/biz/ - Business & Finance

>>53006950
Dave really is the archetypal boomer even down to his look. I’ve met countless 60+ husky bald guys with glasses and goatees. It’s uncanny.

Much cheaper than paying $800 per month with also full coverage payments of $220 don’t forget the warranty payment of $60 per month and then taxes and fees on top. Oh and new cars have problems too good luck getting your warranty to repair it. They are not your friends.

If you can’t figure out how to buy a quality cheap low mileage car and not get ripped off for it then you shouldn’t Be browsing biz and finance boards. This is not for you.

>>53006986
Go search for $5,000 cars and post results
>$800 payment
Why is it either a $5,000 car or a $40,000 car?
>insurance or $220
Mine is mike $120 and I live in an expensive state fir auto insurance
>warranty payment of $69/mo
Wut?
>taxes and fees on top
??? You mean an excise tax? You pay those on every car and the djfference might be a few hundred bucks

>>53006950
These fucking Dave Ramsey post crack me up everytime. Fucking boomer

>FILL THE TANK UP WITH THE GAS YOU GET FROM EATING BEANS AND RICE

>>53006950
only retards need work on their car every month regardless of how old. I've got a new grocery getter for the wife. but my pickup was born the same year I was, Get's a tune up once a year, and oil change every 5k miles with synthetic, 350/350 power plant, and starts everytime. paid $2600 for my truck and it's perfect in everyway.

>>53007664
Eat the ducks!

>>53006950
Challenge:

Name one thing Dave is wrong about other than credit cards being bad.

>>53007703
Buying a house with cash

>>53007703
Eating your own cum to not waste protein

>>53007711
He's okay with mortgages though. It's the only form of debt he considers acceptable.

>>53006950
I got a VW with 27k miles for just $3500, zero issues other than a flat for the past year driving 70 miles a day.

>>53007703
he advocates for 15yr terms over 30 to lower the total interest but lower monthly payments are superior

Housing prices have never been this high in all of recorded history there will be no price correction because there just won't ok? So what if a house is 10X your yearly salary the 100$ a month you save from eating rice and beans will cover that 500k house in only 5000 years! You're just a wuss if you think otherwise!

>>53007743
Are you trolling or just retarded? Why drown in interest?

>>53007703
credit cards aren't bad. you just got filtered.

>>53007797
You didn't read my post, you retard. I disagreed with Dave on credit cards.

>>53006950
>buy toyota for $4200
>repair one thing for no more than $200 every 2 years

>>53006950
Nothing wrong with taking on a loan for a car that makes you fuzzy and warm inside

>>53007770
inflation crushes the interest. Only reason to pay it off earlier than 30 years is if you find yourself with a lump sum significantly more than your remaining debt. You should be using your income to create more cashflow.

$600
>fix the coolant leak: $12 + 2 hrs
>new battery: $40
>new starter motor: $80 + 15 minutes
>clear codes - pass inspection, registration $325
>new stearing pump o-ring: $1 + 10 mins
>new timing belt & cam seal: $85 + 4 hrs
problems weren't for the next 3 years.

>>53007797
>>53007804
>I'm winning because I pay my balance every month
>nevermind the ubiquitous fees
>nevermind the lack of privacy
>I'm literally beating jews because I got a free plane ticket
Kys

>>53007703
He shills actively managed mutual funds with high expense ratios.

>>53007841

He also has a massive conflict of interest with his real estate holdings and constantly shilling that the market isn't in a bubble.

>own 15 year old accord
>Cost 2000 after until repairs to make it roadworthy 5 years ago
>In past two years only two things needed repair were power steering lines and alternator, few hundred each and can't remember the last repairs before that
But yeah dude, it's totally impossible to save money being a used car and living in your means. It's definitely not your fault youre poor because you brought a new car or decided to buy a used American or German car.

>>53007692
the ducks at the park are free

>>53007891
*Initial repairs not until

>>53007834
>new battery: $40

>>53007703
>Name one thing Dave is wrong about other than credit cards being bad.
Bitcoin, gold, and mutual funds

>>53007904
Mine cost me 120

>>53007703
Working at McDonald's for a year for "experience".

>>53007838
If you’re not getting 1-5% cash back on every purchase you’re just an idiot.

>>53007838
I've never paid a credit card fee in my life, retard.

>>53008042
You pay one every time you buy something, retard. We all do, retard.

>>53007703
Kicking your kids out on their 18th birthday
People being unmotivated to work because they’re pussies
Not giving an employee a COL raise
>>53007743
>paying more than 100% of the purchase price in interest over the life of the loan is superior to owning your house twice as fast
Uhhhh wut

>>53007838
>nvm the ubiquitous fees
Because there aren’t any you mouth breathing nigger

>>53008064
Wrong

>>53008120
Some places just add 1-3% on to the price of everything to make up for credit card processing fees. Everyone will pay these fees no matter how they pay but credit card users will get it refunded in the form of cash back.

