>>28964238
0. I have 4 cars and I own them all outright.

>>28964243
Only if you live in a free country, otherwise you pay insurance, registration, road tax gas tax etc

>Almost 40
>Never had debt, a loan, credit card, lease, rental, or finance of anything
>Dont’t even have a credit score
I buy my stuff outright. I don’t believe in credit unless you’re about to die and need money badly.

>>28964238
325 credit score is impressive

>>28964243
either youre rich or they are clapped out shitboxes with 100k+ miles

File: 3luek0.jpg (28.6 KB)

>>28964253
Nta but I have no car loans either and two of them are less than 5 years old. Only one is what I'd call a clapped out shitbox with over 100k miles (nearing 200k now and still running just fine because it's a honda civic lol).

>>28964238
those high rates pics are satire btw

>>28964252
What was it like buying a house for cash

>>28964262
I habeeb it.
I’ve mostly lived in black majority areas. I don’t even think the illiterate ones I know would be that dumb.

>>28964253
At one point I was at a 396. Now I'm at a 819.

File: IMG_0008.jpg (35.3 KB)

>>28964265
It’s called generational wealth, baby. Good luck roll. That’s how capitalism works when people aren’t all born at the same time. I ain’t gotta do a goddamn thing in life. Oddly enough I’m very liberal and find this life of mine a little absurd.

>>28964266
>I don’t even think the illiterate ones I know would be that dumb
the ones who had to go bankrupt and can't find a friend to co-sign (or can find a friend but still have trouble) absolutely will sign, because they know they fucked up and they get sold on the idea that this is a method of rebuilding credit over the long run. "we'll get anyone approved" is a threat but they hear it as a lifeline

>>28964243
Based and owner pilled

Zoomers can't fathom the freedom that is bestowed on ownership.

>>28964238
$3,200 a month.
Porsche 718 Spider RS.
I dont give a fuck, its my car and I want it now.
I live in a one bedroom apartment by myself, 150k salary USD.
Life is pretty amazing when you just assume youre gonna die when your 60.

File: 1000002924.jpg (216.0 KB)

>>28964243
Jarvis, pull up the numbers on how many of this retards cars actually run.

3600 for 3 years at 4.5%. Could have bought cash but invested instead. Stonks have been +20% last 3 years so I'm winning. I'm also never paying off my 2.75% mortgage as it's free money.

>>28964238
More than I can afford, (no) thanks to the madman who "runs" (more like "ruins") my country.

>>28964238
Nothing, I'm not American.

>>28964282
not him but of my like 10 cars only 2 don't run

>>28964282
>5 cars
>4 run and drive perfectly, the one that isn't has been benched until I have more time to sit down and tune it (I upgraded fuel system and turbos amongst other things)
>80k, 100k, 140k, 125k, 90k,
>All maintence done, everything is up to snuff
>Not a single payment, No stress, parts easily available anytime and anywhere
>Credit score 776
>bundled them all with same insurance provider, axing my rate down like crazy even if I'm under 30
Life is good. All my wrenching paid off in the end, debt free freedom is bliss. Owning your own shit will forever be a flex.

>>28964238
$320 unfortunately
>have paid off car
>dipshit DOOR DASHER runs you off the road
>take insurance money and buy used BMW (Yes, this makes me even dumber than the poor who ran me off the road)
>realize mistake and trade used BMW in for another car, congrats on the disequity.
And that's how i owe 16k on a 2010 mustang.

File: images (25).jpg (6.7 KB)

>>28964253
Clapped out shotboxes are whats expensive now. Because new shit is known shit nobody wants.

>>28964275
>Oddly enough I’m very liberal
The only prerequisite for being liberal is not having to worry about fending for yourself. There's nothing odd about that at all.

>>28964369
I guess that’s fair. Technically I’m more conservative, but conservativism isn’t what it was 15 years ago. Conservatives used to fight against overreach and surveillance, now they’re the ones doing it. I don’t stand for that.
I’m a liberal in the sense that I think we should provide medical for those witch born disabilities. I find that important.

Is this thread euopoors?
I havent owned less than 2 vehicles at any point in time since I was 18.

>>28964238
$145
I own it outright but between the insurance jew and registration, I’m paying almost $5 a day for it whether I drive or not.

>>28964238
>$60k for an old beater
Damn. I guess they do it because the chance of actually getting even 10% of the total sum is slim?

>>28964252
Microsoft has a 57 billion dollar debt. Every single important country has billions of trillions of dollars of debt. Debt is a financial tool that is very useful.

Bragging about never having a single loan or any debt just shows your financial incompetence. Otherwise, the most successful nations and businesses and peoole wouldn't have massive debts.

>>28964238
First car was $9,800
paid $1,000 down, took a loan out for $8,800
Made a hail damage, and one other comprehensive claim during the first two years. jewy insurance decided to raise my collision rate from $200 per 6 months to $1,900 making it $2,200 total while I had roughly $5k left on the loan.
Paid off the rest of the loan in full, dropped collision coverage, my 6 month premium went down to $194.
After 6 months I dropped that insurance provider.

