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Old 01-25-2012, 08:43 PM
e46NJ e46NJ is offline
Officially Welcomed to the 'Fest
Location: Manhattan
Join Date: Jun 2007
Posts: 165
Mein Auto: 2011 335i xDrive
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.
Well if you make higher loan payments over the same period equal to 100% of the price of the car, I hope you have some "equity" in the car. Too bad that asset is continuing to depreciate as you own it. If you plan on selling that car after 4 years, you are at risk that it's not worth as much as you hoped.

People should start viewing a car, whether buying or leasing, as an expense. You just have options on how you want to fund that expense. Different options for people with different considerations.