Wrong again.
I paid 16.5K for the car based on milage and features my Insurance company appraised the car at 22.5. I could wrap it around a pole and make 6K. I can drive the car for another 70K miles and still sell if for 12K. Insurance mind you that I live in one of the highest premium states in the nation I will pay 1300 for the entire year. My payment 260 a month and I split it into bi monthly payments. I put nothing down financed it with my insurance company and have an intrest rate of 6.31% and purchased it privately. A tank of gas costs me 11 bucks more then the 4runner. And thats only because it has a 20 gallon tank instead of a 16. And I get basically the same fuel economy.
Sadly it amazes me how naive some of you are.
In the last 3 years I have purchased a 2001 toyota tacoma prerunner with stepside bed. again zero down 280 a month purchased for 13.5K and sold it for 16K in less then a year.
Bought a 2005 Dodge ram brand new window sticker 33.5K paid 22.3K owned it 6 months and sold it for 24K. Employee pricing rocks.
Picked up an 87 4runner paid 1800 for it was turboed had it 3 weeks threw a rod.
Bought an 03 altima sl packaged booked for 18.5 paid 13.5 lease return. Sold it for 16.3K again only had it 8 months.
My 4runner in my avatar. I am invested financially into it for about 9600 so far in a time span of 7 years and that includes purchasing it and all of the investments I have made in engine work in the past year. That in itself breaks down to what. Roughly 1400 a year to own it. and my insurance on that is 600 a year.
BTW I have been working in car dealerships for nearly 10 years and sold cars for the last 2 of those years. I have worked finance sales service and the lot. I guess I did not learn too many things over the years. After all I know nothing about fuel economy or finances.
