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Reply to "Is it ever a good idea to pay full price for a car up front?"
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[quote=Anonymous][quote=Anonymous]Wealthy can do whatever they want but for smart UMC, you buy what you can afford. [/quote] +1 I was always taught, you should only buy a car that you can afford to pay off in 3-4 years (for your first cars). Then you drive the car for 7-8+ years and continue to save the car payment (and any decrease in auto insurance as the car ages). That way when you have an 8yo+ car, you trade it in/sell it and that with your savings will get you close to paying cash for the next car. By your 3rd car you should easily be able to pay 100% cash. [/quote]
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