I pretty much adhere to this -- I buy an older car, somewhere in the 5 to 10 years old range. I pay cash. That way I don't worry about totaling it. I know that

I pretty much adhere to this -- I buy an older car, somewhere in the 5 to 10 years old range. I pay cash. That way I don't worry about totaling it. I know that no matter what happens to it, I can just replace it with maybe a week's notice without making a significant dent in my cash flow. I made someone's day once when they rear-ended me and I told them the car was a piece of shit anyway, so have a nice day. It's a load off one's mind.