People who buy cars with cash outright are subhuman.

[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 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

[Gizzyhardcore]

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.

[AmGodBrah]

In on tradies coping thread

[ButcherSir]

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

[Tornach]

Only poor people finance cars

[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.

[SeymourGains]

id like to hear more from samsbolton on the matter

[SkepticalOne]

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.

[BustaCapp]

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.

Only poor people finance cars

You travel by bus.

[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

[BrahPlease]

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

[DoctorKazama]

brb, going into debt for a car...LMAO

[deadhead6391]

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.

[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

[8eggs]

poverty crew checking in

$1500 rust bucket crew

[samsbolton]

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.

[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

[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

[BustaCapp]

Basically this. New cars are one 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).

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.

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.

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!!!!!!

[krioro]

My car is an appreciating asset.

[BustaCapp]

My car is an appreciating asset.

[img]http://i.imgur.com/iklTDJJ.gif[/img

Most cars aren't though so fuk off.

[AlwaysFocus]

I owned 3 vehicles umad

2 I bought out right

[AWillis]

i'm here for the tuna

[krioro]

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.

[krendan]

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.

[Kev1972]

Borrowing money > using your own money.

Said no one ever.

[Redfish225]

[samsbolton]

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.

[Gizzyhardcore]

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

[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.

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

Ok. Tell us the deal you have on your vehicles and the misc will tell you how smart you have been. Srs.