A Car payment if for suckers
- Thread starter Yagirlcheatinonus
- Start date
A car is like toilet paper. You spend money to destroy what you buy. All my car needs to do is be in good working order and get me where I'm going and back. I prefer to drive a car that I can put PLPD on and have enough cash on hand to buy a replacement if I wreck it.Driving a car u don't really want is for suckers...I want some new damn it
I sure as hell ain't making a $400-$500 payment plus $100+ in insurance to have something I'm destroying daily and it's losing value just for it "feeling nice to have."
I'd feel bad losing that money. Think about it. It's said that a new car loses 70% of its value inside the first 4 years. Buying a new car is something only rich people should do.
Why anyone would finance something that loses 70% of its value in 4 years is beyond me. You financed 4 years of depreciation when you could have just got the 4 year old car and let someone else take that hit.
Nothing luxury about the whip you bought? or just buying car straight?I bought my last car straight cash
Nothing luxury about it
My most recent car isn't luxury, but i bought it straight (2015 Jeep Compass)
I do own a luxury vehicle, (2009 Mercedes GL450) but its old, had some miles on it, and i made payments on it for a little over a year.
My luxury car purchase was a complete mistake, and if given the option to redo it, I wouldn't buy it again.
I regret financing a 5 year old going on 6 year old whip. I wish I had copped something nice with straight cash and then pour a grand into it to ensure it will be reliable. Maaan my insurance premium alone could put me in a fukking TLX if we keeping it frosty here. 
Suleiman Bey
Banned
This is pure nonsense.
At least you were smart and let somebody else pay the major depreciation. Somebody that finances a brand new $30,000 car at the average American terms of $503 payment per month for a 68 month term the moment you drive the car off the lot it loses $3300 in value. That is about 6 and a half months of payments for nothing.I regret financing a 5 year old going on 6 year old whip. I wish I had copped something nice with straight cash and then pour a grand into it to ensure it will be reliable. Maaan my insurance premium alone could put me in a fukking TLX if we keeping it frosty here.
Its not. A car is a tool to get you where you're going. If the tool is functional and does the job you need it to do well then does all that other stuff really matter? The rest of that stuff is marketing. Companies have convinced you that this tool is something you should hold in high regard and place great value and importance on. Marketers indoctrinate you to receive pleasure from purchasing this tool and owning it. They preferably want you to make monthly payments to own the tool because they make very little money selling it to you outright.
If you buy into this you can literally become a slave selling your life away to a bank, credit union, or car dealership so you can own a tool you spent an excessive amount of money on and really didn't need when a much simpler tool would have got the job done just as well for a much lower price.
If all you need is 2GBs of data a month do you walk in Verizon and ask them for the XL 16GB plan for $90 when you can get a 2GB plan for $35?
Cars are just one of those things where people spend a bunch of money on far more than they really need then convince themselves to feel good about the excess they spend as it plummets in value and they have nothing to show for it because at a point 4-5 years in it hits an equilibrium and the rapid depreciation slows and they still have the same car just minus 70% of it's initial value.
Suleiman Bey
Banned
More nonsense.
A car is a tool that gets you where you need to go and back. That isn't nonsense. It's a fact. All the other things people wrap around cars is the nonsense.
Suleiman Bey
Banned
That is the only fact you presented. They rest was hyperbole.
levitate
I love you, you know.
Cheaper to buy, lease w car for like 300, insurance another 3 bills gas like 150-200 a month
I bought my car for 12,000 used 3 years ago, keeping it till the wheels fall off
I bought my car for 12,000 used 3 years ago, keeping it till the wheels fall off
I feel television sets are one of the most worthless purchases a person can make when it comes to real value. Most people don't have to finance TVs and pay on them for years and years. They pay for the TV and own it outright and that's that. People spend years of their lives paying a decent chunk of their monthly income on cars. Some people have a philosophy that a car payment is just a part of life.Do you feel the same way about television sets?