>>53008137
Ok so you’re advocating for why we should use a credit card to absorb some of the markup up through cash back

>>53007758
Dave Ramsey is biased because he owns real estate. He keeps bring up supply and demand, but there is more to it. He is forgetting people wages aren't keeping up and more and more people are leaving this country.

>>53007743
>what is equity
also, the people i laugh at the hardest are retards who fall for the adjustable rate jew.

>>53007737
nice
I bought a 4x4 Silverado 1.5 years ago for $3k and it still runs good

>>53006950
Bought my 1994 Renault Twingo a year ago for 1000$, and I never even once needed anything done to repair it. Just because it's second hand doesn't mean it's bound to be a source of constant stress and issues. Mileage is 167,000km

I drive a $2k car and last major repair I made to it was the fuel pump I changed out myself about 3 years back. Other than that just preventative maintenance, oil changes, serpentine belt since it was getting old, changed filter and half the transmission fluid since it had never been done, stuff like that. You won't be cruising in style, but $5k can get you something plenty reliable if the previous owner took care of it. It's a meme that cheap cars break down every week.

>>53009151
imagine crashing into a real car with that thing

>>53007838
>>I'm winning because I pay my balance every month
true
>>nevermind the ubiquitous fees
there are none
>>nevermind the lack of privacy
do you exclusively use cash?
>>I'm literally beating jews because I got a free plane ticket
correct

>>53008022
the issue is i pay my rent via bank transfer
if i could pay rent via credit card, that would be great. as it is, i use a no-annual fee credit card and pay off my balance within a fortnight or two. i never hit the monthly threshold to qualify for the cash-back cards

>>53006950

my honda civic that I bought in 2019 for 7000 dollars had 55000 miles on it and was fine except for minor repairs until I sold it this november for 5500 dollars at 80,000 miles

>never paid more than £1400 for a car
>just sold one for £1100 after buying it for £600 in 2019
>only ever had to spend money on consumables (tyres, brakes, servicing materials)
>never broke down and everything has worked on all my vehicles

Imagine being so thick as to throw hundreds away on vehicle renting every month lmao

>>53006950
>NOOOOOO YOU CAN'T TELL ME TO LIVE WITHIN MY MEANS BOOMER!!!

>>53006950
i sold my car and bought BTC at 16k

$2000. Starts the first time, every time. Even in negative 6. Everything works. Never had to do any repairs. All anybody has to do is buy an old chevy. Your life immediately improves.

>>53007904
If you trade in the core from the old battery it can end up being about that much

>>53010125
I feel like obd1 cars and older are just a whole lot tougher and don't break down as much

>>53006950
I bought a 15k car seven years ago and can count the repairs I had to make on one hand. Keep being a low mobility incel chud.

>>53010125
This car costs 2000 dollars?

Modern cars are gay anyway.

>>53010145
A newer toyota highlander slammed into me, almost totaled their suv while there literally was not even a scratch on my truck you could not tell anything had even happened, that SUV was fucking destroyed lmao

>>53006950
I bought a 2007 Honda Fit at the start of 2020 for $6,400 with 59,000 miles on it. Learned car repair from roommate and have been able to do 95% of work myself or with him.

COSTS OF OWNERSHIP, SINCE 02/2020 PURCHASE:
>Shop repair & parts: $443
>Self repair & parts: $984
>Gear (roof rack, etc.): $380
>Cleaning: $158
>Insurance, Plates & Reg, etc.: $1,347
>Tolls, tickets, parking: $379
>Gas: $1,510
TOTAL: $5,201 ($149/month)

Barely drive it, and for the mostly just bike everywhere, including groceries, etc. via a large pack on my back. Have rain pants, coat, and wear a hat, for biking in the rain. Mostly only drive it to leave town, or if buying furniture. The $150/month is well worth it, to be able to go out into the mountains, or just get out of the city, as I wish. Women also are offput by carless men (kek). I also lived in it (by choice), for 3 months in Denver, and surrounding national/state forests, and have moved cross country with it full of boxes, multiple times. I tend to become aloof and feel the need to flee cities, often, but with a hatchback + $30/month storage shed, I know I always have a place, no matter the situation.

>>53010164
Yes that is what I paid 1995 Z71 K1500 Silverado

https://www.youtube.com/watch?v=IswbdmpjbnU&t=175s

>>53010176
My dad has an old ford explorer and the insurance company totaled the car after drunk driver slammed into it even though it was perfectly fine lmao. Apparently the cost of repair would be a lot more than the car is worth so they just gave my dad a cheque for $10k hush money and he got to keep the car. He wasnt even driving too and it was just parked on the side of the road lmao

>>53010179
Could've bought a 1998 civic with 250k miles and paid $0 in repairs in those last 2 years, valve cover gasket at most.

>>53010221
Ford repairs are genuinely fucking bullshit. When working on a Ford you cannot help but hope that the engineers that committed such transgressions against the American people are burning in hell. Buy an old Chevy.

