>Buy a new car>Can't afford it so you finance it>Take out a loan to buy a rapidly depreciating asset>Have negative equity the moment you start driving itWhy are people so financially stupid?
>>62795686> 332 KB JPG>build a data center >Can't afford it so you finance it>Take out a loan to buy a rapidly depreciating asset
>>62795695ai is here to stay, chud! now hold the bags!
>>62795695That's called investing in your business. There is a difference between buying something that will be used to generate revenue and buying an overpriced toy that does nothing but financially drain you.
>>62795686Not everything in life is about making money, anyone with half a brain knows they won't make money by buying a car, but some people really want to enjoy a nice car, and if they can afford to finance it, it's their choice. I personally wouldn't do it, because i don't think it's worth the money, but to me it's like paying for a holiday, everyone knows it won't generate revenue, quite the contrary, but not everything in life is about generating revenue, if you really want to spend a lot of money on a huge trip, if that's your thing, go ahead.
>>62795686>buy a used car>it also depreciates even more as you drive it>no warranty, have to pay for all repairs out of pocket>engine blows up or tranny grenades itself and now you cant get to work and your car requires thousands in repairs that you now owe out of pocket for.Why are poor people so stupid?
>>62795716>Not everything in life is about making moneyuhh what
>>62795686america is a jewish hell country where you cant live life without a car (unless u live in Chicago, Philly or NYC)and used cars with 100k miles that are 22 years old cost 9k
>>62795730sf bro it's walkable the rent just starts at $5,000 tho
>>62795686Women are living my debtmaxxing dream. I wish I didn't care about my credit score and could max out credit cards and leave debt collectors holding the bag. There's a girl out there right now maxing out a credit card on a pair of fake tits and she will never pay for it. Honestly good for her. She'll find a sucker to bankroll her and she'll never need to pass a credit check.
>>62795686It’s not horrible if you can get a decent rate. I bought my Corolla pre-Covid for well below MSRP and had a 3.5% loan or something like that. It’s been paid off for years and I expect to have it for many more years to come. I would have had to wipe out my emergency fund and/or my meager etf holdings at the time. It’s only retarded if you get a 20% loan on an entry level luxury crossover that you have no business driving as an average wagie and/or you don’t keep your cars for a long time and you just keep taking a beating. I’ll keep my Corolla until it’s unsafe to drive.
>>62795711A vehicle is needed for transportation to a job, especially in the US. It's a business investment that actually makes money. AI makes dumb cat pictures and spams script kiddy hacks all over the place, it's not a business it's a novelty.
>>62795716It takes a special kind of retard to sell thousands of hours of future labor in exchange for a nice car. Is the experience of driving around in your shiny toy worth all of the bullshit you will have to endure to pay for it?
>>62795750you cant even enjoy cars in this countryi live in the DMV and there is traffic LITERALLY ALL DAY IDK EVERYONE IS UNEMPLOYED BECAUSE AT 10 AM TRAFFIC AT 1 PM TRAFFIC AT 3 PM TRAFFIC AT 5 PM TRAFFIC AT 7 PM TRAFFIC AT 12 AM TRAFFIC
>>62795747I didn't say it's stupid to buy a car. It's stupid to waste your money on the most expensive kind of car you can buy, a new car. The more you spend, the more you lose.
>>62795750unless you're already work-optional and this would make you not work-optional, yes
>>62795711But bond markets doubt AI can make money
I bike to work
>>62795779The main companies spending money on data centers are Microsoft, Amazon, Google, and Meta. Notice that these companies already have massive cloud infrastructure, and they need more as more people use their services. Building data centers is just standard business practice for them.
>buy slightly used car outright>preferably a Toyota of some sort>bypass all of this retardation
Most people are buying the car so they can get to their job.
>>62795809CoreWeave is essentially just an AI data center builder, which shows that the pure-play AI space is a bubble. Meanwhile, Microsoft, Amazon, Google, and Meta have massive cash flows to support their operations, even if AI fails to deliver profits.
I drive a 2006 Cary that I paid $2000 forI have a lot of debtbut I've never taken a car loan in my life
>>62795831Right, and most of the spending is coming from the Big Tech hyperscalars. CoreWeave is a small player in the industry and it doesn't matter what happens to them.
>>62795686Everyone does this so the sticker prices go up to whatever people can finance. You cant even import from countries where people arent retarded.
>>62795686A car, if you buy it outright and not lease it, etc., is still an asset. A depreciating asset, true, but an asset nonetheless. It counts towards your net worth and it's something you can liquidate at any time if you need some extra cash.However, a car is not an INVESTMENT. You will almost certainly never make a profit by buying a car and selling it later at a higher price: it's an appliance, something you buy for its inherent practical utility.The real reason why financing a car is a bad idea boils down to interest rates. It's not unusual to see a 9-10% APR, which is well beyond what you can realistically recoup from investments in the long run. However, if you are lucky and you can get a car loan with a reasonably low rate, it's not that bad.
