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Old 01-26-2012, 04:56 PM
181562 181562 is offline
Not Here Anymore
Join Date: Feb 2010
Posts: 5,203
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Originally Posted by e46NJ View Post
I hope no one really views buying a car as building equity - not a great rationale for buying. Cars depreciate so fast that the concept of equity in a car is laughable. I always find it funny when people say those that lease can't afford to buy. Personally, if someone wants to go there, if you have to take out a loan to buy, you can't afford it either. You don't own the car until the lien is taken off the title.
There are people who lease because they cannot afford to buy, so the concept is not laughable. Likewise just because one takes out a loan does not mean they cannot afford to buy something.