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Smart Shopper Selecting and Buying My First Car
764 messages, Last post on Aug 17, 2009 at 12:29 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: latham (Feb 21, 2005 10:32 am) |
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Wow! Keep it as a beater? We have 3 cars, the "extra" one comes in handy when we have guests. They don't have to rent. You also don't accumulate too many miles on the new car (so it stays under warranty). My Forester, purchased new, has 71k miles on it. But my 3rd car has handled about 25k miles during the same time period. So if I didn't have my 3rd car, I'd be close to 100k and thinking about trading it in. This way I'll end up keeping it 2-3 years longer. The only catch is you pay extra to insure them. To me it was worth it. -juice
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Replying to: ateixeira (Feb 22, 2005 10:12 am) But you'll still have some maintenance to do on the 3rd car as well as any extra depreciation. The real challenge for me though is which car to keep out of the garage. |
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| At one point, I had three Hondas parked in my driveway. Two sat in the garage, and one was in the driveway. How I determined which one to put in the driveway would have been whichever car had more miles... | |
| So, we've got the new Elantra, my '89 Corolla wagon with 147k, and the newly recovered '92 Accord with 199k. Right now we are thinking of keeping the third car around for occasional needs or lending. So long as insurance is reasonable. | |
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You might want to drop collision insurance on the lowest-value car, or the least-used. Keep only liability. At this point it would not be a devastating loss if something were to happen (you already have a spare car), so why pay to insure it? Besides, after a deductible, it may not be worth much even on a total claim. Top it off, any claim at all will raise your rates. -juice |
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Replying to: 2new2know (Nov 06, 2004 4:29 pm) |
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Replying to: kirstie_h (Feb 18, 2005 6:19 am) - 4 door - I prefer being close to the road (no trucks) - Automatic - Good gas milage - Easy to maintain Keeping in mind, I'm a new college grad that is just starting to pay on student loans, so expensive is definitely out of the question. I can afford about $300 US a month. The insurance company is still investigating the accident, so I haven't received any money from them. I have $2000 put away and still counting for a down payment. The things that I would like though: - power windows - power locks - remote entry - power moonroof - ABS (I live in the northeast) Any suggestions that anyone could give me would be greatly appreciated.
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Replying to: nsiriann (Mar 10, 2005 9:25 am) If used it ok with you, that just opens up a whole slew of choices. you could easily step up to a very low mileage Mazda6. I would say get another Accord, but I would only buy new. And I believe only the EX comes with a sunroof, which I think will push you out of your budget (although, if you qualify for the 2.9% financing, that may help). Some folks might suggest a lease, but since you are fresh out of college, I suggest avoiding leasing since you never know where you might end up in the next few years (job hopping, location change, etc). |
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Replying to: nsiriann (Mar 10, 2005 9:25 am)
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