Recently I bought a $30,000 vehicle. Put $500 down and took a loan out for the rest. Dealer was being a cunt and wouldn't budge on price, I was barely able to get $400 off the car even with a car loan from their preferred bank.
I went home and immediately paid the car off in full. Morons didnt even reset the car's infotainment system. It had the previous owner's home address in the GPS. I paid him a visit to ask why he traded it in. Turns out he wanted a bigger truck, he was also livid and had some words with the dealer. We both left a 1 star review.

8 years ago I bought my hose worth $414,000. I put down $240,000, My mortgage including property tax was $1,600 per month. Each month I paid $5,000, and dropped $15k at the end of the year when I got my bonus.
Home was paid off early this year.

If you cant afford 50% of the items worth, dont get that loan.

>>28964518
The system is built around you thinking you’re getting a leg up. If you convince people to buy outside of their means and tell them they’re “so smart” for spending more money than their means allow, you own them.
Why is America so obsessed with violence? We have 2x the debt of any other country and our only defense left is “we have bombs, s-s-so don’t mess with us, we mean it!”

>>28964518
>Debt is a financial tool that is very useful.
Debt is a financial tool that is very useful for acquiring capital assets which have the ability to generate cash flows. Your car does not do this.
Most consumers do not need to use debt in the way a business would need to. Most consumers also should not be spendthrifts like Microsoft or the United States, which is itself rapidly approaching terminal debt. Don't be a 60-year old retard.

>>28964238
I was honestly surprised on how dumb Marines are. When I was in, outside the base you could buy everything on credit. Marines would buy TVs, XBoxes and Playstions at 30 to 50% interest. They had lifted trucks and cars that looked like they came from 2fast 2furious. Young marines would buy over priced cars at insane rates. One guy bought a 2003 mustang with a V6 auto at 27% apr. it was so bad, command specifically told marines to talk to their superiors before buying a car or could get into trouble.

>>28964238
Hmm.
Uhh.

Bout $225? Gas insurance regular maint annnnnddd the eventual unregular maintenance. Totals up to about that much.

File: 1773841868082.jpg (1.0 MB)

>>28964238
$0
Anyone making under $150,000 should not have a car payment

'18 Challenger R/T was $625/mo but it's paid off. Insurance is, and always has been, $2K/yr with $350-ish/year for registration. So now it's only $195 a month.

Americans are so lucky.

>>28964238
$1100 a month for a year, then i got really lucky with crypto and paid the rest off

60 month $300/month for a 2017 honda civic when I got my first job out of university. paid it off a few years ago

now the car's at nearly 300k km, and I'm not looking forward to replacing it and having a car payment again

All of my cars are paid for.

>>28964365
>owe 16k on a 2010 mustang
big oof. hope it's at least fun to drive. my coworker has a 07 that he's still paying off somehow. he was super pissed when he bragged about how at least his car was faster than mine, and then couldn't pass me from a dig. funny enough that one is benched now and I dd a used bmw

>>28964929
Yeah it was unironically my dream car (I'm a bit older; back when the s197's came out i really, really wanted one.) Finding a GT convertible with a MT with 80k miles and in great shape softens the blow.

>07 .. bragged about how at least his car was faster than mine
Ouuuuch, yeah these are not 'fast' cars by today's standards at all; the 3v is ~315HP at 5.4k RPM. The average mid-grade SUV is quicker off the line.

>>28964243
Same.

1973 Stingray
1997 Deville
1998 Tracker
2005 Ranger

All good looking and fully-functional. Well, except the ABS module on the Deville because I haven't redone the relays on my junkyard spare, yet.

Technically also own a couple farm vehicles but they would be more projects than anything.

File: laugh-harder-oh.gif (979.1 KB)

>>28964247

>>28964561
>Marines
being money dumb is kinda across all service departments, except maybe coastguard.

you'd think being deployed so that they can't really spend it all would help, but most of them never saved money in their life and when they get back from deployment they all have a lump of cash on hand most had never seen before.

>>28964278
>$3,200 a month
>its my car
But it's not though

>>28964378
Well i have 3 so i guess europoor doesnt mean what i thought it did

My first car buying experience was during COVID so I paid it off in 8 months because I had no where else to spend my money

>>28964238
This can't be real

>>28964275
Yeah, champagne liberals and champagne socialists are pretty common. If you really want to support the working class you should join them and donate your wealth gained from exploiting the labor of others. But we both know you won't do that.

>>28964532
>Recently I bought a $30,000 vehicle
.. it being?

>>28964550
The cash you spent on the car has an opportunity cost. Most auto loan rates are about 5-6% so you're better off having a $30k car loan and $30k in index funds or a down payment for real estate than a $30k car bought in cash with no investments.

>>28964714
it's about time to shop around for insurance, that's a lot

>>28964806
What do you drive?

>>28964820
>now the car's at nearly 300k km
Please share odometer.

>>28964278
For a deprecating asset?! But WHY

File: civic.jpg (123.9 KB)

>>28965257

>>28964238
I have not had a car payment. I just buy used in cash after a little inspection.

