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The Water Cooler
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My old Suburban
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<blockquote data-quote="Shoot Summ" data-source="post: 2865100" data-attributes="member: 1055"><p>Didn't really save $40K, he's spending close to $20K for transportation. There are a lot of options for transportation, I've seen some nice used cars for $10K that would deliver a lot of service. So actually he's spent $20k on a vehicle that is 19 years old, that he hopes will deliver 7-8 years of service. SPENT $20K, not saved...</p><p></p><p>My Son is driving a 1999 F150 we bought on here for $3500 in 2009, still going strong, probably has put $1.5K into it in parts and service. </p><p></p><p>Beyond that the $20K could have been conservatively invested and could return close to $10K over the same 8 year period. So was it a good idea? Only the OP can determine that, was it a financially sound idea? Not really IMO.</p></blockquote><p></p>
[QUOTE="Shoot Summ, post: 2865100, member: 1055"] Didn't really save $40K, he's spending close to $20K for transportation. There are a lot of options for transportation, I've seen some nice used cars for $10K that would deliver a lot of service. So actually he's spent $20k on a vehicle that is 19 years old, that he hopes will deliver 7-8 years of service. SPENT $20K, not saved... My Son is driving a 1999 F150 we bought on here for $3500 in 2009, still going strong, probably has put $1.5K into it in parts and service. Beyond that the $20K could have been conservatively invested and could return close to $10K over the same 8 year period. So was it a good idea? Only the OP can determine that, was it a financially sound idea? Not really IMO. [/QUOTE]
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