View Single Post
Old 12-07-2006, 10:57 PM   #10
substanger
MachJunkie
 
substanger's Avatar
 
Join Date: Oct 2002
Location: KC area
Posts: 2,251
Re: Prob selling the mach! Black 03 49k in MASS.

Quote:
Originally Posted by instantmassege View Post
I am just tired of making payments every month.
Smart man!!

Just think if you invested that monthly payment in a mutual fund that earned a modest 10% over the next 30 years or something, and drove used cars that you paid cash for.

I don't know what the exact amount would be, but depending on your investment ($350 a month), the term, and the interest rate, you'd have over a couple of million dollars at retirement. Think about that!!

I'm done with car payments!! I just wish I hadn't waited until I was 39 years old to figure that out.
__________________
Past Mustang Ownership...'03 Mach 1 (Sold 11/07/06), '84 GT-5 speed-my first 'stang; '91 GT-5 speed; '70 M-code(351C) Mach 1; '95 Supercharged GT-S, 5 speed, totalled; '95 GT-S, 5 speed-replacement for totalled GT-S; '90 LX 5.0 5 speed; '89 LX 5.0 convertible 5 speed; '69 M-code(351W) Mach 1, 4 speed, A/C, fold down, slats, both spoilers; '90 LX 5.0 convertible.
substanger is offline   Reply With Quote