May 09 2008
Driving Away From More Debt
I’ve been driving the same car for 11 years and 300,000 km now. And even though I’ve been advised to sell by friends and family alike, I keep asking why.Whether you keep an older car or sell for something newer, I think that your frugal principles have to dovetail with your automotive priorities. If having a vehicle that is new and flashy is crucial, my current car wouldn’t fit the bill. Reliability is my number one concern so while my car has a few kilometers on it, it is still very dependable. And even though every few years I do have some larger repairs, I have complete trust that every time I turn the key, my car will take me from A to B. And it has.I still feel that new car lust for something shiny and different. That I’ve spent over 10 years with one car is surprising enough for a commitment-phobe like me. And there are new models with new features that make my car look a little more rusty and dirty – and old.When I measure the cost of a new car, not only in terms of purchase price but interest, an increase in insurance, and the extra hours I’d have to work to make it a reality, my desire evapourates. They still are pretty but I want other things more.
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