Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
FIRE Car
Old 07-20-2009, 07:13 AM   #1
Recycles dryer sheets
 
Join Date: Sep 2004
Posts: 330
FIRE Car

What type/model car do most FIRE folks purchase/drive ? Just wondering, since besides a fashion statement and comfort a car's only purpose is to take you safety and in reasonable comfort from point A to point B.

You can get a year old Toyota Camry for 13-14k !

An old, financially well off, friend who drives a Toyota Corolla wtih 175k miles says if he "needs" a fancy car for long trip or "special " occasion he just goes and rents one for 1-5 days...........he doesn't have to work, but does so more as a hobby and when he wants to, he takes off for 4-5 months.

I recently met a lady at a restaurant who works there because she was laid off from the local Lincoln Mercury dealership as the Finance coordinator. She said even with the drop in prices and incentives people aren't buying high end vehicles and salesmen aren't selling ANY cars !!!
__________________

__________________
ferco 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 07-20-2009, 08:23 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2006
Posts: 1,183
Hopefully a reliable car they can afford! Your friend has a good plan for him. And I think the lady in the restaurant is wrong unless it is an isolated area. My 25 year old daughter bought a new jeep SUV last month. When I went to the dealership with her, there were what appeared to be a few other purchasers there at a Chrylser Jeep dealership that was losing their franchise. Later on today I am in for a service job and warranty check at Cadillac and will let you know what is happening.
__________________

__________________
crazy connie is offline   Reply With Quote
Old 07-20-2009, 09:08 AM   #3
Thinks s/he gets paid by the post
Rambler's Avatar
 
Join Date: Jul 2007
Posts: 2,243
Gonna use the same cars we have now...probably drive them into the ground. 1) honda odyssey, 2) Toyota Tundra. When they die, we'll decide on a new one, probably something like a Honda Fit for local and long distance driving, and a Tundra or equivalent for trailering and work around the house.

R
__________________
Find Joy in the Journey...
Rambler is offline   Reply With Quote
Old 07-20-2009, 09:20 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Get a used Hyundai, warranty almost forever........
__________________
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 07-20-2009, 10:42 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,526
We have a pair of hondas (civic and accord). 9 yrs old, we bought them new though. Will probably replace them with similar cars sometime in the near future.
__________________
FUEGO is offline   Reply With Quote
Old 07-20-2009, 11:30 AM   #6
Thinks s/he gets paid by the post
IndependentlyPoor's Avatar
 
Join Date: Jul 2009
Location: Austin
Posts: 1,142
We have a 2007 Honda Civic, and it has served us well: we have driven it to Sarasota and Vancouver with nary a problem. It looks pitiful now after a hail storm, like a madman attacked it with a ball-peen hammer. Our high-deductible insurance didn't begin to cover the cost of repair, so we just cashed the check.
Now it languishes in its parking place. We live within walking distance of the grocery store, post office, and library, so we often go for days without even starting it.
We just paid off its loan. We decided to finance its purchase because we are planning/hoping to buy a condo and needed to get back on the credit agencies radar screens. They don't like it when you haven't borrowed any money in more than 10 years.

Here is a photo in Capitol Gorge, Utah.
IMG_6734.jpg
Capitol Reef National Park, Utah
__________________
IndependentlyPoor is offline   Reply With Quote
Old 07-20-2009, 11:42 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
The Nissan Cube is attractive to me - like it's headroom, it's shorter than a Mazda Miata, good fuel economy. Went out and flogged it's CVT transmission and am not sure there's enough oomph for my taste. BMW does offer a nice balance of fuel economy and power and a used Bimmer can be had with a bunch more bells and whistles for a 1/3 the cost of a new Cube (about 20k after addons). Course new = warranty...
__________________
calmloki is offline   Reply With Quote
Old 07-20-2009, 11:47 AM   #8
Recycles dryer sheets
Life_is_Good's Avatar
 
Join Date: Mar 2007
Posts: 227
We have the same cars that we were driving during my working years.

I've been considering trading in and using the "cash for clunkers" program. The government sees my Camaro Z28 as a clunker. On the hwy (using cruise control), I can get over 25 mpg. In my eyes, it's anything but a clunker!

I can't see trading in my fun car for an underpowered boxy looking car. I just don't think I can do it.
__________________
Life_is_Good is offline   Reply With Quote
Old 07-20-2009, 01:11 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
Posts: 2,161
I keep my wife in the new car (2008 Saturn Vue) and I drive a 1997 Ford Escort. The Saturn gets 20 mpg in town but it doesn't make too much difference since we don't put that many miles on the car to worry about gas prices. We've had it 1 1/2 years and it has 6800 miles on the odometer. It's been a great SUV so far and I'm thinking about buying it when the lease is up for the $12000 risidual value. Depends on what Kelly Blue Book says it's worth at the end of the lease. I always want her in a nice car that won't give out on her in the middle of I-75 ar some God forsaken place. I'd like to get her the new style Cadillac CTS since I still get an employee discount: but I'm still too angry with GM and might buy a new Hyundai Genesis. Beautiful looking car and rated high by Consumer Reports.
__________________
JOHNNIE36 is offline   Reply With Quote
Old 07-20-2009, 04:13 PM   #10
Moderator Emeritus
Khan's Avatar
 
Join Date: Aug 2006
Location: Pine Island, Florida
Posts: 6,868
Send a message via AIM to Khan
I drove a Ford Festiva from '89 to '07; traded it in for a '05 Kia Rio because it was the smallest car they had on the lot.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 07-20-2009, 04:46 PM   #11
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
5 years ago I purchased a 1998 ford taurus for 4K. I retired almost 3 years ago and continue to drive the taurus. As long as it keeps going I will keep it. I maintain it myself mostly and it runs great.
__________________
73ss454 is offline   Reply With Quote
Old 07-20-2009, 07:15 PM   #12
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,822
In retirement I could stick with the same type of car as when I was working, along the lines of a Camry or else a Honda Accord coupe.

