๐ธ๐ธ๐ธ ๐Car Payment Rant!!! So I saw this today and it blew my mind. So you finance a depreciating asset to the tune of $54,000 plus interest over 8 years?!?! By the time it's paid off it will be worth $10k max! People wonder how they can't get ahead financially when they make car payments a way of life! Cars go down in value like a rock (that's where Chevy got that), so don't sink too much into something down in value. As a rule we shouldn't have more than 50% of your annual income in your driveway. I CANNOT WAIT to have our little Elantra paid off & then buy our next vehicle for cash! - - Day 174: no debt payment today but progress tomorrow!!! - - #CarPayments #CarLoan #DebtFreeBy30 #Debt #DebtFreeCommunity #DaveRamsey #TruckPayment #94Months #EightYears
