/biz/ - Business & Finance

>>13504468
no down payment and large interest rate
most normfags live completely leveraged and a single paycheck away from complete destruction

normies would rather lease a more expensive car than do any kind of savings. they want instant gratification.

>>13504479
This desu most Americans go through life in an entire balancing act

>>13504468
they cant. Financing is dangerous

>>13504468

They can't. They borrow money for them and make minimum payments until a major unexpected expense comes or they lose their jobs. Shit like this is why recessions happen.

>>13504468
They don't. That shit is all leased.

>Imagine ''investing'' in a dick extension toy for social status or a attempt to get more pussy

>Imagine not buying a Toyota and taking the reliability redpill

>>13504479
True this; Fuck buying a new car. Soon as it leaves the lot, bam 30% of the value gone. Then you got your insurance payments,etc. No one saves anymore. It's like people who drink those $5+ starbucks coffees every day. 5 X 365 = 1825.00 a year right there. Think of all those T babies you could buy with that instead.

>>13504603
Especially in places with bad traffic. Your v8 sounds really cool when were all going 5mph bro

Imagine someone paying $1k/mo mortgage and the fed decides to raise interest rates +1% from 2%. He suddenly pays $1.5k/mo. That's why the stock market shit itself after a 0.25% raise in december.

>>13504603

>Imagine using the money Mr. Noseberg pays you to buy an extra shiny wage cage

Luxury cars are only for the most hopeless of wagecucks.

>>13504468
there is nothing wrong with financing or leasing if you can back up that money with assets, the problem is most people live paycheck to paycheck and it's their own fault

I just couldn't bring myself to get a Camry because I hate the design.

Instead got a used Kia Optima for 20k, 60% down payment

>>13504468
Credit

>>13504468
They cant afford it, they lease that shit until they kill themselves or bankrupt their families

>>13504704
> 20k KIA OPTIMA......

FUCKING REKT

>>13504704
>Instead got a used Kia Optima for 20k

>>13504648
Yeah cause fixed rate mortgages aren’t a thing

>>13504704
Toyota are shit, the only brand that is more shit is Mazda

>>13504700
Yeah lol, I've seen interest on cars at 2%. Fiat in the bank can earn more interest than that. You'd be stupid to buy it outright.

>>13504704
I really hope this is a larp. This would be up there with the stupidest shit I’ve seen on this board.

>>13504856
Why

just put in an order for my m240

>>13504648
Standard 30-year fixed rate mortgages have FIXED interest rates, yah nohouse brainlet. No one is stupid enough to buy on ARM.

>>13504468
not taking the Civic pill

>>13504468

Bought myself a 2008 Ford Exploder with 80,000 miles for $7k cash, fully loaded, 4x4, limited edition. Feeling comfy. Can't imagine trading 10 of them for a single meme car.

>>13504815
>>13504806
dunno what you guys are pissing yourselves about, I love my car

>>13504704
Nice car. I wish buy an used KIA Stinger in the future.

>>13504468

Cars are a funny thing because there's so many ways to look at it.

I enjoy pride in ownership and a good deal, so I buy used and usually end up anywhere between $500-$1500 / yr in maintenance. If you break that down it's like having a $160/mo car payment including insurance.

Some people want a new car every few years and don't want to deal with maintenance, in that case it makes more sense to lease. Some people want to buy a new car and keep it till the wheels fall off, in that case maybe a $70,000 car isn't so bad if you're making good money ($300k+ yr). Some people have no concept of financial responsibility and will let the dealership take them to the cleaners. They just love to finance the stupid. Other people have so much god damn money they just don't give a fuck.

>>13504977

I want to learn car mechanic skills that my dad didn't teach me so I fix my car when it breaks. The problem is I bought a Toyota so the only thing I've had a chance to do so far is change the air filter, change oil and rotate tires.

They can't really afford it.
But in this society appearance is everything so they prefer to mortgage everything.

>>13504468
Literally this is how the average zoomer's budget looks like:
Rent=50% of after tax salary
Student loan debt=33% of after tax salary
Entertainment and shiny new things=the rest
Retirement=none
Saving for a down payment to purchase a property=none

Zoomer's are so downtrodden they know they'll never be able to retire or live a better life than their parents. They're depressed and see no point. This is why so many are leaning blue and want to be taken care of by daddy government through forced sharing

>>13504468
jewish tier interest bearing loans, and minimal down payment.

