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Chronic Car Buyers Anonymous

15357 messages,  Last post on Dec 02, 2009 at 10:18 AM

You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires

What is this discussion about? Car Buying


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#11937 of 15357
Re: Woody [tifighter] by steve_ HOST
May 14, 2008 (8:48 pm)
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Replying to: tifighter (May 14, 2008 8:23 pm)

I've been watching them since last September. They've been over-priced all through the winter too.
#11938 of 15357
Re: Woody [steve_] by guss
May 15, 2008 (2:50 am)
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Replying to: steve_ (May 14, 2008 8:48 pm)

Funny you should mention Miata sale, I just sold my '97 M last week for $1000 more than I paid for it. After sales tax and a few things I did to it I cleared about $400.
 
I was at the bank and a guy offered me what I paid for it in December. So the little wheels in my brain start turning and I decided to put it on Craigs List. It was sold in 3 days with 3 people coming to look at it and all at least made a decent offer. The guy that bought it had a Trailblazer and wanted something more fuel efficient for his commute, just like you said Steve. I did not have the heart to tell him,although he probably already knew it, that there is no way the cost of an additional vehicle will make up for the fuel savings.
 
I'll miss it but it was too small for me and leaving my Escape outside(even though we had almost no snow this winter) was killing me.
#11939 of 15357
Re: Woody [guss] by fezo
May 15, 2008 (5:50 am)
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Replying to: guss (May 15, 2008 2:50 am)

I did almost exactly what you are describing except I bought a 99 Celica convertible because it had a back seat and could be had for less than a 99 Miata.
 
I know it doesn't make a great deal of economic sense but I probably cover half the insurance in gas savings so it's pretty cheap to keep on the road and it's a heck of a lot more fun than the van, which now only sees use when I actually need either the room or the number of seats.
#11940 of 15357
Re: Woody [guss] by qbrozen
May 15, 2008 (7:29 am)
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Replying to: guss (May 15, 2008 2:50 am)

I did not have the heart to tell him,although he probably already knew it, that there is no way the cost of an additional vehicle will make up for the fuel savings.
 
Somebody just asked this in the Answers thingy majig.
 
I think it all depends. If he's running a Trailblazer, he's probably getting 17 mpg at best. What's the Miata going to get? 25? 27? So, yeah, unless he drives the Miata 20k miles per year that he would have put on his Trailblazer, its probably not worth it.
 
But if someone gets ... I dunno ... a Yaris to offset a Hummer ... it would take quite a bit less driving to offset the costs.
#11941 of 15357
Re: Woody [qbrozen] by andre1969
May 15, 2008 (10:05 am)
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Replying to: qbrozen (May 15, 2008 7:29 am)

I think it all depends. If he's running a Trailblazer, he's probably getting 17 mpg at best. What's the Miata going to get? 25? 27? So, yeah, unless he drives the Miata 20k miles per year that he would have put on his Trailblazer, its probably not worth it.
 
Just for kicks, I ran the numbers on my uncle's savings since he bought his '03 Corolla, 6 years ago (got it Memorial Day weekend, 2002). He's put about 150,000 miles on it, mostly highway, and it's probably averaged about 36 mpg. In contrast, his '97 Silverado would get about 18. Over the course of 150,000 miles, the Corolla would've used about 4167 gallons, whereas the truck would've used about 8333.
 
If you assume $4.00 per gallon in gas, which is where it will be soon, that's about a $16,700 savings, although that's not an accurate assumption, since gas was under $1.50 per gallon as recently as early 2004. So I'm gonna go out on a limb and say it saved him about $10K in gas. It ended up costing something like $15K, out the door. And I'm guessing that insurance might've run another $600 per year, for 6 years, which comes out to $3600. Registration is $128 every two years.
 
So, I guess you can look at it as my uncle paid $19K and saved $10K in fuel, for a new loss of $9K. More importantly though, that Corolla helped his truck last longer. Had he never bought it, I'm sure he would've run that Silverado into the ground by now, and it may have broken down and left him stranded a few times (it did that, anyway ) He'd probably be into another truck by now, and have it fairly well miled up.
 
Overall, I guess it was a good decision. As it stands, he has a truck that's still serviceable, and a Corolla with some life left in it, so he won't have to buy anything else anytime soon.
#11942 of 15357
The problem by guss
May 15, 2008 (10:14 am)
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with an additional car is the maintenance, insurance and registration. The Miata as an additional car would have cost me about $750 per year. My Escape gets 20mpg, the Miata was 28, so that would mean I had to drive the Miata about 15k miles per year for it to pay off. Gas mileage alone is not the reason to buy a fun car though, but it helps when you are trying to convince the wife we will be saving money.
#11943 of 15357
GB by guss
May 15, 2008 (10:26 am)
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Since you are sorta the CCBA resident Volvo expert, what do you think of this:
 
link title
 
I know it's not as fast as a R, but I am not looking for fast. If I can swap my car close to even up , I can pick up a few mpg at little cost and get into a nicer ride . The big drawback is lack of sunroof, and higher maintenance cost.
#11944 of 15357
Re: Woody [andre1969] by kyfdx HOST
May 15, 2008 (10:32 am)
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Replying to: andre1969 (May 15, 2008 10:05 am)

Yeah... you have to subtract from his costs the currrent value of the Corolla, and also the gain in value of the truck, considering 150K less miles on it...
 
Then there are the non-quantifiable advantages of having an extra car, etc..
#11945 of 15357
Re: GB [guss] by qbrozen
May 15, 2008 (11:00 am)
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Replying to: guss (May 15, 2008 10:26 am)

well, lesseee... looks kind of worn and pretty dirty to me. Things like that bug me. I like to see a car was taken care of. Especially a euro car.
 
The base engine won't thrill you, but you do drive an Escape, so it might not bother you, either. I guess you could do worse for the money. I certainly wouldn't expect the 31mpg the ad claims, however. I think 27-28 might be about as good as it gets.
 
If it were me, I'd want to go up a bit. an '04 and up 2.5T (the '03 2.5T was only available with AWD). You sacrifice very little in mileage (maybe 1-2 mpg), you gain an immense amount of fun and drivability, and the 2.5T is a really durable engine.
 
I guess the big questions are: how many miles on your Escape? What mileage do you get in it?
 
edit: I just looked it up. 2.4 is rated at 22/31 and the 2.5T is 22/30. And its maybe worth $500 more. I think that's a no brainer, personally.
#11946 of 15357
fezo by qbrozen
May 15, 2008 (11:41 am)
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I was surfing around for a coworker (that one with the Xterra) and came upon this Celica GT
 
Low miles, but 7 years older than yours. I think it makes yours look like a heckuva deal.

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