>>28581228
>Index fund performance is not guaranteed and certainly not 18% annual averaged
I was using that as an example of the most brain-dead investment literally anyone can make, you poor faggot, and it's even funnier because in real life NASDAQ has actually returned 23.5% annual, averaged since 2019. 18% annual is conservative if you have two brain cells to rub together.
>Also your masterplan requires you to have or make an extra $88k for the payments.
Some people are destined to be poor forever. This is so stupid it actually breaks my heart -- I will, nonetheless, explain this to you so even a child could understand it.
Big Tall Grownup A: Buys the shiny car for $100k cash
Big Tall Grownup B: Finances the shiny car for $20k cash down, then 60 months of payments totalling $88k
Grownup A spends $100k on the car and has a $69k used car at the end of 5 years
Grownup B person spends $108k on the car and has a $69k used car at the end of 5 years
The difference is that over the 5-year period, Grownup B's $80k investment (that's what he has left after the down payment! See, because 100-20 = 80!! good job!) at what is actually a conservative 18% annualized return is worth $183,032, whereas Grownup A has $0 because he spent that money on the shiny car that goes vroom vroom
If you can actually afford the car (this does not mean "I have $500 left of my McDonald's paycheck after bills so I can afford $500!!!!") and are capable of the amazing financial feat of outperforming (manufacturer's financing APR)+(yearly depreciation) per year, financing a car is free money. Do you need me to explain what "afford" actually means?
Put the fries in the bag.
