mustfirstregister
Master Don Juan
- Joined
- Nov 19, 2009
- Messages
- 553
- Reaction score
- 5
My budget is 30k canadian. Ideas?
Bible_Belt said:I don't know how much of a season you have up there, but motorcycles get great mpg. A 500-600cc bike will get 50+ mpg.
I also was considering that. I have a place and already renting it out. it will be nice to have a 2nd place to rent out. However because I live by myself Its a bit hard to manage it. so thats why i wanted to buy a better fuel economy car instead to save on gas. If i buy a leaf I will save around 2100$/year (civic oil+ gas+maintanance). leaf is $30k but it only drives 130KM in a full battery charge, a little risky because i drive 100KM round trip 18 days/month.....sigh, decisions decisions!!!.prison/con.net said:don't do it. Buy a small, high mileage, 10 year old one, from a private party, 2-3k, after paying a REAL mechanic $200 to REALLY drive it, get it up on a rack, really test it. Put the money you save into an old, large house, in the right area to rent it out as weekly rooms. If you're in the US, find a trustworthy vet to use his VA loan, so you don't have to put up 6k of closing costs and 20% down payment. Such a place, if you live there and manage it yourself, can put up to 30k US in your pocket, after tax, every year. If you can live on something else, that 30k can mean that you can set up another such building. In other words, you can double your income almost every year. Don't wast your money on cars, rent, or mortgage on a normal, single family residence, utilities and the like.