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View Poll Results: What is your usual vehicle buying habit?
PAY CASH for a NEW vehicle and drive it into the ground (not worried about resale of trade in value). 156 45.75%
FINANCE a NEW vehicle and drive it into the ground (not worried about resale of trade in value). 32 9.38%
PAY CASH for a NEW vehicle, but TRADE every few years while it still has value. 32 9.38%
FINANCE a NEW vehicle, but trade every few years while it still has value. 4 1.17%
PAY CASH for only USED vehicles because I want someone else to take the big depreciation. 101 29.62%
FINANCE only USED vehicles because I want someone else to take the big depreciation. 11 3.23%
I LEASE vehicles (either personal or through a business). 5 1.47%
I only purchase my cars at the Pebble Beach Concours d'Elegance, and my CPA worries about the details. 0 0%
Voters: 341. You may not vote on this poll

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Old 01-18-2021, 06:55 PM   #101
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...I wonder if our home owning habits are similar? Move every few years, or stay forever in one house (once you get to the correct size for your family)?
we've lived in 4-places over almost 51-years. over that same time we've had 11-cars, all but one was new. with a couple of exceptions new car dealers are a pain but moving....moving is a ginormous pain!
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Old 01-18-2021, 06:58 PM   #102
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How do you offload the car that requires costly repairs without making them though? You cant really sell it without a transmission, etc.. right?? SO you fix it to be able to sell it but at that point it drives fine. We get into this spiral at my housel
For the right price, you can sell anything.
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Old 01-18-2021, 06:58 PM   #103
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I wonder if the reason a majority of us drive them until they have little or no resale value is because our personality is such that we do not want to place ourselves in a situation where we could be taken financial advantage of by a car dealer trying to screw us on the trade in?

If we drive the vehicle until it has little value to us, we control the game and avoid putting ourselves in financial harm’s way.

I wonder if our home owning habits are similar? Move every few years, or stay forever in one house (once you get to the correct size for your family)?
I agree with this. Not necessarily getting screwed on the trade in, but certainly the less often you buy/sell cars the better off you are. If you want to sell it yourself you won't take as bad of a hit but I don't like that process.

This topic had me reviewing my choices for a next car. I really think I'd replace my Forester with another Forester, since I really like how it handles the snow, and I really like X-mode on steep downhills when it's slick. But the new Foresters have known issues with windshields cracking. It sounds like their eyesight system needs a thinner windshield, and that's prone to cracking. Sure you can make sure insurance will cover it but it still seems like a big inconvenience, not mention that insurance companies will figure this out and charge a higher premium for Subarus. So I'd just rather keep my 8 year old Forester with no issues so far.

As for houses, it's a 5-7% realtor fee hit to sell. I don't want to do that every few years unless I have to.
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Old 01-18-2021, 06:59 PM   #104
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1).

Always bought each of my vehicle brand new. Took great care of it. Drove it forever until the cost of repair is greater than its blue book value then I simply sold it to CarMax (no haggling!). Then purchase another vehicle brand new etc. As we all know, the longer we keep our vehicle, the cheaper the per-mile cost. I have been completely happy with this approach.
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Old 01-18-2021, 07:03 PM   #105
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For the right price, you can sell anything.
Sure, but that doesn't mean it's the right move financially.

You've got a car you could sell for $5K because it's old, but doesn't have any problems. The next month the tranny goes out and it'd cost $2500 to replace. You might have to drop the price to $1k to sell that car with a bad transmission. So instead you shell out the $2.5K, but why sell it once it's running again. Hence, the spiral.
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Old 01-18-2021, 07:08 PM   #106
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How do you offload the car that requires costly repairs without making them though? You cant really sell it without a transmission, etc.. right?? SO you fix it to be able to sell it but at that point it drives fine. We get into this spiral at my housel
donate it or sell it for salvage. my very first car was a '59 chevy biscayne. it had 100,000-mi on the odometer when i got it in 1968 and i put nearly 80,000-additional miles on it in less than 2-years. finally lost compression in all cylinders comimg home from work at 1am. had the beast towed for free as i gave it to a salvage yard.
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Old 01-18-2021, 07:10 PM   #107
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How do you offload the car that requires costly repairs without making them though? You cant really sell it without a transmission, etc.. right?? SO you fix it to be able to sell it but at that point it drives fine. We get into this spiral at my housel
Don’t make the repairs and donate it. That way you don’t have to pay to dispose of it. If repairs exceed the value of the car with the repairs done, then it’s worthless. And you have to include in that value the cost and aggravation of getting the repairs completed. I’ve donated to high schools, charities and religious orders that make repairs and give them to very poor people. No spiral here - as a car gets older and more obsolete, it gets one repair away from donation.
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Old 01-18-2021, 07:15 PM   #108
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You've got a car you could sell for $5K because it's old, but doesn't have any problems. The next month the tranny goes out and it'd cost $2500 to replace. You might have to drop the price to $1k to sell that car with a bad transmission. So instead you shell out the $2.5K, but why sell it once it's running again. Hence, the spiral.
That's why my last three trucks have had manual transmissions.
I did have to replace the clutch in my old '67 but it was about 26 years old at the time and had a few hundred thousand miles on it. I wasn't the original owner so it might have been replaced before I bought it but I put close to 100K on it before I replaced the clutch.

