View Single Post
  #17  
Old 01-24-2012, 08:03 PM
Michael Schott Michael Schott is offline
Moderator
Location: Farmington Hills, MI
 
Join Date: Dec 2007
Posts: 4,517
Mein Auto: 2014 328i Sport Line MT
Quote:
Originally Posted by palermo22 View Post
Yes, I would imagine that would be huge: making $500+ payments for four years = $24,000+ and at the end of that period you have no equity.
But if you buy you may have $650.00 payments and a car worth 50% of what you pd plus potentially expensive repairs after 3 years. And you've paid out $31,000!