>>13504852
>Yeah lol, I've seen interest on cars at 2%
most likely they tacked on that cumulative interest "savings" onto the price of the car then
>Fiat in the bank can earn more interest than that
fiat in the bank is retarded, all the risk of a bank run because of our fractional reserve banking scam and near zero reward
>You'd be stupid to buy it outright
if you finance you typically have to buy insurance on the car and sometimes you can't make certain modifications to the vehicle, because your loan is backed by your vehicle and failure to make payments results in confiscation of your mode of transportation

focus on the price, not the interest

>>13505173
fucking kekd

>>13504603
toyota has been getting bad lately man.

I don't get it really, luxury cars do nothing but are only slightly more comfortable. Maybe worth $100 more, not $20,000+ its crazy. Now I routinely dump $1k down the drain on stock options and shit coins but I still wouldn't buy a luxury car.

>>13504468
I have a 2016 M4 that I bought brand new. My first brand new car, ever. Don't come from money, family is all blue collar. I'm a computer engineer and make six figures in the midwest. I put about $15,000 down on it. Stick was ~$76k.

>>13505373

>>13505397
>spent his money on a car
>property he parks it on looks like nigger-tier shithole

this guy has his priorities straight anons. listen to him.

>>13505373
>>13505397

so you are in debt $50k. congrats.

>>13505373
What are you going to do when dotcom bubble collapses again?

>>13505431
>nigger-tier shithole
lolwut

Nigger I live in a 3500 sq ft house that was built in the 1800s and renovated as recently as 6 years ago.

>>13505464
I owe about $20k on a car that I can sell for probably $45k without much pain at all. I think I'm doing OK.

>>13505510
I have about $200k in crypto, not much debt, and I max out my 401k. I'll be fine.

>>13505373
>>13505397
Nice car man, I'm pretty jealous. I drive a 320si myself, only costed me 1 btc that I bought for 85euro back in the days, so basically it cost me 8k eur in unrealised gains (probably less since no taxes). Gasoline is a bitch though, I probably spend 50-100eur a week on fuel. Sounds amazing though. Lot's of fun for only 8k

>>13505373
>references his income using the job/per year model instead of the chad pullin(x)/month model

Never gonna make it.

>>13504468
pic related is basically my car, 2013 F30 328i with those aftermarket headlights which I installed myself and all black grille.
Bought used 2 years ago, $30K total which also gave me a 10 year warranty, I put about $11K down and paid the $19K loan off a few months ago. 40K miles on it when I bought it. It was totally cheap and manageable for me. About as expensive as a brand new Civic tbhq.
t. software engineer, $115K/yr

>>13504934
that is the shittiest goddamn interior ive seen in my life. Acura was doing better than that in 2007
.>>13505373
you are an absolute retard. M bmws lose their value incredibly quickly unless they are a rare and highly sought after model. i dont fucking understand why people like you choose to buy brand new off the fucking lot when theres SO MANY gems on craigslist or ebay for 25-50k

>>13505373
wtf is M4 there was a 3 and 6 what is 4

>>13504704
you bought it based on looks

stupid fuck doesnt realize depreciation

japan vs korea

fkn idiot

>>13505610
>choose to buy brand new off the fucking lot
I didn't buy anything off the lot. I ordered it exactly how I wanted, and I got it for $500 under invoice. It took me awhile to find that deal, but it worked out really well. Trust me, they tried to get me to buy one off the lot. I had to go to an out of state dealer.

>>13505634
The 4-series is basically the same as the old 3-series, it's just that the 3-series are now four-doors. So the M3 is a sedan, M4 is a coupe (very similar car) -- same engine, rear end, etc.

>>13504852
You still have to pay them the same amount of money along with interest. A person needing to finance a car won't have money for savings anyway.

I spend $30/mo on gas and own my vehicle outright feels good

meanwhile my boss just bought a sportscar for nearly $10K and has been complaining about how much gas it uses while talking about saving to retire

>>13504852
My car loan is 1.99% -- it's basically free money. I don't fully get why they even give out loans at that rate.

>>13505592
Thanks man :-). I had a 335i before this (N54) and I loved the shit out of that car.

I don't drive. Don't even have a license. Feels good to live a lifestyle where you can take the train each day. Americans have had their whole country designed to spread shit so far apart they have to get massive loans for some piece of shit that is designed to break and support an entirely separate industry of scammers, add in the big oil influence and it's fucking crazy. Read up on who sponsored the whole road infrastructure in the US and why they did it.

