Originally Posted by STROKD
Everything financed has a bottom line. When my house is paid for itll cost me over 350 grand. Is it a 350 k house? No its a gd 200 k house. Same goes for cars and everything in life that isnt paid cash for. Same thing can also be said for a new Mustang etc, you cant add that and taxes in to the total because its just part of the deal. I mean you can but its not comparing apples. I personally think this car is worth 34 k. A new Mustang not so much.
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The market maybe 200k, but if you pay 350k for the house, then that is what it cost you. Same for the car. If the car is 34k, but it costs you $40k due to everything added on to it, then it cost you 40k. If you have to finance the car, it's no longer 34k. You wouldn't be able to leave the dealership with it without the added expenses to the car unless you pay cash. It's pretty black and white.