Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 09-27-2012, 08:57 AM   #41
Thinks s/he gets paid by the post
Finance Dave's Avatar
 
Join Date: Mar 2007
Posts: 1,046
Quote:
Originally Posted by Throwdownmyaceinthehole View Post
Can I hijack this thread? In June 2013 we will be returning to the US and have to buy two vehicles - this will also be the start of FIRE!!!. We are 58/59 and are trying to decide if we need two NEW cars or buy used. If we buy new - will it last us the 20 years until we can't drive anymore, or buy 2 used that will last 10 years, then go down to just one car. We don't expect to put many miles on - after all, I won't be commuting any more! Any thoughts?? I know I could look at it as $200 bucks a month, but would like to hear others experiences. I have always bought new.
Depends on your financial situation....but...

Maybe buy one new car that you use when you go places together...your "main" car (call it "car A"). Then buy a 5-6 year old car (we'll call it "car B") for those times when you both need your own car...take turns using it. Then in about 5 years, Buy another "new" car to replace car B, and you'll again have one really nice car, and one that's "so so".

If this would stretch your finances, then instead of buying brand new, make car A a 2-year-old car.
__________________

__________________
"Live every day as if it were your last, and one day you'll be right" - unknown
Finance Dave is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-27-2012, 09:45 AM   #42
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Finance Dave View Post
Maybe I should start a thread on simple things you can do to maintain your car or make it last longer.
For sure, and get the mods to "sticky" it..........

I have some knowledge, but not a mechanic by any stretch of the imagination.
__________________

__________________
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.........:)
FinanceDude is offline   Reply With Quote
Old 09-27-2012, 12:36 PM   #43
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,369
As my car approaches its 11 th birthday with 180k, I have began to think more about this. I am beginning to think I got lucky and have one of those cars that just isn't prone to breaking down. Even though it may cost as much as the value of the car, I'm thinking about just overhauling tranny and engine at some point and just keep rolling with it. Liability insurance only and low property taxes reinforce this in my mind. It is very liberating knowing that some idiot who dents your car in a parking lot will create no anger since it already has several. My car is the one now who brings fear into the hearts of other car owners.
The only question I weigh on is possible inconvenience and stress of a highway break down. I enjoy being frugal in my car expenses, but don't want to be cheap in relation to dealing with constant vehicle problems, since I do have the money for a new one.
__________________
Mulligan is offline   Reply With Quote
Old 09-27-2012, 01:17 PM   #44
Thinks s/he gets paid by the post
Finance Dave's Avatar
 
Join Date: Mar 2007
Posts: 1,046
Quote:
Originally Posted by FinanceDude View Post
For sure, and get the mods to "sticky" it..........

I have some knowledge, but not a mechanic by any stretch of the imagination.
SHould I just post within that thread to have a mod sticky it?
__________________
"Live every day as if it were your last, and one day you'll be right" - unknown
Finance Dave is offline   Reply With Quote
Old 09-27-2012, 01:23 PM   #45
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359
What do you think ? Can I get a few more miles out of this ?

The operating cost (other than gasoline) is very low.
Attached Images
File Type: jpg Inexpensive_transportation.jpg (62.5 KB, 285 views)
__________________
MasterBlaster is offline   Reply With Quote
Old 09-27-2012, 01:41 PM   #46
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,369
Quote:
Originally Posted by MasterBlaster
What do you think ? Can I get a few more miles out of this ?

The operating cost (other than gasoline) is very low.
Now if that thing has any life to it at all, it would bring sheer terror to any car owner that is parked in a public parking lot.
__________________
Mulligan is offline   Reply With Quote
Old 09-27-2012, 01:52 PM   #47
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
Quote:
Originally Posted by Mulligan View Post
My car is the one now who brings fear into the hearts of other car owners.
I love being this person/car. And our old beaters have the benefit of being old lady cars, so all the better.

And we hedge our bets by keeping the AAA current (gotta have it for the crown jewel of the POS fleet, the 1976 Airstream motorhome) so they can get us back to the house if we break down "out there".

But I'll tell you, knock wood, I've only had one single solitary time that a car broke down out-of-town, and it was a couple hours away from home in one of the Saturns. Guy towed us back to town and we wound up having to get a weld job on the engine block.

So once in maybe 20 some-odd years of driving beaters isn't too bad of a record. We've had in-town tows by AAA more than a few times, but maybe we just don't do that much highway and out-of-town driving, or maybe lucky. The AAA is a lot cheaper than a new car, is what I figure, and it covers the whole POS fleet.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 09-27-2012, 01:59 PM   #48
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 2,056
Quote:
Originally Posted by MasterBlaster View Post
What do you think ? Can I get a few more miles out of this ?

