Forbes: The One Monthly Payment Killing Your Wealth

[AtomicUse]

man, I'm not living somewhere where my kids can't go outside. I'm good.

back of the yards don't even really have any black people.

speaking of roseland, part of it is nice. i'm talkin bout the area between state and king drive between 95th and 99th street.

That's why I said single man. If you have a family, both of those areas are no go's.

Plus in Chicago unless you work in a suburb, you don't really even need a car like that. Just as long as it's functional. Cause you're 100% going to get door dings from swinging doors and bumper creases from idiots trying to parallel park if you drive enough.

 

[joeychizzle]

Why spend all that money on a whip when you could spend that on a vacation instead?
Call me an idiot but I'd rather be out there experiencing what the whole wide world has to offer, and widening my horizons rather than riding clean

 

[At30wecashout]

Driving a 2014 with 36k or so miles on it, Fell in love with that lil red bytchHer name is Chevy Cruze. Plan to keep it, probably try to pay it off inside of a year, then save for
a house in either the middle of nowhere, or something adjacent to a city so I can still find IT work.

 

[Makavalli]

the biggest mistake I made financially was to get a 5 year car note for a fukking neon I was miserable during those 5 years and hated that car, since then Ive been paying cash for used car and getting a mutual fund account and a life insurance instead of a car note

Why the fukk would u buy a dodge neon? Clit on wheels

 

[yakamein]

900 my nikka.... how old was u


Breh how was driving it? I was thinking of getting a 6th Gen also, probably like 2013. They're like 10-12k now...150/ month is manageable

I was 23 at the time. No bills & working as a mailman, so it wasn't a struggle. I honestly had fun with the car. But my gto I had before the Camaro was much faster and more fun to drive.

 

[Cabbage Patch]

I wish I had copped something nice off Craigslist, pour 2-3k in it and be car note free From now on I'm not copping no car if I can't pay for it in cash fukk that

The craigslist where I'm at is full of stolen cars being sold by white trash scam artists.

 

[ReturnOfJudah]

Purchase my car a year ago with zero miles. My girl bought a new whip last month too

 

[GodinDaFlesh]

You need a car if you've living in a place with limited or no public transpiration, and buying a cheap, but crappy used car will cost you a lot in maintenance.

 

[tru_m.a.c]

I concur with the article and most of the comments in this thread. However I will say, buying new is a blanket statement.

I had 94 Nissan sentra that got totaled in an accident. I had a 99 honda accord that broke down and the cost to fix it were more than the car. My dad gave me his 2001 Toyota 4runner. The transmission blew out on me on the 95, at rush hour. How I was able to get that shyt off the highway and out of traffic was a miracle. Buying new makes sense for those of us with crazy car histories.

Do you need to upgrade ever 2 to 3 years? No.

But buying smart is the key. I have a 2014 accord now. Cheap oil change. Parts easily changed. Great gas mileage. But I can't wait to pay off this 369 car note.

 

[Field Marshall Bradley]

Get ya engine checked tho, old cars are less fuel efficient and you might be spending that money anyway if the engine's aging

Not on a 2005 he's not....

 

[Field Marshall Bradley]

That's not a lot of money. You have bigger problems if you can't afford that.

and here come the honkeys with the bullshyt....

 

[Field Marshall Bradley]

Or live in a hood full of black excellence that ain't crabs

Most black people don't live in the hood/ghetto

Pretty close to 40% probably stay in a hood, or close by...

 

[Field Marshall Bradley]

However you only live once so why not drive some fly shyt if you can afford it? shyt you need to have experiences in life and not just money. You just have to do it smart.

If you really got it... go for it.... but if its a slight strain, then why do it.....? And what does that nice car really bring you that actually boosts your self esteem...... if you pulled a bad bytch with that car, I can show you someone in a 2003 Taurus with a fukked up passenger door that pulled the same chick

 

[Field Marshall Bradley]

Beta male stuff here. That's your wife. Discussion is cool to a point. If it ain't in the numbers it ain't a discussions anymore. It's a firm NO and that's the end of it.

You married?

 

[Field Marshall Bradley]

Cars can eat the fukk out of your pockets regardless. Leasing is just asking for constant output. I'll be damned if I lease anything that isn't a living space.

Honestly... If you have a reliable car that you own outright... Leasing isn't bad at all