Comments on: Personal Expenses Mangement – Eight Things You Should Not Buy New http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Fri, 20 Nov 2009 20:48:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Kevin http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-2/#comment-32679 Kevin Fri, 03 Jul 2009 12:27:46 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-32679 Terrible advice in this article. No mention of the dangers and downsides of buying things used. Terrible advice in this article. No mention of the dangers and downsides of buying things used. ]]> By: Arlene D http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-2/#comment-31375 Arlene D Wed, 20 May 2009 21:30:56 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-31375 Another good source of upscale used clothing is at resale shops, particularly those that send the profits to a charity such as The Unicorn in San Jose, Ca which supports a facility that helps those with psychological and educational problems Another good source of upscale used clothing is at resale shops, particularly those that send the profits to a charity such as The Unicorn in San Jose, Ca which supports a facility that helps those with psychological and educational problems ]]> By: seamus http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-2/#comment-30117 seamus Tue, 07 Apr 2009 18:39:09 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-30117 My wife and I own two '99 cars, both purchased used for a <b>total</b> of $20,000, cash. If we'd bought them new, we'd have paid $40,000, and we'd have financed them. We bought reliable models so they don't require many repairs beyond scheduled maintenance. A $100 repair here and there is significantly lower than then the depreciation and interest we'd have experienced. No, they won't last as long, but I've run the numbers and we come out way ahead. Car companies and dealers charge a substantial premium for the intangibles of owning a new car. If you don't care about those intangibles, you're always better off finding a gently-used car. My wife and I own two ‘99 cars, both purchased used for a total of $20,000, cash. If we’d bought them new, we’d have paid $40,000, and we’d have financed them. We bought reliable models so they don’t require many repairs beyond scheduled maintenance. A $100 repair here and there is significantly lower than then the depreciation and interest we’d have experienced. No, they won’t last as long, but I’ve run the numbers and we come out way ahead.

Car companies and dealers charge a substantial premium for the intangibles of owning a new car. If you don’t care about those intangibles, you’re always better off finding a gently-used car.

]]> By: Facebook User http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-2/#comment-29514 Facebook User Mon, 09 Mar 2009 13:37:47 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-29514 Yep, I've purchased two new cars in my lifetime, and never will again. The value gained by shopping around and locating the best price on a used car, compounded with allowing the first owner taking the hit on the depreciation really makes used cars a perfect opportunity. ... and be sure to drive 'em into the ground. Yep, I’ve purchased two new cars in my lifetime, and never will again. The value gained by shopping around and locating the best price on a used car, compounded with allowing the first owner taking the hit on the depreciation really makes used cars a perfect opportunity.

… and be sure to drive ‘em into the ground.

]]> By: Eric http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-2/#comment-28975 Eric Mon, 16 Feb 2009 22:44:22 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-28975 Very random comment, but I just wanted to point out that we have Amoeba here in LA too. Very random comment, but I just wanted to point out that we have Amoeba here in LA too. ]]> By: civic http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-1/#comment-28672 civic Wed, 28 Jan 2009 18:22:20 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-28672 I would buy a new car if you plan on driving it until the wheels fall off. I bought my first car brand new in college. It was a 2000 Honda Civic EX coupe, plus I got it for less than invoice (it was a newspaper ad car, you know how its 1 or 2 at this price). I was able to pay cash out the door and it been reliable 9 years later. I see no problem with this car going another 10 years since I only have 70k miles on it. I just love my car. The memories with my car is priceless. I just hope it doesn't get stolen or totaled in an accident. I would buy a new car if you plan on driving it until the wheels fall off. I bought my first car brand new in college. It was a 2000 Honda Civic EX coupe, plus I got it for less than invoice (it was a newspaper ad car, you know how its 1 or 2 at this price). I was able to pay cash out the door and it been reliable 9 years later. I see no problem with this car going another 10 years since I only have 70k miles on it. I just love my car. The memories with my car is priceless. I just hope it doesn’t get stolen or totaled in an accident. ]]> By: Abbey http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-1/#comment-28466 Abbey Tue, 13 Jan 2009 01:27:49 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-28466 Craigslist (www.craigslist.com) is fantastic for finding good deals on used stuff. It's also nice because you don't have to deal with shipping. USED CARS: I have a friend that works for 3 or 4 used car places and has told me to never buy a used car from a dealer. Their markups are huge! @Bryan, James, Angela - Ripping a CD and selling it, or making a copy and giving it to a friend are both illegal. When you purchase music, you are paying for the right to "use" it. So, it is perfectly legal to rip CDs and have a digital copy while you own them, but once you sell them, you are selling your rights to listen to the music. Similarly, burning a copy of your music and giving it to someone is "stealing" the use of the songs for someone who didn't pay for it. It's just as illegal as free downloading, but they don't make as big of a deal out of it because 1. it's harder to catch and 2. abuse by individuals is typically much more severe with illegal downloading. I think it's one of those things that is so common that they don't bother trying to fight it (I will burn the occasional CD for my friends too). But, I wouldn't advertise that you are have thousands of dollars worth of illegal music. Craigslist (www.craigslist.com) is fantastic for finding good deals on used stuff. It’s also nice because you don’t have to deal with shipping.

USED CARS: I have a friend that works for 3 or 4 used car places and has told me to never buy a used car from a dealer. Their markups are huge!

@Bryan, James, Angela –
Ripping a CD and selling it, or making a copy and giving it to a friend are both illegal. When you purchase music, you are paying for the right to “use” it. So, it is perfectly legal to rip CDs and have a digital copy while you own them, but once you sell them, you are selling your rights to listen to the music. Similarly, burning a copy of your music and giving it to someone is “stealing” the use of the songs for someone who didn’t pay for it. It’s just as illegal as free downloading, but they don’t make as big of a deal out of it because 1. it’s harder to catch and 2. abuse by individuals is typically much more severe with illegal downloading. I think it’s one of those things that is so common that they don’t bother trying to fight it (I will burn the occasional CD for my friends too). But, I wouldn’t advertise that you are have thousands of dollars worth of illegal music.

]]> By: Dustin Smith http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-1/#comment-28315 Dustin Smith Tue, 30 Dec 2008 21:45:47 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-28315 I'm glad they didn't say tv's. I just bought my first tv in 8 years. I got it at 300 dollars off the normal price. I’m glad they didn’t say tv’s. I just bought my first tv in 8 years. I got it at 300 dollars off the normal price. ]]> By: Buy Trash; Get Trash http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-1/#comment-28305 Buy Trash; Get Trash Mon, 29 Dec 2008 03:06:26 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-28305 When you buy a new car, you are paying for the security that your car is going to start every time. Dan, Stop buying used American garbage !!! Buy reliable imports and your 20 year old car will ALWAYS start!!!! When you buy a new car, you are paying for the security that your car is going to start every time.

Dan,

Stop buying used American garbage !!! Buy reliable imports and your 20 year old car will ALWAYS start!!!!

]]> By: KCT http://www.mint.com/blog/moneyhack/personal-expenses-management-buy-these-products-and-save/comment-page-1/#comment-28095 KCT Sat, 13 Dec 2008 22:26:18 +0000 http://www.mint.com/blog/moneyhack/buy-these-products-and-save/#comment-28095 To save on takeout, cook at home. Try potluck as an alternative to dinner parties... Instead of cooking for everyone, get everyone to bring a dish. To save on takeout, cook at home.
Try potluck as an alternative to dinner parties…
Instead of cooking for everyone, get everyone to bring a dish. ]]>