don't buy new unless you have plenty of cash laying around so that when you buy your new car (with cash) and the value goes down it wont be a financial blow
that new cars will cost you lots more then you should be paying. New cars are for the rich who have money to spend. People like me should stick to the used junkers. Adam
New insight that I have gained regarding myths of purchasing new cars is that (contrary to popular belief) you don't always have to have car payments for the rest of your life.
I was surprised that a mutual fund could develop enough interest over a rather short period of time to help you gradually upgrade to different cars. I had assumed that you would just keep on saving money for the new car, not put that money into a mutual fund to get a greater return.
I was surprised at how easily and quickly you could save money to buy a new or more expensive used car if you paid yourself the money you would otherwise contribute to a car payment.
when you bye a new car the worth of it drops the second you get out of the lot, so only bye new cars if your a millionaire because then it wont matter if you blow some money.
don't buy new unless you have plenty of cash laying around so that when you buy your new car (with cash) and the value goes down it wont be a financial blow
ReplyDeletetravis
that new cars will cost you lots more then you should be paying. New cars are for the rich who have money to spend. People like me should stick to the used junkers.
ReplyDeleteAdam
New insight that I have gained regarding myths of purchasing new cars is that (contrary to popular belief) you don't always have to have car payments for the rest of your life.
ReplyDeleteAutumn
Dont buy new cars, car payments are not good and completely avoidable. You can easily upgrade with the money you save and invest for future cars.
ReplyDeleteI was surprised that a mutual fund could develop enough interest over a rather short period of time to help you gradually upgrade to different cars. I had assumed that you would just keep on saving money for the new car, not put that money into a mutual fund to get a greater return.
ReplyDeleteI was surprised at how easily and quickly you could save money to buy a new or more expensive used car if you paid yourself the money you would otherwise contribute to a car payment.
ReplyDeleteI shouldn't buy a brand new car. Instead I need to save up my money and buy a nice used car.
ReplyDeleteUse a sinking fund to buy a nice used car instead of a brand new one unless you have a ton of cash laying around.
ReplyDeleteSave up and buy a nice, older/used car. There really is no point in buying a brand new car. :)
ReplyDeleteYou really don't need a nice car as soon as possible. you should save your money so that you actually have the money before you make the purchase.
ReplyDeleteeyezik
when you bye a new car the worth of it drops the second you get out of the lot, so only bye new cars if your a millionaire because then it wont matter if you blow some money.
ReplyDeleteNice cars are worth less than you think within the time you purchase the car.
ReplyDeleteTo make sure you have saved up enough money for that first car, save some more sell the car, repeat and work up to the car you actually want.
ReplyDelete