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The Water Cooler
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My old Suburban
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<blockquote data-quote="NikatKimber" data-source="post: 2865154" data-attributes="member: 423"><p>Most likely a wash either way. Too many unknowns. </p><p></p><p>Buy the old car, put a chunk into it, and it continues to eat money for repairs, you lost. If it doesn't take much more after that, and becomes a "desirable" old car (it will be over 25 years old in 6 years), then you're ahead.</p><p></p><p>IF you bought the new car, <strong>and</strong> invested the $10k (gonna have up front costs, TTT, extras most people end up adding), <strong>and</strong> you do well on the investment, <strong>and</strong> it doesn't need any repairs outside of warranty, you're ahead on the new car.</p><p></p><p>Either purchase could be better or worse than the other. It just depends on whether you'd rather be $50k+ in debt and drive a newer vehicle or not.</p></blockquote><p></p>
[QUOTE="NikatKimber, post: 2865154, member: 423"] Most likely a wash either way. Too many unknowns. Buy the old car, put a chunk into it, and it continues to eat money for repairs, you lost. If it doesn't take much more after that, and becomes a "desirable" old car (it will be over 25 years old in 6 years), then you're ahead. IF you bought the new car, [B]and[/B] invested the $10k (gonna have up front costs, TTT, extras most people end up adding), [B]and[/B] you do well on the investment, [B]and[/B] it doesn't need any repairs outside of warranty, you're ahead on the new car. Either purchase could be better or worse than the other. It just depends on whether you'd rather be $50k+ in debt and drive a newer vehicle or not. [/QUOTE]
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The Water Cooler
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My old Suburban
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