why are most cars bought with financing?
>>28888102Because most people are living outside of their means and have little savings
>>28888108So why don't they get a cheaper car that they can afford?
>>28888102Most people can't save and it's the whole reason financiers exist in the first place
>>28888118You don't get it, most people CAN'T save, shiny new toy always finds a way to curb the existential crisis of modern man until the next shiny new toy. If they could have any patience to save, they'd have the patience to save for a less cheap car and upward. The modern man consooms, he does not save, he let's the financiers save for him in advance... at a cost
>>28888118$200 a month is cheaper than the repairs a 150k mile car would need to be anywhere near as reliable
>>28888118Capitalism
>>28888126This isn't true at all lol what the fuck are you talking about
>>28888129How so?
Women and jews
>>28888102Because Americans.
>>28888124Most people cant save when they have to have a shitbox in the first place to take them to where they can make the money to buy the shitbox in the first place. And when they do finally scrounge up enough cash to pay for said shitbox, they now have to pay sales tax, property tax, gas, insurance, and tons of maintenance if they did the "responsible" thing and bought used. Buy new, and you're now tens of thousands in the hole because you pay a premium for the *hope* that the manufacturer will cover any bullshit expenses that inevitably result from the damn thing blowing up. And you'll never be able to relax driving it because you cant go anywhere in this shithole of a country without destroying your suspension or being around groids and browns who cant read or understand traffic laws. Those property and sales taxes are being put to good use adding more lanes and interchanges that will inevitably back up in a few years, while letting the existing infrastructure decay to a Swiss cheese of potholes.Dependence on these stupid fucking things is the biggest impediment to wealth creation for the average person. I fucking hate cars, mechanics, tire shops, the auto industry, and all that they represent.
>>28888172Based for holding that opinion yet still visiting /o/
>>28888160most cars in europe are bought with financing.
>>28888175it's not that radical an opinion when you consider that most of /o/ also hates all cars except a handful made by their favorite corporation
>>28888160T. Europoor
>>28888102Find enough cash then walk across town with it and then buy car.Car dealers aren't equipped to count piles of cash these days.Try piling bundles of 1000 in front of someone when discussing price. All good fun.
>>28888183T. EurorichDeal with it.
>>28888102The average normie is very, very, VERY bad with money. They see how much they can pay per month/2 weeks and roll with whatever cuckmobile gets approved by the bank. The concept of saving money to buy a car (or anything for that matter) is completely alien.
>>28888126I've never owned a car with less than 150k miles.
>>28888102Because a certain group hoardes most of the planet's money and distributes it mainly through usury, and not wages.
>>28888235What are you implying?
>>28888184give cash to bank -> get check from bank -> buy car with checkno need to walk around with twenty bands
>>28888175Don't get me wrong, I can appreciate the engineering aspect of them. It's just profoundly infuriating how we are just expected to accept that our livelihoods hinge on such fickle things that invariably rot away after a few years while boomer chastise us for having the audacity to not want to spend 2 hours a day riding in an uncomfortable death trap dodging potholes and oblivious fucking retards who cope with making the bullshit commute by distracting themselves with netslop. And most jobs dont even need in person attendance, but once again boomers ruin everything because they assume everyone can afford to live within a 15 minute commuting distance from the office. They snagged up land for cheap before the groids and immigrants proliferated like rabbits and crowded out even the flyover parts of the country.
>>28888102Because a car is an investment.>noooo it's a depreciating asset!If you're a loser, yeah. But human beings are inherently social animals. Your car dictates your success. Present yourself the way you want to be seen. It's that simple. If you ask me for a job, and you show up to the interview driving a rusty shitbox, go ahead and keep driving. Don't get out, don't even stop. Just go ahead and drive back home. I've seen all I need to see. This is how the world works.If your car isn't paying for itself, you're doing it wrong.
>>28888274My paralegal drives a crappy old car. So do I. So does my former boss. I don't know how you run your business, but if you're that shallow, I can't imagine you'll run it that way for long.
>>28888102because of this guy
Why would I drop a ton of cash when I can typically finance for sub 1%?
>>28888249Truly, everything is worseI yearn for cleansing fire
>>28888126Bullshit. Owned my 2001 vehicle since 2015 and I've only once spent $200 in a month in repairs. Most expensive month ever was a new in tank fuel pump and that was about $200. Only other repair in ten years was the accelerator cable and I DIY'd it. Of course I've put tires on, done the brakes and serviced it, but you've got to do that on everything.
