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What factors do you use to justify a car purchase?

Posted on 2/17/13 at 4:23 pm
Posted by RickAstley
Reno, Nevada
Member since May 2011
2004 posts
Posted on 2/17/13 at 4:23 pm
I am interested in the board's opinion on what factors play in to making a car purchase?

A handful of factors on my list:
- Gas mileage
- New/Used
- Purpose for vehicle
- Affordable insurance
- Car ratings/reports
Posted by Powerman
Member since Jan 2004
162258 posts
Posted on 2/17/13 at 4:24 pm to
I think the most important one (and perhaps so obvious that you intentionally left it off) is the condition of your current vehicle

Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89620 posts
Posted on 2/17/13 at 4:26 pm to
-Brand

-Role

-Comfort

-Condition

-Cost
Posted by BigAppleTiger
New York City
Member since Dec 2008
10390 posts
Posted on 2/17/13 at 4:52 pm to
Joy... and what I'm willing to pay for it.
Posted by Zach
Gizmonic Institute
Member since May 2005
112611 posts
Posted on 2/18/13 at 10:42 am to
The biggest mistakes I've seen are buyers who did not seriously consider 'purpose.'

I know people who had jobs like CPA, college prof, etc and no outdoor hobbies yet they bought a pick up truck because they always wanted one. After 4 years or so they trade it in when they realize that they've never actually hauled anything in the truck.
Posted by davesdawgs
Georgia - Class of '75
Member since Oct 2008
20307 posts
Posted on 2/18/13 at 12:16 pm to
1. I never buy a new car
2. Gas Millage
3. Reliability rating
4. Cost of repairs
5. Overall value
6. Body style

As such a used Toyota Corolla is pretty hard to beat. If you want something larger and don't mind spending a bit more money then a used Honda Accord or Toyota Camry are good choices. If reliability at a higher cost is a priority then a Lexus coupe is hard to beat.
Posted by polizei11
Houston
Member since May 2009
1135 posts
Posted on 2/18/13 at 12:30 pm to
1. Gas Mileage
2. New/Used
3. Vehicle Purpose
4. Insurance
5. Reliability
6. Buy/Lease

In no particular order. If you own your own company, you can deduct the business use portion of your lease payments. A big plus to consider if you own your own company.
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