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This works find assuming the cheap car you bought in the first place doesn't blow an engine mid-year requiring everything you've saved in order to repair it. T
by auiya 7y ago
This works find assuming the cheap car you bought in the first place doesn't blow an engine mid-year requiring everything you've saved in order to repair it. This happens more often than you (or Dave Ramsey) would imagine.
- mberning 7y agoThere is no data to back that up. I won’t suggest that it can’t happen, but if it were as common of an occurrence as you suggest there would be no used cars to drive. They would all be at a junkyard. If you exercise caution and due diligence you can score a decent used car that will last you more than a few years.
- auiya 7y agoWhen was the last time you toured a junk yard? They're absolutely littered with Eagle Visions, Pontiac Grand Ams, Chevy Metros, and Saturn LS's; all kinda trash from the 80's and 90's - you know, those $5k Dave Ramsey specials that don't actually make financial sense to fix? I was being slightly hyperbolic, but Ramsey's way short-sighted when it comes to car maintenance/running costs of cars that cheap.