Quote:
Originally Posted by ps2fixer
Always good to look at all options, I'm huge anti debt for the way I live, so the only way I'd replace a vehicle is if I could afford to buy it out right with no loans. Save a ton of insurance, no interest, older car plates are cheaper. Generally older cars also have cheaper insurance as they are safer too. My 1997 Corolla was cheaper insurance with 2 air bags than my 2006 Prius. Insurance company owner told me it's because there's more metal in the corolla and there's less chance of getting hurt in a wreck.
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I'm actually very similar in philosophy. I decided a long time ago to never buy a new car and always get used ones. The price to performance ratio is just so much better, if one is willing to accept occasional service outages. The second big decision was to never own a home or property. Not having a mortgage allowed me to travel the world and have many great experiences. The third big decision was to retire early. I'm far happier living modestly on a fixed income than I ever was on my hamster wheel running the rat race.
