Not a good time to be buying cars

Wednesday, August 19, 2009

Was talking to a friend just yesterday and he mentioned to me that some of his siblings are planning car purchases and the ones they are getting are continental cars which mean expensive maintainance. He was a bit surprised at their decision to buy brand new cars since their current cars are working just fine.

I kinda agree with him. Right now all I can think of is to pay off my car and be liability-free for as long as I can. It may be an old car but it certainly isn't an old junk and it still ferries me very well.

But I suppose different people have different priorities so we can't fault anyone for wanting a new car for a change. I know some who are planning to sell off their vehicles too. Someone want to sell off his sell motorhome because it is expensive to maintain and he finds that his family doesn't use it as often anymore due to less travel plans. Makes perfect sense to me to get rid of such a vehicle!

What about you? Staying put with what you have, selling or buying?

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