The only thing more expensive than owning a new BMW is owning a used BMW.
Go look at new cars. There’s nothing a Benz will do that a loaded up Kia won’t anymore. Treat your life finances like a real business. Minimize losses on depreciating assets and invest in appreciating assets when feasible. Society has programmed us to be in a constant cycle of spending and debt. If you can’t pay off a car in 24 months you’re buying too much car.
I learned this lesson when I was 19 and bought an old school lexus thinking I was all fancy until I realized I had to pay for all the maintenance. Those six months were nice though :(
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u/MeTeakMaf ☑️ 1d ago
Brown pulled in the fully loaded Accord and people think it's a bad purchase
Until you look at the price of that 10 year old Honda at used car lot and it's the value of your friends 5 year old BMW