Why I drive a car 13YearOld

Teaching a 13 YEAR ILLEGAL how to drive!

I recently had a conversation with a friend about why I have not bought a new car, it can t understand why I still drive 1995 Geo Prizm I can afford to buy a new car, but I choose not not the fact is, driving an old car saves me money.
To prove my point, I ran some numbers I was surprised by how much money I saved by driving this car for so long.
Used vs new I bought my Geo Prizm in 1995 with 5,000 miles on it It now has 140,000 miles on it and still works fine I paid the car in 1999. It is now 2008 I have not had a payment car in nine years.
How has this saved our payments for this car were 250 a month more than nine years, I spent 108 months without making a payment to 250 per month, which is a saving of 27,000.
During the lifetime of the car, I spent less than 2,000 in repairs Subtract this from my savings still leaves me with 25 000 more on the purchase of a new car right after the Prizm was paid.

Using historical past as a guide, I can assume that my car will need more repairs as time goes on the latest repair cost me 1000 Let's assume the worst and that I would spend 1000 per year for each year I keep the car from that point now, we will compare the cost of buying a new car.
It is assumed that I could buy a new car for about the same 250 payments I had on my Prizm I think the number is a little low, but let's just assume this means that my annual cost for a new car would be 3000 if we figure that I'll spend 1000 per year to repair the Prizm, it still saves me 2,000 a year to buy a new car if I could keep the car for four years, which would add 25 000 8000 J have already saved.
I basically saved 33000 driving my old car for a total of 17 years.
Other savings But wait that not everything I've also saved money in many other ways not reflected in the above figures some examples.
I paid money for that I did not have to take as much debt for other expenses.

I also kept the Prizm long enough articles that I had to replace early for the car are now covered by a lifetime warranty Every time my starter, alternator, Struts or pad wear, I can get parts replacement free of Autozone I can fix the car just for the cost of labor, or correct myself.
There are some disadvantages to having an old car that I had once to have the car towed, and was without a car for five days while it was being repaired I also spent a few weekends to work on the car myself to cut costs the car starts to rust and, of course, he no longer has that car smell.
I have not included the cost of oil changes or tires in the figures for the repairs I thought it was normal wear and tear that would have occurred regardless of the car I was driving.
My goal is to lead the Geo Prizm for four years, I will put 300 next month, I'm ranking 300 instead of 250 because the price of cars has increased since 1995, I put the money in an ING Direct account use for car repairs and a down payment on another used car If it works, I should have 10,400 set aside for a down payment on my next car, and has passed a further 4,000 in maintenance of my current car .
I know this might not work for everyone and who knows My next car might not be as good as the Prizm was But numbers like these are the reason why I chose not to buy a new car but I have better things to do with my money than to follow the Joneses.

Note JD I think Joel's story is great Although I complain constantly how much I want a Mini Cooper, the fact is that I am following Joel plan, so I'll drive my Ford Focus in soil This story reminds me of Dave Ramsey Drive Free, Retire Rich Photo by Jami Dwyer.
GRS is committed to helping our readers save and achieve their financial goals the interest savings rates may be low, but that is all the more reason to shop around for the best rates Find the savings interest rate the and highest CD rates of Synchrony Bank Ally Bank and more.
The new car thing is a choice and not always good I have two cars that are both 21 years a Jaguar and a Porsche Both have over 100K miles Yes I have to do some expensive repairs to time but it works well for me New Jag and Porsche are pretty, but they are not built, and older cars If you know anything about cars, you know it's true once the safeguards are repairs do not make sense financial data on these new cars Remember the most new cars can not be worked by manufacturing so they have you instead of a repair auto manufacturers will put you in a lease that most people will do .
The logic driving an old car until the wheels fall applies if you do not really depend on the car and if you're not a car enthusiast.
Some people really like the finer things in life like eating fancy food, making international travel, driving a nice car, wear nice clothes, etc.

Since you'll probably take all that money with you after your death stun you and lead drummer.
Lol I think everyone likes things, but if you are rich, you can not have everything he will probably spend his money before he dies, that on things like personal freedom and retirement with good food and no worries besides, some people do not want to leave some wealth behind their loved ones when they die.
I bought a 4-door 1996 2 0L, 5 Dodge Neon speeds there is a little over 3 years 140,000 miles He was a drummer The kid I bought it off had tried to change a Transformer huge spoiler racing and all Fade the fuse box under the hood with the sound system he had installed.
I bought it for the mileage they get around 30mpg and I was driving a 98 Blazer at the time and was just tired of the car Despite April 4, pack the trailer and it was fully charged, I paid 5000 for the blazer with 89,000 miles.
I owned outright Neon My only determine the gas savings would pay for the car there was a long list of problems such as the exhaust system, cracked windshield and bald tires Car n has not been loved as I work on my own car so not a big deal with the Internet and books a car owner can do a little bit there are two salvage yards near where I live, as Joel said, many auto parts stores offer a lifetime warranty If had to do much work it would never be paid for again outside my own time.

I have to admit that the car is fun to drive is like a go-cart It gets spectacular gas mileage It must be one of the easiest cars to work considering Pretty darn reliable Even there was always something something still wrong on the list of things to fix.
Given the number of miles on the car and neglect that I quickly learned the common problems and engine components and other intricacies What to Look for and prioritize on things such as body work The first priority is the inspection of emission of public issues security goes hand in hand with the economy so if it's good on gas is money I can spend on repairs or elsewhere.
My reasoning was if I had a car payment, it would be about 200 per month for a used car and about twice that for a whole new car used car that I bought I d most likely to put money in this so my plan was long-term Brand guarantee the number of auto salvage yards Using stores my budget was to pass 100 one month to interview so far, I stayed in this budget that I 'I put nearly 4,000 in the car since I bought a large part in the first year of purchase of the car again with the long-term goals in mind Get the important things about how Rely on common issues guarantees after a time you buy a room with LLT you rarely have to worry at least not to pay for new parts that I replaced the steering rack and tie twice pl ultiple times.
I even went up to add a set of Class 3 trailer on my car, I have two flatbed trailers, 8 and 12 x5 x4 and x8 4 trailer closed the small car can carry about a ton deadweight It serves also as a pickup truck, I can leave the truck bed where I will.

My only concern is rust part of the body Once he gets far it doesn t matter how a car works began experimenting with body work Fabricating the new steel welding, painting.
Joel, if you still have that drive and enjoy Geo Keep If something buy another cheap drummer One thing I love is Neon's durability, interchangeability and parts availability even among other models.
After driving a car for so long A change of pace maybe he didnt be a Geo, perhaps a truck Find something that you enjoy something simple working Keep Geo as relief work of each vehicle at your leisure or pimp it out and have fun or to give him more utility.
If you can find a cheap used car for less than 1000 do some reading if you work on cars, you should have an idea of ​​their common problems such issues as the expansion transmissions, rot rust, motors What you see on the road Some made models are a pain to work on foreign cars are generally more expensive in parts car truck may not have room to work in the engine compartment.
For me, working on cars are not always a chore, it is a part of learning on the vehicle, relax a project car that you actually get to drive a few times a week The wealth of knowledge that you can take profit I work on other cars for friends, family and neighbors and relatives I get to learn about other vehicles and get money Payed I can invest in coins and tools to make jobs easier.
I recently purchased a 2001 Dodge Stratus with 160,000 miles on it for 500 is an upgrade of the Neon He almost identical engine is fuel economy is not as good, but its proven design Celui- has a blown head gasket, but can be switched in one day with the timing belt kit, cylinder head gasket and tuneup can be done in 8-10 hours even for less than 1k car will be ready for the road with a clean title and start again.

I have seen people who buy new cars in a year, they're still making payments There are terrible drivers here Within the same year, you will see battle damage to winter driving average deductible 500 I could get another car for the price My neighbor lost his job and could no longer make payments his car was taken.
Cars are transporting Almost disposable They only cost you money, I can not save and spend 10k on a car, interest, costs and maintenance from them on I can see don know how does or can t be working on cars Do what I work for you as Joel line of thinking.
I'm so glad I found this article I am seeking a 1998 Geo Prizm a mechanic who replaced the engine and repainted He said he checked and there's nothing wrong with it I was anxious to get a car so old but I thought that if I did not get it from someone who fixes cars for a living it should be safe, he wondered only in 2350 for her that I 2003 Concord am given to the blues he needs a new engine and I do not want to sink more money into what I'm not trying to impress anyone I just want a car that is safe, reliable, and works.
You had a great run with your Geo Prizm cars Congrats Sometimes, even good cars, start procrastinating and failing like pipes and lines and other parts age of car expenses for travel to work during your main trip is set add It also adds to at some point headaches maybe you need to get another vehicle may have used the cheap car is the way to go.

At some level, I agree with the principles of your article, especially being re payment free car for x number of years, which is obvious to savvy financially, you miss some points.
You can not quantify or put a price tag on driving pleasure for people who really love cars and don t see them as a device that gets from point A to point B People who love cars prefer to take buses that drive a Geo Prizm 13 years, myself included This car sucks, period I live in LA and have lead many people in Los Angeles probably spend more time in their cars while people from other cities and I owned and led drummer 10 years econoboxes crappy and depressing it is depressing channeling money into an old pile of shit just to operate your 13 years Prizm lack so much compared to the new cars I do not even know where to start, but you can bet its certainly not as safe as new cars How do you think your car shit heap resist in Are lice accident see or handling out of a sticky situation, quickly Probably not, but at least you'll have more money in the bank when you are 75 it'll be sweet.
I drive a 2010 VW GTI I plan to keep for about 100k miles per 50k miles it'll be refunded 1 April 9th ​​on my loan 4 years and I'll take another 4 years or if no payment during that time, I will continue to pay myself the amount of my car payment so that when the GTI hits 90k miles, I can sell it, combined with what I've been saving in the car fund and get another compact sport German premium or sports sedan may upstream to a CPO, a little used Audi You know why because I like well, supremely cars engineering, I love driving and I want to take the car I have to be all day, day after day.
You can have your Prizm and money you raised Have fun trying to enjoy your life when your joints too bad for you to walk the Great plan.

Can not believe the idiots on this forum most of you live in a squat, just to drive a new car, I do not understand what is so important expenses 40,000 odd on a new car, when they are thousands of used cars available beautiful probably buy the same idiots who buy a new car, then repeat a year later, because the new model has Bluetooth what's wrong with saving money for your retirement, you can continue to buy new cars, like when you retire that you will not have money at the end to waste on cars out of plastic price people are these days so materialistic, look at me, look -moi, look at me Idiots.
I can tell people I know through older family types who buy their new cars, they do not do so impress anyone who would be evident by the choice of car, they're buying new so they do not to spend their time worrying about mechanical problems, security problems, or minor repairs, but ongoing.
Never take a driving tour of the family to a place that you took vacation time to visit, take the kids to school, made hotel reservations and have limited time to still enjoy a day or a weekend, like at the beach.
What do you do when your car breaks down in the middle of this journey, and you lose days or maybe the whole vacation assuming you had enough financial means to afford a new car, but chose not to so you might save, can you imagine explaining your choice to your children It wouldn t be because they wouldn t understand anyway, they'll just miss the experience and you will lose some of the money that you were so anxious to save.

I'm not saying that new cars are for everyone, but I would not go assuming everyone who buys one is materialistic.
Great article I drive myself 95 Corolla, which is a double mechanics of your prism I saved a lot of money I pay sips seems newer than 5 years many cars around, there are no benefits that consume confusion and power are too long to list Keeping it until the engine gives, but I think it will be years, given that it still works fine.
We have 3 children, two cars, in a country where public transport isn t an option My old Mitsubishi Expo died a painful and expensive death before 125K miles and we were very offended.
Our Camry 1990 approximately 255K We actually bought a New- long ago is not too pretty, but we put in about 500 for three simple repairs this year and is still going strong Its mileage is really great.

