My deal with cars is never buy new, never buy at a dealership, never carry a loan, and always sell existing cars in the paper. This mantra has consistently allowed me to spend about 2-3k every 3-5 years on cars.
Ex) My last purchase was a 9k jeep paid cash. Drove for 5 years. Sold for 7k. Next bought a Discovery for 12k. It's been 3 years. Might sell for about 10k.
But, for budgeting purposes, including fixes, oil changes, and depreciation....what should I figure? Not including gas. Gas is easy to judge.
My gut says: $150/month
Am I high or low?
- Shabber
Ex) My last purchase was a 9k jeep paid cash. Drove for 5 years. Sold for 7k. Next bought a Discovery for 12k. It's been 3 years. Might sell for about 10k.
But, for budgeting purposes, including fixes, oil changes, and depreciation....what should I figure? Not including gas. Gas is easy to judge.
My gut says: $150/month
Am I high or low?
- Shabber