This makes sense if your net worth exceeds what it would have been had those payments gone toward equity.
Lmao car "equity"
Something of positive value is, indeed, better than one of negative. No, nobody is getting rich of of used cars as consumers go.
But market gonna market
https://finance.yahoo.com/news/used-car-prices-roof-might-110000814.html
I have an '04 Lexus that I'm really hoping to turn around for a profit this summer.
We bought a minivan for our growing family, and the shop for the company where I work is 3 blocks away from home, so I just don't need it.
Would be pretty fucking sweet to turn it into jiujutsu mats and a mini split in my garage instead.
I bought my current car last year for $22,500. I got a $4,502 Federal tax rebate for it. Today the trade-in value is $31,500.
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