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Life After Brown
How Much is Your Car Payment?
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<blockquote data-quote="Darmark7" data-source="post: 5595154" data-attributes="member: 83127"><p>When I was a kid my dad told me “Son a car is something that will be one of your biggest expenses and every day you wake up and look at it, it will be worth less than the day before” I never looked at an expensive car as a good thing. When I was about 20 I bought my first new car. I bought one that I could pay off in 3 yrs. After paying it off I then paid myself that monthly payment in my savings or investing. That car lasted me 12 yrs. So when I needed another car I had plenty of cash to pay for it. To this day I’ve never had another car payment. When you’re paying cash then all of a sudden a $50,000 or more car doesn’t seem worth it.</p></blockquote><p></p>
[QUOTE="Darmark7, post: 5595154, member: 83127"] When I was a kid my dad told me “Son a car is something that will be one of your biggest expenses and every day you wake up and look at it, it will be worth less than the day before” I never looked at an expensive car as a good thing. When I was about 20 I bought my first new car. I bought one that I could pay off in 3 yrs. After paying it off I then paid myself that monthly payment in my savings or investing. That car lasted me 12 yrs. So when I needed another car I had plenty of cash to pay for it. To this day I’ve never had another car payment. When you’re paying cash then all of a sudden a $50,000 or more car doesn’t seem worth it. [/QUOTE]
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How Much is Your Car Payment?
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