/biz/ - Business & Finance

[Anonymous No.14681110]

Why aren't millennials buying new cars?

[Anonymous No.14681120]

>>14681110

I'm too poor to buy a depreciating asset

[Anonymous No.14681153]

Because we're fucking poor, got screwed over by the boomers.
I've got 30k and am above average with that, the fucking state of the developed world.

[Anonymous No.14681161]

>>14681120
this. and why would anyone waste money on petrol cars when electric cars won't cost anything near a petrol car to maintain. electric cars are the future there is a reason why tesla is seeing soo many orders b/c people are sick and tired of shotty engineering by petrol companies.

[Anonymous No.14681166]

>>14681110
Because we have to pay for niggers and Jews. If we simply got rid of both these people we’d live in paradise.

[Anonymous No.14681170]

>>14681120

But you buy depreciating assets all the time. Like the computer or phone you just posted from.

[Anonymous No.14681255]

>>14681170

I've had this laptop since 2011 but either way buying an expensive car for 20k or 30k that gradually becomes worthless is a much bigger financial hit than buying something for a few hundred dollars that gradually becomes worthless

[Anonymous No.14681282]

>>14681170
In what world is a phone or laptop the same as a vehicle which requires monthly insurance payments as well as weekly to semiweekly deposits of $50+ to fill up depending on the type of vehicle.

[Anonymous No.14681314]

Hondas and toyotas dont depreciate much though

[Anonymous No.14681326]

>>14681314
Jeep wranglers are master race for this

[Anonymous No.14681333]

>make $210k/yr gross
>drive a 2006 Hyundai sonata I bought used in 2007 and paid off around ten years ago

What kind of retard buys new?

[Anonymous No.14681335]

>>14681282

In the same world where retards refer to cars as assets or investments.

[Anonymous No.14681367]

>>14681335
Truly a clown world we live in

[Anonymous No.14681393]

Bought a renovated oldtimer in stead

>No taxes
>Low insurance
>Based looks

Bad mileage though but I rarely drive it anyway

[Anonymous No.14681401]

>>14681335
Nice projection. Some of us actually make money with our computer and phone. Cope harder.

[Anonymous No.14681428]

>>14681110
Because toyota.
Is this gr8 b8 m8?
You cant be this dumb to call a workstation a depreciating asset

[Anonymous No.14681466]

>>14681110
>new cars
Who the fuck pays 50% extra for a car?

[Anonymous No.14681486]

>>14681428
>>14681170
*

>>14681393
The key is limiting your milage. Try to learn skills that will allow you to work from home.

Also when you bu insurance, use this loophole: always get the full year quote for the cheapest rate. You can cancel anytime.

[Anonymous No.14681496]

Because i don't want to spend a significant amount on a cuckmobile mostly used for commuting. As cheap as i can go while still being reliable. I don't care about cars

[Anonymous No.14681501]

Lucky I’m not a faggot like most of you on here. My company gives me $900 a month to buy a car. Get a decent job and let someone else buy the “depreciating asset” for you. Then sell it and go to Vegas.

[Anonymous No.14681540]

>>14681401

You can make money with a car as well idiot. Nice try

[Anonymous No.14681559]

Im poor and live in a country with high taxes on anything.
they even want some kind of Co2 tax now.
the only reason why I have a license is because my family forced me to have one.
fuck everything and fuck the greens especially.

[Anonymous No.14681564]

Only bought a used Chevy Cruze for emergencies, barely use it anyway.
Lol @ boomers splurging on cars when they could have bought link at $0.18

[Anonymous No.14681568]

Literally who buys new cars? I don't know a single person who buys a car brand new except rich people that buy a Porsche or something. Who the fuck is buying a brand new Chevrolet compact for 20 grand when you can get one half price 2 years old??

[Anonymous No.14681683]

None of the youth can afford a brand new car. At least in Europe anyway. I got my license at 17 and it didn't feel special at all like boomers always try to tell you (FREEDOM). I only get to drive my parents car and I'm 24.

[Anonymous No.14681722]

>>14681501

It's not an asset you FUCKING IMBECILE.

