Car Talk 4: The Richard Hertz Rent-A-Car 500

[Johnny_P]

I want one.
If only I had a way to charge it.
And a job.

With the Federal incentive going to shit and I can't qualify for the California incentive, I have zero interest in EVs. In fact, let's make everything roll coal!

I’d be pretty happy if my next car was a hybrid.

[troyguitar]

They are quite BTW have you decided what you're doing with your car yet.. I am kinda sorta thinking about dem beans, too bad you're so far away.... If you were in cali...

Car is for sale to anyone that wants it
I should buy troys worthless hatchback for thos savings.

It's not for sale, my wife will drive it into the ground. We can't replace it with anything better for less than $20k so it stays. Being owned and maintained since new by a non- adds zero resale value but lots of staying power.

The Lincoln will be the one to go whenever occurs, whenever we move or I get a better job.

[ChrisoftheNorth]

They're also highly likely to default...hence the score.

I've told you about my buddy that "skips car payments" then "makes them up later" right? Uhhhh bro....that's not how this works. At all.

I am surprised there are that many willing to lend at that level... 650+ creditz score is not terrible... I dunno I find it equally surprising out here, there are 50% of people that I meet that are when it comes to finances... but the 50% that gets it, gets it pretty well... mostly educated... most people that I work with certainly don't engage in that type of behavior....

There are outliers, but not the norm. However, in the "Dodge Charger" type circles things get weird quick...

Most people don't understand what they truly can afford. I noticed the avg HHI of a Gladiator buyer so far is half of what mine is. Yet I can't see my self "affording" a new Gladiator. Sure I could reduce retirement contribution or stop extra mortgage payments and "afford" it...but I'm just not wired that way.

That's also why my credit score is well above 800. I'll never take out a 96 mo loan on a $60k truck.

[max225]

I am surprised there are that many willing to lend at that level... 650+ creditz score is not terrible... I dunno I find it equally surprising out here, there are 50% of people that I meet that are when it comes to finances... but the 50% that gets it, gets it pretty well... mostly educated... most people that I work with certainly don't engage in that type of behavior....

There are outliers, but not the norm. However, in the "Dodge Charger" type circles things get weird quick...

Most people don't understand what they truly can afford. I noticed the avg HHI of a Gladiator buyer so far is half of what mine is. Yet I can't see my self "affording" a new Gladiator. Sure I could reduce retirement contribution or stop extra mortgage payments and "afford" it...but I'm just not wired that way.

That's also why my credit score is well above 800. I'll never take out a 96 mo loan on a $60k truck.

The odd sign is the fact that 720+ FICO customers are spending LESS per vehicle than the 600-720 crowd. That's just shit, likely make less.

[Desertbreh]

Added one more category.

While the Ram certainly looks good, I don't think it's a massive departure from the old truck. I'm not sure that's really a bad thing...but just 5 years ago when GM launched the K2 truck, people went that it didn't look different enough from the GMT900. So they went crazy on the T1, and it burned them. There's a balance...and it seems like the Ram struck it...though I feel like it could have gone a bit further.

Unpopular opinion: I've seen quite few T1 Silverado 1/2 tons, and I like them.

[max225]

While the Ram certainly looks good, I don't think it's a massive departure from the old truck. I'm not sure that's really a bad thing...but just 5 years ago when GM launched the K2 truck, people went that it didn't look different enough from the GMT900. So they went crazy on the T1, and it burned them. There's a balance...and it seems like the Ram struck it...though I feel like it could have gone a bit further.

Unpopular opinion: I've seen quite few T1 Silverado 1/2 tons, and I like them.

is a T1?

http://gmauthority.com/blog/gm/gm-platforms/t1/

Why was this even considered ? The GMT K2XX was perfectly fine. This is such a huge waste of resources.

[Tar]

With the Federal incentive going to shit and I can't qualify for the California incentive, I have zero interest in EVs. In fact, let's make everything roll coal!

I’d be pretty happy if my next car was a hybrid.

Used CT200 in a real color for dirt cheap is my go to plan if money gets tight

[troyguitar]

I’d be pretty happy if my next car was a hybrid.

