It’s literally like renting a car at $499 per month. Nothing really wrong with that as long as the economics work out (there’s more expenses than just the monthly payment), because a car is going to depreciate anyway. You can buy it, but it will just get old and fall apart.
Some people feel it’s worth $500 a month to always drive a relatively new car, rather than drive an old car for free.
It’s going to depreciate!? Oh no! Often the people I hear talk about cars like that can’t or don’t change their oil. Change the fluids, rotate the tires, follow servicing time tables; same things you should be doing with your rented car you continue doing with your older car.
It’s literally like renting a car at $499 per month. Nothing really wrong with that as long as the economics work out (there’s more expenses than just the monthly payment), because a car is going to depreciate anyway. You can buy it, but it will just get old and fall apart.
Some people feel it’s worth $500 a month to always drive a relatively new car, rather than drive an old car for free.
It’s going to depreciate!? Oh no! Often the people I hear talk about cars like that can’t or don’t change their oil. Change the fluids, rotate the tires, follow servicing time tables; same things you should be doing with your rented car you continue doing with your older car.
Some people are broke ass in debt their whole lives.