Re: Buying cars
I live by the rule that my transportation should not cost over 2% of my net worth. So, if I'm a millionaire, I can go buy a new car.
If I need a vehicle but don't have the liquid assets to pay for it, I'll finance it for a year.
We drive our vehicles into the ground, OR, we'll enter an agreement with someone working overseas for a 1-2 year stint to license, insure, maintain, and fuel their vehicles so we can drive them. No purchase, no taxes for us, no storage or maintenance for them.
This is how my husband paid for a new car: he went to McDonald's with some friends and got one of those scratch-and-win promotion pieces. He scratched, expecting a small Coke(TM) and ended up with a car. He had to pay taxes on it.
Now I'm more concerned about finding a car dealer that doesn't have a mandatory binding arbitration clause than I am about negotiation.
|