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Your method can still be confusing to most people. With your existing car, you have no idea what repairs will be needed in the future. You can use a default and just assume that most things will need repair/replacing but that may be overkill on your estimate. The MOST cost effective thing to do is to buy a new reliable...more
@ Steve - yes it IS worth putting in a new transmission for $1500. Otherwise the alternatives are either buy another used car that you have no idea of its history OR buy a new car that'll cost you ALOT more than $1500. With buying another used car or the new car option, do you really think you'll NEVER have to repair A...more
1) People wanted low prices 2) Walmart gave low prices 3) Walmart paid low wages 4) People made less 5) People wanted lower prices 6) Walmart lowered prices more 7) Walmart earnings fell further 7) Walmart started stiffing employees on benefits to save a $ 8) People made even less 9) Goto step 1 and repeat cycle until ...more
The advice to not spend more on repairs than the car is worth is ridiculous. That's like saying don't spend more on gas than the car is worth. If you get a new Honda Civic for, let's say, $17000, and you spend on average about $200/mo, you blow past the car price in 85 months (7yrs and 1 month). Do you then sell the ca...more
The economies of countries with the biggest middle class population do the best. Only when China's and India's middle class began to grow like crazy did their economy REALLY TAKE OFF. Looks like we can all see how the US economy is headed to a 3rd world status.
5/6/2013
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