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Message
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Posted on 1/7/15 at 1:25 pm to Breauxsif
quote:
What car brings positive equity nowadays
0
Posted on 1/7/15 at 1:28 pm to Breauxsif
quote:
What car brings positive equity nowadays?
OK, let's talk personal, not business, situations.
My point is that at end of a 48 or even 60 month term, the car will have some residual value, assuming normal mileage and proper maintenance.
A 2011 Explorer, even with 60K miles is probably in the $15K range. (Coach, jump in here if I'm way off).
So now, the consumer has a 15K down payment for the new vehicle.
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