Quote:
Originally Posted by DAVES
We tend to be suckered, by people that are good at selling and at spinning math. Typical sale of too many things, it is only $$$$ per month. Typical of a car two year lease with $770 down and it is only 250 a month. How many only hear the 250 a month. The 770 adds 770 divided by 24 months 32.08 a month. That 250 is 282. It is all legal.
So many similar gochas. Credit card interest. Cable TV for only $$$$ a month you can add ???????????? Where does my money go? Many need to write it down to see.
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I live off the amount of the monthly bills so if I put money on a lease it is to get what I pay each month down. If I take out a loan or mortgage I take it for as long as I can to keep the monthly payment down knowing I pay more in the long run. The bond is part of escrow thus my mortgage and the bank takes care of it so I don’t have to do anything with it. When we sell our house the bond will be paid off unless we both die long before we expect to but we bought at age 55 so hopefully…