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CarlBMenger | 5 months ago (raw) | export | reply | flag +17 
 After 70 months of payments, you've got a paid-off car that you bought for $40k, that ended up costing you $50k (thanks to interest), that's now only worth $16k (thanks to depreciation).
 
So, as astronomically stupid as that is, why are people still buying new cars?
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deeznuts | 5 months ago (raw) | root | parent | reply | flag +1 
 Not everything can be defined by an amortization table
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Obaid Aldadi | 5 months ago (raw) | root | parent | reply | flag +2 
 Good used cars paid fully for with cash/direct payment beats buying new cars if you have financial sense. If you're rich then that naturally doesn't apply.
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niltempus | 5 months ago (raw) | root | parent | reply | flag +1 
 the fresh new smell
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Sacred Peak | 5 months ago (raw) | root | parent | reply | flag +1 
 brand new car 
in it i take a spin on 
FB
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MacroView | 5 months ago (raw) | root | parent | reply | flag +2 
 210k miles on my Toyota…… no whey buying a car at all with 🌽 this cheap.

Separate and identify your needs from your wants and you will live a peaceful free life…………