File: IMG_0011.jpg (70.4 KB)

>>28965243
I can only make it work if I live very frugally. I’m not actually that rich, I just don’t care for buying shit I don’t need. I am wearing a shirt from middle school, that was 25 years ago.

>>28964389
they also do it because whatever money they get is gravy
they repo the car back and sell it to the next changing consumer trend under similar terms
they might sell the same car 5-10 times before someone actually serious about owning it can keep it

>>28965263
Mighty impressive. Thank you for sharing. Just one doubt, though: you said it is a 2017 Civic, but didn't the '17 have a digital gauge cluster?

>>28965258
being an "asset" only matters if you plan on getting rid of it before catastrophic failure

A coworker bought a new tesler and when I asked why he bought new instead of a 20k used one he said that they had a used one but it was only $100 more for the new one. When pressed he said it was $100 more a month. When I asked about the actually total price difference between the two he was visibly confused and didn't know. Everything is just monthly payments for things you "have" to some people.

>>28965274
haha I'm a different person that's my bmw

2nd Chance Auto got my cousin right nigger arm Walked in with a 325 credit score and walked out with his new car for $619/month for 96 months... We outchea the weekend cuz dart board Now that you riding the Haters gone Hate. Congrats coz one hundred sweating while smiling sweating while smiling

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>>28965299
Whenever I hear someone talk about monthly payments, I assume they're an idiot and knows nothing about money.
>>28964278
Based. They never gave me a 718 allocation so I had to get a 911 instead.

>>28964275
>>28965271
>"generational wealth baby"
>"i can only make it work if i live very frugally"
Uh. Huh. 'how do you do fellow working class, i too wear old clothes'

>>28965305
I mean, while that's a huge payment each month the 4.7ish% car loan is pretty good in the current market.

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>>28964252
I had a 2 year loan once and it was awful. Not looking forward to having a mortgage but it is what it is.

>>28965324
My mortgage is less than rent, it's high but could be much worse

>>28964253
100k miles is nothing, my daily has about 336k

>>28965327
I have a lot of cash saved up and aiming for the mortgage to not be higher than my current rent too. I'm not going to go full retard like normalfags in my situation would and completely fuck themselves by buying something much more expensive because technically they can "afford" it if they max out their mortgage.

>>28964238
>How much do you pay for your car every month?
In terms of finance? £0. Three cars, all paid cash.

I do pay insurance and road tax just to have them sitting around. Then there's fuel and servicing

>>28965249
Maverick

>>28964518
Scenario a: I take out a loan for 10k and invest 10k. I get a rate of 6% and make 20% on the invested money.

Scenario b: I invest 10k and make 20%.

Who makes more money?

>B..b...but you wouldn't have a car.
This is why poots always out themselves. Literally every normies middle class family gifts their kid a car free and clear at 16. Most will even do it into their 20s for basically pocket change or free.

You're not a player stop acting like you are because you look foolish.

>>28965334
>aiming for the mortgage to not be higher than my current rent
very smart plan. my wife and I did the same and our mortgage ended up being about 45% of our rent at purchase. we've taken advantage of doubling up payments and additional lump sums to drop a bullshit 30yr mortgage to being paid off in about 12, plus it gave us flexibility to more easily afford random expenses. I feel bad for some of the kids in my department who are debtmaxxing and are just fucked on their mortgage bc they had the minimum 5% down

>>28965384
Forgot.

Own my raptor and a diesel trugg outright. Going to get a gen 1 volt next as I've wanted one since they came out and they're finally cheap enough to get as a beater.

>>28965387
Ideally I'd buy a house outright without any mortgage but everyone is just trying to outjew everyone else here. I'd be able to afford one if I were buying 4 years ago but I didn't have all this money on hand back then. The same piece of shit houses cost ~25% more than 4 years ago and they aren't any higher quality than they were back then.

>>28965408
dude, mortgage rates are stupid low. I think our original financing was mid 2s, refinanced (no, not like that) at 3.19 last year. don't blame you for wanting to avoid debt, but at those kinds of rates, you may as well try and get property before they go up even higher, especially if that's been the trend in your region

>>28965374
Why not a F150 instead?

>>28965384
Elucidate further like I'm 12 (please be patient, I'm financially almost illiterate).

>>28965384
>in my example risk is 0 because number always go up, also taxes are zero. just because
>i'm very clever

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>>28965476
It's a stupid example because they're unequal scenarios.
A takes out a loan and invests 10k
B just invests 10k without a loan
B should be paying 10k cash and 0 investing. You bought outright and have nothing to invest.
Anyone who pays for a car, house, or any big ticket item cash is retarded btw

>>28965445
>dude, mortgage rates are stupid low. I think our original financing was mid 2s, refinanced (no, not like that) at 3.19 last year.
lol

>>28965474
i was looking at a 1997 F150 8foot bed but decided against it cause i already have 3 other project cars.
i did not want a modern big truck
i already hate this maverick with its idiotic touch screens
cant out the fucker in drive with the door open.
im considering selling it before the warranty ends.

>>28965445
No they aren't retard they're 5-6%.

