Quote:
Originally Posted by Coachrhino11
Lol, yeah wife really wants me paying cash for this second car. I’ve been saving a bundle every month the past few months. My options are buy cash used this summer, like a 15-16k FRS with very low miles or used Miata or put down around 15k on new RF or BRZ and pay off very quick, like around Christmas or slightly after. Obviously if I go with option one used, I free up cash towards other things instead of paying on depreciating asset. What to do.
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You are leaving out an option. Pay cash for the used car, drive it for 12 months, continue saving money then sell used car, take cash and upgrade. Yes you'll lose a little in the year on the value of the car but you can get where you want to go, and basically the cost of driving the car is the cost of the deprecation between buying and selling for the next roll-over.