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<blockquote data-quote="Rafter S" data-source="post: 1710107" data-attributes="member: 21194"><p>I think [USER=17025]@HDRider[/USER] missed one. It's almost always less expensive to make repairs to a used vehicle than it is to make payments on a new one, and in any case, buying a vehicle new is rarely a good financial decision. The value drops too much as soon as you leave the dealership with it.</p><p></p><p></p><p></p><p>Yup. As I've heard him say many times, keeping money in investments while borrowing money adds to risk, which too many people (like your friend) don't take into consideration. If they had taken the money out of the stock market to buy the house, then started putting the equivalent of a house payment back into investments every month they would have been much better off.</p></blockquote><p></p>
[QUOTE="Rafter S, post: 1710107, member: 21194"] I think [USER=17025]@HDRider[/USER] missed one. It's almost always less expensive to make repairs to a used vehicle than it is to make payments on a new one, and in any case, buying a vehicle new is rarely a good financial decision. The value drops too much as soon as you leave the dealership with it. Yup. As I've heard him say many times, keeping money in investments while borrowing money adds to risk, which too many people (like your friend) don't take into consideration. If they had taken the money out of the stock market to buy the house, then started putting the equivalent of a house payment back into investments every month they would have been much better off. [/QUOTE]
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