• chiliedogg@lemmy.world
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    1 year ago

    Just bought a used compact van with 36,000 miles on it. Gonna be paying $453/month for 78 months.

    With the miles I drove monthly, it’s gonna have over a quarter-million miles by the time it’s paid off.

      • chiliedogg@lemmy.world
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        1 year ago

        No. After 6.5 years of making payments with compounding interest I will have paid 36,000 for a used compact cargo van. The list price was around 26k for a 2020 model with 36,000 miles and a clean record.

        Look up cargo van prices right now. I actually did really well on both the price and the interest given today’s market.