T. Adult with actual credit.

>>28965493
>B should be paying 10k cash and 0 investing. You bought outright and have nothing to invest.
Cars are literally free if youre middle class. Every single middle class family gives their kid a car for school. If you didn't get one you're poor and so if your family tbqhwy. That's my point.

>>28965445
Mortgage rates were low, six years ago. My bank refinanced me from an ARM to a 3.15% fixed rate at no cost because rates were so low. Now you're talking 6-7%.

>>28967191
you're literally stealing from a hardworking banker, and you're laughing about it?
really?

>>28964247
OP didn't say anything about running costs, retard.

>>28965272
The nigger hoopty racket sounds like a gravy train.
I need to find a coin clipper and get in on this.

>>28965299
Jesus.

>>28964238
$0 own my shitboxes outright

$220 for wife's stupid SUV

>>28965254
I did, of course and all the quotes were close enough to not make it worthwhile to switch. Had a little bit of a faint and crash due to a medical issue last year and somehow the insurance companies seem to think that if I'm going to drive with a risk of fainting while driving then I need to pay for the privilege. Weird.

>>28964238
About $280 for insurance because I live in a "high risk area", and about $1000 a year on maintenance. The car, I purchased in cash, so I guess I ought to calculate the opportunity cost or time value of money or whatever, but I just can't be bothered sorry.

>>28964270
I see women on bumble bragging about their 850 and I'm like how in the fuck. I haven't had a missed or late payment in over 10 years on anything, my credit cards are never in excess of 10% usage, and I can barely make it over 815.

>>28964266
I live in a mostly black area and most working class people just don't bother with a car. The majority of the ones who drive have iron rice bowl jobs working for like DSNY or FDNY or the DOE or some such infinite giebs employer where you can't get fired and all your insurance and retirement stuff is covered by the nanny state.

$0 cause I bought my BMW outright.
Insurance and parking I pay $150 a month.

>>28964247

maybe 50-60 on gas, about 78 on insurance, 12.5 for registration
The rest is probably too small to figure in, so about 150.

>>28964238
$0 to the payment jew
$350 to the the gas jew
$150 to the insurance mafia

$250 in insurance every month

>>28964238
$554/month for my Lexus and only because it's a Lexus.

Only those without lucrative futures worry about borrowing to purchase life enhancement that'll evade undue mental anguish of inferior options. Financing a Kia, Hyundai, Chevy, Ford, or Subaru under a personal loan is for the mentally handicapped. If the Ford or Chevy is for business, aka an asset, and purchased with business credit at 2% that is more acceptable.

>>28967802
That said I anticipate the day a distracted motorist totals this thing, activating my trap card GAP insurance. Then I can buy another without the borrowing tomfoolery.

>>28967744
>women on bumble bragging about their 85
You have to have 3-4 credit lines making payments for a perfect score like that.
I had a GF with a perfect score.
She just had a fuck ton of loans she payed on time.
I have a 835 score not sure how

>>28964238
No payments, but maintenance and repairs (to say nothing of fuel) for a 19 year old car are not cheap.

$70/mo for insurance
$125/mo for parking
$100/mo for gas

520 a month for a 6 year loan

>>28964238
Ive had pretty good luck with Carvana.

There is nothing wrong with financing a car you like

>>28967960
It is when you already have a functioning vehicle and get tricked into financing a depreciating asset you didn't need and truly can't afford.
Yes, if you're rich you can play the jew finance video game and invest above depreciation and interest, but it's not likely the case for most people.
I don't think that life needs to be gamified with a system that incentivizes people to live outside their means. In the beginning, it brought up the GDP significantly as more spending means more producing. At some point enough people and business owners are indebted and need bailed out, but where's the money coming from?

>>28967967
Also, I graduated before the '08 market crash. Just got a sick engr job. '09 they shut down the entire facility. All those people with mortgages, car payments, college debt, debt from having kids were fucked. It taught me to never assume the future. One market crash or injury and your income stream could disappear then you're stuck with a car that's worth less than you owe on it.

My insurance was fucking $5000 this year


Other than that, nothing but gas n maintenance

>>28967975
I have married friends who are thinking of buying homes that are over a million dollars.
I told them if one of them lost their job, they'd be fucked with a $6,000+ mortgage they couldn't pay.
Their response was "I'd just get another $150,000 a year job then"

Ya that's not happening when you work in marketing or a high level car insurance manager

>>28964238
$91 a month for full coverage with guaranteed value on 3 cars.

