Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Media
New media
New comments
Search media
Members
Registered members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Welcome to SportTrac.Org
Off Topic Discussion
looking at getting a little car
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support Ford SportTrac Forum:
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Richard L" data-source="post: 610976" data-attributes="member: 52972"><p>bpoche,</p><p></p><p>I'm not sure why you think the only difference is the interest you will earn on the money? If you spend $8000 on a used economy vehicle, you just threw that $8K into a depreciating asset, and you are not earning any interest, you are actually loosing because of the depreciation of the vehicle as well as the additional cost of insurance, and the usual maintenance issues required to keep the used economy car on the road. (Tires, Oil changes, Brakes, and other minor repairs)</p><p></p><p></p><p></p><p>It has been proven over and over again, that you cannot reduce your overall expenses by purchasing an economy car to save on gas, unless you need a second car. If you drive a gas guzzler, you may be able to save money in the long run if you get rid of the gas guzzler and purchase a more economical vehilce. Otherwise your expenditure for purchasing and maintaining a second vehicle will never be offset by less frequent trips to the gas station.</p><p></p><p></p><p></p><p>...Rich</p></blockquote><p></p>
[QUOTE="Richard L, post: 610976, member: 52972"] bpoche, I'm not sure why you think the only difference is the interest you will earn on the money? If you spend $8000 on a used economy vehicle, you just threw that $8K into a depreciating asset, and you are not earning any interest, you are actually loosing because of the depreciation of the vehicle as well as the additional cost of insurance, and the usual maintenance issues required to keep the used economy car on the road. (Tires, Oil changes, Brakes, and other minor repairs) It has been proven over and over again, that you cannot reduce your overall expenses by purchasing an economy car to save on gas, unless you need a second car. If you drive a gas guzzler, you may be able to save money in the long run if you get rid of the gas guzzler and purchase a more economical vehilce. Otherwise your expenditure for purchasing and maintaining a second vehicle will never be offset by less frequent trips to the gas station. ...Rich [/QUOTE]
Insert quotes…
Verification
Post reply
Welcome to SportTrac.Org
Off Topic Discussion
looking at getting a little car
Top