In Reply to: Re: VERY Crucial point... posted by MK on October 05, 1999 at 23:59:22:
: You don't buy a new car w/cash and keep it for 3-4 yrs (since thats where is suffers the greatest depreciation).
How long you keep the car has nothing to do with it. You experience the same amount of depreciation with a paid for car as you do with a financed car. We are not talking about investing in the car, you're doing that either way. We're talking about investing in the car loan (by paying it off immediately) vs. investing in stocks, mutual funds, etc.
You'll have to understand that distiction before you'll be able to understand what I've been talking about in the last few posts.