BeatTakeshi@lemmy.world to Funny: Home of the Haha@lemmy.world · 7 months agoFarmboy's lamentlemmy.worldimagemessage-square70fedilinkarrow-up11.19Karrow-down119
arrow-up11.18Karrow-down1imageFarmboy's lamentlemmy.worldBeatTakeshi@lemmy.world to Funny: Home of the Haha@lemmy.world · 7 months agomessage-square70fedilink
minus-squarepearsaltchocolatebar@discuss.onlinelinkfedilinkarrow-up3arrow-down1·7 months agoMost car loans are upside-down the second you drive it off the lot. It takes a long time to get out of negative equity, so the vast majority of people who have their cars repossessed don’t have any equity built up.
minus-squarepearsaltchocolatebar@discuss.onlinelinkfedilinkarrow-up3arrow-down1·7 months agoYes, I’m a bootlicker because I understand how asset valuation and depreciation work.
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up1arrow-down2·7 months agoYeah, that’s the issue at hand, bootlicker.
minus-squarepearsaltchocolatebar@discuss.onlinelinkfedilinkarrow-up1arrow-down2·7 months agoWhat, you not understanding how finances work?
Most car loans are upside-down the second you drive it off the lot. It takes a long time to get out of negative equity, so the vast majority of people who have their cars repossessed don’t have any equity built up.
🥾👅
Yes, I’m a bootlicker because I understand how asset valuation and depreciation work.
Yeah, that’s the issue at hand, bootlicker.
What, you not understanding how finances work?