/biz/ - Business & Finance

[Anonymous No.52634548]

>"depreciating asset"
>you can go anywhere
>allows you to live in a cheaper area
>you can just sell it if you need the money
>always a market for it, sells fast


maybe it didn't make sense in the scorching hot golden bull run where you could literally throw money at anything and make a return but an expensive car doesn't seem like that bad of a buy these days

[Anonymous No.52634581]

>>52634548
car prices keep going up because of the fucked supply situation where you have to wait 6 months to a year for a new car, you could be buying the "top" just like with housing. not to mention gas and maintenance prices

all in all cars aren't for poorfags, as simple as that

[Anonymous No.52634587]

>>52634548
>"depreciating asset"
yes, it is.
>you can go anywhere
provided it's a well-maintained, paved surface and you have the licensing, registration, inspection, insurance, and permission to do so.
>allows you to live in a cheaper area
at the expense of commuting time. typically a poorfag delusion.
>you can just sell it if you need the money
true, but it's a depreciating asset. if it somehow appreciates you pay capital gains because it's a capital asset.
>always a market for it, sells fast
true for shitboxes. less true for fancy or exotic cars.

[Anonymous No.52634741]

>>52634548
cars might become an appreciating asset now under global eat the bugs and own nothing communism. places like europe and california are making laws and talking about completely banning gas cars within a decade. imagine the auto market in cuba but globally

[Anonymous No.52634898]

>>52634581
I know someone who has been waiting longer than a year for a small electric car.

[Anonymous No.52634995]

>>52634548
A car is okay to own if you need one as long as it's a cheap vehicle. Owning pic related is unironically nightmare fuel.

[Anonymous No.52635020]

>>52634581
Except housing will always come back long term, your car depreciates with every single year that goes by. Our house we bought in 2010 that was built in 1970 tripled in price when we sold in 2022 despite it being 10 years older.

A car that's even 5 years older will lose more value than you'll gain.

[Anonymous No.52635062]

>>52635020
How can housing only go up if demand in developed nations only goes down ? Nigger take. Even importing an entire army of Ngubus doesn't guarantee there is going to be more demand because those Ngubus are broke and/or want to live in communal housing. It also reduces demand in the third world (where credit is also usually expensive).

[Jealous No.52635067]

Did they fuck up my laundry?

[Anonymous No.52635194]

>>52635062
The fuck are you talking about? Real estate is arguably the safest possible investment you can make and has only gone up long term.

Demand for housing isn't going down long term, people need a place to live.

[Anonymous No.52635252]

>>52634548
Expensive cars have always been maintenance black holes and it became a lot worse in the last two decades, before that it usually was just electronic gremlins after that the entire drivetrain became extremely expensive unreliable shitfests
Just look at how well luxury cars hold value

[Anonymous No.52635299]

>>52634548
Insurance, gas and repairs will eat 20% of your pay and you get to share ether road with increasingly retarded immigrants, women and senile boomers who drive slow in the passing lane. only worth it if where you work is an unwalkable suburban wasteland.

[Anonymous No.52636360]

>>52634548
forgot the most important point
>makes the poors seethe

[Anonymous No.52636378]

>>52634587
You don't pay capital gains on cars if you're paying taxes on them
>t. raised up with a used car dealer.

[Anonymous No.52636541]

>>52635194
People aren't having kids you braindead monkey. Not in the first world anyway, and third worlders don't own shit.

[Anonymous No.52636649]

>>52634548
Only niggers spend a lot on cars and they love german cars. Sand niggers love white BMWs

[Anonymous No.52636664]

>>52634548
Car looks like shit. Arabs love BMWs for some reason.

[Anonymous No.52637136]

>>52634548
I really wanted to buy a nice car at the peak of the bullrun, but I didnt since I thought if I kept that money, I'd make more gains. Turns out I would be much better now if I had done it. I'm down like 95% since December
/Biz/ was like ''you can't spend more than 1.43522203% of your net worth on a car!!! Y-you just c-cant!!!''
Of course its my fault for holding from the top until now though.
The car price would probably go down like what? 20% maybe? Most of the coins I held are down more than 90% kek

[Anonymous No.52637389]

>>52637136
ive had the same experience, anything extravagant i've bought i got use out of and was able to sell –but all my "smart investments" were shit, i literally bought index funds at the top of the market

[Anonymous No.52637411]

>>52634548
Right now is the worst time to buy a car though. Prices coming down hard and rates are already elevated.

