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 - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
... [Read Article]
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