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TopicEvery time I go to buy a car I just think...man what a waste of money
pinky0926
04/23/24 4:59:39 AM
#1:


Like there's just no way around it. Say you want something decent.

You can buy it outright and lose the least amount of money over time, if you happen to have I dunno, $20k sitting around that you don't want to spend on anything that will actually grow your wealth.

Or you can get a loan and lose thousands of dollars over years for an "asset" that is just a money pit that is losing value all the time.

That's the best case scenario. Another scenario with a pretty high probability is that your car develops some major fault that requires scrapping or a major overhaul and now it's tens of thousands down the drain.

The less risky option is you get a car lease, and also the most expensive option. And I hope you don't actually like driving or using your car much.

So then if you're fiscally conscious you decide to go with an absolute banger. You buy it outright. You deal with having a shitty driving experience every day, you absorb the frequent mechanics bills knowing that it's technically less money than you would be paying on a loan. Every day sucks this way, but at least you saved some money.

Whatever option you choose you're going to be paying it off for years, and the excitement over your new car might last 3-6 months. After that you're just putting $300 dollars into the ether every month for this thing you've grown bitter about.

God damn I hate buying new cars. Hate hate hate


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