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Originally Posted by LPMiller
this seems like too much math to buy a car. If you like the car and can afford it and want it, buy it. If you cannot afford it, don't. Worrying about depreciation seems silly, unless you plan on dumping it in a year or two.
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Yup, that's how I feel about cars. A car isn't an "asset".. it's a mode of transport. Generally you really don't make any money on a future trade on them (which basically puts you right back into paying a car note...)
I'd much rather have a car I love, paid for, with very little resale value than constantly scurrying to cough up $400 per month to keep paying on "something" I honestly don't like but was available at the time of need.
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