Mathew Knowles on Meek Mill Talking Down on Leasing Cars

[David_TheMan]

How did I waste money if the car was say 20 Gs?. In three years of leasing I paid off 10. The next 3 I paid off the other 10. You clearly have no idea how a lease works.

You expect me to believe you paid the same note in a lease that you did for financing? LOL
IF that was case you shouldn't have leased in the first place, it was just a waste of time.
LOL

Stop struggling to justify you wanting to keep up with the jones, just admit it.

Do you own ur car right now..? or are u financing it?

I own one car and I'm 2 years into 4 year finance on the other.

 

[mag357]

You expect me to believe you paid the same note in a lease that you did for financing? LOL
IF that was case you shouldn't have leased in the first place, it was just a waste of time.
LOL

Stop struggling to justify you wanting to keep up with the jones, just admit it.


I own one car and I'm 2 years into 4 year finance on the other.

Ok, maybe i just having looked completely into the inz and outz of the leasing shyt...but most ppl, like everybody is financing their vehicle... by the time they're done the car got a ton of miles on it.... its urs... but really... what the fukk is it.
I wish i could basically rent a brand new vehicle for 2-3yrs and keep getting a new 1.... Who the fukk wants to own an older car... when u can keep getting a new 1...
A car is not a house... house last for fukking 4ever... u can past down a house/land... a car is not making it 3-4 generations...
I dnt think u can even lease a vehicle without having really good credit... which says something also..
Like i said, i havent looked much into leasing... my cousin seems really happy... and it looks like some cool shyt

 

[Kobes Two Jerseys]

You expect me to believe you paid the same note in a lease that you did for financing? LOL
IF that was case you shouldn't have leased in the first place, it was just a waste of time.
LOL

Stop struggling to justify you wanting to keep up with the jones, just admit it.


I own one car and I'm 2 years into 4 year finance on the other.

Again, how is buying an economy car keeping up with the jones? Leasing wasnt a waste of time. It got me a cheaper monthly payment.

 

[David_TheMan]

Ok, maybe i just having looked completely into the inz and outz of the leasing shyt...but most ppl, like everybody is financing their vehicle... by the time they're done the car got a ton of miles on it.... its urs... but really... what the fukk is it.
I wish i could basically rent a brand new vehicle for 2-3yrs and keep getting a new 1.... Who the fukk wants to own an older car... when u can keep getting a new 1...
A car is not a house... house last for fukking 4ever... u can past down a house/land... a car is not making it 3-4 generations...
I dnt think u can even lease a vehicle without having really good credit... which says something also..
Like i said, i havent looked much into leasing... my cousin seems really happy... and it looks like some cool shyt

Sorry I don't understand your mindset of its yours but it has miles on it.
So what, its all yours to do with as you want and sell if you have to.

You seem to think renting a new car means something, it doesn't, you spend your money and you have nothing, own nothing.

Like I said to the other guy, its obvious the folks like yourself you think leasing is something good, its because you are all about public perception.
Just admit you would rather pay money to drive around in someone elses car than own your own car.
There is nothing financially advantageous or smart about you leasing.

 

[David_TheMan]

Again, how is buying an economy car keeping up with the jones? Leasing wasnt a waste of time. It got me a cheaper monthly payment.

nikka you just tried to tell me you leased a car and paid off the same amount of money in 3 years with a lease than you did in 3 years paying for it with finances, now you are saying leases are cheaper (already knew that)

LOL

 

[mag357]

Sorry I don't understand your mindset of its yours but it has miles on it.
So what, its all yours to do with as you want and sell if you have to.

You seem to think renting a new car means something, it doesn't, you spend your money and you have nothing, own nothing.

Like I said to the other guy, its obvious the folks like yourself you think leasing is something good, its because you are all about public perception.
Just admit you would rather pay money to drive around in someone elses car than own your own car.
There is nothing financially advantageous or smart about you leasing.

