Reply to How much are you paying for your car?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've been fortunate enough to never have to take out a car loan. I drive a small sedan that I bought last year for $16k in cash.

Most people nationwide can't afford to do that and have car loans. All the people on this board who buy cars in cash are not your average people.[/quote]

You have been dumb enough to never take out cheap loans to build wealth.
Savvy investors take other people money to make money. 
If you can finance a car at 3% but decide to dump all your cash into it, you are not a savvy investor. 
A savvy investor will take the 3% loan and invest the cash in a venture that produces a higher ROI.
That's what banks do. The take your deposits and give a laughable 0.5% (that's free money to them), and lend it to others for a higher rate.
All your people who buy cars in cash are dumb investors.[/quote]
Ever heard of being risk averse? Lots of those risk takers go belly up after borrowing money. [/quote]

Risk averse people never make money. [/quote]

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