Optimal Finance Daily · Friday, July 3, 2026
The speaker advocates for saving money on cars by spending as little as possible on dependable used transportation. They recount purchasing a 2010 Mazda 3 for $6,000 cash, emphasizing the importance of a pre-purchase inspection by a third-party mechanic.
“Cars are a depreciating asset, meaning they lose value over time. So my approach has been to spend as little as possible while still having dependable transportation.”
“In 2018, I decided to buy a 2010 Mazda 3 for $6,000 cash.”
“When I was buying my car, I got permission to drive it to a third-party mechanic to make sure it was in good condition and to get a second opinion on how much the car was worth.”