Quote:
Originally Posted by Unregistered
Good move. Don't buy an expensive car. It is a depreciating asset. Buy a cheap, good car and save your money for your retirement. Invest your money in dividend stocks. If I have $200k cash, I will not buy a $200k car. I will buy a $100k car, paid in cash and invest $100k in dividend stocks which give me 5% yield. Every year, I get $5k dividend and over 10 years, I get $50k dividend which I can use to buy my next car. If I buy a $200k car, my $200k will be burnt after 10 years.
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Base on above reasoning, you should not buy a car.