>>53010241
It's a 1998 Ford Explorer XL with a v6 and it is a fucking tank. He just changes the oil and it is still running really fucking well. The insurance on it is less than $50 CAD a month lmao

>>53010259
Those v6 were good, but you will notice when working on it that thet have intentionallu made many things retarded

>>53010268
I think after the accident he only had to replace the front left wheel hub and it was pretty easy to fix by himself. The only engine problem he has had was a faulty thermostat but that happens with most old cars

>>53010227
Most of self work, besides just usual maintenance, was replacing out rusty parts, from salty wisconsin car winter hellhole, mostly brake parts. Also had to replace the oil pan, as I poked in a hole in it on a washed out forest road I should not have driven on. Having now learned repair, I'll likely buy higher millage car, next time, though.

she aint pretty, but you can find 2008-2010 pontiac vibes for $2,000 - $4,000. They're really just rebadged toyota corollas so you get toyota reliability without paying a premium for it. I bought one as my first car, paid $2,500 cash for it with 181,000 miles and put another 60,000 on it until some dickhead rear ended me and it got totaled, never had any issues with it.

>>53006950
bought a VW 2003 passat for £480, 2 years ago and have had no problems apart from battery/ tyres/brake pads which are standard anyway

>>53006950

He's a moron.

>Buy a $5k car with no warranty and spend $2k a year fixing it.

Or,

>Buy a new car for $24k and get free repairs and oil changes for 10 years.

>>53010660
add insurance increase

>>53010660

You're paying way more than $2k a year in depreciation on that new car.

>>53010665

So? If you total your $5k car, you're not getting shit for it. At least if your new car gets totalled, you'll get back enough money to put down a significant amount for a new car.

In any case, the only people arguing over used vs. new cars are probably broke anyways. Nobody with money cares.

>>53010125
In what year did this cost $2000?

>>53010715

>Way more than $2k a year in depreciation

Find me a used 2017 Toyota Corolla for $12k. I'll wait.

>>53009151
>1994
>167,000km
and you believe that km is real?

>>53006950
I am amazed that how many people follow him, even from in my circle of friends...

>>53006950
Why do you have to repair it every month? I bought a Mazda 6 at auction for 1200 and it's ran fine for nearly a year

>>53010762

A guy at work was telling me about him and I was like, hold on let me sum up his views.

- Don't go into debt
- No credit cards
- Rice and beans
- 60/40 portfolio, all mutual funds (btw anyone with this portfolio got destroyed this year, goodluck if you were in retirement)

He was like, ya that pretty much sums it up.

Dave Ramsy is a broken record. And he's an asshole. He's condescending to almost everyone that calls in, and he made fun of Peter's Schiffs dead father.

>>53010745

There are plenty around $12k although they're higher mileage (100k+). Of course the reason Corollas, Covics, etc. hold their value so well is they're super reliable and people can put hundreds of thousands of miles on them.

Most cars are going to depreciate faster. And you're also not going to be putting $2k a year of repairs into an older car either. I drive a 20 year old car and on average I've probably dumped $100-200 a year into routine maintenance and repairs since I've owned it. That includes tires, oil changes, etc. It does help a lot being able to do your own repairs. Investing a couple hundred bucks in a jack, jack stands, socket set, etc. pays for itself. Get oil on sale, Pennzoil was doing s rebate earlier this year and I got four 5 qt containers of fill synthetic for like $11/ea.

>>53010863

I agree. But, like pic related, you picked the lowest model that's been in an accident, had 3 owners with 70k miles on it. If you pay $14k for that, you're crazy.

>>53010863

That's a crashed vehicle, try again.

>>53010914

I drive a vehicle that's been in an accident lmao. Doesn't automatically mean it's junk, although yeah you would want to figure researched exactly what happened and the extent of the repairs before considering purchasing it.

>>53010805
>btw anyone with this portfolio got destroyed this year, goodluck if you were in retirement

If you have a significant amount of retirement savings it really doesn't matter. Say you had $2m in a 401k at the start of 2022 and now it's down to $1.5m. You withdrawal $100k a year in income to love on. The point of keeping it in the narket is its high annual rate of growth (10%+ per year). Over the long run your retirement is still growing faster than you can withdrawal from it allowing you to live on the capital gains and not have to touch the principal.

If you have it in less aggressive investments that are only averaging a 3% return, but you're withdrawing 5% to live on, this is now unsustainable and there could come a time where you run out.

>>53006950
>Implying ne cars don't need repair.
>Implying you're not paying more on new car insurance more than on old car repairs anyways.
>Implying new cars are built better than old cars.
>Implying implications

I used to drive a shit box but it becomes untenable if you have a lot of responsibilities
>Sorry I'm late again Mr shekelberg my car broke down
>Sorry officer I'll get my inspection sticker soon, I can't right now because my check engine light is on for some inconsequential emissions problem
>No I can't make it to this family function this weekend I need to spend all day working on my car

>>53010863
That car has been passed around like a whore and crashed. 3 owners in 5 years? GTFO
>Dude just buy a used Honda or Toyota they run forever dude who cares if every normie thinks the same thing and push the prices up to insane levels

>>53011109

It was the other anon who had a hard on for the Corolla. I agree with you that they are overpriced because of their reputation. They're good cars too, but you can find something that won't break down on you all the time for less money.

