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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 1505069501 05-17-2017, 02:05 AM
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#121
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It's 2017 and people are still blowing their hard earned savings on a lump of metal that transports them from a to b?

Buying a car outright:

BRB - blowing years of savings in capital
BRB - car begins to rot the minute it leaves the showroom
BRB - warrantly is voided after 3 years, now you must pay to maintain a failing lump of metal
BRB - repair bills in their thousands
BRB - car must pass annual safety certificate to stay on road
BRB - eventually the car becomes an inanimate pile of metal and you have to pay someone to tow it to a scrapyard

Buying a car on finance/leasing a car

BRB - keep your savings and/or invest them in something that appreciates in value instead
BRB - choose a plan that suits your salary/spending habits
BRB - car never needs repairs since most deals are over 3 years
BRB - if car does need repairs, warranty covers the cost and gives you a courtesy car while u wait
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
BRB - always got a new car with the newest, most economical technology

BRB
BRB..






































































BRB
fist yourself
post 1505069681 05-17-2017, 02:11 AM
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#122
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Originally Posted By BustaCapp⏩
It's 2017 and people are still blowing their hard earned savings on a lump of metal that transports them from a to b?

Buying a car outright:

BRB - blowing years of savings in capital
BRB - car begins to rot the minute it leaves the showroom
BRB - warrantly is voided after 3 years, now you must pay to maintain a failing lump of metal
BRB - repair bills in their thousands
BRB - car must pass annual safety certificate to stay on road
BRB - eventually the car becomes an inanimate pile of metal and you have to pay someone to tow it to a scrapyard

Buying a car on finance/leasing a car

BRB - keep your savings
BRB - choose a plan that suits your salary/spending habits
BRB - car never needs repairs since most deals are over 3 years
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
BRB - always got a new car with the newest, most economical technology

BRB
BRB..






































































BRB
lol wut, you don't think that when you lease all those costs are factored in? You do a NPV on leasing / financing vs buying up front, buying up front is universally better

I always buy my cars cash.

But then I only do so because everything else is sorted. Legit 10k day ceo.
post 1505069701 05-17-2017, 02:12 AM
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#123
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In on tradies coping thread
post 1505069851 05-17-2017, 02:16 AM
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#124
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everyday i see on ******** some *******s looking to buy ____ car and they uploading a pic with the money (alot of times more then 10K$)
fuking lmao thinking they alpha as fuk cuz they got it in cash
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post 1505069871 05-17-2017, 02:17 AM
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#125
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Only poor people finance cars
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post 1505069991 05-17-2017, 02:18 AM
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#126
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Prefer older cars, pay a fraction of the price and get something that's still comfortable and gets 50mpg easy. DGAF about some dumb show of status from having a 17 plate on the car that's more than likely a base model ****box.
New cars still break down/ get recalled all the time. At least with something older all the issues are well documented online so you know what to expect and how to prevent them.
post 1505070011 05-17-2017, 02:18 AM
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#127
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id like to hear more from samsbolton on the matter
post 1505070051 05-17-2017, 02:19 AM
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#128
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Originally Posted By Gizzyhardcore⏩
lol wut, you don't think that when you lease all those costs are factored in? You do a NPV on leasing / financing vs buying up front, buying up front is universally better

I always buy my cars cash.

But then I only do so because everything else is sorted. Legit 10k day ceo.
What discount rate would you use for NPV??? Your cash could be doing much better in the market than the 0-0.9% finance rate available on many new cars. Not to mention the benefit of leaving the title with the finance company for the amortization period of a lease, transferring all liability of depreciation due to major accident to the finance company.

