Quote:
Originally Posted by Need4Camaro
^^^ I would respectfully disagree. I’ve made the mistake of compromising only to find that a year later I still wanted the car I initially had in mind and you will be in a car loan upside down unless you put down a significant down payment. Just save the money you need to get what you want.
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I agree that "going back later" is very costly. I bought a Double Cab Sierra and traded for a Crew Cab Silverado 9 months later because the smaller back seat just really didn't work for me like I had hoped it would (and I had always had crew cab).
Your point about being upside down in the loan is really only one specific way of looking at the fact that there's a massive hit to the wallet. Yes, a small downpayment leaves you upside down in a loan, but even a significant downpayment doesn't offset the heavy loss on first-year depreciation.