Originally Posted by will76

Cars are the single most expensive thing that most people will buy that lose their value. Well boats if you get a really big nice one.

Where else can you go drop 50K on something that will be worth at most 10K 5 years later. Nothing like pissing away 40K.

It's sad but true, a car for some people is the most expensive purchase they will make in their lives and all it does is lose value and cost them money to use it.

Sure you need a car, but when you make 30K a year you shouldn't be buying a 30K car. Problem is everyone wants to show off and wants it now. If they bought a cheap new car for 1/4 the price, took the different they saved each month on a note and invested it, their money would be working for them making more money, they could actually acquire wealth and then in the future buy a nice car with the proceeds from their investments, not on credit paying interest and still have their investments making them more money.

all hell 90% of you probably stopped reading by now LOL