Used CT200 in a real color for dirt cheap is my go to plan if money gets tight

I looked at those before buying the Lincoln but they were still a little expensive ($15-20k), they're probably getting better

[Tar]

Used CT200 in a real color for dirt cheap is my go to plan if money gets tight

I looked at those before buying the Lincoln but they were still a little expensive ($15-20k), they're probably getting better

They are as low as 10k now. And batteries can be sourced for around 2k if the car ever needs it. That is a decent way to

[Johnny_P]

I looked at those before buying the Lincoln but they were still a little expensive ($15-20k), they're probably getting better

They are as low as 10k now. And batteries can be sourced for around 2k if the car ever needs it. That is a decent way to

Toyota should have beefed up the engine. It’s slow as balls. That’s the only problem with that car.

[ChrisoftheNorth]

While the Ram certainly looks good, I don't think it's a massive departure from the old truck. I'm not sure that's really a bad thing...but just 5 years ago when GM launched the K2 truck, people went that it didn't look different enough from the GMT900. So they went crazy on the T1, and it burned them. There's a balance...and it seems like the Ram struck it...though I feel like it could have gone a bit further.

Unpopular opinion: I've seen quite few T1 Silverado 1/2 tons, and I like them.

I lile the Custom TrailBoss...customs have the lettered grille. It's notbad.

[Tar]

They are as low as 10k now. And batteries can be sourced for around 2k if the car ever needs it. That is a decent way to

Toyota should have beefed up the engine. It’s slow as balls. That’s the only problem with that car.

By then I would have given up on fun/life anyways (somewhere between where I'm at now and killing myself)

[MexicanYarisTK]

Does anyone actually pay off these loans though?

Car's almost paid off...time for a new one!

They care more about attaining it than planning ahead, at times living above their means too. Worst come to worst, repo or trade in at a dealer and pay the remainder of the payments by appraisal.

[MexicanYarisTK]

Our mazderp, bought new in 2014, already has almost 110k miles and won't be paid off until next June. It's been "underwater" forever.

I bought my mk7 in Oct 2014, started making payments in November. Paying it off this upcoming November, dat 60 month payment, currently 78.5k on the clock.

What apr and plan is she doing the payments?

[Melon]

MURICA!

Auto debt isn't even all that bad at this point in time.

https://www.lendingtree.com/auto/debt-statistics/

Average monthly payments are rising, too:
$554 for new vehicles, up 5.6% year over year
$391 for used vehicles, up 4.9%
$457 for a new vehicle lease, up 4.6%
The average auto loan term is 69 months for new cars and 65 for used.

This is the truly telling part:
Those with a 780-850 credit score spend 29k on a car
Those with a 660-780 34k
Those with 600-660 33k

[goIftdibrad]

MURICA!

Auto debt isn't even all that bad at this point in time.

https://www.lendingtree.com/auto/debt-statistics/

Average monthly payments are rising, too:
$554 for new vehicles, up 5.6% year over year
$391 for used vehicles, up 4.9%
$457 for a new vehicle lease, up 4.6%
The average auto loan term is 69 months for new cars and 65 for used.

This is the truly telling part:
Those with a 780-850 credit score spend 29k on a car
Those with a 660-780 34k
Those with 600-660 33k

wow, thats..... disappointing.

[4zilch]

Auto debt isn't even all that bad at this point in time.

https://www.lendingtree.com/auto/debt-statistics/

Average monthly payments are rising, too:
$554 for new vehicles, up 5.6% year over year
$391 for used vehicles, up 4.9%
$457 for a new vehicle lease, up 4.6%
The average auto loan term is 69 months for new cars and 65 for used.

This is the truly telling part:
Those with a 780-850 credit score spend 29k on a car
Those with a 660-780 34k
Those with 600-660 33k

wow, thats..... disappointing.

People who are generally bad at managing money/debt are willing to finance larger auto loans..

[Huckleberry]

Unpopular opinion: I've seen quite few T1 Silverado 1/2 tons, and I like them.

is a T1?

http://gmauthority.com/blog/gm/gm-platforms/t1/

Why was this even considered ? The GMT K2XX was perfectly fine. This is such a huge waste of resources.

