@[email protected] to Funny: Home of the [email protected] • 8 months agoFarmboy's lamentlemmy.worldmessage-square66fedilinkarrow-up11.18K
arrow-up11.18KimageFarmboy's lamentlemmy.world@[email protected] to Funny: Home of the [email protected] • 8 months agomessage-square66fedilink
minus-square@[email protected]linkfedilink3•8 months 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@[email protected]linkfedilink3•8 months agoYes, I’m a bootlicker because I understand how asset valuation and depreciation work.
minus-square@[email protected]linkfedilink1•8 months agoWhat, you not understanding how finances work?
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?