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.

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© 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...

Four Charged with Burglary for Entering Elderly Woman's Vacant Home

MADISONVILLE, Ky. (5/28/15) — Four people were charged for burglary after police investigated a complaint of people… Read More

'The Patrick Rudd Project' Encourages Community to Support Veterans

MADISONVILLE, Ky. (5/28/15) — When we read history and we read about the conflicts of our great country, we realize the… Read More
1 DOW 18,013.98
-112.14 (-0.62%)    
2 S&P 2,108.10
-12.69 (-0.60%)    
3 NASDAQ 5,070.41
-27.56 (-0.54%)    

Most Read This Week

May 23, 2015 8045

Missing 5-Year-Old Boy Found

by Doreen Dennis, SurfKY News
May 27, 2015 6805

VIDEO: Sparks Fly Over Hanson Rezoning Issue

by Tammy Holloway, SurfKY News
May 28, 2015 4986

Four Charged with Burglary for Entering Elderly…

by SurfKY News
May 25, 2015 3835

Can Sunscreen Save Your Life?

by Melissa Patrick
May 27, 2015 3621

Midnight Ride on Rabbit Ridge Ends in Jail

by SurfKY News

Most Read This Month

May 15, 2015 10996

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
May 23, 2015 8045

Missing 5-Year-Old Boy Found

by Doreen Dennis, SurfKY News

Stories Trending Now

May 28, 2015 4986

Four Charged with Burglary for Entering Elderly…

by SurfKY News
May 28, 2015 1634

Greenville Man Charged with Rockport Robbery,…

by SurfKY News
May 28, 2015 1328

Livingston Street, Hanson Rezoning Request…

by SurfKY News
May 28, 2015 1099

Dawson Springs Woman Charged on Drug Offenses, DUI

by SurfKY News
May 28, 2015 1005

Teens Injured When Vehicle Crashes into Tree

by SurfKY News
May 28, 2015 791

Slaughters Student, Madisonville Faculty Member…

by Joyce Riggs
May 28, 2015 767

Southside Elementary Wins $30,000 in National…

by Doreen Dennis, SurfKY News
May 28, 2015 707

Hopkins County Health Department Food Scores Thru…

by Barry Franklin
May 28, 2015 652

'The Patrick Rudd Project' Encourages Community…

by Ron Sanders