>>28888274>Present yourself the way you want to be seenI have a couple of friends in real estate and they need to do this, as they're meeting new people all the time, but it makes no difference to me. My customers know I have fancy cars and don't need to see them on the road all the time. I drive a clean old truck as a daily.
>>28888191The only rich people in Europe are the Jews or their dancing monkeys
because modern society is structured around debt slavery. they want you in debt so you keep working
credit is free money bro
>>28888102Do you have 30K cash?
>>28888429>1%>in the last 5 yearsNo.
>>28888249Cars are really not fickle and they don't fall apart in a few years.
>>28888274If I see a contractor in a big or expensive car, I'm inclined to assume that he will fleece me, because this car has to be paid off somehow.If I see one driving an old shitbox, it actually strengthens my trust.The "social" aspect of cars is probably mostly the owner's own pride, because you usually can't take your care inside a building.
>>28888126>$200 a month is cheaper than the repairs a 150k mile car would need to be anywhere near as reliablenormalnigger math on full display. now add in the cost of full coverage insurance on a financed vehicle and the fact that a payment will likely be more than $200/month.
>>28888124I can't save either. Had less than 6k in the bank for a while and it's going down every time they raise the prices. Nobody is giving me a financed car. I can't even get a credit card.
>>28888102Cars are seen as an expense, financing is seen as a "rent to own" payment method, same as furniture and phones etc etc
>>28888249Same. I wish public transit was the norm, so english roadsters could make a comeback despite being unreliable garage queens. I wish Triumph TR6s weren't so expensive here.
>>28888861NTA but iirc full coverage insurance is only like $20mo more if you're like 25+, live in a relatively safe area, clean driving record, et ceteraand accounting for income lost because your car randomly had problems one morning is something that new cars are less likely to cause you
>>28888909+ better MPG too
Because financing was/is cheap money. I had money to pay it off but stock market has returned 20% last 3 years. This year is down but the past makes up for it.Had 0% down in 2021 and 4.5% in 2024 and the returns are way more than the interest paid.
>>28888883as dumb as financing a car is, financing furniture and phones is infinitely worse.
>>28889056no it isn't and you probably can't articulate why you even think that's the case. financing at 0% is free money. the only possible argument you could have is debt:income ratio when getting a mortgage.
>>28889068people end up over leveraged because they are goycattle too dumb to live within their means when offered the opportunity to buy a snazzy new anything for a “low” monthly payment.>financing at 0% is free moneyThese people aren’t investing the money they would have spent buying a coffee table, they are buying a coffee table three times as expensive as they otherwise would have. same with phones. why buy a $200 android phone or hold onto your current phone for another year when you could have the latest iPhone for only $50 a month for 2 years.>inb4 yeah but I’m built different I think to invest the money and I can consistently beat the interest rategood for you but understand that it’s the exception to the rule and inherently risky.
>>28889106yeah obviously, but that doesn't mean it's dumb in general. it's smart if you yourself are smart. if you invest your money then it's in your best interest to never buy expensive things outright. if you're like the person you just described then it's just inviting trouble.it's just a matter of whether you understand money or not. cash is not meant to be sitting around. it's designed to be used pretty quickly.
>>28889122But then you have to drive some faggy eps-clad, touchscreen ipad-dashed BULLSHIT with a hilariously HUGE suspension that you can't even MODIFY because you don't actually OWN said bullshitsLife's too short to drive stock cars that aren't the perfect-out-of-the-box Sacco era Benzes or STRAIGHT 6 E39snew cars are mostly for girls, by the wayMostly
>>28888717Not that anon, but who doesn't?
>>2888913299% of people just want an appliance. cars haven't been cool since the 1990s
>>28889155I do not concern myself with the qualms of mere mortals
>>28888102Because if I have 40 grand for a new car and I spend 40 grand on a new car in cash, i get a depreciating asset.If i invest that same 40 grand from my tfsa and I get ~8% a year back on my investment thats 3200 a year extra money. And instead of buying cash, now if I finance a car for 40 grand at say 5% i still get money back had i just bought it in cash. The real trick is to not be retarded and blow the money, you have to invest it. Tldr: Opportunity cost.
>>28889171I would literally suck the pigment out of the skin on her toes.
