>>28551284
>Any car you cannot purchase outright is too expensive.
Boomer take, especially after the last 5 years
Up until a couple years ago, 0% financing meant car companies were, given inflation, literally paying you to buy a car from them. If you had $55,000 in cash in July 2020 and bought a 2020 GMC 1500 Denali, you're looking at about 55,000 OTD and a resale value today of around $40,000, or -$15,000 over 5 years. Not terrible depreciation. If you then socked away $916 a month into a basic-bitch NASDAQ mutual fund from that time, today that fund will be worth (not counting a couple percent in fees) about $83,500. $110,000 in, $123,500 today.
If you financed the same truck at 0% for 5 years and put 54k in the NASDAQ index fund, you're just finishing up making your $916 monthly payments for $55,000, you have a truck worth $40,000, and your NASDAQ fund is worth $140,500. $110,000 in, $180,500 today. Further, your last payments today are worth about $740 in 2020 money, so if you've been getting any raises or even cost of living adjustments in the last 5 years your payment as a percentage of your income have shrunk dramatically, for the same reason every $916 you've been putting into the NASDAQ this year is buying about half as much value as it would've in 2020.
Niggers figuring they have $700 a month left after bills so they can "afford" a used Challenger at 84 months 18.85% and $699.99 monthly are stupid. If you actually make money and can outperform (loan interest+depreciation)-(inflation), which basically every single safe investment does, it's almost always better to lease or finance
