Mathew Knowles on Meek Mill Talking Down on Leasing Cars

[UpAndComing]

Here's a thought. Why can't you just buy a cheap but good used car for $9000?

I see no benefit in buying or leasing a car that's over $15,000. Paying so much bills on a depreciating asset is idiotic to me personally. I can only justify paying over 15 grand on a car if I was a multimillionaire

 

[Donald J Trump]

Here's a thought. Why can't you just buy a cheap but good used car for $9000?

I see no benefit in buying or leasing a car that's over $15,000. Paying so much bills on a depreciating asset is idiotic to me personally. I can only justify paying over 15 grand on a car if I was a multimillionaire

thats what the debate was, we was talkin about if the person was a multimillionaire

 

[Cynic]

Your not factoring personal cash flow...and no car will ever give you a return on investment it's always a loss unless your talking special edition you barely drive and keep around for 50 years

If someone just buys a new car as soon as they finish the payments versus someone who's leasing the leaser will always have paid less on a year to year basis until They have to deal with trading in or selling the old car and the salvage value plays into it..so as a whole you probably edge out by buying but you don't see the benefit until you sell the old car ... But the 200 dollars you saved every month leasing you could have saved and invested and got a return on that

Where it makes me the most sense to buy is if your keeping the car 10 to 15 years are fantastic at maintenance schedules and have a family member as a mechanic and don't live in a rust belt area

a return on $200/month ? in what exactly ?

 

[UpAndComing]

thats what the debate was, we was talkin about if the person was a multimillionaire

Ok gotcha

If you plan on switching up cars every couple years, then lease if the car is say $250,000

If you the type to find a car you love and want to keep for as long as you can, then pay that $250,000 outright


Best answer though is to buy a car that is used and just got out of a lease from someone else. That $250k car would have depreciated in value by at least half, and you walk away with paying only around $150k for a 3 year old car.... assuming you want to keep it for a while

 

[Kobes Two Jerseys]

The real question is,....
Why do you have to stay so far away from where you work and want to be in a four cylinder car and not a car that is made to actually drive the distance and feel like an actual man, tho?



Not to mention, if you got money to lease a new car. Why you complaining about money to begin with?
Do you see how crazy what you are saying equally is.

You trying to tell me you want to lease a new ford focus eco type.
When I can get a v12 for 6000, or more less. with super low miles and I can get the same car for ninety days, with a fraction of the cost deposit and full coverage insurance that replaces the full value of the car and actually make money if sumfin happened to the ride. Plus if I wanted to. I could trade it in off guarantee.
before the ninety days were up just off some wearable parts bullshyt and get another one in the same deposit or value amount.

I can get a brand new benz three to four years old brand damn new damn near. For twenty thousand and then sell it for fifty and do way more than the bullshyt you dumb ass leasers are talembout.
A person who leases a vehicle is just trying to keep up with joneses. Way out of their tax bracket.
However you spin it you look stoopid financially. Leasing a vehicle was made to stiff feminine baby boomer guys needing a look.
Or as a tax break for a large corporation. I know I sold the cars for all of Quaker.
to every rent a car agency in the world.

By making almost a triple up off of them per whip.
So, like I said you just trying to keep up with the exec above you in grade and perception in basic premise of how the whole leasing thing was created. This shyt been talked about as to the why's in fortune magazines and the like since I was a kid. hoping to find out how to realistically get a lambo at a young age.
Plus why most people were broke who had a lambo too.
So, all this shyt I know is a con and I learned a long time ago what to do for real for real from all this info over the years by the time I was at least thirty two as a science on beating this part of man-dom.


Art Barr

My car worth a double up,....tho.

My rims worth twice my car too and I only paid half of what my car worth for it all.
I got a 20000k, for less than six and I can make ten to twelve easy off my car.



Art Barr

Rimsv12I dont care about cars like that. What are you? 17 trying to validate your position as a man? Whats next? Your setup of 12” woofers with the 1000 watt amp? Nobody cares about that shyt.

