Welcome to the IHoP

[topgun 262]

Got the dash done in the Cadillac, the 3" almost look factory if you glance at them now.

[topgun 262]

I think I'm just going to drive the Cadillac with slightly worn out front struts for now until I can do a thousand damn dollars for whole new struts/shocks/mounts.

Damn Cadillac engineering.

[topgun 262]

580$ for a single OEM replacement front strut. 300$ for a set of Arnott passive front struts...

[topgun 262]

Gonna need new tires before winter too, so new struts, tires, alignment after the struts... There goes a friggin 1000$.

[Tirefryr 1,742]

I miss my Caddy.

[topgun 262]

I'm loving the car, except when something is broken...

[Penguin4x4 1,761]

Alright, so

$250,000 home

30 year mortgage

8.5% APR

PMT = PVA / [(1-((1.00708333)^-360)/.00708333]

Payments = $1,922.28 per month

therefore

1922.28 * 12 * 1.00708333 * 30 = 696821.10

So, after the thirty years you essentially pay the bank $696,821.10 for a $250,000 piece of property?

(No, not buying a house, Finance Homework)

[Penguin4x4 1,761]

Next gen Escalade is going Lambda

[topgun 262]

300$ for new struts, 200$ for new tires, 50$ for beer for the install, 75$ for the alignment...

Lube please.

[topgun 262]

Anyone need a small rack amp? ART SLA-1 I'll let go for 130 shipped OBO... It hasn't been used for probably a year and don't have any immediate plans for it either so its laying around taking up space.

[topgun 262]

The struts can wait to be replaced though, would be nice to have new ones but they aren't that bad.

[dem beats 1,223]

WOW that is a chunk of change for those struts my friend. Passive sounds good!

lol

[MKader17 332]

$200 for some tires is cheap!

[JimJ 11]

Alright, so

$250,000 home

30 year mortgage

8.5% APR

PMT = PVA / [1-((1.00708333)^-360)]

Payments = $1,922.28 per month

therefore

1922.28 * 12 * 1.00708333 * 30 = 696821.10

So, after the thirty years you essentially pay the bank $696,821.10 for a $250,000 piece of property?

(No, not buying a house, Finance Homework)

Big down payments are nice things

[JimJ 11]

And hell, with the way the Fed's been acting, it'll probably be a decade or more before we see 8.5% rates again...for better or worse...

[topgun 262]

WOW that is a chunk of change for those struts my friend. Passive sounds good!

lol

Active ride control shit.

[Penguin4x4 1,761]

Alright, so

$250,000 home

30 year mortgage

8.5% APR

PMT = PVA / [1-((1.00708333)^-360)]

Payments = $1,922.28 per month

therefore

1922.28 * 12 * 1.00708333 * 30 = 696821.10

So, after the thirty years you essentially pay the bank $696,821.10 for a $250,000 piece of property?

(No, not buying a house, Finance Homework)

Big down payments are nice things

Wow, you mean my math was right?

[JimJ 11]

Yep, looks right...

[Penguin4x4 1,761]

cool

also

fuck banks

god damnit thats a shit load of ass reaming

[Penguin4x4 1,761]

basically get a 15 year mortgage, or buy the property outright in one fell swoop

[JimJ 11]

Yeah, but put 20% down and it drops by almost $140k..

[Penguin4x4 1,761]

Yeah, but put 20% down and it drops by almost $140k..

true

[Penguin4x4 1,761]

is it nerdy of me to keep reanalyzing the problem like this?

[JimJ 11]

is it nerdy of me to keep reanalyzing the problem like this?

If more people understood amortization (hell, basic finance in general), I have a feeling our economy wouldn't be quite as fucked as it is...

[JimJ 11]

No, let's pay 1% interest and then wonder why the rate goes up...