I think the K2 underpinnings were pretty much identical to the GMT-900, whereas the T1 is a clean sheet design.
And GM doesn't know how to make old things fresh like FCA does.

[Huckleberry]

Auto debt isn't even all that bad at this point in time.

https://www.lendingtree.com/auto/debt-statistics/

Average monthly payments are rising, too:
$554 for new vehicles, up 5.6% year over year
$391 for used vehicles, up 4.9%
$457 for a new vehicle lease, up 4.6%
The average auto loan term is 69 months for new cars and 65 for used.

This is the truly telling part:
Those with a 780-850 credit score spend 29k on a car
Those with a 660-780 34k
Those with 600-660 33k

wow, thats..... disappointing.

But not surprising. Those with better credit scores tend to have such scores because they know how to not overextend themselves with loans.

[CaleDeRoo]

MURICA!

Auto debt isn't even all that bad at this point in time.

https://www.lendingtree.com/auto/debt-statistics/

Average monthly payments are rising, too:
$554 for new vehicles, up 5.6% year over year
$391 for used vehicles, up 4.9%
$457 for a new vehicle lease, up 4.6%
The average auto loan term is 69 months for new cars and 65 for used.

This is the truly telling part:
Those with a 780-850 credit score spend 29k on a car
Those with a 660-780 34k
Those with 600-660 33k

Meanwhile I'm stuck at a 760 because I couldn't even get a personal loan for a couple thousand to build crebitz

[ChrisoftheNorth]

is a T1?

http://gmauthority.com/blog/gm/gm-platforms/t1/

Why was this even considered ? The GMT K2XX was perfectly fine. This is such a huge waste of resources.

I think the K2 underpinnings were pretty much identical to the GMT-900, whereas the T1 is a clean sheet design.
And GM doesn't know how to make old things fresh like FCA does.

Right...but the "clean sheet" still uses rear leaf springs and nothing really revolutionary. Billions lit on fire for no customer benefit.

Ram did minimal to the chassis, but updated the hell out of the interior. Recognizing that people buying trucks want more refinement because they're no longer just "truck people" buying trucks. Even "truck people" like the refinement.

I had many arguments with my boss at GM about "truck people" and what they wanted. I remember pushing for more "luxury" features like bigger screens, adaptive cruise, etc, etc and he'd always say "truck people DGAF"

Now I'm all "scoreboard bro".

[dubshow]

Auto debt isn't even all that bad at this point in time.

https://www.lendingtree.com/auto/debt-statistics/

Average monthly payments are rising, too:
$554 for new vehicles, up 5.6% year over year
$391 for used vehicles, up 4.9%
$457 for a new vehicle lease, up 4.6%
The average auto loan term is 69 months for new cars and 65 for used.

This is the truly telling part:
Those with a 780-850 credit score spend 29k on a car
Those with a 660-780 34k
Those with 600-660 33k

Meanwhile I'm stuck at a 760 because I couldn't even get a personal loan for a couple thousand to build crebitz

lolwut? You just need a CC to use and pay off regularly. A loan with interest isn't required. Unless you don't have a house note. In that case let me on my 790.

[max225]

Meanwhile I'm stuck at a 760 because I couldn't even get a personal loan for a couple thousand to build crebitz

lolwut? You just need a CC to use and pay off regularly. A loan with interest isn't required. Unless you don't have a house note. In that case let me on my 790.

[CaleDeRoo]

Meanwhile I'm stuck at a 760 because I couldn't even get a personal loan for a couple thousand to build crebitz

lolwut? You just need a CC to use and pay off regularly. A loan with interest isn't required. Unless you don't have a house note. In that case let me on my 790.

I haven't used cash to pay for anything for at least two years. All on my Chase credit cards. No house note . I've been stuck at 760 for two years.

[dubshow]

lolwut? You just need a CC to use and pay off regularly. A loan with interest isn't required. Unless you don't have a house note. In that case let me on my 790.

I haven't used cash to pay for anything for at least two years. All on my Chase credit cards. No house note . I've been stuck at 760 for two years.

Then I'd take a guess that you dont have a large enough amount of credit on the skreet. I think my utilization is like 10-15%. You want to be under 30% for sure. The house note really seals the deal when you have a large debt that you pay monthly on