Please don't top-post. Message rearranged (and edited for speling and
punctuation) for easier reading comprehension:
4 years? For a car as cheap as an *Accent*? Good grief. One big rule
that people seem to forget: The longer the loan, the more you end up
paying in interest. The $5184 you'll pay in total probably has at least
$350 in interest/finance charges--it's impossible for me to tell what
the exact numbers for that are though. I got a decent 3-year loan rate
on my Tiburon and *still* ended up paying a total of $600 in
interest/finance charges--which is really annoying. Debt sucks; carry
as little as possible.
Some people cannot afford the financing payments, Brian, that's why
they lease.
"If you can't afford it, don't buy it" doesn't work? Oh well. A ____
and his _____ are soon ______, eh?
We can't afford a 400.00 payment a month for 5 yrs,
Hm. 400*60=24,000 , and Accents don't cost *that* much unless you get a
loan-shark interest rate. Unless you meant $400 (Canadian) or 400 DM or
some non-US currency unit, or you meant something that isn't an Accent.
(In written communications on Usenet or similar media, you have to be
more precise than usual; otherwise people can and will misunderstand
you.)
so if we got a new one, it would be a lease, even though it seems that
you're wasting $ out the window on a car you won't own in the end...
Yeah. The way to save money on a car is to buy a 1-2 year old car
that's a model that has a good repair/reliability record, then drive it
until it falls apart or repair time+costs get too annoying. That means
you can't show off your new car, natch, but the money you save by buying
used would easily pay for a nice vacation or 2. (Or you could put that
money into an aggressive mutual fund, and make it make money for you...)
I'll probably end up buying a used Prius or similar econobox when my Tib
falls apart if gas prices keep creeping upwards. Anyway, leasing a car
is usually a bad financial move; YMMV though.