[Anonymous No.52637415]

leasing a car is the smart play
fuck owning these pieces of shit

[Anonymous No.52637431]

>>52635020
>>52635194
>desperate hoomer immediately defends his decision to buy the top of the housing market

[Anonymous No.52637542]

>>52637415
>you will own nothing and be happy

[Anonymous No.52637651]

>>52634548
There's nothing wrong with buying a car as long as you understand it's not an investment. Too many people put their ego into what kind of car they drive and overspend on shit they don't need. I'm looking at you suburban F-150 owners and fucking BMW sports car drivers. You're going to the drive-thru at McDonalds, calm the fuck down.

[Anonymous No.52637657]

>>52634548
>>"depreciating asset"
Well it is if you buy brand new.

The previous M3 model for example is still an amazing car, some would argue even better than this chink crap and it costs less than half.
And the best thing is, the older M3 is already practically bottomed in price.

[Anonymous No.52637672]

>>52634548
With inflation being what it is right now, cars don't really depreciate anymore.

[Anonymous No.52638561]

>>52634548
This is the /biz/ car

[Anonymous No.52638650]

>>52635020
>housing will always come back long term
Yeah, if you bought the top of Japan's housing bubble 30 years ago you'd only be down 25% today! Great investment, line only goes up!

[Anonymous No.52638689]

>>52638561
For me it's the 1992 roadmaster station wagon with white detailing and wood immation vinyl siding.

[Anonymous No.52638695]

@OP the newer cars are prone to get repaired all the time..
if you guys want something cheap and reliable (in the sense of repairs and other costs), its the best to get a pre-2005 diesel motored car from preferably a good german manufacturer

[Anonymous No.52638722]

maintenance, insurance, gas

[Anonymous No.52638861]

>>52635194
Housing is a function of maintenance, credit, law and order, location, utility etc
It doesn't just go up there are entire countries that get wiped out and the real value goes down. Don't just look at the USD value. I will grant you that they are printing lots of money and increasing immigration like crazy, but that actually accelerates all the things that are a threat to housing, namely the destruction of the country.

[Anonymous No.52639048]

>>52634548
can't wait to see BMW x holoride in the future.

[Anonymous No.52639147]

>>52638689
based.
For me, it's the E-Type hearse.
Roomier, and spares you shitloads in rentals everytime someone you know dies.

[Anonymous No.52639184]

>>52634548
>"depreciating asset"
>you can go anywhere
>allows you to live in a cheaper area
>you can just sell it if you need the money
>always a market for it, sells fast
https://youtu.be/BvOz_qUPbXo

[Anonymous No.52640278]

>>52638695
>just get a 20 year old car bro, it'll be more reliable
uhh anon..

[Anonymous No.52640336]

>>52634548
Even mainstream outlets, whose only purpose is to keep the normies from getting too scared, are calling for cars to dump next year.
Of course they don't seem like a bad buy after they hold value or increase in value for 2+ years.
But, at wholesale they're losing a percent a week in value since august, but banks won't budge and let them sell below their reserve. We have a slow-motion collapse in progress that will make it to retail at some point after dealers have to face the music.
Flooring costs don't seem like anything when the cars are going up in value day by day, but when it flips, good luck. I say this as someone who's looking to buy an LC500 after things settle down, I can understand the appeal of a nice car.

[Anonymous No.52640397]

>>52640336
ive had my entire life on pause for 6 months due to this thinking and im starting to believe that none of it is ever coming down. i need to get a car and a place to live but im trying so hard not to get hosed that i just end up doing nothing

[Anonymous No.52640438]

>>52640397
It obviously depends what kind of car you want as far as what's happening and when. I've watched higher-end luxury cars come down by 10-20% or more in the past couple months, and dealers are behaving way less like shitbags with the mandatory add-ons.
Why would it cause your life to grind to a halt? What are you looking to buy? Genuine questions.
If you don't have ANY car at all then obviously you probably need to get into something, as long as you make a decent income.

[Anonymous No.52640455]

>>52634581
Yeah I contemplated selling 2 cars and using that to buy a car I’ve wanted a while. Then I saw how inflated prices are and that interest rates are ridiculously high and decided it’s not worth it at all.

