Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Davis Motor Sales banner ad

Dave Says - March 24, 2013

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 2014 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 by using one of the social media links below.

Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013

In Other News...

Happenings and Meetings - Hopkins County

HOPKINS COUNTY, Ky. (10/18/14) — The following meetings and events are scheduled for the following week: Pumpkin Roll… Read More

Dr. Brady Harris Completes Advanced Minimally-Invasive Surgery Training in Europe.

MURRAY, Ky. (10/19/14) — Dr. Brady Harris has received additional training in advanced minimally invasive surgery in… Read More
Started 11/8/2013
Started 11/8/2013

Most Read This Week

October 17, 2014 11149

UK Women's Soccer Welcomes Ole Miss, No. 5/4…

in General Sports For All Sites by UK Athletics
October 14, 2014 3654

Man Tries to Beat Train, Two Life-Lined to…

in Local (Hopkins) Top News by Hopkins County Sheriff’s Office
October 15, 2014 3183

Family Business, Graphics Pros to Open Friday

in Top News For All Sites by Shawn Freels
October 14, 2014 3151

Madisonville Police Arrest Reports - Oct. 14, 2014

in Hopkins News by Madisonville Police Department
October 15, 2014 3071

Chamber Meeting and More Announced

in Local (Muhlenberg) Top News by Dorothy Walker
October 14, 2014 2906

Hopkins County Traffic Advisory

in Hopkins News by Keith Todd
October 15, 2014 2822

Madisonville Police Arrest Reports - Oct. 15, 2014

in Hopkins News by Madisonville Police Department
October 17, 2014 2782

Single Vehicle Collision Results in One Injury

in Local (Muhlenberg) Top News by Trooper S. C. Recke
October 15, 2014 2744

Woman Arrested for Domestic Dispute in the Street

in Local (Hopkins) Top News by Madisonville Police Department
October 17, 2014 2470

Woman Arrested at Taco Bell for DUI

in Local (Hopkins) Top News by Madisonville Police Department

Trending Now

October 18, 2014 2077

Muhlenberg County Celebrates New Farmer’s Market

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 19, 2014 1788

Kentucky Energy Department Releases Virtual Solar…

in General News For All Sites by Dick Brown
October 18, 2014 1604

Happenings and Meetings - Hopkins County

in Hopkins News by Amber Averitt, SurfKY News
October 18, 2014 1567

Research Important When Choosing a Charity

in General News For All Sites by SurfKY News
October 18, 2014 1558

Kentucky's Jobless Rate Plummets to 6.7 Percent;…

in General News For All Sites by Kim Brannock
October 18, 2014 1553

Hooked on Science - Bloody Handprint

in General News For All Sites by Jason Lindsey
October 18, 2014 1524

Keeping the Faith - 'Dancing, not Marching'

in General News For All Sites by Ronnie McBrayer
October 18, 2014 1507

Grace Warehouse Hosts Singing Benefit for a White…

in Local (Hopkins) Top News by Amber Averitt, SurfKY News
October 18, 2014 1481

How Senior Donors Can Avoid Scams

in General News For All Sites by SurfKY News
October 18, 2014 1012

Ladies Night Out - West

in Local (Hopkins) Top News by Tammy Holloway, SurfKY News

SurfKY News Group, Inc.
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flrsocial rss