I just want to share we live in Texas! Our ac just went out last night, and our dryer went out this morning. HOWEVER, because of you guys we have a fully funded emergency savings! So we have no fear and we're able to get them both fixed with joy!
I’m currently looking to buy a car and so far I’ve noticed that the price of a used car is very similar to that of a new car. For example, someone was selling a used car that was 6 years old with over 60k miles for only $2k less that a brand new one. Additionally, new cars have a lower interest rate if you do end up needing to take out a loan. And the new cars come with a warranty so you won’t have to pay for maintenance and repairs for years. It kind of seems like buying new is a better way to go. My last car was used and I spent tens of thousands of dollars in repairs and maintenance. It just doesn’t seem worth it to me
If you need a car and don’t have much money grab a Honda Civic or Toyota Corolla. Doesn’t matter how many miles are on it, it’ll last forever if it was well maintained and you take care of it.
In my area, 10-12 year old cars are selling at 45% less than they did when they rolled off the lot, 6 year old cars are selling at 20% less and the twin to my car is currently listed for 10,9 when I paid 15,9 for mine 11 years ago.
They used to and for the majority of the used car history they have. Right now we're in a bubble (the same as housing, food, etc) but it will burst in time. This is a budgeting channel who will always recommend buying something used in good condition to save money xx
I wanted to get a new car, a Toyota highlander, my car is 10 years old with 90,000 miles on it, a chevy equinox, a little rust on it. After thinking about it and calling some dealers, looking on line I decided I will keep that $40,000-$45,000 in my pocket for another couple of years. I am a everyday millionaire but cannot see paying that price for a depreciating asset :=/
If you can't afford to keep a car maintained, you can't afford the car! A car is for a long stretch of time. No need to buy a new one unless absolutely necessary, as long as it get from point A-B. Learn to maintain it.
That's the gamble with used cars. Not a lot of people keep up on the maintenance of their cars when brand new, which becomes your problem when buying that car used. Not doing oil changes on time will cause even Toyota's and Honda's to not last as long as they could.
Depends on the car mine is a 1999 that I've had for 10 years. Sadly, she's having major issues. 3 trips to the mechanic within a month costing me $2000, she's about to go in for a 4th time bc it's stalling out when I drive. The car is only worth $500 so, I don't want it to become a money Pitt taking from my new car savings.
New cars and used cars are very close in price. I recently went with my mom to help her haggle and prices are definitely higher because inventory is low. They wouldnt let us pay MSRP or lower. I definitely do not recommend getting a car. I'm driving my 2013 Honda Civic until it dies.
Just a note because I’ve been listening through all of your past shows this week - Mia Thermopolis from the Princess Diaries is from Genovia (fictional kingdom) not Geneva, Switzerland.
Currently debating if i should put more money into my car or buy a new one. My car is a 1999 Avalon worth $500. She's been into the shop 3 times in a month costing $2,000. She is about to go back for issues that might cost $500+. The money is coming from my maintenance/new card envelope so, im tryong to figure out the best move.
Well, we always buy used. But when we needed to buy a new-to-us car unexpectedly suddenly just as manufacturing was beginning to come out of lockdownwas definitely the worst time in my lifetime to buy a car. But all is well now, and with no car loan to pay off, we still save $250 every month for both seasonal care & to buy the next new-to-us car cash.
My car is 17 years old and I have been wanting a new car. I have been waiting for a couple years already but it's just annoying the way the car market is. I guess I still have to wait, ugghhh
A new car is not an investment, is something like a TV, a washing machine or a fridge. If you can afford cash for a new car go for it, the losing value issue only matter is if you are paying a loan or if you plan on selling it.
This is a great video ,I learn a lot watching your videos and it has been helpful to me. Building a steady income is quite difficult for newbies...Thanks to Mrs.Christine Reynolds for improving my portfolio. Keep up with the good videos.
l also invest with Mrs Christine Reynolds on her live trade, she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.
Repair a car between 5 - 8 K OR buy a used reliable vehicle using the repair cost as a down payment and finance the rest but pay it off as soon as possible. What do you think Ms. Rachel ?
We have all high mileage Toyotas and one Honda. None of them break down very often. Maybe once year and 250-400 dollars to fix. I highly recommend these two brands. My sister has a 20 year old Corolla she uses for work has 335k on it. Lol. She bought it new so she’s put all the miles on it. But had money to travel and for fun.