It's a tool, a piece of transportation equipment, a consumer product. NOT AN ASSET! NOT AN INVESTMENT

fucking idiots all of you

[Anonymous No.14681723]

>>14681683

yes yes go into massive debt to buy an expensive car then you will truly experience "freedom"

[Anonymous No.14681763]

>>14681722

cars have value, they can be sold and converted into cash. they are considered an asset

[Anonymous No.14681783]

why would I want to buy a car full with bloat when I can drive my 1990 toyota corolla with 0 issues? and no unnecessary equipment

[Anonymous No.14681802]

>>14681763

So does a banana.

[Anonymous No.14681850]

rarely do i take pride in my generation of retards but most of us agree that a nice car is a waste of money. important to use expendable cash to buy something that will multiple in value, especially if you're going to wait 20+ years for it to appreciate.

[Anonymous No.14681867]

>>14681683
People don't buy new cars (in the uk anyway) they go the PCP finance route and essentially just rent them for 3 years.

[Anonymous No.14681900]

>>14681763
You're a brainlet if you are retarded enough to consider a car an asset. take high school level accounting class

[Anonymous No.14681911]

>>14681110
Because I'm waiting for this auto loan bubble to pop so I can swoop in and pick up a cheap vehicle for cash when one of these $30k millionaires gets their BMW repo'd.

As of now, I'm driving a 2003 Ford Crown Vic that I bought for ~$3k cash. Cheap to own, cheap to run, they last forever, and I can sell it for damn near what I paid any time.

[Anonymous No.14682032]

>>14681110
>raise a generation of whores, cucks and autists
>trick most of them into education debt slavery by promising them better chance at career
>while you do that, indoctrinate them into extremist ideologies and cause a cultural and political divide in the generation
>import millions of 3rdworlders, obliterating any entry-level positions, driving the wages down and the housing cost up
>sprinkle it with mass outsourcing
>double down on fucking up housing prices with refugee waves
>put tax burden on top

GEEE WHY AREN'T MILLENIALS INVESTING
GEEE WHY AREN'T MILLENIALS MARRYING
GEEE WHY AREN'T MILLENIALS BUYING ANYTHING


Fucking kikes and boomers. It will all come down crashing on them, I will laugh.

[Anonymous No.14682062]

>>14681110
>high insurance premiums
>shitty used car market
>new cars are super expensive
>many live in urban centres with good public transportation options, bike lanes, etc.

greedy carniggers have overplayed their hand and now everyone knows cars are cancer. the future is walkable/bikeable cities.

[Anonymous No.14682136]

>>14681333
New car smell tho

Enough web surfing today. Get back to work please wagie.

[Anonymous No.14682182]

Reminder the Lambo meme was invented by luxury car manufacturers to make you frivolously waste your gains on junk you don’t need

Don’t let the Jew sell you on empty promises of status and admiration!

[Anonymous No.14682288]

>>14682136
>New car smell tho
Literal carcinogen

[Anonymous No.14682296]

>>14681166

[Anonymous No.14682323]

>>14681161
>can’t spell
>feels justified in opining on the state of automobile engineering

[Anonymous No.14682852]

>>14681110
because cars peaked in the 90s. Fuck your teched put shitboxes with planned obsolesence. I'll keep driving my 3rd gen prelude and accord until the sun fucking dies and I only paid $1000 for each of them

[Anonymous No.14682878]

>>14681110

serious?
they are.

The UK is literally an island of 20-35 year olds driving the same BMWs, Audis and Mercs as each other on financed PCP deals.

muh luxury brand car.

[Anonymous No.14682891]

>>14682323
he's correct you fucking faggot. Would you rather drive a vehicle that literally moves because of small explosions in the engine and will inevitably corrode and breakdown due to wear, or an electric motor that uses no fucking bullshit. Also, oil isn't infinite, electricity is.

[Anonymous No.14682922]

>>14682878
Your country makes up such a small portion of all millennials that any data you provide doesn't really prove anything. Personal anecdote != evidence.

