this post was submitted on 06 Oct 2023
627 points (94.2% liked)
Technology
59390 readers
2556 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Those are extreme cases.. they're buying a 48k car (that seems on the high side) but trading in an 8k car (so old/cheap or both).. of course the loan is going to be large.
Normally you'd time the trade.. my current car was an upgrade on my last but the monthly payments reduced because I timed it so the value of my existing car was reasonably high.