re: Mercedes Winter Sale Event..Low rates..

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No but he asked an honest question. Why the hate?

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It's the money board. Anyone who finances a depreciating asset should be challenged on it. I do it, most people have done it, but honest challenges on "How much are you spending? Why? Why this car at this time, if you have to finance?"

Even if it is "only" 1% - you're still rolling your net worth back. It's one thing when you go and pay cash, hopefully at FMV, for a depreciating asset - when you decide to take the loss, you can negotiate from a position of reasonable strength - you've got the asset.

When you finance for an extended term (as many of these luxury cars are - sometimes 120 months - can you imagine - you'll be underwater for 9 1/2 years ) - you're a slave to that note. You can walk away, but will have neither the car nor the money - just a note. Or you have to come out of hip national bank to pay the difference.

Financing cars from an early age costs you millions of dollars when you combine the depreciation, finance charges (yes, even at 1%, they add up), TTL, and opportunity costs of what you could have been doing with that money all along.

And for what - at the end of the day you have a used car that nobody wants.