You are an idiot. Absolutely stupid financial move to do that.

Fuck that. Nothing like reaching out past your financial abilities and paying 70k for a 50k car.

Watch out, he's about to give us all a life lesson in how we can be better, and strive to make as much money as him!



I'm starting to think he's been privileged his whole life (incoming sob story about family crisis and his achievements).

This post was edited by stupidkid282 on Oct 14 2016 05:53am

Financing term really depends on interest rate. If you have a .9% rate and you take it out 6 or 7 years it isn'isn't costing you much more in the end and you are using someone else's money up front instead of your own cash on hand for a big down payment. There are pros and cons to both methods. I prefer to own my stuff because I have no faith in the economy or in the prediction of our economic situation 6+ years in advance because I work for a chemical manufacturing company. Due to that I tend to finance for shorter terms. Each person's situation is different.








He's clearly stated he recently moved to florida from GA. He is asking what it's going to be like registering and paying taxes in florida. Where he buys the vehicle is irrelevant.

This post was edited by FMX_89 on Oct 14 2016 08:00am

It's pretty difficult to get anything over 60 months with less than 1.9% apr. The big problem with most people financing for anything over 4 or 5 years is they tend to be out of the vehicle in less than 3. When you finance out that far your debt to equity on the loan/car is upside down 99 times out of 100. That's when you roll and roll and roll and end up paying70 or 80k for a 40k vehicle at a 6-7% rate due to it being unsecured. Banks love this shit. They make billions on people that do this. Banks don't make shit on people loaning out at 36 to 48 months with a sub 2% apr.

edit -- I talk from previous experience. I've been the guy that would take a 72 month loan over 36 just for "safety" reasons. After I started moving to a 36mo rotation on loans It's only costing me 10-12k to be in a new truck every 48 months because I have equity behind me in the previous. The first go around with a 1500/mo payment sucked ass, sure. But the 16 we just bought back in april, I pay $312/mo on a 70k+ truck. I'm not sure how well this works for everything due to many vehicles plummeting in value but for diesels, this shit works.

This post was edited by jimmyhoud on Oct 14 2016 08:21am

Hah.. must be nice... im paying 325/month on a 13,000 car note. Not terrible but i'll be done in 4 years time so cant complain

Where you buy a vehicle is completely relevant. Of course, you pay taxes based on your registered residency.

Shopping around cars can be completely different in one state, compared to the next as far as dealership sizes, volume, and popularity.

It was better for me to buy my car at a new hampshire dealership instead of mass (or even a closer New Hampshire dealership) because I chose a larger subaru dealership who sells by volume and are more leanient on coming down on the price.

This post was edited by stupidkid282 on Oct 14 2016 10:45am

You guys are missing what he was asking. Of course you have to shop around for the best sales price. The only difference in the situation is where he registers it and pays taxes. What is different between Florida and georgia. That was the question.

I'm sorry. Clearly none of us are able in googling two, extremely simple searches on state taxes.



Sometimes, people need to be a bit more independent because they can find their answers quicker by googling than forum responses.

Much difficult.

Whatever dude. He asked a fucking question.