27 years? Bet his FICO's bad as 67% is bad enough for a deal w/ the Devil indeed

[theking]

‘Deal with the devil’: Texas man locks in 67% APR on BMW loan, paying $590/month for 27 years

Mr. David traveled from San Antonio to Houston, Texas to sell his soul for a white BMW, or at least that’s how his car dealer described the transaction on TikTok.

After making a $1,000 down payment, David agreed to pay dealer Jo the Car Plug $590 per month for 27 years. In total, David will ultimately pay $191,000 for the vehicle.

[theking]

Yep and that Beemer is not even special except to him??

It's a 530 and has about 300k miles on the ODO already..

[theking]

One person who did the math realized that the customer would end up owing $192,750 based on the deal he had made. This would be a bad payment plan since a brand new 530i BMW has a starting price of $58,200.

“Bro bought a house,” the commenter remarked.

Another remarked on the timeframe of the deal, saying, “That’s 27 years … that car won’t even make it that long my guy!”

“It’s obviously a joke. No bmw has that high mileage,” said another.