>>62795686You must be extremely poor if you have to think about the financial impact of buying a new car
>>62796180And you'd have to be even poorer not to think about. I paid cash for my cars (I own multiple) because the amount I paid for them was insignificant. If you don't have the cash for a new car, then going into debt to buy one is a terrible financial decision. You're committing money you haven't even yet earned to paying down a loan for something worth less than the loan. You may as well take out a loan to buy a $20,000 cheeseburger.>mmm that cheeseburger looks so delicious and I want to eat it. I can't afford it now so let me take money I will make over the next five years and instead of saving it or investing it I will use it to pay off the loan I got for the cheeseburger I ate years prior and became a worthless pile of shit after I ate it.You could just buy a $10 cheeseburger that you can afford, but you throw away money you don't even have yet to buy one you can't afford. It's retarded.Buy shit you can afford. Debt should only ever be used as leverage to increase your exposure to an appreciating asset.
I financed a car even though I can pay it off. They give a discount on financing it. I had a 840 credit score and got it at 3.9. I wonder if it's even worth paying off in the first month now. Good savings account promo yields are breaking even after taxes at 3.9%. And apparently Trump's big beautiful bill let's you deduct off car interest now. Yes, a new car has made life much more enjoyable than the beater I was driving
>>62795722I think this is how it is with newer cars anyway as in cars newer than about 2012 or so. I drive a 2012 Chevy truck and my dad has a 2021 and his has had all sorts of problems. So far I just had new shocks and brakes on mine. If older cars ever became too expensive because everyone realizes this I'll probably just lease from now on.
>>62795758>just buy an unreliable piece of junk goyNo
>>62795716>not everything in life is about generating revenueGoyim detected kek
>>62796921You can buy a three year old used car with basically no usage for like half the price of a new one.
>>62796963>just buy somebody else's problem car goyNo
>>62795686>buy a toyota (new or used)>doesnt matter if you finance or pay outright>no matter how long you own/drive it for, when you sell it you will get minimum 40% back what you paid for
>>62795686>buy a new Porsche 911>drive it 30 years>sell it for 5x what you paid for it
>>62795686I'm worth $30MM. Bought a Tesla Model Y L to drive myself, wife and 3 children around. Didn't want to sell BTC so I got a 36 month loan for 2% apr.
>>62795686https://www.youtube.com/watch?v=nxU2UjAjN24
>>62795746It weighs under 3000lbs, it was already unsafe the second you bought it.
>>62795686>Why are people so financially stupid?Be thankful they don't compete against you for used cars, and they keep taking the depreciation hit and contribute to the pool of used cars.
>>62795686this is why I buy CPO. let someone eat that initial depreciation.
>>62797070youre not wrong!
>buy new>finance it because lmao inflation rates>the best warranty and service in case anything happens for basically the next seven yearsIt's basically like a lease at that point. These days if you buy new and it needs to go in the shop for any reason they give you a free rental car. You're paying for 100% access over time to A car, probably yours, but definitely A car during the period of the warranty, and after that you have the car until it breaks in like 20 more years.when my current 2007 honda fit shits the bed for real, I'm buying new and then taking it to a chop shop to replace all the computer bullshit and disable the cell network connection.
>>62796805That's a lot of words from someone so poor he doesn't use debt as a tax shelterTrust me, nobody thinks you're rich
>>62797107I’m not getting sucked into the automotive arms race. If I get taken out by a jacked up F-250 then it must be Allah’s will.
>>62797065Do you not follow? The idea is to lose the least amount of money. The more you pay, the more you lose.
>>62796805>poor people are poor because they spend moneyThis is such a smoothbrained rich people perspective of poor people that I'm amazed so many people on 4chinz keep parroting it.
>>62795686A car isn't an investment so negative equity isnt an issue here, its a luxury
>>62797684>A car isn't an investmentNeither is housing.
>>62797684That's the same level of retarded as saying it's okay to lose a shit ton of money because you can just claim it as a tax write off.Having negative money is literally worse than setting your money on fire. It's the same as setting the money you currently have on fire then promising to set money you make over the next several years on fire as well. It's one of the dumbest financial decisions you can make. Gambling your life savings away at a casino is literally a smarter financial decision than taking out a high interest loan on a depreciating asset.
>>62797679>I'm amazed so many people on 4chinz keep parroting it.It's just one moron posting hundreds of times per day.
>>62795686This argument is financially stupid. I bought a new car at $50k with 1% financing. If I had bought a $30k used car, I would have either had to pay in cash (wasted opportunity cost) or used 9% financing. At that rate, I would've ended up spending the same amount of money, but while owning a shittier car.
>>62795686you can buy a car with 100k miles for 7 grand but pray that it was well maintained or you're going to deal with an expensive maintenance bill (and no car for 2 weeks while still paying for the insurance on it)some people buy new to not deal with issues.
>>62799232You're retarded if you think paying $30k in cash is the same opportunity cost as paying $50k for a new car.
If you can get a good rate, maybe it's not so bad? I'm sitting on an 845 credit score, and make a pretty good income. When my car goes, maybe I'll buy new this time?
>>62799320You're retarded if you think 1% financing is the same as 9% financing.
>>62799342Where did I say financing? I mean cash, which is how everyone who isn't financially retarded buys vehicles.
