Comments on: Please Let Me Talk You Out Of Buying a New Car http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/ Good Habits for a Great Life! Thu, 09 Feb 2012 19:30:58 +0000 hourly 1 http://wordpress.org/?v= By: Jeff http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-8532 Jeff Mon, 27 Sep 2010 13:30:52 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-8532 AD - This is a great question. I think you stop dumping money into an older car when you can afford to buy something better. Also, you need to put aside an emergency fund to deal with the repairs. I understand these are both easy things to say from here, but they are what needs to be done. Save a little each month until you can buy a <em>slightly</em> better vehicle. Keep doing this and eventually you'll be driving something pretty decent. Check out <a href="http://www.daveramsey.com/article/drive-free/lifeandmoney_automobiles?atid=davesays" rel="nofollow">the video about this by Dave Ramsey</a>. Some of what you'll hear isn't exactly your situation, but the principles still apply. AD – This is a great question. I think you stop dumping money into an older car when you can afford to buy something better. Also, you need to put aside an emergency fund to deal with the repairs. I understand these are both easy things to say from here, but they are what needs to be done. Save a little each month until you can buy a slightly better vehicle. Keep doing this and eventually you’ll be driving something pretty decent. Check out the video about this by Dave Ramsey. Some of what you’ll hear isn’t exactly your situation, but the principles still apply.

]]> By: AD http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-8528 AD Sun, 26 Sep 2010 03:17:30 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-8528 So at what point do you stop dumping money into an older car? We got hit pretty hard with some unexpected medical expenses last year and don't have any cash to purchase another one. Each time we have a repair (usually $400+) we end up putting it on a 0% credit card. At some point, it's going to add up and we won't be able to pay off before the interest rate begins. Any suggestions? We are OK with keeping the older car, just a bit concerned that it the repairs will get more expensive. Tranny acts up once in a while too. So at what point do you stop dumping money into an older car? We got hit pretty hard with some unexpected medical expenses last year and don’t have any cash to purchase another one. Each time we have a repair (usually $400+) we end up putting it on a 0% credit card. At some point, it’s going to add up and we won’t be able to pay off before the interest rate begins. Any suggestions? We are OK with keeping the older car, just a bit concerned that it the repairs will get more expensive. Tranny acts up once in a while too.

]]> By: Clifford McCarthy http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-6809 Clifford McCarthy Fri, 18 Dec 2009 09:54:49 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-6809 This is what people need to know. Most people these days feel the need to just scrap there car as they are under pressure with the environmental issue. But a lot of people don’t no how to fix there car or even where to go to simply swap it, it’s all about the other person making money. There are used out there that are reliable cheap and low on cost when it some to fuel insurance and tax so why put yourself in a sticky situation? .-= Clifford McCarthy´s last blog ..<a href="http://www.motoring.co.uk/car-news/price-announced-for-the-skoda-superb-estate_16657" rel="nofollow">Price announced for the Skoda Superb Estate</a> =-. This is what people need to know. Most people these days feel the need to just scrap there car as they are under pressure with the environmental issue. But a lot of people don’t no how to fix there car or even where to go to simply swap it, it’s all about the other person making money. There are used out there that are reliable cheap and low on cost when it some to fuel insurance and tax so why put yourself in a sticky situation?
.-= Clifford McCarthy´s last blog ..Price announced for the Skoda Superb Estate =-.

]]> By: Free of State » Blog Archive » 75 Money Saving Tips For Surviving A Recession http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-5618 Free of State » Blog Archive » 75 Money Saving Tips For Surviving A Recession Thu, 23 Jul 2009 17:12:53 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-5618 [...] Do not buy new cars - Buy a used car, and drive it until the wheels fall off. My grandfather has driven two vehicles in 34 years! Sam Walton drove a twenty year-old pickup truck right up until the time he died. Don’t tell me it can’t be done. Remember, a new car is “used” the minute you drive it off the showroom floor. [...] [...] Do not buy new cars - Buy a used car, and drive it until the wheels fall off. My grandfather has driven two vehicles in 34 years! Sam Walton drove a twenty year-old pickup truck right up until the time he died. Don’t tell me it can’t be done. Remember, a new car is “used” the minute you drive it off the showroom floor. [...]

]]> By: Jordan http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-5381 Jordan Tue, 16 Jun 2009 20:29:40 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-5381 You simply have to be able say 'no, thanks at that price' at least once to the dealer. This gives them a strong message that you are serious about your research. You should also bring a piece of paper to the dealership and make sure you do all the math of the finance calculations yourself. The point is not that they will do the math wrong. The point is you will see exactly how the deal is structured. Do not be afraid to take the time to do this or look like a fool for mapping out your car deal in the dealership. My dad swears by this process, <a href="http://tinyurl.com/nxutm2" rel="nofollow">http://tinyurl.com/nxutm2</a> You simply have to be able say ‘no, thanks at that price’ at least once to the dealer. This gives them a strong message that you are serious about your research.

