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post me out of buying a new car
Old 11-17-2008, 08:24 PM   #1
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post me out of buying a new car

looked at a toyota 4 cyl 5 speed tacoma pre runner today a 2009 model. Price with nice options around 20K. I have 9K of trade in value and cash to pay the rest of the 11K. My old ride only has 65K miles on it and is a fine great car. Only driving about 1000 miles a month these days. the pre runner gets avg 25 mpg my car now gets about 30.

Post to me people what should I do?
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Old 11-17-2008, 08:28 PM   #2
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You have to ask?
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Old 11-17-2008, 08:29 PM   #3
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Umm, why do you feel the need to part with 11 grand to trade one perfectly good car for another?
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Old 11-17-2008, 08:32 PM   #4
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Umm, why do you feel the need to part with 11 grand to trade one perfectly good car for another?
Had trucks for years then I stopped driving so many miles and looked at the new ones today with all the nice bells and whistles and well, you know what happens. I know I should do nothing, but maybe its all the free time!!
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Old 11-17-2008, 08:34 PM   #5
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I know I should do nothing, but maybe its all the free time!!
$11K doesn't sound free to me...
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Old 11-17-2008, 08:35 PM   #6
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I'd say keep your old ride another 10 years
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Old 11-17-2008, 08:36 PM   #7
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I'd say keep your old ride another 10 years
I can do that. Probably will, maybe I need to buy something else. Maybe a kite and fly the thing tomorrow. Its gonna be cold and windy!!
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Old 11-17-2008, 08:36 PM   #8
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Had trucks for years then I stopped driving so many miles and looked at the new ones today with all the nice bells and whistles and well, you know what happens. I know I should do nothing, but maybe its all the free time!!
Its your money. But I cannot see it being worth it. What else could you do with $11k that would bring you more pleasure than swapping cars? And would you be so happy with that truck if gas goes back to $4 a gallon?
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Old 11-17-2008, 08:37 PM   #9
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The new car doesn't even get better mileage--
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Old 11-17-2008, 08:38 PM   #10
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Its your money. But I cannot see it being worth it. What else could you do with $11k that would bring you more pleasure than swapping cars? And would you be so happy with that truck if gas goes back to $4 a gallon?

I new you people here would be able to quickly talk me out of the idea. Thank you .
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Old 11-17-2008, 08:39 PM   #11
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The new car doesn't even get better mileage--
I know I know, but it can carry stuff like mulch and dirt and other things. But in retrospect I can have all of that stuff delivered, or borrow the neighbors truck!
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Old 11-17-2008, 08:41 PM   #12
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I new you people here would be able to quickly talk me out of the idea. Thank you .
Don't believe for a minute that I am immune to the siren call of a cushy new ride. Definately tempting to trade my 135k wagon for something spiffier. But since I will likely be driving very little in the near future, it is silly to even think about it, let alone the waste of money when I have a perfectly good car that I will almost certainly have for another 5+ years.
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Old 11-17-2008, 08:41 PM   #13
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Brewer again thank you, and my wife thanks you!
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Old 11-17-2008, 08:49 PM   #14
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I know I know, but it can carry stuff like mulch and dirt and other things. But in retrospect I can have all of that stuff delivered, or borrow the neighbors truck!
Or take $500 or so, and buy a nice utlity trailer, put a hitch on the car.
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Old 11-17-2008, 08:50 PM   #15
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the exotic new car smell is once again defeated by the sound of a brick being thrown and hitting its target.
whew!
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Old 11-17-2008, 08:54 PM   #16
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Lets break this down.
--You drive 1000 miles per month, so you spend 220 hours per year in the car.
-- Cost of the new car:
--Higher gas cost (@$2.50/gal)= $200 per year
-- Time value of your $11k at 8% per year (we've had a big drop, stocks are cheap now--but you're buying a truck instead): $900 per year
-- Higher insurance payment: Approx $200 per year
-- Higher depreciation: ?? 1500 per year ??
-- Only offset by reduced maintenance: Approx $600/yr
- Net higher cost for the year: $2200.

So, it will cost you $10/hour EXTRA for each hour you drive this new truck compared to your present car. Worth it? Would you really pay somebody $10 an hour to let you drive this new vehicle rather than your old one?
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Old 11-17-2008, 09:02 PM   #17
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Or take $500 or so, and buy a nice utlity trailer, put a hitch on the car.
]
Harbor Freight Tools - Quality Tools at the Lowest Prices

$329 at Harbor Freight. Add a sheet of CDX or treated plywood ($50) and you'll haul 1100 lbs with ease, have more flexibility in getting stuff on/off, and not have a care in the world about scratching it up. And, it folds in half and stands on end--store it in your garage.
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Old 11-17-2008, 09:19 PM   #18
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Keep what you have now, save your money and buy a Corvette.....
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Old 11-17-2008, 10:06 PM   #19
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Buy American
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Old 11-17-2008, 10:09 PM   #20
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Then you have to can buy another new car in 5 years.
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