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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
2003 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
162231 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
89551 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
10384 posts
Posted on 2/17/13 at 4:52 pm to
Joy... and what I'm willing to pay for it.
Posted by Cholo
National City, CA
Member since Oct 2012
1076 posts
Posted on 2/17/13 at 4:53 pm to
When my current vehicles repairs begin to equal what a reasonable car payment would be. Had my truck 9 years now and no plan to trade it in soon, it's a Nissan I figure I got another 50k miles left in it.
Posted by RickAstley
Reno, Nevada
Member since May 2011
2003 posts
Posted on 2/17/13 at 5:05 pm to
I wasn't going for an exhaustive list in my post but of course the condition of current vehicle is critical. Besides an emergency justifying the purchase, I am interested in learning factors from others that could prove to be useful in the decision making.

For example, if I were to buy a car, I want to know the likelihood I will get 5 years or more out of it, will I have minimal maintenance costs each year, and will it overall pay for itself after a certain length of time.
Posted by lynxcat
Member since Jan 2008
24156 posts
Posted on 2/17/13 at 6:51 pm to
Current condition of car is the first one.

In terms of narrowing the funnel for decision making purposes, I will start with brands and then narrow based on cosmetic liking. From there I will consider reliability, cost, and features.

I am not buying a new car unless I like the way it looks. End of story.
Posted by Zach
Gizmonic Institute
Member since May 2005
112495 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 RickAstley
Reno, Nevada
Member since May 2011
2003 posts
Posted on 2/18/13 at 11:05 am to
Right, the purpose of what I buy would be to replace my current SUV and to be used mainly for commute and travel. So a fuel efficient car would be the top of my list as gas is hurting my budget pretty badly.
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.
Posted by Tigris
Mexican Home
Member since Jul 2005
12358 posts
Posted on 2/18/13 at 12:36 pm to
quote:

I am not buying a new car.....

End of story.



Usually when a car gets 10+ years on it and 150,000+ miles on it I'll consider replacing it with a 2-3 year old car with no more than 30k miles on it. My current car is 13 years old with 179,000 miles and I'm holding out to make 200k.
This post was edited on 2/18/13 at 12:41 pm
Posted by RickAstley
Reno, Nevada
Member since May 2011
2003 posts
Posted on 2/18/13 at 1:09 pm to
Thanks for the advice. My explorer is 13 years old with just under 140,000 miles on it. I added just under 20,000 miles last year which is about double my yearly average. I am on pace to match that atleast this year. That might not be many miles for some, but that is hurting me pretty strongly with gas rising and I'm only getting 16-20 mpg.

I've been doing the math and I can cut gas costs easily over $1500 if I get a car with 32-40 mpg. This is what really is prompting me to do some car searching. I don't want to get a new car or anything that will attract attention. I need a car that is economical
Posted by Zach
Gizmonic Institute
Member since May 2005
112495 posts
Posted on 2/18/13 at 1:34 pm to
quote:

If reliability at a higher cost is a priority then a Lexus coupe is hard to beat.

This is what I drive and it will be the first car I've gone over 100,000 miles with. It runs like new.
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