Quote:
Originally Posted by Kiwi
What's funny to me is people will loan money to buy a car which is depreciating.
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I don't know many people who can afford a $50k car outright. Most people in the US do a lease or a loan. I can't see it being much different in NZ considering the inflated prices of BMWs over there.
Smart money says buy a 2 year old Toyota Camry and run it into the ground (10 to 15 years). I'd rather spend a little more by having a car I love, than drive a shtbox around for a decade. Life's way too short.