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.

Posted on 2/2/14
3/13 - 16
3/13 - 16

Most Read This Week

August 24, 2015 11162

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News
August 24, 2015 6174

Alleged Burglar Calls 911 to Report Fire

by SurfKY News
August 24, 2015 5093

UPDATE: Four Dead, Two Survive Boating Accident

by SurfKY News
August 27, 2015 4644

All is Well after MNHHS Lockdown

by Doreen Dennis, SurfKY News
August 24, 2015 4362

MPD Coducting Sobriety Checkpoints

by SurfKY News

Most Read This Month

August 06, 2015 16490

Muhlenberg Woman Reportedly Suffers Violent…

by SurfKY News
August 24, 2015 11162

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News

Stories Trending Now

August 30, 2015 2693

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

by Doreen Dennis, SurfKY News
August 29, 2015 1529

UK Part of First Study on Marijuana Compound…

by SurfKY News
August 29, 2015 1235

Happenings, Meetings Listed for Following Week

by Tammy Holloway, SurfKY News
August 29, 2015 1114

All Occasions Formals to Host Celebration to…

by Rita Dukes Smith, SurfKY News Director
August 29, 2015 1094

Kentucky State Park Camping Deal Offered in…

by SurfKY News
August 29, 2015 982

UK Student Gaming System to Support Learning for…

by SurfKY News
August 29, 2015 921

Police Searching for Suspect for Attempted ATM…

by SurfKY News
August 30, 2015 537

Commission Recommends Zoning Changes at Mahr…

by Tammy Holloway, SurfKY News
August 29, 2015 527

Keeping the Faith - 'The Wisdom to Wait'

by SurfKY News
August 29, 2015 489

Hooked on Science - 'Inertia Antenna'

by SurfKY News