Just buy a 1000 dollar car and drive until it breaks, scrap it for 200 and buy another one repeat. You can generally drive a car like that anywhere between 3 to 6 months with no maintenance needed.

>1996 EF falcon
>300,000 odd ks
>only had to do normal maintenance, runs like a dream and does everything I need it to, bought it for 2.5k like 7 years ago

>>53010994
>Say you had $2m in a 401k at the start of 2022
Lmfao

>>53011210
>It was the other anon who had a hard on for the Corolla.
He made 1 post about it as an example you absolute retard.

>>53009656
Lmfao

nobody, and I mean absolutely nobody who isn't a broke loser faggot drives a shitbox that can randomly stall at any moment. Imagine having to be at a meeting and your shitbox decides to stall. Yeah, you little monkeys working at amazon and burgerking should stick with your 5k shitboxes, but if you make over 40k a year and don't drive a vehicle with a warranty you're an actual clown.

>>53010731
>No answer

>>53011340
/thread

>>53011340

A warranty doesn't prevent a vehicle from breaking down lmao.

>>53011424
Seething faggot. Just because you can't even afford a shitbox doesn't mean we all have to stoop down to your pathetic level.

$12 bottle of K-Seal fixed a leaking coolant block problem on my 06 Civic, been fixed for years now where it used to dribble out coolant until there was nothing left and the car would overheat.

>>53011424

odds for a 2020 15k mile vehicle to randomly stall compared to a 2009 vehicle with 150k miles?

run the numbers for me and let me know the statistical (in)significance for each scenario

>>53011431

I make like $130k and drive a $2k car lel. Although my job does provide a work vehicle and fuel card, so I don't have to rely on my personal vehicle for work. I probably would drive something newer if that were the case.

>>53011424
>>53011459

furthermore, the issue with older cars is that parts have a lifetime. Unless you're preventatively changing EVERYTHING (Including things that still work), you're going to eventually stall. (also factor in time + parts for all that preventative maintenance).

You can buy a 1 year old used car with 10k miles and skip the -20% new car depreciation tax. Keeps the warranty and all parts are guaranteed for at least 60k miles, which is 4-5 years of stress free and reliable driving.

>>53011469
>$130k
Lmfao, broke as fuck.

>>53011459

Of course. The sweet spot is always going to be somewhere in the middle. Brand new or less than a couple year old vehicles still tend to depreciate really fast (the supply chain issues during COVID are an outlier). Something closer to 5-7 years old would be the best bang for your buck.

>>53011340
Why would my shitbox "randomly stall"? Why wouldn't your new shitbox "randomly stall"?

>>53006950
Bought an 04 crv with 140k on it for 1500, alls I've done is change the oil headlights and tires get fucked

>>53011583

https://ricksfreeautorepairadvice.com/what-causes-car-stalling/

https://mechanicalboost.com/engine-stalling/

I don't drive a shitbox so I don't have to spend my Christmas googling and reading articles about possible reasons for my car to stall (:

>>53011459
Depends on make/model obviously. Odds are most 2020 cars (outside of a few manufacturers and certain models) are much more unreliable than their 2009 counterparts.

More complexity in newer automobiles for greater fuel efficiency, lower emissions, etc. leads to more points of failure. We truly won't know how reliable the modern crop of 2020+ automobiles are until 2030 or 2040. Beyond that, most states have laws that prevent you from re-registering your car with a check engine light on, so have fun spending 1000s to chase down a phantom emissions problem on your 2020 "eco-friendly" machine just so you can pass inspection.

>tl;dr
>you're retarded if you're spending more than 5% of your net worth on an automobile
>you're even more retarded if you think modern cars are more reliable

>>53011611
Don't know what to tell you, maybe don't buy unreliable cars? I can tell you're a seething wrenchlet. Never had any of my shitboxes stall before because I take proper care of my belongings.

>>53011674
Lmfao exactly, that dude has never turned a wrench in his life and it shows. Ngmi

>>53011674

>I can tell you're a seething wrenchlet

why would I work on my car? Why would I mow my own lawn? Why would I try to be a plumber or electrician?

