A Car payment if for suckers

[Capital Steez]

$450 a month, insurance not included.



You late with all this brehs



She look bad tho

I'm at $490 because I wanted a Mercedes out of college as a gift to myself. SMH. The payments suck, but the insurance isn't too bad now that I switched to MetroMile which only charges you based on the miles you drive. I think moving forward I'll either just keep what I have until the wheels fall off, or lease if I just want to keep a new whip.

 

[BaldingSoHard]

Im tired of these nikkas speaking on shyt they don't know about.

Theres never been a better time to finance.

I'm sayin tho.

You hear every day on the news about HISTORICALLY LOW interest rates, but let the coli tell it and using the basic premise of finance is for suckers.

 

[International Playa]

05 car....the post was good till the duck tales came

For real breh, the sound system is bumping, I keep the car smelling good fresh and heating system is very good, especially late night after the club females be real cold and trying to be warm enroute to the crib.Car doesnt look like much from outside, but once you in, you mad comfortable.

I laugh at cats coming to the club on leased '16 Mercs, BMW, Audis and leave the club with no female at the end of the night & I drive past with my 05 car with a female heading to the crib

 

[Cowboyz89]

I regret upgrading from a 2012 maxima to a 2016 infinity q50..$500 car payment plus $180 insurance is a burden but driving that car makes me feel good so that dual screen navigation make you feel like you in a spaceship

 

[calixprynce]

seems like brehs having hard time understanding price and value , marketing.

subscribe to Tai Lopez on yt

 

[Luken]

Clearly, your not a car enthusiast or hobbyist, or have any friends that are the latter either.‎

A car is a tool used to travel and that's all it is. End of discussion.

If a guy walked up to you and said he'll sell you a $5 bill for $5.21 would you buy it off him? If you did would that make you a sucker?
Suddenly if some zeros get added behind the numbers it makes you less of a sucker? If he sells you $30,000 for for $31,280 aren't you not the same as a the guy that bought the $5 for $7.14? You even paid the same interest rate.

 

[PrnzHakeem]

 

[benjamin]

 

[The Refiner]

Im tired of these nikkas speaking on shyt they don't know about.

Theres never been a better time to finance.

I don't get what's so hard to understand lol.

You're borrowing money (paying more) to pay for something that loses value at a rapid rate. No matter how little the interest rate is, you're still paying more than what that car is worth at that moment AND it doesn't even hold that same value for long lol.

As important as borrowing money is the make of the car you buy. Honda, Toyota, Nissan = INFREQUENT and INEXPENSIVE repairs, which means virtually no headaches and that's a big deal for me.

 

[The Refiner]

For real breh, the sound system is bumping, I keep the car smelling good fresh and heating system is very good, especially late night after the club females be real cold and trying to be warm enroute to the crib.Car doesnt look like much from outside, but once you in, you mad comfortable.

I laugh at cats coming to the club on leased '16 Mercs, BMW, Audis and leave the club with no female at the end of the night & I drive past with my 05 car with a female heading to the crib

Lol what do you drive breh.

 

[PrnzHakeem]

Happily paying $1K a month for 36 months instead of the $35K upfront.

Y'all nikkaz must have no or bad credit to pass up borrowing money on the cheap

 

[The Refiner]

Happily paying $1K a month for 36 months instead of the $35K upfront.

Y'all nikkaz must have no or bad credit to pass up borrowing money on the cheap

I'm realizing what the problem is. I'm more focused on the bigger picture ($35k+), while ppl who think like the bolded statement are thinking about the present ($1k) smh.

Breh, after 36 months you will have paid $35k+ for something that is significantly less than $35k.

Rule #1 is buy low and sell high . Instead you applying that rule to your life, you allowed a financing company to use it on you and somehow you think you're making sound business moves lol.

Somebody gotta be taking an L in this transaction, and trust me its not the bank

Do you ever catch yourself wondering what else you can do with that $1k/month? If not, you will.

 

[The Refiner]

Delete

 

[PrnzHakeem]

I'm realizing what the problem is. I'm more focused on the bigger picture ($35k+), while ppl who think like the bolded statement are thinking about the present ($1k) smh.

Breh, after 36 months you will have paid $35k+ for something that is significantly less than $35k.

Rule #1 is buy low and sell high . Instead you applying that rule to your life, you allowed a financing company to use it on you and somehow you think you're making sound business moves lol.

Somebody gotta be taking an L in this transaction, and trust me its not the bank

No L here, the $35K i could've paid upfront on a car, I put towards a downpayment for a $500K house.

I could've still put up the money for the car, but i'm not selling my stock positions.

Leasing a similar car would've been just as expensive.

Any dealer letting you borrow such a large amount of money at such a low cost is a no brainer. You take that deal 10 times out of 10.

 

[Truefan31]

And people wonder why most Americans can't save money....basic concepts people don't wanna learn. Too busy wanting self gratification with things like cars smh