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I agree with kayoone; it doesn't really seem like this could consistently be true or else it would just be bad business. In general, though, the best way to co
by nilkn 13y ago
I agree with kayoone; it doesn't really seem like this could consistently be true or else it would just be bad business.
In general, though, the best way to combat the depreciation of a car's value is to take out a long-term 0% interest loan, provided of course that you can get it. This works because (1) inflation reduces your effective net expenditure on the car; (2) you can take the cash you would have spent on the car and invest it instead; if you even conservatively get 3% returns a year, you've still come out far ahead.
Regarding (2), if you can't afford the car in cash, then you can't afford the car. That's always been my motto. Financing is a choice; it should never be something you are forced to do, unless this is your first car straight out of school and you just have no money yet.