Comments on: From Car Payment To Clunker To Upgrade http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/ Pay Off Debt...And Get Inspiration Daily! Thu, 11 Mar 2010 04:07:11 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Meet Brad Chaffee from Enemy of Debt | Out of Debt Again http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-4718 Meet Brad Chaffee from Enemy of Debt | Out of Debt Again Sun, 21 Feb 2010 02:30:06 +0000 http://www.enemyofdebt.com/?p=1010#comment-4718 [...] prefer buying used vehicles that have already taken the plunge in depreciation. I will never buy another new car again, and [...] [...] prefer buying used vehicles that have already taken the plunge in depreciation. I will never buy another new car again, and [...]

]]> By: 12 Personal Finance Bloggers Answer – New or Used Car? http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-4686 12 Personal Finance Bloggers Answer – New or Used Car? Thu, 18 Feb 2010 16:35:53 +0000 http://www.enemyofdebt.com/?p=1010#comment-4686 [...] $2,500 on 3 different cars. The first, (I re-sold for $300) I drove for more than a year before I upgraded. The upgrade cost me $500 and if you add that to any maintenance I paid during that time, I would [...] [...] $2,500 on 3 different cars. The first, (I re-sold for $300) I drove for more than a year before I upgraded. The upgrade cost me $500 and if you add that to any maintenance I paid during that time, I would [...]

]]> By: Financial Samurai http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-2460 Financial Samurai Mon, 14 Sep 2009 01:38:36 +0000 http://www.enemyofdebt.com/?p=1010#comment-2460 Well done! If you don't have CASH to pay for your car, don't bother! If you don't make at least 10X the purchase price of the car, don't bother! Well done! If you don’t have CASH to pay for your car, don’t bother! If you don’t make at least 10X the purchase price of the car, don’t bother!

]]> By: Kelsalynn http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-2364 Kelsalynn Thu, 27 Aug 2009 03:44:25 +0000 http://www.enemyofdebt.com/?p=1010#comment-2364 My car in college was a 1999 Saturn that looked IDENTICAL to yours... same color, everything. Of course, I graduated from college and that wasn't good enough so I got a nice, pretty car payment until I wised up! Plus, mine never had such a nifty license plate so you win. : ) My car in college was a 1999 Saturn that looked IDENTICAL to yours… same color, everything. Of course, I graduated from college and that wasn’t good enough so I got a nice, pretty car payment until I wised up! Plus, mine never had such a nifty license plate so you win.
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]]> By: Ashley http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-2360 Ashley Wed, 26 Aug 2009 18:17:12 +0000 http://www.enemyofdebt.com/?p=1010#comment-2360 Good for you Brad on getting rid of the "keeping up" mentality when it came to your vehicle. I'm always amazed at the ridiculous car notes and payment plans some people agree to in order to drive a flashy ride. I bought a used higher end car for a very good price from a private dealer. I have no desire to ever have a new car and after I get my current one paid off (7 months to go) will continue to save those monthly payments until I can afford to buy a new car I like with cash! Good for you Brad on getting rid of the “keeping up” mentality when it came to your vehicle. I’m always amazed at the ridiculous car notes and payment plans some people agree to in order to drive a flashy ride. I bought a used higher end car for a very good price from a private dealer. I have no desire to ever have a new car and after I get my current one paid off (7 months to go) will continue to save those monthly payments until I can afford to buy a new car I like with cash!

]]> By: Money Funk http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-2332 Money Funk Mon, 24 Aug 2009 21:50:19 +0000 http://www.enemyofdebt.com/?p=1010#comment-2332 See (click link), I was contemplating getting rid <a>of the upside down car loan</a>. Too bad my only option at this time is to suffer through that lesson learned and continue to pay out lots of money. Oh, it looks like its $5K over market. Ouch! $400 down the drain on continuous depreciated value. I believe I have 2 or 2 1/2 years left to pay on the sucker. See, not only would I have to snowball the Upside down part, but I have to have the savings to buy a used car, too. So, kind of in a painful bind. :/ See (click link), I was contemplating getting rid of the upside down car loan. Too bad my only option at this time is to suffer through that lesson learned and continue to pay out lots of money.

Oh, it looks like its $5K over market. Ouch! $400 down the drain on continuous depreciated value. I believe I have 2 or 2 1/2 years left to pay on the sucker. See, not only would I have to snowball the Upside down part, but I have to have the savings to buy a used car, too. So, kind of in a painful bind. :/

]]> By: Brad Chaffee http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-2329 Brad Chaffee Mon, 24 Aug 2009 20:05:31 +0000 http://www.enemyofdebt.com/?p=1010#comment-2329 Chad - That's right...$200! Pretty awesome huh? Thanks for the congratulations, we are excited about our new arrival come October! Money Funk - So far I am totally happy with the Saturn! It's clean, drives smooth, and doesn't have a payment. lol I am not surprised that you are upside down $3,000 but the good thing is that you learn your lesson. Buying a used, experienced car saves you lots of money. How much until you pay off the car payment? Chad – That’s right…$200! Pretty awesome huh? Thanks for the congratulations, we are excited about our new arrival come October!

Money Funk – So far I am totally happy with the Saturn! It’s clean, drives smooth, and doesn’t have a payment. lol I am not surprised that you are upside down $3,000 but the good thing is that you learn your lesson. Buying a used, experienced car saves you lots of money. How much until you pay off the car payment?

]]> By: Money Funk http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-2328 Money Funk Mon, 24 Aug 2009 19:26:20 +0000 http://www.enemyofdebt.com/?p=1010#comment-2328 Congats on your new clunker for family. I loved my Saturn (stupid me got rid of it for a payment car). Which I am $3K of an upside down loan. I figured I have to keep the car until its last payment. If any one can think of another way I would love to hear it! Congats on your new clunker for family. I loved my Saturn (stupid me got rid of it for a payment car). Which I am $3K of an upside down loan. I figured I have to keep the car until its last payment. If any one can think of another way I would love to hear it!

]]> By: Chad http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/#comment-2327 Chad Mon, 24 Aug 2009 19:15:46 +0000 http://www.enemyofdebt.com/?p=1010#comment-2327 Very nice upgrade! So what will this cost you after the sale of the CRX? It looks like $200! That is quite a deal. Enjoy the new ride and congrats on the coming addition to the family. Very nice upgrade! So what will this cost you after the sale of the CRX? It looks like $200! That is quite a deal. Enjoy the new ride and congrats on the coming addition to the family.

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