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  #46  
Old 03-06-2014, 07:53 PM
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Quote:
Originally Posted by Jooseppi Luna View Post
I guess ya just throw a Smart car in the back of the Tahoe and you're all set...
Nah, strap it to the roof...the dogs sit in the back.

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  #47  
Old 03-06-2014, 07:58 PM
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Quote:
Originally Posted by jplinville View Post
Nah, strap it to the roof...the dogs sit in the back.
Not if you're Romney...
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  #48  
Old 03-06-2014, 08:00 PM
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Quote:
Originally Posted by Jooseppi Luna View Post
Not if you're Romney...
That's a cheap, gratuitous political shot, and I'm offended...that you beat me to it.
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  #49  
Old 03-06-2014, 08:07 PM
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Quote:
Originally Posted by TheDon View Post
My MINI is pretty reliable now that if I fixed the big items that were causing issues. I'm just bored with it, my sister is driving my 87 300D and I can't sell it out from under her because I'd feel bad. So I'm stuck with no play money for a car.
I was just curious, I'm probably not going to go buy a new car. I just want a car to play with. My room mate bought a 2012 gecko green wrangler and has a motorcycle he can ride when he tears into his jeep. I only have the MINI . I just want my beetle, I've wanted once since I was 5 and every time I save up and get close I have a big expense or the prices on the cars jump.
buy a motorcycle. not only is it enjoyable, it saves a ton on gas and you arrive home less stressed. if i didnt have a company provided vehicle, i would ride my motorcycle every day.

i also have a for escape as my primary vehicle and the wife has an expedition. 3 years ago i took out a loan to buy my f250 diesel. it was a two year loan for 8k. in the end i paid about 8700. i sold the truck for 8100 two months ago, bought the expo and escape cash.

for now i am done with auto loans. though one day i plan to surprise the wife with a new fusion on xmas morning.
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  #50  
Old 03-06-2014, 11:08 PM
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Quote:
Originally Posted by spdrun View Post
If someone knows what they're buying, what's the problem? Just set a reasonable price and be honest about the issues it has.

I bought a motorbike that was literally in boxes for $150 in college. I don't regret doing so for a minute. Once it was sorted, it was a fun ride, and sorting it was a hell of a learning experience.
Fine for some but the majority of young guys today if not the vast majority have no developed mechanical repair ability nor the tools.

Personally I buy older cars with low original milage when I seek one. They are out there and generally with decent brands are basically trouble free.

The younger guys like one of my son in laws feel that accumulated milage is no issue. Usually before too much time has passed his total cost for his high milage cheaper buggy exceeds what I pay.

The last one was the older Honda civic with 36,000 miles or sixty plus some thousand kilometers. So far all is well with it. Meaning basically no issues since purchase. Was about the cost of the sales tax on a new one plus a very little bit more.

You can put the reliability of a low milage car back into a high milage one. In general though it costs a lot more than buying the same car with much lower milage.
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  #51  
Old 03-06-2014, 11:20 PM
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^^^

Bought my car at 213,000 miles. There are now 258,000 on the clock, 3.5 years later. It's never left me stranded, and I routinely drive it on 500 mile trips -- wouldn't hesitate AT ALL to drive it across the US tomorrow.

Better to sell the car to someone after explaining what they're buying then sell it for scrap to feed some factory in a Far Eastern pesthole.
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  #52  
Old 03-06-2014, 11:57 PM
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True Cost to Own® (TCO®) Calculator on Edmunds.com

True Cost to Own® (TCO®)

Plug and play
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  #53  
Old 03-07-2014, 01:27 AM
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Originally Posted by TheDon View Post
How do you justify this? I'm curious since I'm now in a job where I can conceivably afford a car payment but my mindset of never wanting a car payment is strong. I'm not really enjoying the MINI as much as I had thought I would and kind of want something else. I drive 32 miles each way to work so I really want to get a TDI, I've wanted one for as long as I have been into diesels.

I would it buy brand new, new car depreciation is for suckers. But would buy certified used from a dealership or even carmax and get a warranty through them. I'm just curious, I won't be buying any time soon since the wedding is coming up and etc.
Outside of your first home, it's never a good idea to buy something that you cannot pay cash for. But if you do, pay it off in a matter of months with your income cash flow - even if you buy a new one with the BS 0.9% or somesuch financing. Debt==risk, and debt on cars is especially risky to have around. Your best move is liquidating that college loan balance before making any newer car move. I'd just drive what I had for the interim.

When I started buying cars they were making such cr@p, you had to buy them new to expect any dependability out of them. Today, that's all changed. Near new, and slightly used cars are very dependable, and a much better financial play than new. So, you don't have to buy new to expect to get to work dependably.

I'm out on ever buying new again. I love owning and driving my 8-year old used CDI, and it's dependable enough to suit my needs, as well as being bought for a fraction of what the new buyer paid for it.



Quote:
Originally Posted by spdrun View Post
Bought my car at 213,000 miles. There are now 258,000 on the clock, 3.5 years later. It's never left me stranded, and I routinely drive it on 500 mile trips -- wouldn't hesitate AT ALL to drive it across the US tomorrow.
I hope you don't believe that just because your 30 something year old car, with 258,000 miles on it, that has never stranded you, is reason to believe that it won't strand you while driving it across the US tomorrow.

I've been stranded by cars and trucks far newer, with far less miles on them than your car, while driving cross country.
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  #54  
Old 03-07-2014, 01:35 AM
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Originally Posted by Skid Row Joe View Post
I hope you don't believe that just because your 30 something year old car, with 258,000 miles on it, that has never stranded you, is reason to believe that it won't strand you while driving it across the US tomorrow.

I've been stranded by cars and trucks far newer, with far less miles on them than your car, while driving cross country.
It's been reasonably reliable for the last 45,000 miles. Why should the next 3,000 be materially different if the car is well kept up?

Besides, I'm not a wussie who's afraid of getting his hands a bit dirty, and I have the cash to pay for a car rental and/or airfare should it come to that. If it's unsalvageable, I'd either sign the title over to the nearest junkyard or get a gallon can of gas, a match, and report it stolen. It's served well.
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  #55  
Old 03-07-2014, 01:43 AM
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Originally Posted by spdrun View Post
It's been reasonably reliable for the last 45,000 miles. Why should the next 3,000 be materially different.

Besides, I'm not a pussy who's afraid of getting his hands a bit dirty, and I have the cash to pay for a car rental and/or airfare should it come to that.
Because of what it is, that's why. -A 30 something year old car, with 258,00 miles on it.

Your trip will indeed become very costly with all the contingencies you mentioned coming to pass.....not to mention the time elements......better bet to rent a car for the trip than do all that.....or fly.
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  #56  
Old 03-07-2014, 01:45 AM
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Good points thus far.

One thing I'd like to add is if you finance a car for 5 years for example (60 mo), and see if your monthly payment is still below your budget, try to see if you can finance it for 6 years (72 mo). When your monthly payment is retained for the 5-year amount, but you're paying more of the balance than the interest.

Say you're paying $400 a month for the 5-year loan. If you can have it financed for a 6-year loan typically the monthly payment goes down (if the rate of payment is retained). But if you can still shoulder $400 a month, more of this goes to the balance, NOT interest.

This will give you breathing room in case you are low on funds, but make sure your % interest is as low as possible within your means. Typically the lower the % interest, the higher payments you need to make. Hence the "within your means".
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  #57  
Old 03-07-2014, 01:47 AM
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Quote:
Originally Posted by Skid Row Joe View Post
Because of what it is, that's why. -A 30 something year old car, with 258,00 miles on it.

Your trip will indeed become very costly with all the contingencies you mentioned coming to pass.....not to mention the time elements......better bet to rent a car for the trip than do all that.....or fly.
As I said, I'm not a little limpd**k who's afraid of a bit of uncertainty. Makes life interesting. I pity the average American, rolling along in his air-conditioned sensory deprivation chamber, isolated from the world, stuffing his yapper with homogeneous drive-through Burger King.

I'm contemplating a cross-country trip in early summer or late spring. 'fraidy cats need not apply. Be fun to do it in a MACHINE, rather than a toaster, though I might buy a motorcycle this month and do it that way.
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  #58  
Old 03-07-2014, 02:09 AM
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0% loan means NOTHING

NEVER buy a new car if you want to get ahead financially. You can get a reasonably reliable car for about $5K plus change. I have bought reliable cars for far less than that. If you feel a bit well off then buy a lease return car as I mentioned in earlier post.

0% loan means NOTHING unless you have the fund to pay it for 60 months or whatever is the loan period. One would buy an used car and invest the money monthly in mutual funds or DRIP, using dollar cost averaging, as if one is paying for a new car loan. Invest the money in stocks/bonds and you will thank yourself for that.
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  #59  
Old 03-07-2014, 06:55 AM
JB3 JB3 is offline
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Quote:
Originally Posted by Skid Row Joe View Post
Because of what it is, that's why. -A 30 something year old car, with 258,00 miles on it.

Your trip will indeed become very costly with all the contingencies you mentioned coming to pass.....not to mention the time elements......better bet to rent a car for the trip than do all that.....or fly.
I'm with spdrun on this, well not the anger part of it.

My 240 has considerably more mileage than his, and id trust it to run across the country also. If you know the car and have kept up its maintenance, than I don't see any reason to worry to much about a breakdown on the road. Like he said, he's put 45k on it and knows how the car is likely to run.

Things can happen sure, but the same thing can be said for an unknown rental car. In that situation you are jumping into a vehicle with totally unknown maintenance and driver history. Usually is just the the fact that its relatively new that people automatically trust it. I've been stranded with a blown motor in a 30k rental that an earlier renter destroyed for me.

Depending on the distance or need, id rather take the car I know, and prep it with some pre-trip maintenance, than jump into something that may or may not have been treated right or cared for properly.
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  #60  
Old 03-07-2014, 07:09 AM
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Originally Posted by jplinville View Post
Dad taught me that a spare car is better than a spare tire...if you get up in the morning and your primary car has a flat, drive the other car so you're not late for work.
This is true. Spare car or a spare motorbike. Either will get the job done.

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