Posted by: furke June 12, 2011
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Investing more than 2500 in a used vehicle is plain stupid.
Boy you got money, but no brains. If you have a little credit or a job; Go to a dealer near you. Buy any brand néw 2010 vehicle with zero percent interest for 6 or 7 years with zero down n ( no payments for 90 days if possible). Put that 5000 in a separate bank account and pay the minimum installments every month ($ 200-350) and enjoy brand new car for 2 yrs with that 5000 worry free.
Now if you buy any used car for 5000, in two years time you will spend extra 2000-5000 in repairs only. So actually your used car would cost 8500 (average) or even more in two years. With that repair money, you could make payments for another 2 years.
Now, frustrated with repairing your old machine, you decide to sell that old school for 1500 n bring home another new old machine for 5000 and same story again. If you invest that 3500 towards your new vehicle installments, it will b paid off.
I forgot to mention, new vehicles are energy efficient, safer, reliable(of course!), more enjoyable, n girls like to ride clean nice newer vehicles. Use brains now.
Boy you got money, but no brains. If you have a little credit or a job; Go to a dealer near you. Buy any brand néw 2010 vehicle with zero percent interest for 6 or 7 years with zero down n ( no payments for 90 days if possible). Put that 5000 in a separate bank account and pay the minimum installments every month ($ 200-350) and enjoy brand new car for 2 yrs with that 5000 worry free.
Now if you buy any used car for 5000, in two years time you will spend extra 2000-5000 in repairs only. So actually your used car would cost 8500 (average) or even more in two years. With that repair money, you could make payments for another 2 years.
Now, frustrated with repairing your old machine, you decide to sell that old school for 1500 n bring home another new old machine for 5000 and same story again. If you invest that 3500 towards your new vehicle installments, it will b paid off.
I forgot to mention, new vehicles are energy efficient, safer, reliable(of course!), more enjoyable, n girls like to ride clean nice newer vehicles. Use brains now.