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October 29, 2018

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Good advice, but awful simplistic. My 2013 Jeep Wrangler just got off its factory powertrain warranty a few months ago. No problems until shortly thereafter, then three of four axle filters leaked, costing $1,200. New brakes, new battery, and new tires this year so I've spent about $2,500. Vehicle has 46,000 miles and has never left the asphalt...I've babied it. I'm beginning to think that those who buy new cars every 5 years and get rid of them as the warranty expires are on to something.

Also, the advice to simply "buy stocks" at any time reminds me of REALTOR-speak. There are certainly times when buying assets make sense given their valuation and thus likely future performance. Those buying stocks now at nosebleed valuations are simply speculators, not investors, and are relying solely on the Greater Fool theory to find some chump willing to pay even more.

I disagree with Mark above. I think the point here is a good one. Spend less on your car and save more for retirement. Absolutely agree.

Mark, I think you should consider buying cars that are higher-up on the Consumer Reports annual ratings. Jeep Wranglers are always near the bottom as their reliability is crap and has been for years.

If you buy a RELIABLE car and keep it for the long haul, that will be a good deal.

I went ultra low and my last "new" car bought earlier this year cost me $7000. Yeah it is ten years old and had 160,000 miles on it but I've put another ten thousand miles on it myself and not a single trip to the shop. Every luxury feature on that Infiniti still works and it still outruns and out handles almost any other production car you can get. Plus I've had people mistake it for a new 2018 model! I could afford any new car I want but I love the feeling of getting a bargain. The last new car I bought was in 1985 and I'm early retired while my former coworkers, they are still working.

A car is a pure piggy bank and even playing with some loans related to it, there is no sense in it, but it's nice to write everything here and how you can save if someone goes this way. It's better to choose the most reasonable option and save money.

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