Free Cars

Sorry here Dave, but the car that you buy @ 11K, is still not worth 11K ...10 months later. that was the only thing I saw wrong with your video.
I do like the idea of not paying the bank though.

Fer cryin' out loud -- NOTHING you pay for is 'free'. The only 'advice' in this vid is to put some $450 into a mutual fund every month and after a coupla years buy a decent $16,000 car. But a lotta people just can't AFFORD to sock away $450 a month. They buy a $2000 used car in decent shape & make it last several years, repeat as necessary and upgrade if/when they can. The popular idea is BS, re: succumbing to marketting hype and buying a new car that depreciates like 50% in the first 2 years.

Good advise but even if you pay cash for the car it will depreciate in value all the same.

well for people who are paying $450 car payments i think they should try this but instead of buying a car ever year they should just keep their money in the mutual fund for 10 years.

Dave I was just Woundering, Long time leasoner, As you say why are these peole going after things that the rest of the real market can not support,

No the car is clearly not free, but what you are freeing yourself from is the bondage of the bank and paying interest which is buying your bankers car and I bet he drives a sweet ride that's paid for... ;-)

The basic advice is ridiculous.

You should save money so that you BUY the depreciating asset.

don't think of the car as an asset rather than a nesesscity

This sounds like the Bank on Yourself plan without many of the benefits.