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Originally Posted by V_RocKs
Even with low insterest rates, Sherm is forgetting that you are paying extra $1000's for a car that IS DEPRECIATING. Which is why I pay cash or pay most of it off and then quickly pay the rest.
Why pay an extra $100 a month or more on a depreciating asset?
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True... But I also never buy new cars, so depreciation isn't nearly as bad (I bought my 5 series 10k under private party blue book and it's still holding it's value). I lease new, buy used. I am never upside down.
