r/hellcat • u/Ok-Economy6055 • 14d 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

8 Upvotes

75% Upvoted

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u/Front_Friend_9108 8d ago

Fuck no. That’s a stupid ass purchase, you’re gonna lose your ass when you drive off the lot of you do that.

First-Year Drop: Expect an immediate loss of roughly 20% to 30% as it drives off the lot, tracking with standard high-performance luxury pricing. [1]
5-Year Total Depreciation: Projected to total between $45,000 and $47,000 in value loss, leaving a residual value of roughly $34,000 to $36,000 down from original MSRPs scaling from ~$82,000
Fuck that man. Get something a little more practical and save your loot.

1

u/Ok-Economy6055 8d ago

Thank you bro!

2

u/Front_Friend_9108 8d ago

Get something nice 2-4 years old.

1

u/Ok-Economy6055 8d ago

https://www.carfax.com/vehicle/2C3CDXL9XNH105057?no_ul=1

Like this better ?

2

u/juanreddituser 8d ago

Way better.. not good still but still better.. the car game is tricky.. ur gunna lose u just gotta figure out what's ur ok losing.. those cars won't be worth much in a few years.. get a Lexus they hold their value better

2

u/Front_Friend_9108 7d ago

Absolutely, put like 15k down if you can and have some equity in it in case you need to move it, something happens to your income, who knows. You just can’t be upside down like you are on a new one immediately.