A woman sells Maserati, only to find out the harsh reality of consuming the brand.
In the Tiktok post, which was created more than 105500 views to this writing, Yusuf (@Ridewithusuf) explains how Maserati decreased over time and how I learned a financial lesson in the difficult way.
To start, women share how a new 2022 Levante Mascarati bought for $ 130,000 MSRP and is now $ 20,000.
The woman invites Youssef to his opinion about what you should do with Magrishi. She tells Youssef about her great credit and 5 % interest rate, but she is still $ 20,000 upside down on the car.
“You owe about $ 41,000,” Youssef calculates.
Youssef assured her that she has a great balance and income, but there is a problem.
“Unless you put a large amount of money, your negative property rights will be transferred to a different car. If you buy a newer car, you will decrease and put you in a worse position. To get rid of this, you can rent a car. Warning will have a higher boost,” explains Yusuf.
The woman told Youssef that her current monthly payment is 1100 dollars for Maziraati, and that she is open to increase up to $ 1500 per month.
“I think I will continue to do so and I do not have a car batch after I finished paying,” I decided.
“Never buy Maserati; I always rent it,” Youssef advises.
“I am tired of riding something nice to prove something,” she realized.
“I am happy because my mesiri is your humility,” Youssef concludes.
Is it better to buy a new or used Levante Maserati?
Malik Maserati has shocked her discovery of Lovantte, who has decreased more than $ 100,000 since she bought it. This is why Youssef believes that it is better not to buy a new Maserati.
The low value of cars is the rate in which your car is lost over time, progressive Reports. So when the number of kilometers rises in your car, the value decreases.
In the first two years, on average, new cars decrease by about 30 percent and continue to decrease 8-12 percent every year, according to it. Kelly Blue Book.
“Luxury vehicles can decrease more because many luxury vehicle brands are not seen as reliable like some other brands,” ” Crobart Countries.
according to CAREDGEMaserati Levante will decrease by 70 percent after two years of property. A severe decrease in value occurs during the first year alone, by 50 percent.
“Always buy Maserati after the original owner ate consumption,” a commentator participated in Tiktok.
One of the other commentators added: “I love both Michati, but I will never buy new. They are great cars, but consumption is terrible.”
“Always buying Maserati used,” a third answered.
CAREDGE also agrees with this for the purchase of the new user. It recommends finding Levante Maserati between two and four years, as this new decreased quickly. While there are 70 % decrease in the first two years, the five -year low Lovanti is 74 %.
How to avoid going upside down on the car loan
“To be upside down on your loan means that you owe more money than your car than currently worth,” PNC Countries.
The completion of this is in a position in which you owe more money on your car more than currently deserves not perfect. Re -financing or trading in your car to roll negative shares to a new loan is considered ways to get out of this, according to PNC reports.
However, knowing the common situations that make people in a upside down loan can be useful to avoid entering this scenario on your own. Below are some of the common scenarios presented:
- Small or non -existent: The amount of the money you put upon purchase will specify the amount of money you need to borrow. With less funds, there will be more money due for more time for consumption to work. To avoid this, put more money in advance.
- Buying new or luxurious cars: Both decrease faster and may leave you under the water on your loan shortly after the purchase. To avoid this, the purchase user is suggested, as most of the consumption has already been made after purchase.
- Long loan payment period: Getting a longer loan will make the monthly payments less. However, your car can decrease faster than you pushing and you may end up with an inverted head loan. To avoid this, make higher monthly payments.
- High interest rates: The higher the APR, the longer it takes, the longer the payments will be put on the benefit first. To avoid this, get to know your budget and what is a realistic monthly payment at a favorable interest rate.
Motor1 Yusuf called via the direct Tiktok message. This story will be updated if replied.
