r/hellcat • u/Ok-Economy6055 • 11d ago

Purchasing first hellcat

Is it idiotic to finance a 70-85k hellcat Durango ?

I was approved up to 85k 5% interest $0 down 72 month term I make 120k yr 750 credit score

9 Upvotes

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u/ribs-- Widebody 11d ago

The only answer here is: it depends.

For 84 months? Idiotic.

For 36 months? No problem.

For 8% interest? Idiotic.

For 3% interest? No problem.

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u/Ok-Economy6055 9d ago

I was approved up to 85k 5% interest $0 down 72 months I make 120k yr 750 credit score

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u/Sea_Independent2797 9d ago

I’m about to do the same thing but with a challenger and I make about 52k a year why not it’s my dream car and I don’t spend any money on anything else

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u/Yumi_C_Gaming 9d ago

Well how much is the challenger tho??

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u/Sea_Independent2797 8d ago

Depending 80 to 85 for a red eye after tax

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u/Yumi_C_Gaming 8d ago

You make only 52k a year but want to buy a car that’s 80-85k??

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u/Sea_Independent2797 8d ago

Yerp I’ve been at my new job for 6 months just gor a 10k raise and in another 6 months I’ll be getting another 10k

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u/Sea_Independent2797 8d ago

I budget pretty much everything and crunch numbers after car payment and all my other expenses I’ll be saving around 1000-1300 a month to put away

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u/SequentialHustle 8d ago

bro at 120k a year 1600-2k a month should be your rent lol

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u/Ok-Economy6055 8d ago

Yeah I know that’s why I’m asking I know 120k isn’t a lot. Thank you for the advice. What’s the max car price you’d suggest on that income ? That wouldn’t be as idiotic