Comments on Single Guy Money: Don't Buy the New Car!

I'm 37 and never owned a car. Thankfully, livi...

2010-06-21T08:25:36.213-04:00

I'm 37 and never owned a car. Thankfully, living in a major city with extensive public transportation and expensive parking made that an easy choice. However at some point I'll be moving to the burbs and will need to get a car. I'm saving up to by a hybrid to save on gas. What I've found out is that at this point in time, buying a used hybrid costs almost as much as a new one

I think buying the car is fine as long as you pay ...

2010-06-17T10:23:27.964-04:00

I think buying the car is fine as long as you pay cash for it. We bought a late model Volvo wagon and paid cash for it and we were thrilled. The insurance is lower because it's not "new" and we got a quality car that we needed for our family. Paying in full up front definitely leads to the most savings. I won't do a car loan ever again.

1. 1988 Dodge Shadow, given to me by parents 2. 19...

2010-06-16T11:04:53.600-04:00

1. 1988 Dodge Shadow, given to me by parents
2. 1995 Pontiac Grand Am, used
3. 1998 Ford Explorer, used
4. 2002 Toyota Camry, new
5. 2006 MINI Cooper, new
6. 2008 MINI Cooper, new

Sadly yes, I still have auto loan debt. I have learned the error of my ways and am working hard to pay off my loan now.

In 34 years of driving: 1. Ford Maverick, picked ...

2010-06-16T09:44:16.859-04:00

In 34 years of driving:

1. Ford Maverick, picked out by my mechanic grandfather (bought used)
2. Yellow Renault (given to me by mom)
3. Toyota wagon (bought used)
4. Datsun pick-up (bought used)
5. Honda Accord (bought used)
6. Honda Civic LX (bought new)
7. 99 Honda Civic HX (bought new)

You're right. Cars, with their insurance,

1) 93 Ford Explorer (used) 2) 85 Saab 900 (used) 3...

2010-06-16T09:03:39.568-04:00

1) 93 Ford Explorer (used)
2) 85 Saab 900 (used)
3) 2010 Ford Ranger (new)

I definitely heard what Yana is saying about needing a well running car to get out of poverty. I was sinking so much money into the saab that I couldn't save for a new car. It was awful, and one morning when it wouldnt start, I decided that I just needed to bite the bullet and get a new one.

Using so many cars is unbelievable. Its really put...

2010-06-16T03:35:25.620-04:00

Using so many cars is unbelievable. Its really putting Personal finance to test. With each new car, you put yourself in to more debt. Cars are useful but not that mush. I have been using a car since 4 years now and it still drives comfortable. Maintaining charges are not very high too.

1. 1983 Pontiac 6000 LE 2. 1989 Oldsmobile Eighty-...

2010-06-15T23:16:40.365-04:00

1. 1983 Pontiac 6000 LE
2. 1989 Oldsmobile Eighty-Eight
3. 1996 Jaguar XJ6

I paid $250 for the Pontiac and it wasn't worth that, but it was my first car and it got me where I needed to go (usually). I bought the Olds from my grandmother for $500 and it ran like a dream. I wish I still had it. The Jaguar was an impulse buy - I paid cash, but probably more than I should

1. Volkswagen Squareback '70 used 2. Buick S...

2010-06-15T22:22:41.995-04:00

1. Volkswagen Squareback '70 used
2. Buick Skylark '70 used
3. Ford Torino - can't recall year, used
4. Toyota Camry '92 new
5. Ford Escort 2000 used
6. Subaru Forester '08 new

Having lived in relative poverty for many years, the one thing that was the biggest obstacle was being able to get a car and keep it running. Without a car,