Establishing A Car Fund

Copyright: myndziakvideo

Since getting a car, whether new or used, is a major purchase, it makes sense to anticipate the financial outlay well in advance by setting funds aside. If you have a plan of attack, you can either put away enough money for a down payment on a vehicle, or even amass enough cash to purchase a car outright with no financing. I was so determined to pay cash for my next set of wheels that when I purchased my current car in April of 2017 after the 24-month lease ended, I began saving up for the next car by earmarking contributions in a specially designated car fund. I now have enough set aside to purchase a moderately priced new or gently used vehicle when the time comes. Granted, I was extremely aggressive and determined when I began saving up, but I now know that it is indeed possible to self-finance a car purchase.

Copyright: 3rus

Even if you can’t save up enough money for a cash purchase, a chunk of change could nicely cover a down payment, thus lowering the total amount which ends up being financed. I ended up intuitively setting up a high yield savings account and have been making monthly investments for the past five years, a technique which is actually recommended by financial experts. The other thing I kept in mind when figuring out how much to set aside each month was the value of the vehicle which I would most likely purchase in the future. When I got any additional small windfalls, I would add those monies to the fund. Lastly, another thing which I made sure to do was to set up a car repairs fund in high yield savings so that I would be prepared if I ran into any unexpected repair bills on my current ride.

For more detailed information on whether to buy new or used, or to buy versus lease (though I NEVER advise anyone to lease a vehicle), you can check out this article:

https://www.investopedia.com/how-to-save-for-a-car-5184740

Hold Onto Your Car!

Copyright: stanciuc

The pandemic has created many shortages and supply chain issues, among them toilet paper, disinfecting supplies, and workout equipment. But did you know that there is also a shortage of used automobiles? Two major factors which have caused so many people to turn towards used cars are decreased new automobile production, and budget concerns which have resulted from decreases in income. If you have an extra used car sitting around that’s not being used, it may be a small gold mine for you if you sell it right now, because the demand is so high. But if your used vehicle is one you actually need in order to get around, and it’s in good mechanical shape, you’re better off holding onto it until the surge in demand simmers down.

Even my car, which is a 6 year old economy car, is now worth about $1,400 more this year than it was at the beginning of 2020. Strange, but it’s true. Prior to the pandemic, I had actually considered selling my car and getting a newer model, but I am definitely pushing my plans back by about 3 years or more. I truly hope that when I am ready to get a different car, the supply chain issues with new automobile production will not be an issue like they are right now.

If you are in the market to buy a used car, you already know how difficult it is to actually locate one. It took one of my dear friends four months before she was able to find a used car to purchase. She looked everywhere, and kept responding to listings which turned out to be sleazy dealers instead of the private parties they claimed to be. The vehicles were not in good mechanical condition, so they never passed mechanical inspection. The only reason why she was finally able to find a decent car to buy was because a friend of hers whose mother was going to buy one from a family member changed her mind, and offered to sell the car to my friend. Had that not occurred, my friend would likely still be on the hunt for a set of wheels.

If you can purchase a new car instead of struggling to find a used one, be prepared to pay about 5% more than before March of 2020.

A Spoonful of Laughter

Copyright : Jacek Dudzinski (courtesy of 123RF.com

The curative effects of laughter are now widely known, and many people (myself included) thrive on humorous social media posts. From the time I was a small child, I gravitated towards comedy, watching Carol Burnett, Monty Python’s Flying Circus, Dave Allen (does anyone remember this fella?) and Benny Hill faithfully, all the while leaving my mother puzzled by my intense interest in the funny television variety shows which were the order of the day back in the 1960’s and 1970’s. She became even more concerned when I picked up a copy of Eddie Murphy: Comedian in 1982 and laughed my ass off while listening to the album repeatedly. Eddie’s stand-up style was so off-color for my mother that she bitched and moaned about me listening to him, but I found him hilarious and kept on listening. I have the record album (yes, a vinyl LP) in my collection to this day.

My love of comedy has never waned, and though I don’t watch enough television to get drawn into current sitcoms or other comedic shows, I am in my car often enough that I have developed a habit of listening to comedy while I drive. I find it much more enjoyable to listen to comedy than music while I am in the car, and since SiriusXM has a number of comedy stations, I have them loaded as presets on my radio and rotate through them. I would much rather listen to a comedy bit by a talented stand-up comedian than to toggle through radio stations which often play the same tunes over and over. The fact that I can laugh while driving, especially in Los Angeles, is a godsend. It’s a great way to arrive at my destination in a relatively good mood, even if I have to sit through hellish traffic.

Even if you don’t have SiriusXM, you can catch some pretty amusing morning radio shows. In L.A., I like listening to Frosty, Heidi and Frank. Most large metropolitan areas host morning radio shows which are worth a listen.

Copyright : yuriz (courtesy of 123RF.com)

ATS Mobile Bumper Repair Yelp Review

http://www.yelp.com/biz/ats-mobile-bumper-repair-woodland-hills-25?hrid=cOmEJvesdhQsNixTry2k6w

Please check out my Yelp review of ATS Mobile Bumper Repair. I had such an outstanding experience that I want to make sure everyone in the Los Angeles area who is in need of body work on their vehicles turns to this great company!

Below is a description of all the services which ATS Mobile Bumper Repair offers (copied and pasted from their official site):

PAINT REPAIR

We offer many touch up options, from spot repair to full panel paint with the latest PPG Envirobase waterborne paint. It’s the convenient way to keep your car in top condition.

BUMPER REPAIR

From bumper restoration to panel replacement we’ve got you covered. We know what we’re doing, and we’re dedicated to keeping your car looking beautiful.

HEADLIGHT RESTORATION

We have extensive experience and are trained to renew your headlights to near factory condition. Trust us as your experts in headlight restoration at a fraction of the cost of replacement.

Additional Services:
SCRAPES

CUTS

BUFFING

HOLES

KEY SCRATCHES

CRACKS

CHIP REPAIR

LEASE RETURNS

PANEL REPLACEMENT

SCUFFS

DENTS

COLOR SAND

CLEAR COAT

DINGS