*TO SHINE, OR NOT TO SHINE
This is what I Gotta Know....
Why must we all sit on chrome to make us feel good about ourselves? As much as it is a very bad investment, why is our car one of our most prized possessions? It is one of our biggest status symbols. Either we’re sitting up high on monster truck tires, or were sittin’ low on big rims and low-profile tires, leaning so far back you’d think we were driving from the back seat.
Maybe it’s because I’m broke, but I’ve taken time to reevaluate my financial situation, and I truly believe that breaking my neck to buy/rent-to-own the latest and greatest automobile is a BIG mistake. Maybe it’s just a mistake for me, but I think that I’d rather take that $6,000 I’ve scrapped so hard to save, and buy a quality used car outright (from an old lady that only used it for grocery store runs) (you can find them out there, you just have to take the time to research) instead of make high payments for 6-years on top of the down payment.
You go to the dealership, pick out the car and color of your dreams, negotiate a bad deal (you always loose) and sign you life away. To make things worse, your interest rate is super high, and they allow you 45-days before your first payment is due. Is that time given to you to prepare for the years of hurting that you’re about to endure? I have lots of friends that have the newest whips on the road, and they’re happy, but think about it...when that car is new, you’re sitting on top of the world, and it doesn’t matter if the payments are $1,000. You got what you want…period! But wait until that one-year mark rolls around when rent, food, electric, cell phone, gas, insurance and that payment start to creep up on you. $600 a month in nothing when you’re focused on getting what you want, and no one can tell you anything different, but after a while, the month’s start getting shorter, and that $600+ starts to hurt!
I’ll be damned if I’m going to work my butt off to TRY to save enough money to give to someone as a down payment, so they’ll let me give them more money for another 5-6 years! How does that work!? I’m cool on paying you, to allow me to pay you some more. Are they really car dealers, or loan sharks? A car depreciates as soon as you drive it off the lot! There’s no refinancing like houses. You can do it…probably, but you’re not getting any money out of it, and God forbid you try to trade it in. You’re gonna get served! Yes, I see the Blue Book value for your car is $8,000, but we’re willing to offer you $4,500……or even worse, they’ll tell you that you’ll get the full $8K for your car, but when you look at your contract, and break out into tears, you’ll see that they’ve tacked it onto the back of your payments. So, instead of paying $30K for that dream car, you’ll be paying $38K+financing…just like a sucker. Not the kid! I’m living and learning everyday, and I hope this can inspire you to do the same.
Don’t get me wrong. There’s nothing better than having a ‘new car’ to call your own. No problems…it doesn’t smell like smoke(for those of us who don’t smoke)…and you can take care of it the way you’ve always wanted to. Don’t forget, you’ve GOT TO put some rims on it! Rims bring a car to life. They add that special quality that not many cars possess…the personal touch. Those rims mean this car is yours! Your choice, your design, your car…until it gets stolen, or your rims start to fade…and if you get a scratch on them….forget about it. That’s a real bad investment. You’re just throwing your money away. To all my personal friends reading this, I know what you’re thinking. I’m a hypocrite. I’ve ALWAYS had rims on my cars…until now. I’d rather take my money and invest it (www.msnmoney.com) (note: I’ve found that you can start an investment portfolio at www.sharebuilder.com for as little as $4). I’m tired of being broke.
How many times have we been in bad financial situations where we’ve said something like “I wish I didn’t spend that money on those rims” or anything unnecessary for that matter? We (black people) as a whole have to start putting our money to better use, instead of wasting it on material things that don’t really matter to the person you’re trying to impress in the first place. Mostly, they draw a lot of negative attention to you. You either get jacked or beat up for them, or your car gets stolen, and more importantly, the woman who you really want to/need to be involved with(pay attention men)doesn’t really care about rims anyway.
Trust me family, I know how much we like to shine, but is living check-to-check to save up for rims really worth it? Is being broke, but riding in the tightest car really worth it? Why not take that hard earned money, and turn it into something else…like more money? Let it work for you (www.msnmoney.com), instead of breaking your back, working hard to save that money, just to give it away to shine for someone who really doesn’t care whether you shine or not.
Am I wrong here? Am I the only one who’s broke here? Am I the only one thinking of saving my money for my future? Please let me know, and as always….
*WHO HAS AN ANSWER FOR THE QUESTION MAN?*
(This article was inspired by J.Curtis. www.fastlifeonline.com)