Pay cash if used. Use the finance company's virtually free money to lease or finance if new.
post 1505070121 05-17-2017, 02:21 AM
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#129
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Originally Posted By Bigeeef⏩
Prefer older cars, pay a fraction of the price and get something that's still comfortable and gets 50mpg easy. DGAF about some dumb show of status from having a 17 plate on the car that's more than likely a base model ****box.
New cars still break down/ get recalled all the time. At least with something older all the issues are well documented online so you know what to expect and how to prevent them.
So what if something breaks on the new car? It'll get fixed under the manufacturer's warranty and they will issue you with a courtesy car while they fix it.
Originally Posted By Tornach⏩
Only poor people finance cars
You travel by bus.
fist yourself
post 1505071001 05-17-2017, 02:54 AM
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#130
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new car for £300/month - basic asf - 3 years - £10,800 + interest

or

second hand extremely low mileage car that was worth more brand new - load of extras - fast - economical - £5-10k EASY
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post 1505071371 05-17-2017, 03:05 AM
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#131
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What you talking about op? If you lose ur job u cant just drop off car and say forget it, ur still on the hook for your end of the deal for remaining time, plus ur credit would be shot and you would owe money.

You cant just drop a lease off 6 months later and say forget it, and stop payment, or can you? I didnt know that
Keep rep trading out of your sig line miss
post 1505071551 05-17-2017, 03:10 AM
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#132
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brb, going into debt for a car...LMAO
post 1505071671 05-17-2017, 03:13 AM
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#133
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Originally Posted By RmBoyos⏩
new car for £300/month - basic asf - 3 years - £10,800 + interest

or

second hand extremely low mileage car that was worth more brand new - load of extras - fast - economical - £5-10k EASY
Basically this. New cars are one of the worst investments you can possibly make. Used is pretty much always better from a financial standpoint.
post 1505072081 05-17-2017, 03:30 AM
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#134
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Lmfao @ paying rent to drive a car.
Also you're weak if you need all the newest technology and can't repair a car yourself
6'4 200
Ain't much if it ain't Dutch
Medstudent crew
post 1505072181 05-17-2017, 03:31 AM
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#135
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poverty crew checking in

$1500 rust bucket crew
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post 1505072261 05-17-2017, 03:33 AM
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#136
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Originally Posted By SeymourGains⏩
id like to hear more from samsbolton on the matter
Partners brother always finances his cars.





















He is dumb as a bunch of rocks though.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1505072441 05-17-2017, 03:37 AM
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#137
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Lol. poverty postman northerner. Work harder play harder.

Lots of ppl have black cash etc and they got yo spend it.

Keep worrying about other ppl u insecure old man
post 1505072481 05-17-2017, 03:38 AM
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#138
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Since op likes the daily mail so much..

http://www.dailymail.co.uk/money/car...9-000-car.html

Cliffs: car finance deals are ALWAYS structured to make the dealer money, not you. Many people who sign up have absolutely no clue what they are buying and at what interest rate. They don't realise that the balloon payment (typically three years when you decide if you want to buy the car) is factored into the interest rate, even if you have no intention of buying it
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1505072901 05-17-2017, 03:51 AM
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#139
  1. BustaCapp
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Originally Posted By deadhead6391⏩
Basically this. New cars areone of the worst investments you can possibly make.Used is pretty much always better from a financial standpoint.
A car should not and cannot be an investment (unless you are a car dealer/classic car restorer).
Originally Posted By NLnemesis⏩
Lmfao @ paying rent to drive a car.
Also you're weak if you need all the newest technology and can't repair a car yourself
Maybe where you live you still drive old fashioned pushrod engines etc. That's fair enough, but where I live even qualified mechanics can't fix many complex issues and defer you to to the dealership who then charge thousands for a replacement lighbulb etc.
Originally Posted By kamil089⏩
Lol. poverty postman northerner. Work harder play harder.

Lots of ppl have black cash etc and they got yo spend it.

Keep worrying about other ppl u insecure old man
Red. Red. Red.
Originally Posted By samsbolton⏩
Since op likes the daily mail so much..

http://www.dailymail.co.uk/money/car...9-000-car.html

Cliffs: car finance deals are ALWAYS structured to make the dealer money, not you. Many people who sign up have absolutely no clue what they are buying and at what interest rate. They don't realise that the balloon payment (typically three years when you decide if you want to buy the car) is factored into the interest rate, even if you have no intention of buying it
Who claimed to make money from buying a car? WTF? ??!!

'fuk outta here with your extremely irrelevant utterances.

It's all about convenience.

Renting is basically where it's at.But only with vehicles.

