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      10-06-2019, 11:33 AM   #67
allinon72
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Drives: 20' M2C, 23' X1
Join Date: May 2017
Location: Indianapolis, IN

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Quote:
Originally Posted by Efthreeoh View Post
I completely disagree with this argument. First off net worth has nothing to do with the ability to afford buying a car, regardless if it is new or used. Affordability come from useable income one can afford to outlay for his transportation needs. If it were true that it doesn't make financial sense to buy a new car, then almost anyone would be in financial ruin. The financial impact of purchasing a car (if not bought as a toy), comes down simply to how much per-mile the car costs the owner to drive, which is calculated using a formula for total cost of ownership, or Total Lifecycle Cost (basically purchase price, fuel, maintenance, and repair). The longer the car is owned the cost of initial purchase is amortized over a longer prior of time and mileage. Buying used just means the car has theoretically, an overall shorter life span for the person who bought it new. It's nowhere near 50 years.
You thought me saying 50 years was serious and not at all facetious? I mean, really?
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