dcsimg The Get Rich Slowly Forums • View topic - Nused Car Account is Fully Funded

  GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Thu Oct 30, 2014 9:46 am




Post new topic Reply to topic  [ 12 posts ] 
Author Message
 Post subject: Nused Car Account is Fully Funded
PostPosted: Fri Aug 29, 2008 11:44 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
We now have saved $17,000 to buy a nused car for me.

We've started our car research and the plan is to make a purchase towards the end of this year.

We've now moved on to 2008 Savings Goal #4 - baby fund of $5,000.

_________________
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


Top
Offline Profile E-mail   
 Post subject:
PostPosted: Fri Aug 29, 2008 12:40 pm 
User avatar

Joined: Tue Aug 19, 2008 8:27 pm
Posts: 591
Location: NC
What is a "nused" car? :)

What type of car are you looking at?

_________________
DTR


Top
Offline Profile E-mail   
 Post subject:
PostPosted: Fri Aug 29, 2008 2:23 pm 
User avatar

Joined: Thu Apr 05, 2007 5:20 am
Posts: 515
Location: Birmingham, AL
nused -> new used car (a used car that is new to the buyer)

_________________
No Debt Plan


Top
Offline Profile   
 Post subject: Re: Nused Car Account is Fully Funded
PostPosted: Fri Aug 29, 2008 5:09 pm 

Joined: Sun Feb 17, 2008 4:39 am
Posts: 322
Location: Woodstock, CT
Sam wrote:
We now have saved $17,000 to buy a nused car for me.

We've started our car research and the plan is to make a purchase towards the end of this year.

We've now moved on to 2008 Savings Goal #4 - baby fund of $5,000.


Good Job
what kind of car are you looking to get?

_________________
When you're good to others, you're best to yourself - B. Franklin


Top
Offline Profile   
 Post subject:
PostPosted: Fri Aug 29, 2008 5:18 pm 
User avatar

Joined: Thu Jun 05, 2008 9:46 am
Posts: 176
dtr wrote:
What is a "nused" car? :)



Yeah, this is one I don't get, either. Of course anything you buy is new to you. Otherwise you wouldn't be buying it, you'd already own it.


Top
Offline Profile   
 Post subject:
PostPosted: Fri Aug 29, 2008 6:50 pm 
User avatar

Joined: Tue Aug 19, 2008 8:27 pm
Posts: 591
Location: NC
kmull wrote:
nused -> new used car (a used car that is new to the buyer)


Figured it wasn't a typo the second time she nused it.

_________________
DTR


Top
Offline Profile E-mail   
 Post subject:
PostPosted: Fri Aug 29, 2008 9:28 pm 

Joined: Tue Jun 03, 2008 8:30 pm
Posts: 158
A nused car is a new-ish used car, practically new. So, 1-2 years old.


Top
Offline Profile   
 Post subject:
PostPosted: Sat Aug 30, 2008 6:44 am 

Joined: Wed Jul 02, 2008 1:42 pm
Posts: 67
Location: New Hampshire
That's great about your car fund. Congratulations. Be sure to buy a very reliable car, especially if you're going to be having a baby.


Top
Offline Profile   
 Post subject:
PostPosted: Mon Sep 08, 2008 2:56 pm 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
We bought the car on Saturday. I wrote a check for the full amount and drove it home. It was wonderful! The conversation with the finance guy was interesting.

Nused car, is a gently used car a couple of years old. Not sure who came up with the term.

We bought a 2006 Nissan Maxima.

_________________
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


Top
Offline Profile E-mail   
 Post subject:
PostPosted: Mon Oct 20, 2008 5:15 pm 
User avatar

Joined: Sat Oct 18, 2008 5:05 pm
Posts: 42
Excellent! That's the way to do it. You probably saved thousands that way plus you don't have any payments so that way you'll save up back quicker.

Congrats on the Maxima, that's a nice car.

_________________
My blog Money Sharp
My blog Ha Ha Daily
I like driving fast


Top
Offline Profile   
 Post subject:
PostPosted: Tue Oct 21, 2008 10:00 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
Thanks MM, I felt great when I recently received a copy of the title in the mail and the lien holder section said "none".

I've had a couple people ask me if I bought or leased the car and I've responded, in a gentle manner, that I bought the car out right. That statement tends to trigger a number of questions - "how could you afford to buy a car in full" "you mean you didn't finance the car, why not", etc. I try not to get preachy with people, but I want my friends to know that its possible to save up for a car and buy it with cash.

And my answer is - I drove my last car for 9 years (and my last car was paid off in 2002 so I had 6 years of no car payment) and I saved, saved, saved for the nused car in order to pay for it with cash. Next year we'll start saving for a replacement car for Mr. Sam.

_________________
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


Top
Offline Profile E-mail   
 Post subject:
PostPosted: Tue Oct 21, 2008 10:52 am 

Joined: Tue Aug 05, 2008 3:22 pm
Posts: 548
Location: Northern CA
Sam, you're so right.

We have bought other vehicles outright, including paying cash for our van, a trailer, and two jetskis. In contrast to a friend who financed the tow vehicle ($30K) the jetskis ($25K) and the trailer ($2K). Oh, and an RV - $64K on a 20 year note.

Their entire financial plan is the day in three years when they no longer have to pay $1000/month in child support.

One of the jetskis is trashed from "friends" running it aground and refusing to pay for the damage; they jack-knifed and damaged their first trailer, so they went out and bought another one. Excuse me, financed another one.

They're upside down on their house, we just learned (we suspected it, but they talked about it when last we were together). Part of why they're upside down - and now trapped - is they refinanced to finish paying off the "toys" - 4 years into 5 years of financing.

It makes me itchy - I cannot believe how "we can afford the monthly payments" has snowballed into more than $120K in "toy" debt.

Sandi


Top
Offline Profile   
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 12 posts ]  Moderators: kombat, bpgui, JerichoHill, Fiscal Fitness Moderator


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki