Most Popular Issues
Most Commented Issues
Thrifty Tips - If you're thinking about a new vehicle, think again.
0 Comments »
Tuesday, April 19, 2016
Greetings Thrifty Friends,
If you're thinking about buying a new vehicle, maybe you should think again.
The reason I bring it up is because I am in the exact same boat (or truck, for that matter).
My SUV is 12 years old and has over 100,000 miles on it. Last year I spent a LOT of money on repairs, as you tend to have to with an older vehicle, and I have already had another minor repair this year.
So I have been seriously thinking about buying another vehicle.
But like any thrifty and responsible person I got out the calculator and scratch pad first.
Keep pinchin' those pennies,
is back and better than ever! This video portal was created to sort through the online clutter to bring you the best animal clips...funniest videos...most popular...PLUS the most unusual. New videos are added daily!
TODAY'S THRIFTY TIP:
Looking over my receipts from the auto shop I spent about $3,500 on repairs last year. I think that amount of money would make anyone start to think about a new vehicle.
But while my SUV has been paid off for years, when I did still owe on it I was paying $400/month on the note.
$400 per month x 12 months in a year equals $4,800.
So simply by repairing my SUV versus buying a new vehicle of similar value I have saved $1,300. And that is not even counting the interest I would be paying on a car loan.
The other benefit of keeping it in good repair is that when I do get around to selling it, it will be worth much more than if I had to trade in a vehicle that doesn't run.
Login to Add Comment
There are currently no comments, be the first to Add one below!
Copywrite © 2017 Penn LLC