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Forum » People who buy cars with cash outright are subhuman.
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Thread: People who buy cars with cash outright are subhuman.

post 1505086541 05-17-2017, 07:46 AM
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#61
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LOL OP would rather pay interest
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post 1505086581 05-17-2017, 07:47 AM
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Originally Posted By BustaCapp⏩
Fuk off slaphead you own one house (gifted to you by your dead grandmother) and have a mortgage on another.

You also have no family and will die alone in a puddle of piss surrounded by cats.

Trump you ain't.
Never inherited a penny could buy you three times over.

However, the point of your thread was what a sound financial decision leasing is. So prove it. What deal do you have on what vehicle, and we'll compare it to what an intelligent person would have done.

Or are you too ashamed of the car you drive and how bad a deal you got?
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1505086661 05-17-2017, 07:47 AM
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Finance all my cars through the credit union at 1.9% interest crew
post 1505087271 05-17-2017, 07:52 AM
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#64
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in on bustacap thread

someone's gotta keep this economy going
Don't hit at all if it is honorably possible to avoid hitting; but never hit softly.
post 1505087471 05-17-2017, 07:54 AM
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finance @ 0% crew....
<HTC>
post 1505089061 05-17-2017, 08:08 AM
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#66
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I drive approx 5k miles a year, not buying a car anymore. will be leasing from here on out

750 credit crew
post 1505090701 05-17-2017, 08:20 AM
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#67
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just lol@ buying a car when you can ride a bike

"Gotta do what you gotta do in order to be successful"

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post 1505091411 05-17-2017, 08:25 AM
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Used car crew, straight cash. Still driving the car I bought in '09. No fawks given.
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post 1505091541 05-17-2017, 08:27 AM
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#69
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Originally Posted By BustaCapp⏩
It's irrelevant really when you can get a 100% mortgage.

http://www.money.co.uk/mortgages/100...FeK97QodAYQPwg
i went into Halifax (my bank) - said here's my P60 for 2016/17 (28k) - heres myperfectcredit rating (never made a late CC payment, always pay on time) - heres my 25k deposit (savings over the years)


they said i can borrow 84k as a mortgage - 3x salary

that doesnt even get me a garage in my town......




so yes it does matter - since i could move to some chithole and get a house for that.....
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post 1505092091 05-17-2017, 08:32 AM
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Originally Posted By deadhead6391⏩
Basically this. New cars are one of the worst investments you can possibly make. Used is pretty much always better from a financial standpoint.
Depends on the vehicle. I was looking at used 4runners before I bought mine. If I bought a few years old I'd save a few thousand dollars over new. I'd only have a couple years of warranty left, I wouldnt know how the previous owner drove it. At the end of the day new made more sense. Tacomas are even worse. You almost pay more for a used one. lol

As a side note. My friends dad is worth well over $100 million and he finances everything. His credit is so good that it makes no sense to actually put the money on anything. His rate of return on investments is higher then his interest rates.
post 1505092531 05-17-2017, 08:36 AM
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Most people probably think that financing for a lower rate than what you can get in investing is just not worth it for risk/reward.
post 1505093001 05-17-2017, 08:40 AM
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Learn how to fix cars and you won't have to worry about it.
Celtic FC
Oakland Raiders
post 1505096961 05-17-2017, 09:11 AM
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#73
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Originally Posted By Kev1972⏩
Borrowing money > using your own money.

Said no one ever.
I disagree, smart investors who could make more investing the money then the interest rate would rather use their available cash for other avenues then buying outright. Same applies for business who lease office units.
Originally Posted By donblaximus⏩
Finance all my cars through the credit union at 1.9% interest crew
What happens if rates go up?
post 1505098431 05-17-2017, 09:24 AM
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#74
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Owning cars will be a thing of the past once they become fully automated.

