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Old 06-01-2009, 01:14 PM   #4
Perfectlap
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Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
well its like renting. You're limiting your loss in a bad market. This would definitely qualify as a bad market for new car sales.
Going forward you're simply not going to escape the reality that lending will be more stringent which means fewer buyers for supply that's just sitting right now.
You'd have to shoot me to buy a new car right now.

Don't get me wrong, I would never advocate leasing but if the payments are low enough you might lose less than buying new. You can probably buy a 3 year old Lambo Gallardo for less than the price of a new high end SUV. Its like that commercial where the guy brings hefty bags full of cash to the garbage truck.

meanwhile I contine to delude myself into believing that if I can keep my 986S looking immacualte for the next 20 years, It will sell for more than $7K a typical old car.
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Last edited by Perfectlap; 06-01-2009 at 01:17 PM.
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