Granted not everyone can afford a newer model car or even a sports car. Yet, not having a car just wouldn't do. So being able to buy even a used car will do the trick. In fact if you were someone and you bought a new used car you have that same joy and excitement with your purchase.
A lot of us don't mind living within our means. Then again, some do. For the rest of us. We're royally content with how things are going for us. Because what we're trying to avoid mostly is causing any extra unnecessary burdens upon ourselves. Buying a sports car, muscle car, fancy luxury car might be nice for a little while, and if you're young you might not have the experience to know the price of freedom just yet and so you'll quickly find out just how fun owning such car really is. It doesn't even have to be a fancy car, it can be the latest year model car. A 2017 car will teach us just how over our heads we might be. Because often times the cost isn't what's on the sticker of the car, but what comes after the sale. We're talking about insurance. If you're having a fancy car or a new 2017 fancy luxury car. You can best be sure that you'll be paying a premium insurance price as well as payments. Generally when you're in the market for a cheap used car for sale, your experience isn't saying, "Well it's not about the sticker price but to keep my insurance payments the same." In other words, If you're paying $150/mo in car insurance. The new car you get will either do one of two things. Keep the price the same or lower it. Also, what makes a used car affordable. Can I get the car paid off in 2 years? So you just have to do the math. Keep in mind the price isn't just the sticker if you're doing payments. Eventually the interests rates will kick in. So that $3,000 car is going to cost you $4,000 and is going to take you 3 years to pay it all off. After all we don't want our credit to go badly. Though most people tend to pay extra on the payments to make sure they are done for sure in 2 years. You simply do the math. So, if you're paying for a $3000 well the math is quite simple. Paying it off in 2 years will cost you $125 a month. It's easy to live with that number. Don't for get your interest rates, so a guy instead would pay $150 instead. Then what tends to happen is he will find out the car is paid off sooner and interests rates are satisfied. More importantly his credit rating is phenomenal. Now when the guy drives the car for another 3 years before trading it in for another. The used car dealer is going to look at that credit rating and will want to sell that guy a car quickly. Cause that means if this guy has great credit it means he's faithful in paying his debts and that generally means everyone gets paid and everyone goes home with a smile. Enjoy your freedom.
0 Comments
Leave a Reply. |
AuthorThe first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency. Bill Gates Categories
All
Archives
April 2023
|