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Welcome to SportTrac.Org
Off Topic Discussion
looking at getting a little car
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<blockquote data-quote="Nelson Atwell" data-source="post: 610978" data-attributes="member: 59102"><p>If you buy a $6000 car and save $150/mo, it will take 40 months to save what the car cost you, assuming gas prices do not drop. If the vehicle depreciates 50% during those 40 months, then you have to drive another 20 to get that back...of course the vehicle depreciates further in those 20 months and the vicious cycle continues. You might eventually break even , but by then the vehicle will be all used up, maintenance issues will eat up any savings, so you'll have to buy something else. Of course, if gas prices double, then your payoff come much faster, so it might be a good idea to do this if gas rises to $6.00/gal</p></blockquote><p></p>
[QUOTE="Nelson Atwell, post: 610978, member: 59102"] If you buy a $6000 car and save $150/mo, it will take 40 months to save what the car cost you, assuming gas prices do not drop. If the vehicle depreciates 50% during those 40 months, then you have to drive another 20 to get that back...of course the vehicle depreciates further in those 20 months and the vicious cycle continues. You might eventually break even , but by then the vehicle will be all used up, maintenance issues will eat up any savings, so you'll have to buy something else. Of course, if gas prices double, then your payoff come much faster, so it might be a good idea to do this if gas rises to $6.00/gal [/QUOTE]
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Off Topic Discussion
looking at getting a little car
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