So let’s find outthat's easy to determine. I know what I paid, and I can easily find the MSRP of the car.
So let’s find outthat's easy to determine. I know what I paid, and I can easily find the MSRP of the car.
Bad way to manage financesNext car I’m buying is going to be in cash or all up front. Not doing anymore payments
Not necessarily.Bad way to manage finances
I couldn't afford a Bimmer and I didn't like how the 4runners looked..Acura is overpriced and slow.
Buy a BMW with the inline 6. It's actually reliable, which is why Toyota uses it in their Supra.
From now on I’ll only buy new. Last 2 vehicles I bought new. You get exactly what options and color you want, don’t have to worry about how it was treated before you, it’s pristine when you get it.
so long as you plan on keeping it for a while your resale makes it worth it too.The depreciation after 1 month don’t meant shyt to me.
buying new + paying your car off ==
From now on I’ll only buy new. Last 2 vehicles I bought new. You get exactly what options and color you want, don’t have to worry about how it was treated before you, it’s pristine when you get it.
so long as you plan on keeping it for a while your resale makes it worth it too.The depreciation after 1 month don’t meant shyt to me.
buying new + paying your car off ==
Someone told me if youre thinking about buying a car save what you think the monthly payment will be for 6 months or so to see if you can handle the payment.I think the key to always buying new is paying the car off for positive trade in and adding cash.
Come to think of it, maybe people need to start giving themselves a vehicle allowance. Even if it's $200/month. You'll have nearly $10,000 cash every 4 years for a new car down-payment. Add your trade in and you got $25k towards a new car.
Hoping to minimize depreciation =/= investment. Something that loses value systemically, 95% of the time, isn't an investment.People in here saying a car isn't an investment, as if they drive them until they have to be scrapped in the junkyard and buried.
90% of you are going to end up re-selling your car at some point and you know it. That makes it an investment.
The other 10% only don't end up selling because they totaled it before it could happen.
Certain vehicles maintain their value stronger than others, others depreciate more quickly. You buy a big ass truck in 2014 , some cac is still going to pay you a nice stack for it 2024 so he can offroad and go hunting with it. You buy a compact ford fiesta in 2014, you be lucky to get $800 for it in 2024.
Meaning if you are in the market for a fiesta, you might as well buy it used.