Quote:
Originally Posted by AZ Traveler
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The long terms loans with little or no down dealers will offer will keep you upside down for most of the loan period.
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Definitely true. But you still lose even if you pay cash and sell/trade after 3 years, just not quite as much. Buy for $60,000 cash and sell/trade 3 yrs later for $30,000 and you lose $30,000. Buy at $60,000 with $5,000 down and 6 yr finance, then sell/trade after 3 yrs for $30,000 and you lose $30,000 plus what you paid in interest for 3 yrs.
Expensive proposition, not for the faint of heart.