this post was submitted on 13 Jan 2025
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[–] [email protected] 89 points 1 day ago (2 children)

The military isn't a trap because people are naive. It's a trap because poverty exist and people have families to feed.

[–] [email protected] 69 points 1 day ago (2 children)

The muscle car dealership right outside of basic, that is a trap.

[–] [email protected] 18 points 1 day ago

It’s surprisingly affordable with this 84 month loan!

The criminal thing about car loans is they often increase the loan APR as the duration increases, so it’s not just exponentially more expensive, the exponent is larger too!

It looks affordable until you find out your 84 month loan means you pay 25% more for the vehicle.

Also the second criminal thing is the depreciation curve is front loaded, so when you go to sell or upgrade you owe more and your asset is worth less.

[–] [email protected] 13 points 1 day ago (1 children)

Wym 29% is a bad interest rate?

[–] [email protected] 6 points 23 hours ago

The reputation of car dealerships is wrong. They took care of me. I got one of the highest interest rates they offer. They originally said 14%, but when I asked if there was any way they could make it higher, they increased it. I was expecting like 1%, but those swell guys increased it to 28%. That's customer service!

[–] [email protected] 7 points 1 day ago

It definitely got me because I was naive