Quote:
Originally Posted by m4a1mustang
People get themselves into trouble when they look at monthly payments instead of total cost. If you ever go to a dealership with the intent of financing through them, they always ask you "what is your maximum monthly payment?"
Translation, "how much per month can I rape you for?"
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But not everyone can look at it in the long run compared to month to month. I would rather have a nice house and nice car with low monthly payments and pay longer than get a house and car that I can really afford to save in the long run. Its all a matter of wants and needs. If you use credit you lose point blank. All you can say is that you are not losing as much as a person that got the same for a longer time but you both are losing money so either way if you dont pay cash its a mut point.