Posted by Rich_WI on January 10, 2015 at 11:41:01 from (50.50.95.159):
In Reply to: New car financing posted by jm. on January 09, 2015 at 19:22:09:
Quoting Removed, click Modern View to see
You should post up your numbers because just saying something like that is so far fetched. For example, just insurance alone would eat up a large portion of the money you spend on your new vehicles compaired to a 10 year old vehicle. And thats even assuming a person would put full coverage on the 10 year old vehicle, most people are running liability only by that point. Finance charges add up too.
You have to remember, when you are compairing the per mile costs, adding just a single penny is really hard to take away once its there. Thats why things like insurance and finance charges are killer when adding up costs per mile.
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