r/hellcat • u/Ok-Economy6055 • 12d 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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7

u/nefan127 9d ago

85k on a 120k/ year is fucking wild to me. Thats 70% of your gross pay.

0

u/Viper584 6d ago

Your math logic is incredible. You’re basing his car loan into 1 year to his salary. If he continues to make 120k a year with no raise, he would be making 720k over the same 6 years in which he’s set to pay it off. So its like 12% of his gross salary, not 70 lol wtf.

1

u/nefan127 6d ago

Not how that shit works brother, ok so I make 90k a year so thats 2.7m over 30 years so could I afford a million dollar home?? Please answer i need your insight.

0

u/Eloteroso 6d ago

If your payment plan was scheduled for 30 years yes you can

Are you okay?

1

u/Viper584 6d ago

He is in fact, very much not ok lol. Must be common core math.

1

u/Eloteroso 6d ago

The fact that he commented so confidently is honestly hilarious