A Car payment if for suckers

THOT CATALOG

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a decent car in toronto costs about 1k a month. (payment + insurance + gas/maintenance)

plan on moving downtown next year, i'd rather take ten 50$ round trip uber rides a month. everything is in walking distance.
 

BaldingSoHard

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Pass up interest rates lower than inflation, brehs.
Sink a large amount of cash into a depreciating asset while watching the Dow climb to record high after record high, brehs.
 

OfTheCross

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Keeping my overhead low, and my understand high
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Pass up interest rates lower than inflation, brehs.
Sink a large amount of cash into a depreciating asset while watching the Dow climb to record high after record high, brehs.

Don't matter what the rate is.

You can get a good used car for $6000.

Even if you're only paying $250 a month on the lease or purchase the used car will come out ahead after 2 years.

I had my last car for 7 years with no major mechanical issues. This one I'll keep as long, probably longer cause it's in even better condition
 

cjlaw93

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a decent car in toronto costs about 1k a month. (payment + insurance + gas/maintenance)

plan on moving downtown next year, i'd rather take ten 50$ round trip uber rides a month. everything is in walking distance.
:scust: 1k a month can get u damn near a mansion where I'm from.. I'd rather drive a hoopdee
 

BaldingSoHard

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Don't matter what the rate is.

You can get a good used car for $6000.

Even if you're only paying $250 a month on the lease or purchase the used car will come out ahead after 2 years.

I had my last car for 7 years with no major mechanical issues. This one I'll keep as long, probably longer cause it's in even better condition

:dahell:

Of course it matters what the rate is. Whether you buy new or used, it's always better (numbers-wise) to finance at these bank-breakingly low interest rates.

If it's only $6k then sure pay cash. But for a more expensive car, there's no reason not to finance.
 
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