I've bought two vehicles brand new.
First one was a 94 Ford Ranger 4-cy;. I drove it until I paid it off and
the 5 year warranty ran out. Then found I needed $2000 worth of suspension
and transmission work. I traded it in for the Dakota. Probably the
smartest move I ever made.
I paid my truck off in 48 months and have been without a truck payment for
the last 2 years. Not having the payment helped me save enough to buy my
house.
After almost 127k miles, I have no intention of trading the truck (unless
the yearly repairs get over $3000). Last year was my most expensive service
year; having spent over $1600 in Ball Joints, Tie Rods, Transmission gasket,
power steering hoses, 4 shocks, fan clutch, and front driveshaft repairs.
In the meantime, I've been quitely shopping for a gas saver or a small 2
seater convertible I can play around with in the summer.
-----------------------------------------------
Chris Reck
Bloomington, IL
'99 Dakota Sport + CC 4x4 V6 (Deep Amethyst)
"It's not the meat, it's how you apply the rub"
"Terrible Tom" <SilverEightynine@aol.com> wrote in message
news:45C51BC9.7080109@aol.com...
>
> droo wrote:
>
>>>
>>
>> I think his point was that buying a new car every five years and
>> constantly having a car payment is no way to increase your wealth. I
>> payed 20k out of pocket for my truck when I bought it brand new. If I
>> did that every 5 years for 20 years, that's 80,000 dollars. That's a
>> nice chunk of change. He just offered a different scenerio of buying
>> that would get you a decent car, not just save you alot of money, but
>> get a better yield from your savings.
>>
>
> Oh yeah - I got the drift... "your money can be spent better than if you
> keep buying cars" - is not a news flash LOL I've never bought a brand new
> car or truck and I would not consider doing it at all - with the exception
> of the Challenger... and even then 'm more inclined to wait a year or so
> till they get the "I gotta be the first on my block to own one" customers
> satisfied and the sticker prices come back down to earth... plus first
> runs usually have some bugs to work out, so I don't like the idea of
> buying a brand new car for that reason.
>
> I'll pick up one thats slightly used and has already taken the
> depreciation hit.
>
> --
> ------------------------------------------------------------
> Get a freaking rose tattoo and deal with it...
> ------------------------------------------------------------
> three busted-ass daks, a gas hog, and a rollerskate
> http://members.aol.com/silvereightynine/
> AIM & Yahoo: SilverEightynine
> ------------------------------------------------------------
>
This archive was generated by hypermail 2b29 : Thu Mar 01 2007 - 00:44:23 EST