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Posted on 12/25/22 at 8:07 am to Hamma1122
If you were selling a 40k vehicle to buy a 30k vehicle and invest 10k into something else I might get it.
The odds of you taking that money out and investing it into something else that will make you more than 20k+ (before interest) is highly unlikely.
The odds of you taking that money out and investing it into something else that will make you more than 20k+ (before interest) is highly unlikely.
This post was edited on 12/25/22 at 3:17 pm
Posted on 12/27/22 at 7:28 am to Motownsix
You have new car fever and are trying to justify it with numbers, it won’t, take some Tylenol for the fever, get some rest and sit on it for a month, if then it is what you want to do , do it because you want it not because it was a financially good decision
Posted on 12/27/22 at 10:17 am to Tigerpaw123
+1
Posted on 12/27/22 at 11:41 am to Motownsix
Whats happening right now is finance companies are waiving stipulating new loans on the closing of a previous open auto.
Instead of taking the hit from less people buying cars, they're choosing to finance you on a new car and letting you default on your other financed car.
Repos will skyrocket, which will cause the used market to tank.
I'd guess 6-9 months from now will be a great time to buy a used car.
Instead of taking the hit from less people buying cars, they're choosing to finance you on a new car and letting you default on your other financed car.
Repos will skyrocket, which will cause the used market to tank.
I'd guess 6-9 months from now will be a great time to buy a used car.
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