09-22-2010, 05:54 PM
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#1 (permalink)
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A True Z Fanatic
Join Date: Jul 2010
Location: Virginia
Posts: 1,134
Drives: 2009 Touring Sp Nav
Rep Power: 19
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Quote:
Originally Posted by daleks
Otherwise it would've been better spent on paying down the car. Small variations in interest rates amount a couple grand over the life of the loan, which may or may not be much depending on your situation.
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I agree - given current savings rates, I realized I was better off paying cash then getting a loan. Saved much more money not paying interest than earning slowly.
Also, I like to buy used these days - forced into it by my desire for an NSX, but find it has advantages in addition to letting someone else eat the depreciation. I'm not afraid of buying new, though, since I tend to keep a car 10 years.
Last edited by wilsonp; 09-22-2010 at 06:09 PM.
Reason: wrote more stuff
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