Originally Posted by X2Board
What?! You mean you keep all of your cars until you pay them off? With super low interest rates why wouldn't you finance and sell if you wanted to? I've been through 4 cars in the last 5 years and I haven't lost a penny in any of the deals. (I stopped buying new after my first 11 cars) it's called using othe people's money.
I don't consider myself a poor planner and with an 840 fico I am definitely not financially irresponsible.
Sorry...I guess I made an assumption that the seller bought the car new and is now taking a huge hit with depreciation in addition to having financed it. This may or may not be true. What you do is actually a slick way of doing it. Kudos to you !!!