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...

Endowment Recognizes Donor, Announces Music, Memory Program at Spring Creek Health Care

MURRAY, Ky. (8/30/15) — The Murray-Calloway Endowment for Healthcare was recently presented with a $5,000 donation from… Read More

BMS Selects Academically Above and Beyond Recipient

BENTON, Ky. (8/31/15) — Each month the principal of Benton Middle School selects a student for the Academically Above… Read More

Most Read This Week

August 31, 2015 5974

Man Convicted of Hopkins Countian's Death Granted…

by Doreen Dennis, SurfKY News
August 27, 2015 4866

All is Well after MNHHS Lockdown

by Doreen Dennis, SurfKY News
August 30, 2015 3753

UPDATED: 'He Fought the Law ... but, the Law Won'

by Doreen Dennis, SurfKY News
August 26, 2015 3048

Man Charged with Theft, Meth, Marijuana Growing

by SurfKY News
August 27, 2015 2613

Kentucky Career Center Blood Drive Aug. 31

by SurfKY News

Most Read This Month

August 06, 2015 18032

Muhlenberg Woman Reportedly Suffers Violent…

by SurfKY News
August 24, 2015 11717

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News

Stories Trending Now

August 31, 2015 5974

Man Convicted of Hopkins Countian's Death Granted…

by Doreen Dennis, SurfKY News
August 31, 2015 1722

Bremen's Father's Country Hams Kentucky Grand…

by Tammy Holloway, SurfKY News
August 30, 2015 1592

Smoke Fills Business, Upstairs Apartment on Center

by Doreen Dennis, SurfKY News
September 01, 2015 1425

Small Business Tax Credit Workshop

by SurfKY News
August 30, 2015 1287

Fire at Gas Pump Prompts Firefighters' Swift…

by Doreen Dennis, SurfKY News
August 31, 2015 1164

Man's Threats Result in Evacuation of Adjacent…

by SurfKY News
September 01, 2015 1085

Central City Gospelfest Planned for September 2

by SurfKY News
August 31, 2015 1063

One Injured When Dump Truck Overturns

by SurfKY News
August 31, 2015 964

Hopkins County Sheriff's Reports Released

by SurfKY News
September 01, 2015 891

Traffic Stop Leads to Meth Charge for Driver

by SurfKY News