>>62799399>never heard of buy borrow dieOnly poor people ignore taxes
There's not many entry-level "1st car" shitboxes these days and Cash4Clunkers really fucked us all on used cars. >>62795815This would be based advice but Toyota's retain their value, so you have to really babysit listings to find a deal that's not still a lot of money on a higher mileage car.And since most people would still need to finance, you're getting a worse APR because you're buying used. You really gotta weigh dealer incentives and apr on new vs what you're getting in used. There's Sienna's that are 10 years old, nearing or over 100k miles and still $26,00. Newer ones with 30k+ miles still at $35k+. I'm driving a Subaru Outback with 170,000 miles and just babying it along.
>>62799399If you can get a rate under 7%, then paying in cash is the worst option possible. You would end up paying less than the cost of the car by financing it and investing the lump sum into a 7%-yielding index fund immediately.
>>62799438But you're not guaranteed to get 7% returns in an index fund. But you are guaranteed to be in debt when you finance.
>>62799485>But you're not guaranteed to get 7% returns in an index fund. You're right, I averaged at 14% over the last few years. I basically got a $50k car for $40k and I didn't even finish paying it off.>But you are guaranteed to be in debt when you finance.If you buy with cash, you are guaranteed to make nothing. But if you invest it immediately, you have a very high probability of making money. And the odds only become greater as the rate approaches 0%.
>>62797679poors are poor because they live on thin margins
>>62797180that would break your warranty
>>62795686>negative equity10 year old hondas are selling right now for their original purchase price
>>62795686car
>>62800000Based and checked
>>62795686>get married>man depreciates after orgasm>Have a death sentence the moment you start fucking itWhy are people so financially stupid?
>>62800000Hey cool get
>>62795686was she beaten or stung by a bee or is her face always like that
>>62800000vroom fast fr
>>62800000lmao no wayu
If you don't have a car you can't be considered middle class in cuckmerica, it's all about those wheels You could live in a car and be considered middl4clas LMAO
>be me>heartbroken by ex>meet super hot gen z blonde>gamble $300 into Lily>make unfair gains in just 1 week>invite the blonde skiing with me>1 week of pure luxury and segs>rent a bmw x6>have the best week of my life>come back home to a shitty clio 2>hate driving it>the ex wants to meet after seeing the pics on social>block her>buy a miataFrom a shortsighted financially-logical standpoint, a car is not a good investment.That's the scam mentality they want to sell you.Getting a good women in her 20s requires you to have a good car. The best women are taken pretty fast.It's a battlefield. If you dont participate, you'll get damaged leftovers.Sooner or later the "what if" question will pop up. Midlife crisis will kick in and you will end up buying that car. But now your erections are half of what they've been in your 20s. Even if women begged you, you couldnt handle them all. Which bring us back to financial implications... now you are spending even more to have worse results, and you look creepy.If somehow you managed to get a good women with that shitty clio 2, you'll pump her up eventually.Now you must demonstrate how much you care about the security of your kids in an event of a car accident. So you need to buy a better car anyway or living with the burden of being a shitty father.There's no way out, no matter how much logic and numbers you apply. Because the psyop worked on women.
>>62801363>It's a battlefield. If you dont participate, you'll get damaged leftovers.You say it like long-term relationships are a normal thing. Every superstar athlete and billionaire and keep their trophy wives in 2026
>>62801743*can't keep
>>62795686What happens if I can afford it but choose to finance it anyway, because I can make more investing the money than the apr for the finance?
>>62799128>That's the same level of retarded as saying it's okay to lose a shit ton of money because you can just claim it as a tax write off.No it isn't.
>>62795686>Why are people so financially stupid?Because they don't teach people this shit in school. Most people are retarded with money.
>>62795722My total cost of operating my 2006 civic si over the past 15 years has been a total of $18k. Any repairs are deducted from my business' income. I just recently spent $800 for a full clutch replacement. The motor is perfect. I drive 4800 miles a year.
>>62795750if youre gonna spend 2 hours a day in that thing its definitely worth it. Assuming you have the money
I need to buy a car next month as I will switch jobs and lose the company car.I don't want to spend several thousands just when stocks are low.The 2% interest on a new car is tempting me
kek op is a retardimagine everybody doing this and the used car pool shrinkingprices only going up now kekek
>>62799971My last car beat the stock market.I bought it for $17k, and sold it for $28k seven years later.I bought my current car new, so it will obviously lose some value, but the expense is worth it to me.
>>62795742Soon there wont be enough simps with money to save these roastie dregs
>>62797180>My 2007 Honda fit
>>62804299Millennial here. 2009 Honda Fit with 126k miles.
Buying used cars to save money is a myth. I'm 45 and have owned two cars, both bought new.1999 Subaru impreza (non-turbo)2014 Mazda 3Just buy normally aspirated Japanese 4 cylinder engines new, maintain them, and you'll get through life very cheaply. The first car was bought with a 48 month loan, second one I paid cash, so I haven't had a car payment since 2003. Between insurance, gas, maintenance, registration, etc. I pay like 1-2k per year.
not every decision is a financially driven choice. sometimes people just want something nice that they don't need to think about or have plans for when it goes wrong