The operating cost (other than gasoline) is very low.
Eh, you can strip those old GM cars down further than that, and they'll keep running!
__________________
Andre1969 is offline   Reply With Quote
Old 09-27-2012, 02:00 PM   #49
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,369
Quote:
Originally Posted by Sarah in SC

I love being this person/car. And our old beaters have the benefit of being old lady cars, so all the better.

And we hedge our bets by keeping the AAA current (gotta have it for the crown jewel of the POS fleet, the 1976 Airstream motorhome) so they can get us back to the house if we break down "out there".

But I'll tell you, knock wood, I've only had one single solitary time that a car broke down out-of-town, and it was a couple hours away from home in one of the Saturns. Guy towed us back to town and we wound up having to get a weld job on the engine block.

So once in maybe 20 some-odd years of driving beaters isn't too bad of a record. We've had in-town tows by AAA more than a few times, but maybe we just don't do that much highway and out-of-town driving, or maybe lucky. The AAA is a lot cheaper than a new car, is what I figure, and it covers the whole POS fleet.
Thats funny you wrote that, because that is exactly why I signed up for AAA. It also has saved me a few bucks on hotels, too.
__________________
Mulligan is offline   Reply With Quote
Old 09-27-2012, 02:40 PM   #50
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 5,163
I'm in the camp of replacing a car when it gets unreliable. The mountains are pretty tough on cars and a lot of my driving it outside of cell service, so AAA isn't a total solution. Plus if a car totally craps out, I'd have to buy a new (or newer) one with more urgency, and probably won't be able to work as good of a deal.

That said, my cars are 15 and 8 years old, with no signs of becoming unreliable. I've thought about new cars, but the replacements I have in mind aren't considerably better than what I'm driving now. Plus, it's liberating to have a car that a dent or ding doesn't really matter so much. I won't drive these cars into the ground, but they'll be tasting the dust.

Safety is a factor, but I haven't seen enough new things to get me to go newer, and I'm not ready to pay the 1000s on top of upscale cars that have collision avoidance and things like that.

My one breakdown post-college was lucky in that I broke down on the Washington Beltway, about a mile from the Saab dealer. It was Sunday so we had to stay overnight, but there was a motel right down the street.
__________________
RunningBum is offline   Reply With Quote
Old 09-27-2012, 03:30 PM   #51
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
When to replace the jalopy?

When DW says I can ...

BTW, speaking of Olds Cutless Ciera's. We bought one (new) in '89 and traded it in 2006 (17 years), with well over 100k on it. It was built like a tank.

While it still ran well and never had any problems (other than normal maintenance items), it didn't have some current safety items - such as airbags, anti-lock brakes, etc.

It was more of a "it's time" situation. We traded it on an '02 Olds Aurora that an old couple (much older than us ) and only had 20K on the odometer - after four years. DW still uses it as her daily driver and only has a bit over 40k on it - not much for a 10 year old car.

At least it gets used more than my "baby" - an '02 Mustang GT vert that only has 19k on it after 10 years . It's my "sunday car" (the sun has to be out to drive it.) But that's a whole other story.

And speaking of 1/2 price Caddy's? I purchased an '05 SRX in early '08 since I wanted an AWD with a bit more space to use since I deliver Meals on Wheels a couple of times a week. Have to ensure the folks get fed, regardless of the weather. It just hit 50k this week. BTW, I purchased i on EBay Auto's (auction) for a lot less than similar used vehicles locally that were available, even though I had it delivered to my door via car hauler from the Caddy dealer in Detroit.

The only "problem" it has is that it only gets 12-14 MPG, since it uses the old Northstar V8. However, since we don't do car trips anymore (DW hates the interstate - we fly/drive whenever possible) and I only fill the tank every 4-6 weeks, it's really not a problem for me.

Luckily, the passion I had for cars at a much younger age has gone away, when I would trade/buy a new one every few years.
__________________
rescueme is offline   Reply With Quote
Old 09-27-2012, 03:50 PM   #52
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
Dang, Rescueme, I'd have taken that Cutlass off your hands happily, as I usually buy them at the 100k mile mark! I love those tanks--we've had two!
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 09-28-2012, 12:43 PM   #53
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by rescueme View Post
When to replace the jalopy?

When DW says I can ...

BTW, speaking of Olds Cutless Ciera's. We bought one (new) in '89 and traded it in 2006 (17 years), with well over 100k on it. It was built like a tank.

While it still ran well and never had any problems (other than normal maintenance items), it didn't have some current safety items - such as airbags, anti-lock brakes, etc.

It was more of a "it's time" situation. We traded it on an '02 Olds Aurora that an old couple (much older than us ) and only had 20K on the odometer - after four years. DW still uses it as her daily driver and only has a bit over 40k on it - not much for a 10 year old car.

At least it gets used more than my "baby" - an '02 Mustang GT vert that only has 19k on it after 10 years . It's my "sunday car" (the sun has to be out to drive it.) But that's a whole other story.

