Quote:
Originally Posted by The Yen Man
As long as he plans on living at home for the near future, I don't see the harm. But man, 9% financing is pretty high. Heck, my unsecured line of credit with my bank is at 5% and I think that's already high.
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That is exactly what I was trying to point out to my friend. Everything about the new vehicle would be more expensive.
- Premium fuel
- Higher monthly insurance
- More expensive to fix
- Huge monthly payments
He seems completely content to live at home. I just find it a bit backwards to buy a luxury car when you don't have any other bills and live at home.