Thread: New car Prices
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Old 29 Jan 2004, 02:42 am
Rolo Rolo is offline
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Do not look at cost in absolute dollar amounts, but rather as a percentage of income. It's funny, today a co-worker and I were looking at the new Aston Martin and he pretty much said the same thing, hehe.

That is the same mistake people make in thinking of our national debt: they only think of this astronomically huge number getting even larger and think that our debt is getting larger when, in fact, as a percentage of our GDP income, it is getting smaller.

Also, money management is more of a factor than actual income. How much did I pay for my car? Zero. My bank paid for it. I agreed to pay my bank, but over a long period of time. How much per month do I pay for it? $400. How much am I making off of the cash that I did not spend? About $1,000 per month. In a sense, my PT will have been "free".


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