# New Car

**URL:** <https://forums.speedlife.net/t/new-car/251935>\
**Category:** Shift518 Automotive\
**Created:** [May 4, 2010, 6:03pm UTC](https://forums.speedlife.net/t/new-car/251935 "2010-05-04T18:03:53Z")\
**Posts on this page:** 1\
**Showing post:** 53

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**Author:** ![d\_gage](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/d_gage/32/6321_2.png) [@d\_gage](https://forums.speedlife.net/u/d_gage)\
**Post date:** [May 5, 2010, 5:28pm UTC](https://forums.speedlife.net/t/new-car/251935/53 "2010-05-05T17:28:00Z")

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> [@Lunch 6/29/07 at the Hatch at noon](https://forums.speedlife.net/t/lunch-6-29-07-at-the-hatch-at-noon/31689/2):
>
> My credit is fine, I just don’t have much of a history since I primarily only spend what I have. Evidently a $30k car is too much of a risk at a low APR for someone who makes over $40k/yr but also happens to be only 22.
> 
> The issue is not the payment. It’s the interest. I can pay $1000/month. But with a 7% interest, I’m throwing like 3000k out the window a year. That’s asinine.

Gotcha. Sometimes it makes more sense money wise to buy a brand new car with a lower APR rather than a 3-4 year old one.

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