Category Archives: Auto

Why Lease a Car: Reasons It’s Better than Buying

Why Lease a Car: Reasons It’s Better than Buying

Have you ever thought that you knew what the right financial decision was, only to be convinced the other way? Recently, a friend of mine told me of her desire to lease a car and she wanted my help. Originally, I was a skeptical, telling her that the best financial decision she could make would be to buy a used car, not lease a new car. While I still stand by my decision, I have come to realize that everyone’s situation is different. It may be easy to convince yourself that you have the best solution to a life situation for someone else, but it is much different to make it a reality.Continue Reading

Saving The Most Money On Car Expenses

Saving The Most Money On Car Expenses

The ongoing costs tied to car ownership can quickly add up. Insurance, gas and repairs can easily throw you in the red if you don’t properly plan for them by saving money ahead of time. In this post, I am gong to walk you through some ways to cut your ongoing costs of owning a car so that you can keep more of your hard earned money. Let’s get started.Continue Reading

Should You Buy The Extended Warranty On A New Car?

Should You Buy The Extended Warranty On A New Car?

You know how it goes, you agreed to a sale price and you are in the finance manager’s office. He is trying to sell you everything under the sun. This includes an extended warranty. Before you instinctively say no to this option, you really need to think things through in order to make the best decision for you. In this post, I will help you decide if buying the extended warranty on a new car is worth the price or not.Continue Reading

Buying a Used Car: Why Older is Better

Buying a Used Car: Why Older is Better

This past week, I announced that I got a new job. The job comes with a lot of potential advancement in addition to it being a direct application of my unique skill set. This is not to mention the slight pay increase as well. In many ways, it was a ‘no-brainer’ for me to accept the new job. One of the few downsides to accepting this position is that it meant that I could no longer take the train to work. Taking the train to my old job was in no way enjoyable. The walk through the snow, rain, and cold during the winters challenged my resolve to be a one-car-family almost every day. But, as I have come to find out, it was much more affordable to take the train than to own a second car.Continue Reading

Advantages of a One Car Family

Advantages of a One Car Family

When I got my new job in December of last year, much of my life changed. One of which was the transition from a one-car family to a two-car family. At the time, my wife was driving to work and school in the opposite direction as I would be traveling to my new job. I had long dreamed of having two cars and being able to drive to work, especially in the winter. If you were a reader of my blog way back when, you will remember my pity party when I had to walk 1 mile to and from work in sub-freezing temperatures – WORST THING EVER! In that post, I talked about wanting to buy a 2nd car. But, now I have changed my mind and here’s why.Continue Reading

When to Cancel Collision Insurance on Your Car

When to Cancel Collision Insurance on Your Car

One of the pleasures of owning a car is having to pay car insurance. I use the term “pleasure” loosely. While it hurts sometimes to make that semi-annual or annual car insurance payment, you can take comfort in knowing that should the unfortunate occur, you are covered. While most times having sufficient car insurance coverage is needed, there are situations when you no longer need parts of the coverage. I am specifically talking about collision coverage.Continue Reading

Corolla Time

Corolla Time

“Dang! What am I going to do about this ticket?” Dave was a coworker of mine right after the turn of the century, and he got a ticket for driving on bald tires on the way to work that morning. I knew the reason he got the ticket. He had worried aloud a few times in the preceding weeks that he couldn’t afford new tires for his Lincoln Navigator, to which he had added special rims. The car looked really great, but the tires were several hundred dollars… each. To replace them all would be well over a thousand dollars.Continue Reading

When to Lease a Car? When to Buy?

When to Lease a Car? When to Buy?

A friend of mine recently started having car problems. Her car was old and it is time to get a new(er) one. Being the person who obsesses about finances, she asked me what kind of car she should get. The questions didn’t stop there. Next, she asked me whether she should buy a car or lease one. While I would love to say that I knew the answer for her right away, it just wasn’t the case. To be completely honest, I didn’t even know that much about leasing a car – mainly because my parents never leased a car. They always bought the cars, thereby leaving me with a gap in understanding.Continue Reading