View Single Post
Old 09-26-2012, 11:04 PM   #17
SeattleJeremy
Member
 
SeattleJeremy's Avatar
 
Join Date: Jun 2012
Drives: Vibe
Location: Seattle, WA, USA
Posts: 86
Thanks: 70
Thanked 26 Times in 15 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Cars are awful investments. For people in the military it's even worse. You may be gone for 12-15 months at a time on deployment, and it's depreciating in value weather it's being driven or not.

I wouldn't buy a new car if I was in the military. I would buy a beater for when I'm state side, and put the money that would be going in to a loan in a high yield savings account separate from the normal savings and checking account. Then I'd be collecting interest not paying it.

A friend of mine did this, then after his final deployment he paid cash for new $30k+ truck.
SeattleJeremy is offline   Reply With Quote