Sunday, September 13, 2009

Cash for Clunkers

Sometimes I'm amazed at how poorly people think about things, specifically their finances. The incident that I'm thinking about in particular happened a few weeks ago, but just kind of stayed in the back of my head until today, when I was reading about the 'Cash for Clunkers' program today on yahoo news.

A few weeks ago, on NY1 news, I was watching a story on how some people in the Bronx were participating in 'Cash for Clunkers' and how that that was all that they could afford. One woman in particular said that she didn't have the extra $3000-$4000 for a new car, so she decided to get a used SUV.

Think about that for a minute.

She didn't have money to buy a new car so she got a gas-guzzling SUV. Yeah, lady, you're going to save money there. I'm sure it was cheaper in the short-term, but I'm even more positive that it would be more expensive in the long-term.

Unfortunately I don't have excel yet installed on my new computer to make a chart in order to show this, but seriously. An SUV?

If I were her, my personal preference would be for a nice Jeep. Not the most fuel efficient but damn if those things don't last forever. My brother has one with 200,000 miles on it and it is still running fine. It's from 1991. We take good care of it.

Anyway, I have to get ready for a date now.




0 comments: