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?
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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.
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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.
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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.
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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.
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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
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Its crazy how you cant do math at all throughout this entire exchange.
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