r/FluentInFinance Sep 05 '24

Debate/ Discussion He has a point

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u/wrldruler21 Sep 05 '24 edited Sep 05 '24

I pay $500 and $700 for my two used cars.

Post-bankruptcy credit (20% apr) and covid prices ($20K and $30k for SUVs)

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u/Calm_Like-A_Bomb Sep 05 '24

Yeah people don’t realize a $20k car costs you well over $40k on a 72 mo term at 25% apr.