Comments on: Reason #211 Not to Have Car Payments https://eliteedgemoney.com/reason-211-not-to-have-car-payments/ Money | Minimalism | Mohawks Sat, 08 Apr 2017 11:14:03 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Devin Parker https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-20493 Fri, 18 Mar 2011 11:48:49 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-20493 I’m drivin an 01 crown vic police interceptor with 138451 miles (I’m in it right now) I got 6 more payments on it! The car runs like a dream.. always starts right up tranny is solid doesn’t leak any fluids and not as bad on gas as it may seem. I know I’m going to have this car for a long time drivin for basically nothin (oil changes every 4000 miles, gas, tires, other routine maintenence) and I’m 21 with thousands saved up in the bank! how’s that for being responsible

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By: J. Money https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1820 Fri, 09 Apr 2010 20:32:48 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1820 Holy crap, this is a HUGE database of car information! haha…thanks for sharing everyone! I can’t respond to everyone here, but it was a pleasure reading through all these :) Here are few shout outs:

@Money Beagle, Brian, Trina, Shelley, Brian – Thanks! I was just told it was a “piece of $hit” by a friend ;) But hey, as long as the owners love it who cares, right?
@sarah oneill – Your husband is a car dealership manager? AWESOME!!! I’d be in a lot of trouble too if either I or my wife worked at one…glad you’re calming things down a bit now – 1 a year is insane. But I’m guessing you got the hook up like crazy ;) Ooooh, wait a second. If I were to drive out there would your man hook me up too? Is it a Benz dealership? haha….
@bestmommy – The Escalade is still in my Top 3 cars to own one day – Enjoy it! :) Esp if you blinged it out…
@Stacey – 0% interest is where it’s at. unless it gets you to spend even more than you wanted…hate when that happens.
@Steveoismynameo – Well done, sir. Def. makes more sense.
@Brian Drolet – I’ve been eyeing a motorcyle too actually, but I doubt I’ll pull the trigger anytime soon…it’s already been 3 years now since I’ve started thinking of it :) and that’s WITH my dad already owning one! but if my bro picks one up, I might be in trouble.
@Shannon – OOoooh really? I haven’t thought about the VIP service like that, thanks for the insight! You better have my back here on the blog when I blog about it one day ;) I’m gonna get some haters for sure…
@Claudia – That’s a great question and I have noooo idea when you cut your losses. I think it’s just a matter of what feels good to you and what you prefer in each instance. I could tell you that if I were driving long distance to work every day I’d have DEF gotten that Benz by now…safety/reliability becomes even more important then.
@Anysa – I’m here for you, baby ;) thanks for reading!
@Yana – Tapering windows? haha…never heard of that one before.
@Jen – YES yes YES. I always miss my older car for sure. I mean, it’s hard not to after spending so much quality time with them, right? In fact, 2 cars ago I had the EXACT same Cadillac I do now except it was black. Then It died and I got that Highlander, which was fine, but when I saw this Red Caddy I got all nostalgic again and said F it – I’m going back! And now here we are one happy family again :) So yes, missing your old cars def. come into play. Unless it was just junk and pissed you off.
@Tom – Hah! I did NOT see that coming when you started listing out those first 2 fancy pants cars – good one :) I guess it is good we grow up like that, but sometimes I wish we didn’t….growing up can get boring.
@Your Mogul – “Brand new cars are soooo 1990s.” haha…good one.
@Heather – Oooooh…RDXs are smooth as hell. really REALLY like those guys, but you’re right it comes along with a pretty hefty price tag….the price of V.I.P.! ;)
@Manny – No doubt, the amount you drive around is a big factor.
@StackingCash – You are tempting me!!! You devil…in a good way :)
@Meg – I just had to Google that Cosworth car….never heard of, but would love to test drive one to see what the fuss is about! I always base my opinions on the way cars look over anything else, haha…once i *drive* one though it usually changes my idea REAL fast…for the good and the bad.

