Forum Discussion
Bumpyroad
Feb 05, 2017Explorer
NCWriter wrote:Bumpyroad wrote:NCWriter wrote:
I should have mentioned that the resale or trade-in at the other end recoups the price premium. That was our experience - very minor depreciation after five years and 50,000 miles.
have you calculated in the interest you paid over x years on the additional cost? or if you paid cash, the interest you lost on spending that money?
bumpy
Doesn't everyone?
no, I have often heard folks say that they paid $3,000 extra for something and got $2500 for it on resale so they only lost $500. the truth is at higher interest rates, they actually paid $5,000 extra for that and they lost $2500.
you basically did the same thing.
bumpy
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