Comments on: links for 2007-06-15 http://www.getrichslowly.org/blog/2007/06/15/links-for-2007-06-15/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Sat, 18 May 2013 20:38:35 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Aleks http://www.getrichslowly.org/blog/2007/06/15/links-for-2007-06-15/comment-page-1/#comment-89828 Aleks Fri, 15 Jun 2007 17:18:38 +0000 http://www.getrichslowly.org/blog/2007/06/15/links-for-2007-06-15/#comment-89828 I find it somewhat of a nonsequitur when someone writes an article about personal finance and talks about picking a car with better gas mileage, less depreciation and avoiding car payments, and then says that he bought a 2-year-old Corvette for $33,500. Maybe he's already wealthy and can afford to splurge a little? My first car was an '86 Tercel that cost me $3100 (including tax) and it didn't require any major repairs before I totaled it in an accident. My current car is a '92 323 that I bought in 2002 for $6700 and it, too, has not cost much to maintain. Both of them get way better mileage than a Corvette and neither of them can depreciate as much, even if they drop to zero. It just seems like weird advice, like telling people how they can save money on batteries by buying a $10,000 self-winding Rolex. I find it somewhat of a nonsequitur when someone writes an article about personal finance and talks about picking a car with better gas mileage, less depreciation and avoiding car payments, and then says that he bought a 2-year-old Corvette for $33,500. Maybe he’s already wealthy and can afford to splurge a little?

My first car was an ’86 Tercel that cost me $3100 (including tax) and it didn’t require any major repairs before I totaled it in an accident. My current car is a ’92 323 that I bought in 2002 for $6700 and it, too, has not cost much to maintain. Both of them get way better mileage than a Corvette and neither of them can depreciate as much, even if they drop to zero.

It just seems like weird advice, like telling people how they can save money on batteries by buying a $10,000 self-winding Rolex.

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]]> By: Flexo http://www.getrichslowly.org/blog/2007/06/15/links-for-2007-06-15/comment-page-1/#comment-89821 Flexo Fri, 15 Jun 2007 16:10:15 +0000 http://www.getrichslowly.org/blog/2007/06/15/links-for-2007-06-15/#comment-89821 Thanks for the mention! Thanks for the mention!

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