You got a section?

REAL

Y’all dead paying a 30k car in cash instead of putting that in stocks or buying a house

Imagine paying your car cash then getting it totaled. You f***ed after that
At least with financing and Leasing you get gap coverage and other warranties

I'm not a car guy id never go in debt for one so i just bought used with cash

Bought it in cash

U broke ass niggas can’t relate to that tho

You sound broke as f***

i only bought one new car and i paid cash

You need to tell like 80% of the population this

Niggas legit be paying 500 a month for a car that’s only gonna lose value

You’re dumb. Why would I use my own money to buy a car when I can use someone else’s for like 2% interest and go make money with my money.

steal

I really don't see why folks wouldn't just buy an older, used model and use the rest of your money into other things, but that's just me.

Some of those new features and luxuries on new cars do look real good though.

Only broke people think debt is bad.

Can literally be used to your advantage

It depends how much you get out of having a new car in terms of joy.

If the car is $10k or lower, then I pay cash otherwise I finance.

No reason to throw down $20k-$30k at once on a car when you can invest it in something else.

Cars are depreciating assets and their life span is short enough that money invested elsewhere would hardly compound by the time you need to buy a new one. going into debt to buy a car is never smart.

Calm down Grant Cardone.

tell me youre financially illiterate without telling me youre financially illiterate

finance your car and allocate that capital you wouldve used to buy it to appreciate enough to the point you can buy that car twice over

buying outright is an idea that rich people impart onto the middle class fool as a sign of wealth when its not

Buying a car outright THAT YOU CAN AFFORD is always the best financial decision. People just dont always do that because they get joy out of having nicer and newer things.

The only thing worse than buying a new car, is leasing a new car

This isn't always true.