Tag: Automotive News

Buying a Car: First Cost vs. Life Cycle Cost

By Thomas J. Stanley on Feb 10th, 2011 in Lessons Learned

In a recent advertisement for Honda Accord, it was described as having the highest resale value within its class.  I’m not surprised.  How well a motor vehicle holds its value depends on several factors.  Of course reliability is important no doubt, but there is something else.  It has to do with retail versus fleet sales.  […]

Here’s an Upside to Downsizing

By Thomas J. Stanley on Aug 10th, 2010 in Mentor's Corner

We recently sold our family’s mainstay, a 1997 Toyota 4 Runner 4 X 4.  I bought the car new as a reward, a merit badge, in recognition of The Millionaire Next Door hitting No. 1 on The New York Times Bestseller List.  The car was like a good friend; it never let our family down.  Even though it had 180,000 […]

A Good Samaritan in Small Town USA

By Thomas J. Stanley on Feb 11th, 2010 in Other

Some of the most productive and well run automobile dealerships can be found in small town America.  They rely upon repeat business and a good reputation among a finite population.  Word of mouth information, both good and bad, spreads quickly in this environment.    The success of one particular small town dealership was highlighted in a recent […]