ilmscore | Car Financing Predictions

N/A

Accuracy

Recent Predictions

Total: 5

Correct: 0

Incorrect: 0

Pending: 5

Unrated: 0

Prediction

Author

Predicted at

Status

Video

Financing cars for 15 years leads to banks profiting from interest on assets that are likely no longer in existence.

"People don't keep cars for 15 years. And so if people are now financing their cars for 15 years, wel..."

Nov 12, 2025

Pending

The average monthly payment for a new car in the US is $737, and for a used car, it is $520.

"the average new car payment in America is $737 a month and the average used car payment in America i..."

Feb 5, 2025

Pending

Financing items that do not generate income, such as cars, is discouraged because it involves paying interest on depreciating assets.

"if this thing does not put money in your pocket you should not be financing it period... financing c..."

May 26, 2024

Pending

Car leasing is compared to flying first class, being a luxury that comes with an extra cost and is not the most cost-effective option.

"Leasing can work for some people or business owners in some situations for the tax purposes the tax ..."

May 21, 2024

Pending

The speaker advises against financing cars due to paying interest on a depreciating asset.

"even when it comes to your car I don't like financing cars I do not recommend financing cars"

Nov 11, 2023

Pending