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Cars and Transportation
Reply to "Shocked how many people are looking at new cars!"
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[quote=Anonymous][quote=Anonymous]Can't stand new car payments. The biggest obstacle to wealth for middle class Americans is wasting money on new cars. Always buy 4+ years old with 60% depreciation baked in. Spending huge amounts of money on a depreciating asset makes no sense. Might as well throw money in the fire. [/quote] We pay for our cars in cash and hold onto them until they cost more to fix than they are worth. We order exactly the options we want from the factory. It works for us and we’ve saved a lot of money overall. [/quote]
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