Costly Financial Foul #6

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06 Jan

Donna Taylor Blog 0 0

Buying a new car is almost never a good idea. The car depreciates approximately ten percent once you drive it off the lot. By the end of one year of ownership, the car will depreciate another ten percent. It is recommended that you buy a new-used car with low milage and a good consumer safety record to get the most for your dollar and a plus if you want to resell it at a later date. There are options at Enterprise or Hertz who sell cars in their fleet after one year. The best part is the cars may still have a warranty and have been serviced regularly. Carvana is a (new used car vendor) and Carmax will also purchase your trade-in. Remember to do your homework and save up for this purchase to limit new debt.

About the Author

Written by Donna Taylor

Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.