Like I said, if you're a broke faggot who doesn't make that much money ITS OKAY. You can save nickels and dimes "wrenching" on your car, but thankfully I'm far past that point in my life. I much rather spend my weekend doing something I enjoy than sifting through a 500-page manual with trying to diagnose 20 year old electrical gremlins. I made money to NOT have to live like a brown 3rd worlder

the status, attention, reliability, and comforts of a modern car far outweigh the "Wrenching" savings for me

>>53011634
>More complexity in newer automobiles for greater fuel efficiency, lower emissions, etc. leads to more points of failure
Complexity isn't the killer, direct injected turbocharged DOHC w/ VVTL engines have been around for a while now and you can definitely make those very reliable if you want to. What actually kills cars is value engineering, parts are aggressively pared down to their bare minimum essentials so they're just good enough to last the simulated acceptable lifetime to save costs in initial assembly and make more money through aftermarket spare parts sales.
>Beyond that, most states have laws that prevent you from re-registering your car with a check engine light on, so have fun spending 1000s to chase down a phantom emissions problem on your 2020 "eco-friendly" machine just so you can pass inspection
If there's one thing modern cars are good at, it's self-diagnostics. OBDII based troubleshooting is a shitty useless meme, but if you have proper access to the car's systems (ISTA+ fucking rules) then you can literally just press a button and have the little wizard living inside the hard drive figure everything out for you.

>>53006967
Goatee = weak chin. Everytime. No one with a strong jaw grows a goatee.

>>53006986
>>53007703
>>53007737
>>53009099
>>53009191
>>53009760
>>53010125
>>53010179
>>53010227
>>53010259
>>53010515
>>53010863
>>53011432
>>53011459
>>53011598
>>53011611
>>53011634
>>53011674
I too love crawling around in the dark on frozen pavement trying to figure out why my shitbox with 180k miles won't start. Post currently available <$5k autos ITT. The used auto market is currently rekt.

>>53011735
Why wouldn't you want something done properly? It's pretty hard for Paco the beaner to fuck up mowing your lawn, but there are a lot of retards who can't wrench who are mechanics. It's not very time consuming, and really if all you're concerned about is your engine "stalling" then get the oil changed twice a year/every 6000 miles. In my experience, people who complain about cars being unreliable don't actually maintain their cars well.

>>53011767
Ah yes, spending hours of my life to diagnose the problem, go to the parts store, wrench, go back to the parts store, wrench some more, just to have some other shit break next month. What exactly are Opportunity Costs again?

>>53011800
Headcanon

>>53011767
Sure nothing lasts forever, but all wear items and electronics in modern day automobiles are notoriously worse in comparison straight off the assembly line - whether that's due to design, poor QA in China, or whatever else I don't know but it's empirically true. Factor that in with increased complexity in the overall system itself, and you have a poor argument that it's worth spending 30k-40k+ on a car above something as equally or more reliable for 5k-8k or less.

OBDII is great for troubleshooting, I agree, but it's not as you describe. I have never used ISTA+ on a BMW, but in my experience, you still need to know quite a bit about diagnostics even with an professional scan tool (if you're not trying to be a parts changer). Even so, I drive a '99 that has OBDII - you'd need to drive a nearly 30 year old car to even go back to a OBDI system. More modern cars just have more le ebin senzors for OBDII purposes, which again, are more potential points of failure.

>>53010125
If that actually is your Chevy I’m almost positive you’re local to me in upstate NY. If so I’d say local price for that OBS is $6k+ it’s clean as hell

>>53011773
>thinking 180k miles is a lot for a well built automobile

Go buy a Ford panther platform car with 120k miles or less for 3-4 grand and drive it for another 130k miles with minimal maintenance.

>>53010125
Based frame in one peice enjoyer. Enjoy it while it lasts.

in my day, $5k used to get you a decent car
what happened? not enough firm handshakes?

>>53007703
is he even jewish? I only listen to jews for financial advice

>>53010761
1994 is when this model got released for the first time retard not when the car first went into circulation

>>53010125
comfy
i drive an old tacoma
same experience

>>53007193
Dunno where you live but 5000 will get you a pretty solid shitbox in Europe. I'm sure you can find an old Corolla or something that can serve for the next 5+ years without heavy maintenance

>>53011887
Im in KY

>>53007703
Deliver Pizza part time for an extra $2000 a month income.

>>53010805
Summed it up perfectly. Same canned, one size fits all responses to the unique and varied financial situations of the callers. He is also rude, patronizing, and condescending. I used to listen just because I could sympathize with some of the callers, but the host is unbearable.

>>53006950
Bought car $2500 last Nov. New tires, 4 rotors, 1 caliper, 4 sets pads, welded exhaust, belt, fog lamp, headlights, both front wheel bearings replaced, drove 22k miles over the last year.. All in costs about $4500. Time for timing belt now. Might pick up some 2nd hand snow tires. Still has a cracked windshield. $4500 / 13 = <350 a month. Am I winning? If it lasts another year and 20k, considering $1400 for timing belt etc puts me at $6000/24 = $250 a month. I could then sell for $1500 to $2k.

>>53012464
Learn how to wrench and do that shit yourself, you'll save a ton of money and be confident that it was done properly

>>53012477
I did the breaks, belt, and bulbs myself. Didnt want to deal with wheel bearings but could do myself if I had the time. I would buy a slide hammer and harbor freight style press kit. I got kinda hosed on the exhaust and wheel bearings but I commute a lot and needed it done.

