Comments on: How to get a free car http://reclaimsimplicity.com/2009/12/how-to-get-a-free-car/ ...be your own bailout Mon, 09 Apr 2012 21:09:14 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: April http://reclaimsimplicity.com/2009/12/how-to-get-a-free-car/comment-page-1/#comment-2819 April Fri, 01 Jan 2010 00:08:57 +0000 http://reclaimsimplicity.com/?p=1965#comment-2819 We have had a honda cr-v for ten years and have had to replace the radiator, but that's all in ten years! We paid cash. No payments. Reliable. No payments. The best thing about paying cash is the deal is done. There's no payment due anymore. hmm. So, if something happens and you cannot come up with $400 for your car payment, and the chances that something will happen in the next 5 yrs or so are pretty good. If that happens, your stress level goes sky-rocketting. But, on the other hand if your vehicle is yours meaning you own noone... then the stress is minimal. It's very controversial, the common sense stuff, isn't it? But, people around you will begin to notice and like what they see... a friend of my husband called and said he wanted to do what we did... save and pay cash. It was so great to see someone want to do that instead of say we were nuts. :) We have had a honda cr-v for ten years and have had to replace the radiator, but that’s all in ten years! We paid cash. No payments. Reliable. No payments. The best thing about paying cash is the deal is done. There’s no payment due anymore. hmm. So, if something happens and you cannot come up with $400 for your car payment, and the chances that something will happen in the next 5 yrs or so are pretty good. If that happens, your stress level goes sky-rocketting. But, on the other hand if your vehicle is yours meaning you own noone… then the stress is minimal. It’s very controversial, the common sense stuff, isn’t it? But, people around you will begin to notice and like what they see… a friend of my husband called and said he wanted to do what we did… save and pay cash. It was so great to see someone want to do that instead of say we were nuts. :)

]]> By: sandhillsis http://reclaimsimplicity.com/2009/12/how-to-get-a-free-car/comment-page-1/#comment-2762 sandhillsis Wed, 23 Dec 2009 17:18:23 +0000 http://reclaimsimplicity.com/?p=1965#comment-2762 tc909 ~ when I watch the video I understand it to mean two different cars one valued at $1500 and one at $6000 (everyone knows a car's value doesn't jump) Gently used cars are easy to find every car lot has them, however, on a car lot, the price usually isn't nice. Like I said in the post, shop private sales, auctions or small dealers without all the overhead. Remember asking price rarely has anything to do with what you can buy it for with cash. I have to two vehicles sitting in my driveway that we haven't put a dime in and were gently used. (Of course YOUR idea of 'gently used--and resonable mileage' is reletive isn't it?) Dave Ramsey thinks auto warranties are stupid. Again, if put that money to work for you and you'll come out ahead since your new car will loose $100 a week in value. I don't let fear drive my decisions. Like the fear of my car breaking down. In the last 15 years we have spent around $2500 in repairs an average of $167/year ($1500 of that was on a transmission rebuild on our old fishing truck.) The biggest reason I think Dave's way is a great one is...The $400+ you fork out every month is invested at our house (or partly used to pay off the house early saving lots in interest) instead of driven. According to DR the stock market has nearly averaged 12% since its start. About good mutual funds...we just made 20-22% on ours in the last quarter. Yes, we lost money like everyone else when the market was down, but we are almost back where we started now. Go to morningstar and use their fund finder to research funds for yourself. Thanks for reading. Sis tc909 ~ when I watch the video I understand it to mean two different cars one valued at $1500 and one at $6000 (everyone knows a car’s value doesn’t jump) Gently used cars are easy to find every car lot has them, however, on a car lot, the price usually isn’t nice. Like I said in the post, shop private sales, auctions or small dealers without all the overhead. Remember asking price rarely has anything to do with what you can buy it for with cash. I have to two vehicles sitting in my driveway that we haven’t put a dime in and were gently used. (Of course YOUR idea of ‘gently used–and resonable mileage’ is reletive isn’t it?)

Dave Ramsey thinks auto warranties are stupid. Again, if put that money to work for you and you’ll come out ahead since your new car will loose $100 a week in value. I don’t let fear drive my decisions. Like the fear of my car breaking down. In the last 15 years we have spent around $2500 in repairs an average of $167/year ($1500 of that was on a transmission rebuild on our old fishing truck.)

The biggest reason I think Dave’s way is a great one is…The $400+ you fork out every month is invested at our house (or partly used to pay off the house early saving lots in interest) instead of driven.

According to DR the stock market has nearly averaged 12% since its start. About good mutual funds…we just made 20-22% on ours in the last quarter. Yes, we lost money like everyone else when the market was down, but we are almost back where we started now. Go to morningstar and use their fund finder to research funds for yourself.