Just LOL @ most of the clueless pricks ITT who probably pay cash for cars but rent their homes LMFAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOO!!!!!!
fist yourself
post 1505073451 05-17-2017, 04:06 AM
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#140
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My car is an appreciating asset.

post 1505073741 05-17-2017, 04:17 AM
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#141
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[QUOTE=krioro post_id=1505073451]My car is an appreciating asset.

[img]http://i.imgur.com/iklTDJJ.gif[/img[/QUOTE]Most cars aren't though so fuk off.
fist yourself
post 1505073751 05-17-2017, 04:17 AM
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#142
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I owned 3 vehicles umad

2 I bought out right
post 1505073771 05-17-2017, 04:18 AM
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post 1505073951 05-17-2017, 04:25 AM
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#144
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Originally Posted By BustaCapp⏩
Most cars aren't though so fuk off.
U mad?

Good thing you recognised the classic car master race in the post above mine or I would have DECIMATED you son.
post 1505073991 05-17-2017, 04:27 AM
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See lots of this in europe specially with BMWs.

Yeah the new 3 series is gorgeous (in lots of european countries, over 50% are diesel cars). But would you rather get in debt for a 50k+ euro car or fix a full extra 330d or 335d that still has a lot of life left but is 10-15yo?
Smart people will do the later.
post 1505074071 05-17-2017, 04:30 AM
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Borrowing money > using your own money.

Said no one ever.
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post 1505074581 05-17-2017, 04:47 AM
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I loe e.
post 1505076891 05-17-2017, 05:35 AM
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#148
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Originally Posted By BustaCapp⏩
A car should not and cannot be an investment (unless you are a car dealer/classic car restorer).



Maybe where you live you still drive old fashioned pushrod engines etc. That's fair enough, but where I live even qualified mechanics can't fix many complex issues and defer you to to the dealership who then charge thousands for a replacement lighbulb etc.



Red. Red. Red.



Who claimed to make money from buying a car? WTF? ??!!

'fuk outta here with your extremely irrelevant utterances.

It's all about convenience.

Renting is basically where it's at.But only with vehicles.

Just LOL @ most of the clueless pricks ITT who probably pay cash for cars but rent their homes LMFAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOO!!!!!!
Ok. Tell us the deal you have on your vehicles and the misc will tell you how smart you have been. Srs.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1505077531 05-17-2017, 05:50 AM
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#149
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Originally Posted By SkepticalOne⏩
What discount rate would you use for NPV??? Your cash could be doing much better in the market than the 0-0.9% finance rate available on many new cars. Not to mention the benefit of leaving the title with the finance company for the amortization period of a lease, transferring all liability of depreciation due to major accident to the finance company.

Pay cash if used. Use the finance company's virtually free money to lease or finance if new.
yeah thinking about it now, I somewhat agree with OP, it really depends on your situation

I think if you want to have the car anymore than 5 years, buying is probably best.

Leasing I guess if you want to see what the car is like, have the flexibility to return it all that sort of stuff but you pay for this stuff in the lease costs.

Buying on finance, it makes sense if you need that car for something, ie a business, like you have to borrow at 15% (or whatever auto finance is) which is fn high, but if you don't have it you can't do you business and lose heaps of sales etc. Or you are some sort of finance guru and borrowing at 15% is worth it because your money is better off in your investments returning 15%+

For NPV I would use close to the risk free rate of what you can invest in. Ie bond rate or a very consistent managed fund ROI
post 1505077741 05-17-2017, 05:53 AM
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#150
  1. SeymourGains
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Originally Posted By SeymourGains⏩
id like to hear more from samsbolton on the matter
Originally Posted By samsbolton⏩
Partners brother always finances his cars.





















He is dumb as a bunch of rocks though.
Originally Posted By samsbolton⏩
Since op likes the daily mail so much..

http://www.dailymail.co.uk/money/car...9-000-car.html

Cliffs: car finance deals are ALWAYS structured to make the dealer money, not you. Many people who sign up have absolutely no clue what they are buying and at what interest rate. They don't realise that the balloon payment (typically three years when you decide if you want to buy the car) is factored into the interest rate, even if you have no intention of buying it
Originally Posted By samsbolton⏩
Ok. Tell us the deal you have on your vehicles and the misc will tell you how smart you have been. Srs.
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