My '95 S-10 had 225,000+ miles on the original clutch and I put all the miles except the first 50,000 on it.

My current truck is a 2010 with 120,000+ miles on it and the clutch is still going strong so I plan on keeping it until it's too rusty to drive anymore.

I'm not sure what I'll do once this one dies, though, as it's almost impossible to get a regular-cab truck with a manual transmission in the U.S. anymore.
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Old 01-18-2021, 09:09 PM   #109
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All my cars have manual transmissions. Because I like driving, not just steering.
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Old 01-18-2021, 09:28 PM   #110
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Yes, my example was all about transmission type.
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Old 01-18-2021, 09:43 PM   #111
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I understood your post perfectly. In your hypothetical, I would still sell the car before I would pay for a new transmission.
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Old 01-18-2021, 09:46 PM   #112
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... This topic had me reviewing my choices for a next car. I really think I'd replace my Forester with another Forester, since I really like how it handles the snow, and I really like X-mode on steep downhills when it's slick. But the new Foresters have known issues with windshields cracking. It sounds like their eyesight system needs a thinner windshield, and that's prone to cracking. Sure you can make sure insurance will cover it but it still seems like a big inconvenience, not mention that insurance companies will figure this out and charge a higher premium for Subarus. So I'd just rather keep my 8 year old Forester with no issues so far. ...
Yes, I agree... I'd rather not have EyeSight at this point... I have a friend who has a new Forrester and the windshield cracked. If you drop down to Impreza Sedan or 5-door or Crosstrek or Crosstrek Premium you could order a car without EyeSight. Unfortunately, it is standard on all other models and trim levels.
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Old 01-19-2021, 03:49 AM   #113
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All my cars have manual transmissions. Because I like driving, not just steering.
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Old 01-19-2021, 06:41 AM   #114
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All my cars have manual transmissions. Because I like driving, not just steering.
This post makes me sad. DW and I were dedicated manual transmission drivers for decades, but eventually manuals became impossible to find in the vehicles we wanted. Every vehicle we bought up to 2015 had a manual transmission, every one after automatic. Now out of 3 vehicles we only have one old 2 seater MT sports car (that gets driven much less than our more practical cars/trucks).

And we've become reluctant converts. I commuted through rush hour traffic for my last 4 years of w*rk in a MT vehicle and had a lot of foot pain. When I have to go into the city these days it really is much more comfortable driving one of our AT vehicles. Also DW is a college professor and goes on lots of field trips with students. Sometimes it's nice to share driving duties on a long trip and not a damn one of these under-30s ever learned how to drive stick. Problem solved when we capitulated to the AT wave.
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Old 01-19-2021, 07:00 AM   #115
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I agree with this. Not necessarily getting screwed on the trade in, but certainly the less often you buy/sell cars the better off you are. If you want to sell it yourself you won't take as bad of a hit but I don't like that process.

This topic had me reviewing my choices for a next car. I really think I'd replace my Forester with another Forester, since I really like how it handles the snow, and I really like X-mode on steep downhills when it's slick. But the new Foresters have known issues with windshields cracking. It sounds like their eyesight system needs a thinner windshield, and that's prone to cracking. Sure you can make sure insurance will cover it but it still seems like a big inconvenience, not mention that insurance companies will figure this out and charge a higher premium for Subarus. So I'd just rather keep my 8 year old Forester with no issues so far.

