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Old 04-05-2007, 05:13 PM   #16
ken0042
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Join Date: Apr 2004
Location: Close enough to make a beer run during a TV timeout
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One other factor to keep in mind- with that long of a term you may find that at year 4 or year 5 you will owe more than the car is worth. Which means no option for trading it in, and possibly an issue if the car is involved in a crash and needs to be written off.

I was in the same situation as you a few years ago, so I went and bought myself a 1 year old car. As was said above; not all of us can afford to buy a new car- myself included. One of the tough lessons I've learned throughout my financial woes is to not live beyond my means.

Also, are you sure where you will be in 6-7 years? I ask because I know you've tossed around moving to Yukon, Manitoba, and the East Coast.

Not trying to be preachy; just trying to help a guy out.
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