Comments on: Should you buy a used car or new car? http://www.christianpf.com/buying-used-car-over-new-car/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 05:30:02 -0600 hourly 1 By: DelCid http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-11889 DelCid Tue, 21 Apr 2009 15:30:47 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-11889 Depreciation should always be factored into the equation. Consumers planning to keep a car for fewer than five years will likely get a better value buying a used car from a recent model year, which already has that initial depreciation built into the price. But if you plan on hanging onto the car for at least five years, it’s alright to go for that temptingly priced new car. The price of a car that’s more than five model years old is largely determined by its condition, rather than the initial selling price. Depreciation should always be factored into the equation. Consumers planning to keep a car for fewer than five years will likely get a better value buying a used car from a recent model year, which already has that initial depreciation built into the price. But if you plan on hanging onto the car for at least five years, it’s alright to go for that temptingly priced new car. The price of a car that’s more than five model years old is largely determined by its condition, rather than the initial selling price.

]]> By: * Weekly Highlights: February 22, 2009 http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-11387 * Weekly Highlights: February 22, 2009 Wed, 08 Apr 2009 02:04:44 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-11387 [...] I found this great video at Christian Personal Finance created Dave Ramsey’s Financial Peace University take a look:Have a great Sunday! Related [...] [...] I found this great video at Christian Personal Finance created Dave Ramsey’s Financial Peace University take a look:Have a great Sunday! Related [...]

]]> By: PINGPING http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-10452 PINGPING Mon, 09 Mar 2009 03:43:49 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-10452 What about the higher maintenance costs with a used car? What if you have the $$$ for cash purchase for a new car vs used car? BTW your "FREE CAR" is costing you north of $600 a month What about the higher maintenance costs with a used car?

What if you have the $$$ for cash purchase for a new car vs used car?

BTW your “FREE CAR” is costing you north of $600 a month

]]> By: Rich Life Carnival #33 | Rich Life Equals Better Life http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-10029 Rich Life Carnival #33 | Rich Life Equals Better Life Mon, 23 Feb 2009 06:16:29 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-10029 [...] presents Should you buy a used car or new car? posted at Money in the Bible | Christian Personal Finance Blog, saying, “This video presents [...] [...] presents Should you buy a used car or new car? posted at Money in the Bible | Christian Personal Finance Blog, saying, “This video presents [...]

]]> By: Free Cars Video From Dave Ramsey’s Financial Peace University | Greatnexus http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-10016 Free Cars Video From Dave Ramsey’s Financial Peace University | Greatnexus Sun, 22 Feb 2009 18:53:21 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-10016 [...] you buy a used car or new car? Here’s a great I found via Christian Personal Finance created Dave Ramsey’s Financial Peace University take a [...] [...] you buy a used car or new car? Here’s a great I found via Christian Personal Finance created Dave Ramsey’s Financial Peace University take a [...]

]]> By: Pinyo http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-10009 Pinyo Sun, 22 Feb 2009 16:02:09 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-10009 Aside from some minor points, I think it's an excellent video. Nice find! Aside from some minor points, I think it’s an excellent video. Nice find!

]]> By: Sales Tax Deductions For New Car Buyers in 2009 Obama Economic Stimulus Package | Bible Money Matters http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-9977 Sales Tax Deductions For New Car Buyers in 2009 Obama Economic Stimulus Package | Bible Money Matters Sat, 21 Feb 2009 13:15:47 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-9977 [...] me excited about buying a new car. For me, buying a 2-3 year old used car and paying cash is still the only way to go! As soon as a new car gets driven off the lot, it loses a huge chunk of it’s value. When [...] [...] me excited about buying a new car. For me, buying a 2-3 year old used car and paying cash is still the only way to go! As soon as a new car gets driven off the lot, it loses a huge chunk of it’s value. When [...]

]]> By: Scott @ The Passive Dad http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-9944 Scott @ The Passive Dad Fri, 20 Feb 2009 05:51:44 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-9944 I enjoy buying solid used cars too, but the hardest part is paying yourself first and not spending it on something else. Even if the stock market returned only 5% a year, it still would outpace the value of the vehicle. They need to start making cars out of precious metal so they increase in value. I enjoy buying solid used cars too, but the hardest part is paying yourself first and not spending it on something else. Even if the stock market returned only 5% a year, it still would outpace the value of the vehicle. They need to start making cars out of precious metal so they increase in value.

]]> By: Redonno http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-9943 Redonno Fri, 20 Feb 2009 04:11:07 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-9943 This is a great video! This is a great video!

]]> By: Wolfe http://www.christianpf.com/buying-used-car-over-new-car/comment-page-1/#comment-9933 Wolfe Thu, 19 Feb 2009 15:13:55 +0000 http://www.christianpf.com/buying-used-car-over-new-car/#comment-9933 I do like your strategy of buying cars...and I hope I can convince my kids to buy used. But the 12% is more than "difficult to get"... I'd say "impossible". ..I'd like to see the stock market average for the past three years.... I'd be willing to bet it is pretty close to zero growth, or worse. :) I do like your strategy of buying cars…and I hope I can convince my kids to buy used. But the 12% is more than “difficult to get”… I’d say “impossible”. ..I’d like to see the stock market average for the past three years…. I’d be willing to bet it is pretty close to zero growth, or worse.

:)

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