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 ...
What fool pays 85k for a Tahoe?
Even she didn't. She traded in her previous vehicle, which she was upside down on. That was loaded into this loan.
But she “deserved” it
.
Big Chevy dealer near me has new Tahoes $76k to $87k.
No down payment, plus negative equity in her trade-in. This chick didn’t just get this stupid overnight, she’s been at it for awhile.
Yes as they say “Stupid should hurt.” That’s just called learning the hard way.
Not saying she's not a financial idiot, just the numbers just don't add up.
She is clearly a financial idiot. Instead of whingeing about white supremacy, schools should teach compound interest and the magic avoiding debt.
The best advice anyone ever gave me was an old boss who gave me two words “avoid debt”. I also took a course in engineering economics, which has proved to be one of the most practical courses I ever took.
I bought a 2022 GMC Canyon and was prepared to pay the balance after trading in my 2016 Canyon with cash.
Stuck the best deal and they had a three year zero interest rate offer. So in that case I went with the loan. But normally I would never borrow money to pay for a vehicle.
Same mindset (brain-dead) as all the liberal s-stain morons who take out huge school loans then demand someone else pay them off.
84 months?
Just about every add on the linked page has to do with finances, spending money, etc. People with money problems will want to check out the story.
ENGINEERED CLICKBAIT!
Saw something about this on YouTube her husband is in just as bad or worse shape with his truck
Be careful. I am sure you are, but those interest free loans often have snapback with punitive interest rates if you miss a single payment.
Dealers often make as much off the finance contract as they do off the sale. Negotiate your best deal, while leading the dealer to think you might have to finance. When it comes to close, decline the financing. You can probably get a better rate from your credit union anyway.
But you are correct, best bet is to save up and pay cash. Self discipline will make you rich.
Humongous, obnoxious and expensive jacked up trucks and SUVs to drive to the supermarket became the rage about ten years ago.
Stupid.
Reminded me of the unnecessarily big 1980s boomboxes.
You posted a story without reading it?
Not a bright person.
An extended family member is paying over $550 for 84 months for a 2024 Chevy Trail Blazer.
There’s a high probability that vehicle won’t make it to the finish line.
Re: 15 - if she added into the Tahoe financing an in an upside down trade-in, I question if she could get a refi. Her LTV would be awful.
Do what the rest of the American middle class are being forced to do...What’s left of the middle class that is. Buy used, buy old! Don’t borrow ANY money for a vehicle...It’s a trap.
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