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/biz/ - Business & Finance

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56955331 No.56955331 [Reply] [Original]

My car payment is $0/year, kek.

>> No.56955336

My car payment is $1,098 a month (but I make $200k a year)

>> No.56955347

>>56955331
Cars are the biggest waste of money. Fuck car payments. Cash only.

>> No.56955357

>>56955336
Dumb as fuck lmao
>>56955347
2 years ago when you could get an apr of 0% it always makes sense to get a car payments over a loan.

>> No.56955376

>>56955357
Nah fuck that just pay for it and be done with it. You are paying for it regardless so might as well do it up front.

>> No.56955394
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56955394

>>56955331

>> No.56955524

>>56955394
cool camry.

>> No.56955555

>>56955394
That's still $600/month, kek.

>> No.56955573
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56955573

Based shitheap enjoyers

>No car payment
>TurdYota so literally easy to replace anything on it
>insurance is out of state to get the lowest rates
>hate women and people in general so don’t care about “showing off”

>> No.56955631

>>56955331
>>56955347
>>56955376
I remember when I bought my Truck, all my siblings were like "get a loan", "don't spend your own money"... but I had the money in cash. Anyway I listened to them and got a loan, and paid it for maybe a year or two before I got sick of paying interest and finally just wrote a check and paid the entire thing off. I don't get people wanting to borrow money when you can just pay and that's what I should have done from the start.

>> No.56955656

>>56955555
Checked.
>>56955573
My shitbox car got stolen by a nigger once, worst day of my life. The nigger does not care what he joyrides in, as long as it ends up destroyed. RIP and remember to appreciate your local Prizm, Civics, Camrys and Sables from 20 years ago.

>> No.56955673

>>56955347
>Gives his hard earned cash away for a cuckbox
>Doesn't do everything possible to use cash as leverage for assets
Granted I paid 5k for my crown vic because it's God tier but never again will I give a sum of money like that away except to family or friends

>> No.56955686

>>56955631
Because you should have used the loan to trade and then paid for the car yourself, are you stupid or something? Then if the trading goes bad, never pay it back like every Jew did to dominate your economy

>> No.56955687

>>56955631
sometimes its good because it helps your credit by doing exactly what you did.

>> No.56955763
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56955763

I drive a 2002 Volvo s80 and paid $1200 for it. Car paymentfags get the rope

>> No.56957553
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56957553

I use an electric scooter, I don't even have to spend for gas, and I didn't even buy it, XOR took care of that lmfao

>> No.56957626

>>56955331
I just bought a camry for 10k

>> No.56957715

>>56955555
Cool numbers bro

>> No.56957903

>>56957626
What year/mileage? I'm on the market for one as well. They aren't the prettiest, but they can sure take abuse. They seem to retain their value exceptionally well too.

>> No.56959081
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56959081

My tag is expired and I don’t have insurance. I make sure to drive safely and avoid the police in case they read my tag.

>> No.56959133

>>56955331
Me neither but now I'm looking at a 4k car repair bill, still better than being a payment cuck

>> No.56959238

>>56955631
>I don't get people wanting to borrow money when you can just pay and that's what I should have done from the start.
simple
if you have the money, and aren't mentally retarded or something, you can potentially earn a return on that money that's greater than the interest rate on the car payment. now your income absorbs the car payments, insurance, taxes, fuel, etc. and you aren't out $100k on a cash payment, or even a fraction of that on a down payment, and the whole lot is earning a reasonable return.

>> No.56959282

>Finally pay off car
>It dies

>> No.56959306
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56959306

Get a bike, being in good health saves you money too.

>> No.56959307

bros I have 10k and i was thinking of buying a car with that cash. what are some ways to get the dealer fag to give me a discount on the car since im paying all cash?
>t. 24 and never had a car before lol

>> No.56959346

>>56955331
Same. I do pay for oil changes and gas tho.

>> No.56959353

>>56959307
if youve made it that long without a car do you really need one? buy 10k of BTC instead

>> No.56959359

>>56955347

This lol. I drive an old shitbox and probably don't put more than $500 a year into it on average between routine maintenance like oil changes, tires, and anything that breaks which has been surprisingly little for as old as the car is. Normies who go out and buy (relatively) new cars are losing probably $2-3k a year in depreciation alone, then all the interest they're paying to Mr Shekelstein at the bank on top of that.

>> No.56959393
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56959393

>>56959346
I bought a 2006 lexus ES 330 off my dad for $3k when I was in highschool back in like 2013 and its lasted me a decade already without any major fixes or repairs needed. its a real workhorse. I've probably saved so much money over the years from how good this thing is

>> No.56959415

>>56955357
Hope you understand VAR and are hedged appropriately retard.

>> No.56959440

>bought a 35k car at 16%
>immediately paid off 12k
>pay ~2.5k/month by choice

I can pay the remainder off in cash right now but I like having it in my bank account. am I retarded for this? I needed an upgrade due to where I drive for work. 125k/yr salary

>> No.56959449

>>56955763
based as fuck

>> No.56959574

>>56959440
no. you are unlikely to generate a return greater than 16% for however many years you had that car loan.
paying down the principal to the right degree is just restructuring your own loan -- so that you don't have to perform as well with the rest of your money to offset the interest.

>> No.56959594

>>56959440
Jesus Christ you're retarded. That's not even a very nice car.
>>56955763
Based. I paid $4k for my corolla ten years ago. It was my first car and I've run it into half a dozen things but it's still rolling.

>> No.56959634

>>56955376
I used to think like that too but if we assume you can get a low apr and finance it, you can invest that money in something that yields a higher apy than that of your loan