Part of "HOW TO SAVE FOR A HOME" Series
Topic: Cars
What is the most cost effective way to own a car? Leasing, buying, replacing, or keeping your car?
Folks, don't waste money on cars! They present an image yes, but what good is an image of success if you have nothing to back it up? Better yet, buying that first home adds so much to your security and sense of pride. Nothing says "SUCCESS" better than hosting various events in your own home.
Follow the advice given below. Buy one of the listed reliable (and cool) cars and the $31,000 you save can be your down payment on a NEW HOUSE!
Did you know you can......
Drive Your Car to Death and Save $31,000?
According to Consumer Reports magazine, by keeping your car for 15 years, or 225,000 miles of driving, you could save nearly $31,000! That's compared to the cost of buying an identical model every five years, which is roughly the rate at which most car owners trade in their vehicles.
In its annual national auto survey, the magazine found 6,769 readers who had logged more than 200,000 miles on their cars. Their cars included a 1990 Lexus LS400 with 332,000 miles and a 1994 Ford Ranger pick-up that had gone 488,000 miles.
For the full article including the magazine's list of "Good bets" and "Bad bets", go to:
Money.cnn.com
For more money saving real estate tips contact me at:
Jennifer Mann
Prudential California Realty
23925 Park Sorrento
Calabasas, CA 91302
Jm4re@yahoo.com
www.jennifermannhomes.com
818.251.2440
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