Quote:
Originally Posted by Castle2.0
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US? (new?) 2021 model and did 7 years
I got a used 2016 model and did 5 years in the Great North.
I don't know your credit score, but unless you're Top 0.01% you're probably not higher =P
The car is the collateral of the loan. If you default, the bank gets it.
Brand new models get better rates, 3-4 years get slightly higher, then older get even higher.
Anything 6% or lower is effectively a no-interest loan. Used it wisely.
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Nah, I've missed the occasional payment and have lots of debt, I think my score only like 770ish
I actually wanted to buy used, but Tacomas hold their value so well, and with the chip shortage, the used models that were 1-3 years old with 30-60k miles were the same prices as new, so I figure may as well buy new since I was dead set on Tacoma. I regret it (slightly) now due to only 19mpg average and gas costing an arm and a leg (Biden: I Did that!)
edit: what's crazy is AZ is one of those states where the lienholder isn't on the title, so assuming if I just changed my identity and stopped paying, the title would still be in my name. Then it be a matter of how well I could hide from the repo-man
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