21 Things You Should Never Buy New

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I've rehabbed and flipped homes since 1986. Older homes do not have the green technology. The last house I bought brought me $300 water & light bill. The next month it was $400 mth. The last bill was $500 mth. I live alone and no, nothing was leaking. Older homes are just not up-to-date with the new technology. My present new home just brought me a $36 light bill for last month. Water is $21 every other month. My highest c/a bill was $61 month. My total light bill for the whole year was $441. Utility bills are just money that you're giving away. It's not tax deductible, and it won't bring you a higher selling price.
Same with car payments. I buy all my cars for cash at the police & Federal seizure auctions. Never have a car payment. My last purchase was a a very popular newer SUV. It only needed a new rear axle (broken in the police chase). Drug dealers have wonderful, expensive cars, and if you go to the police auctions, you can buy them for next to nothing (Mercedes, etc). One man here just got seized by the Feds for bilking hundreds of people out of a fake oil company investment, for which they never even received a stock certificate, just like Bernie Made-Off-With-All-Your-Money. They seized his 4,000 sq ft new house, beautiful lake home, all new furniture, and several new cars and SUVs (he had 6). See you at the auction! Whatever monies they can recoup from the sale of everything will be paid back to the investors.

AnnieinKC of KS 7:10PM November 23, 2010

After two consecutive money-pits I drove in college, I would advise anyone with decent credit and some decent money to put down to always buy new. You never know how a used car was driven o maintained. People tend to trade their cars in when they start to need this, and that, and one of those. Plus, you just cannot beat a 7-year power train warranty and that new car smell.=)

Sam of ME 6:14AM November 23, 2010

I have 2 Monte Carlos, am the only driver, ALL coverage is identical, SAME company. The 98 is about $360 per year, the 06 is about $660.

John of IN 10:38AM August 20, 2010

Man the one that said that Ins. goes down with a new car...have you lost it buddy???

John of NE 7:07AM August 20, 2010

Seriously, buying a used car saves you on car insurance since when? Whenever I purchase a new car my insurance goes down. Newer parts are easy and quickier to replace than a used one.

Jimbo of OH 3:46AM August 20, 2010

pm of NY ,it sound like you and I are one in the same. I too have WASTED all my savings on junk that i did not need. I pray that I have enough money to live on the rest of my life.

alene of GA 11:36PM August 19, 2010

YOU ARE SO ON THE MARK AS USUAL. I HOPEEVERYTHING IS WELL IN THE COUNTRY.
I MISS YOU GUYS

DAVE NEEDHAM of NY 4:06PM August 19, 2010

Fart on a monkey for good luck

Retard of IA 11:23AM August 19, 2010

As I enter my sunset years in a financial environment similar to the Great Depression, I now understand why I Should Have stopped wasting my money on the junk that I accumulated. I have unworn shoes 'that I had to have' but didn't fit, those 'on sale' clothes still unworn & donated to Charity, even food 'on sale' that I donated before it spoiled. Plus, I became a 'hoarder'. If I had all that money (tens of $$$thousands), I own my apartment & it would be a leaner home (which I am working towards now). Now I do not fall for those advertisements that sound too good to be true & have realized that all these 'things' don't make me any different than who I am. Please don't make these mistakes in your life, as it will take its toll on you when you cannot play catch up.

pm of NY 11:16AM August 19, 2010

Yes, I was a child of the REAL DEPRESSION.
Learn this one thing - and it's not the ultimate, but it's crucial to know.
SOMEONE ELSE does not fix your problems.
You're learning to do without much money?
Great! It's the best start in life you can possibly have.
My father was an orphan; he grew up in a foster home without "benefits".
I have his financial "diary/journal" from when he was nearly 21 years old.
You wouldn't believe some of the incredibly informative entries.
"Claude (his brother) owes me 18 cents for my used blue shirt".
"Bought a hammer from Leck; I owe him a quarter".
Dad told me it was Hitler who would take our country out of the depression.
"Roosevelt will"? - - "Nonsense".
Think about it.
Sparky

Sparky of CA 10:19AM August 19, 2010