My fiance and I are debt free minus my student loan. Both our cars are paid off but are getting old. They both are 2001's with over 100k miles on them. Neither of us drive far for work. 20 miles a day for the both of us.
Thing is, we would like to buy a newer vehicle for safety and size. Our family just grew. I am afraid of the economy and am wondering if we should buy a new or newer vehicle or just save our money for repairs on our old vehicles. Suggestions?
Answer by SThompson21 at 6:29 PM on Feb. 1, 2009
Answer by gdiamante at 7:57 PM on Feb. 1, 2009
Answer by halfpint_ny at 8:25 PM on Feb. 1, 2009
Answer by customcat2000 at 9:09 PM on Feb. 1, 2009
Answer by lifeasinoit at 10:18 PM on Feb. 1, 2009
We only have one car payment at a time. Only buy one car make it a used one year old car. Pay it off then replace the other one. We drive a 2000 Ford Focus and I have a 2005 Ford Explorer. The Focus is in great shape and my husband will drive it until it dies. We have no car payment and won't until his car dies. You need to decide if this is a really a need or simply a want and if it is worth it to you to be in debt when no one has job security.
Answer by Anonymous at 11:33 PM on Feb. 1, 2009
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