Comparing the cost of new and used cars

Author channel Bank of America   4 год. назад

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Imagine winning a free, all original, 1957 Plymouth Belvedere classic car with only 4 miles on the odometer that is interwoven with the local culture and heritage. Sounds amazing right? Ok here's the catch, the car doesn't run, is held together only by rust and mud, and has spent the last 50 years buried in a waterlogged concrete vault. Who put it there and why? Let's find out. Unusual Cars -

How to Spot a dealership scam when shopping for a new car or truck.

SUBSCRIBE and help me reach 100,000 subscribers! If you want to see more videos like this make sure to click the like button! Let's aim for 1,000 likes 60,000 views! (share this video) Get your Chevy Dude Merch: World record Burnout Sunday, June 10th: Support my channel when shopping at Amazon. FOLLOW ME on INSTAGRAM: @Louisville_Chevy_dude FOLLOW ME on TWITTER: @ChevyDude ADD ME on SNAPCHAT: mikedavenport LIKE ME on FACEBOOK: FACEBOOK Fan Page: LINKDIN: Skype: LvilleChevyDude SEND ME MAIL for a shout out in my next video!! Chevy Dude P.O. Box 99272 Louisville, Ky. 40269 You can contact me for sales related inquiries at or my personal cell 260-602-1207 call/text anytime #Chevrolet You can contact me for sales related inquiries at or text 502-804-2212 anytime.

Which is Cheaper: BUYING or RENTING a house? (DEBUNKED)

Which is actually cheaper, buying or renting a house? Lets crunch the numbers to determine which is actually less expensive, and which factors to consider to determine which is right for you. Enjoy! Add me on Snapchat/Instagram: GPStephan Join the private Real Estate Facebook Group: The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: I think there’s a common misconception that buying is always the better choice, and that renting is just throwing money out of the window. But you can’t deny that many high-profile people just end up renting their homes…why is this? Lets first start with owning a home. Many people just look at the cost of rent, then look at the mortgage payment - see it’s maybe a little more, but think “I can own this for just a little bit more, buying is a waste!” However, the actual cost of owning is home is much greater than just your mortgage payment. You also have property taxes, insurance, and repairs to take into consideration - not to mention the opportunity cost of the money that you invest into your home. Purely for cash flow purposes, renting is usually cheaper. Even though you don’t get the tax benefits of owning, usually renting and investing elsewhere is cheapest month-to-month out of pocket. Not only is it “cheaper” for cash flow purposes, but you have the mobility to pick up and leave when your rent is up. You’re not responsible for maintenance. You don’t need to bother selling it when you’re done. You just pick up and go. You can also invest your money invested elsewhere, potentially making you even more money. But in terms of NET cost over 7 years, the lease will cost you MORE than owning a home, realizing the tax benefits, seeing some appreciation, and paying down your loan. So what’s the advantage of renting? First of all, this assumes the market goes up over 7 years…if the market is about the same price or drops, you’ll actually come out AHEAD by renting. You’ll also come out ahead by renting if you can make more than a 12% return on your down payment elsewhere. You’ll also come out AHEAD by renting if you’re only going to live in the home for 1-3 years and plan to sell it, unless you get lucky with a rapidly appreciating market. So it takes a lot of averages and assumptions to really decide which one is better. The biggest downside I see with buying is that it ties up capital that COULD be deployed in a business that would generate higher returns. For someone who only wants to buy an live there a few years and sell, it’s dangerous to assume the market will continue going upward in a short period of time. So the “cost” of renting is sometimes much cheaper than just owning the home for a few years. BUT….for those who plan to live in their home for more than 7 years or so, generally speaking buying is better. You basically lock in your cost of ownership by buying - you won’t have rent increases, you won’t have a landlord telling you what to do, and you have total control over the property. You also get the tax benefits of owning and you can build up equity in an appreciating asset. However, you’re tying yourself down and if you decide to sell after a year or two, you’ll likely take a loss unless your market appreciates in price enough to make up the closing costs and commissions. But long term, owning will be cheaper if you intend to live there long term. So like I said, determining which is cheaper really depends on quite a few variables - short term, it’s generally better to rent. Long term, generally better to own. And the longer you stay in a property, the more it usually makes sense just to own it. For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at Suggested reading: The Millionaire Real Estate Agent: Your money or your life: The Millionaire Real Estate Investor: How to Win Friends and Influence People: Think and grow rich: Awaken the giant within: The Book on Rental Property Investing: Favorite Credit Cards: Chase Sapphire Reserve - American Express Platinum -


