Posted on 04/15/2024 10:40:17 AM PDT by C19fan
Three years ago, 28-year-old Blaisey Arnold entered a local auto dealership and came away with the keys to an $84,000 Chevy Tahoe.
But this month, the wedding photographer and mother shared a video to TikTok describing how she was forced to sell her dream car.
(Excerpt) Read more at dailymail.co.uk ...
She apparently makes $50K/year but was able to finance an $83K car?
She’s an idiot along with whomever funded her note.
She was so happy that Trump was removed from office that she decided to splurge. Her man Biden screwed her though, even though she was too old for him, with inflation. Her interest rate would have been much higher, so no, that wasn't an option.
At least bankruptcy is an option.
Until about 25 years ago, I had never paid as much as $2000 to buy a vehicle. Then I had to spend about $23K on a new F-250 for work.
“Why is this Chevy so freaking expensive!?”
UAW
“Chevy? No. It’s a Chevrolet!”
Yeah, as much as she’s paying, she gets to use ALL the letters.
That’s funny.
Who knew Red Barchetta would be so prophetic.
'Honestly, it blows my mind that I have paid $50,000 into this car and only paid off $10,000,' Arnold said.
Wrong. She had negative equity on her trade in. She's actually paid $50,000 in on TWO cars.
Idiot woman.
damn... 84000 financed is going to cut into her cosmetic surgery budget...
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And her necessary cosmetic dental needs. Didja see her pic at the link?
yeah, 3 years ago interst rates were a fraction of what they are now. I had to buy a car in 2021 and financed it as I was able to get 2% interest loan
Which means they raised the price of the Tahoe by the amount she stilled owed on the older vehicle she traded. She may have financed over $90K.
LoL. So she compounds the problem by buying an $80k car? She's getting what she deserves.
maybe if she hadn’t wasted so much money on lip fillers and botox treatments!
She looks AWFUL!
Why is it these women can’t SEE how AWFUL this makes them look!?
You could buy half of a nice income producing rental property for that amount.
And then buy a used Ford Fusion for $5,000.
Priorities, some people have unhealthy ones.
You mean like that fat girls wearing black leotards everyday on every occasion.
It's worse than that. She didn't just owe money on it; she owed more than it was worth. I'd say she's as dumb as a box of rocks, but the rocks might be offended.
Not understanding compound interest:
payment = PMT( rate, payments, amount)
payment = PMT(10.2/1200, 84,84000)
payment = $1,403.20
10.2% APR, is 10.2/1200 monthly rate
84 payments
$84,000 is probably the new vehicle + negative equity
If the original loan was 84,000 dollars, at 10.2% compounded monthly, after 36 payments she would have paid $50,400 in total, of which is $21,631.48 interest, $28,883.72 of principal, and owed $55,116.28.
I wonder if she got a dream man to go with her dream car.
It sounds like it’s time for the Feral Government to give vehicle loan forgiveness. /s
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