Sunday, February 7, 2010

Old Van Or New Car

Q. I have an older van that really needs to have major repairs, such as brakes and possibly a new/rebuilt engine. We put a new transmission in it before Christmas while I was still working. I am at home now and use the van primarily for carting the kids to the store and to the pool, etc. My husband has the "I want a "new" car urge and keeps talking about using my van for a trade-in. We figure that we could "afford" payments of $200.00 a month but that would be all of our discretionary budget. How do we decide which is the best use of our money? Fix the old or invest in a newer vehicle? MichelleRaytown, MO

A. There are several questions to consider. I doubt that you can get a brand new car for your trade in plus $200 payments, so you will probably get another used one. Is that going to be any better than the one you have? Do you want to have NO ... Read the entire article.

This website is sponsored by The Herbs Place, distributor of Nature's Sunshine herbs, supplements, essential oils and more at wholesale prices everyday.

No comments:

"Simplicity of living, if deliberately chosen, implies a compassionate approach to life. It means that we are choosing to live our daily lives with some degree of conscious appreciation of the condition of the rest of the world." Duane Elgin

"Do what is good with your own hands, so that you might earn something to give to the needy." Ephesians 4:28