Never buy a Vehicle if you don’t need to and won’t use it
For some of us a car is always that something we have always dreamt of owning but due to various and unending financial commitments in life we may not be in a position to buy a car when we are still employed. With that, it is advisable not to buy a car using your retirement money. However, if such a vehicle is bought because of a specific reason such as for business or farming investment, then you may go ahead and buy it. Here am talking to those seniors who will buy a new car even when they have a car back at home. The best thing to do is basically sell an old car add a little of your retirement money and get a new car. You will use medicare supplement for 2020 so quotes are easy here https://www.medicaresupplementplans2020.com/quotes/
Reason why is it not advisable to purchase a luxurious car with your retirement money
Cars normally undergo tear and wear. A car is good for a person with a huge salary. This is so basically because while earning, you will have an opportunity to service your car, put new spare parts and even make it look better than you bought it. However, for seniors at the age of 65, you may not be in a good position to afford wasting your precious retirement money on things that do not matter at your age. The best thing to do here is stick to your old beetle and avoid wasting your retirement money on new cars.
Luxurious cars are not vehicles that contribute to your senior life
You will agree with me on the fact that unless we have another source of income, luxurious cars that we may buy after we retire are a pain in our heads. I am saying so basically because unless we have a business that gives back, luxurious cars may not be a thing to consider as soon as you retire and have just entered a seniority age. Buy a vehicle only if you have a business that depends on it Sometimes, we have a small business like running a grocery, we may decide to buy a vehicle (a truck for that matter) so as to increase efficiency of our activities. Senior, therefore, need to consider purchasing a vehicle only when such a vehicle will be used in a business enterprise and not for parking back at home and admiring it