Thanks for reading.
Sis

]]> By: tc909 http://reclaimsimplicity.com/2009/12/how-to-get-a-free-car/comment-page-1/#comment-2737 tc909 Mon, 21 Dec 2009 15:42:07 +0000 http://reclaimsimplicity.com/?p=1965#comment-2737 How did the value of the car you own suddenly go from $1,500 to $6,000 ? WHERE do you get a "gently used" car for $6,000? Are you talking about one that is 10 - 15 years old? Please GIVE 3 examples of a "gently used" car that does not need repairs, has reasonable mileage, and is $6,000 or less? I bought a new truck this year for the first time, and my payments are less than your example with 0% interest, and it has a LIFETIME warranty. Yes, the value of the truck has gone down, but I never have to worry about repairs. Please explain how your method is better? Either way you are forking out $400+ a month. What is the difference? I'm paying no interest, I can pay extra if I want to, and I have a LIFETIME warranty. You have an older car that will need repairs sooner (which will be additional amount on top of the $474). Finally, please give a real world example of a "good mutual fund that averages 12%"?! Get serious! How did the value of the car you own suddenly go from $1,500 to $6,000 ? WHERE do you get a “gently used” car for $6,000? Are you talking about one that is 10 – 15 years old? Please GIVE 3 examples of a “gently used” car that does not need repairs, has reasonable mileage, and is $6,000 or less?

I bought a new truck this year for the first time, and my payments are less than your example with 0% interest, and it has a LIFETIME warranty. Yes, the value of the truck has gone down, but I never have to worry about repairs.

Please explain how your method is better? Either way you are forking out $400+ a month. What is the difference? I’m paying no interest, I can pay extra if I want to, and I have a LIFETIME warranty. You have an older car that will need repairs sooner (which will be additional amount on top of the $474).

Finally, please give a real world example of a “good mutual fund that averages 12%”?! Get serious!

]]> By: sandhillsis http://reclaimsimplicity.com/2009/12/how-to-get-a-free-car/comment-page-1/#comment-2672 sandhillsis Thu, 17 Dec 2009 04:19:35 +0000 http://reclaimsimplicity.com/?p=1965#comment-2672 Yay for you...your cars paid off! About your credit cards...it was life changing for us to cut them up and cancel them and go to all cash. In fact the first month I felt a little queezy about doing all cash. Isn't that weird? Other than that, it sound like you understand all the issues, it's the behavior mod. that is tripping you up. And derned if that aint the hardest part to change. :) Holy cow about the swim meets! Scholarships, oplympic gold medals, wheaties contract, speedo contract...yeah, and a don't forget Mom and Dad when you go large, kids! Always great to see you, my friend. Sis Yay for you…your cars paid off!

About your credit cards…it was life changing for us to cut them up and cancel them and go to all cash. In fact the first month I felt a little queezy about doing all cash. Isn’t that weird? Other than that, it sound like you understand all the issues, it’s the behavior mod. that is tripping you up. And derned if that aint the hardest part to change. :)

Holy cow about the swim meets! Scholarships, oplympic gold medals, wheaties contract, speedo contract…yeah, and a don’t forget Mom and Dad when you go large, kids!

Always great to see you, my friend.
Sis

]]> By: Scout's Honor http://reclaimsimplicity.com/2009/12/how-to-get-a-free-car/comment-page-1/#comment-2661 Scout's Honor Wed, 16 Dec 2009 16:58:12 +0000 http://reclaimsimplicity.com/?p=1965#comment-2661 Wow! Cool video and thoughts. So we have our cars paid off and are trying to get every last inch out of it. Our problem is the credit cards. Sigh. Advice? I hear you on the eating out. It's very clearly what got us in this mess in the first place with our busy, way over-scheduled lives. Well that and my husband's mba tuition and the want to have it now mentality. Luckily, he has only one quarter left. Whoop!! Now did I mention we pay more than a carp payment in swim team practice and meets? Gah! $500-600 a month and sometimes as high as $800. These kids better get swimming scholarships, I tell you. :) ~Scout Wow! Cool video and thoughts. So we have our cars paid off and are trying to get every last inch out of it. Our problem is the credit cards. Sigh. Advice?

I hear you on the eating out. It’s very clearly what got us in this mess in the first place with our busy, way over-scheduled lives. Well that and my husband’s mba tuition and the want to have it now mentality. Luckily, he has only one quarter left. Whoop!!

Now did I mention we pay more than a carp payment in swim team practice and meets? Gah! $500-600 a month and sometimes as high as $800. These kids better get swimming scholarships, I tell you. :)

~Scout

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