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post me out of buying a new car
11-17-2008, 07:24 PM
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#1
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 73
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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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11-17-2008, 07:28 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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You have to ask? 
__________________
Numbers is hard
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11-17-2008, 07:29 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Umm, why do you feel the need to part with 11 grand to trade one perfectly good car for another?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-17-2008, 07:32 PM
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#4
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 73
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 Quote:
Originally Posted by brewer12345
Umm, why do you feel the need to part with 11 grand to trade one perfectly good car for another?
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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!!
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11-17-2008, 07:34 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by Yankees Rule
I know I should do nothing, but maybe its all the free time!!
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$11K doesn't sound free to me... 
__________________
Numbers is hard
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11-17-2008, 07:35 PM
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#6
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,602
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I'd say keep your old ride another 10 years
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11-17-2008, 07:36 PM
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#7
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 73
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Quote:
Originally Posted by Ronstar
I'd say keep your old ride another 10 years
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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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11-17-2008, 07:36 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Yankees Rule
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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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?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-17-2008, 07:37 PM
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#9
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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The new car doesn't even get better mileage--
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11-17-2008, 07:38 PM
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#10
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 73
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Quote:
Originally Posted by brewer12345
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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I new you people here would be able to quickly talk me out of the idea. Thank you .
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11-17-2008, 07:39 PM
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#11
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 73
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Quote:
Originally Posted by Bestwifeever
The new car doesn't even get better mileage--
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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!
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11-17-2008, 07:41 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Yankees Rule
I new you people here would be able to quickly talk me out of the idea. Thank you .
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-17-2008, 07:41 PM
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#13
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 73
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Brewer again thank you, and my wife thanks you!
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11-17-2008, 07:49 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by Yankees Rule
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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Or take $500 or so, and buy a nice utlity trailer, put a hitch on the car.
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-17-2008, 07:50 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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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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"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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11-17-2008, 07:54 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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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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11-17-2008, 08:02 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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Quote:
Originally Posted by FinanceDude
Or take $500 or so, and buy a nice utlity trailer, put a hitch on the car.
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] 
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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11-17-2008, 08:19 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Keep what you have now, save your money and buy a Corvette.....
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There's no need to complicate, our time is short..
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11-17-2008, 09:06 PM
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#19
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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Buy American 
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11-17-2008, 09:09 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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Then you have to can buy another new car in 5 years. 
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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