Quote:
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Originally Posted by Agamemnon
Sometimes people aren't part-time mechanics, and find value in a slightly more expensive car (and newer), as it may save them money/time/hassle when the 1992 Golf they bought for $2500 craps out on them.
More money doesn't always = more reliable... but less money doesn't always = smarter way to go.
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agreed. the car i had before my Mazda 3 was an absolute piece of crap. soon as i fixed something, another thing broke. had the same issue with the used car before it. so when it was time to change my BC license to an Alberta one (finished school), i had a choice of either spending over $2500 on my existing car so it would pass the out of province inspection, or using that money towards a downpayment for a new car. and seeing as how i've had my 3 for over a year now and not a single issue has caused me to take it to the dealership i think i made the right choice
but back on topic, i really don't have that much sympathy for those who ruin their credit with stupid decisions. i saw it happen to my brother when he was a teenager and at 28 he is still dealing with the consequences. when i was younger and just starting out on my own i had a simple plan, don't buy anything i didn't have the money in my bank account to cover. and whenver i do use my credit cards for something i always make sure that i'll have the cash in my account to pay them off within 20 days to avoid any interest accumulating
but as previously mentioned i do think basic finances should be taught in high school. kids need to learn that a credit card != free money