Hybrid Car – More Fun with Less Gas

A bunch of questions - Page 9

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Posted by Bill on July 8, 2006, 1:53 am

Great!  Yep, all one has to do is postpone the purchase of that first car
and make every payment to themselves faithfully thereafter.  It's not that
easy with a house, of course, but I only borrowed money against the first
one, invested some energy, made a nice profit and paid cash for every one
after that.

Posted by Cathy F. on July 8, 2006, 2:40 am

I understand the wisdom & workings of this - but.... how does one postpone
the purchase of a first car?  If living in a metropolitan area that has good
public transport, yes, possible.  But otherwise... ?

When I read the first post, re: having had no car loans & saving faithfully
for each car, I thought: "Okay, but how about the very first one - there's a
huge sticking point."  Starting out w/job & making small salary, maybe
paying off student loans.... an accomplishment to pay the rent, groceries, &
utilities - no available lump sum big enough to purchase a car sans a loan.


Posted by Michael Pardee on July 8, 2006, 3:41 am

We went through a long period when the tax man thought we were rich but we
could barely afford to feed our family - $5 for a month's groceries for a
family of 4 is tough. There is no way to go through a period like that with
the "pay yourself" plan - we couldn't afford to operate a car, much less
make payments. We had been married ten years before we made car payments at


Posted by Bill on July 8, 2006, 3:59 am

For me it was a combination of life choices.  Enlisting in the military made
a car unnecessary while saving money.  The subsequent college years were the
toughest financially but postponing marriage and children got me through

Posted by Michael Pardee on July 8, 2006, 4:08 am

I don't think there was ever a time we would have been ready for our first
child. He had a constellation of medical problems, but the asthma was the
most troublesome. The out-of-pocket expenses consumed a quarter of our gross
income (more than our house payment and food budget combined; only taxes
were a bigger part of our expenses) until I got a second job and changed my
first to a better paying job. When he was 12 he spent 5 months in a hospital
in Denver, and seeing the bill with my name at the top and $00K at the
bottom was an unpleasant experience. Paul Harvey quotes somebody whose name
I didn't recognize: "Having children makes us all hostages to Fate."


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