As for houses, it's a 5-7% realtor fee hit to sell. I don't want to do that every few years unless I have to.

I like Subarus a lot. They are almost the perfect vehicle for the dirt road somewhat rural lifestyle in NH that we live. We just bought our 3rd Outback since 1998. The second one we bought new in 2005 and drove until 2019. It was still running fine with 135,000 mile son it but it needed a catalytic converter and some other minor things to pass inspection. That was going to be around $1800. We decided not to put that much into it and look for a new one. The dealer offered us a whopping $251 for it!
My mechanic who also likes Subarus wanted it. I said "make me an offer". He shocked me and offered $2500 for it. Sold!
Anyway we went to one vehicle for a while since we were both retired. That grew old for DW since our one vehicle was an 11 year old Tacoma pickup.
We finally bought a new to us Outback Limited a few weeks ago.
I was leery about the windshield issue but all the virtues of the car for us were worth the risk. Really like all the safety features that the Eyesight feature gives you.
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Old 01-19-2021, 07:15 AM   #116
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The dealer offered us a whopping $251 for it!
My mechanic who also likes Subarus wanted it. I said "make me an offer". He shocked me and offered $2500 for it. Sold!
Interesting that the offer was $251 and not a round number like $250. I guess they figured $1 more would cinch the deal?

We’re starting to keep out eye out for a good used car for soon to be driving grandson. You shouldn’t be surprised on what the mechanic offered you. Good used cars under $5K are hard to come by. We’d love to find something like yours in the $2K to $3K range. I’m guessing your mechanic can flip that and make a nice profit (nothing wrong with that) especially since he knew it was already well maintained.
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Old 01-19-2021, 07:24 AM   #117
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Interesting that the offer was $251 and not a round number like $250. I guess they figured $1 more would cinch the deal?

We’re starting to keep out eye out for a good used car for soon to be driving grandson. You shouldn’t be surprised on what the mechanic offered you. Good used cars under $5K are hard to come by. We’d love to find something like yours in the $2K to $3K range. I’m guessing your mechanic can flip that and make a nice profit (nothing wrong with that) especially since he knew it was already well maintained.

Well the funny thing is that after we sold it to him it sat on his garage property for about 8 months.
One day it finally was gone.
The next time I was in there I asked him about it. He said it needed more work than he thought and he actually lost money selling it. I felt bad for him because he has been my mechanic forever and is always honest and fair with me but he didn't seem worried one bit by it. It was also a 5 spd manual and apparently not too many people want manuals anymore.
Besides the catalytic converter the brake lines were corroded and maybe an alternator or something else.
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Old 01-19-2021, 07:32 AM   #118
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This post makes me sad. DW and I were dedicated manual transmission drivers for decades, but eventually manuals became impossible to find in the vehicles we wanted. Every vehicle we bought up to 2015 had a manual transmission, every one after automatic. Now out of 3 vehicles we only have one old 2 seater MT sports car (that gets driven much less than our more practical cars/trucks).
...
I like to think of our manual transmissions as an extra form of theft deterrent; if they can't drive it away, they can't steal it. I find it mildly amusing that when I go to the fancy car wash, I have to go in and drive my car off the end of the line, because none of the young workers can drive a stick.
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Old 01-19-2021, 07:57 AM   #119
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Interesting that the offer was $251 and not a round number like $250. I guess they figured $1 more would cinch the deal?

We’re starting to keep out eye out for a good used car for soon to be driving grandson. You shouldn’t be surprised on what the mechanic offered you. Good used cars under $5K are hard to come by. We’d love to find something like yours in the $2K to $3K range. I’m guessing your mechanic can flip that and make a nice profit (nothing wrong with that) especially since he knew it was already well maintained.
Mechanic probably slapped a $5 "spacer" on the downstream oxygen sensor and cleared all codes before re-selling it...that's what I did with one of my vehicles before getting rid of it (code is set when catalytic efficiency drops only slightly...IIRC, below 95%)
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Old 01-19-2021, 07:59 AM   #120
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I like to think of our manual transmissions as an extra form of theft deterrent; if they can't drive it away, they can't steal it. I find it mildly amusing that when I go to the fancy car wash, I have to go in and drive my car off the end of the line, because none of the young workers can drive a stick.
thought that too until seeing a police chase video where the stolen vehicle was simply left in first gear during the chase...bet that engine was trashed beyond repair.
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