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post #6 of (permalink) Old 07-13-2014
MikeNSX
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Joined: Nov 2012
Location: Nashville
Posts: 234
 
Quote:
Originally Posted by Grifftech View Post
Luckily I didn't come here seeking financial planning advice, but thank you anyways
If you're upside down on a Focus, perhaps you should be.

Always best to pay cash for a depreciating asset (like a new car)...if not, be able to pay off said car in 3 to 4 years max. Anything over 3 to 4 years means you will always be upside down (unless a large down payment is made on the front end).

'15 Mustang
'11 BMW 328i (wife's car)
'02 Corvette Z06
'02 Corvette Convertible
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