>>13504704

I drove a 2012 Elantra for 2 years. Great car, and I was paying $20 over the monthly loan payment every month to offset the interest. Then I was diagnosed with a (benign) brain tumor last May. Total resection ensued, and I have no neurological deficits. I was happy to be alive, and traded my car in for a 2015 Camry. payments are about $100 more a month, but I love my car. Sometimes I do regret trading the other one in though desu. Oh well, live and learn.

>>13506114
where did you finance it through?
i have 800 credit score and my rate was 4.95%
got my car at carmax

I make 100k. My wife makes 45k. We have a mk7 gti, f80 m3. We’re paying 1800 a month mortgage on our house. We have about 100k equity. We have a rental where we make about 700 a month passive. Basically, I bought my m3 for 47k. Traded in a paid off car worth 17k. Never buy new

We can save 1500-2500 a month after all bills are paid. Not everybody is poor, people have made money in real estate, or had inheritances. It’s not hard to live good especially in a place with a decent cost of living (central Florida)

>>13506211
t. europoor

If you don't drive a small cheap hatchback you're either a shitskin or have the mentality of a shitskin
Kys

>>13505188
Don't slander Jews again. You're lucky I don't make you apologize. Consider this a warning

>>13506596
Girl cars

Lots of anons here bmw pilled well done.

330 f30 m-sport 2016 here...

Im just jelly at murica car prices... cars are like 55% more expensive in EU....gas is like 2.5x price...just f you...

For toyota fags: stay jelly and bad taste jews not everyone is poor or not car guy.

Than again i acually agree if you strugling whit money you are retard if you buy expensive car for status

>>13507597

Oh and btw drived m2 comp for a day....

Had to slap myself hard to not sell 80% of my eth for it :)

>>13504846
t. bought btc at 20k

>>13504639
I mean I bought a new truck tacoma with crypto gains paid in full
I was looking at BMW and porsche but realized sports cars are the real meme
when it's warm out it still has the new car smell

>>13505558
so you lost 31k so far

>>13504468
Normies are credit slaves
The goodest goyim
Wage slave until death to buy shit you don't need to impress people you don't like
You do want to show off on your Instagram selfies and get your likes, don't you goy?

>>13504468
for 3 year lease its like 5-600 bucks a month for something like that

>>13505609

Why do betacucks drive cars with angry faces?

Im buying my cars on my business so i can get -20% down on VAT payment instantly (things used for business are exempted from VAT here)

Buy a 100k car
Pay 80k
Sell the same car in 2 years for 70k
Buy a new 100k car for 80k.
Rinse and repeat.

Doing it like that for 7 years and i have lost maybe 10-20k but i have a new model every 2 years as almost free replacement. (Not buying 100k car either, its just for an easy comparsion, i usually buy something for 50-60. pay 40-50 ans sell for 30-40

>>13508157
I just checked. I bought in 2016 new Audi a6 worth of 65k - Payed 52k. Sold in 2018 for 45k and bought a new BMW5 (OP pic related) for 60 - payed 48. So i have lost 3k in 2 years and have a new car model...

>>13504603
>mfw euro and cheap alfa romeo

>>13507645
Yeah I agree rwd sports cars are not for /biz/ soibois

>>13504468

Loans, mortgages and credits.

Pricey shit that u cant afford wont change ur status and most likely will make u even more poor ...

knowledge and education will make u rich.

>>13508188

https://piv.pivpiv.dk/

>>13504704
Have you seen the new Camry?

>>13504704
This might be bait.

>>13504934
This image gives me vertigo

>>13505214
>lately

naw their trucks are almost 50k brand new, for a fucking tacoma. They whole point of import is to be cheap. not to be a luxury car

>>13504639
I cant imagine buying a used car where somebody else has already farted in the drivers seat

>>13506458
>Make 100k
>Buy 130k worth of cars

Why are people like this?

>>13505558
he got it used

>>13506458
>he thinks central fl is "good"

>>13507597
A lot of people here are arabs

>>13509129
Literally meaningless excuse to overpay for your car, unless you're rich, buying a new car is a ball and chain.

I drove a 2001 Saturn Sedan from 2007 til last year, not because I had to but I had no reason to get rid of it since it refused to break down. People made fun of me for it, but it was worth having less stress.

Just smother the previous owners farts with your own farts and boogers.

>>13509129
I always do a steam cleaning and wet vac to satisfy my autism and make a used car mine.

