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In response to "OMG, Cappy bought another Audi? Fool me once.... -- nm" by Bacon

Well here is the deal....

Posted by Capstern Apr 11 '13, 15:37

I went from 114K miles and a failing transmission to 37K miles and 3 years of anything breaks its fixed warranty.

Went from getting about 14 mpg (due to how I had to drive due to transmission) to 22 city and 30 hwy

I owe amlost exactly the same amount as I did on the old car but now at 2% interest rate. The payment is 60 dollars less. I plan to keep paying at the old payment or more and the goal is to be paid off by the end of the warranty.

I had 4 years left on the old car...this loan is five. So in the end over the next (worst case) 4 years I will pay off the car but at much less interest rate. Financially its an improvement for me

Like I said on facebook only really a few things I will get what I want because its something thats important to me....car, tv and computer.

Responses:

what was the interest percentage on the original? -- nm - b. Apr 11, 15:44 28
- lets say at least 5% higher than the one I have now -- nm - Capstern Apr 11, 15:44 27
  - So, the loan is for like 11 grand? -- nm - Will Hunting Apr 11, 15:48 20
    - The A6 new was 60K - I bought it for 44K when I bought it in 2009 -- nm - Capstern Apr 11, 15:52
    - I did the likely math, it's more. -- nm - b. Apr 11, 15:51 18
      - I will owe same amount of money for approx the same period at 5.9% rate less - and 3 years of no repairs -- nm - Capstern Apr 11, 15:53
      - Has to be but that's the rough amount to drop sixty bucks a month from 8 to 2 percent. - Will Hunting Apr 11, 15:52 16
        
        Old payment 613 - new payment 550 (original payment was 750 when I bought it) -- nm - Capstern Apr 11, 15:54 15
        
        alrighty. the math doesn't add up. - b. Apr 11, 16:01
        
        holy fucking hell. nm -- nm - groiny Apr 11, 15:55 13
        
        I think I make more than you people think :) additionally - Capstern Apr 11, 16:02 3
        
        I wonder how much the car dealer thinks you make, because those are some high interest rates. -- nm - Max Apr 11, 16:11
        
        that has absolutely nothing to do with what's wrong here, man. *nothing* -- nm - b. Apr 11, 16:03
        
        But you were complaining in the past about being in financial bad shape so.... - Will Hunting Apr 11, 16:03
        
        baller! -- nm - charlie Apr 11, 15:58
        
        Audi makes houses right? -- nm - Bacon Apr 11, 15:55 7
        
        my payments on 2 Sonics are less than that USED car. nm -- nm - groiny Apr 11, 15:56 6
        
        Our payment on the condo with HOA fees is 680 -- nm - Bacon Apr 11, 15:57 5
        
        My mortgage, taxes, insurance and hoa are that -- nm - Will Hunting Apr 11, 16:00 1
        
        I think ours includes taxes but not insurance -- nm - Bacon Apr 11, 16:01
        
        and to be fair. If you can afford it that's great. I ain't saying how others should spend their money -- nm - Bacon Apr 11, 15:58 2
        
        Cappie math is FUN! nm -- nm - groiny Apr 11, 15:59 1
        
        aka, FEED THE PIG!!!!! nm -- nm - groiny Apr 11, 15:59
  - Sure, let's just say that. -- nm - Mara Apr 11, 15:46 1
    - was 7.9% -- nm - Capstern Apr 11, 15:47
  - that math doesn't add up, but you know what? it's done. good luck, happy driving, be safe! -- nm - b. Apr 11, 15:45 1
    - ... - Capstern Apr 11, 15:50
  - yay!/WTF?! -- nm - charlie Apr 11, 15:45 1
    - *tugs hand* join me in backing away? -- nm - b. Apr 11, 15:46
wait, you said you had the a6 for 5 years. you had a 9 year loan on it? -- nm - loosilu Apr 11, 15:40 1
- Actually at one point into it I was unemployed for an extended period... - Capstern Apr 11, 15:43

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Well here is the deal....

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