- Jun 28, 2020
- Reaction score
- Your Mercedes
- 2020 CLA 250
Interest rates have been relatively low for loans in the past few years, and practically non existant for savings...but I certainly hear what you're saying.What is often overlooked is that apart from substantial depreciation most buyers are also paying interest on a loan. I always buy at three years old and always pay cash.
I have been in the habit of buying new and paying cash with my last few cars. This will not be an option for some but it works for me, and its a really great feeling driving out the showroom in a brand new car knowing you don't owe a penny on it. .
Just for the record I do not consider myself well off or have a particularly high paid job...but its just personal circumstances that have allowed me to do it this way.