Posted on 02/11/2015 9:03:36 AM PST by george76
That's why God gave us eBay and Craigslist.
Sheesh, keep the car longer than 60 months. Problem solved.
We keep ours 10 - 15 years. Five to 10 years of no payments is a God send.
This article must be featuring people who live on payday loans.
We buy 1-2 year old used with 10k to 25k on the clock. Save 25% to 30% over new price (let the other owner absorb the depreciation driving it off the lot). Put down 30% and finance for five years. Keep it 10 years or more.
Registration and insurance fees are a lot lower that way, too.
Not rocket science.
Dave says a lot of things
Anyway ... the used market is a gold mine to him because of his ability to analyze and repair for cheap
Boys USED TO come out of the womb clutching an imaginary stick shift ... today ... they get jobs that pay well enough to buy 'em and pay someone else to fix 'em when they're broke
I’m always entertained by people who will borrow $30k+ for a car. A car.
Or even worse, lease one. Signing a lease is basically just saying “Begin screwing me now”. You pay to get in, you pay every month you own it and then you pay to get out.
An example of what you are doing.
So you went into a stealership to buy a car that listed for $20k and you said “That price is too low. I want to pay $22,600 for it”.
That’s what happens when you finance a car.
“This article must be featuring people who live on payday loans.”
Yep, a lot of people have very poor financial judgement. The banks and financing companies are complicit in giving these people credit that they probably don’t deserve, though.
I take a minimalist approach to my daily driver, I have a 02 Saturn L200 which I got for $1250 for last year. It does what I need it to do and I factor maintenance in.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.