And speaking of 1/2 price Caddy's? I purchased an '05 SRX in early '08 since I wanted an AWD with a bit more space to use since I deliver Meals on Wheels a couple of times a week. Have to ensure the folks get fed, regardless of the weather. It just hit 50k this week. BTW, I purchased i on EBay Auto's (auction) for a lot less than similar used vehicles locally that were available, even though I had it delivered to my door via car hauler from the Caddy dealer in Detroit.

The only "problem" it has is that it only gets 12-14 MPG, since it uses the old Northstar V8. However, since we don't do car trips anymore (DW hates the interstate - we fly/drive whenever possible) and I only fill the tank every 4-6 weeks, it's really not a problem for me.

Luckily, the passion I had for cars at a much younger age has gone away, when I would trade/buy a new one every few years.
The V-6 models had some issues, but the old 2.5 4 cylinder "Iron Duke" engines were great.........
__________________
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.........:)
FinanceDude is offline   Reply With Quote
Old 09-28-2012, 08:38 PM   #54
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by FinanceDude View Post
The V-6 models had some issues, but the old 2.5 4 cylinder "Iron Duke" engines were great.........
Unlike a lot of the '89 Cutless Ciera's which used the 2.8 V6, ours had the 3.3 (Buick) V6 which was a scaled down version of the venerable 3.8 used in a lot of GM vehicles (like my '82 Olds 88).
__________________
rescueme is offline   Reply With Quote
Old 09-28-2012, 09:23 PM   #55
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,614
Quote:
Originally Posted by Throwdownmyaceinthehole View Post
Can I hijack this thread? In June 2013 we will be returning to the US and have to buy two vehicles - this will also be the start of FIRE!!!.
I agree with Finance Dave. As a practical matter, well built and engineered cars that are economical (Hondas, Toyotas, some US cars of comparable quality, etc) don't depreciate very much in their first few years of ownership, so you don't get a great deal buying a car that's a few years old, but you also take the risk that it might not have been treated well. If you can afford it, get a new car that you like and that you'll hold onto for many years. Then, get a 10 YO used car that is for around town use (not a huge hassle if it breaks down) or if you both need to be out driving. Also, if you have need for a truck or a van for hauling stuff, this second car can serve that function while you keep the new(er) car nice. Freshly salted wet road? Drive the old car, etc.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 09-29-2012, 08:29 PM   #56
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,494
Quote:
Originally Posted by Throwdownmyaceinthehole View Post
We don't expect to put many miles on - after all, I won't be commuting any more!
Ha, that's what I thought!

It took DW 14 years to put 125k miles on her '89 Olds Cierra. Now that she's not working, it only took 10 years to put 140k miles on the '03 Buick Century. The Buick is having a much easier time of it since there isn't the stop and go traffic of the DC area to deal with and this one is garaged. Those two issues are why I'm more optimistic about it's longevity.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is online now   Reply With Quote
Old 09-30-2012, 08:43 AM   #57
Recycles dryer sheets
WestLake's Avatar
 
Join Date: Jun 2011
Posts: 239
I have 1995 F-150 4.9 L V-6 stick purchased new for $12,000. It's got 112,000 miles (I live in Central Dallas - only buy gas once per month - 2 tanks) and I'm told with that classic engine (first used in 1966) that it can go to 250,000 miles or more.

I've gotten hit a couple of times and the insurance company tried to total it, but I talked them out of doing so. I actually love it now much more than in years past. I have travel stickers from all over the world on the back bumper - I am a fan of irony.

It is the most popular vehicle of "The Millionaire Next Door"!
__________________
WestLake is offline   Reply With Quote
Old 09-30-2012, 11:45 AM   #58
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
Posts: 2,161
I think it's great that so many people drive their cars for so many years and it probably is the way to go $wise; however, I can't handle the stress of that kind of ownership. Neither wife nor I could put up with repair costs (unknowns) much less the inconvenience. Our last three vehicles were leased and will probably do it again in another year. May cost more but it's nice to drive something and not have to worry about those repairs much less having a car possibly breakdown while one of us is on the road.

I would have considered purchasing this vehicle at the end of the lease if I liked it better. Would have had a lifetime warranty on the powertrain. But I'm not a big fan of this Honda CRV EXL. I'll be looking for something a little better.

Requirements:
Something with better mileage
Something with a better ride
Something with less road noise
Something with a better quality leather interior
Something with more room for me to get in and out.
Something I will check out more before we get it.
__________________
JOHNNIE36 is offline   Reply With Quote
Old 09-30-2012, 01:08 PM   #59
Thinks s/he gets paid by the post
 
Join Date: Nov 2011
Posts: 2,356
Maybe I'll replace the jalopy before it gets to this point http://www.stillruns.com/index.php
__________________

__________________
GrayHare is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 01:16 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.