Finance wheels?

[BASS_WARRIOR 10+ year member]

Well im pretty sure Discount tire will finance but their rims are so overpriced...

They finance if you get approved for one of there credit cards thats it.

 

[Scoobydoo 5,000+ posts]

1500 dollars @ 19% would turn into 1785 dollars.
then your looking at sales tax (if you have it in your state), possible installation fees, and additional hardware they might need, such as wheel locks or spacers or maybe chrome lugnuts cuz theyz be pimpin yo.

shit adds up.

actually your way off, you cant just multiply $1500 x 19%, interest rates dont work that way. they arent a one time fee, they compound

$1500 x .19 / 12 = $23.75 per month in interest

 

[mapolley07 10+ year member]

actually your way off, you cant just multiply $1500 x 19%, interest rates dont work that way. they arent a one time fee, they compound
$1500 x .19 / 12 = $23.75 per month in interest

and then they compound on top of that, so its even higher, they take the current balance of the account (with all interest previously charged) and add interest to that, so you pay interest on the interest they already charged because you owe them that money

financing rims is just stupid, period. if you want them, save up and buy them later. you are better off putting your money into savings or into a retirement account, rims are the last thing you need to drop 2 grand on in a declining economy

 

[probmxstyle 10+ year member]

Dont you relize by the time you pay it off your going to need new tires again and going to have to start the whole process over again?

 

[Scoobydoo 5,000+ posts]

ya, if he were to pay exactly $23.75 a month for 1 year then pay off the $1500 the last month the total would be $1785

it sounds like you have enough money to make large payments. if you can just save the money for a few months until you have the $1500 to pay cash

my last bit of advice before i leave this site

 

[streetbeatcstm]

Go in w half the $ to put down then..

 

[ngsm13 5,000+ posts]

I honestly cannot believe the mindset of some of the turds on this forum.

INdeed.

One dollar ballers...

nG

 

[twisztdauthorit 10+ year member]

I really don't care if the interest rates are like 19% if I pay fairly large payments it wont be a big deal. If I sit on it and make minimal payments I would see how this would be stupid to do.

either way this is stupid...

Dont buy shit unless you can afford it.

 

[infamous_e46 5,000+ posts]

dont know if they fit but i am selling my all black stern st2 18x8.5 all around 38mm offset

off of my 01 bmw 325i

750 shipped

 

[newusername 10+ year member]

You should buy a big expensive house while you're at it. Something subprime, I think. That's what a responsible buyer does.

 

[TC2k15x2 10+ year member]

because if your too poor to afford to buy wheels and tires, you have bigger problems.

I have no bills, I still live with my parents. I can afford them I would just have to save up to get them.

 

[TC2k15x2 10+ year member]

dont know if they fit but i am selling my all black stern st2 18x8.5 all around 38mm offset
off of my 01 bmw 325i

750 shipped

pics?

 

[ebrunn 10+ year member]

I have no bills, I still live with my parents. I can afford them I would just have to save up to get them.

If you really want them now and cant wait, your better off just getting your parents to co-sign on a small loan. Prolly would get a better interest rate if your parents have good credit.

 

[TrippleT 10+ year member]

i think its funny how everyone on here cares so much about you that they are trying to be your financial councler lol

tirerack.com

discounttire.com

just google "sell me some rims"

check out ebay and do the payment plan...

 

[TC2k15x2 10+ year member]

If you really want them now and cant wait, your better off just getting your parents to co-sign on a small loan. Prolly would get a better interest rate if your parents have good credit.

Seems like a pretty good idea...