D19
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- Aug 13, 2018
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Its been here a while now. Hidden by massive money printing, debt deferrals, rent deferrals, etc. Brace yurselfs
They probably owe more on that than my daily driver cost.
The strong conservatives will survive and thriveAs much as I would prefer a great economy, if it takes a giant shit...I am going to take advantage.
Definitely more than we paid for our pretty cherry '09 EscaladeThey probably owe more on that than my daily driver cost. [emoji16]
How long are they running loans out on the side by sides now and at what rate?
Agreed. Early on I was hoping to pick up a decent toy at a discounted price. Never happened, and now Im thinking about selling everything. All I know is that whatever decision I make it will undoubtedly go the other direction. lolIts been here a while now. Hidden by massive money printing, debt deferrals, rent deferrals, etc. Brace yurselfs
How long are they running loans out on the side by sides now and at what rate?
Hey, we don’t need anyone else around here making stupid decisions, I’ve already staked the claim to that throne!Agreed. Early on I was hoping to pick up a decent toy at a discounted price. Never happened, and now Im thinking about selling everything. All I know is that whatever decision I make it will undoubtedly go the other direction. lol
Saw a black Super Duty repo truck with tonneau cover over the gear in IE ,with license plate: “URWALKN”
Nice lol
3-6 years I believe. Rates are higher than a car loan I have heard.
Repo man from CHino Hills, I recognize that 7/11
I know the rates are higher on the dealer credit things. Probably not if financed through a bank or such, but don't know. The explanation given to me made sense...to me anyway. I was told that the SXS's are not primary, and usually "toys". That said, they are first to be cut loose by fringe owners. Why you would finance fringe owners, I don't know."I have heard" is that like I read it on the internet, so it must be true?
"I have heard" is that like I read it on the internet, so it must be true?
Good eye. I missed that.Repo man from CHino Hills, I recognize that 7/11
Guessing the ones that finance have about a $500 Per month payment on one of these at 60 months. Then you need a trailer and tow vehicle to use it. Starts adding up quickly. Think I’m the only one not making a $200,000 a year now.
Guessing the ones that finance have about a $500 Per month payment on one of these at 60 months. Then you need a trailer and tow vehicle to use it. Starts adding up quickly. Think I’m the only one not making a $200,000 a year now.
Sounds about right That’s how i picked ours up. Guys payment was just around that number Had to sell it because of another kid.When your truck payment is $900+/ month it is easy to justify a toy for $500/month.
Sounds like someone that is using his wealth to his advantage and has seriously looked at both sides of the coin. Good for him.My Friend has 2 the 4 seater and the 2. Both $500 a month. His F350 is $1500 a month. He probably makes around $300K a year if I had to guess. Finances everything as he says if its under 10% interest he can make more with his cash on hand.
That is called gambling.My Friend has 2 the 4 seater and the 2. Both $500 a month. His F350 is $1500 a month. He probably makes around $300K a year if I had to guess. Finances everything as he says if its under 10% interest he can make more with his cash on hand.
I wonder the same. I think it's everywhere, and the temporary covid money pushed it further. Last go around, that tide went out and I was streaking. No refi stuff, but leveraged to my neck. F' that. Don't want the stress again. Financing is fine for some, but I really like the idea of things being paid off or way down. If there's no work, we all still eat...Not living the high life, but not living for a paycheck either.I wonder with interest rates so low how many people refinanced their houses and used the inflated equity to buy their toys.
History tends to repeat itself and alot of people likely didn't learn anything from the great recession.
Time will tell.
I wonder with interest rates so low how many people refinanced their houses and used the inflated equity to buy their toys.
History tends to repeat itself and alot of people likely didn't learn anything from the great recession.
Time will tell.
Me too. We have gotten rid of all of our toys except 1 and we did refi our house this year to a 15 year and lower the rate to 2.65 but we didn't take any cash out. It is now the only debt we have and hope to pay the house off in 3 to 4 years or sooner.I just refinanced and am sitting on a big wad of cash. Going to sit on it and watch the economy fall apart in the next couple of years. As tempting as it is to go out and buy a bunch of fun stuff I do remember 2008
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His business is different than mine. Last recession it did not slow down as there is always demand. Mine is opposite. I was able to pay off almost everything last 3 years working my ass off. Wrote a check for my Can Am. I am expecting a slowdown this time got caught with my pants down last 1.That is called gambling.
Lol
It all going to be good for him until its not anymore.
When the tide goes back out everyone can see who is swimming naked.
Lol
I wonder with interest rates so low how many people refinanced their houses and used the inflated equity to buy their toys.
Wise man 429I’ve literally sold everything in anticipation of this election and gambled on what the economy would do. It was a huge gamble but they’re just things. If it doesn’t work out I can buy another UTV, boat, truck, river pad, etc...
It’s a bit weird because my weekends are now wide open. But my lawn and house are on point along with two baths and a kitchen remodel lol
Wise man 429
I think it was smart, taking the long view instead of the immediate gain. Time will tell, but with the way toys were selling, it's bound to drop. If not a lot, at least some. Either way, you still profit.No sir, just a roll of the dice. I don’t wish any ill will for anyone but looking around it just appeared to be a bit off for the next couple years.
We have a couple inmates that are in the business. Wonder what the percentage is of people that are pulling equity out.I wonder with interest rates so low how many people refinanced their houses and used the inflated equity to buy their toys.
History tends to repeat itself and alot of people likely didn't learn anything from the great recession.
Time will tell.