Yeahbut once you've paid off the note the vehicle will ALWAYS be worth more than you owe ;)
I plan to buy my next pickup on credit. It'll probably be a 48 month note although I have yet to decide on new vs used, it'll depend on the prices of each and the financing. If its real close I'd probably go with new even if it were a couple hundred more... You can't get zero percent financing on used. -Curt Date: Thu, 31 Jul 2008 09:46:44 -0400 From: Rich Thomas <[EMAIL PROTECTED]> Subject: Re: [MBZ] OT : Buying new/financing To: Mercedes Discussion List <mercedes@okiebenz.com> Message-ID: <[EMAIL PROTECTED]> Content-Type: text/plain; charset=ISO-8859-1; format=flowed Reading the thread doesn't matter -- if you are getting into a 6 yr loan on a car, that is crazy no matter what the price, unless you expect The Chosen One and the Congress will create a bail-out for you like they did for all the stupid people who got into their stupid sucker-rate mortgages, and the slicksters who sold them. The problem is the car will be worth a lot less than what you owe on the loan at some point. If you are saddled with a contract to keep paying the loan on something that is worth less than the loan, then that is not smart. Reason being who knows what might happen to you in the future, and either you or your people would end up having to pay off something, and might not have the money to do so. Real estate is different from a car, but even now you can see what has happened to a lot of people. You can run the numbers on depreciation v. loan principal, see how that looks. --R _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com