Okay, at 5% for 10 years still makes the payment $477. Ouch.
Okay, at 5% for 10 years still makes the payment $477. Ouch.
Americans waste more money on cars than any other product. Never buy a depreciating asset using financing. My rule was and still is, if I can’t pay cash for a car, I can’t afford it. I lived by that rule for 30 years and now I can afford any car I want. But I like my 12 year old truck so I still drive it. I bought the wife a new car.