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Re: truck pricing
[Re: Rebelman]
#2857165
07/21/19 02:20 PM
07/21/19 02:20 PM
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Joined: Jan 2018
Posts: 4,675
Michigan
Sasquatch Lives
10 point
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10 point
Joined: Jan 2018
Posts: 4,675
Michigan
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Interest on a $40k auto @3% is only $50/month. That hardly is going to make anyone a millionaire.
If you want to be a millionaire, you need to make a million dollars more than you spend. However you choose to do that is up to you. I disagree. That is nearly $2500 over the course of the loan that you lost. Plus a lot more than that in depreciation. Probable $20,000 on a four year loan. So right there you are down $22,500 in four years. Very significant $. Plus factor in around 8% interest you coulda got on that money if you had invested it instead. You get rich a little at a time.
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