>>13504603
I personally am planning on taking the Miata pill

>>13504639
>>13509129
>>13507645
Even if new cars were cheaper I wouldn't get the appeal. But they're really fucking expensive.
Why do people NEED a new car? I bought my NB miata for $2000, spent another $2500 tuning it including a turbo and for the past 2 years it's been so reliable not a single thing broke on the car. It got my through several thousand mile road trips without issue and with a big smile on my face, which most new cars can't since they're boring, underpowered econobox SUVs. Likewise my 2006 manual Mazda 3 that I got 3 years ago for $5000 had just one cooling issue that cost $300 to fix and then I had to replace light bulbs twice but other then that extremely reliable, good fuel economy AND it's fun.
Both cars after I got them I paid for a professional full interior and exterior cleanup that cost me $150 so you can't say that it's dirty because it's used. People who buy new are straight up retards, nothing to say else.

>>13509184
>>13509361
I bought a new car in 2017
I didnt pick the color or options or anything
I put something like 15k down and pay $200 a month for 5 years
Now its got 6k miles and no problems and no one other than me ever farted in the drivers seat
$200 a month is peanuts and 15k is no sweat off my balls

I love seeing normies try and resell their used bmws on kijiji for way higher than the price of a new car

>>13504900
Take the Matrix pill. Good ass engine.

t. Automotive Tech

>>13504704
>KIA
>20k
you should of bought bitcoin and a used honda civic

I found a 2005 Honda Odyssey on Craigslist with leather seats for like 5 grand. Good purchase?

Bought a used 2017 mustang gt convertible premium package for 28k last year.

Thing is just now selling for that price.

Software engineer with 4 online passive income generators. I make the minimum payments to boost my credit :)

>>13509211
Which gen?

>>13509414
Toronto detected

>>13509472
The engine is bullet proof. The tranny not so much or anything else.

>tfw ordered a new 911
>they barely depreciate

Imagine not being able to drive the greatest cars ever built. This will be my second new Porsche too...

>>13509518
996 isn't worth shit

I see used car lots filled with Audi's, BMW, Mercedes, and Lexus I guess they are all repossessed.

>>13509526
They're a 10-15 year old car. They will start appreciating soon.

>>13509489
NA because I'm poor and I'm a sucker for pop up head lights, and its probably one of the most obtainable cars with pop up lights right now as they are starting to disappear from the market now.

I didn't ask to take this boring modern block of soap pill

I have over $1.5 million and I don't own a car
It cost me $5 a week to take the bus to church witch is really the only place outside of walking distance I go

>>13509552
If you lived where I lived and you didn't have a car you'd starve the death.

>>13504852
>>13506099
>>13506114
Zero or low interest car loans are a scam
They just make you pay a higher sticker price

>>13509575
How far is the nearest grocery store?

>>13509211
IMO they're only good if you already have another car for doing regular shit. I'm 6'1" and basically had to convince myself that I fit in it during the test drive they gave me. The trunk is big enough for maybe two jugs of milk and that's it. It drove fine, but I don't see it as a car you'd go on a road trip with friends in.

>>13509548
Warning, I test drove one and it feels ancient.

>>13509602
I just asked my gf who was in car sales until a few months ago. She said that 0% apr wasn't a scam and it was usually offered as an alternative to rebates. So it's like marketing to get people in the door because they think they can get 0% AND rebates, but you can only pick one. It doesn't increase sticker price.

>>13509613
7 minute drive.

>>13504468
>tfw almost bought picrelated
at least they wanted only $30K for it instead of $70K

>>13509715
>It doesn't increase sticker price.
It increases the amount you pay so instead of buying a car for cash for 25k you are getting a interest free loan on 30k
>7 minute drive.
well it is probably a 10 minute walk or 3 minute bike ride here so I am good

>>13509719
You know that was just a meme right?

>>13509740
The OP, or the Lincoln?

>>13504704
You spent 20 thousand actual dollars on a Kia?

>>13509749
Lincoln

>>13509683
I drive a 1990 buick century.

I don't really care about luxuries

>>13509854
Then it might be an upgrade.

>>13509211
Based. The 2019 RF looks clean as fuck.

>>13509130
I don't know but it drives me crazy when these type of people claim that you can't get ahead because of "the man".

>>13510354
Yeah I'm not worried. I'm not super impressed with modern interiors myself. Yeah they look clean but there is too much going on that I'll never use. I love dated interiors.

I took the Scion xb pill. Cheap as fuck, low miles and a whole lot of room. Get a Scion tc if you don't need 4 doors.

>>13505173
This. My friends save zero for retirement. They are miserable enough as is and expect parent windfall to support them. Absolutely harem

>>13505373
Based.

Honestly, if you are 20s-early 30s and six figs, you can afford this. Wealth Gap is increasing and u'll be on the good side

I bought 428 all cash in 2016. BMW is a nice compromise