Quote:
Originally Posted by serith
All of these "calculations" of if you should be able to afford it or not are meaningless if you just save the cash to write a check for it--assuming you can pay to put gas in it and keep it on the road.
With that said, once you save the ~$25000, I'd suggest against spending it on a depreciating asset.
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This... invest the 25k in something to get some return... even if it is a crappy CD. Then pay off the car over time. Unless you get a cheap car, or one you can't get a loan on, never pay full cash for a vehicle
if you care about being smart with your money.