Get this book: Here is my Rich Dad Poor Dad Summary How to become wealthy using the principles from the book, "Rich Dad Poor Dad", by Robert Kiyosaki. This animated book review offers the basic principles that you need to become rich and wealthy. It should be obvious that you'll need money to do this, but this is great wisdom from a very wealthy man. This book is mostly geared towards real estate investors, but you can adapt the fundamental money management principles to your own unique lifestyle. I hope you enjoy my summary of Rich Dad Poor Dad.

7 Driving Habits That Ruin Your Car and Drain Your Wallet

How to drive a car easily and safely? How to brake smoothly? Here are a few simple driving hacks and secrets you should know to drive your car like a pro. Have you already been driving for many years or are you just starting to drive? This activity can be both exciting and exhausting. Of course, firstly it depends on road conditions. However, there is one more important thing to be considered while driving – the behavior of your car. The longer you own a car; the more driving habits you acquire. Unfortunately, not all of those habits are good ones. Moreover, the more experienced you become, the harder it is to break them. And very often those habits can affect the condition of your car. We decided to compile examples of unwise driving behavior. TIMESTAMPS Resting your hand on the gear stick 1:09 Refueling only when the tank is almost empty 2:13 Frequent braking 3:04 Ignoring suspicious sounds 4:26 Neglecting to use the hand brake 5:50 Running a cold engine at high revs 6:34 Keeping your foot on the brake while driving downhill 7:17 SUMMARY - Whether you own an automatic or a manual car, a transmission that is not working correctly can cause serious problems both under the hood and out on the road. Moreover, transmissions are very complex, they have many moving parts, ignoring this bad habit can easily bring you to huge expenses for a transmission repair. - The dirt gets into the filters and the pump causing damage. The purpose of the latter is to get fuel from the fuel tank and deliver it according to the demand of the engine. During winter months, be sure to always leave the tank at least half-filled with fuel to avoid the formation of large amounts of condensate. - To avoid unpleasant accidents, remember to promptly change the brake hoses and keep your eye on the brake fluid level. Keep in mind that braking is another skill to be mastered; it takes a certain skill level to do it correctly. - Please use the following steps to safely move your vehicle away from the highway and to avoid the possible danger. Firstly, pull over to a safe spot. Don’t hesitate to ask for any possible assistance because the process might not be that easy as it seems. And remember to switch on the hazard lights. If the car has completely broken down and you cannot start it, just push it to a safe place After, try to diagnose the issue. - To successfully park on an incline, hold the foot brake and shift into "park." Then pull the hand brake, and only then slowly release the brake. It doesn’t really matter if your car has a manual or an automatic transmission, car manufacturers recommend the use of the parking brake to immobilize any parked vehicle. - Most modern engines don’t need warming up. However, it is worth remembering that until the gauge indicates operating temperature one shouldn’t run the engine at more than 2,000 revs. In freezing conditions, it is advisable to keep the engine running for 1-2 minutes before pulling away. - The proper thing to do is to shift to a lower gear and initiate engine braking, which helps to reduce the use of normal brakes. It works by reducing the speed of the engine, which means that the speed of the vehicle reduces too. The aim is to prevent the vehicle get a too fast speed, especially while going downhill. Subscribe to Bright Side : ---------------------------------------------------------------------------------------- Our Social Media: Facebook: Instagram: 5-Minute Crafts Youtube:  ---------------------------------------------------------------------------------------- For more videos and articles visit:

Choosing between a new or used car may not be as simple as it seems. Find out what matters beyond simple sticker price. To learn more and to see more videos, go to

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