Shit Poor People Do

- order delivery food
- smoke weed
- leave the A/C on when not home
- get a mortgage on a car

Shit Poor People Do:
- live in russia or nigeria
- have no food and no weed
- no AC or DC or any current, because it is isolated forest village near a swamp
- got no car and no bank to get mortgate

>>2
Nostrovia, Ivan!

Shit lower-middle class people do:
- have so little money that getting delivery, coming home to a cold house, smoking weed, and taking advantage of interest rate differentials are considered a luxury to them.

>>4
Driving a car you cannot afford to buy is not ``taking advantage of interest rate differentials''. It's retarded because you're giving money to the Jewish banker for no good reason. A car depreciates in value; it's the worst thing to get a mortgage on.

- use a debit card instead of a credit card

>>5
http://www.bankrate.com/funnel/auto/auto-results.aspx?ic_id=auto_loan_calc_todays_rates_btn
The APR for auto loans in my city looks like it would average about 3%, which is the typical inflation. If you have enough money to buy a car, then you should take the loan and put the money in an index fund yielding more than that.

And also, if you buy used shit, you get used shit. Quality will pay for itself over time, while that shitbox you bought was owned by a nigger before you who drove it 150Km/h until the engine overheated while running from the police, and it's going to constantly break down. Every time your used garbage breaks down, you're going to miss a day of work and the toilets are going to be twice as filthy as the day before, so you'll have to scrub twice as hard in addition to missing a day's pay. That is why you are poor.

>>7
Even if the interest rate is only 3%, that's still non-zero. Your plan to put the car purchase money in an index fund now has its floor raised from 0% to 3% in terms of actual return. This makes absolutely no sense to do.

Only poor people are dumb enough to get a loan for a car.

Wealthy people get mortgages for assets which can appreciate or generate revenue, like real estate or construction equipment. For these asset classes, the revenue over the course of the mortgage outweighs the interest payments and justifies the indebted acquisition now versus later when they could hypothetically be bought with cash. Also getting a mortgage provides the benefit of the extra cash being used as leverage for purchasing other assets. None of these benefits are to be seen with cars, because cars DEPRECIATE in value rapidly--it is not just possible but inevitable for many borrowers to carry a lein on a car with a greater principal than the car's value, something that literally never happens with real estate.

>>8
What if you get a negative interest rate say, -30%? That way you're essentially getting paid to take out a car loan... right? Is there something I'm missing....?

>>8

the revenue over the course of the mortgage outweighs the interest payments and justifies the indebted acquisition now versus later

You mean revenue like the money you can earn from a job by not getting fired for being late due to unreliable public transport or having to walk for miles each day?

>>8
Why are you educating this racist? Let him hate blacks and pay huge interest. The bastard deserves it.

>>11
What >>8 said was wrong and laughably childish, though. Car loans are a thing in the first place because in many circumstances they are a necessity. If you need a job to save money to buy a car but you need a car to get and keep a job, then how does a car loan not make sense?

Also:

carry a lein on a car with a greater principal than the car's value, something that literally never happens with real estate

Could you be any more wrong, >>8?

lol nailed it 8 couldn't even be moar wrong...

>>12

Could you be any more wrong, >>8?

Unless your car is some limited edition sports car, DeLorean or antique ford's museum piece, then its value will only go down.

>>12

If you need a job to save money to buy a car but you need a car to get and keep a job, then how does a car loan not make sense?

There are functioning cars for sale under $600 USD. It may go kaput in 1-2 years, but it still runs. "I need a brand new car to go to work" is such a pathetic rationalization. The reality is, you want to live beyond your means. No beat-up junk box $600 car for you, no, you deserve much more than that, you're an ENTERPRISE SOFTWARE DEVELOPER after all.

Could you be any more wrong, >>8?

Apparently you still don't get it. Your little new Honda will, in maybe 5 years or less, be worth 1/3 of its original value. It depends on your bank's lending terms, but there's a high chance it will be worth less than the amount you owe the bank for it. But hey, the future doesn't matter, gotta have that instant gratification of a new car without the ability to buy it, r-right?

>>15
Yes, I do deserve a nice stuff, because I am better than you. I make much more money than you, but you think that because you've discussed things over with your 4chan /b/ros about how ebil bankers are robbing you by providing a service that you somehow feel qualified to claim that poor people say or do something.

Imagine if you had any responsibility beyond buying lyson. "Okay sir, this new machine will enable us to triple our production and halve our cost, and will cost $1M and depreciate over a ten yea-", "Noo you fool! We will never purchase a depreciating asset and let those kikes steal the interest payments! Fuck capitalizing cost, fuck investing in the company by purchasing better equipment. We do not borrow!".

>>16

Yes, I do deserve a nice stuff, because I am better than you. I make much more money than you
... you somehow feel qualified to claim that ...

YOU somehow feel qualified to make retarded claims.

