@BeatTakeshi@lemmy.world to Funny: Home of the Haha@lemmy.world • 24 days agoFarmboy's lamentlemmy.worldimagemessage-square70fedilinkarrow-up11.18Karrow-down118
arrow-up11.16Karrow-down1imageFarmboy's lamentlemmy.world@BeatTakeshi@lemmy.world to Funny: Home of the Haha@lemmy.world • 24 days agomessage-square70fedilink
minus-square@pearsaltchocolatebarlink2•23 days 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-square@pearsaltchocolatebarlink2•23 days agoYes, I’m a bootlicker because I understand how asset valuation and depreciation work.
minus-square@DragonTypeWyvern@midwest.sociallinkfedilink-1•23 days agoYeah, that’s the issue at hand, bootlicker.
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?