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Originally Posted by xlogger
Lol, i actually saw a HOT black 3 series @ the dealership today.
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First mistake was seeing it and going straight for the idea it is "hot"
Second mistake is considering buying it - especially with a loan.
Third mistake is considering buying *any* car on a loan. You would effectively be paying interest on a depreciating asset.
Get whatever vehicle xlogger - but without loans - pay cash. And remember even that cash you do pay, depending on the more "exotic" the car - it's like pouring it down a drain and earns you nothing.
Loans are for scenarios you can earn from - "consumer loans" gotta be the most insane concept ever invented, - but well-sold by finance companies and car dealerships.