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Started By
Message

Driving old, crappy vehicles is the way to go
Posted on 4/11/18 at 1:06 pm
Posted on 4/11/18 at 1:06 pm
I screwed up buying a nice vehicle. I always used to drive old, beat up craigslist deals that would crap out after a year or two.
I had a 1988 corolla that I bought for 1200. It ran fine for two years then when the tranny went out I sold it for 600. I spent 600 dollars to drive about 100k miles, also the insurance was dirt cheap.
I did the same type of thing with a few other vehicles, an 1999 corolla, a 2003 camry, and a 2001 accord. When the camry crapped out in 2016 I decided it was time to get a new vehicle like an adult. I ended up with a 250 dollar note.
250*12=3000. I'm spending 3000 dollars a year to drive this car. Over the 5 year course of the note that is around 10,000 more than if I was still driving the craigslist specials. Normally my insurance was around 50 bucks for liability for the old cars, it's about double now. That's another 3000 over 5 years. I also put a 12k down payment.
It's nice to have a reliable vehicle but I'm single and breaking down doesn't really bother me that much. I have a second vehicle that I use for hunting trips and such.
TLDR: I should have kept driving shitty vehicles.
I had a 1988 corolla that I bought for 1200. It ran fine for two years then when the tranny went out I sold it for 600. I spent 600 dollars to drive about 100k miles, also the insurance was dirt cheap.
I did the same type of thing with a few other vehicles, an 1999 corolla, a 2003 camry, and a 2001 accord. When the camry crapped out in 2016 I decided it was time to get a new vehicle like an adult. I ended up with a 250 dollar note.
250*12=3000. I'm spending 3000 dollars a year to drive this car. Over the 5 year course of the note that is around 10,000 more than if I was still driving the craigslist specials. Normally my insurance was around 50 bucks for liability for the old cars, it's about double now. That's another 3000 over 5 years. I also put a 12k down payment.
It's nice to have a reliable vehicle but I'm single and breaking down doesn't really bother me that much. I have a second vehicle that I use for hunting trips and such.
TLDR: I should have kept driving shitty vehicles.
This post was edited on 4/11/18 at 3:04 pm
Posted on 4/11/18 at 1:07 pm to celltech1981
quote:
I ended up with a 250 dollar note.
quote:
Driving old, crappy vehicles is the way to go
Good news, it sounds like you still are.
Posted on 4/11/18 at 1:07 pm to celltech1981
Im sorry, but what do you do for a living and does it require solid transportation?
Posted on 4/11/18 at 1:07 pm to celltech1981
quote:
I ended up with a 250 dollar note.
quote:
I should have kept driving shitty vehicles.
Sounds like you still do.
Posted on 4/11/18 at 1:07 pm to celltech1981
You know how I know you're not married...
Posted on 4/11/18 at 1:07 pm to celltech1981
I fully respect your avatar and sig pic and laugh every time I see them. However, I disagree with your position.
Posted on 4/11/18 at 1:08 pm to celltech1981
quote:=/=
1988 corolla
Getting Laid
Posted on 4/11/18 at 1:08 pm to celltech1981
You should increase your limits to adult amounts.
Posted on 4/11/18 at 1:08 pm to celltech1981
quote:
I had a 1988 corolla that I bought for 1200. It ran fine for two years then when the tranny went out I sold it for 600. I spent 600 dollars to drive about 100k miles, also the insurance was dirt cheap.
You drove 100k miles in 2 yrs?
Posted on 4/11/18 at 1:09 pm to celltech1981
What new car did you buy for 10K?
Posted on 4/11/18 at 1:10 pm to celltech1981
I agree and it's what I did for many years but driving a new car sure is nice the past few years.
The worst was the 70s and 80s because of the unreliability, every trip was a white knuckler.
The worst was the 70s and 80s because of the unreliability, every trip was a white knuckler.
Posted on 4/11/18 at 1:11 pm to gizmoflak
quote:
You know how I know you're not married...
quote:
I'm single
Probably this part
Posted on 4/11/18 at 1:13 pm to Hammertime
He didnt include any down payment in his detailed financial anaylsis
Posted on 4/11/18 at 1:13 pm to celltech1981
if you wana drive around junk and look like a poor by all means go ahead. I get a new truck every 3 years. Could not fathom riding around in a beat up pos that i couldnt depend on and people look and laugh at
Posted on 4/11/18 at 1:14 pm to tke857
quote:
ou drove 100k miles in 2 yrs?
I've driven just over 32k in 8 months. averages to 48k a year, so 96k in 2 years.
Posted on 4/11/18 at 1:16 pm to CourtesyFlush
quote:quote:
You know how I know you're not married...
quote:
I'm single
Probably this part
Posted on 4/11/18 at 1:16 pm to celltech1981
i did this too for a long time but finally broke down and bought a nicer car for the bluetooth re: music and podcasts. Aux cords weren't cutting it for me anymore.
This post was edited on 4/11/18 at 1:17 pm
Posted on 4/11/18 at 1:18 pm to celltech1981
I'm of a similar mindset.
Have an old reliable car with no car payments and only liability vs. a new car with perhaps a $600 car payment and full coverage insurance.
The moment you drive the car off the lot you are losing money. Three years later still paying a note on the car and possibly interest as well and the car is depreciating fast.
Does the new car give you something different you really like vs an old reliable car?
Personally, I'd rather chose the old reliable car and spend the $600 car payment money and put it towards a larger and nicer home.
Have an old reliable car with no car payments and only liability vs. a new car with perhaps a $600 car payment and full coverage insurance.
The moment you drive the car off the lot you are losing money. Three years later still paying a note on the car and possibly interest as well and the car is depreciating fast.
Does the new car give you something different you really like vs an old reliable car?
Personally, I'd rather chose the old reliable car and spend the $600 car payment money and put it towards a larger and nicer home.
This post was edited on 4/11/18 at 1:21 pm
Posted on 4/11/18 at 1:21 pm to celltech1981
I can't hate on people who go the thrifty route with cars (or anything for that matter). Different strokes for different folks.
I get in to cars. I enjoy learning about them and driving them for performance. It's an expensive game but it's something I enjoy.
Not everyone is in to such things.
I get in to cars. I enjoy learning about them and driving them for performance. It's an expensive game but it's something I enjoy.
Not everyone is in to such things.
This post was edited on 4/11/18 at 2:26 pm
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