Quote:
Originally Posted by MTI
Nice report, but how much less was it than a car payment over the past five years? Assuming a $1,500 down and $271 per month, what could you have purchased new(er) in 2007?
Honestly, I don't know the answer, but some factors I would consider would be how a 2005-2007 vehicle in the low to moderate price range would stack up against a W124 from the 90's.
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MTI,
Out of curiosity I was going to check the PV of 271/mo for 60 & 72 month loans at various rates. My HP19B battery is dead.
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Seat of my pants though, I'm thinking that's not going to get you too much. And to fix a newer used or low end new car will be more costly than the M103or M104 W-124 that he has, don't you think.