Special edition Thrifty Thoughts on our beloved automobiles.
16.This one is huge. Never. ever. EVER buy a new car. Here's an analogy I heard once that should be enough to scare you away. Imagine driving your new car off the lot (which loses 20-40% of it's value right there!) and every Monday morning on your way to work, rolling down your window and tossing a hundred dollar bill out into the ditch. Is that going to add up? My friend, that is going to add up.
For most people, this is a pride issue. Will an older, used model that you can pay for WITH CASH get you from point A to B? Yes. Will it be good for your ego to show up in that not-so-new vehicle? Heck yes. Get over yourself. ;) Unless of course you have the means - to people that think 30 grand is chump cash, buy those new cars - we need you for our economy! Otherwise, repeat after me: Cars are NOT AN INVESTMENT. It is a depreciating asset. If you don't have the money in your account for it, you shouldn't be buying it. I realize there may be a few exceptions to this rule, since in this day and age cars are pretty much a necessity, and some folks will need to get a small loan. Avoid at all cost if you can.
18.Don't trade your car in. If they can make a profit on it, SO CAN YOU!
19. Combine trips. You need to hop in your car every time you think of something you "need"? It's only a few blocks away you say.... Yes, I am somewhat of a homebody. But some of my "hermit-like" behavior is to save gas. Need milk and eggs? I phone the hubby and say to pick some up on his way home from work. Can the grocery shopping wait for 2 days when I have a dentist appointment so I can make one trip out of it? Yup, sure can!
p.s. if it is only a few blocks away - walk or RIDE YOUR BIKE!
20.Now this one I need to preach to myself. I once tried this and the results were unbelievable. In fact, they were so unbelievable I should probably test it again to make sure I did it right! Instead of driving like a maniac, like every destination has the potential to get us a NASCAR trophy, drive conservatively. I am aware this is supposedly a no-brainer. However, when I actually practiced it (no gunning it when the light turns green, screeching to halts, driving 15mph over the limit, etc) , I got over 100 more miles on a tank of gas!!!! wowzers.