Yep,
But I am starting to see the benefits (If I buy a higher end car) rather than a daily run around as I can put that extra money somewhere else to hopefully gain some rather than have it in a car that is losing money, all the time. if the extra invested could balance the scales of the interest on the financed vehicle then its neutral and I am happy...
Was similar when we bought last house, I had enough to buy outright but meant we couldnt renovate it, I found a mortgage @ 0.7 above Bank of England base rate which was 5.4 at the time so i was paying 560 a month i think, when the rate started dropping i fixed the payment at the 560 as that was what we were used to, well, however many years at 1.2% meant i was overpaying tons on my repayment mortgage, net result when we sold up was a hefty profit + the cash I never sunk in to buy it in first place.
And now we are in an Aluminium can and loving it, and more importantly....life, my only debt is 2 brats at Uni, but I am glad I can give them the opportunity, even if I was bright enough it would not be the environment i would achieve in..