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Frank[_24_]

On 7/27/2017 11:38 AM, wrote:
On Thu, 27 Jul 2017 03:49:28 GMT, Wayne Boatwright
wrote:

We just bought a new car last week, if fact it is still in production
at the factory. I know we paid more for it than what we had planned
on, but is still within our budget, both purchase and maintenance.

We had not planned to buy a car until October, but the dealership and
factory were offering very good incentives which would not occur
again until the end of the year, and the interest rate was next to
nothing.
Since moving into retirement mode, I may eventually break my
self-imposed rule not to buy new cars. When the Taurus dies, if there
is a good deal at 0% or close, it would make more sense to buy new,
taking the payments out of the RIFF , than to take the tax hit pulling
money from RRSP to pay for a used one.

Just learned a couple of Canadian abbreviations.
Often of hear folks retiring and buying their last car, usually a pricey
one, to be stuck with an old car 10 years later.
I buy new and run until a repair cost is more than the book value of the
car. Did it last year.
Find a lot of us old folks buying new cars cannot or don't try to use
all the new electronic bells and whistles. Blue tooth, gps's and the
like are Greek to them. This key fob would also be Greek to them.