Comments on: Buying a car? Watch out for rips http://funny-about-money.com/2009/06/02/buying-a-car-watch-out-for-rips/ Simple Living = Frugality = Peace of Mind: Personal Finance and Stress Control Sat, 11 Feb 2012 01:44:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: funny http://funny-about-money.com/2009/06/02/buying-a-car-watch-out-for-rips/comment-page-1/#comment-6812 funny Wed, 03 Jun 2009 17:28:55 +0000 http://funny-about-money.com/?p=6191#comment-6812 @ Revanche: M'hijito's father still pays the insurance on his clunker--it's probably pretty minimal, because the kid has a 24-karat driving record and the car is worth nothing. But my son said he would not be able to afford the car at all without that help from his dad. It's leaking oil badly, and he needs a new car. If I weren't about to lose my job, I'd buy myself a smaller vehicle and give him the aging Sienna, which (according to the Mechanic Extraordinaire) has another 75,000 miles of life in it. He says vans are unmanly, though, and so I guess he wouldn't want to drive it. Besides...I can't afford to buy another car now. Late-model used cars with decent reliability cost upwards of 17 grand, which now is going to have to be used to support me. {sigh} If my car runs another five years, I might be able to put enough in savings to buy something then. I figure to pay what a second-hand car will cost in five years, (probably around 20 grand), I'll need to put $333 a month aside, starting right now. Exactly where that's gunna come from remains to be seen! And then we do have the problem that a newer car costs a LOT more in taxes, registration, and insurance...possibly more than I will be able to afford on the penurious retirement income. @ Revanche: M’hijito’s father still pays the insurance on his clunker–it’s probably pretty minimal, because the kid has a 24-karat driving record and the car is worth nothing. But my son said he would not be able to afford the car at all without that help from his dad.

It’s leaking oil badly, and he needs a new car. If I weren’t about to lose my job, I’d buy myself a smaller vehicle and give him the aging Sienna, which (according to the Mechanic Extraordinaire) has another 75,000 miles of life in it. He says vans are unmanly, though, and so I guess he wouldn’t want to drive it. Besides…I can’t afford to buy another car now. Late-model used cars with decent reliability cost upwards of 17 grand, which now is going to have to be used to support me. {sigh}

If my car runs another five years, I might be able to put enough in savings to buy something then. I figure to pay what a second-hand car will cost in five years, (probably around 20 grand), I’ll need to put $333 a month aside, starting right now. Exactly where that’s gunna come from remains to be seen! And then we do have the problem that a newer car costs a LOT more in taxes, registration, and insurance…possibly more than I will be able to afford on the penurious retirement income.

]]> By: Revanche http://funny-about-money.com/2009/06/02/buying-a-car-watch-out-for-rips/comment-page-1/#comment-6734 Revanche Tue, 02 Jun 2009 23:15:54 +0000 http://funny-about-money.com/?p=6191#comment-6734 My young cousin just convinced his family to purchase a new car for him recently and I have to wonder if they should follow up on the payment of the taxes, title and registration. At least he DID buy Japanese so we know it's relatively reliable. And perhaps one of these days, I'll be able to talk some financial sense into him. My young cousin just convinced his family to purchase a new car for him recently and I have to wonder if they should follow up on the payment of the taxes, title and registration.

At least he DID buy Japanese so we know it’s relatively reliable. And perhaps one of these days, I’ll be able to talk some financial sense into him.

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