You should also bring a piece of paper to the dealership and make sure you do all the math of the finance calculations yourself. The point is not that they will do the math wrong. The point is you will see exactly how the deal is structured. Do not be afraid to take the time to do this or look like a fool for mapping out your car deal in the dealership.

My dad swears by this process, http://tinyurl.com/nxutm2

]]> By: ERAU student http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-1725 ERAU student Wed, 30 Jul 2008 14:36:57 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-1725 I'm currently in college, my first vehicle was an '05 Town & Country (I love large SUV's but my parents are irritatingly pro-environment). At any rate I drove and took care of that car maintaining it every 3K miles, nevertheless it managed to have some part of it fall off every time I drove it. At 36k miles the radiator blew up, literally blowing the hood off of it. The replacement was a Taurus (small but reliable), from the insurance payoff. The Taurus has been great, and I plan to keep that until it dies, but in addition, when I graduate I would love to get my dream SUV, an Expedition, or LR3 Discovery. Believe it or not an LR3 in the highest trim on it can be found for $22k with 33k mi on it, compared with the $38k base price new. I'm all for buying used if it's still in good condition, and if you can get the extended warranty on it, as I did for the Taurus which will last until the car passes through 100k miles regardless of how old in years it is. I’m currently in college, my first vehicle was an ’05 Town & Country (I love large SUV’s but my parents are irritatingly pro-environment). At any rate I drove and took care of that car maintaining it every 3K miles, nevertheless it managed to have some part of it fall off every time I drove it. At 36k miles the radiator blew up, literally blowing the hood off of it. The replacement was a Taurus (small but reliable), from the insurance payoff. The Taurus has been great, and I plan to keep that until it dies, but in addition, when I graduate I would love to get my dream SUV, an Expedition, or LR3 Discovery. Believe it or not an LR3 in the highest trim on it can be found for $22k with 33k mi on it, compared with the $38k base price new. I’m all for buying used if it’s still in good condition, and if you can get the extended warranty on it, as I did for the Taurus which will last until the car passes through 100k miles regardless of how old in years it is.

]]> By: 75 Tips to Survive a Down Economy | Frugal Dad http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-1387 75 Tips to Survive a Down Economy | Frugal Dad Mon, 16 Jun 2008 11:00:50 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-1387 [...] Do not buy new cars - Buy a used car, and drive it until the wheels fall off. My grandfather has driven two vehicles in 34 years! Sam Walton drove a twenty year-old pickup truck right up until the time he died. Don’t tell me it can’t be done. Remember, a new car is “used” the minute you drive it off the showroom floor. [...] [...] Do not buy new cars – Buy a used car, and drive it until the wheels fall off. My grandfather has driven two vehicles in 34 years! Sam Walton drove a twenty year-old pickup truck right up until the time he died. Don’t tell me it can’t be done. Remember, a new car is “used” the minute you drive it off the showroom floor. [...]

]]> By: Spreadsheet: New Car Cost vs Old Car Cost, Version 1.0 | FinancialRamblings.com http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-1303 Spreadsheet: New Car Cost vs Old Car Cost, Version 1.0 | FinancialRamblings.com Wed, 04 Jun 2008 14:20:25 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-1303 [...] Please Let Me Talk You Out Of Buying a New Car - mysuperchargedlife.com [...] [...] Please Let Me Talk You Out Of Buying a New Car – mysuperchargedlife.com [...]

]]> By: Used Car Buying Guide for Teenagers | Frugal Dad http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-1286 Used Car Buying Guide for Teenagers | Frugal Dad Mon, 02 Jun 2008 11:00:37 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-1286 [...] the American teenager like getting a car of their own. Most parents would love to give their kids a new car when they turn sixteen, or when the graduate high school, but few can afford it. Still, some out [...] [...] the American teenager like getting a car of their own. Most parents would love to give their kids a new car when they turn sixteen, or when the graduate high school, but few can afford it. Still, some out [...]

]]> By: Weekly Roundup: All-Star Celebration Edition | Frugal Dad http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/comment-page-1/#comment-1278 Weekly Roundup: All-Star Celebration Edition | Frugal Dad Sat, 31 May 2008 15:21:57 +0000 http://mysuperchargedlife.com/blog/please-let-me-talk-you-out-of-buying-a-new-car/#comment-1278 [...] Please Let Me Talk You Out of a New Car at My Super-Charged Life.  Wish this one was posted around every new car lot in my community.  I frequently hear people bemoaning their new car payments after the new car smell has faded. [...] [...] Please Let Me Talk You Out of a New Car at My Super-Charged Life.  Wish this one was posted around every new car lot in my community.  I frequently hear people bemoaning their new car payments after the new car smell has faded. [...]

]]>