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cinco wrote:what else will trinis spend their savings on btw?
a new house in any "decent" area is upwards of 500k
Dizzy28 wrote:cinco wrote:what else will trinis spend their savings on btw?
a new house in any "decent" area is upwards of 500k
Let MG Man hear you!!!!
Sky wrote:Did that graph say that after 7 years, a car bought for $200k will be worth $50k?
cinco wrote:what else will trinis spend their savings on btw?
a new house in any "decent" area is upwards of 500k
AllTrac wrote:buying a used car is always a gamble and more than likely you always come out losing. Its either you buying someone else pride and joy or you buying someone else headache, 90% of the time its the latter. For someone who like to tinker and has a fair technical knowledge on cars also if your livelihood does not depend on having your own transport then I say go for it, save the extra dollars and buy it used. For a woman, first time owner, someone who doesnt have the time to run by mechanic and older people, save yourself the headache in the long run and buy new.
Sky wrote:Crackpot wrote:Chck yuh maths dey
10% ?
100k and up?
avg upwardly mobile young people don't buy million dollar vehicles.
spirited721 wrote:Sky wrote:Crackpot wrote:Chck yuh maths dey
10% ?
100k and up?
avg upwardly mobile young people don't buy million dollar vehicles.
I think the 100k he talking bout was on reference to the comment made about making a bigger down payment (50%)
Trinbagoviews wrote:The reason you can't get ahead is because you give all your money to the bank and make poor financial decisions.
Trinbagoviews wrote:The reason you can't get ahead is because you give all your money to the bank and make poor financial decisions.
Rallyfignis wrote:Trinbagoviews wrote:The reason you can't get ahead is because you give all your money to the bank and make poor financial decisions.
You're doing it wrong.
The best businessmen would tell you to lean on the bank - use their money, not yours.
cinco wrote:what else will trinis spend their savings on btw?
a new house in any "decent" area is upwards of 500k
Rallyfignis wrote:Trinbagoviews wrote:The reason you can't get ahead is because you give all your money to the bank and make poor financial decisions.
You're doing it wrong.
The best businessmen would tell you to lean on the bank - use their money, not yours.
TriniAutoMart wrote:cinco wrote:what else will trinis spend their savings on btw?
a new house in any "decent" area is upwards of 500k
Where you getting a house for $500,000 is any decent area?
I'd like to get one of those
redmanjp wrote:TriniAutoMart wrote:cinco wrote:what else will trinis spend their savings on btw?
a new house in any "decent" area is upwards of 500k
Where you getting a house for $500,000 is any decent area?
I'd like to get one of those
prolly hdc
30hz wrote:Rallyfignis wrote:Trinbagoviews wrote:The reason you can't get ahead is because you give all your money to the bank and make poor financial decisions.
You're doing it wrong.
The best businessmen would tell you to lean on the bank - use their money, not yours.
your bank uses what as collateral?
TriniAutoMart wrote:cinco wrote:what else will trinis spend their savings on btw?
a new house in any "decent" area is upwards of 500k
Where you getting a house for $500,000 is any decent area?
I'd like to get one of those
crazybalhead wrote:Yuhknow...most problems with a used vehicle obvious, if yuh knowledgeable, objective and patient.
Rory Phoulorie wrote:I bought my car new 17 years ago. People where I work and are buying foreign used are on their fourth car on average while I still am on my first.
Major expenses on my car during the 17 years other than normal preventive maintenance:
Repaint - $8k
Replaced shocks - $3k
Rebuilt original engine at 280,000km with genuine OEM parts - $4k (engine going on 309,000km now)
A/C repairs - $5k (basically changed out everything except the evaporator)
So in addition to the initial capital cost of the car, my major expenses have only been $20k over a 17 year period.
I have seen the kinds of problems that foreign used vehicles give. And people generally put foreign used parts in foreign used vehicles. Money down the drain when I did the maths. Initial capital cost of four foreign used cars alone over a 17 year period was over $200k, not counting major maintenance, and I haven't even reached that figure up till now with my car.
From my analyses of my needs for a car, foreign used does not make financial sense. I will continue to purchase "new brand" as long as it continues to be financially viable.
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