Imagine if you had any responsibility beyond buying lyson. "Okay sir, this new machine will enable us to triple our production and halve our cost, and will cost $1M and depreciate over a ten yea-", "Noo you fool! We will never purchase a depreciating asset and let those kikes steal the interest payments! Fuck capitalizing cost, fuck investing in the company by purchasing better equipment. We do not borrow!".

And this is a totally relevant analogy because a personal car is equivalent to an industrial machine. Brand new cars also triple your production! Wow never knew that, thanks for enlightening me anon!

>>15
Actually, massivefag, you need a reliable car for work, which would cost at least 4-6k. Sorry to bust your childlike fantasies, but a $600 shitpile costs thousands in repairs within a couple of years, it's not reliable. Further, nobody but you ever mentioned brand new cars. I am amazed that you continue to be more wrong.

>>14
But the value of a house could never become lower than what you paid for it? Is that the stupidest thing you have ever thought?!

>>18
Not to mention fuel cost of a 20 year old piece of shit that cost $600, which is probably less than the sum of the value of it's parts. But >>17-baka is the kind of penny-wise pound-foolish idiot who buys a hunk of garbage that gets 11mpg when gas is $1.5/g then blames the nigger in chief for that stupid decision when it goes to $4/g.

http://netherworldcon.tumblr.com/post/74964780496/you-see-that-nigga-turnin-you-feel-the-bullet

Food is so cheap in the US. How the fuck can people be broke. You have cheap food, fuel, houses, and yet you still have drugged up homeless people walking around. I mean what the fuck is your problem.

>>22
Houses and drugs are not cheap. Neither are whores, for that matter. And most homeless are either niggers too retarded to get their benefits or just driven insane from our many wars. Anyway, not that many people are broke.

>>22

Food is so cheap in the US

[citation needed]
Subway sandwiches and eggs that taste like cough syrup are not real food. How much for 1lb of chicken breasts, beef or a carton of milk?

>>18
$4-6k is also not something anyone should need a mortgage for, unless you are extraordinarily bad with money or poor. Hence the thread.

Sorry to bust your childlike fantasies, but a $600 shitpile costs thousands in repairs within a couple of years, it's not reliable

If it lasts "a couple years," then it was well worth the $600. You can buy another car when it breaks and still come out ahead.

>>20

Not to mention fuel cost of a 20 year old piece of shit that cost $600
But >>17-baka is the kind of penny-wise pound-foolish idiot who buys a hunk of garbage that gets 11mpg

What you're saying is not a reality of thermodynamics.

>>23

driven insane from our many wars

what does this even mean?

>>25
$6k is also a shitty car. As I said before, I'm better than you and I want to impress bitches and business clients, so I need to drive a better car than your povertymobile.

>>25
The fact is, if you have no job you have no money (as an adult, you'll see what I mean in a few years) not even 6k. To get a job you need a reliable car that doesn't break down and cost thousands to fix every other week -- leaving you both jobless and stuck with huge bills -- but that costs money.

So with no money for a car and no car for a job, you are stuck. Unless a kindly dealer will allow you to get a loan on your reliable car so you can get and keep a job and thus pay off the cost of the car + interest through earnings.

Sure, you could be a childish retard and go for a $100 shitpile that you can afford on welfare to avoid getting in debt. But that doesn't explain how you will continue to avoid debt when you find yourself fired and on the hook for thousands in repairs and fines after your car breaks down on the freeway on your fist day.

>>28
If you have no job, you have even less business getting a car you can't afford. Just ride the bus like the rest of the poor-plebs.

>>28
You can also rent apartments near your job, if you do it the smart way (i.e. coop with students), it could cost you just $100/months. Also, relocating closer to the job is always the best solutions, as it will buy you more free time and reduces risks of car accidents.

>>30
Some smart people also manage to live at the workplace, doing more work than their collegues and paying zero for housing, but you will have to take shower somewhere.

>>29
You do realize you're anonymous, right? There is no need to perform this amount of mental gymnastics to avoid simply admitting were totally wrong on the question of whether a car loan is a good idea. Of course not everybody can live near work, often there is zero affordable housing in the area. And of course one cannot rely on public transport in many cities/areas, and many jobs require a car for other reasons, even simply hiring policy.

I was wondering why this thread was so shitty, but then I threw it into jewgle and it turns out it is pasta from 4Chan. I encourage everybody to always jewgle the first post in a thread before responding. You'd be surprised how often people simply post pasta here.

>>31
You could just live in the car and shower at a YMCA. The only thing you would have to pay for then would be gas and food

>>34
and the payments on your car loan.

>>35
buy a helicopter instead.

>>36
Can't catch a loan on a copter, bro...

>>32
A car loan is fucking retarded, plain and simple. You're trying to defend your stupid decision here and I'm loving the butthurt. I don't know why you're declaring victory for yourself when you haven't made a single point here except "OMG I need a nice car more than you do! Looser!!!"

>>38

looser

Even dumber then thought possible wow... me: speechless....

>>39
fuck off back to imagerebbit