bumblebee said:And I suppose you "lease" or rent your house? why would you make payments on something that builds someone else's equity? :scratch:
Today's new automobiles are such a poor investment to begin with, why would you want to make payments for 2 to 3 years, and then give the car back after you have spent thousands of dollars? If you want a new car, trade yours in every 2 or 3 years. M traded her Saturn for a new one this month and she didn't spend a dime out of her pocket, and she lowered her payment 75 cents a month.
Houses build equity, vehicles do not. Wether you lease or buy it your not going to make money on it when your done (usually). Leases are good for those that stay within the mileage etc. Buyting a car and trading it in every few years your definately loosing money on. But if you buy American you pretty much have to trade in and get a new one every 2-3 years because for the most part thats when they crap out anyways.