POV: You Kept Your Old Car - Coworkers Think You're Broke

You drove the same car into the lot again this morning, and three coworkers watched you park it. One laughed and said he would pray for you. Their payments run four hundred and six hundred a month each. Yours runs nothing, because you finished paying for it years ago. At twenty four a dealer showed you a model at three eighty nine a month, and a friend signed that same afternoon at four hundred and twelve. You bought a nine year old sedan with a hundred and ten thousand miles instead, insured it for sixty eight a month, and routed the difference into an automatic transfer on the third. Three thousand four hundred left the account in the first year alone. In year five the account passed thirty thousand dollars. In year eight your entire repair bill was nine hundred dollars while a coworker's truck payment alone was six hundred and forty that month. Fifteen years later the balance crossed one million, and the car is still worth about two thousand. These numbers illustrate one story; they are not a promise of results. Subscribe for the next quiet story. Chapters 0:00 The Same Car Every Morning 1:21 Insurance and the Gap 2:43 Why Upgrades Never Stop 4:04 The Truck Payment Problem 5:25 Reading It Twice 6:46 Do This Before Buying 7:46 What You Never Get Back