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Money-$aving Tip
Would you like to know how to buy your next car for cash or avoid those pesky car payments? I sheepishly admit that my wife Cathy and I bought or leased TEN NEW VEHICLES in ten years. This was before I learned Biblical financial principles dealing with how to use God’s money, particularly about being a cautious debtor. Today we have two reliable vehicles and no car payments! It’s just one step closer for us, on the road to financial freedom.
Here’s a simple explanation. Statistics show that most people trade in their cars after four years. The average reliability of a car is up to12 years. That means most people have up to eight years of reliability at the time of trade in. Rather than trading it in, keep it. When it’s paid for, deposit the amount of the monthly payment into a savings account. After several years you’ll have saved enough money to buy a reliable low-mileage car with cash!
Submitted by Pastor Chris