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Farmboy's lament (lemmy.world)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 5 months ago (1 children)

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.

[–] [email protected] -1 points 5 months ago (1 children)

🥾👅

[–] [email protected] 2 points 5 months ago (1 children)

Yes, I'm a bootlicker because I understand how asset valuation and depreciation work.

[–] [email protected] -1 points 5 months ago (1 children)

Yeah, that's the issue at hand, bootlicker.

[–] [email protected] -1 points 5 months ago

What, you not understanding how finances work?