Four Reasons Why You Should Never, Ever Finance A New Car

[unit321]

1. I said I wasn't going to trade it in, obviously I would still get the short end of the stick
2. I guess you didn't see my post right above yours stating I don't see Cars as an investment
3.I doubt you're not getting a new R/T for 24,000 even with the redesign.

Well you said this, But I'm pretty happy with my "Investment", so I guess you were kidding. my bad.
If nationwide car sales drop... and demand for R/T drops.... and its 2015 and a dealer has 2014s on his lot, then you have the perfect storm and can low ball the salesman for $24,000. The way the US economy is doing now, I don't think that's a possibility. Option B, if Middle East issues go bonkers and the price of crude oil goes way up, then demand for gas guzzlers is going to drop, dealers are going to have multiple R/T unsold, then you might be able to get an R/T on the cheap.

 

[Trojan 24]

Well you said this, But I'm pretty happy with my "Investment", so I guess you were kidding. my bad.
If nationwide car sales drop... and demand for R/T drops.... and its 2015 and a dealer has 2014s on his lot, then you have the perfect storm and can low ball the salesman for $24,000. The way the US economy is doing now, I don't think that's a possibility. Option B, if Middle East issues go bonkers and the price of crude oil goes way up, then demand for gas guzzlers is going to drop, dealers are going to have multiple R/T unsold, then you might be able to get an R/T on the cheap.

My bad bruh, yeah I was just being sarcastic.

Also if 2014 Challenger and Chargers ever go that low, I may just have to cop that Charger .

 

[unit321]

My bad bruh, yeah I was just being sarcastic.
Also if 2014 Challenger and Chargers ever go that low, I may just have to cop that Charger

Don't quote me on this, but that could happen within two years.
If you were around in 2008-2009, that was a mix of the housing bubble pop coinciding with a big gas price increase, full-size pick-up trucks, SUVs, large sedans and any vehicle that was a gas guzzler were stuck on dealer lots.
I feel the Dow Jones is inflated way too high right now and can drop any time. Issues in the Middle East are re-escalating. We're blowing up oil pumps in Syria so ISIS can't get money. We're probably going to do that in Iraq. We decrease the oil supply to fight ISIS, we're indirectly increasing the price of crude oil unless another OPEC country makes up for the difference.
Extremist Muslim groups are getting active again. Any cells from the early 2000s are probably either caught, deep sixed by CIA black ops on the DL, or they've left the US. New members are Americans going to the Middle East for training and coming back, which has already happened. Who knows what or who they are going to hit to affect the economy.

 

[Trojan 24]

Don't quote me on this, but that could happen within two years.
If you were around in 2008-2009, that was a mix of the housing bubble pop coinciding with a big gas price increase, full-size pick-up trucks, SUVs, large sedans and any vehicle that was a gas guzzler were stuck on dealer lots.
I feel the Dow Jones is inflated way too high right now and can drop any time. Issues in the Middle East are re-escalating. We're blowing up oil pumps in Syria so ISIS can't get money. We're probably going to do that in Iraq. We decrease the oil supply to fight ISIS, we're indirectly increasing the price of crude oil unless another OPEC country makes up for the difference.
Extremist Muslim groups are getting active again. Any cells from the early 2000s are probably either caught, deep sixed by CIA black ops on the DL, or they've left the US. New members are Americans going to the Middle East for training and coming back, which has already happened. Who knows what or who they are going to hit to affect the economy.

Okay , maybe I'll roll with that Fusion Hybrid.

 

[88m3]

Have a New S4, well I think the 15' model is out now. I see a year or two old models still go privately in the high 40's low 50's. I'm kind of hoping we get an RS4 or RS3 Hatch and I'll just trade it in. I could also throw 100k miles on it, it's a pretty solid commuter car. Jurry is still out.

 

[GunRanger]

I really hate the investment talk. Unless you're getting a vintage Ferrari at auction, no one does that.


Now lets talk about the myth of a house being a good investment

if was to buy a new car out the gate, i'd drive it for a year, sell it. Whats the most I'd lose out on, a couple thousand? Soft.

but financing fully loaded 'newish' cars are probably the best way to go, all in all.

Leasing

lmao You're post is exactly why someone would WANT to lease

 

[Luken]

I really hate the investment talk. Unless you're getting a vintage Ferrari at auction, no one does that.


Now lets talk about the myth of a house being a good investment

lmao You're post is exactly why someone would WANT to lease

ah shiet.......

 

[Luken]

I really hate the investment talk. Unless you're getting a vintage Ferrari at auction, no one does that.


Now lets talk about the myth of a house being a good investment

lmao You're post is exactly why someone would WANT to lease

IT IS though. you pay off a house, live in it or rent that trick out, your GOOD. acquire about 2-3 more properties, rent them out, and you will never have to work again. well atleast here the housing market and condo market is that good though.....


you pay off your car, you own it, and then what?

 

[GunRanger]

IT IS though. you pay off a house, live in it or rent that trick out, your GOOD. acquire about 2-3 more properties, rent them out, and you will never have to work again. well atleast here the housing market and condo market is that good though.....


you pay off your car, you own it, and then what?

Most people never pay off their homes, and even the ones that do, do so in 30 years.

 

[Luken]

Most people never pay off their homes, and even the ones that do, do so in 30 years.

Thats why you should be focused on your real hustle, re-fiance the mortage, aquire more properties and build equity until you pay off one, you should be able to do it in about 4-5 years if your hustling right.

 

[GunRanger]

Thats why you should be focused on your real hustle, re-fiance the mortage, aquire more properties and build equity until you pay off one, you should be able to do it in about 4-5 years if your hustling right.

The percentage that do is so small, it deceives the majority.

 

[88m3]

The percentage that do is so small, it deceives the majority.

It's what I do for living

 

[Malikthegod]

It's what I do for living

What kind of properties do you deal with? do you have your RE license?

 

[88m3]

What kind of properties do you deal with? do you have your RE license?

Multi family and short term rentals. No.

 

[Malikthegod]

@88m3
I got some more questions for your breh. I'm seriously considering REI