Phoonzang@lemmy.worldtoTechnology@lemmy.world•More Than 80 Percent Of Americans Can’t Afford New CarsEnglish
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1 year agoIt’s completely wild to me that the default for buying a car comes up to a monthly payment, why not pay cash? Save those 800 for three months, buy a beater for 2400. While driving this into the ground, continue saving the 800, even if that beater craps out after six months, you can upgrade to a 4800 not-so-crappy beater, rinse and repeat, and at some point you saved up the 48000 to get that new car. Financing something that depreciates in value quickly and exponentially at anything above the inflation rate is, financially speaking, complete and utter nonsense to me.
Because WFH has shown that large parts of middle management are useless, and those MM people are pushing upper management for RTO before it becomes evident. It’s what MM has always done, suck up to UM and kick down on the workers, without real benefit to the company.