Daki wrote:Where do you think price meets longevity in cars?
An excellent question. A friend of mine used to buy a new US$500 car, like, once every few months. He'd drive it until something more expensive than US$500 would happen to it, then buy another. He spent vastly less per year than anyone I've ever known who financed and bought a "decent" car. And as a plus, all his cars were cool, and interesting, and unique. And almost never caught fire or exploded.
I think that extreme isn't for everyone, but the fact is, I've bought all of my cars at well over 100,000 miles, and almost always put another 100,000 - 150,000 miles on them, although doing so did sometimes mean spending the purchase price of the car in repairs. But thus far, my BMW has cost me, I think, less than US$3,000, total, for two years of ownership, and that's including fixing the damage from
hitting a deer.
Daki wrote:I consider us very lucky for finding one with under 10K miles for 12K. The car has a very good track record for longevity and reliability.
Wow. What a rip-off. I'm not saying you didn't get a good deal on that specific car, but holy crap could you buy, like, ten of my cars for that price. Seriously, even if you bought nice ones, you could buy four older cars for that price, and they'd all be
way better than a Civic! [And I like Civics.]
But. [There's always a "but."] Jae will get to drive her car, period. It won't be in the shop all the time. She won't be under it, replacing god-knows-what every few weeks. She won't end up walking 20 miles home. That kind of peace-of-mind is worth a lot...although, to me, it's not worth US$12,000. I'm poor, though.
Daki wrote:I never subscribed to the idea that you buy the car cheap with cash and avoid financing all together because I've had too many cars where I did just that and ended up spending 3X or 4X the purchase price just in repairs and parts.
1. Choose the car better. [Chance as much as art, but it bears saying.]
2. Don't ever pay anyone else to fix your car. Unless you need a new engine. And then only if your car is front-wheel-drive.
3. Don't buy a front-wheel-drive car.
4. Don't buy an automatic.
5. Don't buy a car made after 1990.
6. Don't buy a car made in America.
7. If you want to fix it yourself, don't buy a Honda.
8. If you don't want to
need to fix it, period,
do buy a Honda.