05-12-2013, 05:10 PM
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#8 (permalink)
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Base Member
Join Date: Feb 2012
Location: San Diego
Posts: 159
Drives: 13 370Z Mag Black M6
Rep Power: 15
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Quote:
Originally Posted by CDepp
Remember, all those previously made payments are stricken from your offset, and if you tacked on another year of payments....
WARNING: incoming maths!
So, if you were paying, say, $300/mo and, you owned the car for a year, you just lost $3600. And the additional year, if you got another 5 year loan/$100 more a month, is an add-on of $4000 for the new year. We're at $7,600, and add in the 4 years of combined loan coverage, and you sit at another $4,800. You're now at the real difference, not including any maintenance costs you've put into the car. $12,400 est.
From that number, you start deducting the wheels, and the personal preference of the new car and the package.
Sorry if that's any type of downer. And, no, it's not crazy if it's what you want to have and are happy with it.
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You have to remember that what I paid for the first year is what you pay for any car you own the first year. You can't just say the first year payments are a loss since you drove the car and got a years worth out of it. If I paid a year and never drove it, then I wasted a year of payments. But I got my years worth on the 2012. So now I'm starting over with the 2013. Does that makes sense? In the end it worked out for me to get into the car I actually wanted for not much more. I would have had to buy new tires which was the down payment. So for the same amount, I got a new car and a reasonably higher payment I can live with. So maybe I tricked myself into thinking it made sense or it actually does somehow, doesn't matter. Haha, I'm happy.
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