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What would car payment be? conservative, $300/mo.? Since everything works on this car, if you drive it for 2 months and it blows sky high, you can leave it beside the road and still have made money. How you say? Your insurance was not as high as on that newer car you skipped payments on. Every month beyond # 2 that that baby gets you around (with normal mainteance costs; brakes/gas/oil/wipers) you are making $300 pure profit. If you can, set that $ aside, and when this one dies, buy another you can pay cash for and do it all again. You will be amazed how you can keep moving up a little at a time that way staying debt free.
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