(December 3, 2016 at 4:17 am)Tonus Wrote:(December 2, 2016 at 10:18 pm)mh.brewer Wrote: Pay cash when you can for new automobiles. Paying interest on something that depreciates instantly, do the math.
Another way to look at this: don't buy a car unless it's at least three years old. It will have lost considerable value within the first three/four years but should still be in good/great shape. For luxury cars that rule is more like six-to-eight years.
Also... I don't have a budget-- I keep a ledger. Instead of planning my spending beforehand, I track it as I go. Looking at my ledger tells me how much I'm actually spending on stuff, including stuff I need (food, mortgage, utilities) and stuff I can do without (entertainment, miscellaneous items). Knowing where my money is really going is a great help in figuring out where to cut back.
When you buy used cars where do you usually buy them from?
Being told you're delusional does not necessarily mean you're mental.
