@tobymtz7: The WORST FINANCIAL Decision in your LIFE #decision #finance #car #life #money

Danflo :

Holy Dave Ramsey L take mentality

trey :

you are not buying a decent car in todays market with cash brother

Zeke Branham :

Putting 30k LIQUID cash on a vehicle is a terrible financial decision. Versus paying a monthly, and investing that remainder into funds, property, your business, etc. gladly pay the few thousand in interest over time to have my liquid cash work for me rather than put it into a -20% asset

Sir :

Cash won’t help your credit

Geoffrey :

why would I drop 40k+ on a car when I could put 5k down finance the rest at 3-4% and invest the other 35k+ and get at least a 10% return on it? that's what being smart with your money does for you

Riq 🦈 :

exactly its a depreciating asset so why would i fully buy a car cash

_nrahman :

Financed at 18 a 2018 accord for a 6 year loan (wasn’t able to afford a cheap RELIABLE car cash but had a good amount for a down payment) paid it off within 2.5 years. Been with it since August 2021. No regrets.

Slow_W204 :

Not the best advice. Cash is nice but not everyone can afford to do that

cmatty :

Most successful people finance, no point in pushing all the cash up front when you can invest it while still making payments on it while your investments pay for your car 😭

LIT TWO SIX :

Who cares we only live once

Humberto :

I mean, yeah if the car is under 10k, might be good point. But if I’m looking at 30k. No way I’ll drain the bank and not have a cushion if anything were to happen.

X O :

Yes put 20k on a used car off the street and have it break down on you 😂

🧟‍♂️ :

Pay for it outright just for it to immediately depreciate once you leave the lot??

Skyler :

Finance a used car 🤷‍♂️I’d never finance or even buy a car from factory

￴ ￴ ￴ ￴ ￴ ￴ ￴ ￴ ￴ ￴ ￴ ￴ ￴ ￴ ￴ :

whoops mijo✌🏽

Apollo :

Second largest credit building asset is a car. Paying down on three cars over a five year span has allowed me to qualify to buy my current house at a low interest rate so you need to state more facts before just saying that financing a car isn’t good.

Blackghost :

Whats up with yall, yall be wanting people to buy a shitty old car 😂

Sentinel Prime :

this is bad advice for young adults, get a credit card get some money down go finance a used Toyota or Honda let the banks see u have mixed credit n u can be trusted with bigger harder loans, if you can use other people's money to get what u want you'll be unstoppable

samuel :

cesar :

People need reliable transportation. it’s arguably better to build your credit financing/leasing a car than to gamble buying a beat up used car and hoping nothing critical breaks leading to an expensive out of pocket repair

Itz.auguie :

A car is a necessity… for a lot of people they can’t manage to pay straight full cash price for a car. Many don’t have the choice to finance because they neeeed a car

Abnbasedgod :

Got it at 2% why would I pay cash n loose all my equity don’t finance if you have bad credit

ROSALES :

0% interest pa

Josee :

So what happens if u buy a car cash and it gets totaled ? Doesn't that mean you lost all that money ?

Hnry :

As long as your monthly payment is less than 10% of your income you're good