I drive children in a Honda Odyssey that was purchased used with warranty We have two or three years to repay, but we hope that we have protected our savings next used car in case he decides Camry We hate deserves a rest car payments and hope to look forward a long open relationship with our payment Honda Yes, we believe in regular oil changes and checkups.
What a good idea, I had my car for almost 10 years and I've never saved a penny to a new car, but what a great idea that was, ugh Now I have a 1 year car, but I plan to have it as long excellent advice.
Preaching to the choir here, I drive a 1995 Toyota Tercel It has 68,000 miles on it No, he did not return I got free of the original owner, I say he has at least 10 years, I lead only about 5,000 miles a year manual gets 40 mpg on the highway, 33-35 in the city.
It is small, and we are always crowded in it, but it is essentially a free car that costs maybe 30 months to run, with another 35 months of insurance costs can beat it t.
Assuming you buy a new car that is much lower as the Geo was when it was new, it is difficult to find a low-end car that gets good mileage these days so you probably save money on gas too.

In addition, the new cars are designed to brake need work done more frequently than the old car My car 1989 new shoes necessary once during the past five years my husband car 2005 new shoes necessary several times since 2005 .
Excellent article My husband drives a Honda 1989 still going Strong we spent less than 1,000 on repairs in our 6 years of marriage, I was driving my 1996 Toyota until almost fell apart I bought for my new my last car 2006 year intend to treat in the same way that I will still hopefully be driving in 2018 at least.
Nice to see in writing the savings aspect of owning an old car I drove my Mazda 626 since 1990 bought when he was 1 year old, until my daughter started to need his own set of wheels that last October I finally got my new used car and her daughter is happy to have a car to get around town before this, my first car was 16 years before we gave it.
S P Forgot to mention the emotional attachment, one can have with long-term cars.
I just wanted to share We have 1990 Geo Prizm I bought in the new April 1989 YES 1989 There is still running well A little worse for wear in and of course had to the maintenance and repairs along the way but we think it should be a status symbol old your car is, how NEW We are 15 years old without car payment Ching Ching it hit 240,000 miles, I think it is with my husband at work right now or I'd go watch Keep enjoying your GEO.

We have to give our 14-year old Toyota Corolla with 235,000 miles on it We bought it used 12 January there 2 years to just over 13,000 had to basic maintenance and some repairs recently, he started to need more repairs and we made the decision to get rid of it, so it got to the point where he was not going to be safe and reliable for the amount of long distance driving my husband does, we bought another used corolla 1 year old to 14000 we expect this one for a long time, too.
Grand My husband and I just replaced our 1993 Pontiac Bonneville It was great to have no car payment a few years ago, we started a savings account for a newer car that we knew that the Bonneville would not last much longer, we could pay cash for a van used it a month ago.
This is actually the best article I have ever read about the reasons to keep a reasonable used car lot of writers or investors will show that you can win 10 percent of the money you do not put to a new car, they call the opportunity cost 10 is a lie they use 10 digits to strengthen their argument to keep your old car 5 opportunity cost is a number much more accurate if shitters earned 10 bulls on their money, they wouldn t be trying to sell their books, or get you to put your money.
This is an honest article simple, I would add that, from a point If you can keep the repairs, on average, to 1,500 per year, or less, on your used car, it is worth keeping you will an expensive year at some point, because a transmission may need to be rebuilt, or an engine, however, are the things that need to replace a logical ecconomic Point- and if you can keep driving your old car for many years to come.

I started with the minimum ownership level of 10 years of car as I drive 5 years with a bank or less depending on the loan terms and outright 5 years, then every day past 10 years is the sauce and the best is that the repair information and the parts are easy to find- repair information via the internet and the junkyard for some, and the automotive parts aftermarket for stores other than I just resoldered my painting cars edge and I rescued 20 of the purchase of a junkyard.
1995 Dodge Neon- 4dr, 5sp, 30ishmpg, running until it falls apart.
Josh Parker Baugher I agree with most of the time all the safety arguments I mean, logically you want the safest car possible.
But it's still a very passive view The car's safety features like seat belts and airbags are a line of absolute last chance to the defense, they only work when you are in a collision.

A real investment to ensure your safety while driving would be to follow training courses in conducting so you'll be better equipped to avoid accidents altogether I say accident there sarcastically because all but a small tiny fraction of driving incidents are due to pilot error.
I could make another angle if you really are a safe and alert driver, having all that additional safety equipment on board that you'll never use is a waste of money as the art of eating your economy fuel with an additional weight.
I put my money? A pro driver in a Geo Joe Volvo more in a suburb a day.
It's kind of an extreme way to put things, but if we really are talking about saving money here, a car driver training 10 years 2000 is still cheaper than a new car safer and skills apply to every other car you drive to the rest of your life.
I do the same thing you My car is now 10 years old and has about 200,000 miles on it and is strong plan Stil, I drive as long as you cost me less than a newer car.
What are the current estimates for how much the cost of crude oil will increase and over what period of time in Australia, I heard that the price of the gasoline fuel will eventually be up to 5 liters per Australian the current price of about January 30 Australian per liter.

It is good to save money by buying a second hand car, but a person must still be considered in the equation I mean, you could save a lot on the purchase price of a car second hand, but if the price of oil skyrockets in a relatively short time, then you might end up wishing you bought this car to hybrid or diesel engine.
I agree that security is an issue that my wife always gets the first new car, and it grows until it is worthwhile to get a newer When for me, my property line is 10 per mile in other words, if I buy a 20 thousand cars, it should last 200,000 miles following this formula, I can buy an old car, and drive a few thousand miles, and be happy and budget or buy a new car, and own more note I do t include repairs, since I consider the cost of ownership, regardless of the car I just buy cars with good records and good reliability rating and with money I save, I can buy other cars that you like right now, that art 30 cars, Buicks to triumphs in all Camaros paid all enjoyed each month without remorse on a car payment.
There is even a strong argument to do to own and drive a car collector in a state 2 or 3, well maintained and moderately leads depreciate less than a new car, and you get in many more conversations about your sweet ride I mean, seriously, when was the last time someone pulled alongside your new toyota and asked Hey, how much a month you pay for this thing.
1 buying cars and 2 lead for 5-6 years.
You will save a ton of money compared to most Americans but there is a time to be penny wise and a time not to be crazy-book.
Here's what I mean, there have been many security progress since 1995 According Informed for Life 1994-1997 Geo Prizm had 125 driver deaths per million miles, among the worst 25 cars on the road by comparison, the Infiniti G35 2001-2004 was 11 deaths per million miles today's cars are much safer still.

It is the same question I ask smart, err, DumbCar owners who are so proud of their MPG.
Ultimately, the cars are never just an expense of transportation, so that you can t look at that view only.
I read about 1 3 of too many posts- to read now Just some comments and thoughts- I agree with the last post I read on the issue of security I value security, but the idea that cars are really dangerous because they are a bit old doesn t make sense to me people tend to use irrational fear as a motivator, and I'm not afraid for my ME- security or I will never leave home driving a car has a number of risks and I think that, except in extreme cases safety is used as a rationalization for what really amounts to wanting a new car.
And there is nothing wrong with wanting a new car, IMO.
I just sold my car for 14 years and replaced it with nothing The maintenance cost was really low, I had driven 1000 miles in 3 years or if I felt like I could not continue to pay the insurance and registration for the use that I received I'm about 500 bucks- and I used to pay medical bills for my son, I will share my wife's old car 12.
As for the cost of repair, I honestly do not know how compare- since most cars will have the same maintenance costs, regardless of wear parts and must be replaced unless we speak of major repairs as engine, transmission, etc. The only things I have paid in the past 4-5 years are oil changes, the tuneup son-plugs, brakes, mufflers All this combined is about 600.

My 14 years some typical car repair costs were 120 for new tires, 169 for the timing belt, 200 for the brakes, I never had the 1000 tires and everything other people seem to have.
People always react with rid of the car and be an enviro message walking bike There are practical considerations for, most people commute to work in the United States and usually involves highway driving Pedestrians and cyclists are banned from many routes, and even if they weren t there would not be safe to try.
Fortunately or unfortunately since I'd more money if I could work outside the home, I work at home Our combined domestic pipe is 400 miles per month to the highest prices we have not spent more than 50 months most of the gas is to lead children in activities.
Still in the very near future, I would t mind getting a brand new car, it will be garaged and well maintained, and we hope that in 10 years has only 50,000 miles and like new.

Agree and disagree Disagree if you are yet to have a car that meets the safety, comfort requirements Okay, if you bought the first car that comfortably meets most of you and family needs.
I do not mean to sound all snarky and all, but most of the comments above on car safety have me chuckling Some comments by posters in this discustion give me a break How come just because a car is say 10 years, it is now not sure I'll die if I get my 82 Buick and get to work Folks, this is not some arbitrary thing with the car's age please, we have to have the mentality of the Germans in driving Turn down the cell phone and the minigames television etc concentrate on driving damn car I do not care if you ride a skateboard to work, or a D9 bulldozer If you put yourself in the position of having a wreck that will hurt you obviously traveled miles statistics will play in the equation of your chances of getting hurt; and yes I am in an accident take me old cars for the last 25 years I have not been put in mortal danger, and I do not fear the reaper every second I'm in an old car We take risks every time we go out of our home to Americans the task much more to worry about if we have the new airbag riding shotgun technoligy with us every second of the day Sorry for the rant tangent ramble just had to get my chest.
Hi, my name is Beth, and I think also Minis are SO CUTE I have a colleague who learned to drive almost 40 so she could have a My father heard me depilatory wax enthusiastic to the idea of ​​one, and said that I could afford one, I get But I told him I'm just not interested in a car payment, he seemed to understand.
I'm 37 and I've never had a new car I did not have a car at all until I was 26 and got a job that would require a ride-able non-transit I paid money for a Honda aged 13 and led until he was cruelly hit by a Cadillac, a few months shy of his 21st birthday as I still need a car for my work, I I bought a Hyundai years with 15k miles on it, for 6000, I am sad to say that I financed at a low rate, but I did pay earlier this car is now 5 years old and under 44k miles on it.
In 2006, I moved to the Bay Area and deliberately moved close to work so my journey and life need not therefore have a car, if it never dies, I can take my time and really think about what i want need to do.
I did not save much money for a new car, but I'm saving for a great trip and a final 5k payable on student loans, but I'll start putting aside money The car should last another 5 years, easily, let's see what I got in the bank then, and what my life is like these factors will dictate what I buy to replace.

I love to hear that all sorts of people are paying agreement is impressive.
Mini Coopers are gooberish and unconfortable, why would anyone want a point of this article is not a mini so please stop referring to them the item is a wonderful example of what the Americans should do, it would help us all if the economic depression occasional visits I have a car in 1998, bought used with 30k miles, still ongoing to this day course, one doesn t windows roll down, he 200k milage and the AC does not work, but I Luv and always the will that takes care if he left to rust and all banged up, it bypasses me, its not expensive to maintain, and it suits my personality BTW, another thing , you forgot the license plate fees and sales tax to keep your car as you save.
I had only 3 cars in nearly 30 years first at college, Used 1975 Toyota Corolla, which had 70,000 miles, costs 2000 I fell and reached in 1983 with 150,000 miles Ran well until I came there insurance company gave me too much money for their loss because the odometer read 50,000 and they did not know he was actually 150,000 miles Even after I told them, the agent told me to keep the money because it was too complicated for them to repeat the check.
Then I bought a 1984 Toyota Corolla that I drove for 10 years, with about 120,000 miles over the last three years, something glue in the binding of the carburetor, I had to loosen by pumping the pedal whenever acclerator I started from the cold engine and finally a winter day in very cold weather, I could not start at all in his declining years, so I wanted to take a long distance to travel, I come just rented a car even cheaper than new car payments every month.
In 1994, I bought a new Geo Prizm which now has about 50,000 miles and I still drive without problem I use public transit during the week, hence the low mileage for an old car near 15 years, but I will continue to drive this car until maintenance becomes too expensive, I can probably still get 5 years on her way things are going it has two front airbags and anti-lock brakes, which were the characteristics lastest safety in 1994.