I bought a 2009 Honda Fit for $7650 in late 2018. I put $2000 into it straight away to get it up to my standards. It has served me well these past 4 years with very cheap maintenance. That said I did all the work. This year I put 4 tires on it. Next year I'm going to change the front brakes and bleed / lube the rest. I think I can easily get another 4 years out of it given I don't drive much.

>>53010731
>>53011346
I bought it in 2020 for 2 grand

The housing market cannot crash. It cannot. The entire financial system is predicated and thrives on the assumption that housing prices will always go up. If firms don't want housing prices to crash (they don't) they'll will it into existence themselves when they buy up housing stock.

>>53006950
>born rich boomer
>filed for bankruptcy
>lives in a $10M mansion
>flies private jets
>collection of luxury cars
>gives his leech kids fake jobs, tells prole callers to get demoralizing 2nd and 3rd jobs
>shabbos goy tells the rubes to make sure they pay off every single cent they owe the (((banks)))
only in America is this transparent con artist propped up as a guru and not the parasite piece of shit he obviously is

>>53006950
Nothing made me more depressed and stressed out than driving a shit box. They are soul crushing even before factoring in the maintenance. Nobody older than college age should be driving a used piece of shit. When you drive a shitty car it makes you FEEL poor and lesser than. I’m not saying go lease a new Benz but there is literally nothing wrong with leasing a new car for $0 down and $300-600 a month.

>>53007838
If I get a free plane ticket from a card that costs 250$ a year and the ticket cost 700-800$, then I cancel the card, how is that not a good thing?

>>53008096
He tells people to lock their kids out while he makes his own kids and son in laws millionaires with fake jobs on his payroll

>>53007834
>treated like a sketchy creepy meth addict whenever you drive
priceless

>>53006950
given that the topic of this thread changed...
when will the fucking use car bubble explode?

>>53015581
Sounds like you have a big ego

>>53015687
>when will the fucking use car bubble explode?
It won't, Obama fucked it with his retarded cash4clunkers scam and COVID fucked it more

>>53006986
Nobody is paying $800 a month for a new car lol. I drive a Tesla with 0 down and it's $550.

>>53007703
He makes great advice for people who don't know how money works. He is retarded on homes, cars, debt, and pretty much everything else for those that do know how money works.

>>53015723
I’ve been on both sides. I’m not being a douche or an insecure faggot. Driving a shit box past college is for plebs, period. No grown ass man should be driving a shitty car. It just tells everyone you’re a poor retard with shitty credit. Nobody rich drives a beater, spare me your boomer old money anecdotes. You look sketchy and weird and low iq. I literally can’t fathom ever worrying about maintenance, a tow, a rental car, new tires, or breaking down anywhere for random shit. That shit is for the birds man

>>53015776
Used Tesla? $550 seems cheap

>>53015756
bs, cars got more expensive during the pandemic due to production chain issues

>>53015809
Nice memes! Sounds to me like you should go back to plebbit where you belong.

You were born with everything you need to eat and forcefully reproduce . Why bother with a car?

>>53015854
Imagine rationalizing driving a beater and thinking you’re convincing anyone it’s a modest and sensible decision. Everyone knows why you’re drive a shitty car — because you’re low stock, poor, likely failed out of college, likely have shitty credit, likely work a deadend job if you’re even employed. In other words, before you even open your mouth, your shitty car confirms to the world you’re a low-status loser. It sucks but why lie. I’ve been that loser and I think it’s hard to break out of that cycle driving around in a depressing busted car all day. You can pick up a cheap new car lease for a few hundred bucks a month. It’ll change your entire vibe

>>53015914
I have driven a new car (bought it outright in cash), and some nigger fucking crashed into me and destroyed it, so I used the insurance payout to invest in crypto and used the remaining $4k to buy a shitbox. Imagine actually caring about what normalfags think about you.

>>53015947
It’s not normal fags. It’s everyone. It’s also not having to worry about shit maintenance-wise, randomly breaking down, a tow, a rental car, period.

>>53006950
>be late to work and get an incident report because (surprise) the 100k mile corolla you bought has a dead starter one morning

>>53015990
also
>Get into a relatively minor accident and the airbags don’t go off because they were never replaced and you were sold an 8th owner piece of shit with a washed title
>Die
Thanks Dave!

