Roommate just got a 2016 Ford focus

>roomate bought car
>i bum rides off my room mate

it can be useful to build credit. But Id never buy a new car.

I bought a 2006 mazda 3 hatch in 2011 for $5000 and got a 5 year loan, I'm just about to pay it off, and it's raised my credit score from like 720 to over 790. And when I pay it off, it will be even better. Better credit will make a home cheaper, so its a give and take

>OPs face when you can get 0% financing and 72 month loan
>OP's face when you can pay more than the minimum
>OP's face when you can put money down
>OP's face when loans can help you build credit

>it can be useful to build credit
>Waste money just you you get the opportunity to waste more money.

>I never want to own property or drive anything newer than ten years old

the american dream

Is being a poorfag supposed to be respectable on Veeky Forums?

I just did the same thing.

Brand new car, 5 year loan, full warranty through the end of the loan period. 0% interest on the loan, so I'm not too worried about it. Put enough down so that I had positive equity in the car when I drove off the lot.

Put money left over from not paying the full amount in cash into a 5 year CD at a garbage rate, and I'm making money compared to paying cash.

Loans aren't necessarily always the devil.

Uhhh what?? When you buy a car, there is interest, which i guess you could consider the "wasted money". Especially when you buy a good used car, there wont be much depreciation.

But that money you "wasted" on interest will make your payments lower when you buy a house, saving you FAR more than the amount of interest you paid on the car.

And if you think buying a house is a waste of money, you're an idiot millennial that has zero economic sense. Because renting is the biggest waste of money you can possible do, except literally flushing money down the toilet

>actually using solid reasoning and logic to rebut facile "MUH NEVER EVER FINANCE" plebs

i don't think id want to buy a new car though. The newest I'd do is like a 2-3 year old used car, witha warranty. The depreciation would be too much for me to justify

Cars aren't an investment so depreciation literally doesn't matter unless you're buying them for a business.

Yeah, I'm not looking at it like an investment, but I'd want to minimize the amount of losses I'd be incuring on a car.

Not knocking you at all, just my belief.

Why would you buy a new car for 30k, that will be worth 20k next year, when you could buy almost the same car except a year older for 20k?

Because no one farted in the new car

>I...it's not bad debt
>D...depreciation isn't an issue if I spend money now
>G...good credit score is needed or I'll live under an overpass
kys amerilards

>my roommate is growing up and buying a reasonable car for a reasonable price
>isn't that hillarious how I'm still a young edge lord Veeky Forums?
>shoulda got a piece of shit 1990 miata that will always need repairs!
>what an idiot he didn't buy a race car to drive around to the store and work
>what a fucking loser!!!
>r..ri..right Veeky Forums?

lol, might be worth the 10 grand. When i buy a new car, I'll make sure to tell the next buyer I wore rubber underwear, so no farts touched the seats. Good way to prevent depreciation

Actually there is plenty of evidnence that when you calculate all the cost associated with owning a home (HOA, insurance, repairs, upgrades, taxes etc etc etc). Renting is better long term. Houses barely keep place with inflation, and the money you save renting can be used to invest. You'll argue me, because you won't go do the research, and I won't respond. Enjoy your day.

>and the money you save renting can be used to invest
You have to remember all the shit you get for owning the place too.
>actual space
>garages
>being able to do shit to the building without calling for permission
Also in some places it's cheaper to buy a house than rent. IL is like that where I am.
>renting anything even remotely decent is like $400 more a month than buying a house

It's almost like there are compromises in both cases and some well-informed people might value renting more

>bought Fiesta ST brand new
>0% APR for 72 months
>3500 off sticker price
>12000 down so my monthly payments are miniscule
>building credit and enjoying an unmolested car nobody except me has ever driven

Feels good man

>have 1 passenger
>they fart silently
>years later you go to sell it
>fart inspector comes
>sir there's a fart in your passenger seat
>I cannot certify your car as fart free
>yfw

>well-informed people would rather live in a nigger cubicle to hypothetically save $200/mo
This is an 18+ site. You need a home if you want anything resembling a family.

>insurance, repairs, upgrades, taxes etc etc etc

This is true, but it really comes down to the actual house you buy and the location.

Buying a trailer in a park, not such a good idea compared to renting.

Buying an 1800's era house on 20 acres outside of a rapidly expanding city, might not be a bad investment if it needs some repairs and you're not absolute garbage when it comes to swinging a hammer.

>when you could buy almost the same car except a year older for 20k?

My main concern is the history of the car. The way some people drive and maintain stuff, I wouldn't want to touch some of the cars on the used market. It's also more difficult to get decent financing with a used vehicle, and aftermarket warranties are generally garbage.

>fiesta st

B8

>look at me I'm better than you because I do X
>look I do X
>you don't

>look how shit my roommate is with financial decisions

>OP forgot shes so poor, she needs a roommate to split bills with.

Tippytopkek

KEK! Didn't even catch that.

excuse me?
>these numbers I've plugged into my greentext apply to all situations/markets around the country

>Implying they don't apply to all pussy situations/markets around the country.

What's the issue? It's the most fun DD you can buy for under 40k (let alone 30k).