 

[Kobes Two Jerseys]

Then don’t buy a $20,000 car. Part of living in your means is buying stuff you can afford. Outside of a house I’m not financing anything I can avoid.

Good for you. Live your life as you see fit. When you start paying my bills, then you can tell me how to live my life. Im good with where Im at. But I notice you didnt answer the question.

 

[Art Barr]

Rimsv12I dont care about cars like that. What are you? 17 trying to validate your position as a man? Whats next? Your setup of 12” woofers with the 1000 watt amp? Nobody cares about that shyt.

yeah, you do.
or you just don't care if someone fleeces you for your bread for a four cylinder.
wish i would commute in a four cylinder for work.

you making life even huffer for your self and yes, i traveled sixty miles a day in lux supercharged v6 [worth 14K brand new damn near and on a year old. car ticket was originally 28K+ to start ], v8 [gift] and v4 [rental].
the v4 was when i got stuck with a eco car from a lux rental because of semantics.
when the dealership company paid for my ride being fixed and gave me rental at enterprise but i needed a whip and that was all that was left.

you can't tell me you enjoy life in a four cylinder and you commute this long ass distance to work every day.

you just barely making it, breh.
i mean in actual life as being worth a damn, not financial.
you sound like a corporate prisoner, that is a vic to everything corporate america can fool and emasculate a man into.

the more i read your stuff you sound like ed norton in fight club.




art barr

listen to financial advice from someone who commutes in a four cylinder worth 2ok plus. for more than thirty miles a day, breh.

 

[Art Barr]

Good for you. Live your life as you see fit. When you start paying my bills, then you can tell me how to live my life. Im good with where Im at. But I notice you didnt answer the question.

you sound like every woman talking shyt like they know anything about cars before they got another one.
that got played on every car lot daily in america since cars were made.

well, you can't tell a dude who still think five is better than six anything anyway.


art barr

 

[Kobes Two Jerseys]

you sound like every woman talking shyt like they know anything about cars before they got another one.
that got played on every car lot daily in america since cars were made.

well, you can't tell a dude who still think five is better than six anything anyway.


art barr

You sound like the 37 year old who still cruises past high schools at 3:15 blasting your stereo.

 

[Art Barr]

You sound like the 37 year old who still cruises past high schools at 3:15 blasting your stereo.

you sound like you have pedo thoughts and just deflected them on to me, breh.

finance/lease a four valve car priced over 20K, and talk about you know how to make good financial decisions breh.
you sound like a female getting taken at the car lot.


you not even a man, unless you know how to fleece car lots off of car lots and make money off a car.

a car supposed to make you double back, what you paid for it, not make money off of you.



art barr


i can go cop a 15K maserati and go get like thirty for the bih.

you out here financing a four valve, breh....stop.
leasing was not even technically made for the four valve.
till they realized,..
shyt, we can get women with this keep up with the joneses ass shyt.

then you took you actual grown male self down there and did the female dummie, tho.
like you can't insult nobody.

i would never tell nobody i financed a lease on a four valve car.

you sound like you really stoopid and you was hurting in a bind, and had no idea wtf to do.

 

[10bandz]

this nikka Art got me like

 

[winb83]

Like everyone has said, buying a car these days straight cash is stupid too. You can finance a lot of cars these days with interest rates in the 2's, and sometimes as low as 1%. Why would you not want to be liquid and use that money to invest when even conservative investments make more than 3%, assuming you know nothing about investing at all? Throw it into something like the S&P without even having to do any research at all and your money that you didn't put into the car is making you more than it costs to borrow the money you used to pay for the car.

Or I can just buy a $7000-$9000 car and invest the rest of that money and not have to make monthly payments. Hell I can even invest the monthly payments I would have been making on the car.

Let's be real here. People aren't saving up $20,000+ and writing a check to buy a car. People like monthly payments because they don't feel the pain of them as much. Making $550 in car payments a month is much easier to a person than writing a check for $20,000. The average person probably doesn't even have $20,000 in the bank anyway. They aren't taking out an auto loan and investing in the money because they don't have it. If they did have the money they wouldn't want to spend that sort of money all at once because there's a mental process you go through when you spend that kind of money all at once that you don't go through when you can afford the payments.

