dave ramsey blackwhite 300KENTUCKY (3/24/13) – This week Dave discusses Something to salvage and Buying wholesale

Dear Dave,
I want to buy an inexpensive car, and I was wondering what you think about salvage titles. - Eric

Dear Eric,
It’s not impossible to find a decent salvage car. But I’d take extra precautions to find out exactly why it was salvaged. If it’s a salvage car because it was wrecked, I’d take a look at what kind of wreck caused the damage. Lots of people know how to repair and rebuild cars, so it might end up in better condition than before if you find the right mechanic. On the other hand, I’d probably walk away if the vehicle had been flooded. Some people claim they can fix waterlogged cars, but that’s a tough job. In most cases water just doesn’t do very nice things to onboard computer systems and wiring.

Regardless, do as much research as you can into the car’s history. See if CARFAX has a record. But if the seller doesn’t know anything and other searches don’t turn up good information, my advice is to say no. Make sure you check with your insurance company before you make the purchase too. Salvage cars are sometimes more difficult, or more expensive, to insure! - Dave

Dear Dave,
What is your opinion on wholesale club memberships? - Anonymous

Dear Anonymous,
My wife and I are members of Costco and Sam’s Club. We don’t buy everything at these places, but do they save you enough money on some things to justify the annual fee? I think so.

The biggest problem most folks run into with wholesale clubs is overbuying. I mean, who needs nine gallons of mustard? You don’t, unless you’re in the restaurant business. So, if you don’t need at that level and won’t use at that level, don’t buy at that level! You’ve got to shop around and know your values.

Lots of people think overbuying isn’t a big deal, especially if it’s something that only happens by mistake once in a while. But the truth is it’s really dangerous. You should plan your shopping the same way you plan your budget—with great care and common sense. If you don’t, you can end up spending way more than you can afford on things you’ll never use. Talk about dumb! - Dave

* Dave Ramsey is America’s trusted voice on money and business. He’s authored four New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover and EntreLeadership. The Dave Ramsey Show is heard by more than 6 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com.

Disclaimer: The content supplied by columnists and letters to the Editor on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such content, statement, or opinions therein. SurfKY News does not necessarily adhere to or endorse content provided by outside non-staff sources.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

Greater Owensboro Chamber of Commerce Announces New President and CEO

OWENSBORO, Ky. (2/26/15) — Following a national search, the Board of Directors of the Greater Owensboro Chamber of… Read More

Former Webster Coach Hart Headed into KABC Court of Honor

WINCHESTER, Ky. (2/26/15) — Former Webster County High School head coach Bev Hart is among the boys' coaches who will… Read More

Most Read This Week

February 21, 2015 6539

Traffic Advisory for Western Kentucky

in Top News For All Sites by KTC
February 25, 2015 5650

New Asian Restaurant Coming to Madisonville

in Local (Hopkins) Top News by Gary Gates, SurfKY News
February 24, 2015 5528

Two Charged in Central City Meth Bust

in Local (Muhlenberg) Top News by Trooper Stu Recke
February 25, 2015 5520

Multi-Agency Investigation Nets Large-Scale Meth…

in Top News For All Sites by Trooper Stu Recke
February 22, 2015 5323

Easter Cuties Pageant in Memory of Shanice Bean

in Top News For All Sites Touching Hopkins by Tammy Holloway, SurfKY News
February 21, 2015 5026

Local Administrators Warn Employees to Watch for…

in Top News For All Sites by Tammy Holloway, SurfKY News

Most Read This Month

February 12, 2015

UPDATE: Name of Pennyrile Fatality Officially…

in Top News For All Sites Touching Hopkins by Doreen Dennis, SurfKY News
January 28, 2015

UPDATED: Several Involved in Two-Vehicle Accident

in Local (Hopkins) Top News by Doreen Dennis, SurfKY News

Stories Trending Today

February 26, 2015 2379

Woman Charged for Allegedly Selling Hydrocodone

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Detention Center
February 26, 2015 2357

Man Accused of Holding Woman against Will,…

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Detention Center
February 26, 2015 1475

Probation and Parole Violators - February 26,…

in Video by Crime Stoppers
February 26, 2015 1332

Hopkins County Health Department Food Scores Thru…

in Hopkins News by Barry Franklin
February 26, 2015 1278

Area College Students Touched by Cancer are…

in Top News For All Sites by Tammy Holloway, SurfKY News
February 26, 2015 1244

Walmart Evacuated after Customer Alerts 911 of…

in Local (Hopkins) Top News by Doreen Dennis, SurfKY News
February 26, 2015 1198

Madisonville Police Arrest Reports - Feb. 26, 2015

in Hopkins News by Madisonville Police Department
February 26, 2015 1001

Super Sunday Hall of Fame Alumni Honored College…

in Top News For All Sites by Joyce Riggs
February 26, 2015 909

Lions Man, Woman of Year Announced

in Local (Hopkins) Top News by Chris Findley
February 26, 2015 702

Gov. Beshear Announces NASCO Expansion in Bowling…

in General News For All Sites by Office of the Governor