Mathew Knowles on Meek Mill Talking Down on Leasing Cars

[666 ReVeNGe 666]

I feel you. I'm just honest with myself and I know that that I like having a new whip every few years, so I'll never attain the actual benefit of purchasing a car because I'll never keep it long enough to drive it for years after it's been paid off. It's convenient knowing the residual value of the car is pre-determined and I can just turn it in and get a new one after 2-3 years and not owe anything instead of worrying about being upside down on the car when I go to trade it in. Plus, the monthly payments are lower the entire time because I'm only financing the depreciation as opposed to the entire cost of the car.

Very true.
My wife has a 10 year warranty so we gucci.
But id lease in the future if i ever have to get a new car

 

[SouthSac916]

make another Bey

Starting to see why your rep points are......

 

[CrimsonTider]

Starting to see why your rep points are......

Solange ist anywhere close to Beyonce and Matthew Knowles wasn't apart of this project which was her most successful

 

[Slystallion]

Never said any car will give you a positive ROI. That said buying gives you an asset, whereas leasing leaves you with wasted money and nothing to show for it. its a bad financial decision period.

Pay less for a lease and again have no asset after spending your money that could be a note to someone who had a good DP. Makes no financial sense and its a waste of money period.


Who said you couldn't?
But then you wouldn't be talking about leasing but buying, after the fact and it isn't a guarantee they even allow you.

Are you keeping your car after making the payments and if so for how long? Now you have to factor maintenance costs that can be 2 to 3 k a year

Like I said the value of the car is already depreciated significantly and you have to sell it to finally see the benefit of being in a higher monthly payment unless you keep it well beyond the payment periods break even point, which is different for every car.

The time value of money of the monthly savings invested can actually negate or erase small long term advantage of buying yielded.

Now again this is why I say it all depends on the person's situation if your buying a Jeep wrangler you want to keep forever don't lease it but it because those shyts hold their value and owners keep them a long time.

Only buy cars your absolutely in love with and want to hold on for a decade or more

 

[Donald J Trump]

Nope.
You spending money on a 1/4 mil car and you have nothing to show for it after your lease you just threw money in the trash. You would have been better off spending that money you used for a high end lease on buying a mid tier car and atleast having the car afterwards, again, atleast you have an asset.

Wrong.
Why buy a half mil car, that depreciates, when u can lease, and use the monies not used to buy an asset that will appreciate


That’s what u misssin in this equation.

 

[theflyest]

Case by case basis. When Vlad does these financial talks, he’s only doing him from his perspective as a rich guy. What makes sense for him may not necessarily make sense for your everyday person.

 

[David_TheMan]

Are you keeping your car after making the payments and if so for how long? Now you have to factor maintenance costs that can be 2 to 3 k a year

Like I said the value of the car is already depreciated significantly and you have to sell it to finally see the benefit of being in a higher monthly payment unless you keep it well beyond the payment periods break even point, which is different for every car.

The time value of money of the monthly savings invested can actually negate or erase small long term advantage of buying yielded.

Now again this is why I say it all depends on the person's situation if your buying a Jeep wrangler you want to keep forever don't lease it but it because those shyts hold their value and owners keep them a long time.

Only buy cars your absolutely in love with and want to hold on for a decade or more

Again you keep the car or use it for trade in, you are better off because you either have the car as an asset or you have money tied into the asset and can possibly trade it it for another.

Where as with a lease you have nothing after the money spent.

There is really no finaicial benefit to leasing.
Leasing is what people do who want to live or pretend to live a lifestyle they can't really afford.

 

[David_TheMan]

Wrong.
Why buy a half mil car, that depreciates, when u can lease, and use the monies not used to buy an asset that will appreciate


That’s what u misssin in this equation.

You buy a 1/2 mil car when you can afford to buy one.
You don't lease it to try to live a lifestyle you really can't afford.
That poor financial decision making.

Not missing anything in the equation, because I'm actually thinking about what you get for your money, not image

 

[Juliano Soprano]

"We don't lease, we buy the whole car, as you should" - Jay-Z "Can I Live"

Was coming in here to ask why Vlad didn’t use this example

 

[1thouwow]

If u the type to keep upgrading and trading ur car in every few years then i recommend leasing it.

 

[Donald J Trump]

You buy a 1/2 mil car when you can afford to buy one.
You don't lease it to try to live a lifestyle you really can't afford.
That poor financial decision making.

Not missing anything in the equation, because I'm actually thinking about what you get for your money, not image

People that can afford to buy a half a mil car still lease it bruh, it’s less about image and more about having nice cars to match nice investments. It’s not poor decision making, because a corporation owns the car and can be written off.

It’s not that deep. No one wants to own a 2013 lambo in 2018, or keep playin the maintenance costs. Not to mention it won’t be driven every day anyways.

 

[FreshAIG]

Was coming in here to ask why Vlad didn’t use this example

Vlad don’t know anything about rap he’s a fraud

 

[Juliano Soprano]

Vlad don’t know anything about rap he’s a fraud

Culture vulture coulda got hundreds of thousands more views if he knew this line too

 

[Hardaway]

Case by case basis. When Vlad does these financial talks, he’s only doing him from his perspective as a rich guy. What makes sense for him may not necessarily make sense for your everyday person.

Your everyday person who makes average income and has 4-5 figure savings still leases just to look good on the road which is retarded

if you're broke just look broke

 

[David_TheMan]

People that can afford to buy a half a mil car still lease it bruh, it’s less about image and more about having nice cars to match nice investments. It’s not poor decision making, because a corporation owns the car and can be written off.

It’s not that deep. No one wants to own a 2013 lambo in 2018, or keep playin the maintenance costs. Not to mention it won’t be driven every day anyways.

Like I said, you are talking about making financial decisions from the looks angle and public perception.
I'm talking about making financial decisions from a money value perspective.

You can afford to throw away money, you are right lease or buy it, if you are looking at it from a financial value perspective though do not lease ever and never buy a car brand new, always get one used.