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Originally Posted by eimSD
14% over 3 years or 14% per year? Where are you getting a return like that?
I bought outright because I hate car payments, paying interest, and because I could. I'm not rich, don't have a high income, but I've been buying ESPP shares in the company I work for and after a few years, it accumulated to enough to cover the car. Barely. I do expect to keep the car long term, at least 10 years. My last car I had for 8 years, and an earlier one I kept for 10. This one I can expect to even keep longer, I'd think, because it's much better built.
No, it's not a wise financial decision, the wiser thing might have been to buy a new Malibu (I have a GM credit card, grew up in a GM family) and put the extra 15K into a home upgrade. But just for once I wanted to treat myself, as long as I could.  |
- did you happen to be in mission valley yesterday around 12:30? LoL.. i saw a artic E90, and was just curious if that was you! haha..