I've been appoved for a loan... hahaha

[Blados 10+ year member]

I've been approved for an auto loan. Maximum of $11,000,apr of 21.3%, term 72 months. Hahahaha. Think I should take it?

Click to read more...

 

[Soul Reaper]

I've been approved for an auto loan. Maximum of $11,000,apr of 21.3%, term 72 months. Hahahaha. Think I should take it?

hell no. 21.3% will *** **** you. You will be paying $8,572 in interest over the life of the loan. The total you will payback to borrow 11,000 will be 19,572.

 

[Blados 10+ year member]

My current loan is at 7%, that's the problem

 

[pwnt by pat 10+ year member]

Um. Higher interest rates = worse for you.

 

[PhatTonyDeMarco 5,000+ posts]

My current loan is at 7%, that's the problem

//content.invisioncic.com/y282845/emoticons/eyebrow.gif.fe2c18d8720fe8c7eaed347b21ea05a5.gif How is that a problem?

You want more than triple your current rate?...

 

[Soul Reaper]

My current loan is at 7%, that's the problem

That same loan @ 7% would only cost you $2,502 in interest over the life of the loan. You'd pay back a total of $13,502 to borrow 11,000.

 

[Johnny Drama 5,000+ posts]

Is this a car loan?

You are getting *** ***** either way. Average car rate new is 6ish% used is 7ish%

Run...burn the paperwork and run.

 

[Johnny Drama 5,000+ posts]

Is this a car loan?
You are getting *** ***** either way. Average car rate new is 6ish% used is 7ish%

Run...burn the paperwork and run.

Oh, I wouldnt pay over 9% for ANYTHING. Hell, my gas card is 8.5% and I had to ***** to get that.

 

[AllStar1500bd 5,000+ posts]

I wouldn't pay that much no matter what, even if I was desperate.

 

[sue bee 10+ year member]

If I was a loan officer I would approve a corpse at a 21% interest rate.

 

[937DYTBOI 5,000+ posts]

yea that percentage is off the chain, i wouldnt take it

 

[IamDeMan 5,000+ posts]

21.3%

Holy widening of the *** with fat bats! Save more money for a down. that will bring APR down. 21.3 is way to **** much.

 

[IamDeMan 5,000+ posts]

Oh, I wouldnt pay over 9% for ANYTHING. Hell, my gas card is 8.5% and I had to ***** to get that.

I just got a card last month for 0%. Of course it's only introductory and last 1 year. I accepted and moved my other 2 cards to it and closed those accounts. Even with the transfers there isn't much on it and you can't complain about 0% for 12 mos with NO annual fee //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[Johnny Drama 5,000+ posts]

I just got a card last month for 0%. Of course it's only introductory and last 1 year. I accepted and moved my other 2 cards to it and closed those accounts. Even with the transfers there isn't much on it and you can't complain about 0% for 12 mos with NO annual fee //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

That isnt a bad deal. What does it jump to after the year? Most gas cards are in the 20% range. Ofcoarse you dont have to pay if you dont keep a balance. My CC is 4.9% but I rarely use it.

 

[rdzm50 10+ year member]

yeah that apr is raping you