I sold my 3 year old silverado to carmax for 1500$ more than i paid for it new i bought a 1998 tacoma 5 speed 4wd 163k miles a 2000 honda prelude 5 speed 130k miles a 2005 lincoln town car limo 156k miles 2010 town car with 45k miles so 4 cars and still put 10000$ in the bank lol
@@jasonleatherwood2172 you could easily sell it for more. Their going for about 13k near me. I have a 2014 with 90k and was offered 23k. I paid 26.5 in 2017 with 41xxx mi
I love the grounded reality of this channel!!!, Despite the recession, I'm so happy withdrawing $60K weekly profit out of my investment I just acquired Mercedes GLE 450 for $66,760 last week.
I just want to share we live in Texas!
Our ac just went out last night, and our dryer went out this morning. HOWEVER, because of you guys we have a fully funded emergency savings! So we have no fear and we're able to get them both fixed with joy!
I’m currently looking to buy a car and so far I’ve noticed that the price of a used car is very similar to that of a new car. For example, someone was selling a used car that was 6 years old with over 60k miles for only $2k less that a brand new one. Additionally, new cars have a lower interest rate if you do end up needing to take out a loan. And the new cars come with a warranty so you won’t have to pay for maintenance and repairs for years. It kind of seems like buying new is a better way to go.
My last car was used and I spent tens of thousands of dollars in repairs and maintenance. It just doesn’t seem worth it to me
How about buying a brand new $20000 Mitsubishi?
If you need a car and don’t have much money grab a Honda Civic or Toyota Corolla. Doesn’t matter how many miles are on it, it’ll last forever if it was well maintained and you take care of it.
No. Five year old cars are not 60% cheaper than new cars. Time for some new stats. Otherwise, great video!
In my area, 10-12 year old cars are selling at 45% less than they did when they rolled off the lot, 6 year old cars are selling at 20% less and the twin to my car is currently listed for 10,9 when I paid 15,9 for mine 11 years ago.
Not true
They used to and for the majority of the used car history they have. Right now we're in a bubble (the same as housing, food, etc) but it will burst in time. This is a budgeting channel who will always recommend buying something used in good condition to save money xx
Bubble or not, it’s misleading to use inaccurate statistics.
Yeah 5-year-old Chargers and Challengers with 80k mi on them are still selling for a few grand less than new ones.
I wanted to get a new car, a Toyota highlander, my car is 10 years old with 90,000 miles on it, a chevy equinox, a little rust on it. After thinking about it and calling some dealers, looking on line I decided I will keep that $40,000-$45,000 in my pocket for another couple of years. I am a everyday millionaire but cannot see paying that price for a depreciating asset :=/
Highlanders hold their value quite well.
It’s not the end of the world.
If you can afford a Tesla, then I would get one.
Have to update your talking points. Used 2014s are going for 30k
If you can't afford to keep a car maintained, you can't afford the car! A car is for a long stretch of time. No need to buy a new one unless absolutely necessary, as long as it get from point A-B. Learn to maintain it.
That's the gamble with used cars. Not a lot of people keep up on the maintenance of their cars when brand new, which becomes your problem when buying that car used. Not doing oil changes on time will cause even Toyota's and Honda's to not last as long as they could.
Depends on the car mine is a 1999 that I've had for 10 years. Sadly, she's having major issues. 3 trips to the mechanic within a month costing me $2000, she's about to go in for a 4th time bc it's stalling out when I drive. The car is only worth $500 so, I don't want it to become a money Pitt taking from my new car savings.
@@Singlerose55 That's different. A 1999 vehicle has gone through it's 'long stretch of time.'
New cars and used cars are very close in price. I recently went with my mom to help her haggle and prices are definitely higher because inventory is low. They wouldnt let us pay MSRP or lower. I definitely do not recommend getting a car. I'm driving my 2013 Honda Civic until it dies.
It is hard to get a basic car without all the bells and whistles, they load them up to increase the prices :=(
I went into the dealership and the car salesperson said "are you going to be living in it?" I wonder how the person knew that?
Sometimes its about safety over status
Just a note because I’ve been listening through all of your past shows this week - Mia Thermopolis from the Princess Diaries is from Genovia (fictional kingdom) not Geneva, Switzerland.
