[Shop-talk] Salvage title vehicles

[Wayne]

On 7/26/2010 7:46 PM, Douglas Braun wrote:
> The classical problem here is that somebody needs a car to get a job,
> so they will have the money to pay for the car.
> Sort of the same reason businesses need to borrow money.

Yeah, that's the problem I see too.  A "reasonable" amount of debt is 
sort of a necessary evil, unless you're "old money".

Trap I got into as a kid was:  Buy beater.  Jeopardize job & income with 
all too frequent break-downs and absences.  Pay someone else big bucks 
for towing and repairs (living in an apt at the time, with no place to 
work, and auto repair skills not developed.)  After four years, have a 
deep money pit of a clunker with over 200K miles, ZERO resale, and cash 
outlays that could have been paying off a loan on something that was 
RELIABLE and would still have residual value.

-Wayne