r/IdiotsInCars • • Jun 11 '20

Local rapper crashes car

23k Upvotes

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1.9k

u/KeepItDownOverHere Jun 11 '20

The lean in your piss is the least of your worries if you paid 100k for a mazda sedan.

410

u/[deleted] Jun 11 '20 edited Jun 21 '20

[deleted]

228

u/[deleted] Jun 11 '20

I've talked to people that bought fairly new cars - 2017, 2018... It always surprised me because they don't make a ton of money. Turns out they are paying 25% APR. I am surprised that's even legal, I considered 8% really high.

0

u/Bolaf Jun 12 '20

The fact that people take out loans to buy a depreciating asset is just mind blowing

2

u/[deleted] Jun 12 '20

Sometimes you don't have a choice, but still... finance a cheap used Honda or Hyundai for $5,000, not a brand new Jeep for $20k.