>>28889132>t.
>>28888102You are required to own a car to work in the Israeli States, and most people are rather poor. They must borrow even for meager cars.
>>28888845based knower
>>28889195you truly unironically believe that this is why most cars are financed?or did you forget the op question entirely just to let the thread know how much of a financial expert you are?
why would i pay cash for a car when i can borrow at 6% and get a 10% average return in the stock market?
>>28890201Op asked why would someone finance a car when they could just pay cash. I gave an example of why someone would finance a car instead of paying cash.
>>28888102Usury.
People like being debt slaves. Imagine not spending a few thousand in cash on a hail damaged car that is otherwise in great mechanical condition and only paying $60 a month for insurance. Imagine being susceptible enough to (((societal standards))) that you intentionally lock yourself into a 72 month contract with 30% interest just so you can drive a nucar with an ipad dash that needs an engine after it's paid off.Couldn't be me.
>>28888124you are underselling the issue. If you dont keep up with the Joneses, the Joneses will kill you. This is evolution at play.When you ask "why dont people....". The answer usually is people did, and those people died. Who you see is whose left.
>>28890493ware find hail cars? sounds like a good way to get a reliabru sheissb0x to cummute 2 werk
>>28890504Auctions and shitty dealers. There was a used dealer near me for a while that sold flood damaged cars that he'd shipped from places like Louisiana and Florida.
>>28890504auction yards, thats where they end up after the insurance company totals it because boomer has to have NEW SHINY THING
>>28888422>Shekelberg forced me to buy a car I can't actually affordNobody held a gun to your face and made you sign that lease agreement on that $82k BMW shitbox. You did this to yourself, and you're too much of a retard to admit it and correct your self-destructive behavior.
>>28890493Well here's the issue anon a lot of these people are bad with money AND bad with wrenching. They likely also don't have much space for tools or to work. I know, I know. "SKILL ISSUE" but it's true most normies can't cope with that shit. Funny enough it takes a lot of skill to own a used car when it's 30+ years old even when it's from a reliable brand.
>>28890501Counter argument: The worst they'll do is call you "brokie" behind your back on the internet.>inb4 you'll never be hiredCounter argument: Nepotism>inb4 what if you don't have family and friendsCounter argument: not my fucking problem loser
>>28888172>I fucking hate cars, mechanics, tire shops, the auto industry, and all that they represent.I do think building entire civilizations entirely centered around cars is stupid as fuck, but have you heard about realtors, mortgage brokers, mortgage lenders, building codes, zoning laws, and building inspectors? Real estate is bullshit like the auto industry but amplified by 10x and yet actually much more of a necessity of life.
>>28890586Have you been on public transport? That shit is a nightmare in the modern era.
>>28888102When paying for a car without finance my bank assumes someone is being held hostage.They wonder if they have to get the big box of marked bills out.It's a pita but rules are rules.
>>28890592I have experienced public transport, I was tought to ride motorcycles by a bus driver (that guy had large skill set). It's a dirty job but someone has to do it.
>>28890586>I do think building entire civilizations entirely centered around cars is stupid as fucki don't really see any other decent alternatives though. it's not necessarily cars, but trucks that we've built our cities around. you need something that can do the last mile delivery, and vans and courier cars can only carry so much, when you're delivering to shops and businesses it's typically a semi trailer that gets loaded and unloaded at a loading dock.
>>28890647For the thousandth time, shut the fuck up with your "but muh trucks" obsession. Trucks being used for the last mile delivery to stock grocery stores has been a constant for the entire 20th century, yet not every city looks like fucking Houston.
>>28889035This anon gets it. I ran similar numbers. Buying the car outright would save me on interest but the loss from not investing would be harder. This equation becomes even more insane when you can just lease a car for cheap and put that pile of money in the stock market. The lease basically pays for itself.
>>28888102poor people dont have the moneywealthy people have most of it invested and it's actually better to have current money invested and pay with low interest than just pay in full
>>28888118There isn’t one because then the companies wouldn’t make as much moneyPoor people need to exist for rich people to exist
>>28888124Look at this spineless cuckold gaslighting on behalf of a rigged system
>>28888249Based
>>28888274Yes we get it you have a small dick and need to play the game to survive
tax shenanigans or stupid poors
poor people do it because they are dumbrich people do it because they are smart
