Wednesday, March 15, 2006

Stop throwing money away on cars!

I see it so much, people spending stupid amounts on massive cars that they use as a status symbol. I even recall someone buying an expensive car just because he didn't want his neighbor to have a better car than him.

Well get over yourself, I'm not talking about rich people who can afford to throw money away on 6 different cars but about the people who haven't quite made it yet. Let's face it, we would all love to drive a nice fancy car around, but it just isn't financially viable until you can afford to do it without financing it!

Cars depreciate in value rapidly, they lose £1000 as soon as you take it off the forecourt. Not only this but if you have it on finance then you are also losing money there.

It is just abit of advice to those people who buy these huge cars that cost them hundreds a week on petrol and then only pay the minimum payments on their credit card. It's not about not getting them if you want them, it is about when you get them, be patient and you will be better off for it.

1 Comments:

At 4:09 pm, Blogger Ronymaru. said...

Oh gracias.

 

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