Page 19 - Solo di Pueblo
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Diabierna 23 October 2015                                                                                                  Pagina 19

 Solo di Pueblo... Noticia Local

Here's Four Reasons Why You Should                                                          the west coast readers, is     paying for all of that out
Never, Ever Finance A New Car                                                               like Del Taco, but edible),    of pocket -with 2 years of
                                                                                            with the average warranty      payments left to go, which
Owning a desirable car         the gratifying feeling of      me your ear, I'll yell in     edging it out in longevity,    at this point, is money that
is a rite of passage that      satisfaction and status        it about how that is the      but only just. As we learned   might as well be placed on
nearly every adult hopes       that drives most people        dumbest idea ever.            above, the average car loan    the surface of the sun.
to experience at least         to finance new cars.                                         length is around 5 years,
once in their lifetime. It's   However, if you can lend                                     or 60 months. The average      In addition, the "free
                                                                                            warranty on a new car is 3     maintenance" gimmick that
4. It's A Horrible Investment.                                                              years, or 36 months. This      dealers pull to get people
                                                                                            means that for the average     into tens of thousands in
Buying a new car               $1500 cash back offer, by      meal deal at KFC - which      new car owner, if some         debt doesn't save you much
in general is a bad            either artificially inflating  had people waiting for        electrical component fails     in the time it's enforced,
investment, and just like      the price to reflect the       hours for what amounted       on their car, allowing the     with the larger, more costly
most bad investments,          change, or just making up      to fried chicken paste and    horn to blare uncontrollably   repairs to come afterwards,
it's driven specifically by    for it in "optional extras"    an open invitation to type    at 3 AM, and they're on        and more importantly, out
emotion. That's why all        that are surprisingly now      2 diabetes - giving people    month 37 of ownership, take    of your pocket. But if new
the advertisements for         mandatory.                     free stuff will get butts in  a wild guess who has to take   cars are such a waste of
new cars try to entice you                                    seats, no matter what it      their loud-ass nightmare to    resources, used cars have
with the amazing driving       Car manufacturers, as          actually costs them in the    the dealer and scream the      to be much worse, right?
experience, some new           a rule of thumb, aren't in     long run.                     problem at the service tech    Well, it just so happens
feature you have to have,      the business of taking                                       over the ear-piercing wail of  that...
or they try to circumvent      losses on cars, and they                                     a car alarm, while retaining
your logic by following the    don't give you rebates                                       all of the privileged fun of
age-old formula of "give       because they love you.
out worthless for free",       They understand that just
like a dealer giving a         like Oprah's $2.99 free

3. You Don't Actually Own The Car.

Ownership is an                volleyball and mysterious
interesting concept. It        suitcase, or for any
basically means that           other reason miss your
something becomes your         scheduled payments, the
property based on the fact     bank or dealership will take
that you legally acquired      back the car without your
it. The problem is, when       consent, using exactly
you agree on loan terms        the methods that car
with a car dealer or bank,     thieves use, and they are
you're paying them for the     well within the law to sell
privilege of using their car   that same car on their lot
until you've paid enough       immediately afterwards.
to satisfy the loan. You       What's even worse is
can check this by looking      that the Destiny's Child
at the car's title - which     Anthology that you had in
should have the bank's         the backseat of your newly
name in black and white        repossessed car is now in
letters in the "Lienholder"    the trash, courtesy of the
part. If you get laid off,     judgmental, minimum-
experience a financial         wage service department
emergency, get stranded        trainee. But seriously,
on a deserted island for       Karen, who listens to CDs
4 years with nothing but a     anymore?

2. Your Warranty Will Likely Run Out
Before Your Loan Payment Schedule
Does.

Most people buy new cars       with the heater on full. It's
because they don't have        a lot to handle, honestly.
to deal with the headache      People want the peace of
and uncertainty of used        mind that comes with the
car history. I'd imagine it    new car smell and a factory
would be a fair bit easier     warranty.
to manage my life if I didn't
have to worry about if the     It's unfortunate that neither
previous owner of my car       stays around for very long.
was an elderly hirsute         The new car smell goes
nudist that loved to practice  away after 2 hearty trips
cartwheels in the backseat     to Taco Bell (which, for
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