[Anonymous No.52640472]

>>52635062
>How can housing only go up if demand in developed nations only goes down ?

Uh...

Also
>Thread where people are claiming cars are worth more than houses

Braindead board.

[Anonymous No.52640477]

>>52634548
sold crypto in May 2021 and bought a 911, can sell it for a 10k profit if i wanted to. ez money

[Anonymous No.52640505]

>>52640438
i moved back in with my parents 6 months ago to wait for the housing market to cool off before finding another place, that did not happen. i make 120k so ive been able to save quite a bit but im so hellbent on not getting fucked that ive just been sitting on my ass doing nothing. i own nothing so buying a nice car would at least make me feel good about waging for a brief moment, otherwise im just not seeing the point

[Anonymous No.52640525]

>>52640455
that's a nice car, anon. i hope your dream comes true one day.

[Anonymous No.52640541]

>>52634548
everytime I use public transport I get absolutely shafted by delays and cancelations.
a car significantly improves your life quality.

[Anonymous No.52640579]

>>52640541
i looked at my spending since 2015 and ive burned through 65k on public transportation, over 100k if i include uber

[Anonymous No.52640630]

>>52640505
I see. Yeah, these things take time and I understand how that makes it different. I didn't expect that you legitimately moved back home and dumped everything. This stuff isn't worth pausing your life over, but it is likely going to be worth holding off on an upgrade (that is my situation). Depending on the car, you probably make enough money such that you could afford the impending losses. As you can see my opinion changes with your circumstances, and you make a decent income. My $0.02 would be, just don't way overbuy and screw yourself out of being able to save for a house.
If things are still upside down near you my advice is to expand your search to out of state listings and email around to try and negotiate the best out the door pricing on the car you want. This will help to limit depreciation if your local market is screwed up. Then you fly out and drive the thing home. If I were to buy one of the models I'm looking at today, I'd save significant money doing this.

[Anonymous No.52640662]

>>52634548
>breaks down

[Anonymous No.52640694]

>>52636541
lmao, it will take 50 years for that to haven an effect on the population size, you dumb retard.

[Anonymous No.52640789]

>>52634548
A car is an extremely valuable asset in a 2nd to 3rd world country like the United States. Buying brand new is the mistake, because car manufacturers don’t sell cars, they sell loans. Don’t be the guy who borrowed money to have a shiny car, be the guy who buys the car off of the guy who bought the shiny car, a couple years down the road when that guys debt starts to bury him.

[Anonymous No.52640937]

>>52640789
>3rd world country like the united states
stopped reading there

[Anonymous No.52640971]

>>52640937
Did you really just type that out, do a green text thing, and type a caption just to tell me you stopped reading? Of course you read my full comment.

[Anonymous No.52640989]

>>52640579
You just made me feel so much better about my life.

[Anonymous No.52641172]

>>52640937
start reading here

[Anonymous No.52641533]

>>52634548
If you're really looking at a car as a room that moves then qn expensive one is wrong.
Get a Honda Civic or a supercab truck. Though the difference is about $50,000 so, ya know...

[Anonymous No.52641561]

>>52635252
normie trash like m3s falls off a cliff. a lot of supercars hold value well. you can’t buy any of them without paying over msrp even if 5 years old and 20k mi. especially the v10s and v12s which won’t exist anymore

[Anonymous No.52641564]

>>52640579
how the fuck you spend 10k a year on public transport
even NYC's monthly pass is like 1000 a year

[Anonymous No.52641680]

>>52640455
trust me there’s nothing like it. ive owned all the garbage. buy one used and open exhaust up and enjoy the good life. if it ever gets boring (it doesnt) ship to ams for stage 2 twin turbo

[Anonymous No.52641684]

>>52641564
idk i have to go back and look at it again

[Anonymous No.52641706]

>>52634548
Nobody will own a car in next 5 years once AutoPilot is out of beta. Everyone will just set their Tesla's to run in Taxi mode which means entire road will be full of distributed ride sharing taxis. Will be super cheap to get from place to place and very safe with all autopilot cars.

[Anonymous No.52641757]

>>52640278
Transmission in new automatic cars break after a few years.

[Anonymous No.52641822]

>>52641706
i hope it s satire