Used and the $100 car

 

 

 

 

 

 

 

 

 

My parents taught me the value of a used purchase

by purchasing a $100 used car  when I was a teenager. 

Even in the 1980's this was an amazing deal although I was very embarrassed to be seen in the yellow Ford.

It certainly wasn't a Porche, but it ran very well

and we kept it in the family for about two years.

It allowed my Dad  to use some much needed cash to

invest in low-income housing throughout several neighborhoods.

Additionally that car served to inspire me to look for good deals in every facet of my life. 

Although buying a used car for $100 may seem far fetched there are many areas where buying used can keep much cash in your pocket.

Case Studies:

1. Couch (new) $1,200 in 2000  

     Couch (used)  $0 in 2010

 

2. King Mattress (new) $350 in 1999  

     King Mattress (used) $200 in 2012

 

Beds, clothes, furniture, cars, electronics, and houses

are a few of the categories where buying used can cut your

expenses by 80-95%.

 

 

 

 

 

Photo courtesy of M-Pic

Comments

[Ford Orange County]

It's nice to be frugal but also nothing wrong with getting a part time job and buying something a bit nicer. Many teens have p/t jobs and save up for the car they want.

[Ryan]

You're right. Frugal doesn't mean cheap. It is getting the most enjoyment out of every dollar we have. A $100 car or a $25,000 car may be the best option given the person and situation they are in. Frugality is about options and your option is a good one.

[Ivo Beutler]

No wonder frugal people usually succeed in the end: because they are responsible in spending their money. A thrifty person can balance price and quality in buying his/her needs. For example, when it comes to cars, it is important to find a meeting ground between the price tag and the durability of the vehicle.

[Ryan]

Sounds like you understand natural laws very well.That balance between price and quality is so crucial. Thanks for your comments. And please comment on any posts you feel could be bettered by your thoughts. Also feel free to share the blog or subscribe.

Ryan

[www.caicoswheels.com]

So was I, and I found the #1 place on the internet to search for and bid on used cars. This is absolutely the BEST place online to find exactly what you are looking for, many times for just pennies on the dollar.

[Clickablecars.com]

It is also good to purchase used car especially if you buy it in cheap price and this time it is now easy to purchase a car if you have a car loan.

[Theresa . Whitten]

Thanks for sharing out this content it are really fastidious.
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[goodwheelscredit.com]

This is a response to the first commenter, there's nothing wrong with saving more money and purchasing something "nicer", but I think it's a matter of priorities. If at the moment I need to buy a car and pay for my dog's surgery, I would probably rather buy a used car in good shape, and save the money for the more important thing.

[Cecilia]

You have some great points here! I am a big advocate of buying used when you can, especially with cars. My husband and I have been looking for awhile, and we finally got 2 awesome used cars for ourselves. They aren't brand new, but they are like-new! We are so excited. Thanks for sharing.

[Renton Auto Service]

You're so frugal. I admire you for that.

Thanks for sharing your story. :)

[Used Cars Belleville]

It's definitely smart to live below your means and buy used whenever possible. Cars also depreciate in value quick so used is generally smarter financially.

[Used Cars Fargo]

It's probably near impossible to find a $100 car nowadays but there are plenty of good deals to be had if you search around.