If you save $10,000 by buying a Toyota Camry instead of a BMW and invest that $10,000 in stocks with an average annual return of 10%, at the end of 10 years (about when your Toyota is coming up on that 150,000-mile mark) you'll have $25,937.
At that point, save another $10,000 by buying a less expensive car, invest it, and the combined savings on those two cars will, 10 years from that second purchase, be worth more than $93,000...Can driving a car that is $10,000 more expensive than another really be worth nearly $100,000 to you?
Great stuff. Read the rest here.
1 comment:
Works great if you pay cash! Toyotas are even out of my league these days... And you know that no one's really buying the BMW for the "value."
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