Quote:
Originally Posted by tbomachines
I financed a car initially because I was tired of fixing the old benz. The whole "driving an old benz that never breaks down" is unrealistic, I needed something reliable. My 300E has been good but that was tied up with the DMV for some time and still, its 24 years old now so stuff wears out and needs wrenching. If you do not have the time and space to do your own wrenching (like Philly), owning an old Merc is not the best choice. Also owning a turbocharged 300-400hp sports car with a dual clutch trans is fun to say the least!!
key points:
* know your credit
* know your spending limit, both monthly and overall
* if you were to lose your job, in your current situation, how long until you ran out of money? Add in that extra payment?
* Finance as little as you can with the above criteria
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Really, your old Benz is'nt reliable?.....maybe it could be chalked up to a "mechanic's error" for some of your troubles. Are we absolving ourselves of any errors in repairs or maintenance of said "unreliable old Benz" ? Was it doomed before we got it?
It's a given they are old and things are worn out, that's redundant since most of the time the parts that are worn out have lasted for 30 years...change it out and go another 30 years...try that with this new junk. Just don't use Chinese parts. (In my opinion, suspension parts that are copied from an original design using inferior chemistry should be against the law and are unsafe for everyone on the road)
I felt the same way as you TBO about our fleet until recently, I figured something out...twas my own fault for ASSuming a system was in check when it was not. To be totally honest, the 2 old car advice has helped us out on many occasions while learning about these cars....from none other than this here forum.
O.k.... so as a revision...two old benz's are better than one new car? They are cheaper to insure where we are. 10 bucks/month for one car and 50 bucks for the other. 1 New car is at least over 110 bucks per month...thats nearly double the rate for half the car(s)....enter the law of averages. 2 is better than 1