Comments on: Don’t Pay Interest on Items that Lose Value http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/ Got Money? Milk the most from it... Tue, 27 Jul 2010 10:48:00 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Frank http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/comment-page-1/#comment-1994 Frank Fri, 13 Mar 2009 19:36:12 +0000 http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/#comment-1994 Exactly! To avoid it all together they should just stick with their original car! Exactly! To avoid it all together they should just stick with their original car!

]]> By: Jake999 http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/comment-page-1/#comment-1992 Jake999 Fri, 13 Mar 2009 12:09:16 +0000 http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/#comment-1992 I know a couple who pays cash for a new car every 5 years or so. They actually trade in their old car then pay the rest in cash. Now they explain to me how wise they are because they pay cash but I can't help but laugh... They are trading in a perfectly good vehicle for about 1/3 it's resale value to a dealer (you know dealers never give you a good price for your trade in) also, the dealer is only reducing the sale price of the overpriced new car!! Then they pay cash for a NEW car... They could simply pay cash for a very slightly used version of the same car on eBay with only 2000 miles and save THOUSANDS... It really stuns me how financially foolish some people are. I know a couple who pays cash for a new car every 5 years or so. They actually trade in their old car then pay the rest in cash. Now they explain to me how wise they are because they pay cash but I can’t help but laugh…

They are trading in a perfectly good vehicle for about 1/3 it’s resale value to a dealer (you know dealers never give you a good price for your trade in) also, the dealer is only reducing the sale price of the overpriced new car!!

Then they pay cash for a NEW car… They could simply pay cash for a very slightly used version of the same car on eBay with only 2000 miles and save THOUSANDS…

It really stuns me how financially foolish some people are.

]]> By: Jim http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/comment-page-1/#comment-297 Jim Tue, 01 Apr 2008 01:30:10 +0000 http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/#comment-297 Excellent webpage! I gave it a thumbs up with stumble and I Digged It too! Very informative and helpful about credit! On that same subject I’d want to tell everyone about a company called Credit Assistance Network (in Florida) that helped me improve my credit scores. They were great! They didn’t remove everything negative but they did remove most of it. Even more importantly they gave me excellent advice to help me build my credit scores. The website is www.creditagenda.com or www.expert-credit-advice.com They did such a great job that I promised them I would tell everyone about them. Tell them Jim from Ohio recommended them! Excellent webpage! I gave it a thumbs up with stumble and I Digged It too! Very informative and helpful about credit!
On that same subject I’d want to tell everyone about a company called Credit Assistance Network (in Florida) that helped me improve my credit scores. They were great! They didn’t remove everything negative but they did remove most of it. Even more importantly they gave me excellent advice to help me build my credit scores.

The website is http://www.creditagenda.com or http://www.expert-credit-advice.com

They did such a great job that I promised them I would tell everyone about them. Tell them Jim from Ohio recommended them!

]]> By: Frank http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/comment-page-1/#comment-293 Frank Sun, 30 Mar 2008 17:02:32 +0000 http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/#comment-293 @ Blake - It's impressive you have been able avoid financing a vehicle, teach the rest of us! @ Blake – It’s impressive you have been able avoid financing a vehicle, teach the rest of us!

]]> By: Blake http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/comment-page-1/#comment-280 Blake Sat, 29 Mar 2008 16:57:35 +0000 http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/#comment-280 I love the comparison of buying a brand new car to offering $5,000 over the sticker price for a used Honda, haha. You're absolutely right though, and it really shows how crazy it is! One of my financial goals is to never have to finance a vehicle, and luckily I haven't had to so far. It's so nice not having to worry about those payments every month; driving is already expensive enough! I love the comparison of buying a brand new car to offering $5,000 over the sticker price for a used Honda, haha. You’re absolutely right though, and it really shows how crazy it is!

One of my financial goals is to never have to finance a vehicle, and luckily I haven’t had to so far. It’s so nice not having to worry about those payments every month; driving is already expensive enough!

]]> By: Weekend Roundup - Spring Break Edition | beingfrugal.net http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/comment-page-1/#comment-278 Weekend Roundup - Spring Break Edition | beingfrugal.net Sat, 29 Mar 2008 11:01:31 +0000 http://milkyourmoney.com/2008/03/26/don%e2%80%99t-pay-interest-on-items-that-lose-value/#comment-278 [...] over to Milk Your Money to find out what Frank thinks about paying interest on things that lose value.  I couldn’t agree [...] [...] over to Milk Your Money to find out what Frank thinks about paying interest on things that lose value.  I couldn’t agree [...]

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