Why are normies so bad with money?

I would vandalize the shit out of those cars

subprime used car loans are supposed to be the next 2008.

>Taking loan for anything
How to own a house without a loan?
Don't want to contribute to the loanjew

A mortgage for a house is alright, land is an appreciating asset and isn't going to go anywhere. A loan for a car is daft unless it's very much within your disposable income.

> disposable income
> loan

Pick one (unless you're stupid).

I can empathize with a car loan specifically if you need it for work and back.

But $1,500 (3x the downpayment) could have landed you an old civic, corolla or even a Taurus.

Instead a fucking 15 year old buick suv (bad on gas, expensive repairs, unreliable) with WEEKLY payments as much as a 2013 Camry payments would be.

Like every mistake possible to make

used car salesmen are clickbait in human form.

loans can make sense over paying cash if the interest rate on the loan is less than your investment gains on capital

like if you could get a car loan at 1.5% per year but you had your cash sitting in an ETF gaining 12% per year on average it would actually be better to get the loan rather than pay with cash

>$1,500 (3x the downpayment) could have landed you an old civic
you can't find an old civic in decent shape for that amount. a muffler costs $100 dude

> thinks you put it together piece by piece

dallas.craigslist.org/dal/cto/d/silver-honda-civic-2001/6622937977.html

my point was that it's an absolute beater at that price
176k on the clock and there's no way that thing isn't absolutely falling apart

Man I have a 2004 Camry w 160k miles.

I'm always passing 2014 domestic cars broken down on the highway. Would pick that civic for reliability way before a buick suv almost as old

Sounds to me like the used car place gave them the loan. In that case they can hold the title until it is paid in full.

It's not just that they're bad with money, its that they don't have money to begin with. And the poor pay higher rates to get loans on shit cars... it's a vicious cycle.

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Disagree. I know several people who make 100k a year with tenure and union protections and they are still in debt and got pressing money problems. But oh they are redoing their kitchen again for the third time. They are just bad with money and only look at short term impulsive financial choices.

This guy bought the only thing his subprime credit could afford and expected the AC to work. That's mistake 1.
>If the car had working AC it would cost more and be worth more than he could afford

>they offered to fix that, but didn't
Clearly more going on here than what is being said. Buy here pay here dealers usually offer service on the turds that they're selling to keep the customer's paying. I'm guessing there was a scheduling issue. Anyone that is making weekly payments to a buy-here pay-here is guraranteed to be low IQ. Smart people don't have bad credit unless they have some serious personality disorder. >Credit scores are better judges of character than IQ tests
I mean this in the broad sense. Once you're over 28 it becomes more accurate. People who cant do personal finance will talk in circles, misunderstand basic concepts, are extremely naive, and externalize all of their problems.

Mistake 2 is that he missed a payment at one of these places. In the terms and conditions that he signed it says that they can reposses the car. Here's the kicker, if you can't set $66 aside every week for the machine that gets you to your job and house, then your judgement cannot be trusted. I deal mostly with prime customers. I'm a top 3 salesman at a large dealer. The customers that have cars from buy-here pay-here lots (the dealer stickers are on the back) are the biggest time-wasting fools that exist on a parking lot. You cannot imagine how entitled these people are about both the car they deserve. These people always smoke, have kids with many different people, do not take care oi f or preserve any of their personal property, pay no attention to the well-being of their own children, and generally have the mind of someone who is about 15. The fact that anyone would finance them (big banks won't, unless it's KIA, Nissan, or Chrysler) is a miracle.

It's some average joe that's personally assessing the credit of each subprime that walks into his building.

>you don't get the title until the car is paid for
I'll give the guy a break and assume that he's waiting for his paperwork to register it. You don't need the title. That typically takes two weeks. He missed 1 week of payments (the first week), the paperwork wasn't ready. Kek.

I'm serious when I say this. There is a very noticeable IQ drop somewhere around anythung below a 600. These people are only good for turning usable food into shit. I could tell you that Jow Forums radicalized into being aware of the menaces in society, but frankly I just happened to meet enough of them to recognize a pattern.

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Read "Tales from the dealership" by Longpost Guy. There's a pdf available, google it. Highly entertaining.

t. zero hedge

Found it for (you)'ll
82.199.155.15/pdf/Tales From The Dealership.pdf

haha sweet, love pivin in entourage, going to check this one later!

How much is that PoS even worth? $4k for the first year & 3.5k/ year after seams like alot. Is this a lease or HP?

>These people are only good for turning usable food into shit.

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Buy a fkn toyota camry 2003, those things are fkn unbreakable. 2 years no issues until i rammed it into the back of an audi

underrated

>Be me, 21 Y/O user
>Actually study a non-meme degree
>still studying, making equivalent of $34USD/hr
>Friends are dropkicks working at supermarkets for equivilent $8/hr
>They all spend $100/month on latest iPhone to look at memes all day
>I buy shitcoins/index funds and they wonder why they are broke

I literally do not know how normies are this retarded

i agree wrt domestic vs honda etc im just saying a 1500 civic is gonna be an absolute monster of a car, they barely have any pictures for good reason

thanks

I was thinking about buying a newer, more fuel efficient car for work and back. My reasoning is that by time it is time to replace an old gas guzzling car, I will have spend more on down payments, gas, and maintenance than I would have on the newer car and interest for the loan (esp if it's a low-tier hybrid).

In the short term, sure, I would have spent more money car for car, but I assume that I could make a 2 year old car last around twice as long as a 10 year old car. I'm not trying to make my car a status symbol, I'm trying to do a calculation of the most car value/$

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Get a VW TDI, those dirty bitches are the most fuel efficient you'll get for your buck. Plus they arent nearly as expensive as a hybrid.

I calculate my cars based on "cost per year" ... usually about $1k plus gas.

>Be me, 26 year old computer science fag
>Working at a tech store opposite of my house for a year to pay rent as I recover from mental disorder and need to chill for a year or two
>comfy job because it's easy and I dont need to talk to people
>but
>normies
>they come into the store ready to blow their money away
>"I want a computer that can easily do Facebook and Youtube, but I only have 1200 euros"
>mfw this happens constantly
>People with no idea about their needs are casually blowing 1500+ euros on machines that have so much computational power, only to talk to their normie friends on Facebook, watch Youtube and fap to streamed porn
>"Yeah I'm a gamer I want a good laptop", blows 2000+ euros on a GAYMEN razer laptop with red LEDs everywhere
>500 euro gamer chairs that can't have cost more than 100 euros to produce

Consumers are fucking retarded. And I used to wonder how capitalism came to take hold so fast in modern society.

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