93 Lincoln Town Car for every day here, only 16 years young with 144k looks after the transmission it 3 years ago, and now beginning to show rust on some rough edges not as good on gas as some of the newer more small cars, but I bet it's much safer, especially in these tough Chicago winters.
It is actually tons of data on auto safety available The National Highway Traffic Safety Institute crash tests every model sold in the United States and that the data are quite clear.
In addition, the expert from the industry most would agree that modern safety features, such as.
1 Electronic stability control 3 2 Anti-lock brakes front side impact airbags and rear 4 Active headrests.
All contribute to making a newer vehicle safer than most older vehicles on the rode today.

I certainly can not the argument to someone looking to save money by sticking to his his car as long as possible, which is indeed the right financial move to buy a new vehicle with the security options right, but I can tell you that I would want my family in a modern vehicle to a 96 mA with security options limited choice of all consumer products are saving money.
I am quite aware that my 96 Corrola is not nearly as sure of my father 06 Camry with all the bells and whistles.
I d dispute that the 06 may be safer, but to say that the old vehicle is not nearly as safe is a strong statement that I think is difficult to save.
For all 96 cars had airbags and it is very possible for 96 to have anti-lock brakes While it may be that the 06 has side curtain airbags, there's still a lot of cars Sold now they lack .

There's plenty of people who make the case for new cars over in a way that simply Certainly it's not wise savings add nothing wrong to prioritize a newer car above other choices, but simply can not be found financially superior.
Even more spongy and unverifiable claims of being stranded by the side of the road don t add AAA memberships are less than 200 per year and provide unlimited rental tow cars are available for about 30 per day, even if you were have your vehicle towed and rent a replacement car for several days, it would be impossible to add up the expenses corresponding to the cost of a new vehicle.
I drive a BMW which is now 17 years young, she had a little work on the transmission 2 years ago, and I replaced the ac over 8 years ago Its bell and whistles are of Okay, I do like that it has weather band radio came handy sometimes it drives like a tank, but is so smooth and fast on the road they just don t make cars like they use to.
As the driver of an old car, I would say yes, I am well aware that my 96 Corrola is not nearly as sure my father 06 Camry with all the bells and whistles, I understand that he soon would get me to another state if there was a family emergency, but I think long and hard to use for inter-planned trip vs. a new rental model.
But you must understand that a long path that includes highways and other major roads is not part of the daily routine for many people I drive my micro-shuttle slowly and safely in the streets for most residential j ' I found an apartment based on the location of my office, I hate driving and attempted to minimize in my life, I could walk, but not a morning person and that 20 more minutes of sleep worth to me.

I t want someone who has a working life that doesn t fit in my model a nice car, safe that is able to take care of their same needs for people with children.
I suppose re-reading these comments fall on a small ha ha my old car I certainly didn wins totally t mean this way it is just a stupid point of pride My fight Birkenstock shoes are 6 years as a stupid point of pride and a lot people do get a crap on their cars so there will be some bitterness, I think most of us can probably agree that the decision on what car to drive and when substitute must be given much the same as an important financial decision rather than ooh, smooth ride and for me the best and realistic financial decision is to continue to drive the old until it falls apart.
It was nine years ago, we bought a 2000 Honda Civic EX We paid the car off there about five years, he does not need major repairs if I got that n 320 payment for a long time.
My other car is a 1990 Acura Integra GS Sedan that I bought there 2 1 2 years for 450 cash I immediately had to replace the front axle why I did not pay closer to the book value blue 2000 and got full control up Between this and the inscription, I paid about $ 1000 for the car falling I had to put new tires for about 450 in the time that I got the car, it's been a large, reliable car and he is in great shape for less than 1000 year.
It is good to know that I have not a car payment on top of all my other bills since I was laid off in eleven days.

My 1997 Ford Escort transmission explode not literally, but almost in 2001 my 2003 Taurus pleated like an accordion when I was in an accident of 20-25 miles per hour in 2007 I stopped in traffic, the guy behind me didn t, I guess on his speed causing 8000 damage.
My 1982 Volvo is a freaking tank and I regularly maintained by a Volvo mechanic, he anticipates in fact it has to be done, and repairs are so easy, it's taught me more than I can get, for example there is a pipe occaisionally jump off when you start the car, all I have to do is to pop back, it takes less than 2 minutes.
However, I didn children and I n drive out of town in this car we drive each other a little more recent volvo out of town I use it almost for travel 7 miles to work and back and get groceries It would be different if I had to lug around a couple of kids or had to drive a long distance.
Teresa 134, PONTIAC was a great am I drove about 18,000 miles a year, I feel like I replaced most parties at least once I replaced the engine two days after the warranty has expired, unfortunately , Christmas eve and that was the most expensive repair about 8000 and I had to also replace the brakes at that time, the mechanic showed me a part of the engine metal was rusting from the inside and the metal was weakened enough to push a pencil through the metal wall.
I replaced three times tires, alternator twice, and various other large pieces of auto parts The next round of repairs to be included the entire AC system as certain plastics have been break somewhere in and accommodation in the filter, the brakes again, the exhaust system, and many other small parts Maybe inferior parts were originally used, but felt like a continuous cycle of constant repair things outside of rupture and mechanical surprised that the car was running after the parts have been broken or deteriorated.
I'm not sure others have commented on this, but we must also weigh the safety and performance compared to the cost of purchasing a new vehicle.

I'm curious if the car Author has led for 13 years has stability control, anti lock brakes, airbags, etc., for my part, not sacrifice security to keep my car running as long as possible modern vehicles are designed to last a longer period, but again the key factors to consider when deciding to buy a new car are safety and performance and not only save.
I like this article, I bought a 2007 Toyota Yaris in August 2006 brand new It was the cheapest car with the highest gas mileage and reliability that I could find that I paid less than 12 000 for it and he gets paid MPG is 40-45, and I plan on doing the ground I drive 90 miles a day for work, and although the car is barely 2 1 2 years, already has 66,000 miles My goal for her yes, that his wife because she's damn cute is to hit 250,000 miles If I continue to drive as much as I do now, it would be 7 years older than the car hit the number.
My husband I miss to get a new car, so he can have a cute, but I do not give it, I want to be here when it hits 250,000 miles.
You admitted that you did not include tires and oil changes, because they were fresh, no matter what car you drive There are other expenses related to car insurance is the largest gas follows cloesly behind this then there are all the innumerable small expenses like filling your tires pennies, tire rotations, recording, liquid washing machine, car wash, the fuzzy dice in the mirror, the deodorants, tire pressure gauges, ice scrapers, and so on.
My solution Sell my car and go completely car free course, I still spend a little money on my bike, but it is a small fraction of what I paid for my car.

I'm driving a 1995 Camry has 107,000 miles.
In our family for nine, I gave my mother a nominal sum in 2000 to her deposit on a new Camry.
I spend 40 per month in gas, 60 per month for full insurance coverage.
I save more than 6,000 per year vs. buying a new maximum or camry based on 400 mo mo VPM 120 for insurance.
Given the Camry had an oil change every mom is very diligent 3000 miles I put another 5 years or 100K on this Camry with only typical repairs namely air brakes in oil.

This is a great job, I can not believe that you only paid 2,000 for your care during 13 years this is the most amazing thing to me, I'm actually quite surprised and very happy for you.
I must buy a Geo By the way a great post.
My yes 1987, spends 22 Camry is still chugging along and is currently transporting my son he starts to get to the point where it will soon be retiring; the wings are badly rusted and leaking oil, among a few other things I say ride em as long as you can.
In addition to marry the wrong person, I feel cars can be the biggest handicap to the financial life of a person If you saddle with car payment early, it is extremely difficult to ever go ahead.

SAVE and buy a reliable used car Keep recording and upgrade when you can afford a nice car should be the LAST luxury you buy cars only get you laid, having money in the bank and confidence probably will.
Good idea, but what happens when you break down on the road, or even locally s to happen later, when you talk about driving a car into the ground.
What would happen if your car didn t start in the winter, and you have a child with you and if you were away from home on a day trip or even on holiday or worse, if you had a unpredictable problem and the car failed as you were driving in fact again, with others in the car.
This kind of thinking led me to keep my car, I think people tend to fantasize that when their car dies, there is always peacefully in front of their house, but I had the opposite experience, and is dangerous and it requires you if you have a job you have to drive every day, like most people rush your decision on this new vehicle for you may even need to get a rental car for a time, too, and you might miss work and other important events.
I think this is a great post, I also agree that overall savings outweigh the benefits of having a new car.
We did just that when we moved to Arizona, we drove our car in Canada, which was still paid, we paid really early and we drove for about 2 years without payment, we saved the extra money and the same direction we bought a used car when we needed a second car, and we managed to save a little by buying a car that was about 4 years old at the time we had, and had an excellent history, so we had no repair costs other than regular maintenance.

We then did the same thing when we moved here in the UK, I found excellent condition Audi A4 on e-bay, and I paid 530GBP for her, he was 12 years old when I the I bought, but here they have to go in walk test condition each year, be allowed on the road, there was little of miles for it is the age and had all that was needed now I get a car allowance my employer, and it all happens in the banking, insurance is cheap, maintenance is the most expensive thing, but that is once a year.
Now the smartest thing I work finance my own life insurance policy with the savings, which will allow me to withdraw the funds when I like and have an additional bonus life insurance policy in force for 'to come up.
Looks like Geo Prisms are pretty good last year, my mother bought a prism 96 for me to use for only 2500 He had 155,000 miles and I added another 20,000, unless the odometer is broken, it got 50 miles per gallon.
But all kinds of plastic pieces inside the car kept breaking the most important, the handle of the driver's door with the broken inside I had to roll down the window every time I wanted to get out, I was afraid that critical engine part would be the next thing to break, and he would do as I went 65 on the highway so I gave the return prism and my mother bought a price under 2002 Ford 2000 Taurus hope that Taurus will be good for many years, but I'm really hard on cars, then maybe it won t be good, I can get another old cheap.

I feel like I'm the best of both worlds, I have no car payment, but I power windows and locks.
My car will be paid this September can not wait Yes, it was purchased new, but when my husband and I did not know better, we got a 0 interest rate on this property, and it is the only car we have between us, and we share a bus pass we expect to maintain our car until it doesn t work more he didnt really had any major repairs, just breaks and tires and change oil and comes to replace the battery just a few weeks after 4 years.
I'm glad I found this site, it highlights many good points, and different and better ways of thinking about money.
Impressive I exactly the same 95 Geo Prizm that served me well for many years.
We have two older 1995 Ford Escort Wagon vehicles with 211k miles and Van Ford Econoline 1999 with 147K miles We have not had a car payment for several years Fortunately both vehicles had little necessary repairs and we remain abreast of changes 'regular oil etc. We have very low insurance, saving money as well.
, By adding 90 miles to my commute We were faced with the possibility of our car unsustainable high mileage, or using too much gas to drive the van, I found an existing carpool and offered to pay my way a seat for my company recently moved locations So now I pay a small daily fee for the driver, car and my stay at the location of the park and promenade which will prolong its life much more for fingers crossed years.

