• LunaGloria@alien.topB
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    10 months ago

    If he did buy it, he’s way in over his head in debt. Car lenders will make the craziest loans - 29% APR for 84 months kind of crazy. I would bet it’s uninsured, too.

    • TheCallofDoodie@alien.topB
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      10 months ago

      Yeah, if you charge it to your card. Dealerships are offering around 7 or 8% these days. Still insane…

      • LunaGloria@alien.topB
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        10 months ago

        The rates that broke people with horrible credit get are usurious. If you’re ever curious, check out an episode of Caleb Hammer’s show. 29 is the highest I’ve seen but over-20 rates are absolutely happening a lot.

    • Water_Boy_3@alien.topOPB
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      10 months ago

      From my experience I’ve always had to show proof of insurance before a dealership would sell me a vehicle. Idk if Cali is different or not.

    • astroaquaaa@alien.topB
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      10 months ago

      No they don’t, unless his credit is garbage.

      I pay 8.99 APR for a brand new car in one of the most expensive cities in the world.

      • LunaGloria@alien.topB
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        10 months ago

        Yes, they do. Check out Caleb Hammer’s videos and you’ll see them all day long. It isn’t VW Credit or Capital One offering these rates, it’s shady dealers like “AAA Bargain Auto Sales.” That’s who approves people with no income.