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06-06-2022 | 02:13 AM
#73
Line Holder
Joined: Jun 2017
Posts: 991
Likes: 9
06-06-2022 | 05:00 AM
#74
Gets Weekends Off
Joined: Nov 2016
Posts: 2,607
Likes: 12
Never in my life have I spent more than $5000 for any car. Always paid cash. Take care of them and drive them into the ground.
Cars are utilities, nothing more, unless you can afford better.
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"It's really expensive to be poor" is true enough though. People making $30k/yr can't afford a cash car for $5k and get sucked into 7+ year loans for USED cars. Which they can't afford to take care of. It's a vicious cycle.
Cars are utilities, nothing more, unless you can afford better.
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"It's really expensive to be poor" is true enough though. People making $30k/yr can't afford a cash car for $5k and get sucked into 7+ year loans for USED cars. Which they can't afford to take care of. It's a vicious cycle.
06-06-2022 | 05:58 AM
#75
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,132
Likes: 797
From: Engines Turn or People Swim
I generally spend more than $5000 but I agree with the premise. I always buy used cars. Never finance (I'm not a Ramsey disciple but I don't like financing things that depreciate). Maintain my cars well. And drive them till they are falling apart or, more usually, circumstances change requiring I have a different model vehicle.
06-06-2022 | 06:28 AM
#76
Gets Weekends Off
Joined: Aug 2009
Posts: 841
Likes: 0
The newest car in my fleet is a 2003, which has been my airport beater and work truck for years. Otherwise it's a fleet of classic cars I keep insured under Grundy for agreed value, which go up every year in agreed value. No limousines however.
06-06-2022 | 07:50 AM
#78
Gets Weekends Off
Joined: Jul 2013
Posts: 5,284
Likes: 103
06-06-2022 | 12:08 PM
#80
Line Holder
Joined: Jul 2011
Posts: 476
Likes: 1
Are you saying that your suits, watches, and cars don’t all cost the same amount? Apparently, $5,000 is a good price for all three of these items.
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