We try to walk as much as possible, ride our bikes or plan routes for the races if we drive Unfortunately we live there is no public transport system.
We've had people ask us why we do not help the economy in the purchase of a new vehicle, we live in Michigan but my answer is that we help our family economy first.
THANKS My 1998 Honda Civic was the payment without three and a half years, and my husband's car was no payment for some months now Inspired by this post, I just disconnect from my ING Direct account after the establishment my very own savings account because you know how they say if my experience can help one person, it would be well worth it here, I am you have directly helped me make this wise choice THANKS.
I currently have a 180 month car payment because of a 100 not my fault car accident that shattered my 95 paid HONDA CIVIC He had about 290k miles on it.
I hope to repair the old 95 and the sale of the car I am currently pay to get rid of my car payments.

One of the best advice I ever got a car will never make you money A former boss of mine told me that when I was 19 and I will never forget and I'm 39 have just bought a new vehicle in my life, I had a pickup dodge dakota 87 that I bought in January 96 with 100k on the symbol, he drove another 100k until the frame started to rust through in 04 I started to look for another pickup used and studied for a year without success nowdays the problem is you can not find a more old farm truck Either they are mile salvation and queens shooting or low mile with all the power within leather and too many bells and whistles the end, I thought why not deal on a brand new truck and oRDER iT the way I just want the work horse jane, and to pay for junk on it, I do not want to finish with a heavy half ton April 4, fart it v-8, 5 speed, roll windows, rubber floor mats, etc. for just under 20 big Its paid, is in the hangar when not in use, and only 30 thousand miles I'll have the body until the rust off the rails framework I drive to work in a 82 Buick that I inherited so that also keeps my costs Don t get me wrong, I like cars that I own yet 46 GMC pickup truck I've had since high school, and also own 2 motor cycles, I feel that the old truck and bikes are ok to own in that they are all old and depreciated to their also beginning to apreciate used because of their age as much as people are wary of old cars because of safety, I just do not get it How did we Americans get to be so afraid of hell our cars, not there 30 years ago almost nobody wore seatbelts and No. Shurly us didnt have car seats never mind airbags, passive restraint, deformation zone, ad infintum most yuppies today would have a cow if they had to drive 70 chevy on the highway today, much less a car 50 s Get over it people you should not drive a trunk rolling bank Try driving safety and safetly AVOID accidents.
I sold my car there last year after reading a book called How to live without owning a car that I now have more money to spend on other things and invest for my future A car is sure a money burner for some time.
An argument I hear against buying used cars and run them in the soil is not good to drive the same thing for 15 years, I agree that I love cars.
Get a model that has already fallen, to buy 10K with 60K miles on it, driving for two years and keep it well maintained, and sell 9K for your car payment only reached 41 months more maintenance ends up being about the same as buying that 10K car, driving for 8 years, and ditching the cheap dirt between 2K-3K plus you'll hopefully be missed on expensive belts synchronization maintenance, repairs unforeseen, etc. to be held between 90-120K miles.
After witnessing various friends and family die live to be seriously injured in car accidents, I am really struck by the fact that driving is the most dangerous thing most of us every day and every year the cost therefore, should not be the primary concern is certainly possible, however, to integrate safety as the top criterion and the torque value of points to consider when buying your next car.
Size matters much an accident in a compact or subcompact is 50 more likely to end in death than a full size Do you get 3-5mpg in a compact example of a full sized 4 vs 4 civic cyl agreement worth it black cYL is more likely difficult color accident to see at night Remember the active safety stability control functions, DRL's, Subaru AWD Remember FTW passive safety features telescoping steering column, a plurality of inflatable cushions, crash test ratings.

Also, factor in time and dismay when buying an old car Yes, it may cost you in 1000 in maintenance per year, but how are the headaches of repair shops, non- startup, etc. If your car is in the shop for a week.
The only time this may not make sense, odddly, is currently the reason interest rates.
I know Toyota offers 0 on some cars, and others will probably follow shortly and the bottom line is, if you need to buy a car in the next 5 years, you almost have to buy right now, because interest rates can not go up.
And as we all know, to pay interest on a loan is just money down the toilet.

Although not everyone can afford to do, I save even more do not have a car My total cost is 50 When I am in France, it is 50, when I'm in Canada, it is therefore CAD50 less expensive in Canada, but there are also fewer public transportation there.
This is the total cost per person, while I am married, it is 100 for both of us, we also charge not pay car insurance at all, or gas.
And another very important economy for me is that neither has allowed us Login for test course costs 1000 here in France, and you do not even have a guarantee to get from the first test if my husband and I tried to get a license, we go to about two years of transportation for her, and that art before all costs related to the car.
As I said, not everyone can live without a car, and most people in North America can t, so using an older version seems the way to go just thought I'd be height in this option to consider is not to get a car at all, if you can.
It's about what I've always done, I owned 4 cars since I was 16 and I'm now 25 In that time my total out of pocket costs for depreciation and the cost of current car for cars I owned was approximately 9K and about 5 km reparations It's not like I bought junk cars or I owned a 1991 Blazer 1993 3000GT 1997 Lexus LS400 and 1999 Honda Accord current car the thing I found most important about buying used is the purchase of cars with drivetrains bulletproof This ensures fewer trips to the mechanic Lexus and Honda have proven to be the most reliable the best recipe I've found is to buy cars that are around 7-8 years are Honda or Toyota and suffered more than the average depreciation, it saved me a lot.
After years and years to always have a new car, I paid off for the first time of 1 1 there 2 years and plan to drive until I can no longer depend It a great feeling that this expenditure raya my list.

From your first comment, but your accounting is fuzzy at best by sending your car payment of 250 months after four years, you now save indefinitely 250 per month if you had financed 95 Prism for one year instead of four, then your monthly payments would have been nearly 1,000; let s say 10 000 for the year and you would have paid off in 1996, to the right, so that's 13 years ago, that's see, wear if you had financed this for a year instead of four by your logic would now saved 130,000 instead of 27,000 you can take it anywhere, and that's the problem, it is absurd Ryan2.
You take the post out of context and Joel arguing against something else His point is entirely inside the comparison of a specific alternative get a new car every four years with the clear juxtaposition, you can apparently enter t his point that it saved money every year, it happens after the loan payment date is entirely correct your example to increase the amounts of payments and shorten the time does not change or disable his point, and only shows your lack of understanding.
Alternatively, he could have said that in 2008 he bought a pogo stick for 60 instead of a private jet to 40 million this comparison clearly defined, he saved 39,999,940 by the jet above.
I think everyone knows that there comes a time to keep your old car is not wise either a standpoint of safety or the amount of money you spend in repairs Certainly there many factors to consider, I think always buy a used car safely in care of it, and make it last as long as possible, is usually the most frugal way to go like all things in life which are unpredictable, there is always a risk factor for informed and wise choices can help minimize this risk If your used to pay for the car seems good enough for you, works well and is reasonably sure he n ' there is nothing wrong to last as long as you can If having a new car or a nice car or a comfortable car is important to you as well as s Maybe you are frugal elsewhere we all ifferent regarding the things that matter most to us, to me, a car is not high on my agenda, I would prefer to save money and spend it on something else that makes the material to me or add to your Stretch to re fund so I can travel a day.
JD Get Rich Slowly helped me put in perspective what matters to me most and helped me realize that my true goals Last year was eye opening for me, I thought I wanted and deserve all sorts of things that my needs are much simpler now and my goal and I deserve to be free is free to be able to do what I want when I want it n your car on earth will never make me feel as good as this.
How on earth can you spend 00 15800 in repairs on a Pontiac And then an additional $ 00 7000 I think people repair garages that you took advantage of your car for you, I had an engine replaced a car and it was about 3000 00 it was reasonable enough, as I have heard of engine replacement is around 5000 to 6000 00 I do not know much about car repairs, but I think you would had to replace almost everything in your car to spend that kind of money.

I drive a 1997 Hyundai Elantra that I am very happy the other hand, I hate my 2005 Ford Focus is the first American car I ever bought nine and the last I'll ever buy.
My 1994 Ford Escort bit the dust in 2006, and I replaced it with 2005 Mazda3 I am committed to my new car for the long term Ford suffered abuse in the hands of the former owners, and if she could do it for 12 I know my precious Mazda will be reliable for years to come.
I was driving an old car, he was 16 when she died when I replaced it, I'm a 2007 Yaris I considered buying another, aged 10, but the difference this time is that I had the money I always bought the best car I could afford without going into debt now, I have enough money that I can do it, and also get the car I want and based on the napkin calculations, I think not that it makes a difference financially.
My first car cost 3000 and lasted three years, he also died at 16 The second cost of car 6600 and lasted 6 years My new car cost 15,700 and I do not think it's unreasonable to expect to last 15 years and for most of those years he will no idiosyncrasy My previous cars had minor anoyances like broken traffic lights and trunks fleeing when I bought them, and didn t develop new ones.

I think the main things when buying a car are one donation go? T in debt 2 don t buy more car than you need, just because you want it 3 straight into the ground.
Two hundred more I'd rather ride a horse, but I had more accidents with horses brakes aren t always reliable preventive maintenance, staying on the road as much as possible and good works best for driving safety skills the longevity of the vehicle and costs for my son worked for a VW Honda dealership after graduation, he said he would never buy a VW because they were the ones coming up with problems 80 enjoyed your time strategy Bolide the 118 for the purchase of a car Nused.
Ah, yes, the old security argument Most people overestimate their risk of being in a serious car accident, it is about 1 in 20, but most people think it is 1 to 2 of Also, the older you are, the less likely you are to engage in the conduct of behaviors that lead to accidents, I suspect most readers Get Rich Slowly are cautious and very unlikely to drive recklessly therefore types, they are quite safe to continue driving their paid leave, 15 years old Hondas.
I had my 98 Honda Accord for 6 years now and it's got more than 260,000 miles on it and still my wife's got a 97 Ford Taurus which 210000 on it, we haven t had peace car payments in more 10 years we paid cash for used cars we will be trading in the Taurus used van for a family this year, but won t be until we saved enough money s called a payment plan we prefer this payment plan on any other funds we have seen.
Moreover, choosing to drive an old car with a reasonable fuel efficiency rather than buying a new market, you have significantly reduced the enormous carbon emissions needed to create a new car, especially when you consider the ecological impact of the exploitation of metallic minerals original I am amazed to see people with a few years on their small cars out and buy a new hybrid Prius and thinking they are the ecosystem a favor instead requiring a high cost of new carbon emissions.

I bought new 1991 Nissan Sentra and continue driving now with nearly 230,000 miles on it than I change the oil every 7500 miles around and keep the car regularly by most manufacturers recommendations such as TuneUps and replacement filters, cleaning injectors, hot flushes, etc. the air conditioner worked well without incident from the start and the car continues to get between 28 and 32 MPG sometimes driving on wide highway, 34 MPG Except for routine brake almost every 60,000 miles and replace tires, one major repair was having rebuilt transmission for about 2,400 to about 175,000 miles I intend to keep it until it gives me a real reason not expensive.
My wife is doing the same with her car, she also has a Honda Civic 1996, with only 60,000 miles on it, she wants a new Prius But also, simply continue to drive the vehicle until that it working.
That's so cool I did not think anyone out there could beat me, I have 96 Corrola with 82k miles on it Way to go Wife JD.
My car is 18 January 2 years and my car husband is a year younger than I bought my new car brand and paid all in about three years my husband and I decided some years ago that I drive up to 'that he died, and it seems that I will get another year of this Meanwhile, I have to live with the attitude of others to bring me an old car that I know a lot of people who leave the principle we drive old cars because we can afford new in fact I had a friend who should have known better offer to buy me coffee a day because I know you're broke, I laughed and accepted the coffee.
My husband and I now know why we drive old cars We seek to repay our 30 year mortgage in less than 10 years if we bought new or newer car than money that didnt go on the mortgage and multiplied by the interest we pay then it is not worth for us.
Now here's my guilty conscience buy new rose.