>>53015969
>>It’s not normal fags. It’s everyone
>not being a schizoid who doesn't care about anyone else's opinions

Also, if you look at my earlier posts in this thread, you can understand why maintenance isn't a big deal. Ive never had reliability problems on any of my cars, old or new. But then again I'm smart enough to inspect shit before buying.

i live in a city, the furthest i have to go for anything is like 4km

>>53015901
Because this is America, hoss. And were competitive. You want to live like a low-ambition loser, go live in a trailer park and drive your rust bucket. Winners look and act the part

>>53016020
I never had anything catastrophic or being stranded when I drove used but I just don’t want that RISK or ever deal with anything. Brakes, tires, windshield wipers. Fuck all of it. A new car has zero issues or concerns in that regard. And any warranty shit is a free tow and a free loaner. It’s just carefree in addition to driving a cozy and clean new car that gives you a clean slate with strangers, colleagues, women, potential clients

>>53016050
>brakes, tires
Need to be replaced every 30-60k miles, provided you don't drive an EV/hybrid. Which tells me that you continually lease and don't even own a car given that you don't want to "worry" about replacing these common wear items
>wipers
Should be replaced every 2 years or so, see above
>driving a cozy and clean new car
Age of the car has nothing to do with how clean it is. If you treat it like a dump and don't take care of it, it'll be nasty even if it's brand new.
>that gives you a clean slate with strangers
Imagine caring what strangers think
>colleagues
Imagine having colleagues who think less of you for not driving a brand new car
>women
Who gives a shit what foids think
>potential clients
Imagine working a job in which you actually have to interact with clients

>>53007703
He gives terrible investment advice. He shills actively managed funds.

>>53015595
Because you’re poor enough to care about something so insignificant? Wow a “free” plane ticket. Disregard all the cc swipes for hotel, food, drink, entertainment, parking, rental car, shopping, etc.

>>53006950
im more financially astute than Dave, hes a irresponsible wasteful spender imo

>>53011424
New cars don’t randomly leave you stranded. And if they do, you get a free tow and a free loaner. You could even ask the dealer to bring you the loaner because it’s urgent. I’m off on a new loaner while your dumbass is still stranded waiting for deondre at aaa then paying to Uber to work until it’s fixed

This man literally tells you a step by step plan to become a millionaire and people will still poo-poo his advice while they have a negative networth

>>53016597
Step 1: be born rich like he was

>>53006950
I own a $4000 car that I bought in cash. Replaced rear lower control arm and radiator myself right after I got it 18 months ago, and nothing has broken since then, all I've done is oil+filter every 3k, cabin air filter once, and replaced 1 tire after a nail.

>>53016597
He makes his money giving (bad/basic) financial advice, and uses that money to invest in real estate.
When he tried to make it solely in real estate (which he had connections in because his parents were developers) he went bankrupt in a few years. They guy is only rich because he says what boomers want to hear and they pay him for those “comforting” words. Same way talk radio hosts make money.

>>53016634
Do you have a college degree? Own a home or rent? How much do you make a year? Married, engaged, single?

>>53016640

He went bankrupt because he was in debt and leveraged up to his eyeballs lol. Banks called his loans due to changes in financial regulations and a tightening of credit, and he couldn't pay them back.

Goes a long way to explain why the guy is so against debt.

>>53016411

Again, you're typically paying thousands of dollars a year just in the depreciation on that new car. Meanwhile my old ass car averages me a couple hundred dollars a year in maintenance, and insurance and property taxes are also dirt cheap too. Financially new cars are just a lot more costly. If someone has a high enough net worth where they can pay for it in cash and eat the depreciation, more power to them. But if you're having to borrow money just for the privilege of losing $4k as soon as you drive the car off the lot, that's just a really shitty financial decision.

>>53016647
Fuck no I didn't waste money on a college degree. Rent, for privacy (don't want name + address being public record) and mobility (cumulatively, I can attribute over $100k in raises to cross-country moves). Last 3 years were all $240k+ W2, working in big tech. NW closer to 7 digits than 5, but sadly a lot of unrealized cap gains I'll still need to pay taxes on at some point. Will hit 1m net worth before 30.

Single and never going anywhere fucking near a woman outside of strictly professional context. I'm straight, but my right hand is 85% of the benefits of a woman with 0% of the costs, 0% of the stress, 0% of the waste, and 0% of the risk.

>>53016724
I should also add - no inheritance or sizeable gifts / loans from family. I was gifted a $2000 beater with 300k miles on it from parents when I got my license, and there is a few thousand in a 529 in my name, but college is a waste of time and money. You can learn everything online for free, with instantaneous 24/7 access to all of it from pretty much anywhere remotely near civilization. That anyone would get tens/hundreds of thousands in debt to be indoctrinated by postmodern marxists with a side of free information is unfathomably bizarre to me.

>>53006950
I bought my brother in law's corvette when he passed away for 2500 bux. Thanks to a certain uncle who hoardes in my grandmothers garage I have any tool one could possibly need that allowed me to fix a leak that look really bad but I was able to fix for 200 bux. I went and bought a 300 dollar leather jacket and when I would get compliments on it at bars from chicks I would tell them I put more money in this jacket than into the corvette Im taking you home in tonight. worked twice so far.

