Kyles Corner (FYI) Learns Something New
Do you lose money on vehicles? It is a fact of life, you lose money on vehicles. Case closed!
No, I beg to differ. The differ is not to say that you will not lose any money on transportation, but that you can lose substantially less money and drive a great vehicle in the process.
Meet Mark. He’s a school teacher and a very sensible guy. He knows how much money he earns each month as his job pays him a steady salary. He also knows how much he spends each month, and he pays off his credit card bill each month to avoid paying late amount of money into his pension plan monthly and he saves some money for the proverbial “rainy day.” So far, it sounds like Mark is on a winning road with his finances!
But what does Mark do with transportation? Well, he always buys a new sedan every three years. He says that he likes to always be in the manufacturer’s warranty because when a vehicle is out of warranty, that’s when things start to “go wrong.” Indeed, things “go wrong,” but much sooner than Mark realizes!
Considering the reliability of today’s vehicles, and especially with the best rated vehicles, major repairs after a three or four-year warranty period are not really much an issue. Ok, if this “go wrong” is not an issue, what is? The “go wrong” is the moment Mark drives the vehicle off of the new car dealer’s lot.
You might think that Mark is being very sensible in that he is not driving an outrageously expensive vehicle as his sedan costs about $23,000. Mark’s vehicle is not overly fancy, however, it is shiny and new, it has that great new car smell, and he bought it from a man wearing a sharp looking suit.
There are many pluses - sensible vehicle, shiny and new, vehicle aroma, sharp dressed deal closure, etc. There is one minus however, and that involves how much money Mark is losing.
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