It'll be large companies that own enormous fleets of fully autonomous cars that I'm sure will run something like 20hrs+ a day picking people up and dropping them off all directed by the users of some app. These cars will pull in such enormous profits once you no longer have to pay a driver for their time in addition to the cost of the vehicle.

Why pay for a car 24/7 when you may only use it 2 hours out of the day? Can't wait for some on demand autonomous vehicle service to chauffeur me around and never have to worry about a car again.
post 1505098671 05-17-2017, 09:26 AM
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#75
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Originally Posted By AmGodBrah⏩
In on tradies coping thread
"That boulder is too large. I could lift a smaller one."

-Hercules

Starting Weight (July 2018) - 362
Current Weight (July 2019) - 268
post 1505099081 05-17-2017, 09:30 AM
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#76
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Great a British postman is now a Certified Financial Planner.

For me, 0% financing 72 months, $0 down
post 1505099091 05-17-2017, 09:30 AM
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#77
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Did not read thread but I assume you mean new cars. I will agree there.

Buying an older, used car cash is arguably the smartest way to go. At least with regards to financial independence and freedom. Even more so if you know how to fix cars.

Of course, that means you cant lease a BMW you cant afford just so you can peacock like most of the *******s on here.
Order Will Be Restored
post 1505099341 05-17-2017, 09:33 AM
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#78
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Originally Posted By krioro⏩
U mad?

Good thing you recognised the classic car master race in the post above mine or I would have DECIMATED you son.
This is exactly what I was going to say. Classic cars are real investments that you can absolutely see a good return on, especially if you own a shop with all the restoration equipment and a paint booth.

You can't really make money on new cars at all. 1990's and newer really don't hold their value at all unless... Ford GT, GT500, 03-04 SVT Cobra, Mark 4 Supra, Ferrari F40, or certain model Porsche's.

Anyways I regret owning a late model GT mustang (that I paid in cash) for the simple fact that it is worth nowhere near what my fathers classic cars are.
post 1505100781 05-17-2017, 09:46 AM
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#79
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Originally Posted By GainzMcgee⏩
What happens if rates go up?
Ton of different variables happen that cause the rate to go up so I will re-run my numbers and assess at that point.
Ive enjoyed 1.9% for almost a decade
post 1505100911 05-17-2017, 09:47 AM
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#80
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Originally Posted By allianc3⏩
Owning cars will be a thing of the past once they become fully automated.

It'll be large companies that own enormous fleets of fully autonomous cars that I'm sure will run something like 20hrs+ a day picking people up and dropping them off all directed by the users of some app. These cars will pull in such enormous profits once you no longer have to pay a driver for their time in addition to the cost of the vehicle.

Why pay for a car 24/7 when you may only use it 2 hours out of the day? Can't wait for some on demand autonomous vehicle service to chauffeur me around and never have to worry about a car again.
This will surely happen (SRS), but I doubt in any miscer's lifetime.
post 1505101641 05-17-2017, 09:54 AM
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#81
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10k is a lot of money



















































































Lol virgin
post 1505101661 05-17-2017, 09:54 AM
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The only time it makes sense is if you can get an extremely low interest loan below like 2%, other than that you really are not going to make much more in the market over a few years on the money you would have "invested." Most people should NOT finance or lease a car. In a lease you are paying the depreciation on a new car every time you lease it, its for people that like a new shiny thing every 3 years but don t want to deal with the hassle of selling. If you think you are somehow saving money while leasing you are getting suckered.

Buying a CPO car with cash that you plan to keep for 5-10 years is probably the most balance decision between driving a broken down rust bucket and throwing money away at a depreciating asset when it drives off the lot.... not even comparing to paying rent for a car you will never own as well as a down payment for limited mileage. Lmao you people must live boring ass lives if you are restricted to like 12k miles a year including work. Who was road trips, vacations, beach days, etc? Visiting relatives? Just lmao if you have some college drop out lot man tell you how much you can drive a car you pay rent for
Phila crew
Healthcare Crew
post 1505101861 05-17-2017, 09:56 AM
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#83
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Originally Posted By BustaCapp⏩
BRB - lost your job? simply hand the car back and then get another when you find a new job, after all, that's all you really need the car for
That's the worst point right there.

