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re: Average car costs $31K, depreciates 15% every year, sits idle 95% of the time
Posted on 5/12/15 at 2:35 pm to euphemus
Posted on 5/12/15 at 2:35 pm to euphemus
Easy to solve.
Don't buy new. Save car payment in savings. Pay cash for new car every five years.
Heck the car I have now (2008 Maxima) will be driven into the ground.
I'll have quite a bit saved for another when it dies.
Don't buy new. Save car payment in savings. Pay cash for new car every five years.
Heck the car I have now (2008 Maxima) will be driven into the ground.
I'll have quite a bit saved for another when it dies.
2
Posted on 5/12/15 at 2:38 pm to gatorrocks
quote:
Easy to solve.
Don't buy new. Save car payment in savings. Pay cash for new car every five years.
Heck the car I have now (2008 Maxima) will be driven into the ground.
I'll have quite a bit saved for another when it dies.
Not necessarily better than financing depending on the rate. That money isn't doing much for you
Posted on 5/13/15 at 10:24 pm to gatorrocks
same here. I have a Tacoma I'm going to run into the ground. It's actually still worth what I paid for it four years ago. (It's depreciated only $2k in two years and I got it $2.5k under book) I'm looking at a late 00's 4runner now (or a Ford Flex, I really like those..)
I don't see ever buying new or financing.
I don't see ever buying new or financing.
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