This has to be one of the most insane monthly budgets I’ve ever seen pic.twitter.com/aqLlocNl3d
— Ramp Capital Guy (@RampCapitalLLC) July 26, 2023
Accurate?
This has to be one of the most insane monthly budgets I’ve ever seen pic.twitter.com/aqLlocNl3d
— Ramp Capital Guy (@RampCapitalLLC) July 26, 2023
Accurate?
Jump in the discussion.
No email address required.
It's popular but rich people don't usually do it because they can just buy the car.
Poor people love to frick themselves over leasing cars. In Burgerland there's stereotypes for this. You've got the 45 year old Kang who rolls into work in his caddy but still lives in a crime infested shit hole, and the 25 year old fresh off deployment who decides to lease a Camaro before finding a new job.
It works out ok for stable middle class people, although they're usually looking to spend their money on a nice truck or SUV they'll keep for longer than 3 years.
Jump in the discussion.
No email address required.
You literally cant get fricked over leasing a car because you don't own it and lease "rates" arent hugely credit dependent.
Neighbor you got it all wrong, both of those are bought from Buy-Here-Pay-Heres are 30% APR.
Leasing is what rich people do because they want a new car all the time.
Jump in the discussion.
No email address required.
That's exactly why leasecels are fricking themselves over lol. It's the same as why getting a mortgage is better than renting, except the resale value for cars is more predictable than the real estate market.
It's fine for people with money. Buying and selling is going to save a decent amount of money, but if it'd be a real issue if the car got totaled it makes sense to lease as more or less as insurance against that. My experience is that rich people get off on putting 400k miles on some old Buick or F150, but they're not going to have money problems because they leased rather than bought. The people fricking themselves over are the ones that shouldn't be in new cars at all.
Jump in the discussion.
No email address required.
Are you r-slurred? Every single car you would ever lease is worth less than 40% of it's sticker after the lease period. Cars depreciate, houses appreciate.
Jump in the discussion.
No email address required.
Are you? You aren't getting a lease for 60% of the car's value. That 40% you get from selling it more than offsets the extra spent up front.
Jump in the discussion.
No email address required.
Jump in the discussion.
No email address required.
Neighbor what? I'm saying to buy the godarn car not take out loans holy shit you're a fricking r-slur
Edit: key phrase in my last post was up front. Apparently you're too poor to even comprehend not taking out financing
Jump in the discussion.
No email address required.
Jump in the discussion.
No email address required.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
Fair enough. If I was that rich I'd do it - $25k/year to have a new luxury car every 2/3 years seems like a decent deal compared to having to constantly sell + buy, it might not cost much more overall. The dealer will do the transfer for you too.
Jump in the discussion.
No email address required.
$25k a year leasing is multiple full size luxury cars/SUVs.
Even a fricking V8 S class leases for like $1,200 a month on a deal.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context