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Old Faithful Car vs New Car
By chris | September 2, 2010
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That’s a question several Americans find themselves asking every day.
To put it quite simple, “CAR PAYMENTS SUCK!!” as do any monthly reoccurring bills. The difference is you can decide your own fate when it comes to a car payment.
If your fortunate enough to own a car right now, consider yourself blessed. No car payment for you, right? Depending on how old your car is, you will come to a cross roads where you will find yourself asking, is this thing really worth fixing? My answer is always going to be YES, at least till I reach the 250,000mile marker. I’m currently at 175,000 miles and I’ve made it a personal goal of mine to see it that far.
By that time I’ll easily have money saved up to pay cash for my next vehicle. I personally will probably try to go for 300,000 miles once I make it to 250,000 miles. Then purchase a used car about 5 years old with about 100,000 miles on it. What’s your thoughts? Do you hate your car payments and wish you could get out of them? Trade in for something you can pay cash for or pay off in 2 years not 5-6! Will you fall into the new car temptation? Are car payments something you can live with out?
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