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Old 01-24-2012, 07:03 PM
Michael Schott Michael Schott is offline
Location: Farmington Hills, MI
Join Date: Dec 2007
Posts: 6,666
Mein Auto: 2017 VW GTI Sport MT
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!