BeatTakeshi@lemmy.world to Funny: Home of the Haha@lemmy.world · 3 months agoFarmboy's lamentlemmy.worldimagemessage-square62fedilinkarrow-up11.01Karrow-down120
arrow-up1990arrow-down1imageFarmboy's lamentlemmy.worldBeatTakeshi@lemmy.world to Funny: Home of the Haha@lemmy.world · 3 months agomessage-square62fedilink
minus-squarepearsaltchocolatebar@discuss.onlinelinkfedilinkarrow-up2arrow-down1·3 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-squarepearsaltchocolatebar@discuss.onlinelinkfedilinkarrow-up1arrow-down1·3 months agoYes, I’m a bootlicker because I understand how asset valuation and depreciation work.
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up1·3 months agoYeah, that’s the issue at hand, bootlicker.
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.