@[email protected] to Funny: Home of the [email protected] • 1 month agoFarmboy's lamentlemmy.worldmessage-square70fedilinkarrow-up11.17K
arrow-up11.17KimageFarmboy's lamentlemmy.world@[email protected] to Funny: Home of the [email protected] • 1 month agomessage-square70fedilink
minus-square@[email protected]linkfedilink3•30 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@[email protected]linkfedilink3•30 days agoYes, I’m a bootlicker because I understand how asset valuation and depreciation work.
minus-square@[email protected]linkfedilink1•30 days 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?