Well, Federal and State tax refunds will be coming in a week or two: $4,500 to $10,000. It is broke down car buying time, again. And paying for one, in full and in cash. Please DONT do that this year nor in the future!!!!! May I please recommend, do not yield to the temptation to spend all or most your income tax refund for a cash purchase of a broken down good/bad looking old car. Instead, go to a new car dealer and put down a little bit or none of your money down for a new car or a car that is no more than two years old. Get a car with a new car warranty still on it. Finance your car for as long as it takes for you to have a good looking and good working vehicle for several years. Depending on ones monthly income, cars now-a-days are financed anywhere between $199 and $499 per month. (I, personally, still have income tax refund money from 5-years past. Save some of that money be strong and save a lot of that money. You aint rich!!!) But please do not pay cash for a car, especially one that is older than 3-years old and it no longer has a new car warranty. No doubt, your warranty from on the corner used car dealer, Slick Rick, is for no more than 30-days.. Any old car you buy for cash, will last for about 6-weeks to 6-months after you pay cash for it. Dont do that!!!!!! Do not be a sucker. Remember, $4,500 to $10,000 does not make you nor me rich. Save as much of that money as long as you can. Keep working and pay your note on your new car or almost new car. On the other hand, I know there are those of you out there who pay $80,000 cash for 2015 750Li BMW and the like. We celebrate you, maintain.
Posted on: Tue, 30 Dec 2014 23:01:15 +0000