▲ 229 ▼ What's the best financial decision you've ever made? (lemmy.world) submitted 3 years ago by CaspianXI@lemmy.world to c/asklemmy@lemmy.world 180 comments fedilink hide all child comments
[–] nbailey@lemmy.ca 19 points 3 years ago (2 children) A $2300 Toyota three years ago. It’s probably saved me about 15K in car payments. It’s old and ugly but I’m so much further ahead because of it. permalink fedilink source hideshow 4 child comments replies: [–] charles@lemmy.world 9 points 3 years ago I'd strongly recommend you continuing to make a "car payment" to yourself. you won't get used to income you might not have in the future you will have a nest egg for repairs that are likely to be needed on a beater if you do this for long enough, you'll start to get enough returns to pay for your next car in cash and can get a more modern one (if you have kids, at some point you'll start to prioritize safety features) permalink fedilink source parent [–] CaspianXI@lemmy.world [S] 4 points 3 years ago (1 child) Wow, that's incredibly cheap for a car! My biggest worry worry used cars was always maintenance. Did you have a lot of problems to fix along the way? permalink fedilink source parent hideshow 2 child comments replies: [–] nbailey@lemmy.ca 2 points 3 years ago (1 child) Couple usual small things like suspension, struts, tires, brakes, etc. and some rust repair (salty Ontario roads), but nothing major. The key thing is finding a vehicle with only one or two owners, wasn’t used for Uber/delivery, had all the required maintenance, and was generally well cared for. Most cars will easily hit 500K km barring any major design defects these days. permalink fedilink source parent hideshow 2 child comments replies: [–] intensely_human@lemm.ee 1 point 3 years ago 500 megameters permalink fedilink source parent
[–] charles@lemmy.world 9 points 3 years ago I'd strongly recommend you continuing to make a "car payment" to yourself. you won't get used to income you might not have in the future you will have a nest egg for repairs that are likely to be needed on a beater if you do this for long enough, you'll start to get enough returns to pay for your next car in cash and can get a more modern one (if you have kids, at some point you'll start to prioritize safety features) permalink fedilink source parent
[–] CaspianXI@lemmy.world [S] 4 points 3 years ago (1 child) Wow, that's incredibly cheap for a car! My biggest worry worry used cars was always maintenance. Did you have a lot of problems to fix along the way? permalink fedilink source parent hideshow 2 child comments replies: [–] nbailey@lemmy.ca 2 points 3 years ago (1 child) Couple usual small things like suspension, struts, tires, brakes, etc. and some rust repair (salty Ontario roads), but nothing major. The key thing is finding a vehicle with only one or two owners, wasn’t used for Uber/delivery, had all the required maintenance, and was generally well cared for. Most cars will easily hit 500K km barring any major design defects these days. permalink fedilink source parent hideshow 2 child comments replies: [–] intensely_human@lemm.ee 1 point 3 years ago 500 megameters permalink fedilink source parent
[–] nbailey@lemmy.ca 2 points 3 years ago (1 child) Couple usual small things like suspension, struts, tires, brakes, etc. and some rust repair (salty Ontario roads), but nothing major. The key thing is finding a vehicle with only one or two owners, wasn’t used for Uber/delivery, had all the required maintenance, and was generally well cared for. Most cars will easily hit 500K km barring any major design defects these days. permalink fedilink source parent hideshow 2 child comments replies: [–] intensely_human@lemm.ee 1 point 3 years ago 500 megameters permalink fedilink source parent