Quote:
Originally Posted by MBAtarga
So you spent $7k over 3 years and had nothing to show for it.
Instead - someone could spend $7k for a used car and still have transportation after 3 years.
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The 2013 Mustang I bought for $9500 cash 2 years ago is probably still worth that amount....so 2 years with no depreciation. I will probably keep it for another 10 years, and still get $5000 for it. That equals 12 years for $4500, which is $375 a year, or $31.25 month (different mindset indeed !).