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Re: Finance car advice - ghetto fabulous style
Old 09-27-2006, 01:43 PM   #161
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Re: Finance car advice - ghetto fabulous style

Umm, has anyone noticed that this thread about cars has been alive for almost a year now?* Are we really that interested in used cars?
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Re: Finance car advice - ghetto fabulous style
Old 09-27-2006, 01:44 PM   #162
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Re: Finance car advice - ghetto fabulous style

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Originally Posted by SLC Tortfeasor
Umm, has anyone noticed that this thread about cars has been alive for almost a year now?* Are we really that interested in used cars?
Well, cars are one of the biggest potential financial drains on net worth. Can you name another large depreciating asset that just about every Merkin household owns?
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Re: Finance car advice - ghetto fabulous style
Old 09-27-2006, 02:03 PM   #163
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Re: Finance car advice - ghetto fabulous style

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Originally Posted by brewer12345
Well, cars are one of the biggest potential financial drains on net worth.* Can you name another large depreciating asset that just about every Merkin household owns?
Hey, only the land underneath the house is rising in value. And judging from HGTV, I suspect that people think their kitchens & furniture depreciate at least as fast as their vehicles.

Speaking of house depreciation, can you imagine a vehicle life of 27.5 years?

Instead of depreciating assets, how about compounding liabilities like credit-card balances... or kids?
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Re: Finance car advice - ghetto fabulous style
Old 09-27-2006, 02:15 PM   #164
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Re: Finance car advice - ghetto fabulous style

Quote:
Originally Posted by brewer12345
Well, cars are one of the biggest potential financial drains on net worth.* Can you name another large depreciating asset that just about every Merkin household owns?
Not really................there was an article a few years ago, that said the "average American" would spend between $250,000 and $300,000 for car payments, insurance gas, etc in their lifetime...............today it seems closer to $500,000.............a mighty big number.

Of course, paying cash for used cars is my method, pretty boring..........
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