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By: Meg https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1817 Fri, 09 Apr 2010 20:10:38 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1817 The comments here are almost way more interesting than the post itself, ha… So funny to read how many people have SUV’s and *had* to have them. (Don’t give me your paltry excuses, you CAN get by without them, what do you think Europeans do?!?! Waste of space IMO.) Then again, Americans don’t get the awesome assortment of wagons to choose from that Europe & Japan does, because everyone would rather buy giant SUV’s and be afraid of wagons and hatchbacks.

Then again, the hubs and I are those annoying “rich” sports car driving folk. With NO car payments and NO annoying kiddos to think about. My oldest is 20 years old this year, the middle “child” is 13 and our youngest is going to be nine. They eat a good part of the budget every month, because we want them to and they’re pretty much our *only* hobby. Car spending comes first! :)

Though today… I was tempted to want a $23k loan to buy the 1994 Ford Escort RS Cosworth I was shown…. I want that Cosworth something awful, haha! :D

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By: Jenna https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1768 Thu, 08 Apr 2010 17:15:38 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1768 I drive a 2007 Mazda3 that will be 4 years old this summer and still runs great. I’m fortunate enough not to have a payment, so I put away money each month with the goal that I can pay cash when I need to buy my next vehicle. And I hope that won’t be for another 4-6 years, at least!!

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By: duddes02 https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1730 Wed, 07 Apr 2010 19:06:24 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1730 Zero. Hooray for public transportation.

I used to have a Honda Accord that I paid about $300 for. It got totalled in an accident and I got the retail value paid to me. I made a little extra after I paid back my loan.

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By: jake https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1728 Wed, 07 Apr 2010 17:22:55 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1728 2001 Rodeo with 155,000 miles and 2006 Ascender w/ 57,000 miles. Bought the Ascender last summer w/ 38,000 for $7700 with a swipe of the credit card that was paid off the next billing statement.

The frustrating thing is that I have collision insurance for the Ascender (extra $40 per month). Maybe in 4 years when that isn’t worth anything I’ll drop the insurance.

I didn’t want to pay much as I thought that maybe my next car would be electric.

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By: StackingCash https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1716 Wed, 07 Apr 2010 07:15:32 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1716 We have a 2001 Acura CL Type S and a 2005 Acura RSX both bought new and paid off. Kind of expensive cars but they have served us well and I anticipate a decent resale value if we ever decide to get rid of them. The only thing I dislike about these cars is that I feel like I have to spend a lot on maintaining them. As for a new C300, I would highly recommend it. The experience of luxury service when you own a luxury car surprised me. They really kiss your butt to make sure you buy another car from them. Don’t underestimate the resale value of a luxury car either, unless you get a totally screwed up deal. I’m constantly surprised when people make offers to buy my cars as I’m sure many want to buy your sweet Caddy. Always difficult to balance saving and spending but life is truly too short to be so miserly.

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By: Brian https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1713 Wed, 07 Apr 2010 02:17:28 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1713 I don’t want to spend on the car I do have either! We’re sharing the little Cobalt while we finish off the Dave Ramsey plan, and we’re hoping the pain of that will keep us highly motivated. 4 people, rolling in a Cobalt, and one of those people is 6’4″ (me). So, we are suffering for our debt free dream. Love the Caddy pics.

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By: Manny https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1712 Wed, 07 Apr 2010 02:05:32 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1712 Sometimes other factors would dictate how often you should change cars. If your lifestyle and work demands a lot of traveling, then the dependability of your car can be a crucial factor. Being late to a very important business appointment can wipe out the savings you have kept from not buying a brand new car. Plus, the peace of mind that you have knowing that your car won’t bog down on you that easily can be priceless. But I guess different people have different priorities.

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By: David Wilcoxson https://eliteedgemoney.com/reason-211-not-to-have-car-payments/#comment-1710 Wed, 07 Apr 2010 00:39:05 +0000 https://staging.eliteedgemoney.com/?p=1161#comment-1710 It’s amazing how much money is lost to vehicle depreciation and to interest charges. If you add those costs up over a 40 year period, it’s staggering to think what you could have done with all of that money and how much interest you could have earned if you saved/invested it.

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