After a brief spate of car fever, I did some research on (say) a Chevy Cruze Diesel or a Chevy Volt. What with the recent flooding in Houston, I convinced myself that buying used might be a bad idea, so I decided to check out incentives and options out there.
The short version: Math doesn’t lie.
Let’s say you finance a $30,000 at 0% interest for 5 years. That’s 60 months, so the math’s rather obvious: $30,000 / 60 == $500 / month.
Ouch.
The reality is, like a good Dave Ramsey acolyte, I’ll likely be buying used again. I haven’t bought a new car since 2004, and one can generally save thousands / tens of thousands of dollars that way.