Mathew Knowles on Meek Mill Talking Down on Leasing Cars

[Donald J Trump]

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.

I clearly broke down how it’s not purely just a looks angle perspective.

Some of the richest people alive with financial advisors lease their cars.

That along with the fact that a Lamborghini will lose half it’s value in a few years along with having huge upkeep costs tells me that its not a good investment to own long term


Versus

Leasing and using the funds you woulda spent on buying straight out in an investment.
You’d come out with a higher net worth that way.


shyt u got jay z and mr, knowles and glad tellin u leasing is smarter, who should we listen to, you, or them rich dudes

 

[Soundwave]

 

[TNOT]

I own a lease.

Started the contract in 2016, basic 3/36k mileage lease. Over those 3 years my payments will have totaled right at 6k.

I only have 14k miles on the car .

My situation is different than most. I dont live where I work. Leasing worked for me because I depend on having reliable transportation while I'm at work. Everything is under warranty.

 

[David_TheMan]

I clearly broke down how it’s not purely just a looks angle perspective.

Some of the richest people alive with financial advisors lease their cars.

That along with the fact that a Lamborghini will lose half it’s value in a few years along with having huge upkeep costs tells me that its not a good investment to own long term


Versus

Leasing and using the funds you woulda spent on buying straight out in an investment.
You’d come out with a higher net worth that way.


shyt u got jay z and mr, knowles and glad tellin u leasing is smarter, who should we listen to, you, or them rich dudes

Rich people who can afford to throw money away on frivilous things without any harm, is one thing.
People who can't afford to throw away a few thousand a month live under different financial rules.
The fact that you said , you can't be driving a 2005 lambo in 2018 hit home the fact that your argument is purely from a perception stand point, not a financial stand point.
Leasing a vehicle for the average person who isn't a millionaire is a bad financial decision, period. No ifs ands or buts about it.
You talking net worth, but trying to save money to lease, you are failing. You want to build your income you buy a used car and save accordingly.

 

[Marlo Barksdale]

"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

Jay & Biggs have both used that line to show how financially irresponsible they were back then.

Fact-Checking Jay-Z: Ten Instances in Which Decoded Doesn’t Tell the Whole Story
"Advising to buy a car rather than lease speaks to my naïveté at the time. Cars lose value the minute they leave the lot.” - Jay-Z referring to that line in his book "Decoded"

@5:15

Biggs is actually the one who inspired that line because he would say it all the time back then to floss. But,he's also said in recent interviews that that exact line helps shows how financially wasteful they were then and how 4:44 shows their growth. I'd have to go thru different hour long interviews but he's talked about it on multiple interviews.

 

[Tookalossfellbackcameback]

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

The issue isn't necessarily the person making 35-40 grand a year leasing an Escalade or Audi, that can be budgeted believe it or not...it's the breh that has nothing to his name, on papers for child support, making $13 an hour living in a one bedroom 600 square foot apartment trying to find somebody to co-sign on a 2018 Charger SRT.

Shyt like THAT is what you see all too often where I come from.

 

[Donald J Trump]

Rich people who can afford to throw money away on frivilous things without any harm, is one thing.
People who can't afford to throw away a few thousand a month live under different financial rules.
The fact that you said , you can't be driving a 2005 lambo in 2018 hit home the fact that your argument is purely from a perception stand point, not a financial stand point.
Leasing a vehicle for the average person who isn't a millionaire is a bad financial decision, period. No ifs ands or buts about it.
You talking net worth, but trying to save money to lease, you are failing. You want to build your income you buy a used car and save accordingly.

Bruh it’s not about JUST saving money, get this through your head.

Tbh u not grasping simple shyt that I’m pointing out. I literally studied personal investing in college fam. Listen.

Some people want to drive nice whips AND make nice investments
Most of my argument is a fincancial standpoint, and I even cited actual rich folks that own businesses that agree with my point.

Buying a 20000 whip cash versus leasing for 199 a month and using the other 19800 (or 18000 if u wanna put a good round number on it) to buy stock that may increase x4 and bring your 18000 to 72000 is a much better financial decison.

Just stop breh. You can be rich as fukk and lease a whip.

 

[L&HH]

Matthew Knowles is an idiot.
This is why he was selling Destiny Child memorabilia at a yard sale. SMH Beyonce's father Mathew Knowles 'was selling his daughter's memorabilia' | Daily Mail Online

Leasing makes no financial sense because you spend money and after the lease you have no asset to show for the money spent. Sure cars depreciate, but its better to have a depreciated car than no asset at all and the same lost money.

SMH

Leasing makes a lot of financial sense. Instead of parking $500k in a car. You spend $30k down and $3000 a month for the same car. That extra $400,000 you can use and invest elsewhere. There are plenty of articles on why leasing expensive cars is the smarter option:

It Makes More Sense to Lease a Rolls-Royce Than to Buy One

 

[Tookalossfellbackcameback]

Rich people who can afford to throw money away on frivilous things without any harm, is one thing.
People who can't afford to throw away a few thousand a month live under different financial rules.
The fact that you said , you can't be driving a 2005 lambo in 2018 hit home the fact that your argument is purely from a perception stand point, not a financial stand point.
Leasing a vehicle for the average person who isn't a millionaire is a bad financial decision, period. No ifs ands or buts about it.
You talking net worth, but trying to save money to lease, you are failing. You want to build your income you buy a used car and save accordingly.

I haven't read or listened to ONE reputable financial "guru" who is a proponent of leasing.

