Terryallan wrote:
New is cheaper.
Is that new math ?? (Sorry)
Each situation is different but a LOT of people have no concept of what really is cheaper over the long haul and get sucked into the fallacy that a lower monthly payment is automatically "cheaper".......which it usually isn't.
You provided a good example story that could apply to a lot of buyers.
The other side of that coin is:
If you can buy a really good used RV for $40K cash (or near cash), that will be MUCH cheaper over the long term than buying the same unit new for $100K financed.
While I don't get upset with the "I always pay cash for everything" crowd, stating that in a discussion like this doesn't really accomplish anything useful. I'm pretty sure that EVERYBODY wishes they could do that.