I bought 2007 New Honda Odyssey 29k I think Decreasing a car cheaper opportunity because of too much responsibility the loan's present value, I can sell it for 24k and is almost the same amount that I owe to the bank as well.
Do you guys think it is a wise decision, I am still confused between the heart as it is my first new car and mind off the loss.
No, I think that you are Don t do anything drastic You probably need a minivan for your family, right someone buy anything else is expensive, of course but it is not outrageous, it is a good family, solid, reliable, safe car that should last you for 10 years.
In fact, if you didn t already this car and asked me what I d like to buy a used car, probably a minivan for children, what should I buy I would say you Find a good old Odyssey two years or Sienna you see my highlight what's done is done you do own a new car more, you own a used car it might not be the most frugal thing to buy a new car, but what is done is donated t feel guilty, be happy now that you know you do not want such a debt a car in the future, and you pay your loan balance, you can say I'll never have that new car debt in my life and that's a lot better than most people.
From there, do what you can to repay the ready earlier when paid at the beginning, as everyone advised here, keep driving as long as possible while recording for replacement Pay cash for replacement if possible.

A trick my wife and I did after we paid her car, was to take the payments that we pay, and put them directly into savings We knew we could do without the payment amount of the car, this amount could save right after the car has been paid.
I replaced my truck last July I bought 97 It was paid off in 2000, I liked it, but after 170,000 miles, rolling down the windows and AC dead did I mention that I live Dallas where it is over 100 degrees most of July and August I bought a new used truck, I plan to have for another ten years.
This is exactly what I participate in what I made the mistake of buying a Honda Civic ago in 2003 two years and I'm still paying for it, I'm going to run this car into the ground.
My 1972 240Z was really cheap and it looks so much better than geo prizm I know because my 240Z is parked right next to my sisters Prizm if you want a cheap car look in a kit car.
Great post, I really agree with the idea of ​​keeping cars and the usual purchase I bought my new car last week, there is a 2008 with 11,400 miles, I was paying the price of 50 2009 seated next to him always new car smell, full warranty, etc.
I'll keep this car for at least the next 8 years, I traded in a 12-year car reaches 129k miles on it.

I saw in Poland and the purchase of a new car is quite expensive you have to worry about theft, buy car insurance that covers theft, etc. When driving an older version, you can deposit as insurance waay and costs less.
Our insurance company based their insurance rates here in Poland, just south of Warsaw on our driving record than on the age of the automobile liability we wear a t C which saves a tonne.
I do not understand why anyone even want to own a new car here in Poland, I have heard too many stories of mafia steal cars new cars are much more a target than older.
I am very happy to have our first car for 12 years here in Poland we had to finally sell our van Ford Transit as pieces of junk because it was in such poor condition worn We bought a couple years and used to carry around youth for the youth group and our family of 7 he was still running when we finally sold for a few hundred dollars, but we really afraid of breaking some things that could have caused a major accident.

Buying new just doesn t make sense to me, unless you have already saved money in a savings account.
And to be honest, we need people to keep buying new ones and replace their cars every two or three years so that we can buy used.
I've had 99 mid-2003 Accord mid-2008 5 years do not bring me any problems since I bought it as CPO When I moved to larger city, you see the most aggressive drivers, if you need better breaks, better handling and safety even if I did not need a car, but I went ahead and got 2004 BMW It is bad idea to buy something that will in the store much more often than the old car are working well, but you must remember that saving money is good, but you live off having children or downsize your life could be better than driving dangerous and unreliable car previous car 99 Agreement has not ABS, no stability control, no side airbags, slow to stop handling and less agile and pick up if you live in a small town and everything you do make s races, getting older Japanese will do, but if you need to be at work in a suit and drive your colleagues for lunch in the car safely when it is your turn everything together, it is quite difficult to again, no net savings of 20K, but it can be hit by a bus or back over, or get diagnosed with an incurable disease all that waste and sacrifice to keep it right next to the children few cheers of all time.
I do not actually think this calculation is all blurry.

If you pay MTH 250 for a car payment you MTH 250 is budgeted to pay the car Once you are no longer making that payment In my case, my car was totaled when I hit stopped at a stop sign then you have 250 MTH to other uses that I put into my 401k if I save 250 MTH because I'm not a car payment.
It may be technically blurred from an accounting viewpoint of assets, but it is literally true.
In other news, I now drive my boyfriend drives a 1982 Volvo 97 Volvs it every day and I save a used car This newish Volvo has more than 300,000 miles on it and costs about 600 in maintenance repairs last year, including oil changes, it is super reliable and I really love the old beast.
I can not follow the fundamental principle that a new car costs more than keeping your old Just before the holidays I am a new car I had rented a Honda Civic 2006 Signed in March 2006 for five years and scheduled for repurchase at the end of December, my provider called me to offer me a rental offer 2009 Civic for the same condition in my contract for five years from now, he wants to sell my car as opportunity.
After some negotiating, I said yes, I think I did a good thing because I NEGOTIATED successfully lower payment insurrance My didn t raise enough to negate the savings in the net, I save 30 a month, I was behind in my savings to buy the car in 2011 now I can save less each month to buy the car in 2014 and assign the difference for other purposes as a cash transaction or for my laser emergency eye it feels good to have a new color that reflects the new dynamism in my lifestyle wich I build around advice found here at GRS and elsewhere as AONC and Zen Habits taffeta white rocks.
However, the purchase of the car is a Plan B Plan A is to get out of bondage to need a car at all is a project by itself and now I have five more years to put implemented.

For MHB, who hopes her children yet to be born-cast his Honda.
We brought our newborn son to the hospital in 1996 in our 1990 Honda Civic He's 12 now and wants to learn to drive.
If this car isn t in three years, we could be 89 Civic is lower mileage, since the AC was released 10 years ago.
1 Let parked outside your house People will assume you have no money, and they are less likely to break in addition, you will have more space in your garage for storage of 2 more worries My door dings children were regularly and play on the hood and the trunk of my old car and eat and drink what I'd never let them get on a new car 3 the cushy seats in my old American cars are more comfortable than the seats rigid my mother-in-law's 07 Agreement.

On the other hand, my old car is not much fun to drive my wife is a nurse always share stories about people cut off in their prime by illness or accidents It makes me want to go for the MINI while I'm young enough and healthy enough to enjoy it.
Good motivation, JD 2 years you know no car payment was frustrated to have to do a major overhaul.
You are right, the repair cost is less than my car payments when I look at the year Thank you.
I've run the numbers on this site, in fact, the cost of owning a car and we all agree that we need to keep this cost ALARA as low as reasonably achievable, a familiar term for those working with hazardous materials the current culture of buying a new car every two years is stupid.
At the same time I do not expect that everyone wring every last penny of the value of a vehicle is My expectation that people understand the cost vs. value.

My husband is 6 8 6 I got rid of my first car a Protege Mazda 1999 after I got married because enter it and leave the stupid thing was to work with the clowns in the circus In a similar situation, we got rid of a sedan for his current truck when we had our first baby because we put both in a classic sedan left no room for a baby seat and if we have too many children for our standard 5 seats people we will get an even larger vehicle.
Security straddling the line between needs and wants you need a vehicle safely, but you want the safest car, I want a reliable vehicle I do not worry about repair costs as much as time commitment, I have to do the repair shop, get to work, coordinate pick, etc. I don t mind if I do it once a year, but if I do every few months, even for small repairs, it is not reliable and repairs i have the knowledge to myself take a time and resource commitment as well.
I'll drive a junker if it's all I can afford And even if you can afford it, buy a new car every year or two is a waste, but this is part of cheap frugal After a balance Point the expense and need for affordability weighed against the needs and desires of safety, reliability, comfort, etc.
Everyone makes fun of my little 2001 Ford Focus Wagon They ask me, why do not you get a new car My little Ford Focus aka Small FF has 171,000 miles on it and runs great knock on wood My goal for my little FF To reach 250,000 miles How excititing if I understand about 3 years I love all my little FF even the rusty roof of course, there are things I like does not like my dogs won t go to window down, the scan button is down, it didnt 4WD which, moreover, I'll be getting when I get my next car, but that's okay my Little FF and I will ride into the sunset.
This guy is lucky As others have said it really depends on the car and not everyone can do their own repairs Besides, I think there is a line between being reflected on your money and just be cheap to itself.
I never understood why some people change cars every few years.

I was looking to buy a mini summer All Minis on the field were used almost exactly 4-5 years, or 50,000 miles Mini and trade is guaranteed for 4 year 50,000 mile People hunt them for their guarantee I could not believe it.
I was 22 when I bought my first car and Sá a little rusty, many cosmetic quirks 1992 Honda Civic and I'm totally in love with it, I have had it for almost a year and hit t wood paradise has a simple tire repair and oil change gift t really count as I drool over the new Civics, but I plan on mine pipe until it becomes unreliable or dangerous to I do not have a car payment and pay for my first car with money was a great feeling that I'm hoping to do the same with every car I buy, pay all cash or at least 50 new security controls power windows locks extras car just aren t worth the stress of a car payment.
I'm in this with you, I have 1996 Pontiac Sunfire GT I paid earlier and have had no payments for 10 years Of course, the LCD for clock and radio doesn t work anymore and he n ' there is no air conditioning unless I decide to charge it every year, and doesn t passenger window roll down, but it is paid and readers as well as everything I could ask I just hope I can get a few years of this great post thanks.
Our new car is a 1995 Subaru, we bought it 3 years ago with 235,000 miles on it like all our vehicles, we paid the money and we do repairs.

The best advice I ever got about the use of credit was only buy assets that appreciate, something that never depreciates, if I'm not payments over time when GMAC was cold call me trying to say I had a bad loan with them, it was another Steph I could say that I knew they had the wrong person because I've never had a car loan, it baffled the supervisor and they leave the call.
Great post, I try to do a little more just in my area, you will find usually import generally well maintained Honda or Toyota with about 100K miles on it for 3-4000 With proper care and maintenance, you can get a another 100K miles out then made again that art 200K miles for 8K even if you buy a new car, to 20-30,000, take care and get 200K miles, you're ahead of the game, even with all the If necessary repairs 3000 car jump, buy another and you are ahead and that doesn t even take into account the costs for insurance payments and interest Nevertheless, buying a well maintained import 4K take care of it, lead to death, rinse and repeat, the bank savings.
I do the same thing with my current car is only 5 years old and I hope to reach 15 It's Corolla so the chances are with me after paying all, I put the same amount into a savings account every month, he built rapid emergency fund.
I have a series sedan Saturn SL 2000 I bought it used, and I have only two payments left that I plan to drive this car as close to forever as I can The car has no rust and is in excellent condition, I welcome any car payment and lowest insurance rates that I plan to divert more money I save a tranportation account savings account money will be used for all car repairs and maintenance required, or to replace the car with another used car, of course, in the event up and dies and repair does not make financial sense.
It goes without saying that if the car becomes dangerous, it will be immediately replaced, I thought if I would trust this car long road trips The solution I came up with is to rent a car on the rare occasions There are many business do on weekly rentals and I still say it to me far outweighs the cost of a monthly car payment.

