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Normal Car Buying Habits Cost A Million Dollars Over Life?

Feb 21, 2020 11:16AM PST

This article claims that by buying old beaters instead of (honestly pretty modest by normal standards) new-ish cars, you can save a MILLION dollars over your lifetime. I thought it made a pretty compelling case, but wondering what others think...

https://www.****.com/money/average-cars-are-money-incinerators/

Too good to be true?

Moderator Note: URL disabled so this is not spam or SEO. Good question here.

Post was last edited on February 21, 2020 11:36 AM PST

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Comments
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It's a well known way that could save you a lot.
Feb 21, 2020 1:04PM PST

While I'm no fan of beaters I think you should look at the 2 to 3 year old market where models come in off lease. I won't expand on this beyond my last deal.

I picked up a then 2 year old Nissan that listed for 36K USD for 12K USD. It had 30K miles (USA) and a full year left on the Nissan warranty. It wasn't beat up or a "beater." It just wasn't new. What was it? A 2014 Nissan Leaf SV. It's been a gas. Cool

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Mod Link Removal
Feb 22, 2020 2:36PM PST

I get the idea of removing clickable links, but it's kind of frustrating that the mods starred out the URL so nobody can even see the argument I was referring to.

Not sure if this is okay, but the "****" in the URL can be replaced with "****" if you want to see what I was talking about. It was a really interesting idea of investing the difference between your beater and a new car in the stock market and how that affects your bottom line over multiple decades.

Moderator Note: Working around moderator site removals can result in an outright deletion. SIte, Blog or other promotion isn't allowed here. The discussion is a good one but you may not reference your blog.

Post was last edited on February 22, 2020 4:41 PM PST

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"tripofalifestyle".
Feb 22, 2020 3:14PM PST

It seem this is your blog. As such, your newer post is liable to a delete.
Dafydd.

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Need to be used cars
Mar 7, 2020 7:48AM PST

you are right.

Post was last edited on March 7, 2020 7:49 AM PST

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