Re: are you on the car payment merry-go-round?
I think buying new cars is the biggest waste of money there is. Would you invest in a stock that lost 20% of its value as soon as you bought it?
I buy used hondas. They rule. I have a 94 honda accord that has about 150k on it. Ive had it for 6 years and it's been payed off for a long time now... I also have a little 1982 honda motorcycle that i bought for 900 bucks- gets me most places i need to go...
I always heard - "Drive the crappiest car you can get away with, and get the nicest home you can afford"
|