Quote:
Originally Posted by cKy
I can afford my new car via monthly payments. Are you saying i should go car less for a year or two so i can just pay it outright?
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No, I am not saying you should do anything. It's your life, live it the way you want. Spend your money the way you want.
I was commenting on the way I choose to spend my money.
I do not finance because even though I could afford the payments I would rather not have monthly payments on a car that depreciates pretty fast and invest my extra money into buying rental properties.
A brand new car that loses $10,000 plus in its first couple years is not something I look forward to. But if someone has enough money to make that choice, and not have it effect them greatly then good for them. For me, like I said I'd rather invest that somewhere else.