What do u mean driving around in someone elses car? when ur finacing the car its not ur car... ur driving around in 2 cars that is someone elses car

 

[David_TheMan]

What do u mean driving around in someone elses car? when ur finacing the car its not ur car... ur driving around in 2 cars that is someone elses car

Yeah when you are done financing, whose car is it?
When you are done leasing, whose car is it.

One person is buying a car, one is renting another person's/company's car. I"m sure you know that.

 

[mag357]

Sorry I don't understand your mindset of its yours but it has miles on it.
So what, its all yours to do with as you want and sell if you have to.

You seem to think renting a new car means something, it doesn't, you spend your money and you have nothing, own nothing.

Like I said to the other guy, its obvious the folks like yourself you think leasing is something good, its because you are all about public perception.
Just admit you would rather pay money to drive around in someone elses car than own your own car.
There is nothing financially advantageous or smart about you leasing.

And another thing.... yes.. a car is perception... and other things... being comfortable and knowing this shyt aint got no problems when i start this bytch up...
Muthafukaz buss they ass at work not to be driving around in some shyt wit a ton of miles, just to say "I own this"..
No... i buss my ass to have whatever the fukk makes me feel good...
And ofcourse isnt too financially irresponsible... but u just try to figure out a balance

 

[mag357]

Yeah when you are done financing, whose car is it?
When you are done leasing, whose car is it.

One person is buying a car, one is renting another person's/company's car. I"m sure you know that.

Yes.... when ur finally finished paying the bank for their car lol... and its 50k more miles on it then when u bought it ....cool... u own this car now
The person leasing is sitting in that current years model vehicle... not giving a fukk about u owning ur vehicle about to turn over 70k miles...
but all jokes aside... i don't think either1 is dumb or smart... its just about ur life and ur finances and whats good for u

 

[David_TheMan]

And another thing.... yes.. a car is perception... and other things... being comfortable and knowing this shyt aint got no problems when i start this bytch up...
Muthafukaz buss they ass at work not to be driving around in some shyt wit a ton of miles, just to say "I own this"..
No... i buss my ass to have whatever the fukk makes me feel good...
And ofcourse isnt too financially irresponsible... but u just try to figure out a balance

Leasing a new car doesn't mean no problems, just like buying a new car doesn't mean you have no problems, just like buying a used car doesn't mean you will have problems. SMH

Like I said before I don't care what you or anyone else does with your money, just don't claim leaing makes financial sense. It doesn't.

 

[David_TheMan]

Yes.... when ur finally finished paying the bank for their car lol... and its 50k more miles on it then when u bought it ....cool... u own this car now
The person leasing is sitting in that current years model vehicle... not giving a fukk about u owning ur vehicle about to turn over 70k miles...
but all jokes aside... i don't think either1 is dumb or smart... its just about ur life and ur finances and whats good for u

Yes its yours when you finish paying for it. LIke with everything else in the world.
it had 50k more miles that I put on it, wow. LOL.

Yes a person in a lease cares about renting someone elses new car so they can stunt. already know that.

 

[winb83]

Who has more than $20,000 cash? I dont have an inheritance. I didnt get an allowance. Factor in paying rent and bills, where exactly is this cash going to come from? You make do with what you have. Considering I have had the car for over 10 years and near 300,000 miles, how did I lose out?

Then don’t buy a $20,000 car. Part of living in your means is buying stuff you can afford. Outside of a house I’m not financing anything I can avoid.

 

[HacksawJimThuggin]

again... I hope y'all are keeping this same energy and buying used clothes at Goodwill and Salvation Army.

I also hope everyone on the "don't buy a car you can't afford to buy with cash" doesn't have a home mortgage or you're lookin funny in the light.


Like everyone has said, buying a car these days straight cash is stupid too. You can finance a lot of cars these days with interest rates in the 2's, and sometimes as low as 1%. Why would you not want to be liquid and use that money to invest when even conservative investments make more than 3%, assuming you know nothing about investing at all? Throw it into something like the S&P without even having to do any research at all and your money that you didn't put into the car is making you more than it costs to borrow the money you used to pay for the car.


