▲ 818 ▼ Honey I put us $45,000usd in debt without asking. Love you! (lemmy.world) submitted 2 years ago by Exusia@lemmy.world to c/memes@lemmy.ml 35 comments fedilink hide all child comments
[–] Hnazant@lemmy.world 13 points 2 years ago (5 children) Also, it's like 8% interest now? permalink fedilink source hideshow 10 child comments replies: [–] mayonaise_met@feddit.nl 8 points 2 years ago* Borrowing for a car is becoming normalized in my country, but what's wrong with just buying a €5-10k car outright? My SO and I have spent a grand total of €12500 on purchasing 3 separate vehicles in about a decade. I drive a relatively new electric car for work that is a job perk, but if I wouldn't I'd just driving to work in our little Mazda 2. There is no single part of my house I even want to spend the average new car price on (€43k). That's retire a year early money. permalink fedilink source parent [–] ensignrick@startrek.website 6 points 2 years ago I got 6% last month on a couple year old used car (I have bought a car since 2005) and I was shocked and the guy said that was one of the best rates he has seen lately. Absolutely insane. permalink fedilink source parent [–] Exusia@lemmy.world [S] 2 points 2 years ago* (1 child) I have "great" and got told 13% a month or two ago. Didnt know the market was all futzed and asked if i did something wrong. Can you believe I passed on buying lmao Have they stabilized? permalink fedilink source parent hideshow 2 child comments replies: [–] whatwhatwhatwhat@lemmy.world 2 points 2 years ago I have “good” and was offered 9% in early October. One good sign is that banks are lowering their rates for longer term CDs. I’m seeing 1 year CDs in the 6% range, but a 5 year CD is more like 2%-3%. This means that the banks expect the fed to lower rates in the next few years. permalink fedilink source parent [+] ensignrick@startrek.website 1 point 2 years ago [deleted] permalink fedilink source parent [–] xpinchx@lemmy.world 1 point 2 years ago Insane, I have mid credit and got 3% in 2017 permalink fedilink source parent
[–] mayonaise_met@feddit.nl 8 points 2 years ago* Borrowing for a car is becoming normalized in my country, but what's wrong with just buying a €5-10k car outright? My SO and I have spent a grand total of €12500 on purchasing 3 separate vehicles in about a decade. I drive a relatively new electric car for work that is a job perk, but if I wouldn't I'd just driving to work in our little Mazda 2. There is no single part of my house I even want to spend the average new car price on (€43k). That's retire a year early money. permalink fedilink source parent
[–] ensignrick@startrek.website 6 points 2 years ago I got 6% last month on a couple year old used car (I have bought a car since 2005) and I was shocked and the guy said that was one of the best rates he has seen lately. Absolutely insane. permalink fedilink source parent
[–] Exusia@lemmy.world [S] 2 points 2 years ago* (1 child) I have "great" and got told 13% a month or two ago. Didnt know the market was all futzed and asked if i did something wrong. Can you believe I passed on buying lmao Have they stabilized? permalink fedilink source parent hideshow 2 child comments replies: [–] whatwhatwhatwhat@lemmy.world 2 points 2 years ago I have “good” and was offered 9% in early October. One good sign is that banks are lowering their rates for longer term CDs. I’m seeing 1 year CDs in the 6% range, but a 5 year CD is more like 2%-3%. This means that the banks expect the fed to lower rates in the next few years. permalink fedilink source parent
[–] whatwhatwhatwhat@lemmy.world 2 points 2 years ago I have “good” and was offered 9% in early October. One good sign is that banks are lowering their rates for longer term CDs. I’m seeing 1 year CDs in the 6% range, but a 5 year CD is more like 2%-3%. This means that the banks expect the fed to lower rates in the next few years. permalink fedilink source parent
[–] xpinchx@lemmy.world 1 point 2 years ago Insane, I have mid credit and got 3% in 2017 permalink fedilink source parent
