P
PL 879
Guest
kiwifarms.net
By the end of the 5th year of a loan, on average the car is down to 37% of its original value. Furthermore, warranties don't last 84-months, so he would need an extended warranty added to his monthly payment.One thing is he'd probably be underwater on the loan within months, especially with how he takes care of things. So there would be no equity in the car and no way of unloading it. He'd just lose anything he's paid for it. He might as well lease as sign on to one of those scam loans.
I came to this conclusion of 84-months based on Phil stating he was saving hundreds of dollars compared to his BMW lease, and for that to be true on an approximately $22,680-$25,000 new car, even with 0% financing, there has to be more than 60-months on that loan. And it's DSP...so damn the future, it's all about what saves him sweet money right here and now.