Quote:
Originally Posted by Gelbster
"They are all $20K cars" -someone here said. All this talk of purchase(buy-in) price ignores the Stay-in cost. We've hashed this out many times but basically you need $20k before you buy.Whatever isn;t taken by the Purchase cost needs to be saved and budgeted for repairs.I am not talking about routine maintenance - repairs. If you have a nest egg left over after a few years - that is a bonus !
The short version is to buy a very well maintained car with a long, known history - just to reduce(but not eliminate) risk.
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Hahaha!
That's hilarious! How do do so many of us get by with half of that?
5 years in, my total is under $12k.
Do your homework and don't splurge buy and you won't be stuck with a $20k bill on a $10k car.
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