78,720. when it’s paid off. Better drive it until the paint falls off.
If you have a perfectly good vehicle....... and your cash is making ~4.5%..... rather.... its SHOULD be making that..... I dunno. DR might be a little pissy about that.
Just saying, this is a DR thread and this is one of the worst markets to buy a new car that's happened in quite some time. Just struck me funny.
Damn son, you'd better drive that till the wheels fall off. Good looking cars though.
WTF!
Everything is getting more expensive guys, it happens. If you know how to leverage your equity/finances, you can afford a lot more than you realize. Most of my car payment is taken care by my mortgage company. Last car I had to pay out of my paycheck. Not anymore. Now I can afford new, and only have to work part time.
My father grew up during the great depression. I grew up listening to his stories. Save up and pay cash for your vehicles. Money "in the bank" means freedom.
Ramsey does a lot of good in helping people learn to control their spending. Do not listen to his investing advice.
Ramsey does a lot of good in helping people learn to control their spending. Do not listen to his investing advice.
how does one do this... im curious...
It’s called a reverse mortgage. If you have a good mortgage company they’re usually really happy to help you understand how great it is.
so loose value on the solid asset, to obtain a depreciating asset that wasnt of necessity? or am i missing something.
I'm calling BS. Now you're just having fun on the forum. A reverse mortgage is the worst financial product on the market next to a HELOC
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