Quote:
Originally Posted by camarowa
This rationale would only hold up assuming you have the full funds to buy the car set aside and could pay off the note whenever required. However, it think it would be fair to say that most folks don't have $30-40k sitting somewhere. Leverage can be your friend, but will more than likely become your worst enemy, especially on a depreciating asset.
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It's really a suckers argument though. There are so many definitions of affordable, and people's assumption of risk is wildly different. Just something for the guy who posted the "you must have half down" comment to think about.
Me...I put a metric ton of money down on my Camaro, stupid or not, it was just my strategy for this car.