Free Cars

December 29th, 2009 | by cars |
TheLampoGroupInc asked:


Free cars for life? What? We’re not kidding! We Americans love our cars, don’t we? We just can’t help it! But how much do we really love the car payments that weigh us down? Learn how you can save and avoid car payments for the rest of your life!

NEAL

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  1. 25 Responses to “Free Cars”

  2. By 502bh on Dec 29, 2009 | Reply

    buy a $1500 car with your insurance check, pocket the rest, & add what you can afford (your average car payment) to the pot. Then you can do the math. Good luck

  3. By GrobaniteBecky on Dec 31, 2009 | Reply

    But don’t you take a huge hit taxwise every time yo take money out of that mutual fund?

  4. By IvanVontub on Jan 3, 2010 | Reply

    dont buy a new car to replace your wreck.

    get a $3000-5000 one, pay the $125/mo, and stick the remaining $300/mo in the fund.

    this is the WHOLE point of proper handling of money. you/we/us are basically programmed to spend evey dime we get on crap we dont need, and doesnt REALLY make life better.

    no one NEEDS a $20000+ car. go frugal, actually save the money you “saved”, and stop making bankers rich.

    and if you truly like/want a nice car, be patient save, do this and be a slave to no one.

  5. By musicgeek3 on Jan 6, 2010 | Reply

    Canadians too

  6. By 1Natecore on Jan 6, 2010 | Reply

    how would this idea work for somebody that just got in a wreck and doesn’t have 10 months to save money?

  7. By blamy10 on Jan 6, 2010 | Reply

    You’re absolutely right. The average growth of the stock market in any given 10-year period, including the great depression, has been 12%. Fact. Look it up.

  8. By eline65 on Jan 8, 2010 | Reply

    Loan logic=fail

  9. By eline65 on Jan 11, 2010 | Reply

    Roughly 12% is the average since the market was created. It’s more like 11.8%. Not counting the last two years, there are mutual funds that pay nearly 18% for a ten year average. if you look beyond your big national banks listings.

    Looks like youy can build a brick house with all that happy $hit.

  10. By eline65 on Jan 11, 2010 | Reply

    The point is to save the money you would have sent to a bank or dealer. just doing that will get you $3-5K/yr to pay cash for your car. No payment=no note=freedom to live and save on your income=financial indipenence.

  11. By drinksomecherrywine on Jan 14, 2010 | Reply

    Your logic is flawed, faggot.

  12. By gglenger on Jan 16, 2010 | Reply

    So, it stands to reasson, if I didn’t have a car loan then I would be making the whole 12% rather than the 4%. So it is still smater to NOT have the car loan.

  13. By sapofgold on Jan 17, 2010 | Reply

    Amen, I am doing that very thing. Thanks Dave, for all of your great ideas. FPU has changed my life.

  14. By shopesales on Jan 18, 2010 | Reply

    Pvtjamesryan2…. Well, if he’s half right, you’ll have only $13000! sitting in a car replacement fund, how many people that you know has that?

  15. By blakasassin1 on Jan 20, 2010 | Reply

    i rather buy a a car from someone else

  16. By Pvtjamesryan2 on Jan 20, 2010 | Reply

    Also, 12% Mutual Fund?!

    This guy is in a fucking dream world!!!! If I could get 12% for my money in a mutual fund I would **** a brick and smile.

    I want to kill the guy who made this retarded video.

  17. By Pvtjamesryan2 on Jan 21, 2010 | Reply

    Free car? No. Nothing is free, not even common sense.

    Saving money? Are you fucking nuts. Most of the people in this generation are jackasses.

    I bought my first car with cash. Only an idiot finances a car. You finance a house, but not a car. IT’S COMMON SENSE!!! Americans are greedy and want it all now. That’s why they’re in the mess they’re in.Greed and stupidity.

  18. By CrissAngelLIVE on Jan 24, 2010 | Reply

    i gotta give it to ya. i used to drive a toyota echo, now i drive a brand mew convertible corvette (secondhand) stingray! thanks, man!

  19. By fitnessmomof2 on Jan 27, 2010 | Reply

    This sooo works! We owned our last minivan and when we traded it in we only paid $3000 for an Avalon and we love this car! We do not owe money on that either. We paid all cash for both ofd them. We have the payments we would have paid to the car company in our pockets and we put it in the bank now!!

  20. By ffoxxy3 on Jan 28, 2010 | Reply

    i dont get it “pay yourself” … i dont think the dealer or banks will take it easy with you handing yourself money….

  21. By stacygulick on Jan 30, 2010 | Reply

    Sounds like a simple plan, but there were a lot of things not taken into consideration.

    I still like my plan of working with a company that GIVES me an additional $400 a month for a car. Now THAT is a free car!

  22. By katbret on Feb 1, 2010 | Reply

    I LOVE THIS! We just bought our mini van 4 months ago on this plan- except we found one for less than $10K!? PASS IT ON!! IT WORKS!!

  23. By myllanac on Feb 1, 2010 | Reply

    Overall it’s good advice. Pay yourself a car payment instead of the bank for 10-16 months, sell your previous car privately, pay cash for a newer-used car, and repeat.

    Even a decent mutual fund or money market “auto fund” for savings is better than a checking account or bank savings account. I agree, 12% is impossible in this market in the short-term (10 months in this example!) but generally the idea is to have it tucked away somewhere safe for a year or two.

  24. By hansgovil on Feb 2, 2010 | Reply

    No car payments doesn’t mean free cars. This is retarded. 12% stock market average? What a joke.

  25. By nichoju80 on Feb 4, 2010 | Reply

    While I agree that car payments are a joke, there are a LOT of assumptions made in this video for the person that buys a used car… did anyone notice that the value of the used car didn’t depreciate when it was time to ‘trade up’… we all know that it won’t depre as much as a new one, but it WILL depre some… and the 12% return on stocks, uh yeah, I think we all know that doesn’t always work… and then there’s taxes also

  26. By mountainsoloist on Feb 6, 2010 | Reply

    Mathematically you are indeed right, and that is the same thing I would have said after I completed my BA in Finance. I kept my money in the stock market and borrowed money where ever possible. Then I had an injury which put me off the job. My savings went to pay the bills and I am left with nothing but debt. I have learned my lesson and I am working toward a debt-free lifestyle.

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