Monday, January 28, 2008

I Have Made My Decision

I am buying a 2008 Toyota Corolla. It is my commuting vehicle and it is great on gas. Like I had said before, downsize if you are looking to make millions. A car is a vehicle from point A to B. It isn't an investment. Once you get the money, then you can spend it on a treat for yourself.

With this car I will be incurring some debt. It is "bad" debt because it is on a car which will only depreciate. However, I feel that subsequent car purchases I will not be putting this much into financing.

It is a steady road, you will have to make sacrifices, but you will soon reach financial freedom.


Moneymonk said...

Wow, we was just speaking about cars. As long as you can afford it. Who cares!

Ryan said...

I agree. I only suggest to downsize to help getting the ducks in a row to purchase that nice gift to yourself.

Ms. M&P said...

That's a great car. They're solid and you can run them into the ground. For cars, I think that's about as good a buy as you can get! Congrats!

Ryan said...

Thank you. It is a nice dark gray one. I am hopefully picking it up today.