Paying cash for a vehicle is possible
May 9, 2007 by kellys
Filed under budget, financial matters, frugal living, shopping
I love the idea that you don’t need credit to buy some of the bigger ticket items like cars. Think it can’t happen? NCN over at No Credit Needed has a very reasonable plan to replace his vehicles at about the time they would need replacing anyway. The kicker is that he pays cash for his vehicles and he isn’t even a rich millionaire. He just knows how to budget his money. I love his plan but it takes commitment both financially and from your spouse. So it is not for the faint of heart. Check him out and let me know what you think. I have been inspired since I am going to be in need of a mini van sooner than expected. We probably won’t be able to pay cash for the next vehicle but possibly the one after that. His formula seems reasonable.
