future, such as real estate or stocks. The effects of compound interest are...
Reddit personal finance car buying
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WebDec 23, 2024 · More. Reddit is best known for its tips, tricks and hacks, which might be helpful if you use them for inspiration instead of advice. (Getty Images) Personal finance advice is all over the Internet ...
WebJan 18, 2024 · Starting at 4.59% (through PenFed Car Buying Program) Starting at 5.24% (car loans for 2024 or newer vehicles) Starting at 5.99%* with autopay and excellent credit. WebApr 3, 2024 · At the end of 2024, the average new car cost about $47,000, and the average used car approached $27,000. 2 1 Financial experts generally recommend capping auto payments and related expenses at...
WebMar 15, 2024 · r/personalfinance is a popular Reddit Personal Finance Community that has over 15 million members. The community members share wisdom and tips with the other readers, and other users comment adding more value or presenting a counter perspective. We have compiled a list of some of the best Reddit personal finance tips found on this … WebNov 23, 2024 · If you walk into the dealership and finance a used car worth $8,000 and end up with a 3 percent to 5 percent interest rate, you can guarantee yourself paying a few extra thousand on that car. Buying that same $8,000 dollar car outright can save you time, money, and headaches.
WebBuying a 53k car while only bringing home 72k doesn't sound like a good idea unless you have a massive amount of pretext deductions (IE you're maxing your 401ks in addition to …
WebThe used car buyer is both saving $14,339.81 in the initial purchase price, but is also getting $9,203.37 less depreciation over the life of the car. Financing Charges On the other hand, … great barrier reef outer spaceWebAbout 60-65k invested between IRA/401k/personal brokerage account My fixed expenses right now are relatively low. $1700 total fixed expenses (rent, insurance, phone). I also spend about $400-500 a month on eating out and $300 a month on gas. Traveling frequently, spend about 12-13k a year on vacations. chop family portalWebMar 15, 2024 · r/personalfinance is a popular Reddit Personal Finance Community that has over 15 million members. The community members share wisdom and tips with the other … great barrier reef pontoon stayWebJan 18, 2024 · Buying a new car is almost always more expensive than buying a used car. Not all dealerships sell certified preowned cars, so if you're looking for a used vehicle, you may find more... great barrier reef platformWebOct 11, 2024 · Personal finance is personal, but everyone wants a rule to follow. So, when pressed, I would say spend up to 35% of your annual income on a car. This covers most bases. If you only earn $20,000 a year, it gives you a budget of $7,000. That’s not a lot, but it’s definitely enough to buy an older yet still reliable used car. great barrier reef pontoon toursWebHere’s my question - while my car is still up there in value and before age leads to more costly repairs, is it worth buying a new car? I’d be lying if I didn’t say all these new car features are tempting too. I can afford a new car comfortably, but I don’t know if it makes sense from a personal finance perspective. chop fall pathwayWebMar 15, 2016 · If you finance $25,000 for four years at 6.9 percent APR, you'll pay $3,680 in interest over the life of the car loan. When you consider that the average depreciation rate for new cars is 20 percent the first year and 15 percent after that, this same vehicle will lose another $13,734 in value over the life of the loan. chop family learning center