Last post on Jan 20, 2005 at 10:19 AM
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Volkswagen Jetta, Honda Civic, Diesel, Hybrid Cars, Wagon
#451 of 457 Problem is, it happens OVER and OVER with old cars.
Jan 20, 2005 (9:46 am)
quote E-Troy-"That's odd? I always thought it was the opposite. i.e. It's cheaper to do a $1000 radiator replacement, then to spend $20,000 going brand-new."
Only for rich people who have "car repair money" lying around in the bank is it cheaper to fix a car over and over and over than it is to buy a new car with monthly payments and warranty that covers all repair costs.
Most people (in my earnings bracket) do not keep $2,000 to $4,000 dollars laying around to use for emergency car repairs.
It's far more financially sound to pay $1500 for an extended warranty on a new car once every four years and let the warranty company pay for your repairs, and then get the unused portion of that warranty cost pro-rated into your new loan !!
#452 of 457 Re: No, Im just stating the truth [electrictroy]
Jan 20, 2005 (9:52 am)
That's odd? I always thought it was the opposite. i.e. It's cheaper to do a $1000 radiator replacement, then to spend $20,000 going brand-new.
That may be true. However what is the point of diminishing returns. I find it practical to spend $1,100 to repair several items on the Lexus. Even though the car would only bring about $5k in trade. It still runs good and is in excellent condition cosmetically in and out. We just spent $600 for a 5 yr paint job on the 1990 Mazda 626. Why because it is still running good and is fine for running errands and lending to friends & family members that visit. I would not spend that kind of money on a car that is showing rust or breaking down every time I turn around. It is a judgment call on a case by case basis.
#453 of 457 Re: Only overly stubborn people go for high miles. [gagrice]
Jan 20, 2005 (9:56 am)
'When you talk of reliability and longevity. Honda does Not have a great history, other than a blip the last 10 years'
Pleas check the edmunds forums for cars with highest mileage and check how many Hondas come up at the top. But I guess you wouldn't coz for this argument ebay suits you. How do you presume that the more cars on sale on ebay, the longer they live? Like most of the times, your logic is wrong. Just go to a campus and see which old car is most common, you will find it to be the Civic.
#454 of 457 Re: Problem is, it happens OVER and OVER with old cars. [larsb]
Jan 20, 2005 (9:57 am)
It's far more financially sound to pay $1500 for an extended warranty on a new car once every four years and let the warranty company pay for your repairs !!
I know that is current wisdom and the car companies love it. Can you ever get ahead that way to where a $4000 engine repair is not a drain on your budget?
#455 of 457 Re: Problem is, it happens OVER and OVER with old cars. [larsb]
Jan 20, 2005 (10:02 am)
Owning a car (whether rich or poor) does not change much the fact that cars require "care and feeding". (so to speak) Lots of things can happen to any car that is not covered by warranties, either oem or extended.
So like in the case of the TLC, a radiator (600)repair actually happened closer to the 250,000 mile mark than in the mile mark that would be covered (in almost all) under extended warranties. So using your example, I would have paid 1500 dollars for the extended warranty and still would have had to pay for the radiator repair.
#456 of 457 Re: Only overly stubborn people go for high miles. [03accordman]
Jan 20, 2005 (10:05 am)
Pleas check the edmunds forums for cars with highest mileage and check how many Hondas come up at the top.
Please link that thread, I would be interested. The only older Honda's (Mid 1980s)I see are the CRX which I must admit is a classic. One of my favorites.
#457 of 457 Off-topic - again.
Jan 20, 2005 (10:19 am)
Sorry - this discussion has been beaten to death. It is clear from the inability to stay on-topic that this discussion has run its course. It will now be closing.