We're going to move on to Ron's question.

He says, when is a lower interest rate worth paying the premium for a new car versus an

old one?

My wife and I are needing a new car.

And interest rates for used are like 7 to 8% where some deals for new cars have 3%.

Okay, so this one, I'm trying to think about how to answer this well.

Ron, the answer, I mean, it's going to be mathematics, right?

You got to weigh value of a used car versus cost of a used car with interest rate factored

in versus value of a new car versus cost of a new car with a lower interest rate factored

in.

Cars are hard decisions because they kind of suck, right?

They're expensive and they only require maintenance and they become less valuable through

time.

But sometimes buying a new car is just a five.

I know when my wife and I started having children, we said, hey, you know what?

There are some pretty cool safety features out there.

There are some stuff that will keep you inside the lane.

There are some stuff that will let you know if you're getting too close to car and

fruity.

There are some stuff that will let you see 360 degrees around the car.

So those kinds of things are valuable.

And so if you buy a four, five, six-year-old car, you might not have that technology.

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