But in the case of (new) cars isn’t this applicable to literally everyone the moment they drive off the lot? Like it’s gonna take a while untill the loan payments catch up to the depreciation of a new car.
But in the case of (new) cars isn’t this applicable to literally everyone the moment they drive off the lot? Like it’s gonna take a while untill the loan payments catch up to the depreciation of a new car.
Feels good to be completely debt free on the cars. Yes it meant when my work car started showing issues, I had to review my expectations when going electric and couldn’t get the van/large car I thought I needed and we downsized to a hatch back instead, but truthfully I think that was a kick in the nuts I needed to realise I was getting pulled into a weird spiral of thinking I always need more, when really 99% of the time I’m fine in a small vehicle (and it’s so much nicer to drive and get around in). For these few times stuff won’t fit I’ll use our older ICE which is a bit more spacious, and when that’s not enough I’ll rent a van and bill it to the client!
I totally agree, and proudly own our vehicles outright! Don’t care if they’re a bit older.