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/biz/ - Business & Finance

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13316738 No.13316738 [Reply] [Original]

whats the catch?
https://www.cnbc.com/2018/11/07/kevin-oleary-suze-orman-david-bach-dont-buy-a-new-car.html

>> No.13316743

>>13316738
Because it is a poor financial decision.

That said I understand that and don't care, I like cars, not everything has to be a fucking investment.

>> No.13316744

>>13316738
so fags like you think there's a catch and go out and buy a new car out of spite.

>> No.13316746

>>13316738
Perhaps they're pandering to the more conservative zoomers?

>> No.13316763

>>13316743
>>13316744
we bizfags already know its a horrible investment
but why would mainstream advice normies soo hard about this one arent they cahoots with the auto industry

>> No.13316772

>>13316743
It doesn't need to be. I financed a new car at 200 bucks a month for 6 years when I was younger. And I ended up having a 100% reliable car for those 6 years. After that I bought a used car for 4000 and its ended up costing me a lot in repairs.
If you finance a 50k car then most likely you're retarded

>> No.13316779

ok it make sense now these boomers invested in UBER and LYFT

>> No.13316982

>>13316772
It's purely a hobby for me, I bought a new Porsche and financed it, I knew it was something I'd lose money on but I didn't care. I dont even need a car, I drive for the sheer pleasure of it, and always wanted one.

Funnily enough Porsche's don't really lose that much value anyway. Car finance is usually a reasonable decision, you shouldn't put money into a depreciating asset, just make sure you want the damm thing.