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Do Cobras hold their value??
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[QUOTE]Originally posted by outlawd94cobra: [QB] [QUOTE]Originally posted by cobraracer46: [qb] This thread is a classic example of why one should never finance or buy a new car because for starters, any vehicle will significantly go down the toilet in value and if you finance a rapidly depreciating asset like a car, you will always end up upside down on it and owe more than it is worth before the loan is paid off. As an example, if you go out and buy a 06 GT and finance it, 4 years later, it will loose over 60% of it's value. The only way to protect your self financially and not loose a shit load of money from depreciating vehicles and negative equity is to purchase a used car with cash that is at least 2 years old. [/qb][/QUOTE]This guy again? :rolleyes: So explain to me how paying for a 14K car in cash up front is helping your credit status again? Also, what is so different from dropping 12K on that same car, financing the other 2 and having 2K worth of [b]positive[/b] payment history on your credit report. Haha, I remember those topics of conversations :bsflag: [/QB][/QUOTE]
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