Posted on: 16-03-06 17:05:43
Quote:
Originally posted by lana2005
I donot understand how your car can get paid off in 2 yrs.
When I bought my car, I opted for ownership option where you pay double of what you would have paid, had you chosen lease option. Even then I had to pay for 5 yrs before the car was fully paid up.
Let me re-phrase my explanation.
I'll start with ~16K left after your annual rent/mortgage and groceries. (Let's avoid over confusion by not considering other expenses)
16K*2 = 32K at the end of second year.
That's what you "earn" over 2 yrs.
Now you purchase a car worth 32K. (Loan/Cash, either way you pay 32K)
Now what I mean is in this case:
"the car " = "2 years income"
I know I am asking something that cannot be defined. But is this equation correct ?
How should it look ?
"the car " = "2 years income" ?
"the car " = "1 years income" ?
"the car " = "5 years income" ?
Or: Does it matters ?
It does not matter. As i mentioned earlier, a person will spend according to his spending habits which I will basically summarize:
1) People who earn very high income and will go the most expensive car.
2) People who earn very high income but will go for the basic model.
3) People who earn average and go for basic model.
4) People who earn below average and go for basic model.
5) People who earn below average and still go for expensive car.
Hey guys just want to ask you something in this hot discussion about cars....
Is is a good buy for Nissan Altima 1999 with 260 K Kms on Odometer ...
No accidents.
The car has more kms and the guys is asking for 3900 $ ....
What do you think is it good to buy it ???
Please let me know your suggestions...
You are right that mileage is a bit too much... almost 40k/yr. Canadian average is around 20-25k/yr.
About the car itself check carsurvey.org.
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