>>28967967
>It is when you already have a functioning vehicle
unfortunately mine is barely hanging on by a thread
I'm playing a game of how much is it worth fixing up my shitbox relative to its value on top of the balancing act of every dollar I put into it being a dollar out of funds for a new carbbut of course factor in how much money that needs to be put into the shitbox for it to maintain some semblance of value before it starts getting diminishing returns

frankly I've been burned by too many $10k used cars no matter how well I've kept up on them and babied them
at this point I'm willing to finance a new(er) $40k car, CPO at least and just drop $10k-$15k on a downpayment to try and stay ahead of the depreciation curve

Gonna get an EV soon

>>28968011
Exactly, if you really (actually) need to replace your vehicle and don't have the money to buy something outright that's totally fine. The problem is when people upgrade and go outside their means because "the monthly payment is only a little higher for this one" and such other justifications for buying stuff.
For me? Miatas. Got one for $2.2k, lasted me 11 years, 150k miles to 280k. Just got another for $4k this year and it runs great, I'd rather have it than a new car (hence, why I picked it when I could've spent $25k). They're super reliable, cheap, and easy to work on, replaced my first miat water pump 17 years ago so I know almost every bolt.
If shit hits the fan, I won't be a slave to a bank. That gives me incredible comfort. I can quit my job if it's too shitty.
But for most people, financing a basic car is fine. I will accept physical risk driving like a maniac, but not financial risk like financing just because I want something.

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>>28968032


Too ugly slow n gay to even consider


Plus they're mostly on retarded old-man-appeasing beancounter suspension


Mostly


An LCI E90 N54 335i makes a much Beter daily while also being Faster, Funner, Prettier, and Luxuriouser

>>28968040
>ridicules retarded old-man-appeasing beancounter suspension
>drives a retarded car for old-man-appeasing beancounters

I deserve to have nice things

>>28965258
It's a Spyder RS, won't lose any or little money on it if sells.

>>28964282
aside from those hideous hubcaps, that car looks like alot of fun to drive. Hope the sound system is upgraded.

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>>28968057


Which have my cars is for beancounters LOL


And what car would you reocmmend that's faster, funner, luxuriouser, and NOT for beancounters?

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>>28965305


Kek you could have gotten an actually Good Porsche for that money

>paying interest debt on a depreciating asset
What the hell is actually wrong with you people?

>>28968101


They're tastelets


Money can't buy Taste, unfortunately

>>28968101
I want to live in the moment

>>28967960
>car you like
buying an overpriced lemon of a car is one of the most common financial mistakes people make, and can be crippling long-term.

finance a car for a reasonable price that you can afford to pay off, the loan should never be more than 3-4 years max. Otherwise, lease one if you earn good money and want something nice.

saving up money for a bank cheque is best.

>>28968098
>Which have my cars
wut

8 year loans

lifelong debt

>>28964238
zero. my girlfriend bought me my car for christmas outright.

but my insurance is 340 and I maybe a 100 in gas rn. I dont drive that much desu. I have max everything insurance though.

>>28968109
>buying an overpriced lemon of a car is one of the most common financial mistakes people make, and can be crippling long-term.
I did this and can confirm. I bought a used 2011 GL450 a few years ago during the height of COVID when prices were omega inflated. But I needed to replace my old Taurus that needed $7k in repairs to run safely. Had I known that I'd put $12k in repairs into my GL450 in the following 4 years plus get stranded three or four times, even on vacation, I'd have just fixed the Taurus.

Just insurance and gas. $196 for insurance, with good coverage and collision. About $100 in gas a month now.

>>28964243
extremely antisemitic post. you just did a micro-holocaust

>>28969151
why wouldn't you just pay insurance yearly in a jump sum, it's a lot cheaper

>>28968956
absolutely everyone knows that old premium suvs will have issues. You sound retarded

>>28969176
I bought it when I was young and retarded. Now I'm older and still retarded, but at least I know better.

>650 a month
>add 200 a month principal-only
>use cash to invest
Rough prediction of at least 900/month stock dividends plus some capital appreciation beats paying cash upfront. I'm beating VT ytd, with more money than I could have invested had I written a check

I don't know where to ask this because the car buying sticky is locked but I have a chance to buy a car from a guy I know a bit under market for what it is (I think). 2019 GMC acadia SLT-1 115k miles for 10k. Are these pieces of shit?
My current car is a clapped 2012 chrysler 200 most basic trim with significant rust on the rocker panels into the frame, needs suspension work, ac stopped working (likely something in the ducts), has 225k miles. Not worth repairing in my opinion. I live where they salt the road so anything nice will just die faster.

>>28969173
Perhaps he just broke it down to monthly for the purposes of this thread, like I did.

>>28969316
>Are these pieces of shit?
All unibody GM's are utter shit. The body-on-frame trucks are mere shit.

If that one has a 3.6 I'd say avoid since they still like to wear out timing chains here damn near 20 years later. This gets you lack of power, stalling upon acceleration, and the infamous P0340 code. Further the transmission is the 6T70 on either the 4 or V6 and it's biggest issue seems to be that it likes to burn the fluid which then causes valve body and planetary gearset wear due to depletion of ant-wear additives and torque converter judder. It's suggested by enthusiasts that 30K fluid changes are best practice to get one to live past 100K which is absurd.

>>28967236
No banker has ever worked hard

>>28969316
If they didn't have the "shift to park" recalls done, avoid

>>28969336
>>28969367
Thanks. I'll look into the recall. Sucks about the transmission, I dontthink iwant otdealwith that but a fluid change every 30k doesn't sound like the worst thing but yeah it feels stupid when whatever the fuck is in my chrysler probably has never been touched and evidently outlived the body

>>28964238
>How much do you pay for your car every month?

