Lindsay Lohan wrecks another expensive car.
#46
In California you don't need insurance, you have the option of buying a bond. If you have the money you can do it. Lots of CA laws you can avoid if you're rich, look at Steve Jobs, he bought a new exactly the same Benz every 6 monthes so he never had to put plates on it.
#47
Lexus Fanatic
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I drove used cars for some years, and was well into my 20s before I bought my first new car.
Last edited by mmarshall; 06-21-12 at 09:10 AM.
#48
Lexus Test Driver
I imagine I'll be well into my 40's before I buy my first brand new car. I really don't need one and can't justify the depreciation expense associated with it.
I can tell you that when the day comes that I buy one new, I plan to prepare 5 years in advance for it. Rather than take out a 3-5 year loan on a car, I want to put that same monthly amount into a bank account every month and let it accrue interest for me for the 5 year period. Then I can go buy a car in cash AND have money for mods
I can tell you that when the day comes that I buy one new, I plan to prepare 5 years in advance for it. Rather than take out a 3-5 year loan on a car, I want to put that same monthly amount into a bank account every month and let it accrue interest for me for the 5 year period. Then I can go buy a car in cash AND have money for mods
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