Posts tagged as:

Cars

How I used a 3rd car to prevent financial catastrophe

10.19.2009

As some of you all know my car had to be put to sleep a few months ago. I am not really sure why I am just writing about it now – maybe because the grieving period lasted this long?
But anyway, it’s passing marked a significant point in my financial life: It was [...]

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How to get the best price on a rental car

10.14.2009

My sister’s destination wedding is taking place in a few weeks and until last night we still hadn’t nailed down which car rental company we were going to use. But at about 10:30 pm last night we pulled the trigger and finalized our rental car plans.
I should also mention that while I know there is [...]

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Cash for Clunker’s Results: U.S. cars traded for Asian cars

08.25.2009

Consumer Reports just published the most popular Cash for Clunkers cars during the program. In the article they listed the top 10 Clunkers trade-ins:

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When should you replace your old car?

08.18.2009

The difficulty with owning an old car is that it usually takes a lot of TLC and regular repairs… more and more people are ditching their beaters for new cars.

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Cash for clunkers has gone away!

07.31.2009

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Cash for your clunker stimulus bill

06.21.2009

The House just passed the Cash for Clunkers stimulus bill. Here are some of the details that we can expect to see in it when the president signs it…

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How do you pay off a car?

06.15.2009

It really is possible to pay off your cars – and it puts you at a huge financial advantage!! These are the steps we took to pay off our cars…

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Money Mistake #1 – Paying too much for a car

03.17.2009

It is obvious that overpaying for something isn’t a good idea, but with cars it is especially a bad idea. The reason is that cars are depreciating assets, so if you take a loan out for your purchase, you immediately enter into a race to pay the car loan down faster than the value drops. In my case with the convertible, I did a lot of things that ensured I was going to lose this race…

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Should you buy a used car or new car?

02.17.2009

It is one of those things that I think most people realize buying a used car is a better idea for their finances, but don’t understand the scope of it. Dave Ramsey’s critics often belittle his math on his “drive for free” method, but even if the numbers are a little generous, the same principle still applies – owning a depreciating asset is a bad move, but paying interest on a depreciating asset is a really bad move! Since I started this site I have written a bit about how you can save money by buying used cars and how they affect your financial freedom .

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Is it your job to prevent the Big 3 from going under?

12.17.2008

As my radio alarm clock was playing this morning I heard a Chevy commercial with the dealership owner all basically begging people to buy American cars. I have a few thoughts about the Big 3 bailout issue. I don’t claim to know all the details of exactly what’s going on with the whole thing, so please feel free to share your insight in the comments below.

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Converting my car to a water powered hybrid (part 2)

11.19.2008

Welcome to the second episode of me trying to convert my car to run on water. I know it has been a long time since the first episode, but we have encountered some obstacles, the biggest one being that my team-mate and I don’t have as much time to work on the project as we would like. So rather than knocking it out in a few weeks, like so people do, we spend a few hours every month or so. But hey, I got patience, I can wait. And now that gas prices are so much lower, I am in no rush at all.

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How cars affect your financial freedom

11.04.2008

I had a revelation about cars that has caused me to not really care what mine looks like. It’s not that I don’t want a really fast car, it is just that there is something I want a bit more: financial freedom.

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Drive slow = Save gas

10.21.2008

Does driving slower really save gas? If you have read or heard of any gas saving tips at all, I am sure you heard that you save fuel by driving slower. A couple of weeks ago when we left for our vacation, I decide to test it out, just to see what the results really were. I really didn’t really do much in the way of hypermiling other than occasionally hanging behind a big rig when he matched my speed. I just drove the first 350 miles at 65mph rather than the 75-80mph that would have been more likely on our way to vacation.

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Honda and Porsche: Best initial quality

10.18.2008

Which cars have the best initial quality? Personally, I was happy to see that the Fit was mentioned. If you recall we have been debating selling our 2 year old Fit, because we could probably get what we paid for it. I think part of the reason the demand is so high on these cars is the great reviews they have gotten. The great gas mileage probably factors into it a bit as well.

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