Brand New Car Or Buy Used?
There is a common misconception to purchasing a used car is better for you when you’re starting a business and more economical. I want to argue against this and tell the story of how I almost got ran over in spending ten times more money fixing up an old car than just purchasing a new car.
First, I want to say if you’re listing to Dave Ramsy or Financial Planners on Instagram congratulations they are all listening together and have a broken mans mindset that they don’t want to enjoy the finances of life. Here at Confidently, Wealthy®-we tried that and we know the severe damage that causes to the mental health of oneself and the family environment so we suggest living life normally, paying off debt slowly, and still investing in your health and beauty routine aka not looking like a slob.
Entrepreneurship is just like college but life is not like college-this is where there is a difference.You want to enjoy life for example, my life is to have a nice car and to enjoy my health and beauty while on the pursuit of my goals.
Now, of to the reason if you should purchase a brand new or used car-if you’re going to purchase a used car know one thing that if you’re either getting it from a third person buyer or from the dealership plus going to to put more money into the thing that could be going into a brand new car to pay out the lease.
If it is a Toyota that will stay for you for a very long time-please note this advice is only for good quality cars-I do not count Hyundai as good quality I drove one and I was scared out my mine during the hard Florida Hurricane rain because I thought I was going to crash and die.
This is for Mercedes, Toyota, Lexus, Honda cars that will LAST you 10-15 years that you will stay with not trade out however if you’re going to be naive and trade in your lease then click out of the blog post-this is not your place.
Entrepreneurship is a long term game and you might be driving a car with no payments but you will be stressed driving a car that you’re thinking will break down on you-in comparison to a car that is straight from the lot with warranty that you have a monthly payment that you have revenue coming in from your business or job.
The key thing is what is your lifestyle choice and ask what is going to give you the least stress level.