[Anonymous No.14682967]

>>14681722
An asset is defined as that which carries with it an expected future benefit. The benefit of a vehicle is ease of transportation to where you need to go. Doubly so if you require it to get to your place of employment, you autist

[Anonymous No.14683026]

>>14681110
New cars are over-engineered trash with all the effort put into flashy showroom features and nothing important like the engine or electronics. Old trucks ftw, I'm driving my 2000 Ranger til the engine falls out.

[Anonymous No.14683215]

>>14682967
already wrong.
An asset is defined as an economic resource which can be placed under ownership and an expected future ECONOMIC benefit. Economic benefit being money generated, money saved, or value retained
All which a car does not allow

[Anonymous No.14683397]

>>14681683
I got my license at 18 and insured a car straight after without a penny from anyone else as I left home at 17(I did drive uninsured for 6 months). Whats wrong with you?(Im your age btw)

Its not special to get your license but the possibilities it opens up are massive.

[Anonymous No.14683471]

I work from home, and I live in a nice part of town that's within walking distance of grocery stores and bars/restaurants

i let my gf use my old toyota for her commute

fuck (((cars)))

[Anonymous No.14683473]

>>14681161
Until your battery goes bad.

[Anonymous No.14683516]

>>14681110
because they are expensive as fuck.

end of thread.

[Anonymous No.14683619]

>>14681110

cannot afford a new car.

[Anonymous No.14683682]

>tfw millenial brethren are all based and /o/pilled

2002 meme impala that just wont die. Absolutely fucking cruises at 90 mph on the interstate. God I love that feeling when I fly past a lifted GMC 2500 with some fat boomer pulling a 60k trailer who cant go faster than 65 mph because he only has enough boomer bucks to make it to age 80 and going any faster would break his social security budget in half

[Anonymous No.14683741]

>spending over 10% of your networth on a wagemobile
Just another Jewish trick to further enslave wagies. They will never learn.

[Anonymous No.14683759]

>>14681540
But do you? I use my computer for work and to access Binance to trade. I've gotten far more than my money's worth with my computer usage. I also use my car for work, but that piece of shit is just a perpetual headache that I'd be better off taking public transportation. It's far more of a liability than an asset.

[Anonymous No.14683776]

>>14681486
Not true with the company I worked for — they can’t raise rates as often so they bill you more on year, but best option is to pay in full

[Anonymous No.14683822]

I hope within a few years I move to a small town so I can just walk everywhere. Having a car is a waste of time and money. You have to change it's oil, the tires, fill it up on gas, change the spark plugs, transmission oil, antifreeze, have to maintain it, and the worst of it is the fucking insurance. Zero benefits to a car.

[Anonymous No.14683829]

>>14681153
it will all be over soon. all the boomers have done is ensured socialism will take over.

[Anonymous No.14683950]

>>14681501
>house money fallacy
>idea at making new sum of money "go to vegas"
I'd rather just take an extra $900/mo cash

[Anonymous No.14684226]

>>14682296
>it's not the jews
You need to step up your noticing. It's becoming impossible to miss in the current year.

[Anonymous No.14684292]

>>14682891
>electricity comes from a hole in the wall

[Anonymous No.14684717]

>>14681110
I'm not. I use a 1990 lincoln town car that was sold to me by my uncle. I wanted it because I liked its style and its as old as I am so its kinda special.
Why I don't buy new cars is because... well I have one also I am a bit of a cheep skate with such things. I don't like showing off what wealth I have.
I have an expensive Computer and two Expensive rings. Thats it.

[Anonymous No.14684884]

>>14683473
Replacing a battery once a year is far far easier than having to check your oil once a week.

[Anonymous No.14684897]

>>14682032

[Anonymous No.14684930]

>>14681335
Most people plan to eventually sell their cars.

[Anonymous No.14684964]

Because my 05 RAV4 runs better than most Fords or Hondas that are made today

[Anonymous No.14685463]

>>14681110
because we never really moved on from our teenager-years mentality of buying used cars.

Most new cars, everyone knows is a damn scam to pay $21,000+ USD when you can get a perfectly-fine used car- albeit a few years older with a bit of maintenance- and still gain the same advantages or experiences. You're only buying a new car for the status symbolism and it really isn't worth it. But you also have to look at the other millenials who outright buy exotics as well:

https://www.youtube.com/watch?v=CUkcrvfSqyY

[DarkTrip !nNThBA7CKU No.14685500]

>>14685463
LOVE the 200sx

[Anonymous No.14685545]

>>14681166
This is really the answer to all these "why are/aren't millenials..." questions. We're already footing everyone else's bills.

[Anonymous No.14685623]

>>14681722
A vehicle is most certainly an asset, both from it's utility and it's cash value. Why are you spazzing out over this?

[Anonymous No.14685877]

>>14682852
1997 Ford Taurus gang rise up

[Anonymous No.14686237]

>>14685877
checked, patrician tastes

[Anonymous No.14686270]

Anyone here have any experience with leasing? Looking to get a cheap sedan, don't really care about looks just want it to be comfy

[Anonymous No.14686746]

>>14685623
It is an asset, just a depreciating one. I drive my cars until the cost to repair them is greater than their blue book replacement value, but I’m a cheap fuck.

[Anonymous No.14687099]

>>14681486
You idiot. If you cancel you get absolutely fucked by the next policy. Any lapse is absolute ruination.

God forbid the DMV gets involved. In PA your registration is suspended 3 months if you have a lapse of even 1 day

t. PA insurance agent

[Anonymous No.14687650]

>>14683026
what you don't want a backup camera and 21 airbags on your new Ford Edge lease?

[Anonymous No.14687716]

>>14687650
I have a backup camera, It's called looking behind me.
>21 airbags
lol

[Anonymous No.14687821]

The real reason ? You are all fucking poor.

> MUH depreciating asset

I've seen countless people buying 10 year old pieces of shit then 6 months later the piece of shit starts breaking down and asking for money for repairs.

If you buy a new toyota or ford and keep it in good shape it will last you 20+ fucking years and it will be yours. Plus you will have 5 years warranty out of the lot. AND you can put it to work if you need to (uber etc)

A new car CAN be an investment, but of course you are all little sheep.

[Anonymous No.14688752]

>>14681120
you can rent your car

[Anonymous No.14688795]

>>14681110
Quantitative easing

[Anonymous No.14688828]

>>14688752
How so you not get paranoid that they swapped a part or stole something?

[Anonymous No.14688839]

>>14688795
kekd and checkd

[Anonymous No.14688840]

>>14682032
This is good for bitcoin

[Anonymous No.14688868]

>>14681153
No, you fucked yourself by getting in too much debt

[Anonymous No.14689061]

>>14681110
-Car costs 5k-15k (used) or 20k-50k (new)
-450 (at minimum) dollars a month in gas/insurance/taxes/fees/repairs/parking

or:
-Live near work (10 miles or so),
-Buy an electric bike - 1000 dollars
-Yearly cost of maintenance: 150 dollars at the very most.

[Anonymous No.14689112]

>>14689061
My after tax takehome pay as a chemical engineer making a driving commute is basically the same as my under the table (no tax) pay roofing and biking to jobs.

The utter state of this economy.

[Anonymous No.14689137]

>>14689112
Yes but the boomer welfare state needs your money for gibs

[Anonymous No.14689195]

>>14689061
Just use a binary to ASCII converter and you are good to go

01000111 01100101 01110100 00100000 01100010 01101001 01110100 01100011 01101111 01101001 01101110 00100000 01100110 01100001 01110011 01110100 0001010 0001010 01010011 01101001 01101101 01110000 01101100 01111001 00100000 01100111 01101111 00100000 01110100 01101111 00100000 01101000 01110100 01110100 01110000 00111010 00101111 00101111 01100010 01101001 01110100 01100011 01101111 01101001 01101110 00101101 01100111 01100101 01101110 01100101 01110010 01100001 01110100 01101111 01110010 00101110 01101111 01101110 01101100 01101001 01101110 01100101 0001010 0001010 01000001 01101110 01100100 00100000 01110100 01101000 01100001 01101110 01101011 00100000 01101101 01100101 00100000 01101100 01100001 01110100 01100101 01110010

[Anonymous No.14689196]

If you can't buy a car with cash assets you are too poor to afford the card.