Upside down & Moronic purchases thread

[Revelations]

Visiting a dealer only buying outlet today. They have a ton of repos right now, like more than they've ever had and the owner has been in business for 27 years. Showed a repo from ONE guy (of course they didn't name him)

2023 RAM 3500, 167k, all bro'd out with lift, tires, etc.

2023 Voltage 5th wheel, massive thing, like 45ft or so.

Pair of 2024 Ski-Doo snow machines.

This wild looking Can Am off road machine, don't want to even call it a side x side, its HUGE, 4 doors, turbo engine, navigation, thing is wild. Said it was over $68,000 new!!!

2021 Malibu Wake boat

 2024 Cadillac Escalade V- Series, absolutely trashed inside. Cigarette butts everywhere, stupid brand logo stickers outside and in, a dog chewed half the seats up (dollars to doughnuts it was a Pitbull). Exterior was very rough. Tires showing belts. Just a mess. Bank needs $125,000

Some big fat Harley bike-

Like honestly, can't figure out why a lender would just allow this. He was supposedly a business owner that went bankrupt. I'm guessing he had no liquidity, thus having to finance everything to the moon. I'll bet the bank is going to take a pretty good bath here. The sheer volume of "toys" coming in is shocking. People obviously see no problem financing a monster travel trailer for six figures, then the truck to pull it for another 100k. For what? A few weekends a year? When a bank needs to lease a 10 acre holding yard for all this stuff you know its getting bad.

[GreatBigAbyss]

^^^ Insane.

The only thing I'm leveraged in right now is my house, and that's appreciated 50% since I bought it 12 years ago!

[Bridgecity]

That's 700k+ in toys in a few years.  Ouch.  I mean, if you've got the cash, great.  But this guy obviously didn't.

[Firm]

Man, that's wild....Can't understand how people can live like that and just think it's OK. Lender was just a stupid on that one too though, sounds like everyone got what they deserved, lol.

[RRocket]

Man, that's wild....Can't understand how people can live like that and just think it's OK. Lender was just a stupid on that one too though, sounds like everyone got what they deserved, lol.

I guess if you're going to do stupid shit, it's better to do it with someone else's money?