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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (171227)12/14/2008 4:01:38 PM
From: bentwayRead Replies (1) of 306849
 
You're wrong Jim. I've owned ONE new car, a Toyota. That's when I learned the downside of owning a vehicle that requires full coverage insurance until it's paid off. I'd probably still be driving it if I hadn't wrecked it on Qualudes and booze.

Since then, all my cars have been used, fully depreciated, bought with no financing and minimally insured. Most of my cars have been closer to twenty years old.

I like to own a car, that if it does break down, I can just leave it and donate it to charity for the tow away. If someone steals it for transportation, I don't even call the cops ( except to disown it ) and assume they needed it badly.
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