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800

financing a depreciating asset

They can't even keep up appearances; i.e. I see luxury cars with accident damage driving around b/c they can't afford to fix them.

I have never financed a vehicle and every used vehicle I have purchased (with cash) I have sold for +/- 10% of what I bought it for, because I improve them. Never paid more than $5000 for a car.

> financing a depreciating asset They can't even keep up appearances; i.e. I see luxury cars with accident damage driving around b/c they can't afford to fix them. I have never financed a vehicle and every used vehicle I have purchased (with cash) I have sold for +/- 10% of what I bought it for, because I improve them. Never paid more than $5000 for a car.

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[–] • 3 pts

Good strategy. I bought one new car. Will never do it again. Ended up costing me a few thousand when I sold it and the damn thing didn't even make it to 80k without major problems. I bought my BMW for 3k drove it for 3 years until the wife totaled it. The I got a car for free(long story I'll share if anyone wants) and bought a second for 400$ first one has been going strong for over 2 years second going on 6 months. Make friends with a mechanic and have a skill you can trade with them and cars should never be a problem for you. Now if only I could get him to sell me that damn crv

[–] • 1 pt

Make friends with a mechanic and have a skill you can trade with them

good good idea

[–] • 1 pt

Yeah I don't even own my own tools anymore I have access to any tool I could possibly need. Lifts air tools oxy torches welder litterally anything I could possibly need and if I can't handle it throw him 50 and its done. I have to do the timing belt on the one car soon and The kit cost 300$ but he said he would do it for another cheesecake.