I'm not going to delve into and debate you on your dubious calculations but please tell me how you can have a new car without extending payments?The problem is so many people today see a "good deal" as keeping the payment the same or lower. The don't even bother to calculate anything else, to see if they are getting screwed. If your idea of a good deal is a perpetual string of monthly payments, have at it.
(btw, we all don't finance)
(this is why leasing is attractive to many people)
if you do finance the car and if you want to own your car for many many years your theory makes sense, but if a person wants to get a new updated vehicle I don't see anyway around PAYING for it.
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