Just when you NEED a car because your life is on the line, you don't have one. You might be trying to get to interviews and so on for months, but you can't.
If you want to ask me a question:

Ask: TheAdlerian

http://forum.obnoxiousbrutes.com/showthread.php?t=150655983&p=1000366043#post1000366043

Read my science fiction novel:

http://www.amazon.com/Echelon-Adlerian-ebook/dp/B00RCFFTKC/ref=sr_1_1?ie=UTF8&qid=1419640250&sr=8-1&keywords=Echelon+the+adlerian
post 1505102091 05-17-2017, 09:58 AM
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Originally Posted By Tornach⏩
Only poor people finance cars
if the interest on the loan is, say, 2.75% and your mortgage is 4.25% or your investment return is 7%, it doesn't make any sense to not finance the car and get the spread

i paid the minimum on my auto loan around that percentage and my student loan, which was like a fixed 2.875 and just put it on my mortgage at that %. now my mortgage is down to 56K and those other two just matured.
Make Europe Germany Again
post 1505102471 05-17-2017, 10:02 AM
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Originally Posted By Ratfish⏩
if the interest on the loan is, say, 2.75% and your mortgage is 4.25% or your investment return is 7%, it doesn't make any sense to not finance the car and get the spread

i paid the minimum on my auto loan around that percentage and my student loan, which was like a fixed 2.875 and just put it on my mortgage at that %. now my mortgage is down to 56K and those other two just matured.
You are assuming this money is coming out of "investments" and not just sitting in the bank. Id imagine most people have a savings account outside of their "investment" where they keep another small partition of risk free side cash for things llike buying cars, houses, etc. Its called Savings and doesnt get a 7% return.

Again, for most people, after the down payment on a car the difference is going to be negligible on a spread of returns....
Phila crew
Healthcare Crew
post 1505102621 05-17-2017, 10:04 AM
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Why would I drain 20,000 liquid cash when I just purchased a brand new Nissan Altima for 290/month... with 0% interest?
McFreako Appreciation Crew
post 1505103141 05-17-2017, 10:09 AM
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If people spend above 5k or below 100k on a car they've settled to be average.
Only spend below 5k on cars until I can buy a lambo crew.
Otherwise what are you doing? You could be investing the money you're using for the lease of the car. Of course you can invest the 5k but it'd serve me better making transportation easier.
post 1505103591 05-17-2017, 10:14 AM
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I love when people make these threads with blanket generalizations, without taking into account that everyone has different preferences and life situations.

If you're a car guy who loves German, literally the only option you should choose would be lease unless there's one specific model you are dead set on keeping and driving into the ground. and I do mean into the ground.

If you literally don't give a flying fuk about cars, your only option should be to pay the lowest amount of cash for a somewhat used Japanese econobox with good gas mileage and low maintenance costs.

If you do care about cars, but don't have the cash to buy outright, but know you don't want to recycle your car every few years, you finance. For some cars it makes even more sense if they have a higher resale value, IE 4runners, STI, trucks, etc.

The only time you should ever buy a NEW car with outright cash is if you're ballin enough to drop the cost of the immediate depreciation without stressing about it.
"So t
post 1505103811 05-17-2017, 10:16 AM
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Lol nah

brb restricted mileage

brb pay a fee if you want to stop lease

brb extortionate fines for damage


I'm sure in some cases you save money but I could sell my car now (bought used, now 6 years old) and be way way up compared to leasing
I identify as a chad with a jawline so chiseled it can cut diamond, don't assume my genetics

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post 1505104901 05-17-2017, 10:26 AM
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Lol at you fuking peasants. I ride a horse to Work every morning. Alpha as furak. Bitches be mirin, dudes be jellying
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