Quote:
Originally Posted by Sassy Squatch
Car loans he's vehemently against. Advocates for buying used only, and that's where I think his advice is really just off and dated. The 5k used car he drones on about costs at least 10k more post COVID.
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The glaring problem is used car prices are exactly what they should be given previous mileage, lesser/lack of warranties, risk of major issues, resale value, how long until you need another car, etc.... and the same for leasing new vehicles versus buying.
If there was some magical hack of the economy where it made 100% sense for everyone to purchase or lease one over the other, the economy would adjust to make other options more attractive.