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I paid, after selling a 2012 Impala with 190,000 miles on it, $8,600 for a 2013 Toyota Camry with 49,000 miles on it. I’ll make that deal all day long.
I wouldn’t buy anything newer than about 2014 but prefer 2010 or older.
GNL says
I paid, after selling a 2012 Impala with 190,000 miles on it, $8,600 for a 2013 Toyota Camry with 49,000 miles on it. I’ll make that deal all day long.
$9k for a 2013 Camry with less than 50k is a great deal. You got at least another 50k miles on that thing before major issues. Probably 70k more
GNL says
I wouldn’t buy anything newer than about 2014 but prefer 2010 or older.
I drive a 2008. I don't rack up a lot of miles, so hope to go another decade. I think there were a lot of improvements in most cars through the 80s and 90s, but after that it's all been needless electric stuff that with break and render the vehicle unusable.
If the engine ever blows up, I'll spend the dough and have a new engine put in it; that will probably cost $4000 or so.
I didn't know people actually financed cars until I was already pretty advanced in age.
clambo says
I didn't know people actually financed cars until I was already pretty advanced in age.
Unless you are a kid just starting out, no one should need to finance a car. If you need financing, you are buying something you cannot afford, especially if it is a 5+ year loan.
Eh. I can make more with my cash investing instead of a car. So I finance the car and invest cash and generally get double the interest rate on the loan. Sometimes tax free.
WookieMan says
Eh. I can make more with my cash investing instead of a car. So I finance the car and invest cash and generally get double the interest rate on the loan. Sometimes tax free.
Around here, a credit union gives a car loan at 5.5% for a 3 year term. Please let us know how you can get 11% on cash, sometimes tax free. Please do not come back with "1% dealer financing" or such, since low dealer rates are tacked on to the price of the car.
I slap myself any time I see or hear someone paying for shit with cash. You won't get it until you figure it out. Cash is trash. It's only good in a business ownership setting where you need to launder it. As a consumer cash is the worst possible way to transact on your end.
Around here, a credit union gives a car loan at 5.5% for a 3 year term. Please let us know how you can get 11% on cash, sometimes tax free. Please do not come back with "1% dealer financing" or such, since low dealer rates are tacked on to the price of the car.
Appreciation and dividend reinvestment.
Buying a depreciating asset cash is stupid.
I'm not tying liquid cash up in a car.
https://caredge.com/ has a you toob channel that is pretty good covering this stuff.
WookieMan says
I'm not tying liquid cash up in a car.
Rich people finance cars.
Learn something new on Patnet everyday.
Why would anyone tie up cash into a car if you're only using it to get from point A to B?
Great deal? It's a 7-8 year old vehicle, I don't care how supped up, with 71k+ miles. And if it was used as it's geared, just ready to pop out with problems.