>>53007838
privacy is maybe the only legitimate concern, but you’re a hypocrite unless you exclusively use cash

>>53007193
>Mine is mike $120 and I live in an expensive state fir auto insurance
Okay i live in detroit (the most expensive place auto insurance) and unironically pay $370/mo for it. This is pretty normal. I have PA and nurse friends that all pay the $300-$400/mo range despite never having traffic violations. Such is the cost of living in a city with billions of debt and households with an average income of $20k to cover it.

>>53007730
Anon, I...

https://louisville.craigslist.org/cto/d/louisville-85-toyota-corolla/7569339577.html

https://louisville.craigslist.org/cto/d/eminence-2003-mercury-grand-marquis/7567563410.html

Kentucky is always decades behind even adjacen states, people still use landline telephones here.

>>53011735
On one hand I agree that the luxuries in some more modern vehicles are nice, just because it's new really doesn't mean shit about reliability. A lot of car production is farmed out to Mexico now (Ford and VW come to mind specifically) and it really shows when you start looking at the assembly quality. They're kinda shitty and start making random interior noises after the car's broken in. I've owned a pretty random series of cars for 20 years and so far, my 2021 "modern car" only wins because of Android Auto, which I've added to my 2002 truck with an aftermarket radio. People do love my newer vehicle for nostalgia reasons, but at the end of the day I'm paying $700/mo for Android Auto. It's still just a car.

>>53007313
dont spend more than you earn. simple as.

>>53018733
These cars are based as fuck. Mine needed a few repairs over the 6 years I had it (AC, wiring harness, intake manifold crack) but it never even came close to leaving me stranded. I even drove it into a ditch during a snowstorm and ended up driving it home

>>53012065
>he thinks the jews give the goyim the same advice as each other, and not lead them down the Choschen Hamm 388,15 path of usurous ruin
lol

>>53006967
He just needs to rock them Oakley shades on the back of his neck

>>53007770
my interest is 3.125% on a 30yr
what's inflation at, again?

>>53006950
I drive a shitbox I bought for 2.5k and over the 8 years I've owned it it's never quit on me. I've spent maybe 5k over that time maintaining it, now that I do work on it myself the cost of any repair is basically halved. I am not a boomer I am a zoomer and I make just under 6 figures, all my friends who make less money then me at their gay retard jobs went and leased brand new cars. I calculated the lease on one of them and it's more in a single year then I paid for my car. It's the most faggy shit I've ever seen and I want to bitch slap each of them and fuck their girlfriends over it. They own nothing and they are happy, they will work until they die, they will never retire. They have chains too, they want to be niggers so bad because they're waspy white kids and they think being financially retarded is cool and hip yo, fuck them. Now I'm supposed to pay their student loans with my taxes...

>see reasonably priced car online
>$2k in dealership fees

>>53015581
>>53015809
>>53015914
>>53015969

so what type of car would you suggest for someone who is right after college, is driving a shitbox, makes decent money but not a lot and feels like you describe? i'm from europe btw. was looking at mercedes benz class a or audi a4 but they're too expensive even used (around 20k euros), i can afford up to 10k euros with cash.

>>53021057
Some Renault or Peugeot garbage?

White men will boast about how cheap they made their shitbox keep running and it’s basically the only thing they got going for themselves
Everyone could in theory order a toolbox on Amazon and watch a 30 min YouTube video

Your life must be sad to brag about doing boring sensible stuff
You can brag about having a big family if anyone had one

>>53010088
Beans and rice two times a day

>>53007675
based old truck maintainer

>>53021057
American young professional bro with a college degree and/or solid full-time blue collar career: Tesla Model 3, Jeep Wrangler or lease a base spec new 1500-series pickup truck

>>53006950
Even if I had to repair my beater every month (which I don't), how is this any different than paying half a grand payments every month? Between my insurance and tank of gas for my car, I might be pushing $200 CAD per month. This is my total, regular car expense. The only mandatory shit I had to replace to keep it running were the power steering pump, alternator, spark plugs, and the rear brake lines, all of which was cheap to purchase, and I installed myself, and this is over a 5+ year period. I paid $3000 initially for my car, it's a 2005 model.

>>53021301
what is this dogshit advice?
>>53021057
get a honda or toyota, inspect it before purchasing it. done

>>53016155
those things always underperform the s&p index and they cost 50x as much
they default you to those in your 401k for a reason

>>53006950
I have never had to repair my corolla

>>53007834
Based. Nice work anon.

>>53020967
Those fees are bullshit haggling tools.

>>53020321
You know he does when he’s on vacation in a Tommy Bahama shirt.

>>53007841
I don't really see the problem with these.

>get sick
>i don't know how to fix this, go to doctor
>toilet breaks
>i don't know how to fix this, get plumber
>get sued or arrested
>i don't know how to fix this, get lawyer
>house catches fire
>i don't know how to fix this, get fireman
>open investment account with 30 year timeline
>"yeah bro I got this super easy just hold my beer"

>>53006950
A $5000 Toyota will need almost no repairs.

>>53007664
lol

>>53007834
a new battery is atleast 80 dollars you dolt.

>>53022186
/biz/ - business & finance