Hi all, I'm probably at the bottom of the spectrum, with a Saab 1983 900 which is coming to 500k miles I think Sá sound economic decision one of the things that really matters here is that it is the worth so little that any costly repairs send the wreck scrap instead of my money in it, but I can not rely on it 100 Probably not the best decision for the environment to keep it, but I can not afford a more expensive currently.
I own a 2003 Honda CR-V with 78k miles on it that is fully paid for, but I now live in a city where I drive rarely It's great concern to treat them with the movement for street cleaning and difficult to find a place parking when I use it I'm debating whether I sell it or just keep forever this car because it is a nice car and it's nice to leave town sometimes all thought.
When I quit my job to go independent last year, I put some serious thinking about what to make of a car I had company cars for the past 5 years, the last being a convertible Mini Cooper.
My original plan was to rent a car, and for maintenance, etc., I planned to spend 350 per month for a fairly standard hatchback Seat Leon, so that s p a 4.200 for 3 years of the lease.
Instead, I bought an old 1500 BMW 316 I spent 800 having work done to bring it to zero, but I think I'm still ahead by 1,900 after the first year 11 years and the best bit compared to the Mini, it's more comfortable, more economical, more convenient and believe it or not has a better turning radius which can be important on our narrow roads here in the UK.

This week we paid our 2000 Honda Accord that I bought used in 2006 My husband and I have just discussed how we keep it around for our children to learn to drive on.
I agree with the above commentators that it really depends on the car.
My 1997 VW Jetta cost me over 3000 in repairs over the last eight months I had, and I sold at 190k miles or, with 1,000 other ongoing repairs.
I counted try to keep it on the road longer, but it wasn t an option The funny thing is, I started to feel safe in the car just around when maintenance costs really accelerated, I wish Looking back, I listened to my gut feeling from the car.
I bought my 1999 VW Passat used in 01, about half of what it was back again've so I knew I wanted something solid so I could drive it until it falls outside and do my research up front really paid.

Many new VWs and other cars flimsier building, depending on where they're manufactured, but I made sure to double-check the VIN number and got one that was made in Germany Once you have narrowed your choice of car, car forums are a great resource for understanding what others have problems 5-10 years the line, and what to look for if you are buying used other commonly known fact re is that every BMW model is updated every 7 years, and you do want to buy the first year of the upgrade because they correct most small defects after.
I also bought a stick shift to save gas, and I'm sure that's contributed a fair amount of money over the years My car's still strong, even if I could update a little when it gives my next new car will be new to me.
I am friendly and driving a Saab 99 with 150K miles that I paid a lot, there are many years, but I think you have missed two or more generations of improved security It seems that your car has an airbag front passenger and can have abs I think the relatively modest cost of moving to a vehicle used in the range in 2002, with at least some type of side airbags, ABS if you do not, and can -being one of the ESP stability program, ESC, much less simply better designed interiors, frames and doors is well worth it.
No time to read all these comments so already.
Just wanted to say I drive a Kia hatchback that costs only 15K NEW Kia 4 door can be had for only 10K Thus, the author could simply buy a brand new car that has a warrenty of ten years with the money that they re put aside when they're ready.

I like the idea of ​​running a car into the ground I just didn t feel comfortable enough to do my own car to work, and I have not done to a garage, which are the two main reasons which I decided to go with a brand new car, but only one with a ten-year warrenty.
I agree, it depends of the car 88 My Volvo 240 had to be given last spring I was LUCKY that it lasted six years, I had and that I put 400 in repairs during the time I owned it not to mention driving a 275K mile drive on some of the steepest hills in the city in the country on a San Francisco original clutch that is extremely rare I don not expect to be again that luck.
My grandmother 87 Nissan Maxima retired just a few years to 350K miles and never put more than 1,500 in repairs, I do not expect to see again.
Beautiful allocation of expenses that I have a 2001 Saturn SL1 that is fully paid for and did not have to make payments in nearly two years, I hope to drive for at least 10 more My only concern is that it didnt security features that some of the newer vehicles, however, this car is used to drive to and from my work as you stay on the maintenance vehicle 60 miles per week, you should be all set.
I found things a little different when owning a car My first car purchase was in 1994 for about 10 8k, Nissan I kept the car even 14, I managed to sink about 11k in maintenance I am very surprised suspect your 2k repairs but mine included all tires, four sets or 500 every time but no significant fuel cost change clutch, starter, water pump, etc. is like another 3k So it adds up quickly replacing the timing belt is 600 single bottom line, the allocation of at least 500 per year for a car is required another 1,000 on fuel, another 500-750 for insurance etc. I any car is estimated at least 3k cost per year as well as a car so older make repairs to 8 years costs my car 3k keep But costs fell after the brand 14 years I thought now that he would start too expensive so I sold 2 5K, a good deal for 1993 old car 15 years buying a new car, but paid cash for a good thing, too, and the shares sold to mutual funds that would lost 30 had I not done this so I actually com e in advance by buying new, even when you account for the amortization lost 10 driving off the lot, I will note that the next time I buy used .
4 years when our car needs 10 years replaces New is nice, but not necessarily better.

I have an old BMW 3 Series 13 years I bought new 13 years later, 130.000 km, it still looks great and drives great Above all, I am happy that he survived this long and cost so little to keep I have owned other cars previously and led them into the ground too, but they were much more expensive than owning this little guy.
My 1998 Honda Accord EX Acquired less than 68K miles Although the dark blue paint badly missing roof ,, trunk and hood because of the unforgiving Miami sun, the car still works as well, with only a few minor ailments like noisy power windows cold days I bought new tires and brake pads replaced at 38K miles in 2003, must do it again the timing belt and water pump replaced at 60K changes and other maintenance work on each 8K miles or things bringing my maintenance costs about 400 years on average since I paid the car off in 2003 I still carry full coverage, including full, for which I pay 956 years Miami is a city expensive for car insurance I deposit the full game and save about 300 per year domestic still shine with Armor-All semiannual treatment that leaves an odor Car Rear-view, I realize that it was a good idea to have bought a high-end model like this instead of a cheaper model, although I took a lot of slack when J 'admitted buying brand new on the various discussion groups frugality when I have to admit I feel a little embarrassed when I park next to all these escalations brilliant, Lexus and Audis that swarm in Miami or if I had to use so I so think a lot of people I know with 600 one months car payment and leases and I do the happy dance.
I have a goal in 2000, I've had for 4 years with over 120,000 miles on the clock.
Bought used in 3500, the current price 2900, which is pretty good for deprecation.

It seems, even with customer visits, do let me down on the front of the appearance Some subtle accessories beautiful new large alloys 150 eBay aid.
I always kept my car as long as possible, and made myself repairs, with the exception of a recent accident of non-insurance claim.
I also find that I can get about 500 750 for circuit breakers parts for older vehicles, I tape It also helps in terms of overall operating costs for the lifetime of the vehicles, there are pieces still in good condition left on people to buy, no matter how old the car.
I look around 500 a year in maintenance, eBay's great to get the price down dealer quote, 900 for mounted disks and pads, me in the garage with brand tampons and about an hour, 50.
NB The emphasis is not known to rust, but one of the rear doors had internal flaking, replacement eBay for 35, my buddy painting as a favor for a job I did for him, indistinguishable professional work, free.
You can do all the calculations you want, but honetly, the only thing you probably did not come with a financial justification for the purchase of a new car the one you currently own there are only two reasons why he never really makes sense to replace your car.

1 It is safer This is a very important reason and should not be overlooked when performing your calculations.
2 You really just absolutely can t hold your car and it has a negative impact on your quality of life, happiness and overall satisfaction in life are things of value If you can t expect 45 minutes for winter inside your car or get hot you can not stand the uncertainty of wondering when you will make your next repair, get different car.
Make sure you stay within your means and donating t plane on the exchange as soon as new models begin to appear in magazines in my experience, a reckless car purchase is the only thing that sends most often people on the financial edge.
The point of trivia for other readers This message did not start as a position it was an email sent Joel to a friend Afterwards, he sent a copy to me, I polished the rough edges, and That's it.
What I am saying is that I think this stuff in real life is great, and if you have similar stories to contribute, I'm happy to share them with readers grams.
Great post I'm from a family of drive that car into the ground Yeah There's others like me.

My last pd used car in 5300 species looked pretty bad after 10 years driving after an accident, I stayed with a color replacement cover off I suffered years of his friends teased for the car two tones with splashes of paint flanks drove on a wet line on the road I do not care Why Because I saved 30k in 10 years of driving still ugly v reliable car.
It's nice to see the job decompose I have made the calculation other than the car payment to the interest savings that I didnt subtract repairs because I had a great and all cars eventually need repair maintanence When I need the only major repair, the new part was 1100; salvage yards, 700 to secure labor Everyone says Oooh buy a new car 700 as two car payments I'm like, uh, yes, two of SIXTY ACK.
Frankly, I fear that car payments I have never had and do not want to start now.
PS My current car is a 1996 I dontated my car to charity in 1993 he was still running fine, but a family member had the car 96 to also give in good condition, low miles I'm hoping to get at least three years on this one on wood, if not more.
You are basing the amount you save not having a car payment on what appears to be a flat fee for a car payment so what happens if the Americans suddenly start spending a lot less on cars, as happens now are you saving now unless you were before, because the average reference declined no, of course not, you can not calculate what you are saving based on an arbitrary potential costs that you are avoiding the person who buys a bunch stuff with coupons didn t save money he spent, but slightly less than the full price.

If the thinking that I'm saving a car payment works for you, that's great as far as the mental motivation I understand that personal finance is as much mental as mathematics and to some extent you are right to do so when you're tempted, looking at a new car, for example, it is good to say, well, not to buy that new car, I saved 300 each month what you're really saying is to acquire this new car will cost me 300 more each month, and I'd rather save that money instead.
You save money by putting real dollars aside and put it in the bank or otherwise.
It Sá difficult argument to make to try to pretend that you are saving money when you spend less than what the average American spends about a product or a similar service and that is basically what you and author try to do well, I should be able to be X-spending, and now I'm not, so I might save X.
Many people go to the movies; I prefer Netflix I'm saving, let's say, 30 per month Many people take annual holidays for 5000 a year I do not always do, so that's a lot of money I just saved Wow, I'm great Aren t I.
If you haven t made a deposit on an account, you haven t saved anything, you may have avoided a potential cost, I'll grant you, but it's not the whole picture .
I do not mean to attack the methods that work for you, we are all agreed here on the importance of the issue of frugality This is just fussy details, and I do because the author told the history in a number and style of accounting, and that simply not true art.

The best way, at least for me, thinking about cars is an expense they re an expense that I have to endure in exchange for the transportation they provide for me, I like to manage these expenses similar to the way whose company is a capital investment that has a tangible value, but depreciates providing a useful service.
Good afternoon, good plan, we are working on the same level The only thing I see is that you said that you saved 27,000 It's true that if you saved that money I guess the comment later now put 300 a month in an ING account and you will have about 10,000 for a down payment soon, you do not actually save were your savings if you did then you would have had about 40 000 in four years you would allowed to pay the money for a new car quite soft.
Do not criticize, I made the same mistake we haven t had a car payment in seven years, but we also weren t save money until there is some years now I have almost 10 000 set aside for another car, but I myself am kicking to not save my savings for the last seven years 10,000 is great, but I came to love the car-payment of life and 10 000 won t buy a new car we will continue to drive our former as long as possible and expect to get that close to a new paid off a possible.
I also have an old car, a 1993 Honda Civic I bought new in 1993 and paid all in 2 five years has been the best car running that I've ever had, only 2500 repairs over the past 16 years, I simply like my car, so that is one reason that I have not updated, the other reason is that I can put away so a month, but I'm so almost there when my Civic finally gives, I'll be ready Great post.
I am able to pay a new Accord 1992 Honda in 6 months, and it was still strong in the fall of 2008 with 252,000 miles when I hit a deer While I had some high maintenance years up to 2000 on a very bad year, all maintenance, including oil changes on average less than 70 months for the life of the car and my insurance had fallen to less than 50 months and I splurge on the details from time to time.
130 and worth every penny that I have done 2 or 3 times over the 16 years, so the car didn t quite new car smell, but it was close.

