Buying a nice car for personal satisfaction

[ncole1]

Originally Posted by froglipz

Your money, your choice!

Sure, if you pay cash for the car.

Originally Posted by johnmanners

You do realize that the majority of people finance cars, and because the cost of cars has skyrocketed over the past decade instead of downsizing the cars people continue to buy the cars they want and extend the length of payment.

It used to be that the 60 month loan term was the most popular, now it is 84 months.

Some are even going for 97 month loans!!!:

Yahoo!

The American way is to find a way to finance what you want at the monthly payment you want. Nobody cares about the absolute cost of something or even about their net worth.

Well then so much for the argument that "it's your money, do as you please". If you have a loan, IT IS NOT YOUR MONEY, IT IS THE BANK'S MONEY!!!

[lmw36]

Originally Posted by AnywhereElse

Save up and pay cash for the car. The income you are making today could be gone tomorrow or greatly decreased and then someone will get a steal of a deal when yours is repossessed.

This is exactly how I feel.

This is why my husband and I only buy what we can afford in cash. We drive old, paid for cars. Whenever I get excited about a purchase or am thinking about buying something "big", I ask myself if the cash is REALLY worth it.

A car is a lot easier to swallow when the payments are 200, 300, 400, 500, whatever hundred dollars a month. When it's 40k in cash? Not so much.

But then again, I'm not a car person.

[hawaiishrimp]

I think you should just go ahead and buy that luxury you always wanted.