I love cars and probably always will. I'm not the type of car guy that's going to get my hands dirty enough to change an oil or do some DIY repairs, but put me in car museum or show me a nice restomod piece of machinery art, and I go nuts. Buying used cars is one the most taught lessons in personal finance, and I apply this rule to my life. By the time I was 27 years, I had already gone though 8 used cars.
I'm not sure when my passion for cars started, but it's probably from a combination of a series of events. It might be from when I was playing with toy cars at a young age, or when my dad used to put me on his lap as he drove around in his 90's Peugeot hatchback. Maybe it's from the memory of 13 year old me walking to the grocery store with my mom in the freezing cold because we only had one car and my dad took it to work. When I was younger, I used to tell myself as long as I had a car, I was winning in my life. I've gotten cars from Craigslist, dealerships and from friends. I've even bought one on Ebay and had it shipped to me.
Every single used car I've bought has needed work ranging from major mechanical repairs to simple tire replacements. Before I act now, I make sure to have at least $2000 to cover initial repair costs and to research any issues that specific make and model is known to have. I would have saved a lot of money and headache had I trusted my research. As I've gained more knowledge and awareness, I now plan to keep cars longer than just a few months and to pick good reliable brands. I mean, there were two instances when I had 2 cars just so I could brag about having 2 cars. I now know that excess kills budgets and I have better things to spend money on than on used cars. Buy all the used cars, but be sure to do the research and negotiate well enough to leave room for some repair buffer. How has buying used cars gone for you?