I’m refinancing this terrible loan and the bank person grimaced when they saw this.

  • boonhet@lemm.ee
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    1 day ago

    50k km is still “need a loan” territory for most people. The absolute newest car I’ve owned was 144k km, 3 years old, and still cost near 30k.

    Plus when it’s like 2% + 6 months euribor for a lease you get to keep at the end, it starts looking hella more attractive.

    Now the APR in the OP, that’s predatory af.

    • Orangutanion@lemmy.worldOP
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      1 day ago

      Thanks for clarifying this. I know the EU does a lot of things better but I was confused about how you’re paying €5k for a good vehicle lol

      • boonhet@lemm.ee
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        22 hours ago

        I mean you could buy a lightly used Dacia maybe? Or a Fiat 500 maybe.

        But if you want a decently comfy car, nothing luxury, but also not a basic model, 20-30k is minimum for lightly used. German cars depreciate quickly so they’re your best bet in that price range. Toyotas and Volvos will actually be more expensive for same year, mileage, size.