I HACKED MY CAR COSTS TO THE RIDICULOUS! FIRE FINANCIAL INDEPENDENCE RETIRE EARLY

 

 

Here's my car story and strategy. 

 

Bought $400 17 years later, sold $500

 

Bought $350 17 years later sold $500

 

Bought $2500 10 years later sold 0

 

Bought $600 one year later engine blew 0

 

Bought $300 engine blew up 0

 

Bought $300 3 years later sold $400

 

TOTAL 48 years of running cars

for a total purchase cost of $3050

 

for a yearly cost of $64.00 per vehicle cost, not including maintenance.

 

My intentional goal at this price juncture was specifically to not be so attached to the vehicle by way of initial investment, that I couldn't just scrap the vehicle when it needed a major repair.

 

This is the most important point.

 

 This is how I avoided major repairs. If the vehicle blew up, It was scrapped. 

 

Overall my plan held up pretty well over the years, even when the failures are added in. That's cool.

 

If a car lasted me only one year and I paid six hundred that was ok with me, it was not considered a failure. 

 

 The only actual failure was the one that I bought for $300 and never got any use out of it and sold it at a loss.  Overall though you can see that the story is a amazing success.

 

This is just my story, and I'm not trying to best anyone, Everyone's story is particular to them and is different. I'm initiating a conversation.

 

What is your car story and strategy?

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