Quote:
Originally Posted by lm1z
Props for buying your cars in cash. This is the way to do it. My circumstances are different, as I receive my vehicles as fringe benefits (up to a certain allowance). The main switch I am making is finally starting to build equity in the vehicles I drive vs. continuing to lease and swap every 2-3 years. Even if the asset depreciates, it's better to have some equity rather than none.
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I also get a monthly allowance from my employer to pay for my car, probably pays about 75%, so not as different as you think. I look at this money no different than my other pay and don't change my buying habits because of it (besides meeting their requirements for the vehicle).