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by Retric
1219 days ago
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No, I meant the cheapest new car vs the new car they can reasonably finance. The cheapest new car is generally cheaper than a nice used car and it’s got a vastly lower cost of ownership. Holding off on a X$/month car payment on a 50k car can very quickly turn into a new 18k car. Continuing to put away that same car payment and you’re able to buy a 50k car out of pocket quite soon. Essentially financing doesn’t make expensive cars more affordable it simply allows people to buy them sooner. |
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