LCP

I want to buy the wifey an S6 and am not in a position to afford two expensive car payments right now (her car is paid for). I owe about $18.8k now, and have 27 payments to go. =P

Bryce

I only want a Mini S.. pay mine off instead..

S4Alex

its nice not having to deal with car payments.

LCP

...had just bought a $240,000 home in the previous year, just paid off $20,000 in credit card debt accumulated in 7 years of school and owed nearly $50,000 in student loans. I was hardly capable of paying cash. Now, at the ripe old age of 30 with 5 years of work experience, I could probably scrounge together just barely enough to pay off the S4 if I cashed out my savings and retirement. That hardly seems prudent. My net worth when I bought my S4 was probably about $-0-, which was quite a step up from where it was 2 years before that. So paying cash then wasn't an option. I will probably wholly or partially finance my next 1-2 cars and my wife's next 1-2 cars before I'm ready to deliquify myself to the extent I'd be comfortable to do in order to buy a car we'd want.

LCP

...I bet I'd only owe a few thousand right now, and would have it paid off this fall.

Kazman

Well said LCP.

RR

You'd still be poor and you'd also be slow :-)

RR

LCP

...as a whole, if it weren't for my Enron purchase last year, I bet I've made money in the stock market over the last 3 years.

S4Alex

almost in the same sit as you, i was 27.. just bought a condo for 125k, paid my ex-w school loans, cc bills...

glad i paid the car in whole at the time, cuz with a kid now, i dont think i would like the car payment, house payment, and kid payments.

LCP

...and you'd been working how many years?