Tag Archives: Debt free

200,000 miles!!

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I am proud to say that our car has made it to the 200,000 mile mark.
Now I pray that God will help it to make it to 300,000 miles and beyond.

This Ford Taurus and our middle son are both 14 years old.
We bought it 3 weeks before he was born.
It’s been nicknamed “The Big Red Car” for a long time now thanks to The Wiggles.

I would be awesome if this car could stick around long enough to help our kids through high school and college. Oh the stories it would be able to tell.
I lay my hands on the dash just about every day and ask God to help it last another 10 years.

Why am I so excited about a 14 year old car hitting 200,000 miles?
Because I have no car payments and do not ever want one again.
We have been driving this car for over 10 years now debt free and that is why I thank God every day for making it last. He is good!

Do you have a car that has made it to the 200,000 mile mark or beyond?
Please share your story by commenting below.
What kind of car is it?
How old and how many miles?

We will be looking for another used car soon as our kids make it to driving age and would love your recommendations.

Thank you.

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The Easiest Way To Save $220,000 plus in Your Lifetime

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The average american buys a new car every 5 years.
As I write this in 2013, the average new car price is $30,000.

Let’s assume that your car buying years are from 20 to 75.
75 minus 20 = 55 years
55 divided by 5 = 11 times that the average person buys a new car
11 times $30,000 = $330,000

What if instead of buying new, you bought used and payed $10,000 every 5 years for a car…
11 times $10,000 = $110,000

$330,000 minus $110,000 = $220,000
This is the amount that you could easily save by buying used instead of new.

Cars are a terrible investment of your money.
Only purchase what you need, not what you want.
This number could be much higher if you can hold onto your car for even longer than 5 years or pay less than $10,000 each time.
I have had my Ford Taurus now for 13 years. It is as old as my middle child.
I hope that it will last 10 more years or at least until I can pass it on to him.

Are you buying used or new?
Anyone thinking they’re beating this number?

Please share your thoughts in the comment section below.


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