Car Buying - One Cent At A Time

Make a new Car Affordable

May 13, 2019 2 Comments

Earlier we used to drive a BMW when I traded that in for a Hinda CRV, it depreciated by as much as 70%. If I consider the maintenance cost we incurred in all 4 years of owning it, that BMW cost us a fortune. I vowed to never ever buy a German car while living in the USA.

Here’s a reality that makes perfect sense when you think about it; even though most people avoid actually doing so. There’s a whole lot more to having a new car than just buying it. Getting the car, as much work as that can be — if you take your time and pick the right car at the right price — is just the beginning.

Should you keep your old car or buy a new automobile? (Part 2 of 2)

May 4, 2014 2 Comments

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So, this is the second part of the case study. Hope you enjoyed part I. Let me start with a picture of my 10 years old Hyundai which I eventually had to sell to scrap buyer. Let the study continue here.

How much does it cost to own a $45,000 mid-range luxury sedan over fifteen years? The three tables below summarize the average annual cost of owning a $45,000 mid-sized sedan over three consecutive five year periods. Purchase taxes, fees, and other acquisition expenses are assumed to be an additional $5,000 for a total acquisition cost of $50,000. Representative examples of these cars would be from the mid-range of models made by luxury car manufacturers, such as Audi, BMW, Lexus, and Mercedes.

Ten Money-Wasting Blunders to Avoid when Buying a Car

March 28, 2014 7 Comments

Buyer’s remorse is unfortunately one of those sinking feelings that most of us have had at one time or another. The worst case I’ve experienced was when I purchased a Chinese water dragon from a pet shop at the age of 13 on a whim. It was when I got home that I came to the realization that I was not only expected to feed it live crickets and mice, but that it would someday grow to be three feet long. That was some serious buyer’s remorse!

This doesn’t hold a candle to the types of mistakes we can make as adults, however, particularly with big-ticket items like properties and cars. If you’re in the market for a new vehicle, you’ll want to avoid the following common mistakes which could lead to you driving away with a bum deal.

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