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Reply to "Tell me how much I can afford to pay for a new car"
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[quote=Anonymous][quote=Anonymous]don't buy a new anything. waste of money. [/quote] I see this all the time but is it REALLY a waste of money or is that just the commonly held belief? I've never actually seen someone sit down and do the math. Until I've seen the math and double checked the numbers and assumptions, I'm not willing to admit it's a bad deal to buy new. Sure you get a $20,000 car for $12,000 when it's 3 years old and has 36,000 miles on it but what did you "save", $2,300 a year? That doesn't seem like a very good deal.[/quote]
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