Unfortuntely with my current circumstances, I have no debt to buy a used car, but my payments are only 139 months and I work from home now, and maintenance and gas are really there for me.
I drove that car another 10 years if I could not just because of money, but as others have mentioned, it is actually really nice to have a car that you really care if t she gets banged, or even totaled as if nobody gets hurt I mean, I really feel for deer, but no one else was injured it was great that I had known for years that no matter what happened to this car, I was already so far in keeping it if long.
Many people didn t get why I would continue to drive the same car for so long but is okay, I don t get those people, either.
We just bought a new for us since last fall, we saved and bought the car with money I had driven a 1999 paid for the car that I hated in the same period I owned the car 1999 I have a friend who rented two cars its first cost 500 a month and her second lease is 700 months and she still has student loan debt and I have another friend who is on his fourth car these car payments add my friend rented her first car for 3 years and then renewed year because it wasn t what to do, she spent more than 25 000 over the first while since I bought my car for Nused less than 20,000.
Emilie; and yet I think it is important to look at the things we do as great in a possible reference frame, because everything you mentioned should weigh in any decision.
And it is quite easy for a logical argument to make for Dependance fell on the car.

I bet if one were to trace the easy access to car loans, with the popularity of TVs and cross reference to obesity that we see for a sizeable increase around there.
I'm pretty chubby after having my first car I ride a bike everywhere it was hard to go back to what I had to go right first.
As some comments mentioned above, this type of cost savings depends heavily on the private car, but it also depends on where you live.
In 2003, I was driving a 1994 Dodge Spirit with 169K on it the engine ran perfectly again, and he never gave me any problem my problem, though, is that I moved from New York to Pennsylvania in New York, they use a ton of road salt in winter, and everyone who lives there knows that no matter how much you had your car, it will eventually take a toll on the sheet So the car had rust holes in what were completely cosmetic problems and was perfectly legal in New York when I got the car inspected by PA a month after it inspected in New York, they said to pass the inspection of the state, I would need to find body work done on the car that could have cost me more than the car is worth s Although the car worked perfectly and was still plenty of life, I am obliged to abandon because there was rust on each time I drive to New York now and see 20-year-old pickup truck with only a third of the left rear wing because of rust, I'm still a little bitter.
Or you can bike, walk and take public transport If you have a gym membership, you won not need it if you bike and walk if you skip using your car even 20 time, consider the the money you save to, and wear you to save on your car, and the health benefits that I won t go to the environmental benefits.

We try to avoid investing in assets that depreciate as most cars are transport, no investment.
Our current cars are a 1994 Toyota Corolla and a Honda Odyssey 165k 80k 2002 They look a little trashy, but we're OK with that they work very well.
We had some costly repairs on the Corolla in the last 3 years, but they have been much less of a replacement used car.
I remember someone asks Click and Clack when it's time to stop paying to repair a car, and they said that when the car repaired is worth less than the repair for you, then it's time to give us haven t there yet, but we set a ceiling estimation number every time we take a car for repairs.
Grand Poste My car goes over 10 and until it no longer works, it will be my car, I think when you have to buy a car, you should try to find something not too old to make sure you get the benefits of a milage and hopefully not just new warranty.
I really like your thinking save the car payment each month, it is using the same philosophy as the snowball method of debt repayment cc lowest Dave Ramsay first to have a sense of accomplishment that leads to greater confidence and less liklihood to abandon your new and improved budgetary means Guess the critics do not see the philosophy behind the thought concrete is depressing.

Why drive a car in all I go to work by subway, which is cheaper than gas and faster.
From time to time I rent a car for the weekend, which is about 90 for the whole weekend.
And I am not a member of a car-sharing community, I can pick up cars all over the city Cost about February 30 an hour 0 24 km per Including gas.
So my annual costs are less than 2500 and I'm still having a car that feels new.
I think it is a quite reasonable to calculate the savings here is my justification.
Geo worth that 13,000 new After 4 years, perhaps it is worth half 6500 But what most people is commerce in trading value 4,000, they get a more expensive car perhaps 17,000 they have the same loan 13 000 and the same amount, and only one car, they second car could be nicer, but still has four tires and a steering wheel.

That's the argument, and if you look at the expenses that people incur when they enter the car permutation cycle, that is a very good estimate.
The problem with estimating depreciation is you described is that it shows how to estimate the year of cost or mile costs of its geo, but there are many more steps to calculating the cost of new cars every year, and you end of with almost the same number, if you get all the stage finance, distributor price vs FSBO in against Ryan example, if the alternative to the geo was buying a new car, with the same car payment after ten months, the geo will save 130,000.
In my experience, buying used, and long-term storage means you can buy your way out of almost any mechanical problems, I think it gave Sá truth that repairing a car will be cheaper than to buy another car, even if it's used.
Great post What is great to drive your car into the ground is that it is a strategy that everyone drives can implement to put in your plan to drive your car for at least 10 years and watch your savings account grow.
I was driving a 89 Nissan Stanza for 93-05 My parents bought the car for me and usually I just pocketed the money to save for my next car in 05 I got rid of the Nissan 150 w mid on what I 'I bought a 01 Acura 18k for money I paid, I still drive the car and it is still a very nice car and its value still about 7k.

Last year, I only put about 1,600 in repairs in her First I bought a new set of Michelins in good January for another 65k miles Then, in December, I had the timing belt , water pump and 90k mi service to an independent mechanic I know and trust I fully plan to drive this car for about 4 more years when I'm at 120k miles, I will reassess my plan at that time.
My husband prefers to buy a new car for himself as long as his needs are modest, it comes out ok if he drove the car 12 years or more, we essentially try to keep the cost of repairs less cars, gas, maintenance less than 2k per year in other words, I paid 18k for the Acura I have to drive 9 years he paid 24k for its Camry, he must drive 12 during things happen such as accidents and family changes that may require a different type of car, but we try to stick to the cost 2k year.
Not everything is as beautiful as it seems at first glance First, here in Europe, at least in Poland possession of an old car really makes your more expensive insurance The insurance company assumes that the more the car is accident-prone is second, having a car can save you money only when there is a fairly reliable car buing STH Sometimes new is more profitable because it Brokes less often What's more, older cars tend to have engines less economical, which means you'll spend more on gas, however, this position is always a good tip that legislation coming from the EU deviate previous regulations forcing automakers to publish car's specifications to allow anyone to produce spare parts equivalent If the new law comes into force, only authorized service stations will have parts and appropriate knowledge to repair the car driving a rusty, old diesel can proove then even more frugal.
I currently drive a Jeep Cherokee 2000 I bought used currently must yet, but intend to drive well after I paid off.
Great people article really should take note of this article Yes, it goes against popular opinion, but is not that what we must do to Get Rich Slowly.
My father used to always say that there is never a good reason to take a loan to buy a car so far in my life, I have course I pushed some pretty junky cars especially when I was younger.

I recently bought a new car for me I sold my 95 Mercury for a nominal value and bought a 2004 Toyota Camry I paid all cash for the purchase I do not know if it was a good decision or it would be nice not to have this 11k back, but I also have a car that starts every morning and puts me to work, I work in an area where customers can make judgments based on your appearance, including what driving.
I think I would rather be broken drive a Geo Prism.
Another advantage of driving a car less more likely to have broken or stolen in I drive my cars average 10-12 years time the cost of maintenance and breakdowns of disadvantages starts eating into the interest driving an old car driving a classic car isn ta guarantee it won t be divided into or stolen, of course, but I think it also decreases your chances, I tend not to be subjected to stress on small dings , anxious to have the stalled car, etc. I always feel more stressed the first 2-3 years of driving my new car.
It's an incredibly stupid way of calculating the cost of a car There is no direct relationship between the cost of a car and the payments.
The right way is to say that the cost of a car is equal to the value of loss, and repairs Thus, a new car will generally have a greater impairment, but fewer repairs.

A new 20K car can easily lose 20 of it is the value of the first year, or 4K, which makes it expensive, even if zero has the necessary repairs.
The most economical car to drive, is one where the amount of the impairment loss and repair is the lowest possible difficult to know in advance, you can get lucky and car 3K work for a year with zero repairs, or you can get lucky and buy a 20K car that still requires major repairs.
What is certain is that the first 2-3 years are expensive Buying a car three years and conduct S13 until it is almost certainly going to be better than buying a new car and drive until it is 10.
On the other hand, buying a car and driving 15 years for the next 10 years probably isn t a good idea, quite likely that the repairs cost more than you save.
In addition to this, a new car may be more fuel efficient, safer, more reliable and more comfortable One is directly financially significant, the rest also has some value to people, how much depends on personal preference.
We have two drummers, a 1991 Chevy and 1995 Honda 40 mpg, both pass the 240,000 mark Even if the two were running well, they were taken to a local mechanic to a workover maintence this summer, we have the money, never have and never will buy new.

Good idea and inspiring, but as Ryan2 displayed above unfortunately don t calculations much sense.
When buying a car, it is worth some money initially, and then amortizes over time with the use Each year you have it, you save less money, because you do can save the value of your car once it is worth virtually nothing scrap to say that, you save nothing and in fact, it can cost you money, because of the maintenance costs.
The calculation you need to do is how I spent initially, how the car has depreciated, how do I sell at the moment, how much it costs for maintenance, and how much will it cost me to replace him.
As Ryan2 stressed, it is important not to get confused by the numbers.
This position is quite relevant to me, I have 01 Nissan Maxima with 180k miles on it These things always seem to run, and this time, I might as well run until it dies, since the value of resale is almost zero.

The plan is to save money now so we have 10 15k backfilled when we need a replacement car Try to avoid payments at any price.
There's a guy I work with is a really cheap guy not frugal, but cheap for me frugal good cheap bad he has a 95 Honda Accord, which starts to decompose on his cracked windshield and this cost him 800 because he has to get some rust around the fixed window first I struggled to invest 800 in a car that is likely only 50 I told him to get rid of the car and although next week's break lines have guess what I said after spending a little over a thousand dollars fixing the engine started making a bad sound and entirely on him, I not sure what it costs him to fix Oh, he also had new breaks put on it.
Now that s nothing wrong with the car Can you put a price on life What is your life worth It was one thing after another Can you trust a car like that, it makes really good money free 6 digits he lives with his brother, he was made the 6 digits for 8 years now ever lived on its own I do not think he ever paid the rent, I think it is 43 s What either way, I'm all for saving money My last car was held together rust, but I trusted the car as soon as I thought it was not safe I dropped all my life and my family lives are worth much more then the cost of a new car that's just my two cents there is a time and a place to save, but not when your life could be in danger.
I drove my first car, a Dodge Neon for 10 years, I am amazed at your maintenance costs were so low, mine on this little car was significantly higher Many things broke and I got tired of all the problems I then bought too many cars that I finally paid this year and I hope to drive this car another 10 years it will be great for when we have children, has all the security features and me is still smile Buy a car you will be happy for years is part of that equation.
We keep a nice Mercedes car and use it when we go on trips, we want to be comfortable, etc.

For everyday things, my wife drives a which is still five years old Toyota Corolla in excellent shape and probably has at least another 3 to 5 years on it.
Maintenance was less than 1,000 a year, but I did not expect that I will have probably put in more than that over the next few years, but it is still worth it.
SO, we have a car every day that my wife can lead she likes and we have a nice car to use for business and pleasure.
In addition, once a year or two my business requires me to a cross-country trip driving 10,000 miles or more, it is nice to do it in a very comfortable car.
Great after I drive a 92 Sunbird and as I get a lot of looks from my peers ask me why not buy a new car 26 years, to which I answer much the same as you did.