OP here I actually am the alpha male of the house making ~50k a year at 22 this guy is only making ~25-30k and is pretty dumb so I know he got jewed so hard at the dealer

Has your autistic argument morphed into "people who rent can't get laid so everyone should buy a house to get laid"? I hope buying a house finally did it for you chap

>159 a month to drive something new
>what a sucker

>mfw renting a 1500 sq ft house for 1100/mo
>came with a 3 car heated garage all for me
>landlord renovated it right before I moved in.
It'd cost me 1000/mo to finance this house. But if I financed and owned it I'd have to pay for shit when it goes wrong and get homeowners insurance.

Eastern central WIfag here

>not ensuring your roommate doesn't get dealercucked so you don't have to worry about rent
It's like you want to cover his/her ass.

Would it be better if they leased?

Insurance, HOA, any damages, A/C repairs, appliance repairs, lawn maintenance, taxes, any upgrades, eat depreciation if the market crashes (which it will again at some point) and all the other shit that goes with owning a house. I'm in my second house. First one flooded (first time in over 100 years that place flooded, thanks fucking farm that fucked up the irrigation) and I lose a TON of money. I'm in the second one, and it's appreciated about $15k. But I've put that much into it so far. By the time interest is paid off this house will go from a $150k house to a $210k house (estimating). And it will probably barely sell for that in that time.

Already happening he owes me $123 for bills this month I told him to just drive his shit box Taurus until it died

>buy brand new Hyundai on a 5 years lease
>less than 200 euro monthly
>top tier support from their services, i pretty much dont pay for the maintenance
>pay something like ~500 euro more in the end than what i would if i got it with cash
>return it in 5 years, get the new model and repeat

i dont see the problem?

>You'll argue me, because you won't go do the research, and I won't respond. Enjoy your day.
Haha this user, pic related

>buying new
>ford
>focus

ok what's wrong ? he will keep the car more than 5 years

That's a bretty good deal user.

You can get 300hp+ Camaro V6 for$24,000. I've driven both the Camaro and the Fiesta, and you are obscenely wrong.

>t. ameriburger who doesn't know what insurance or gas prices are

This.

My Canadian landlord/roommate owns three nice homes in nice areas but has the utilities in his name so he could have them turned off if they refuse to pay.

Anyways, he's constantly bitching about how both houses use too much electricity, HOA fees, HOA fines, landscaping, maintenance, taxes, etc.

I pay him $450 a month for a 15 x 15 room, all utilities, 100+ MB/s internet, premium cable, hot tub, heated pool, $4,000 grill and he helps out with basic car maintenance.

I was living in a condo in a way shittier neighborhood for $670 + utilities + internet/cable.

And he's gone at his hot GFs house all the time so I have girls over and they think I'm loaded.

Fuck, I'm never moving out.

As for building credit there are any number of ways to do that besides cars and house loans.

(((YOUR ROOMMATE))) we don't believe you cuck lmao.

why do automakers do this shit?
fuck

make the fucking correction on the failing component and make it quick.
if it costs too much to do this, then dont make fucking cars in the first place

I know what they are. Cheap. Really fucking cheap. Suck it, yuropoor.

I'm serious at least now I can make him drive on dank road trips and they can watch me indulge in the finer things while worrying about missing a car payment

I just solid my 1997 Acura CL 3.0 (Basically a Honda Accord but with a bigger engine and lots of stupid luxury features) because some of vital parts were super fucking expensive and the transmissions in that generation were garbage.

I bought a 2002 Ford Escort for $2,700 but it's interior is 10/10 and the exterior is 9.5/10; 30+ MPG to get to school and parts are cheap/plentiful.

The one bad thing is that if it's in drive and you're at a complete stop,it idles ROUGH and the steering wheel shakes a lot. But sometimes it does it very little and sometimes a lot.

I can live with that.

Why don't you figure out what the fuck is wrong with it, and fix it?

Sounds cash

>Rents
>Rents and HAS A ROOMMATE
>Purchases new car
Priorities

Needs belts, hoses, air box, timing belt/water pump, a new catalytic converter, rack and pinion, hub assemblies for the front, bearings to goes with those assemblies, rotors, pads and an oil chance.

I priced all those parts and it's not worth keeping since it's 20 years old and even if I got all that shit fixed, other parts would start failing due to the age.

I'm cutting my losses before they become actual losses.

>
5 years is pretty standard

>hey mr bank I have proof I'm good at paying my bills, please give me a loan
>ok I see your request, wow you are this isn't a risky endeavor, heres your mortgage

It is and I'm so fucking grateful but the only downside is that he's always so high strung and bitching about money 40% of the time.

But he's never home so it's not a big deal really.

That's not bad. Depends where you live tho. Renting here in Sourh Florida is pretty bad because owner has to pay for shitty insurance rates and stuff. I wouldn't mind buying this house but they would probably want like $350k or more. Mortgage would be much cheaper than the rent tho but then I get stuck with the bills when a hurricane puts the thing underwater.

What city do you live in? Im sure you can find a decent house for a good price in south florida.

>As for building credit there are any number of ways to do that besides cars and house loans.
The only other way is credit cards and those don't count for nearly as much as actual loans.

>The only other way is credit cards

Look at these poor guys trying to justify their poor financial skills hahaha. Don't you have top ramen noodles to cook?