You are here: Forums Smart Shopper Buying New vs. Used Vehicles

Buying New vs. Used Vehicles

121 messages,  Last post on Apr 01, 2009 at 5:26 AM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Buying

Messages Page 7 of 13 1 ... 4 5 6 7 8 9 10 ... 13 Prev Next Last

Go To Msg # Search This Discussion

#52 of 121 Re: New vs Used [yaffi] by bobst Jan 19, 2007 (8:50 pm)
Replying to: yaffi (Jan 19, 2007 3:48 pm) My suggestion is to keep the Sebring until it has 100K miles.   During that time, look at different models of cars so you will know exactly what kind of car you want to replace the Sebring.
#53 of 121 Re: When do you get rrid of that used car ??? [jasmith52] by the_big_al Jun 27, 2008 (3:16 pm)
Replying to: jasmith52 (Sep 26, 2006 2:51 pm) Even though this post is a few months old - I'll throw in my 2 cents worth and say get rid of that car when the costs per month of keeping it on the road exceed the costs per month of a newer financed vehicle.   .....   Now that I think about that maybe I should clarify a little more since a financed amount can vary drastically and so can the monthly car payment. I would venture to say replace the vehicle when car repairs exceed 200-300 a month. The last 2 cars I purchased I finaced and the payment was around 300. If you are spending more than that to keep a car on the road, then there are probably some serious reliability issues and the security of having a car that won't break down in the middle of the road versus have a minimal car payment is worth it.   Of course if you shop well, you should be able to find any number of good reliable used cars that won't exceed a $300 monthly payment when financed.   It would be better to be able to pay cash for a vehicle, but as of yet I have been unable to. Hopefully that will change by the next time I am ready to purchase a vehicle..... And again hopefully I won't need a vehicle for a while since both of mine are paid off and running just fine.
#54 of 121 Re: New vs Used [yaffi] by cccompson Jan 20, 2007 (3:43 am)
Replying to: yaffi (Jan 19, 2007 3:48 pm) Fix what you have and drive it. You've already taken a big hit on depreciation. With the exception of a Celica, the models you've listed are more expensive to buy and repair than what you have now. Toyota hasn't made a Celica 'vert since the last century. They are excellent cars but examples tend to be pricey and have lots of miles on them.   You might also consider a Mustang or Toyota Solara, whether new or late model used.
#55 of 121 Re: Buying New vs. Used Vehicles [kirstie_h] by lexusdriver Jul 19, 2007 (1:20 pm)
Replying to: kirstie_h (Sep 01, 2006 6:55 am) There is a reason why almost every car manufacturer has two divisions   1. Regular: Honda, Toyota, Nissan, Ford, VW etc. 2. Luxury: Acura, Lexus, Infinit, Volvo, Audi etc.   If you are willing to spend $25,000 on a car then the choices are pretty clear it's either a new [Regular] car or a used [Luxury] car.   Other than that it's all a matter of personal choices because while some might view a used car as taking over another person's problems other view it as a tested and economy buy.   I think mostly female drivers opt for newer cars and male drivers for used ... but I could be way off on this too.
#56 of 121 how long to keep the car? by yaffi Jul 19, 2007 (2:19 pm)
#57 of 121 time for a new car? by yaffi Jul 19, 2007 (2:22 pm)
ok. my 2003 sebring covert is off warantee now for a year. In addition i see that a new convertible top and window will cost around 2000. I owe almost 10,000 on the car which is the break even pt. I know i can get 9,000 for it to trade it in. I am wondering if now is the time to get a used audi with low mileage, a 2004,5, or 6 and with a warantee of at least 3 -4 years. Replies to this message: dtownfb (Jul 20, 2007 7:29 pm)
#58 of 121 Re: time for a new car? [yaffi] by dtownfb Jul 20, 2007 (7:29 pm)
Replying to: yaffi (Jul 19, 2007 2:22 pm) why not keep the car until you pay it off? Does the car need a new convertible top and window? Since you are considering a late model Audi, I'm assuming money is not the issue.   Eveythign I have read on these forums points that Audis are not the most reliable cars and can be expensive to repair so the warranty is probably a good idea.
#59 of 121 advice by leomort Oct 08, 2007 (6:40 pm)
I'm thinking of trading my 2001 Ford Explorer for a more fuel effecient vehicle. There's nothing mechanically wrong with the Explorer. I was driving a '99 Chevy Prizm back & forth to work, roundrip 56 miles,but now wife will be driving and I'll be left with the Explorer. It's paid off and I have ~$10,000 saved up to put toward a new(er) car.   What's your thought? Get new(er) more fuel effecient vehicle or keep the Explorer and pay at the pump?                               Leo Replies to this message: tidester (Oct 08, 2007 10:02 pm)
#60 of 121 Re: advice [leomort] by tidester HOST Oct 08, 2007 (10:02 pm)
Replying to: leomort (Oct 08, 2007 6:40 pm) From a purely business perspective, which is cheaper - paying a little more at the pump (Explorer) or making monthly payments to the bank (new vehicle)? If you opt for keeping the Explorer then you can continue to save up for a new car that you could buy without financing.   I'm guessing your Explorer has something between about 72,000 and 84,000 miles on it so you likely still have plenty of miles left on it.   tidester, host SUVs and Smart Shopper
#61 of 121 Advice: Explorer by leomort Oct 08, 2007 (10:17 pm)
Tidester,   Good guestimate. The Explorer has 83,3xx miles on it. So let's do some math. Roughly 4gallons a day per commute. Multiplied by three days. So roughly filling up twice a week. 30gallons/week * ~$3/gallon= ~$90/week. Which would equal ~$360/month.   So to get ahead or break even, I'd have to get my car payments AND gas for the month to below that figure. Pretty close call but it looks like I'm at the break even point. Might as well keep the Explorer. Just amazed at how expensive new cars are and how little you get for trade-in!!                            Leo Replies to this message: tidester (Oct 08, 2007 10:39 pm)

Messages Page 7 of 13 1 ... 4 5 6 7 8 9 10 ... 13 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Smart Shopper Buying New vs. Used Vehicles