>>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

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>>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.

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>>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.

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>>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.

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>>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.

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>>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.

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>>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

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>>28965257

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

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>>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.