Many of the wizbits Dad taught me were about cars. Somehow, in our society, dealing with cars parallels life in many ways. I think that in trying to help me with cars, Dad was working on the way I would deal with other people. (Or, maybe he was just trying to teach me about cars, and I tried to read between the lines.) Some apply to people, some just to cars, but since I will probably deal with both for the rest of my life, I’m glad he taught them to me. There doesn’t seem to be a pattern to these. Each one was more or less taught to me on its own merit. They are sort of “stand-alone” wizbits.
Before leaving home, I had several vehicles to drive. They included a few bicycles, a mini bike, a Cushman Truckster (sort of like the mail handlers used to drive), a 1959 English Ford Anglia, a 1969 Simca GLS (a French Chrysler product), a 1972 AMC Gremlin, and a 1976 Monte Carlo. Each time I bought a car or traded up, I was careful to check with Dad to see what he could do to guide me. I don’t think he ever steered me wrong, but I also don’t think I always followed his advice either.
Once, probably when I was aching for a brand new Corvette that I could never have afforded, Dad told me that everybody drives a used car. He was not belittling others by any means, he was just letting me know that it was OK to drive a used car because, as soon as someone drives off the lot with a brand-spanking-new car… it’s used. So the fact is, EVERYBODY drives one. Maybe mine is a little older than yours, or a little younger, but we all drive used cars.
When Dad told me this, it was probably no consolation. After all, what teenager wants to hear ANY reason that he can not afford the car of his dreams? It did help me to understand, eventually, what I had to do at the time. I had to buy a used car. Mainly, because that’s all I could afford. However, now I was able do that with my head held high, knowing all along, that the richest man in town drove a used car too.
Now I can reflect back and get even more from this. You can achieve a certain sense of equality here. Understanding that in some small way, we are all the same, sort of, in that we all drive used cars.
Even economically, it just makes sense to buy a used car. Buying a used car allows someone else to take the “battering” in value loss. A new car loses most of its value during the first year of use.
A couple of years ago, I attended a seminar held by a well-known economic advisor who was selling his system for achieving financial security and wealth. One of the first things they told us to persuade us to buy into the system was: You should always buy a used car. The instructor went on to tell the reasons: Used cars, even slightly used, can be bought for hundreds even thousands less than their brand new counterparts. Buying a “demonstrator” or “executive” car will even save 10% to 30% off the sticker price. After all, a week later, would you really know the difference? He then added more reasons that concerned financing the new cars for five or six years or more, pointing out that as soon as you drive off the lot, the car is worth about 20% less than it was a few FEET ago. This causes an effect called being “upside-down” in your loan: You owe more than the car is worth!
I bought the “system.” Why wouldn’t I? These guys were as smart as Dad!