Editorials & Other Articles

at140

(6,110 posts)

17. Anyone can have the funds if ....

Sat Jun 22, 2019, 11:37 PM

Jun 2019

they do not START buying newer cars. When you do that you pay mucho money in interest.
Sacrifice in your youth with only crap/cheap cars and instead of car payments save the money in bank.
Sooner or later you will have enough to buy a new car.

As soon as you pay cash for that first new car, START IMMEDIATELY saving for the next new car with the money saved on interest. You will never pay car loan interest for your entire life.

Trouble is young people want to drive snazzy cars ASAP.

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The road to riches is this simple: Drive a crappy car [View all] Zorro Jun 2019 OP

I've owned exactly one new car in my 64 years. trev Jun 2019 #1

I've owned 0 in my 52, so you're one up on me :) mr_lebowski Jun 2019 #3

New cars never really impressed me. trev Jun 2019 #6

Doing much the same unc70 Jun 2019 #20

They're great cars man ... I've had 3 cars since 1994 ... all Acura's. And I drive A LOT mr_lebowski Jun 2019 #21

Fairly high end, loaded for their year, comfortable unc70 Jun 2019 #23

Next January I will pay off the only car I've ever financed. underpants Jun 2019 #2

That is so true customerserviceguy Jun 2019 #4

I have a 22year old Lexus MLAA Jun 2019 #5

My only new car trev Jun 2019 #11

I am a creature of habit....so use to the old Lexus nothing else works for me. MLAA Jun 2019 #16

Understood. trev Jun 2019 #26

But it sure is a good looking car. MLAA Jun 2019 #34

Yes, they look nice. trev Jun 2019 #37

Yep. Dulcinea Jun 2019 #42

You should see what his house looks like! SHRED Jun 2019 #7

Down to earth. Sensible. unblock Jun 2019 #8

Wow! MLAA Jun 2019 #18

Since it's in San Diego ... I guess I could deal with that pad ... you know, if I HAD to ... mr_lebowski Jun 2019 #22

I'd say the road to riches has more to do with the "making nearly a hundred million dollars" fishwax Jun 2019 #9

Yep. trev Jun 2019 #12

I did not buy my first car MADE in the 21st century until 2012... Moostache Jun 2019 #10

heh trev Jun 2019 #13

I found a better way than buying crappy cars....... at140 Jun 2019 #14

Nice to have the funds to do that. trev Jun 2019 #15

Anyone can have the funds if .... at140 Jun 2019 #17

Not my experience. trev Jun 2019 #27

U never had to pay for collision coverage? onetexan Jun 2019 #31

When you pay cash, collision insurance is TOTALLY optional! at140 Jun 2019 #40

Gotcha. We still have a college kid on our policy, and even when she's on her own i'm not sure onetexan Jun 2019 #41

I have an entire PoindexterOglethorpe Jun 2019 #19

The fact that I've never bought a new car SHRED Jun 2019 #24

I bought my first and only new car in 2006. Doreen Jun 2019 #25

I thought that of my last car, too. trev Jun 2019 #28

Me too. trev Jun 2019 #29

Only had the new-car smell once Freddie Jun 2019 #30

Here I must weigh in about old beater cars. raccoon Jun 2019 #32

We are relatively poor, lower middle class... Blue_playwright Jun 2019 #33

OP, they make a spray that smells like "new car smell" - thats a lot cheaper. BTW those Kashkakat v.2.0 Jun 2019 #35

or buy a new car, and keep it until it runs no more Skittles Jun 2019 #36

i do this: gay texan Jun 2019 #38

The key is to buy a good, reliable car, and keep it a long time. SunSeeker Jun 2019 #39

An old car is also, ironically, the most environmentally friendly MosheFeingold Jun 2019 #43

My car is 22 years old and 250,000 miles. lagomorph777 Jun 2019 #44

It's funny because Leonard can get a 100% FREE car with a phone call... Blue_Tires Jun 2019 #45