Comments on: Save money on car depreciation http://christianpf.com/save-money-on-car-depreciation/ 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: Rod Cadenhead http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-132128 Rod Cadenhead Mon, 12 Sep 2011 12:42:40 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-132128 Since college I have owned two vehicles. One was a 1986 Nissan truck I drove 13 years and the other is a 1999 GMC truck which I still use daily. Although I obviously keep vehicles as long as I can I will not buy another new vehicle. My goal is to only own one more vehicle in my lifetime. Cars are just way too expensive and can easily drain finances which can be put to better use than getting from point A to point B as mentioned in the article. Since college I have owned two vehicles. One was a 1986 Nissan truck I drove 13 years and the other is a 1999 GMC truck which I still use daily. Although I obviously keep vehicles as long as I can I will not buy another new vehicle. My goal is to only own one more vehicle in my lifetime. Cars are just way too expensive and can easily drain finances which can be put to better use than getting from point A to point B as mentioned in the article.

]]> By: Scott http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-105974 Scott Sat, 19 Mar 2011 00:48:33 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-105974 I completely disagree with the wisdom of buying a used car. Even my mechanic, who knew it would cost him business, suggested a new one. Even if a car is only 2 years old, you have no way of knowing if the oil has ever been changed and the muli point inspections the dealer talks about don't mean anything. Do you think that they take apart the crank shaft and check the main bearings for wear? It's ridiculous. Only with a new car do you know what you are paying for unless you know the person you buy the used car from. I completely disagree with the wisdom of buying a used car. Even my mechanic, who knew it would cost him business, suggested a new one. Even if a car is only 2 years old, you have no way of knowing if the oil has ever been changed and the muli point inspections the dealer talks about don’t mean anything. Do you think that they take apart the crank shaft and check the main bearings for wear? It’s ridiculous. Only with a new car do you know what you are paying for unless you know the person you buy the used car from.

]]> By: CharlesT http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-105870 CharlesT Tue, 15 Mar 2011 01:24:24 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-105870 In my sales job, I drive about 40,000 to 50,000 miles per year, so even if I buy a new car, it's still shot in four to five years. Buying new for me would be foolish at the rate that I wear out vehicles. I haven't bought a brand new car in 25 years, and doubt I will anytime soon. In my sales job, I drive about 40,000 to 50,000 miles per year, so even if I buy a new car, it’s still shot in four to five years.
Buying new for me would be foolish at the rate that I wear out vehicles.
I haven’t bought a brand new car in 25 years, and doubt I will anytime soon.

]]> By: Creating a balance sheet (Part 3) http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-62587 Creating a balance sheet (Part 3) Wed, 25 Aug 2010 15:41:47 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-62587 [...] your house, cars, retirement accounts, stocks, savings accounts, checking accounts, emergency fund, jewelry, and [...] [...] your house, cars, retirement accounts, stocks, savings accounts, checking accounts, emergency fund, jewelry, and [...]

]]> By: 16 Best Ways To Save Money by NOT being Normal http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-57196 16 Best Ways To Save Money by NOT being Normal Wed, 04 Aug 2010 15:06:55 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-57196 [...] can save a lot of money on car depreciation by purchasing a car 2 years old or older. Some cars can lose as much as 35% in value during the [...] [...] can save a lot of money on car depreciation by purchasing a car 2 years old or older. Some cars can lose as much as 35% in value during the [...]

]]> By: Is Buying a New Car For Zero Percent Interest Loan a Good Idea? http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-24898 Is Buying a New Car For Zero Percent Interest Loan a Good Idea? Mon, 15 Mar 2010 08:43:24 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-24898 [...] think you get the point. That zero percent loan is costing you between $500 and $1,000 a month in depreciation costs for the first year [...] [...] think you get the point. That zero percent loan is costing you between $500 and $1,000 a month in depreciation costs for the first year [...]

]]> By: biometric http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-18594 biometric Fri, 11 Dec 2009 04:49:33 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-18594 This is great advice. New cars look nice, but are not worth the loss you will face immediately after purchasing the car. I've always aimed for 2 to 3 year old cars with low miles. Much better deal. This is great advice. New cars look nice, but are not worth the loss you will face immediately after purchasing the car. I’ve always aimed for 2 to 3 year old cars with low miles. Much better deal.

]]> By: Should you buy a used car or new car? http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-9902 Should you buy a used car or new car? Tue, 17 Feb 2009 16:05:17 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-9902 [...] I started this site I have written a bit about how you can save money by buying used cars and how they affect your financial freedom. But this video (I think from Dave Ramsey’s [...] [...] I started this site I have written a bit about how you can save money by buying used cars and how they affect your financial freedom. But this video (I think from Dave Ramsey’s [...]

]]> By: MrCrumbles http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-8366 MrCrumbles Tue, 09 Dec 2008 22:27:21 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-8366 Extraneous options can also increase depreciation value. People are willing to pay more money for a used car with desirable options like a moonroof, heated seats, awd, etc. But if you paid extra for a custom color, interior wood trim, or Recaro racing seats, few people will value those things more so they'll want to pay the same price as the base car. My car is a wagon (Mazda3 hatchback) which I guess people don't like. Personally I think it's much sharper-looking than its sedan counterpart, but that's me. I'm hoping that with everyone selling their SUV's and downsizing that people will start to warm up to them. I mean come on, why wouldn't you want triple the storage space in back? Extraneous options can also increase depreciation value. People are willing to pay more money for a used car with desirable options like a moonroof, heated seats, awd, etc. But if you paid extra for a custom color, interior wood trim, or Recaro racing seats, few people will value those things more so they’ll want to pay the same price as the base car.

My car is a wagon (Mazda3 hatchback) which I guess people don’t like. Personally I think it’s much sharper-looking than its sedan counterpart, but that’s me. I’m hoping that with everyone selling their SUV’s and downsizing that people will start to warm up to them. I mean come on, why wouldn’t you want triple the storage space in back?

]]> By: Happy October! http://christianpf.com/save-money-on-car-depreciation/comment-page-1/#comment-6849 Happy October! Wed, 01 Oct 2008 17:29:20 +0000 http://christianpf.com/save-money-on-car-depreciation/#comment-6849 [...] Save money on car depreciation [...] [...] Save money on car depreciation [...]

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