That Mr.MoneyMustache that someone posted here (amazing read btw) realy drives home how horrible putting money and payments into vehicles is. This is of course provided that you're not able to invest a significant portion of your salary because of said vehicle payments. If you're well off and save/invest a crapload and can still afford new vehicles then have at'r.
But the truth is that's not most people with vehicle payments. Most save/invest next to nothing or even nothing and just feel like a new or newer vehicle on a monthly payment is simply a necessity because society has made us feel that way.
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