Forum Discussion
mkirsch
Oct 17, 2013Nomad II
jevanb wrote:mkirsch wrote:really... I bought a 99 olds minivan to drive back and forth for 6 years cost me 4k, put 200k and 500 dollars plus lots of used tires . sold for 1800k been doing this about every 4-5 years with 3-5 k junkers.
If you're driving a lot, you can't just go out and buy some $3K-$5K jalopy. You need a RELIABLE car and reliable cars don't sell for $3K-$5K. That means payment.
Yes, really. You can't get nothin' but junk around here for $5K. 10 years old and 100K+ miles. At 10 years old they're completely rusted out underneath because of the road salt. Fuel lines, brake lines, gas tank, suspension... all shot.
Besides, you can't get a loan for $5K. Most people don't have that kind of cake laying around these days, so they need to finance even that much. Lenders want the car <5 years old and won't loan you less than $10K.
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