Anon Opin4d ago
Think we've reached the point where it's more of a flex to have a crappy old car than a shiny new one. Shows you have your priorities straight. I work in car insurance and can confirm that the vast, vast majority of people with fancy cars have them on ludicrous finance deals
Show threadJen4d ago
@anon_opin all car finance deals are ludicrous.

Source: I used to have a job helping to build quote sites. I did a fair bit of training to understand the various types of finance, how they worked, etc.

My biggest takeaway was never get car finance. If you're eligible for finance, you can probably get a bank loan for the same amount on much, much better terms.
Show threadJohn Maxwell

@jetlagjen @anon_opin I have bought a few cars in my life in cash. I will accept dealer financing if I intend to pay it off immediately (after checking the contract carefully for landmines).

It simplifies the process. Most dealers are discombobulated by just buying a car with no financing of any kind.

Mar 23 at 1:10pmTusky
Show threadJen4d ago
@jmax @anon_opin every car I've ever bought has been a cash purchase.

Dealers love me, because I take the trade-ins nobody else wants. Then I run them until they die.