I automatically think less of anyone who doesn’t buy Toyota at this point. Used or new, no other maker comes close to the value. I don’t even like their cars but I’d never claim that my personal flavor is better than Toyota’s offerings outside of my own niche interests (and I’ve still got a Corolla I drive most days in the summer). $1,400 a month for a fucking Tahoe is ridiculous and I have a hard time having any sympathy for someone stupid enough to make that their “dream car” or worth taking out a $84,000 loan for.
I did the math for the interest rate since they didn’t bother to in the article. The article says she had paid $1400/mo for 3 years and had only paid 10,000 toward principal. Assuming that’s 36 months of payments, the interest rate would be around 15.5%. The payment term would have been 10 years and total payments would end up being $168k.
Predatory lenders and financial illiteracy; a perfect match made in hell.
While whoever did that to her really ought to be in jail, she does need to take some responsibility
most people dont need such a big vehicle - clearly it will be expensive
most people shouldn’t get the top end trim of whatever vehicle
Unless she willingly went into this because she used to have higher income, I do t see how she could claim complete ignorance
That kind of interest rate indicates she was a bad credit risk, either because she made the same mistake before, or she couldn’t afford it. If she’d already made the same mistake, will she ever learn? If she just plain couldn’t afford it, yeah, a lot of that is on the scummy salesman
If you’re a financially strapped consumer looking for a car, you’ll find no better deal than one of Toyota’s models, excepting some special scenarios. Their slow progress towards EV adoption doesn’t negate that.
I don’t see why it’s a big deal that they’re dragging their feet on EVs in classic Toyota style. This is what they do and why they’re so reliable. Other companies jump headfirst into projects often with disastrous results.
Not to mention Toyota was first with the hybrid and hybridizing a good chunk of their fleet so its not as if they’re selling a bunch of gas guzzlers like Dodge/Chrysler.
I don’t agree with the other guy that people are stupid for buying any other brand, but Toyota is consistently the best bang for your buck in most categories.
I automatically think less of anyone who doesn’t buy Toyota at this point. Used or new, no other maker comes close to the value. I don’t even like their cars but I’d never claim that my personal flavor is better than Toyota’s offerings outside of my own niche interests (and I’ve still got a Corolla I drive most days in the summer). $1,400 a month for a fucking Tahoe is ridiculous and I have a hard time having any sympathy for someone stupid enough to make that their “dream car” or worth taking out a $84,000 loan for.
I did the math for the interest rate since they didn’t bother to in the article. The article says she had paid $1400/mo for 3 years and had only paid 10,000 toward principal. Assuming that’s 36 months of payments, the interest rate would be around 15.5%. The payment term would have been 10 years and total payments would end up being $168k.
Predatory lenders and financial illiteracy; a perfect match made in hell.
While whoever did that to her really ought to be in jail, she does need to take some responsibility
Unless she willingly went into this because she used to have higher income, I do t see how she could claim complete ignorance
That kind of interest rate indicates she was a bad credit risk, either because she made the same mistake before, or she couldn’t afford it. If she’d already made the same mistake, will she ever learn? If she just plain couldn’t afford it, yeah, a lot of that is on the scummy salesman
You mean Toyota, the same company that has spent years lobbying against emissions standards in Australia and dragging their feet on EVs?
If you’re a financially strapped consumer looking for a car, you’ll find no better deal than one of Toyota’s models, excepting some special scenarios. Their slow progress towards EV adoption doesn’t negate that.
I don’t see why it’s a big deal that they’re dragging their feet on EVs in classic Toyota style. This is what they do and why they’re so reliable. Other companies jump headfirst into projects often with disastrous results.
Not to mention Toyota was first with the hybrid and hybridizing a good chunk of their fleet so its not as if they’re selling a bunch of gas guzzlers like Dodge/Chrysler.
I don’t agree with the other guy that people are stupid for buying any other brand, but Toyota is consistently the best bang for your buck in most categories.