Welcome Guest
Sign In | Register

Say you buy car for $20K over 5 year loan. Same car 5 years

Posted on: September 8, 2016 at 01:59:33 CT
TigerMatt STL
Posts:
92850
Member For:
26.25 yrs
Level:
User
M.O.B. Votes:
1
later and it will be around $22K-$23K new.

If you take the original $20K car and drive it for 5 more years until it is 10 years old, you will not put another $22K- $23K in repairs those 5 years. It is cheaper to pay for repairs then buy a new car every 5 years.
Report Message

Please explain why this message is being reported.

REPLY

Handle:
Password:
Subject:

MESSAGE THREAD

The One Trillion Dollar Consumer Auto Loan Bubble Is Beginni - JeffB MU - 9/7 23:02:46
     72 MONTH FINANCING AT 0% INTEREST!!!!!! - Tigrrrr! MU - 9/8 08:20:06
          Yes, it's craziness caused by idiotic Federal Reserve policy - JeffB MU - 9/8 10:33:30
     There will be a reversal. Only question is when and how much - GA Tiger MU - 9/8 07:51:22
     People younger than 30 - Rabbit Test MU - 9/8 07:08:38
          The sad thing is that our government is encouraging idiocy. - JeffB MU - 9/8 10:57:07
          I've bought one new car since 1967. The - GA Tiger MU - 9/8 07:53:11
               A 1 hour class on economics & financial planning would make - JeffB MU - 9/8 10:44:13
     You dont have to be wealthy to afford $499 a month - TigerMatt MU - 9/8 01:49:43
          Had a former co-worker who wanted a Ford Explorer bad when - Tigrrrr! MU - 9/8 08:03:31
          RE: You dont have to be wealthy to afford $499 a month - sarasotatiger MU - 9/8 07:56:30
     Quite the site(nm) - meatiger MU - 9/8 00:15:38
     Uh huh, The great unwinding credit bubble - Uncle Fester USMC - 9/7 23:08:01
          I know people that refuse to drive a car they are not making - MIZZOU_FANATIC MU - 9/7 23:27:15
               That's a crazy mindset. (nm) - JeffB MU - 9/8 09:28:34
               That is my ex wife. 3 years and new car, roll debt not - TigerMatt MU - 9/8 02:03:37
                    7 year loan on a car is just stupid.(nm) - MIZZOU_FANATIC MU - 9/8 10:13:46
                         Yeah, I saw an article awhile back that minorities tended to - JeffB MU - 9/8 10:31:06
               Well, It does make some sense as they can git Xpensive when - Uncle Fester USMC - 9/7 23:32:46
                    Say you buy car for $20K over 5 year loan. Same car 5 years - TigerMatt MU - 9/8 01:59:33
                         Yeah, I got a book from the library a long time ago that - JeffB MU - 9/8 10:17:05
                         technically reliability needs to be factored into the math - Roberts MU - 9/8 09:56:01
                              Yeah, but a well maintained older vehicle can still be relia - JeffB MU - 9/8 10:25:41




©2025 Fanboards L.L.C. — Our Privacy Policy   About Tigerboard