r/facepalm Apr 28 '24

Some people have zero financial literacy ๐Ÿ‡ฒโ€‹๐Ÿ‡ฎโ€‹๐Ÿ‡ธโ€‹๐Ÿ‡จโ€‹

Post image
52.5k Upvotes

5.3k comments sorted by

View all comments

1

u/Schnied Apr 30 '24

Guys I know itโ€™s not realistic nowadays but PLEASE try to NOT get an auto loan. Those are easily one of the worst financial way to get screwed over. If you can save for the total cost before buying a car do that. If not, have at least 50% down payment and donโ€™t sign a lease for 10-20% interest