Should I get rid of my old car? Apr 10th

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Should I get rid of my old car?

– myownadvisor.ca

Should I get rid of my old car?Learn, save, invest and prosper with My Own Advisor.
I bought my 2000 Mazda Protégé days after I moved to Ottawa from Toronto. My Mazda was brand new and cost about $16,000 right off the lot. I recall I used my credit card to make a $500 down payment the day I bought it. (Don’t gasp financial people, I did pay off my credit card that month.)
My Mazda has been paid for since 2005, 11 years ago. Most people don’t own a car as long as I haven’t had car payments for this vehicle. This car doesn’t owe me a nickel. It’s been a worthy ride for many years and it could likely stay on the road even a few years longer.
Which brings me to this…should I get rid of my 16-year-old car?

Let’s start with what’s driving my decision (pun intended), to potentially get rid of this car:

I want a new car – I drive by no less than five car dealerships on the way to and from home many days and over time, I feel like I’m getting drawn towards the shiny, newer, metal objects on those lots…

Continue Reading On myownadvisor.ca »

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