A testimony from Victoria
With 2 young boys, our growing family wanted a bigger vehicle. It was complicated trying to pack 2 boys, 2 carseats, a stroller, and all the bags that go with young children into the trunk of a car!
I wasn’t ready for a minivan, and neither was my husband, so we began searching for an SUV with a third row.
Finding something in our price range was extremely difficult, but after a few months of searching, we found a vehicle that we loved. It did have more miles on it than what we wanted, but the price was right!
We were able to pay cash for this vehicle, while still maintaining a healthy emergency fund because my husband sold his beloved four-wheeler, and we put our entire 2013 tax refund towards the vehicle. We also got a nice trade-in value for our car, which helped a lot.
Helpful Hint: I suggest trading-in over selling privately. When you trade in, the trade in value comes off the purchase price of the car, therefore you pay much less tax!
Because we saved so much by paying cash and because the vehicle did have over 100,000 miles on it, we were also able to pay cash for a 4-year, bumper to bumper warranty. We hope this will also save us money some day!
Victoria is a wife and mother to two busy boys! She also works full-time as a mission trip coordinator for a non-profit in Indiana (best job in the world!). In her spare time she enjoys running, camping, and attempting to re-decorate her home.
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