Part of building your finances is avoiding the temptation to spend frivolously.

 

[David_TheMan]

Leasing makes a lot of financial sense. Instead of parking $500k in a car. You spend $30k down and $3000k a month for the same car. That extra $400,000 you can use and invest elsewhere. Their are plenty of articles on why leasing expensive cars is the smarter option:

It Makes More Sense to Lease a Rolls-Royce Than to Buy One

Yeah makes no sense whatsoever if you actually need your money.
you could buy a used car for 30k outright and spend less than 1k a month in maintance. Like I said, you all are really just talking about trying to look rich, not actually being rich or building income.

Bruh it’s not about JUST saving money, get this through your head.

Tbh u not grasping simple shyt that I’m pointing out. I literally studied personal investing in college fam. Listen.

Some people want to drive nice whips AND make nice investments
Most of my argument is a fincancial standpoint, and I even cited actual rich folks that own businesses that agree with my point.

Buying a 20000 whip cash versus leasing for 199 a month and using the other 19800 (or 18000 if u wanna put a good round number on it) to buy stock that may increase x4 and bring your 18000 to 72000 is a much better financial decison.

Just stop breh. You can be rich as fukk and lease a whip.

You haven't said anything that changes my mind.
I went to college as well, saying you went to college and went to class isn't delivering a compelling argument though.

You want to drive a nice car, again like I said you are talking about making a financial decision based on appearances, not finances first and foremost.
You want to make investments and you need money, don't waste it in a ultra luxury car trying to look the part.

You buy a car or get a used beater and save or invest the money with that, again in no way for a person who needs money or can't afford to throw money away for entertainment, does it make sense to least. Not financial sense.

 

[Donald J Trump]

Yeah makes no sense whatsoever if you actually need your money.
you could buy a used car for 30k outright and spend less than 1k a month in maintance. Like I said, you all are really just talking about trying to look rich, not actually being rich or building income.


You haven't said anything that changes my mind.
I went to college as well, saying you went to college and went to class isn't delivering a compelling argument though.

You want to drive a nice car, again like I said you are talking about making a financial decision based on appearances, not finances first and foremost.
You want to make investments and you need money, don't waste it in a ultra luxury car trying to look the part.

You buy a car or get a used beater and save or invest the money with that, again in no way for a person who needs money or can't afford to throw money away for entertainment, does it make sense to least. Not financial sense.

Bruh I just broke down buying a 20000 car,not a luxury vehicle.

You ignoring everything that folks who have been there and done that are saying.

We’ll let you buy things that lose 50% of its value and spend 30K at once on it, instead of leasing and using the extra cash to invest, carry on

 

[KyokushinKarateMan]

It’s okay to lease if it fits your needs at the moment

It is always okay to buy and own the vehicle if you prefer, no matter the needs at that moment

Please do not give merit to these boogeyman stories about “needing a family repairman” if you own a vehicle

Take care of the vehicle, leasing or buying, and it will take care of you

Worried about warranties? That’s what extended warranties are for

 

[Tookalossfellbackcameback]

Yeah makes no sense whatsoever if you actually need your money.
you could buy a used car for 30k outright and spend less than 1k a month in maintance. Like I said, you all are really just talking about trying to look rich, not actually being rich or building income.


You haven't said anything that changes my mind.
I went to college as well, saying you went to college and went to class isn't delivering a compelling argument though.

You want to drive a nice car, again like I said you are talking about making a financial decision based on appearances, not finances first and foremost.
You want to make investments and you need money, don't waste it in a ultra luxury car trying to look the part.

You buy a car or get a used beater and save or invest the money with that, again in no way for a person who needs money or can't afford to throw money away for entertainment, does it make sense to least. Not financial sense.

Case in point...

I drove a 1997 Pontiac Sunfire, saved up 13 grand, bought a 2009 Dodge Charger SXT, saved up more bread, sold the Charger for 9 grand and used an additional 11 grand saved and bought a 20+ grand 2014 Charger R/T.

Brehs don't understand the freedom of having a whip without a note, miles restrictions or the ability to customize your shyt.

 

[David_TheMan]

Bruh I just broke down buying a 20000 car,not a luxury vehicle.

You ignoring everything that folks who have been there and done that are saying.

We’ll let you buy things that lose 50% of its value and spend 30K at once on it, instead of leasing and using the extra cash to invest, carry on

You aren't talking about anything breh, you really aren't. I feel for you because you seem to really think you are talking about making good financial decisions when you aren't.
Buy a used already heavily depreciated car, you are out ahead and you have an asset to use or possibly liquidate when you are done paying it off.
You can use the money on a used car to invest and have free.
It isn't that hard a concept to understand.
Wasting your money trying to flex by renting a car isn't a smart money move period.

 

[Donald J Trump]

You aren't talking about anything breh, you really aren't. I feel for you because you seem to really think you are talking about making good financial decisions when you aren't.
Buy a used already heavily depreciated car, you are out ahead and you have an asset to use or possibly liquidate when you are done paying it off.
You can use the money on a used car to invest and have free.
It isn't that hard a concept to understand.
Wasting your money trying to flex by renting a car isn't a smart money move period.

Now now now, don’t switch shyt up and move the goalpost, you was just talkin big about buying a car with 30k cash.

Besides the video linked has folks with money talking of leasing a rolls , not not damn old used car. Prolly end up spending more in maintenance than the car is worth. talkin about liquidating, that old ass car gone be beat up and worth a stack