Quote:
Originally Posted by 90503
The more expensive cars get, the more the full-price is down-played and the only criteria becomes the "monthly-payment". The average consumer these days lives month to month and the full price is instantly overwhelming.
Massage it down to a manageable monthly amount, and a sale or lease is more likely.
I've never made a car loan, always paid cash. Paying for a car every month for years and years just doesn't set well with me. The novelty wears off too soon. I don't concern myself with a monthly payment....If the full price doesn't fit in my budget, it's a no-sale.
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I live the same way. That's why writing a very large check for something that in the end isn't going to improve my life in any way over what I have now makes no sense. These cars are not improving in any real manner that makes sense to pay so much for them. If they lasted for 30 years or more then they may be worth it. There has to be a point when enough is enough. No one's pay has gone up like the price of new cars have. People that only look at monthly payments are fools. The car manufacturers know that there are plenty of them to sell to also.
If you have to take out any car over a three year note then you truly can't afford it.