12-15-2009, 03:11 PM
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#26 (permalink)
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Enthusiast Member
Join Date: Nov 2009
Location: Long Island, NY
Posts: 421
Drives: '09 370z Base Red AT
Rep Power: 16
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Quote:
Originally Posted by Slynky
So, as long as you're trying to determine, for instance, if buying a cheaper house will allow you to have a more expensive car, you should also consider if paying/wasting (for example) $3,000 in interest over the life of the loan is worth having it NOW instead of saving up for it.
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The reason why I don't cry about the $3000 interest and call it 'borderline marketing' is because I could be picking a car which advertises 0% interest and then just eliminate this factor --- but no. That wouldn't be right. So I will look at it holistically - that OK, I'm going to be spending $X overall - for SOME product. And is it going to be ok living in a house $X cheaper than what I would buy if I don't buy a $X car.
Overall, I feel consensus though, with mica's and your arguments. BTW I'm 24.
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