>2022 Tesla Model 3
>$780 for loan
>$150 for insurance
>Maybe $100 for charging per month, probably less

This was my first car I ever bought new. Only a year and half till its paid off and I have that money back in my pocket. For comparison here is what I was driving before

>old shitbox toyota corolla hand me down
>$700+ for gas per month easily
>$80 for insurance
>$??? for constant repairs

I literally couldnt afford to keep a shitbox. It was too expensive and unreliable and that was my third one in the course of four years. If I had bought a new ICE car I would have had a car payment AND had to pay gas and maintenance for things like oil changes. Although I do admit I could have gotten a nissan leaf if I really wanted to MAXIMIZE my economy but its cool I like the Tesla a lot

>>28965384
>Scenario a: I spend $300 on groceries a month and invest $300. I eat the groceries and make hypothetical interest on investments that I never pull out because "DIAMOND HANDS!!"
>Scenario b: I invest $300

>B..b...but you would starve
This is why fatties always out themselves. Literally every normies middle class family has their children living under their roof well into their 40's just to save on food.

I wanted a Tesla I signed a 72 month loan
Simple as

>>28964238
>2021 Kia Forte
>fully paid off
>$60/mo insurance
>less than one tank of gas a month so I guess average $30/mo?

>>28964532
>Fast pay a home that has an interest rate well below inflation
I mean there's perks to a point but it is a certified bad move. The point of debt at low rates is that the lender is actually losing money on the deal and you should be taking any surplus to an asset/investment that pays off. That's a cheap house tho and a pretty large down payment. I did 200k on mine for 850 but that was to avoid PMI. I'm locked in at a 2.9% rate and I feel 0 need to pay it off early (for now, I'm growing my passive income earnings, if I nail those I'll probably fast pay off the house just to be free)

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>>28967744
>I see women on bumble bragging about their 850 and I'm like how in the fuck
Credit score is a metric for credit companies to see if they should lend you money. Being on time and paying every month are the biggest impacts. The rest of it is literally just play the game. If you're still having issues you're most likely too young (age of oldest account >= 10 years unlocks the last of the range). But companies like to see debt, that's a sign you can manage multiple accounts

>t. Got this credit card while unemployed and earning $0. Credit score went up on creation

>>28970645
once you realize your goy score is just a matter of how much profit they can extract from you, you stop caring so much.
for me, having my score drop when i paid off a loan was an eye opener.

i see now why usury was regarded a sin. The ideal case for the lender is permanent indebtedness, as in they want you to always have debt, forever and ever, as much as you can reasonably pay.
>debt is a tool
it's only by COINCEDENCE that the lendee benefits, sometimes.

File: jarvis.jpg (118.4 KB)

>>28964282
>Jarvis
Top kek.

>>28970645
>Credit score is a metric for
Just shut up...
It's a Black Box.
PERIOD.
It's a Mafia.
PERIOD.
It unfairly includes an unknown amount of non-public information that was collected via nefarious means.

>>28964238
0, I payed in full. Going in debt for a car is retarded.

>>28964238
Bus pass is $10 a month or $65 a year.

>>28970652
Acksually debt has been used well for a long period of history pre Bible. What has gone wrong is that we have immutable records now and they are very cheap. Look up where wiping the slate clean as a term comes from. In the modern age usury is a core component of the economy so if you don't learn to use it, you lose advantages that make you more effective. Debt is and always has been a way to secure continuing payments, but in an economy that's literally designed around an ignorance of credit is a disadvantage. But in terms of humans, typically it's an advantage due to how poorly humans manage their finances

>>28970677
No retard it's not. They literally explain each portion and how it contributes. You are an actual brainlet https://www.experian.com/blogs/ask-experian/how-is-your-credit-score-determined/

>>28970677
Sounds like you're just upset yours is shit.

>>28970749
Additionally for you debtmaxers out there. https://www.experian.com/blogs/ask-experian/credit-education/report-basics/fair-credit-reporting-act-fcra/ you can literally point an AI at this and ask you the best way to take a loan, declare bankruptcy, keep the asset and then recover 7 years later

>>28970749
well my point was that optimally
>lendee: gets access to capital / whatever sooner than otherwise possible with paying up front. (this is okay)
>lender: keeps their paypigs perpetually in debt, constantly extracting some shekels from them, forever and always.

These two are in direct opposition. the lender has every single imaginable incentive to try to trap the debtor in a cycle of perpetual debt and interest payments. And they do this; by every single imaginable lever that they can snake their talmudic page flipping talons around.

>>28970759
While this is true the cycle has been noted before Jesus even walked the Earth. In addition to that irrevocable debt was one of the founding reasons for the USA as well. Most people just literally don't understand credit or that we can apply governmental levers on financial players when they fuck up. For example in Babylon credit was an absolute necessity for the agrarian economy. If issues befell the farmers debt could quickly spiral into unfixable levels. During this period it became common for new kings to issue debt amnesty (wiping the slate) and thusly free the economy for another cycle of boom spending.

