How many people would buy $30,000 worth of a particular common stock if they knew for a fact that it would be worth half that in three years and cost them maybe 7% interest to own it? Yet that's what they do when they buy a new car.
I'm driving a '92 Olds 88 that I bought for $1700 cash seven years ago. It gets 28-30 mpg on the open road and about 24 all around, and is a comfortable car for all the windshield time I get. It has 238,000 miles, has actually cost very little in repairs, and I'm looking to replace it with something similar without spending over $3,000. The deals are out there if you take time to find them.
SOMEONE has to buy new vehicles, but until it's more cost effective than my way of doing things, it's not going to be me.
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Today's Featured Article - Talk of the Town: How to Crank Start a Tractor - by Staff. This interestin discussion is from the Tractor Talk Discussion Forum. Remember that safety is your first priority - make sure you know what you are doing before attempting a potentially dangerous activity!
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