DrewE wrote:
I'd venture to guess that this rule, if it actually exists, was formulated by dealers or finance companies as a way to keep their gravy train rolling along. Rolling over the financing into a new vehicle doesn't seem to me to be a winning idea in the long run, but rather a technique for getting deeper and deeper into debt, assuming I'm understanding what is going on properly.
It's actually called the
*GOLDEN* Rule (for a good reason!)..:W
Puts YOUR "gold" in somebody else's pockets!..:S
Besides the gravy for dealers & finance companies (and "deeper & deeper" for you) - it's also gravy for states with high sales tax and vehicle registration fees.
Better "rule/s": If it ain't broke, don't fix (or trade) it."
'Course if you won the lottery or have buck$ to throw to the wind, or it fits your lifestyle, life is short, so why wait six??..:B
~
