Car Purchase

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.

M Does Scripture talk about your car?  Yes, Proverbs states that if you don’t have an ox, you won’t have crops. 

For some a car is a necessity.  Ox needed to be maintained, so do cars.

V Let’s talk about purchase price.  New cars mean that when you drive it off the lot, the value goes down significantly. Used cars avoid that but that means do your homework on that car.  Where do you get the money?  If at all possible, buy with cash.  If you finance a car you are lighting a match to the interest you pay.  Also consider insurance and gas costs.

M New does not mean safe.  Research problems and repair records before you choose. Your ‘ox’ need not be beautiful, but it needs to serve your purposes.