I don't know if some of you guys are young, ignorant, financially illiterate, or just not experienced in these kinds of things, but I guess The Booth isn't really the best place to even be having this kind of discussion because you get dumb ass posts like the ones in this thread.

 

[nieman]

again... I hope y'all are keeping this same energy and buying used clothes at Goodwill and Salvation Army.

I also hope everyone on the "don't buy a car you can't afford to buy with cash" doesn't have a home mortgage or you're lookin funny in the light.


Like everyone has said, buying a car these days straight cash is stupid too. You can finance a lot of cars these days with interest rates in the 2's, and sometimes as low as 1%. Why would you not want to be liquid and use that money to invest when even conservative investments make more than 3%, assuming you know nothing about investing at all? Throw it into something like the S&P without even having to do any research at all and your money that you didn't put into the car is making you more than it costs to borrow the money you used to pay for the car.


I don't know if some of you guys are young, ignorant, financially illiterate, or just not experienced in these kinds of things, but I guess The Booth isn't really the best place to even be having this kind of discussion because you get dumb ass posts like the ones in this thread.

Most people can't get no 1-3%. You have to have a credit history for that, which means borrowing against something. Late on a few payments and you're fukked. And buying everything cash is just as troublesome. You'll have a 0 credit score, meaning absolutely no viable credit history which is just as bad as having piss poor credit, even worst in most cases. So now most people will have around 10%-20% interest rate.

As for investments, most people don't think far enough ahead to tell them to put money down now, on something that will be beneficial 20-30 years down the line. And to see a real interest rate, and not no .2% you have to have be liquid enough to have enough invested. It's all a tricky game. No one saw that housing market crash that had people screwed with their primary and rental properties.

I'm not gonna say anything is stupid, but whatever works for you and helps you do what you want to do for your life and your family.

 

[Art Barr]

Real talk, why would I buy anything other than a 4 cylinder to commute? Do you even understand the point to having an economy car? Real talk. Why do I need a large car to travel long distances every day?

The real question is,....
Why do you have to stay so far away from where you work and want to be in a four cylinder car and not a car that is made to actually drive the distance and feel like an actual man, tho?



Not to mention, if you got money to lease a new car. Why you complaining about money to begin with?
Do you see how crazy what you are saying equally is.

You trying to tell me you want to lease a new ford focus eco type.
When I can get a v12 for 6000, or more less. with super low miles and I can get the same car for ninety days, with a fraction of the cost deposit and full coverage insurance that replaces the full value of the car and actually make money if sumfin happened to the ride. Plus if I wanted to. I could trade it in off guarantee.
before the ninety days were up just off some wearable parts bullshyt and get another one in the same deposit or value amount.

I can get a brand new benz three to four years old brand damn new damn near. For twenty thousand and then sell it for fifty and do way more than the bullshyt you dumb ass leasers are talembout.
A person who leases a vehicle is just trying to keep up with joneses. Way out of their tax bracket.
However you spin it you look stoopid financially. Leasing a vehicle was made to stiff feminine baby boomer guys needing a look.
Or as a tax break for a large corporation. I know I sold the cars for all of Quaker.
to every rent a car agency in the world.

By making almost a triple up off of them per whip.
So, like I said you just trying to keep up with the exec above you in grade and perception in basic premise of how the whole leasing thing was created. This shyt been talked about as to the why's in fortune magazines and the like since I was a kid. hoping to find out how to realistically get a lambo at a young age.
Plus why most people were broke who had a lambo too.
So, all this shyt I know is a con and I learned a long time ago what to do for real for real from all this info over the years by the time I was at least thirty two as a science on beating this part of man-dom.


Art Barr

My car worth a double up,....tho.

My rims worth twice my car too and I only paid half of what my car worth for it all.
I got a 20000k, for less than six and I can make ten to twelve easy off my car.



Art Barr