Cars are on my mind! I love all sorts of cars. Sports, classic and antique cars are absolutely beautiful. I am in the market to replace my old (17 & 15 year old) cars soon. Should I get a new(er) car or keep my car for few more years. It is time to replace my timing belt on my oldest car! Do I really want to put $5-600 in my car? What am I going to do?
I think each side of my brain is talking to me. My practical side says go cheap and my emotional side says spend the money. If I really want to go cheap, I would replace the timing belt and fix a few minor things and keep the car. After all, it only has 160K miles on it and still looks good. My other side says you have had the car 17 years and it is time to get a new car. I do not want to put any real money into the car because it is only worth $8-1200. Now I start my research and I really do not know where it will lead me.
Looking for car is supposed to be fun, but I really do not know what I want. Fortunately, I found some of the best articles of the week. This makes a good segue to today’s picks for Friday Night Links.
The following articles caught my attention:
The Single Saver - One Step Closer To Financial Freedom
The Wealth Artisan - Expensive Habits That Are Hard To Break
Thirty Six Months - Personal Financial Management aka setting a budget
Thousandaire - 10 Reasons You Should Have a Side Business
Untemplater - It’s Time To #FixYoungAmerica: Interview With Scott Gerber
Rules
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I read more than five hundred (500) articles a week and I highlight just five (5) in my Friday Night Links. Getting a new Car should be fun. Thank you for reading Friday Night Links Cars Edition.
Photo by: gareth 1953
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{ 14 comments }
Have fun with the car search / shopping KC. That salesman is not going to know what hit him…he probably won’t be adding the rust treatment and extended warranty to that deal
My best defense is walking away. I usually go through the fleet manager anyway.
Flip a coin. Neither choice is a bad one, especially with gas prices climbing up and up. Could be a chance to get a vehicle with improved fuel efficiency.
I agree, but I hate to buy things that go down in value.
Thank you for the mention. I am honored! As for the car, keep it until the cost of repairs exceeds the value… or buy a new one and save the old as a ‘beater.’ Good luck with your decision!
The repairs/maintenance is equal to the value of the car and it probably still makes sense to keep it. Frankly, 17 almost 18 years seems like enough out of car. So I am torn, but realize it is time to switch.
Thanks for the mention KC! I’m a big fan of classic and racing cars myself although I’ve never owned either, I just like to look at them the most at the auto shows in town. If I was in your shoes I’d probably get a new used car. I’d feel funny paying 5-600 to fix something in a car worth 8-1200. I have no desire to have a fancy car, but I do care a lot about safety and having minimal maintenance. -Sydney
I always wanted a Porsche or Ferrari, but my common sense keeps me from forking over all that cash. Maybe someday, I will indulge myself and rent a Porsche for the weekend. The jury is still out on that next car, but I must do something in the next few months.
Hey Krant,
Thanks for the include! My opinion is to fix up the older car assuming it wouldn’t be at a ridiculous cost. You’ll lose over $1,200 on a new car just driving it off the lot.
I know there are many shades of gray as well such as newer used cars, but my suggestion is to fix it up, or find a good used replacement. Hope my opinion helps
.
Thanks,
Timothy
Thanks, I feel the same way, but part of me wants something different.
Hi KrantCents,
Thanks for placing my guest post in your carnival. It’s an honor to be included among such great sites, and thanks Timothy for letting me post it on Wealth Artisan.
Whatever you choose for your car solution, I’m sure you’ll make a wise decision. Thanks again!
Humbly Yours,
The Mayor
Thanks, I have been thinking about this choice for a while now and I am really torn.
What about a new-to-you car? It’ll be the change you desire and a newer model without losing money when you drive off the lot. Sorry, though, a classic Porsche isn’t included in a new-to-you car
My neighbor bought a Porsche from the 60s and it keeps going up in value. I don’t think I would drive it to work every day though.