You are noting an issue in our structure where our incredible stable society has reached intense and impossible levels of debt accounting and every portion of our economy is being shook down for margins. The lack of a general debt amnesty is causing major issues and that's why so many people feel the way you do.

But they also completely ignore that the US has mechanisms to help with these, but they are unwilling to use them (i.e. bankruptcy which previous to existing meant your ass was going to prison).

>>28970749
>>28970750
>Sounds like
You're a moron...
>They literally explain
That's the public facing portion of their business.
You'll never be privy to the Back Bax algorithms or the actual Components.

retard

>>28970869
>call it fair isaac
>literally sue to keep the actual algo secret
with hebrews, you lose.

>>28970645
My oldest account is probably older than you, I suspect the real reason is I just don't have a diverse enough credit mix. If I want to brag online about what a cool hustler I am, I need to add an auto loan and a HELOC and that should get me up to 850 range.

But really anything over 800-ish is good enough to qualify for the best rates on anything, if I were to apply for a loan where the interest is based on my credit score. I don't think there's any situation whatsoever where actually bothering to borrow money for the sake of FICOmaxxing actually makes sense.

>>28970639
There's 0 reason to pay off a house early when you can be enjoying +20% in the stock market the last 4 years. I can pay off my house right now from the gains I made this year but it's so pointless. Pay long term capital gains just to lose your cheap debt?

>>28970876
>call it fair isaac
Bingo, thanks anon.

>>28964374
The conservatives passed the Patriot Act and scum like you voted for it.

>>28970927
He is literally saying he doesn't agree with that you mouth breathing mongoloid

>>28970767
>Most people just literally don't understand credit
Gee I wonder why that is.
I wonder why Jews don't want the Goy to be better with money

>>28970927
>biden invited 20million brown pieces of shit into the US
>progressive FAGGOTS like you voted for it.

i hate you 'people' so much it is physically fucking painful.

>>28964238
Nothing. I just bought a 201X suv with less than 100k on the engine for 3.5k. I even got a bargain on the registration because they listed the price for 1,200.

>>28969336
IIRC the timing chain stretching was an issue in the LLT which the stopped putting in the Acadia in the 2016-2017
the 2019 should have the LGX IIRC

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>>28969479
>$700+ for gas per month easily
were you completely filling the tank every day?
what the fuck???

>>28970891
>implying i dont have money in stocks/investments

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My little truck cost an extortionate amount this month. Broke the fanbelt out in the bush. Luckily I was running the lights, wipers and AC, so it ran out of charge before a major overheat. Had to get it towed and a new belt installed at the tow truck driver's shop. Cost Au$300. And it was time for annual registration at Au$644. Phew.

>>28964238
If car payments, none. 15 year old luxury car that I saved over 90% on.

Gas? About $150/mo.

>>28964238
I wonder how many people finance cars. I understand financing a house, but cars? Come on.

>>28972014
There seem to be very few Acadias on the road compared to a decade ago, probably because they were and are utter fucking shit.

>>28972519
cute truck bro
(no homo)

>>28964365
>have paid off car
>dipshit DOOR DASHER runs you off the road
Happened to me two days ago. Woman rear ended my car, first thing I thought was, "Damn it, insurance is going to total my car."

Started car shopping while in the E.R., and in 24 hours, got a really ugly (but mechanically pristine) minivan for $2210 OTD.

The insurance adjuster hasn't even called back yet, but I have my backup car ready to go. If I am to be made whole, the car market will ensure that the payout is nice.

>>28972871
i'm sorry bro, that really sucks. hopefully you didn't get banged up too badly.

>>28964238
2 cars 0 dollars the way god intended.

My last car payment was $166/mo

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>>28964238
Nothing. I put $150 to $250 each paycheck in a certificate of deposit at 5% for the better part of the last decade and just used some to buy a 8,000 mile CPO Jetta GLI outright. 37mpg and the warranty goes to 125,000 miles. Will buy a 535d as my next daily soon to replace it.

Also own an XJS I paid like $4k for as a project and a Prado/GX I never drive.

>>28972903
I was more annoyed than anything. I was really hoping I'd drive the car to 400k but the adjuster will likely total and tow it. The lady is 100% at fault.

I had 600 pounds of cargo ram into my seat when she hit the car, so that didn't feel too nice. Still, not too banged up if I can walk and lift things, even if I'm sore.

The replacement minivan works great. As for the woman, the hitch I installed punched her radiator core, so if she's still driving on that, she's going to blow up her engine by next week.

>>28964278
I make more than twice that salary and I'm still not dumb enough to pay over 3k a month for a fucking car.

>>28964238
These have to be satire, right?
I mean, it's not real, is it?

>>28964278
>Life is pretty amazing when you just assume youre gonna die when your 60.
I cannot do that, as the family routinely dies over 100 years and the spirits say I die in my nineties anyways.

>>28973865
Same, even those that drank and smoked heavily. Even those that broke their spines and my great grandpa who survived getting blown up in WW2. Not to 100, but I don't think any have died under 90. The earliest I can remember off the top of my head was 93

File: IMG20260529213039.jpg (3.0 MB)

>>28964238
Absolutely nothing, i don't finance my cars, nor is it a common thing here in Europe.

