Author Topic: Pretty interesting article- on how a car can erode your wealth if you're not....  (Read 638 times)

0 Members and 1 Guest are viewing this topic.

Offline Aces High

  • Ultimate JTFer
  • *******
  • Posts: 3250
careful.

When ever I get the itch to buy a new car, I just think about how that money would be better put toward the mortgage.  Some of these cars are really fast, and hight tech, so it's super easy to fall into the trap of buying one.  If you have a car that looks good, runs good, with cold air, what the heck, just keep it.  The car companies want you to think it's only natural to take a 5 year loan out, every 5 years, to purchase a new car.  Why erode your wealth, if you don't need to?

http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/


Offline Lewinsky Stinks, Dr. Brennan Rocks

  • Honorable Winged Member
  • Gold Star JTF Member
  • *
  • Posts: 23384
  • Real Kahanist
Good point.

Offline wonga66

  • Master JTFer
  • ******
  • Posts: 1039
"A man who does not own a car does not realise how great is his mazal!" (Rav Avigdor Miller).