WELL my car blew up

[stretch2011]

My luck has turned. This goes to show for every valley there is a hill.

I sold my 2004 mustang I had setting here, my hall amp, my hall cab, AND one of my portable amps.

Well noted on it's better to not be a slave to car payments. I was looking at the 2016 Ford focus for $16,000 brand new. That's a $270/m for 60 months. 3yr 30,000m factory warranty, 5yr 60,000m drive train warranty.

My thought was: Buy a new car, make the payments but don't have any real maintenance fees. When the car hits $60,000 it will be payed for and can be sold for roughly half price (condition dependant). That's $8,000ish to put down on a new car. Which means I have a higher probability of buying it outright or having a very short payment window.

In which I will be driving a new vehicle at all times and don't have to worry about any major maintenance. Well that's my thought at least.

[stretch2011]

Wow. That's one hell of a song leo. True and catchy!

[Leo_Gnardo]

Wow. That's one hell of a song leo. True and catchy!

Glad you enjoy it! An old friend twigged me onto it a couple years back.

[Phil_S]

When the car hits $60,000 it will be payed for and can be sold for roughly half price...

Hey, lemme know how you get a used car to hit $60,000. I'll buy 'em by the gross. (I think everyone know you meant 60K miles, but I couldn't resist.)

I'd argue that you should look at market price for a clean 2 year old of the same model with 25K or less, where you can inherit the remaining warranty, etc. If you can buy it for under 70% of new, that's what I'd do. It has hardly anything shaved off the life span and you'll get to keep several thousand in your pocket. YMMV!

[stretch2011]

Very good point Phil!

[HeeBGB]

I'm actually sitting at a dealer right now buying a 2012 Focus for my son. 38k miles for $10k