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How You $500 Car Payment is Keeping You Broke


 
 
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section The Money Spot
  
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 3 weeks ago '04        #251
MrNickNick 3 heat pts
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$1,820 | Props total: 256 256
I used to lease cars all the time from 18-32 years old, as u grow up u start to wisen up. I had payments from 362/mo to as much as 994/mo. Now my priorities have shifted and it feels good to not have a car payment. I dont regret the cars ive had in the past despite the high payment, i do consider those cars experiences as opposed to money wasted.
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 3 weeks ago '16        #252
lowry2123 2 heat pts
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$2,028 | Props total: 2146 2146
peoplewilling to buy a brand new car for 30k


finance 25k while the car loses value right off the lot.paying insane monthly payments even with low interest ..its all b.s
also I seen these type of people who do this have major debt elsewhere
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 3 weeks ago '04        #253
pocketchange 185 heat pts185
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$15,488 | Props total: 18008 18008
I see new people getting hired and pulling up in paper tags in less than a month.

 3 weeks ago '06        #254
miltownhpt 
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$139 | Props total: 141 141
sh*t is all relative to the situation really...

if you spend 10-15k on cashing out an older whip or spend 400, 500, 600 a month on a newer whip at 0, 1, 2% financing... and having that bread to use for whatever.. an argument can be made for either.

or you have questionable credit and you got a lower rate buying a newer whip usually still under a new car warranty rather than spending all your bread on a beater from a hood lot or craigslist... an argument can be made for both

or if you just like nice whips, nice interiors, latest tech and spend bread on that vs eating out or smoking or drinking or having 2000-3000/mo rent or mortgage.

i will say this tho.. last time i went to atl i seen more luxury whips than camrys... so seemed like a lot of people had to be living above their means and fronting.. but i'm not local so just an observation...

 3 weeks ago '05        #255
KDE21K 
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$710 | Props total: 495 495
I really want a Tesla though
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 3 weeks ago '19        #256
crawlingtulip 1 heat pts
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$87 | Props total: 130 130
Can't you finance a business vehicle and use it as a tax deduction?


Last edited by crawlingtulip; 08-03-2019 at 11:08 AM..

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