You’re a finance guy talking about opportunity cost but make payments on a depreciating “asset” (your car)……. Word of advice, pay off the car and you’ll see how much more you’ll enjoy it knowing you aren’t in debt bc of it. The car has you by the ball$$$$. It owns you. You don’t own it.
That’s what opportunity cost is, yes. It nowhere near has me by the balls, my net worth is high enough the loan really doesn’t impact me that much. I can pay off the whole car tomorrow but I get a higher return on that money than the rate on my loan, so I still net some money at the end of the year, not counting maintenance. It’s about deciding between maximizing how much I invest or keeping a toy. I would agree with you if I went into debt for the car and truly couldn’t afford it. But that’s just not the case, it’s a $35k car that’s mostly depreciated losing $1k a year, not a new $150k car about to lose 30k by next year.
@@BertskiZPolski debt free = freedom. You’re victim to the making the “spread” gimmick. To potentially make a few cents or dollars. You want to make money? Pay off the car and then that money you used to pay monthly for the car, invest it in mutual funds long term. Let’s say $500 a month for the next 30 years. Lmk how much better that looks than the spread you’re making now. You’re going through mental gymnastics to justify a car payment.
i wish i didnt live in a socialst tax hell! buying a car like this in my country is so expensive that it totally ruins it! maintaining a bmw costs so much its straight up economically irresponsible to own one. dont vote left kids!
You’re a finance guy talking about opportunity cost but make payments on a depreciating “asset” (your car)…….
Word of advice, pay off the car and you’ll see how much more you’ll enjoy it knowing you aren’t in debt bc of it. The car has you by the ball$$$$. It owns you. You don’t own it.
That’s what opportunity cost is, yes. It nowhere near has me by the balls, my net worth is high enough the loan really doesn’t impact me that much. I can pay off the whole car tomorrow but I get a higher return on that money than the rate on my loan, so I still net some money at the end of the year, not counting maintenance. It’s about deciding between maximizing how much I invest or keeping a toy.
I would agree with you if I went into debt for the car and truly couldn’t afford it. But that’s just not the case, it’s a $35k car that’s mostly depreciated losing $1k a year, not a new $150k car about to lose 30k by next year.
@@BertskiZPolski debt free = freedom.
You’re victim to the making the “spread” gimmick. To potentially make a few cents or dollars.
You want to make money? Pay off the car and then that money you used to pay monthly for the car, invest it in mutual funds long term. Let’s say $500 a month for the next 30 years. Lmk how much better that looks than the spread you’re making now.
You’re going through mental gymnastics to justify a car payment.
i wish i didnt live in a socialst tax hell! buying a car like this in my country is so expensive that it totally ruins it! maintaining a bmw costs so much its straight up economically irresponsible to own one.
dont vote left kids!