Re: New is always nice... - Saab 9-5 Bulletin Board - Saabnet.com
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Re: New is always nice...
Posted by ScottA (more from ScottA) on Sun, 11 Apr 2010 08:51:00
In Reply to: Re: New is always nice..., AeroJT, Sat, 10 Apr 2010 14:02:55
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Keep the SAAB's and take the $47K and invest it into a tax-free (State & Federal) bond and retire a lot earlier than most. Or you could buy something that appreciates like property, homes, etc. OK, I'm pretty practical. I paid $16k cash when I bought my 2002 SAAB arc in February of 2006 from the Dealer and felt bad spending that much for a car. I think if you do end out spending $47K for an automobile, don't worry about gas mileage. Even if it got 10 MPG, the economy is a very small expense compared to the overall picture. My best friend just bought an Orange 2010 Camaro SS and pays $489 a month just for the car payment. His Wife lost her job and now they are having trouble making ends meet. They are way upside-down on the car so anything they do will cost them a lot of money. My $.02
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