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2005 BMW 328i with M badging all over it, cut springs, and fake rims. 257,000 miles and every light on the dash. Financed at 32%
16k left on the payments, bought a year ago for 15k
I laughed... ๐
I do be seeing loans like this IRL tho ๐ญ๐ญ
Most loans are like that the first quarter to third of the way through the loanโs term. Interest applied early in the cycle front loads quicker than payments at the end of the monthly cycle plus balance structure is set up to not be an even interest/principal ratio across the term. Loan shenanigans abound.
Loan shenanigans indeed
More like loan pirates abound.
Loan shenanigans indeed