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What company doesnt allow you to purchase the car after the lease is over? And why wouldnt they allow it? I have done it twice already so I know 2 companies that do.
Mathew Knowles on Meek Mill Talking Down on Leasing Cars
- Thread starter thernbroom
- Start date
That boy don’t know what he talkin about, don’t pay him no mind,
Rich folks in the vid sittin there tellin u they wish they leased when they first got cash and used the remaining dough to invest and he still in here tryna buy an item that will lose half its value in 3-4 years
David_TheMan
Banned
I literally said 30k, because it was written that you could put 30k down and pay a couple of thousand a month to lease a rolls royce. I said that down would have been better spent buying a lower priced car out right.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
Seems you are having trouble following the conversation and your own argument.
You talk about folks with money, not understanding that what makes financial sense for them doesn't apply to you.
Again the fact that you seem very adament about not having a "damn old used car" speaks to my point about you not moving with finance as a priority but image. You are image concious buyer.
No one is spending heavy amounts of money on maintance when you do your routine shyt, you speak like someone who never has owned a car.
A old car worth 200 is better than spending money and having nothing, which is worth nothing.
You need to open your eyes. If you are serious about saving money, you move that way, you put finances first and fukk the image.
Depends on the dealership, there isn't a guarantee they will do it. Thats all I'm saying.
On top of that, if you purchase after the lease, you still have to go through the process of buying the car again. You are just buying a used car, what you could have done from the get go. Doesn't make much financial sense to me.
And in that same scenario you could have leased that 2014 Charger for $1000 down and $200 a month. That extra $17k could have been invested elsewhere to actually make you money. So imagine the scenario of a Rolls Royce where we're talking about a $500,000 car.
Bruh we talkin bout rich folks in this thread. These rich folks ain’t buying no damn beat up 98 Corolla , they can afford to lease a rolls and still have good investments. Get that through your head man. We not talkin about folks who got 4 grand in their bank account.
I done bought a car over 20k straight cash. shyt is fukkin stupid. (I didn’t want to, that’s another story for another day)
Leasing and using the extra funds to invest >
Tookalossfellbackcameback
Superstar
Bottom line...never underestimate the power and flexibility of actual ownership over keeping up an appearance on a lease.
Niccas might clown because my Charger is a '14. Guess what, I can do whatever I want with it because its MINE. If I die tomorrow my Charger is an asset that can be sold, given to my daughter...whatever.
Your can't do shyt with your ride but keep paying a note on it. If you die tomorrow that shyt goes back to the dealership.
Niccas might clown because my Charger is a '14. Guess what, I can do whatever I want with it because its MINE. If I die tomorrow my Charger is an asset that can be sold, given to my daughter...whatever.
Your can't do shyt with your ride but keep paying a note on it. If you die tomorrow that shyt goes back to the dealership.
David_TheMan
Banned
No you aren't talking about rich people, because rich people can throw away 500k and not care about needing money to invest.
Stop it breh, you need "extra funcds" to invest you don't need to be renting cars for image, be about keeping liquidity and buy a good beater and invest.
Breh u think rich people don’t care about 500k?
Cole.. u stupid
“Extra funds” Is the simple term I used to describe to you how these rich folks lease a nice whip and use the monies that would have been spent on buying to further invest. It’s the smart thing to do, as plenty of rich people have said, including in the vid in the Op.
These same rich that u claim to have 500k to throw in the trash are not riding in a good beater for the most part.
Like I said, folks are gonna listen to actual rich people who all say the same thing versus you, mr. “Go buy a 500k car in cash and own it”.
David_TheMan
Banned
rich people don't care about 500k on a car because they have it to spend. I think you look at that as strange, but its probably because we have different levels of what we constitute as rich.Breh u think rich people don’t care about 500k?
Cole.. u stupid
“Extra funds” Is the simple term I used to describe to you how these rich folks lease a nice whip and use the monies that would have been spent on buying to further invest. It’s the smart thing to do, as plenty of rich people have said, including in the vid in the Op.
These same rich that u claim to have 500k to throw in the trash are not riding in a good beater for the most part.
Like I said, folks are gonna listen to actual rich people who all say the same thing versus you, mr. “Go buy a 500k car in cash and own it”.
I'm stupid but you are the one trying to claim it makes financial sense to drop 30k down to lease a rolls royce because you can save money for "investments" so it makes good business sense. LOL.
Rich people who lease don't do it for extra funds, they lease because the lease is a "entertainment" budget, and not essential to them.
Breh you have Matthew Knowles a man who declared bankruptcy because he only made 127k a year but had 51k in expenses per MONTH.
SMH
jilla82
Superstar
this is all wrong.
You can write off that lease...no maintenance...less payments.
If you arent buying a used car...you should just get a lease.
How many months are you financing your cars for?
and how long do you keep them?
Bruh declaring bankruptcy does not mean broke.
You still need to learn the basics, little one.
I never said they did it for extra funds, it’s just that those funds are “extra” aka funds that you can pocket to invest because one chose to lease instead of spend.
Learn to fukkin read. It don’t matter if rich people don’t care about 500k on a car, that’s not the argument, the argument is if leasing and using the extra funds to invest is the smarter option
It is. Stop bringing up extra shyt that isn’t central to the debate.
Stop quoting me til you learn the basics.
David_TheMan
Banned
That you ignored the fact that he makes 127k a year but has 51k in expenses per month, shows how little you pay attention to things that matter.
Again if you are trying to save money for your "extra" funds by leasing a rolls royce or ultra luxery vehicle, that should tell you off the bat your priorities are fukked up and you are making poor financial decisions trying to stunt.
Since you literally had a problem with me saying rich people don't care about 500k, the argument most definitely centered on our interpretations of what rich is.
You seem to have a problem actually defending the things you type. You type things and when what you type is countered you deflect and try to move on to something else and when that is responded to you repeat.
I feel for you. You remind me of those cats who got those crazy mortgages befoer the housing boom, where they were only paying interests and no principle because of crazy financing just so they could buy a house they couldn't afford.
Businesses can write off a lease, as an individual you aren't writing off a lease.
You pay no maintenance, so what, maintanance on a vehicle isn't expensive the first 10 years of modern cars, especially if you keep up your regular service.
If you aren't buying used, you should still buy over leasing, because again you still put the money spent towards an asset
It makes no sense to spend money on extended rentals.
First car I financed for 6 years, 2nd car financed for 4 years. I own both cars, first one got in 2006 and 2nd in 2017.
both don't make sense that's like saying it's better to get head from a tranny than to hit
All these rappers Lease Their luxury vehicles.
he really thinks using the extra 400K to invest isnt something rich people do
just stop it breh, the debate is about which is the smarter decision
you can believe what you want about beyonces dads income and worth
all the smarter and richer man than you agree that leasing luxury cars under a corp is smarter than buying
end of discussion
dude is having a mental breakdown trying to figure this out
he really thinks using the extra 400K to invest isnt something rich people dobruh there aint a financial advisor in this world that would recommend to a millionaire or billionaire to buy a new lambo
just stop it breh, the debate is about which is the smarter decision
you can believe what you want about beyonces dads income and worth
all the smarter and richer man than you agree that leasing luxury cars under a corp is smarter than buying
end of discussion
