If your Ford had a Matthew McConaughey, it would be a Lincoln

I Started a $450 a Month Car Fund

I have semi-ranted several times that I’m setting up a debt free lifestyle and will no longer purchase cars with anything other than fat stacks of cash money. I want to slide into the dealership and make it rain like Dave Ramsey up in there. In all seriousness, I’ve started setting aside $450 a month for the (currently) singular purpose of future car purchases. That cash flow is the same money that was going to subscriptions, payments, and debts that I’ve paid off over the last 8 months. Think about $5,400 a year that used to go to other people being redirected towards your future self.

Now, I’m planning my car purchases well in advance and I could blab on for a while longer but let me just fast forward to the next bit.

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The 2011 Equus will be a $10,000 car purchase in another year. The 2015 Kia K900 is three years old and becoming more common under $25,000 which tells me that by 2019 — five years of existing on the road — a 2015 Kia K900 will be about a $15,000 car and the 2011 Equus will probably hold between $8,000 to $14,000.

For me personally, the actual age of a car means far more than the mileage and these V8, 87 octane, oversized, and overstuffed Korean cruisers may be even cheaper to buy and run as beaters than actual beaters. I’m going to keep watching this stuff but I like to keep a list of fun cars at every price point as well as a list of cheap appliances that can help you slub along without looking like a schmuck that’s simply being skimpy on the slinky, my hemmy.

There are plenty of other cars that are more interesting but all the premium Korean cars (including Cadenza and Genesis) are becoming great ways of having beater cars that keep that el jefe vibe alongside a cloak of invisiblility and frugality when you work with clients, bosses, or associates. I’m just the type of person that enjoys saying I own a Kia when I talk to new teammates but that car makes my bosses wonder why my Tommy Hilldigger knockoff is so darn charming when experienced as a passenger.

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I still believe the Equus has serious untapped longevity and if I can stick to this plan then I think future me and the family will have a much easier time getting through adulthood than most. You know I’ll keep you all updated month to month as usual. There is still $9k to pay by February in order to keep on my fast track, but that is the only way I track, yo!

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