As u get older (and wiser)-- U realize that buying used/investing the difference is smarter..
I have a 6 -8 mpg vehicle--with 2 diesel gas tanks..
We also have a 6 cyl miniVan
+ 2- 4cyl cars..Im gonna get a hybrid next.
I can make no more than 5.5-6 % on my money safely-so if the pyts are more than that- its wiser to just pay cash.
(Ive got relatives than boast--"well-Ive got $60,000 in a money market acct")--I tell them , Yea-SO--youre earning what 4-5% on that, and you pay what 11-15% on your cc's each month?? Doesnt make sense--
Weve got a friend whos a lawyer-he gets a brand new car every year.
He leases.
No repairs. always has the latest Hot vehicle. So, for him, i guess it pays? He just traded the lexus small car with the broad front end--dont know what it was called--but it was a 2 seater--now he has the new caddillac, dvs or sts? cant remember..
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