>Tesla Model 3 Long Range
>C5 Z06 Corvette
>Boosted Miata

Total insurance for all vehicles (All risk/full coverage) is like 120 bucks a month, combined. Fuel is the big one since it's like 12 bucks a gallon here but that's why I have the Tesla as my daily and the Miata/Corvette as fun cars.

I seriously hope no one here is a retard that finances a car for over 60 months at more than 6, 7% apr.

>>28973829
Yeahhh. I made about $580k last year and my car is $680. Couldn’t imagine that much.

should i pay my house off early bros?

my mortgage is basically nothing (1400, which is less than the shittiest dump you could find in my area, for a nice smallish house) with a rate of 4.5. i make 88k base. in a few months I'll make 98 and about a year after that it'll go to between 102 and 104. that's all before copious ot

on one hand the mortgage is my single biggest expense (imagine having any car payment, lmao) and it would be nice to save all that, especially when i turn this into a rental eventually and it generates money for me. on the other hand someone made the point that my rate is so far below current rates and inflation that it makes no sense to even bother paying early, especially given my raises, as the mortgage will represent an increasingly small fraction of my salary over time

>>28975438
i dunno, the faggot finance gurus here will tell you to invest it.
but they ignore risk, and they ignore taxes.
Paying off your house early protects you from a market collapse (it will come, at some point.) job loss, etc etc. And truly, how much of a spread would you need to get between your mortgage's rate, and investment gains to offset capital gains taxes anyways?

For me, I'd pay it off, the peace of mind that comes from being debt free is priceless.
>t. 2.8% mortgage holder on 260k. who'd pay it off in a heartbeat if possible.

>>28975294
I'm not saying own a beater, just don't blow 20% of your yearly income on a car.

>>28964238
No monthly payments.
Monthly fuel cost though basically makes it feel like a small car payment, damn low mpg 4runner.

>>28975438
What’s your rate? If it’s something like 3% there is no reason to pay it off. Just invest that money.

I know these are fake memes but people do unicornically get loans/cars like that. maybe not to that extreme, but it's definitely real. I don't think they really give a fuck though because it just gets repo'd in like 2 months so they only end up paying a few hundred bucks to beat the shit out of it for a while.

I pay $120 in full coverage insurance with medium-high payouts or whatever they call it for everything. I have something like 12 tickets, 2 felonious, and it's a common drift car so eh, not bad.
My state registration, ad valorem, and taxes is less than $1 a month.
$0 car payment, paid with a check.

>>28975739
These are not fake memes. Mostly. What you're describing is those companies' entire business model.

They know very well that the customer is probably going to make 1-3 payments at most before it gets repo'd, that's why the payments are so high. They will easily recoup the actual retail cost of the car with every customer that "purchases" these fine automobiles, before they get towed back to the lot to get sold to the next sucker.

>>28975754
people alter the social media posts to make it even more crazy, or outright make them up entirely with a re-used picture. I've done it myself for lulz before

>>28975764
First of all, how dare u

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Paid off

>>28975438
Maybe. Under 3 definitely don't pay it off. Mine is 2.75 and I can put money in a 3.6% money market or Treasury bills. Literally free money. I have 700k left and can pay off right now but there's 0 reason to.
4.5 is a maybe for you. I would still rather invest but there is 0 chance I lose my job.

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>>28964238
n o n e
I've paid 16k, cash

>>28964238
>03 Acura CL Type S 6-speed
>02 Miata LS 5-speed
>06 Nissan Sentra SE-R Spec V 6-speed
>90 Kawasaki EX-500
>11 Honda CRV-SE
Costs:
>$380 for 6-m of insurance (only the CRV/Sentra stay insured for the entire year bc winter, whereas the policy drops to $150~) so yearly average around $530~
>$298/year for registration for all vehicles (always claim sub 1000 miles done on each bc 5 vehicles)
>$1500-2000 year on maintenance across all vehicles, this does not include my time in my hourly wage for hours worked repairing vehicles because it also constitutes a hobby
>$2400/year for my storage unit/garage
>I cannot reasonably estimate my fuel costs as they vary by wide margins due to fuel price and driving mileage fluctuation

overall about $5200~ before fuel prices, probably around $7500 with a low range estimation for fuel per year in total costs. This is still below the 10% of my yearly salary that I allow myself to dedicate to transportation costs, and sometimes do things such as preventative maintenance or purchase an extra set of wheels/tires which could raise it.
>>there are people in this thread who think car debt is a good thing and will try to convince you, and themselves, that their payments are justified, but also seemingly never factor in other costs, like >>28965252 that the interest on a 5-6% loan on a car has better average returns that putting money into an mutual fund or capital investment.
You faggots aren't Warren Buffet, you're likely a college dropout with extensive debt that you've already conceded to continue imposing on yourself because you've never known anything else your entire adult life

>>28964238
nothing. my cars are all paid in cash. i did however take a loan for a snowmobile this winter and i pay 300€/month for it. no big deal i pay 500 or 600 a month it will be done in half the time.