this post was submitted on 12 May 2025
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Yes, because the people getting cars on payments have tons of cash lying around.
People who have money, lease. That allows you to exit quickly, and interest rates are cheap, you don't have to tie up your own liquidity.
People who have less money, but are sensible with it, pay cash. That allows you to never be stuck with a car payment you can't afford, and you get to keep your car if something bad happens to your finances.
People who don't have money, or have some money and want to live like they have more of it, get car loans. Unfortunately, some people can't avoid them because they truly don't have even the "50% less" lying around. Car loans are predatory, particularly in the US it seems, and these will fuck you up, causing a cycle where once you've paid off your car, it's not got much life left, or at least, you'd need a slightly larger emergency repair budget lying around, so people tend to get newer cars on new loans.
If you don't have and can't get $3-5k in cash do crime until you have it
(This is financial advice)
It's not bad financial advice either. You can get a free roof over your head if you get caught!
Though I hear being in prison in the US is expensive in its own right... Maybe not great after all