When you win money playing slot machines, your first instinct might be to spend it all on a new car. While that might seem like a good idea at first, doing so can actually end up costing you more in the long run.

There’s always a Catch

While it might seem like a good idea to buy a new car after winning money on a slot machine, there’s actually things to consider before taking such a drastic action.

Given that you just bought a new car, it makes sense to simply sell the old one and use the money from the sale to pay for the new one.

You’ll likely end up Selling the Car

Even though you’ll likely end up selling your new car and using the money from the sale to pay for your new car, you’ll still need to do some work to get it in tip-top shape before you can sell it.

There’s no getting around it. You’ll need to do things like change the oil, clean the windows, wash the car, etc.