when you buy a car you buy it because you dont think about selling it. Everyone will lose money on a car.
I always buy my cars upfront with cash, the car is YOURS as soon as you leave the showroom. With finance it belongs to the finance company and is never yours untill its settled. Like i say cant speak for the US, but I always pay outright.. no loan, payments ect.... rates are stupid and why waste money.
But if you plan on keeping a car for a few years and throwing it back and getting something else and keep on doing that then yer i see your point.
I just like to have thing to my name, not only is it a statment but my job pays very well so i dont really want to get involved in loans ect...
I get £110 per hour thats $220 per hour so its not really a problem. If i be stupid and jump into a ferrari my TAX will shoot up to 45% which is a no no!
I 100% see what you mean though and is a good thing if you dont plan in keeping the car or prepared to pay over so many years.
It just feels so much better driving a car thats paid for...
Its annoying when people jump into a lease car and scream i own a porsche ect..
pay for it then claim it.
However if you have finance with payments then thats ok, although its not yours yet your still making an affort to say i will settle the balance through settlement or payments. When your in a lease you borrow it for a few years...
I just hate the idea of debt, any kind of it. I need to know i can close my company tomorrow if i want and walk away. If i had higher purchase ect... then any company debt will eat that up.
do you know what i mean...
yellowjacket if everyone thought like you nobody would buy a new car and you wouldnt get the chance to buy...
I dont mean buy a NEW car i just mean even if its second hand paying for it up front in my life is much better!