I have been a straight up idiot most of my life with respect to vehicles. Bless my wife for putting up with it all. November 2018 I finally got a clue. As I write this I am holding both titles to both of our vehicles. It’s the first time in my life I have held a title and it is completely mine. Exciting moment indeed!
Here is a recap of my relationship with autos and honestly the completely wrong way to do it.
owned driven 6 different cars or trucks in my life. 6!
I’m 33 by the way. This number doesn’t even include the 2 we own now.
The only halfway decent situation was when I 16. Worked two summers and managed saved $3,500 to buy my first car, Dad picked up the rest of the tab. It was a
A quick list of the stupidity:
- 2003 Celica: I wanted to be in the Fast & the Furious.
- 2005 Ford F-350: thought I’d use it for landscaping, total waste of money
- 2002 Subaru WRX: reliving my F&F days?? Waste of time and money.
- 2011 Subaru Legacy: thought I would travel for work more than I did (I am a sales rep), never did.
- 2012 Subaru WRX: worst of them all… this one was new.
That new car purchase makes me feel bad. I knew how dumb it was to buy a new car. Still did it anyway. It was a lessoned learned though. The internal justification to why that was a good move is another post altogether
My current whip is a 1991 Ford F-150. Cost me a total of $3,800 taxes and all. Wifey drives a 2012 Subaru Impreza we bought a few years ago, a stick shift I might add. Both are exactly what we need.
In November last year, I had the awakening and decided to pay off both. Still owed around $7k on the Impreza and $1.8k on the truck. Yea, I financed a sub $4k auto loan (insert sound of hand smacking forehead). Look, I haven’t made the best financial choices in my life, otherwise, I wouldn’t be writing the blog.
Paid off $8,800 in little under 4 months and with the value of the autos, it added around $10k to the net worth bucket.. hellz yea. It felt good doing it too.
The need for speed or the next big shiny toy is dumb AF!
ot to mention all the “upgrades” I had to have to be cool. Do you know what is really cool? Owning your cars outright.
So that’s all. Was meant to be a shorter post but I ramble. I will do a post soon about why you should buy an old truck. The side hustle opportunities are so choice.
Anyways, no blame-no shame right? Thanks for reading and… just shut up and save money.