<VV> re Reflections on newer cars

[Tony Underwood]

At 04:04 PM 12/26/2010, RWhitt1245 at aol.com wrote:
>I subscribe to the philosophy of talk radio financial guru Dave Ramsey. If

Smart guy.  Dave speaks, I listen.

>you have to finance a car (an item that goes down in value) you cant afford
>it  even if you CAN make the payments.

Never financed a car, ever, and very likely never will.

>He also says that if you dont have a
>net  worth of an least one million dollars you should not buy a new car
>period, only  used ones.

If I had Big Bucks I'd STILL only buy used cars because nobody makes 
anything I actually LIKE today.  I'd shop Ebay or Hemmings or the 
like to find something I'd enjoy driving.   That, and to avoid the 
assault upon my sensibilities for buying something with wheels that 
requires the average Joe to need to FINANCE such a car for SIX YEARS??

>He also says that you should not have more than 15% of
>your yearly  income in cars and recreational vehicles. Im glad I heeded his
>message about no  debt eight years ago.


This is also why I have NO debt outside my mortgage and in a couple 
years THAT will be done and I'll be debt free.


>I would have been screwed with this
>economy as the  manufacturing plant I worked for  that was open for 50 years
>closed 2 years  ago. As to the fair tax it will NEVER happen.

Unfortunately this is true...

>To many
>people making money on the  system we have now.


...and each and every one of them is sitting in Congress.

Maybe if they get a good scare in 2012... kinda like the one they just got...


>Glad Iknow enough to keep my old
>cars running, even my  Corvair
>
>Ron


Me too...


tony..