The best way to do this is to buy a car you can afford and take the car payments you would have been making and pay yourself. Hell use those car payments to pay off the house faster. The goal should be to get away from all these monthly payments and get to a life where you get your check and outside of taxes, utilities, and cable / internet you don't have any monthly payments at all.

Once you resign yourself to monthly payments and accept that you'll likely be paying them the rest of your life If you don't have the self discipline to drive a car you can actually afford cash then after the payments are up you're probably not gonna have the self discipline to keep the paid off car and just end up trading it in for more monthly payments on a newer car.

I've seen people who live like that have their parents die and inherit a house and take out a mortgage on a paid off house so they can get some money. People who accept monthly payments can rationalize why it makes sense to mortgage a paid off house.

 

[5hunidd]

you sound like you have pedo thoughts and just deflected them on to me, breh.

finance/lease a four valve car priced over 20K, and talk about you know how to make good financial decisions breh.
you sound like a female getting taken at the car lot.


you not even a man, unless you know how to fleece car lots off of car lots and make money off a car.

a car supposed to make you double back, what you paid for it, not make money off of you.



art barr


i can go cop a 15K Maserati and go get like thirty for the bih.

you out here financing a four valve, breh....stop.
leasing was not even technically made for the four valve.
till they realized,..
shyt, we can get women with this keep up with the joneses ass shyt.

then you took you actual grown male self down there and did the female dummie, tho.
like you can't insult nobody.

i would never tell nobody i financed a lease on a four valve car.

you sound like you really stoopid and you was hurting in a bind, and had no idea wtf to do.

Maserati’s are trash, unreliable and most models got the worst depreciation .....and I feel you I’m not leasing a 4 cylinder unless it’s a boosted/turbo performance model

 

[Slystallion]

a return on $200/month ? in what exactly ?

it won't be much but if your putting it away over the term of the lease it's at least 7200 by the time you end the lease. Sot it can help negate the advantage you get from buying when you trade in or sell your old car. You can put in high rate savings account which isn't much. Or a high yield bond etf.

 

[Art Barr]

Here's a thought. Why can't you just buy a cheap but good used car for $9000?

I see no benefit in buying or leasing a car that's over $15,000. Paying so much bills on a depreciating asset is idiotic to me personally. I can only justify paying over 15 grand on a car if I was a multimillionaire

This.

You can get a millionaire's Benz that is two year old car for nineteen. Why if I don't have a mill. Would I ever pay more than fifteen to twenty thousand for a car. When if I haa job to lease. I could get a grown man top of the line gm luxury car for thirteen thousand. Three years after the car was sixty to 100k.
Paid in full in cash from six months of saving routinely with a career salary position.
nikkaz in here talking and i really wonder if they have an exec parking spot. I used to get an exec parking spot at the Illinois center. All because I was a kid in a luxury car that was smart. I got the lux exec treatment because I excelled and won the financial corporate game. It is people in here talking and I wonder if they ever been the man on their job. Where they had to even have a look and even then I know l, they a fukk'n lie with this finance and lead shyt cause I been nav'd that con with no loss. While watching others completely lose right around me.

Yet people in here talembout financing and leasing a car. You are the fools blood the world runs on.
Can't believe the bullshyt I am reading in this thread.


Art Barr

My first car was a damn near brand new by miles luxury car, I got for 13999.
A year after the release date and only two real years old with barely 18000k on it.

Right now I own a rich man's car. Dale earnhardt's neighbor's corvette to be exact and I own it for 6000 and it is almost thirty years old and less than 9ok in miles when I bought it.

You nikkaz with this leasing and finance shyt. sound like feminine drug problem exec style white boys getting fleeced at the lot.
Y'all black. This level of financial ineptitude is ridiculous.


Art Barr