![]() The next issue is the definition of reasonable fuel economy. So let’s not call it a “paid off” car, let’s just call it a “car”. But the finance status has nothing to do with whether or not you’re driving the right car. If you DO have a loan, go ahead and work on that debt emergency. ![]() ![]() Of course YOU don’t have a car loan, and you buy and sell your cars in the private market, miles away from the stealerships right? That’s an old argument left over from the days when people “financed” cars, and then eventually donated them back to the dealer for a tiny credit towards another financed car in a tragic move called the “trade in.” “Well, it’s paid off, so I should keep it forever now, right?” But far too often the error never gets fixed, because people don’t do the math for themselves. It is always nice to hear people asking this question, because it means one of the biggest financial mistakes in the lives of most people – a ridiculous vehicle choice – is up for reconsideration. What should I do – suck it up and live with my past choices, or fix it? ![]() But it’s paid off, and I’m not sure if I should go through the expense and/or hassle of switching vehicles. But I’m still stuck with the relics of my un-Mustachian past, like my trusty (Full-sized 4×4 Pickup truck with V8 engine, Toyota 4Runner SUV, Land Rover LR2 Fake Executive Luxury Truck, etc). I’ve only recently discovered your blog, and I have decided to change my ways for the better.
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