Quote:
Originally Posted by bob1
Simple math for me.
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I guess we all use different math. I too pay cash - $25K for my Max back in 94 and $35K for my
Mo (approx) back in 04. But I shop carefully, buy the cars I REALLY want, and am happy to drive them for many years, not worrying one bit about trade in values.
The way I see it, the $12K difference you are considering now (assuming your current
Mo value drops all the way to zero in a few more years, which it won't) is peanuts compared to what you will have in future savings and growth of savings/investments by then. Let's face it, a mere $100/week saved would more than make up that difference in only 2 years.
I've been shopping for a replacement for my Maxima for about 4 years, and I hope to continue shopping for a few more years (though rust is starting to play a part now). My
Mo is only 6 years old, so that should have many more years left. Meanwhile my savings and investments continue to grow (thanks to zero car payments and, of course, minimal maintenance expenses thanks to owning Nissans). So buying my next car, whenever that occurs and even if I decide to continue buying new, will be no problem.