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I agree, which is why I lease cars. Let someone else own these depreciating hunk of metals!
except you will never stop paying got one.. Makes no sense. We own all 3 of our cars and don't pay a cent every month .. And my every day car has been paid off for 5 years now.. And you are still paying.. for something you will never own
After reading this article I thank God I'm not any younger than my 45 years and I have more of an attention span than the idiots that are controlled by their " smart " phones.
In fact, today I'm going to kiss my car and take the long way to work.
except you will never stop paying got one.. Makes no sense. We own all 3 of our cars and don't pay a cent every month .. And my every day car has been paid off for 5 years now.. And you are still paying.. for something you will never own
All the same. You pay $25,000 for a car new. Drive it 10 years, sell it for $5,000. Cost you $20,000 to drive it for 120 months or $166/month, plus whatever maintenance (tires, brakes, tune ups, tranny flushes, coolant flushes, etc) you dumped into it to keep the old thing running. I pay for oil changes and tire rotations. My lease payment is around $305/month with $0 down for 15k miles a year. I pay for the depreciation/use of the car, while you have your cash tied up into until you sell it off.
Sure I pay a small premium to drive a new set of wheels with the latest gadgets every 3 years, but well worth it to me. Most people that have a car paid off put the extra $200/300 month into a savings account to buy their next vehicle. Screw that, I would rather be driving a new car NOW than in 5 years from now.
All the same. You pay $25,000 for a car new. Drive it 10 years, sell it for $5,000. Cost you $20,000 to drive it for 120 months or $166/month, plus whatever maintenance (tires, brakes, tune ups, tranny flushes, coolant flushes, etc) you dumped into it to keep the old thing running. I pay for oil changes and tire rotations. My lease payment is around $305/month with $0 down for 15k miles a year. I pay for the depreciation/use of the car, while you have your cash tied up into until you sell it off.
Sure I pay a small premium to drive a new set of wheels with the latest gadgets every 3 years, but well worth it to me. Most people that have a car paid off put the extra $200/300 month into a savings account to buy their next vehicle. Screw that, I would rather be driving a new car NOW than in 5 years from now.
My "newest" vehicle is a ten year old Dakota R/T pickup.
In those ten years, I have only put 51,000 miles on it.
It looks, and runs just like the day I got it.
The only repair I have ever had to do to it was replace the starter about 4 months ago.
When was the last time someone walked up to your vehicle and said, "man that thing is awesome".
I hear this practically everytime I drive the pickup, and not a day goes by when someone doesn't give me the thumbs up, toots their horn, or gazes in amazement when ever they see my 66 Tbird.
So, owning (or even leasing) a new vehicle every year or so is not where it's at for a lot of people.
I am very happy to own the two vehicles I have , and other than the "fancy gadgets" you claim you like, I would put any one of my vehicles up against yours, compliment for compliment.
I dare say, you wouldn't get any.
Oh, and I have never owned a cell phone, and it is doubtful I ever will, so choosing a phone over a vehicle is a moot point.
Bob.
All the same. You pay $25,000 for a car new. Drive it 10 years, sell it for $5,000. Cost you $20,000 to drive it for 120 months or $166/month, plus whatever maintenance (tires, brakes, tune ups, tranny flushes, coolant flushes, etc) you dumped into it to keep the old thing running. I pay for oil changes and tire rotations. My lease payment is around $305/month with $0 down for 15k miles a year. I pay for the depreciation/use of the car, while you have your cash tied up into until you sell it off.
Sure I pay a small premium to drive a new set of wheels with the latest gadgets every 3 years, but well worth it to me. Most people that have a car paid off put the extra $200/300 month into a savings account to buy their next vehicle. Screw that, I would rather be driving a new car NOW than in 5 years from now.
nope. Ill keep my cars for 25 years.. $25,000 divided by 25 years = $83 a month... AND Ill still sell it for a few thousand. 25 years you will pay $105, 000 to rent cars and Ill pay maybe $32,0000..
I'd rather pay $7 per gallon of gas than use public transportation.
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