You’d have to have a 50% down payment for a 7 year auto loan not to be upside down at some point. The most I’ve ever spent on a vehicle was $32,000, and that was too much. It was a company vehicle, though, so I rationalized it on depreciation. Didn’t last too long, bought it in 2007, then came 2008. Very rough year for me personally and for many others. Sold it, got some money out of it because it was on a three year note. I guess I’ll end up being like some of those old folks traumatized by the Great Depression, I’ll be a skinflint for the rest of my life, lol. No way I’m ever over-extending myself again.
***I guess I’ll end up being like some of those old folks traumatized by the Great Depression, I’ll be a skinflint for the rest of my life, lol. No way I’m ever over-extending myself again.***
Here here. I’ve got a 1990 Camaro sitting outside that’s fixing to be rebuilt so I can drive it and give my daughter my 2009 Camry. I’m terrified to have another bill!