I'd have never believed it, if I hadn't have seen it

[Baron Von Murderpaws]

I work in customer billing for Toyota. No, you don't want Toyota to finance your car. Believe me. This shit is FUCKED UP!


Anyway. Ran across an account this week with something interesting..............

Apparenlty vehicles are so expensive now, you can get your loan for up to 20 years!!
Yeah, thats right.........20 YEARS!!!!

I thought I was seeing things, but I looked at it real good, and yep.........somebody had their vehicle being paid out for 20 years!!
No, it wasn't a fleet or company, it was an individual. Must have been a truck or a SUV, as the price was $55K.

Pretty sad when your car needs a loan for as long as your house does.

 

[norwegen]

With interest, that's only about $250 or so a month.

If that's all you can afford, get a cheaper car.

 

[whitehall]

A Toyota whistle blower?

 

[DudleySmith]

It was insane when they began offering 6 year notes. We thought 18 months was crazy. My grandparents thought mortgages were crazy, and 5 year ones off the charts.

 

[DudleySmith]

Just another example of how utterly out of touch and corrupt most of the elites are in this country.

 

[johngaltshrugged]

So you're saying the 20 year loans aren't good?
Where were you last month with this info?

Oh well, only 239 more payments to go on this bad boy

 

[Donald H]

It's the American way. l
The buyer obviously doesn't intend to have to pay for it!

 

[Baron Von Murderpaws]

It was insane when they began offering 6 year notes. We thought 18 months was crazy. My grandparents thought mortgages were crazy, and 5 year ones off the charts.

I bought a used Acadia in 2017 for $16K. Just paid it off this month. 6 years.

I've seen a lot of used vehicles the SAME price or MORE than new ones of the same brand and model!!!

 

[occupied]

What a dismal job. No wonder you're cranky.

 

[strollingbones]

6 yr loan....first two years are nothing but interest

 

[ozro]

Last time I financed a car it was three years, and I thought that was too long. I paid it off before that. I can not imagine a 20 year loan for an automobile.

 

[norwegen]

I paid cash for my car. And for my home. I don't want to be beholden to anyone, especially for 20 years.

 

[ozro]

I paid cash for my car. And for my home. I don't want to be beholden to anyone, especially for 20 years.

Tell it! Nothing is more valuable than being debt free. I might not have the best home, the most productive land, the prettiest car, the best truck, the newest motorcycle or the fanciest quads, but what I have is mine and I don't owe anyone anything.

 

[norwegen]

Tell it! Nothing is more valuable than being debt free. I might not have the best home, the most productive land, the prettiest car, the best truck, the newest motorcycle or the fanciest quads, but what I have is mine and I don't owe anyone anything.

Mine aren't pretty, either, but they serve their purposes quite well enough, and yea, they're mine.

If you can't afford it, don't buy it, my grandpa used to say.

They're not junk, either, BTW.

 

[Coyote]

I work in customer billing for Toyota. No, you don't want Toyota to finance your car. Believe me. This shit is FUCKED UP!


Anyway. Ran across an account this week with something interesting..............

Apparenlty vehicles are so expensive now, you can get your loan for up to 20 years!!
Yeah, thats right.........20 YEARS!!!!

I thought I was seeing things, but I looked at it real good, and yep.........somebody had their vehicle being paid out for 20 years!!
No, it wasn't a fleet or company, it was an individual. Must have been a truck or a SUV, as the price was $55K.

Pretty sad when your car needs a loan for as long as your house does.

View attachment 802088

It is even sadder when cars cost as much as a house

 

[Coyote]

I haven’t bought a new car in decades.

 

[Baron Von Murderpaws]

What a dismal job. No wonder you're cranky.

I'm only cranky when having to deal with brianless fuktards such as yourself.

 

[HereWeGoAgain]

I work in customer billing for Toyota. No, you don't want Toyota to finance your car. Believe me. This shit is FUCKED UP!


Anyway. Ran across an account this week with something interesting..............

Apparenlty vehicles are so expensive now, you can get your loan for up to 20 years!!
Yeah, thats right.........20 YEARS!!!!

I thought I was seeing things, but I looked at it real good, and yep.........somebody had their vehicle being paid out for 20 years!!
No, it wasn't a fleet or company, it was an individual. Must have been a truck or a SUV, as the price was $55K.

Pretty sad when your car needs a loan for as long as your house does.

View attachment 802088

You'd have to be an idiot to finance a vehicle for that long.
Our rule of thumb is no more than four years.

 

[Toddsterpatriot]

I work in customer billing for Toyota. No, you don't want Toyota to finance your car. Believe me. This shit is FUCKED UP!


Anyway. Ran across an account this week with something interesting..............

Apparenlty vehicles are so expensive now, you can get your loan for up to 20 years!!
Yeah, thats right.........20 YEARS!!!!

I thought I was seeing things, but I looked at it real good, and yep.........somebody had their vehicle being paid out for 20 years!!
No, it wasn't a fleet or company, it was an individual. Must have been a truck or a SUV, as the price was $55K.

Pretty sad when your car needs a loan for as long as your house does.

View attachment 802088

Apparenlty vehicles are so expensive now, you can get your loan for up to 20 years!!
Yeah, thats right.........20 YEARS!!!!

Any link for this happening?

You sure it wasn't a 20-year warranty?

 

[Resnic]

I work in customer billing for Toyota. No, you don't want Toyota to finance your car. Believe me. This shit is FUCKED UP!


Anyway. Ran across an account this week with something interesting..............

Apparenlty vehicles are so expensive now, you can get your loan for up to 20 years!!
Yeah, thats right.........20 YEARS!!!!

I thought I was seeing things, but I looked at it real good, and yep.........somebody had their vehicle being paid out for 20 years!!
No, it wasn't a fleet or company, it was an individual. Must have been a truck or a SUV, as the price was $55K.

Pretty sad when your car needs a loan for as long as your house does.

View attachment 802088

I would have taken a 20 year loan if I had the option when I financed my Corolla.

All that means is my payments would be a lot smaller so if I ran into some financial trouble my car payment wouldn't hurt as bad until I got everything under control.

You can always pay more on your monthly payment and pay it off in 2 or 4 years.