Comments on: Should you buy a used car or new car? http://christianpf.com/buying-used-car-over-new-car/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: CharlesT http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-105871 CharlesT Tue, 15 Mar 2011 01:29:58 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-105871 Thanks for this article - I need to trade in my very used (269,000 miles) Dodge minivan, and have been looking at new vehicles. Thanks for reminding me how much smarter it is to buy used! Thanks for this article – I need to trade in my very used (269,000 miles) Dodge minivan, and have been looking at new vehicles. Thanks for reminding me how much smarter it is to buy used!

]]> By: KETAN RINDANI http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-20153 KETAN RINDANI Wed, 20 Jan 2010 10:59:59 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-20153 Although Cameron's idea is really cool and I appreciate the spirit of this post, there is a moot point made by DelCid above. You need to have a trusted engineer who will scan the used car on sale inside out before you give your heart to it! It shouldn't turn out to be a penny-wise-pound-foolish decision!! Although Cameron’s idea is really cool and I appreciate the spirit of this post, there is a moot point made by DelCid above. You need to have a trusted engineer who will scan the used car on sale inside out before you give your heart to it! It shouldn’t turn out to be a penny-wise-pound-foolish decision!!

]]> By: Cameron http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-19187 Cameron Thu, 31 Dec 2009 17:19:24 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-19187 Exactly one year ago I had a $375 truck payment on a $13,500 loan and the truck was only worth about $11k. I put the truck up for sale and luckly sold it for $11,500, with the difference coming out of my pocket. I bought a 95 4runner for 2k, drove it for a couple of months and sold it for $3200. I used that money to buy another 4runner for $1,500. Again drove it a couple of months, sold it for 3,000. I did this a couple more times with various vehicles. Yesterday I paid cash for a 2004 GMC Envoy fully loaded. It books for about 13k and I have about $3k of my money that wasnt made off of buying and selling vehicles. It can and will work. It takes many hours of searching on craigslist and such and a little bargaining with people but I know have almost $400 a month going to pay off student loans. Exactly one year ago I had a $375 truck payment on a $13,500 loan and the truck was only worth about $11k. I put the truck up for sale and luckly sold it for $11,500, with the difference coming out of my pocket. I bought a 95 4runner for 2k, drove it for a couple of months and sold it for $3200. I used that money to buy another 4runner for $1,500. Again drove it a couple of months, sold it for 3,000. I did this a couple more times with various vehicles. Yesterday I paid cash for a 2004 GMC Envoy fully loaded. It books for about 13k and I have about $3k of my money that wasnt made off of buying and selling vehicles. It can and will work. It takes many hours of searching on craigslist and such and a little bargaining with people but I know have almost $400 a month going to pay off student loans.

]]> By: DelCid http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-11889 DelCid Tue, 21 Apr 2009 15:30:47 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-11889 Depreciation should always be factored into the equation. Consumers planning to keep a car for fewer than five years will likely get a better value buying a used car from a recent model year, which already has that initial depreciation built into the price. But if you plan on hanging onto the car for at least five years, it’s alright to go for that temptingly priced new car. The price of a car that’s more than five model years old is largely determined by its condition, rather than the initial selling price. Depreciation should always be factored into the equation. Consumers planning to keep a car for fewer than five years will likely get a better value buying a used car from a recent model year, which already has that initial depreciation built into the price. But if you plan on hanging onto the car for at least five years, it’s alright to go for that temptingly priced new car. The price of a car that’s more than five model years old is largely determined by its condition, rather than the initial selling price.

]]> By: * Weekly Highlights: February 22, 2009 http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-11387 * Weekly Highlights: February 22, 2009 Wed, 08 Apr 2009 02:04:44 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-11387 [...] I found this great video at Christian Personal Finance created Dave Ramsey’s Financial Peace University take a look:Have a great Sunday! Related [...] [...] I found this great video at Christian Personal Finance created Dave Ramsey’s Financial Peace University take a look:Have a great Sunday! Related [...]

]]> By: PINGPING http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-10452 PINGPING Mon, 09 Mar 2009 03:43:49 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-10452 What about the higher maintenance costs with a used car? What if you have the $$$ for cash purchase for a new car vs used car? BTW your "FREE CAR" is costing you north of $600 a month What about the higher maintenance costs with a used car?

What if you have the $$$ for cash purchase for a new car vs used car?

BTW your “FREE CAR” is costing you north of $600 a month

]]> By: Rich Life Carnival #33 | Rich Life Equals Better Life http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-10029 Rich Life Carnival #33 | Rich Life Equals Better Life Mon, 23 Feb 2009 06:16:29 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-10029 [...] presents Should you buy a used car or new car? posted at Money in the Bible | Christian Personal Finance Blog, saying, “This video presents [...] [...] presents Should you buy a used car or new car? posted at Money in the Bible | Christian Personal Finance Blog, saying, “This video presents [...]

]]> By: Free Cars Video From Dave Ramsey’s Financial Peace University | Greatnexus http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-10016 Free Cars Video From Dave Ramsey’s Financial Peace University | Greatnexus Sun, 22 Feb 2009 18:53:21 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-10016 [...] you buy a used car or new car? Here’s a great I found via Christian Personal Finance created Dave Ramsey’s Financial Peace University take a [...] [...] you buy a used car or new car? Here’s a great I found via Christian Personal Finance created Dave Ramsey’s Financial Peace University take a [...]

]]> By: Pinyo http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-10009 Pinyo Sun, 22 Feb 2009 16:02:09 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-10009 Aside from some minor points, I think it's an excellent video. Nice find! Aside from some minor points, I think it’s an excellent video. Nice find!

]]> By: Sales Tax Deductions For New Car Buyers in 2009 Obama Economic Stimulus Package | Bible Money Matters http://christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-9977 Sales Tax Deductions For New Car Buyers in 2009 Obama Economic Stimulus Package | Bible Money Matters Sat, 21 Feb 2009 13:15:47 +0000 http://christianpf.com/buying-used-car-over-new-car/#comment-9977 [...] me excited about buying a new car. For me, buying a 2-3 year old used car and paying cash is still the only way to go! As soon as a new car gets driven off the lot, it loses a huge chunk of it’s value. When [...] [...] me excited about buying a new car. For me, buying a 2-3 year old used car and paying cash is still the only way to go! As soon as a new car gets driven off the lot, it loses a huge chunk of it’s value. When [...]

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