Or, I could get something that would be more convenient for carrying stuff instead of people, like a Highlander.

I could afford a luxury car like a Cadillac, Lincoln, or Mercedes, and I do love my luxury. On the other hand, I don't plan to drive very much in retirement and a little Corolla would be convenient and just as nice for short trips to the store.

Decisions, decisions. Only one thing is for sure: whatever car I purchase will have a sunroof/moonroof. That just has to happen.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 07-20-2009, 07:29 PM   #13
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by ferco View Post
n old, financially well off, friend who drives a Toyota Corolla wtih 175k miles says if he "needs" a fancy car for long trip or "special " occasion he just goes and rents one for 1-5 days...........he doesn't have to work, but does so more as a hobby and when he wants to, he takes off for 4-5 months.
Same here. When our kid goes off to college (391 days!) we're going to donate the '97 Altima to charity and drive the '06 Prius. That'll save $400/year of insurance premiums, another $175/year of inspections/registration, and probably $500-$1000/year in repairs/maintenance. That's at least three weeks of rentals around here.

Quote:
Originally Posted by 73ss454 View Post
5 years ago I purchased a 1998 ford taurus for 4K. I retired almost 3 years ago and continue to drive the taurus. As long as it keeps going I will keep it. I maintain it myself mostly and it runs great.
Our '94 Taurus wagon had great hauling volume but the gradual rotting & crumbling of the interior trim & plastic sure was discouraging.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 07-21-2009, 02:29 PM   #14
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
We live in the Florida sun and I haven't had any problem with the interior trim. My 98 taurus lays out in the sun and is not garaged. I use protectant 303 on all the interior plastic and the dash and it looks brand new.
__________________
73ss454 is offline   Reply With Quote
Old 07-21-2009, 04:30 PM   #15
Full time employment: Posting here.
cardude's Avatar
 
Join Date: Feb 2006
Posts: 599
When I quit the car biz I bought a 2003 Suburban LT, leathered up, DVD player and all that with 82K miles. Bought if from a wholesaler-buddy of mine for $7150. It's a gas hog at 18 mpg on the hwy (if I go 65), but it pulls the boat and is great for vacations, and I know how to work on it (most things) if it breaks so that's why I need to stick with what I know.

Wife drives the same 2006 Chrysler 300 she did when we owned the place. She is not all caught up on cars, and neither am I. Since I was around them all the time they just because a way to get around and nothing else.
__________________
cardude is offline   Reply With Quote
Old 07-21-2009, 04:36 PM   #16
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,031
Right now I have a VW Jetta 1.8T, but it is very expensive to maintain. My next car will be Japanese. Right now I could be tempted by the Camary or the Mazda 3/6. My wife has a Miata and will replace it in 2011 with another Miata.
__________________
FIREd is offline   Reply With Quote
Old 07-21-2009, 05:12 PM   #17
Full time employment: Posting here.
 
Join Date: Dec 2006
Posts: 886
I'm still driving my 2004 diesel Ford Mondeo Estate currently with 204,000 km (126K miles) on it. Runs like new. Wife has an interest in learning to drive, so I'd be looking at a used Hyundai Getz for her possibly in the future.
__________________

Trek is offline   Reply With Quote
Old 07-22-2009, 11:18 AM   #18
Full time employment: Posting here.
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 862
97 Toyota Caldina station wagon (converted to natural gas/converted to left hand drive) only 65,000 miles (I can walk to everything and taxis are $1.00/buses $.30 around town). Insurance runs about $30.00/year and maintenence another $100-$200. My wife wants to learn how to drive (but I do not think it would be socially responsible)!

I have always been a "car freak" but there is no point in a new car (down here) and used cars are plentiful and cheap.

If I bought new it would be a Hyundai H-1 van or maybe one of the new Chinese brands that are all the rage.
__________________
NYEXPAT is offline   Reply With Quote
Old 07-22-2009, 01:41 PM   #19
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,494
DW put off buying a new car while she was still working (didn't want it beat up in the parking garage) and we bought her a new '03 Buick Century when we moved. Six months later we bought a new '03 GMC Sierra 4WD pickup to replace the '85 Chevy pickup. We intend to keep both until parts availability or reliability become issues. Both are garaged and meticulously maintained so hopefully they'll be around a while.

Last December I bought an '08 Suzuki C90T touring motorcycle. It came with saddlebags, and I'm thinking of getting a sissy bar bag too. 49.95 mpg and weather/load permitting I ride that whenever possible instead of the pickup. If I go to the store for a prescription or small shopping errand I take the bike.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 07-22-2009, 05:40 PM   #20
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Largo
Posts: 1,945
Anyone buy a Smart Car yet?
__________________

__________________
Buckeye 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


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Heresy: On Fire for Semi-FIRE Whisper9999 Young Dreamers 21 10-19-2008 09:39 AM
My car after its annual car wash.... thefed Other topics 11 05-21-2008 11:50 PM
Car ?? steve88 Other topics 6 01-11-2008 08:28 PM
Financing a car/car buying advice usc_et Young Dreamers 14 11-01-2005 11:59 AM
I need to get a new car! laurence Other topics 124 06-10-2005 09:35 PM

 

 
All times are GMT -6. The time now is 08:17 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.