If you were going to drop 5k on a car what would it be?

[Ryan Dossey]

After reading Mr. Money Mustache for several days know that and The Richest Man in Babylon have got me thinking. If I could cut out my car payment I could save/invest a decent amount of money. 

[Jeremiah F.]

I guess I'm either ahead of the game or was left behind along time ago.  I had a car payment about 10 years ago, but then I started flipping houses and it changes the way I think about everything.

I got out of a car payment and this is what I did. Bought a $600 Chrysler cirrus 98 ran for 2 years just maintenance, it died, scraped for $150. Bought a 85 Toyota pickup for $500, sold to my ex employee for $400 last year. In between then bought 85 BMW 735I for $1060 and a 89 Ford f250 for $620. Ford is a great work truck and the BMW had 130k miles and a 2" thick folder for all past service record back to 85 when it left the lot (over $38k in preventative maintenance and upgrades over the years, New clutch and trans in last 10,000 miles) I am the second owner and justify this purchase because I like to tinker on cars and I could sell it tomorrow for $3,000 easy. Bought a 86 Audi 4000 for $350 let my brother drive it when he was in the country, and anyone else who needed to borrow it, gave it away to a friend who's son was learning to drive for 16th b day, still runs great. Bought a 01 Chrysler cirrus for $700, gave it to my girl friend she wrecked it, bought a 96 Buick century for $450 3 days ago, gave it to the same girl (my ex now).

I might not be turning heads at stop lights but I take enjoyment in knowing that I have only spent $3,800 to get around the last 10 years. But more importantly, with the Ford and BMW I still own, I could sell both this week and walk away with profit, and a big smile knowing that I got everywhere I needed to go for 10 years for free.