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SUVs Honda CR-V 2001 - 2006 Honda CR-Vs
16152 messages, Last post on Nov 23, 2009 at 9:50 AM
You are in the Honda CR-V Forum. Your Hosts are steve_ & tidester
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Even if people don't have the cash to buy their first new car outright, they can make it happen with their second car. Let's say they financed a car for 5 years at $300/month. After the loan is paid off, and they keep te car, but they put the same $300/month they were spending on the car note into a interest bearing account. After 5 additional years of using the same car, they would have accumulated $18,000 in principal and some interest. Even if they used that account to pay for the repairs, they would still have enough money to not to have to finance their second car. Even if the car prices run away and an average transaction is $30,000, they are already $18,000 ahead.
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Replying to: blueiedgod (Nov 10, 2009 12:32 pm)
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Replying to: ateixeira (Nov 11, 2009 8:56 am) Majority of the people have this mentality of "I see it, and I want it now!!" The troubling part is that they have been elected to offices and are now running the country in the same manner. Spend, spend, spend, think later. Unfortunately, there is no bankruptcy protection for when you run the country into the ground.
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Replying to: blueiedgod (Nov 11, 2009 9:56 am) People get bored with what they are driving. Boredom equals unhappiness. |
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Replying to: blueiedgod (Nov 11, 2009 9:56 am) As a result, these people tend to panic when their warranties are are about to run out. The prospect of a big repair bill, no matter how remote, terrifies them because they have no cash reserves. So they trade for a new car, often rolling negative equity into the next loan. I set aside money from every paycheck to cover repairs. I learned long ago that for real peace of mind, you can't beat a healthy balance in an interest-bearing account. This money is available not only for car repairs but to cover any unexpected large expense that comes along - the clothes dryer that starts eating my socks, for example. In any case, I have no plans to get rid of my '06 CR-V EX, purchased in November, 2005. Not only has it been absolutely trouble free, it also has something that I can't get in a new CR-V: a stick & 3 pedals. If Honda wants to tempt me, it'll have to bring that back.
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Replying to: jimbres (Nov 12, 2009 5:07 am) Yup, the lost their market there. Mine is a 3 pedaled one as well.  Hopefully, they will deliver on their promise of the Diesel CR-V with 6-speed manual. Although, I am not really in the market. There is absolutely nothing that interests me. And the ones that do catch my eye are not available with stick.
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Replying to: steve_ (Nov 11, 2009 10:05 am) Yeah, but they have bought a boring vehicle in the first place. Where is the fun of putting the shifter in "D" and stomping on the pedals? I agree, there is no fun. There is no way an automatic could repllicate the feeling of putting the shifter in gear and feeling the gear catch as you release the clutch, and making a very synchronous movement... Had people drove manuals, they would have been excited about their cars longer, perhaps?
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Replying to: blueiedgod (Nov 12, 2009 11:29 am) I've about forgotten what this thread was about. Driving CR-Vs forever?
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Replying to: steve_ (Nov 11, 2009 10:05 am)
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Replying to: saabgirl (Nov 13, 2009 6:16 pm) Anyone have any older CR-V questions or comments?
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