Currently debating if i should put more money into my car or buy a new one. My car is a 1999 Avalon worth $500. She's been into the shop 3 times in a month costing $2,000. She is about to go back for issues that might cost $500+. The money is coming from my maintenance/new card envelope so, im tryong to figure out the best move.
Well, we always buy used. But when we needed to buy a new-to-us car unexpectedly suddenly just as manufacturing was beginning to come out of lockdownwas definitely the worst time in my lifetime to buy a car. But all is well now, and with no car loan to pay off, we still save $250 every month for both seasonal care & to buy the next new-to-us car cash.
My car is 17 years old and I have been wanting a new car. I have been waiting for a couple years already but it's just annoying the way the car market is. I guess I still have to wait, ugghhh
A new car is not an investment, is something like a TV, a washing machine or a fridge. If you can afford cash for a new car go for it, the losing value issue only matter is if you are paying a loan or if you plan on selling it.
This is a great video ,I learn a lot watching your videos and it has been helpful to me. Building a steady income is quite difficult for newbies...Thanks to Mrs.Christine Reynolds for improving my portfolio. Keep up with the good videos.
l also invest with Mrs Christine Reynolds on her live trade, she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.
This is not the first time I am hearing of Mrs.Christine Reynolds and her exploits in the trading world but I have no idea how to reach her..
she often interacts on Telegrams, using the user name.
INVESTWITHREYNOLDDS💯
@@Roselerma Thanks a lot for the recommendation, I’m already in the investment process with her.
3 year old pre-owned cars are only like 2-3k less than a new one
Repair a car between 5 - 8 K OR buy a used reliable vehicle using the repair cost as a down payment and finance the rest but pay it off as soon as possible. What do you think Ms. Rachel ?
And the young princess was told
The Peasants have no bread 🍞
She responded “Let them eat cake”. Trade your Tesla for a
94 Honda Civic.
Which are the worst brands and worst cars to get.
Just get a known Japanese brand.
@@Anonymoose66G agreed
@@squareenixffost Yeah, Toyota's and Honda's are good.
Subaru will last decades
@@RiSkyNick Yeah there harder to find though.
I just want a car that's low risk of breaking down or being extremely needy for major repairs every few months.
We have all high mileage Toyotas and one Honda. None of them break down very often. Maybe once year and 250-400 dollars to fix. I highly recommend these two brands. My sister has a 20 year old Corolla she uses for work has 335k on it. Lol. She bought it new so she’s put all the miles on it. But had money to travel and for fun.
I only buy used cars and i will never buy brand new. Absolute waste of money to buy a new car
Did she answer the question? "Worst time to buy a new car?". I don't know.
Rachel RAMSEY is the last person on the planet I'd listen to about car advice.
She is a nice person. I like to listen to here. Cars or not.
I listened to her on car buying. I am glad I did.
I sold my 3 year old silverado to carmax for 1500$ more than i paid for it new i bought a 1998 tacoma 5 speed 4wd 163k miles a 2000 honda prelude 5 speed 130k miles a 2005 lincoln town car limo 156k miles 2010 town car with 45k miles so 4 cars and still put 10000$ in the bank lol
I'm amazed you found a taco that cheap.
@@Jenger420 9000$ for a 26 year old truxk lol
@@jasonleatherwood2172 you could easily sell it for more. Their going for about 13k near me. I have a 2014 with 90k and was offered 23k. I paid 26.5 in 2017 with 41xxx mi
Awesoem. Would be cool if she did the same with housing. Not predicting how we just an overall beat or worst time
I love the grounded reality of this channel!!!, Despite the recession, I'm so happy withdrawing $60K weekly profit out of my investment I just acquired Mercedes GLE 450 for $66,760 last week.
What kind of investment do you do
How do you earn that much weekly
I earn from investing in the digital market with the guidance of Mrs Elizabeth Ann Larson Brokerage services...
Her strategy has been helping alot of traders/ newbies out there , with her program I was able to recover my losses from the crash so swiftly .
@@Elizabethcoley1 So how do I get involved in all these?
I really need her assistance
Show me how!
F. O.!!!
i was just about to purchase a 2011 jeep with 215k miles and some rust. yea, its that bad rn. even used cars are overly priced.