I also work with teenagers who thought it was a bit lame until they got to know the why behind Now, they think it's cool because it's retro.
I have money to buy a new car Read used, but new to me, but wait a few years to see what I can out of my Sunbird.
Overall, unless you rotate by cars better, unless you get an occassional lemon.
I'm with you that I have long paid 1994 Sentra is quite a sight to watch, but continues to operate without repair, I was paying 5k for this we there 7 years, two children and two doors and very little of this kind are a drawback, but how really cares that I have big dreams and things to focus my energy on.

We 3k-5k saved for a new used car whenever he should go.
Somehow I take comfort and pride in the fact that I drive a Junker It also helps curb materialism.
I learned two things about the car of a friend who was an investment advisor.
1 Most of its 1 million and more wealthy clients went to his office in the old cars Some were touts.
2 The only thing that depreciates faster than a car is the food.

That's why I drive a Honda CR-V in 1997 with over 127K miles I hear Chad sitting on my shoulder talking me down every time I visit.
I love this article, I'm 23, and driving a car nine years, eight 2000 model year, I don t feel old that I bought used in 2006, I plan to drive it until it falls apart I get disgusted when I see my friends who, like me, start their first real job out of college, and buy new cars because they deserve as the college graduate is getting over you -Same such an ordeal that the only way to reward yourself is to put yourself into debt, pay a car you can afford.
This plan has only one way out, I can think of security safety features have improved since 1995. How can we consider that the money saved when safety is involved.
I can not have the time at the time to write articles, but I can squeeze in a few minutes to leave a comment.
As I mentioned at the end of this post, although I really wanted a Mini Cooper, I'm not happy driving my focus in the ground I bought new 8 December 2000. It its a long way to go, I'm sure I hope.

My wife is doing the same with her car, she also has a Honda Civic 1996, with only 60,000 miles on it, she wants a new Prius But also, simply continue to drive the vehicle until that it working.
Now, I figure about 1000 per year for maintenance on the development of its This lot, but it is less than it would cost to buy a new car and the thing is, since I worked at home, my conduct has significantly decreased I drive about 500 miles per month.
Still, if I can get some sort of windfall, I could just by a Mini.
Our car was bought used in 2005, it is 2003 and we paid last year, we now save money for repairs and the day we may need a second vehicle .
When was the truck of my husband and stamping reached, we decided not to buy a second vechile immediately, which allowed us to save a ton of money is not always an easy arrangement bc we do not live close to public transportation routes, but it's been worth it.

The buying opportunity is also the way to go as well two years, especially cars right next to a short-term lease may be some of the best deals.
A car that depreciates as s make conversation, I guess about 30 in the first two years then just roll a new car off the lot as the first owner costs you about 15 of the selling price.
are generally still fully covered old cars to two-year warranty, unless the new bandwagon Tesla 2 years others might jump, and if you can find one with low KMs say about 16 000 KM or 10,000 miles a year, you can get a real winner of a car I won t talk much about our but do your research.
We saved around 10,000 buy our car and used nothing other than regular brakes maintenance oil regular checkups.

On the other hand, this little gem of a car that I was being replaced and another used car that was the opposite.
Bought at 13, he was a Camry cheap, it was a financial drain As I sank to my first 3000 in it, I had myself fooled into thinking that every problem was eventually the last I got rid of him for a huge loss in this case, an investment or less 250 in a mechanic looking at car on pre-purchase was the investment to make.
Yet I loves me the car, even if my wife and I primarily use our legs and transportation now.
I agree with the position without reservation except for an issue that is not directly mentioned it depends in part on where you live and to some extent, your family situation if my wife was still in its 30s and was carries two young son around, I would not feel comfortable with her in a car 13 years of driving I-80 in the middle of Nebraska in winter.
Other than that, of course, it makes sense to hang on older vehicles and get your money on them, but you may want to break when the propensity exceeds your risk tolerance of the car to consider a replacement late model.

Here s an advantage in the conduct currently impossible to quantify your old car.
The new car smell is actually the off gassing of volatile organic compounds VOCs They are bad for your health Some VOCs are considered to trigger cancer.
So driving a car that is made out gassing, you save your body too.
I drive a car 13 years old, so it's 96 model but it was made in November 1995, the way I see it, when you buy a car, you could get a good and you could get a lemon, but when you have 170,000 miles on a car, you know you have a good one.

I agree with the maintenance of a car after payments to a point.
If I'm driving a car 20 years, it is certainly not going to be a home econobox.
As a husband and father of four, security is sometimes more important than saving money, so I'm willing to pay a little more for maintenance on a bigger car with a higher level of security.
Yep That why I drive my 1995 Geo Metro is to me is paid, and it works fine that is all it needs to do, I'll drive until it falls apart.
After an exhaustive search online in May 2008 for a car that was cheap to buy, fuel, ensure, repair, and, well, cheap on medical bills ie course, I found my own 1994 Geo Metro on ebay .

I receive a ridiculous 50 MPG, primarily for groceries and gas, but also semi-annual trips to VA to see North Carolina family, about 250 miles one way just a 10-gallon tank of gas, and paid only for regular oil changes and TuneUps, a new battery, and 450 for the new gasket and master cylinder obviously also shopped for that price on parts and labor.
And yes, it is small, but a hatchback; with the rear seats down, I moved furniture important enough even sleep there two or three times.
ALWAYS, check CarFax and spring 100 for a certified pre-purchase inspection.
And the final bargain price to buy Gaia Greek goddess of Mother Earth because of the 50 MPG.
2500, well below invoice for a car in excellent condition.
I love Gaia as much as I ever allow myself to love all physical object; best car I have ever owned or could hope for.

My wife and I follow this philosophy now too.
We are still paying for my 2002 Subaru Forester we bought used in 2006 about 5,600 left on the loan, but we are about to change our debt snowball for this loan in order to repay this year .
My wife's car just died a 1997 Dodge Neon that we drive into the ground, but my grandparents decided to give us their 900S Saab Convertible in 1993 that had been stored for more than a year, he has 160k on, but is free and it works great need of a few things here and there, but for a car of 16, he is in amazing shape.
My goal after the Subaru is to never have a car payment again after that the monthly payment goes into debt snowball to pay off our student loans.

Our cars are 10 and 22 years, we can easily afford new, but t because those we are perfectly adequate car 22, ferry my wife and forth to the train station and the car 10 years did the rest in addition to savings, driving old cars is incredibly green car manufacturing uses large amounts of fossil fuels the cost of replacement parts was a small fraction of that.
Unfortunately the car 10 years becomes less reliable, and we think it's time to buy a new one, but I feel like a new car every 10 years is quite reasonable.
PS We'll probably keep 3 cars Put the new car in the garage for the family time and long trips, Give me the woman the old 10 years sedan for travel at the station, and I keep the car 22 years for everyday things around town that could allow us to get 12-15 on the new car.
I bought a brand new Honda last year after driving my 93 camry soil 225k miles I've paid off and plan to drive it into the ground too.
Oh, and if you are worried, I overpaid for a new car, I don t well below the invoice and for the first 6 months, I could have sold the car for a profit to the private sale.
I drove a 98 Prizm for 7 years and the college has recently obtained a well-paying engineering jobs All my friends buy new cars and laugh I'm still with the Prizm t least I could not care about since I 'm saving so I took it in stride and created the screename PrizmPimp as a joke.

Good choice on the Prizm, it is such a reliable car In addition to tires and oil, probably my repairs were on average 300 per year, except for one year when I passed 1,000.
Here in Brazil things are a bit more complicated than buying a new car for 10,000 dollars as and after 10 years, it is still worth 60 of that amount.
This happens because most people do not have money to buy new cars, so that those used are of great value.
I 1995 Chevrolet Vectra cd, which is worth about 6000 dollars.
well at least on used cars here is that most people do not have insurance on it and I do the annual tax on cars is like 4 of his less tax value too.

And my car has a 2-liter engine, air conditioning, all the whistles and bells, stuff that new cars and good DonT market even dream of having.
Ah yes, I forgot here we do not have the usual rental cars and pay each month for our whole life people who make more money, but most people buy used cars or cash or financed, then keep for several years, we put the car payments as a monthly expense.
I'm the same kind of plan Our cars are much younger than the Geo Prizm 2004 and 2005, but they are both paid and we intend to lead them to fall apart under us when the second car has been paid, we began to put the same amount we paid the car payment every month and ING in the fact that money is a day of down payment, but must also be used to all repair bills that have not regular maintenance like oil changes, etc., but for larger, unexpected things.
The only thing I am a little worried because the two cars are a similar age that we will replace the same time or so my hope that we will be able to pay cash for at least one of them or least a significant advance for both hopefully I won t have to worry about it for a while though.
There are about 2 years, I am my career first real-estate and landed a job where I was paid relatively well compared to what I had been before winning work was a good 45 miles, but well zero traffic After 2 months this work my 94 Mazda Protege has on me it would cost about 800 in PL to get up on his feet again, I was faced with a decision to patch up the bumpy, rust and ugly that I loved pROTECTED cheap or get a new car as well, I had missed a MINI Cooper for a long time, I decided to do it, and found an opportunity in 2006 that was used was only slightly as 4k miles on it and has been 'purchase.
Looking back, it was something very, very unwise for me to make a money point of view, I could afford the payments, but I was still.

10k of debt from student loans and DC bills and I had no emergency fund itself.
Fortunately for me, I got a better job later this year and I'm able to refund the entire vehicle a few months While I consider my personal finances resourceful higher than it was now Mucher at the time, I still do the thing again, even knowing that I would be able to pay so fast and I'll tell you why.
You are very lucky if only put in 2000 in repairs I had 1998 Saturn SW1 that last year alone, I put in 2000 in repairs This plan works according to the car If you have a car that is and it works will be reliable If your car is more expensive repairs, it does not work in 2000 I spent in repair is about 166 67 months excluding the cost of the time to go to the repair shop.
Do not forget, however, that the repairs you do for your old car is a sunk cost other hand, the monthly payments you make for the new car are now building equity, although new cars depreciate very quickly so that the equation is not as cut and dried as you might think.

Your plan is solid disk as long as you can, reduce costs to a minimum Basically squeeze the most value from your resources I totally agree with you, and I applaud your efforts.
But your accounting is fuzzy at best by sending your 250 month car payment after four years, you now save indefinitely 250 per month if you had financed 95 Prism for one year instead of four, so your monthly payments would have been near 1000; let s say 10 000 for the year and you would have paid off in 1996, to the right, so that's 13 years ago, that's see, wear if you had financed this for a year instead of four by your logic would now saved 130,000 instead of 27,000 you can take it anywhere, and that's the problem, it is absurd.
The only way to do is to do a basic accounting analysis from the capital investment, the initial cost of the car, its depreciation, and its current value or salvage Yes, you must consider the cost to bring the debt to pay for the car, but do not get too fancy.
If this is too complicated, then just do How much have you paid for the car How much is it worth now The difference is your amortization, which is a cost now add all your other fuel costs, insurance, maintenance Now you have your total costs You can divide a year cost of service per year or miles driven the cost per mile.

Compared to a more expensive car, or a car that you have to replace every two or three years and then absolutely, by all means, you save a ton of money, but not really based on how you wrote.
I'm not trying to be harsh, but the point of these sites is to make personal finance clear and understandable that Americans are not necessarily strong in math are bombarded with this kind of fuzzy accounting by traders working in the other direction All the time.
It is important to understand how to account correctly.
Personally, I agree with all your principles we have two cars of six who have better at least the same amount of life left in them.

Great position if is something you do not need to buy new ones and replaced regularly, it's your car We are seven years into the ownership of the car that we bought when we married we use public transport and planning so that we have one car that I know at some point we will have to get another one, and we're hoping to continue to drive our current car for another few years we like what we paid, and we like the insurance on it is cheap.
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Why I drive a car 13YearOld, reader, bought used in 2006, driving a plan that.

• Teaching a 13 YEAR ILLEGAL how to drive!