Home and Auto AAA: The average cost of your car per year: $9100 - Page 3

**007** · 04-18-2013, 04:19 PM

Drives me nuts that whenever we are in the market all the 2 year old cars have friggin 50k miles on them. always makes me consider just buyinng brand new so I can put my own miles on it and not be in a massive hole with somebody elses mileage. n We always drive our cars until they drop anyway.

**mlyonsd** · 04-18-2013, 04:31 PM

Quote:

Originally Posted by Guru

Drives me nuts that whenever we are in the market all the 2 year old cars have friggin 50k miles on them. always makes me consider just buyinng brand new so I can put my own miles on it and not be in a massive hole with somebody elses mileage. n We always drive our cars until they drop anyway.

That's the way I go. Buy a new car about every 10-12 years.

Frosty · 04-18-2013, 06:17 PM

Quote:

Originally Posted by mlyonsd

That's the way I go. Buy a new car about every 10-12 years.

There are some advantages to buying new. You can get the exact car you want with the options you want instead of just settling for what you can find, you get a full warranty, you can drive it a long time before needing repairs or risking breakdowns, and you get the piece of mind that your car hasn't been thoroughly abused or neglected before you got it. If you keep it for a long time, the extra cost isn't prohibitive.

I really lucked out with my current car, though. It was two years old with only 14,500 miles. The main thing I was looking for was that it had a manual and this one did (very rare). It was $16K (down from the new price of $23K). If I had picked up a new one, I would have chosen a different color and probably the next trim level up but I am pretty happy with what I got.

**Mr. Kotter** · 04-18-2013, 08:53 PM

Quote:

Originally Posted by mlyonsd

That's the way I go. Buy a new car about every 10-12 years.

Yep. Three cars in the household now, each 10-13 years old. Drive 'em till the wheels fall off, with our own mileage...147K/126K/98 K.

Haven't had a car payment for over six years.

**Bugeater** · 04-18-2013, 04:37 PM

Quote:

Originally Posted by Guru

Drives me nuts that whenever we are in the market all the 2 year old cars have friggin 50k miles on them. always makes me consider just buyinng brand new so I can put my own miles on it and not be in a massive hole with somebody elses mileage. n We always drive our cars until they drop anyway.

Yeah I don't think those cars are worth it either. All the new is used up, and they still command a high price. 5-10 years old is where the most value is IMO.

**007** · 04-19-2013, 01:24 AM

Quote:

Originally Posted by Bugeater

Yeah I don't think those cars are worth it either. All the new is used up, and they still command a high price. 5-10 years old is where the most value is IMO.

Yeah, but then you are looking at 80-100k miles on the car.

**Bugeater** · 04-19-2013, 06:09 AM

Quote:

Originally Posted by Guru

Yeah, but then you are looking at 80-100k miles on the car.

So? The Camry had 82k on it when we bought it, the truck 107k and my van 158k, and they have all proved to be good values.

**007** · 04-19-2013, 06:12 AM

Quote:

Originally Posted by Bugeater

So? The Camry had 82k on it when we bought it, the truck 107k and my van 158k, and they have all proved to be good values.

Thats too much for me to settle for. When I buy I want to see no more than 30k on the damn thing.

**lewdog** · 04-18-2013, 06:56 PM

I will probably look at buying new for my next car, simply because so many of the used cars in the 2-3 year old range have 40-50k on them already. Not to mention how ****ing piss poor most people treat/take care of their cars. My current car is 12 years old and running fine, so I am years away. But I don't plan on buying new cars every few years like so many. If I buy new, I will drive it for years and years.

houstonwhodat · 04-18-2013, 07:26 PM

I don't care I still love my Lexus.

Prison Bitch · 04-18-2013, 08:57 PM

My car has 183,000 miles. $20 a month for insurance and only commute 3 miles to work. Plus I don't care if someone door dings it

R8RFAN · 04-19-2013, 01:50 AM

Saying No To New Cars
Got a million bucks? If not, don’t buy a new car!
http://www.daveramsey.com/article/sa...ey_automobiles

Thinking about buying a new car?

Try this instead: Take your current car out for a drive, open the window, and repeatedly throw $100 bills out the window. Now that sounds dumb, doesn’t it? But when you buy a new car, you’re doing the same thing the moment you take it off the lot.

If you’re a millionaire, then feel free to go nuts and buy yourself a shiny, new car. But 98% of Americans simply can’t afford it. You’ll save a ton of money and heartache if you will just buy used!

So why are we making such a big deal about new cars? One word: depreciation. New cars lose 70% of their value in the first four years. When you buy used, the original owner has already eaten the cost of depreciation. You, on the other hand, get a great four-year-old car for a great deal—one well below the expensive wholesale prices of new cars.

Let’s dig just a little deeper. Say that you are thinking about financing a new car with payments of $400 a month, just a little below the average car payment. Your current car is worth around $1,500. If you take that $400 and pay yourself, instead of the dealer, you’ll have a $4,000 paid-for-with-cash car in just 10 short months.

Sell your old car and you’ll have $1,500 to bank as you continue saving $400 a month. Ten months later, you have $5,500 for a used car. Repeat this process again, and you’ll have a $10,000 car just 30 months after you started saving. How much more sense does that make than buying a new car and watching its value drop like a rock?

Used car lots are overflowing. Millions of cars come from expired leases. For-sale-by-owner magazines are easy to find. Usually, the best deals come from individuals who are eager to get rid of their cars. They have one car to sell, not hundreds of cars like a dealer, so they will be more desperate to get the car out of their yard. Also, call some of the banks in your area and ask them how they dispose of their repossessions. Repo auctions are a great way to find good deals.

Before you buy a used car, make sure you come prepared. Know the value of the car you are considering. Visit websites like KBB, Edmunds and Carmax and do your research, especially if you are working with a dealer.

Remember, unless you’re a millionaire, you can’t afford a new car because you can’t take the hit in depreciation! The new car smell just isn’t worth it.

**cdcox** · 04-20-2013, 10:08 PM

Quote:

Originally Posted by R8ers

New cars lose 70% of their value in the first four years.

Where can I buy a 4 year old car in good condition for 30% of it's original sticker? Or maybe Dave Ramsey is full of shit.

**Bugeater** · 04-20-2013, 10:16 PM

Quote:

Originally Posted by cdcox

Where can I buy a 4 year old car in good condition for 30% of it's original sticker? Or maybe Dave Ramsey is full of shit.

You probably can, but it would have to be some piece of crap like a Kia that doesn't hold any resale value.

**lewdog** · 04-20-2013, 10:24 PM

Quote:

Originally Posted by cdcox

Where can I buy a 4 year old car in good condition for 30% of it's original sticker? Or maybe Dave Ramsey is full of shit.

It is definitely the bold part.

04-18-2013, 04:19 PM	#1
007 Shaken. Not stirred. Join Date: Sep 2002 Location: London Casino cash: $14030126 VARSITY	Drives me nuts that whenever we are in the market all the 2 year old cars have friggin 50k miles on them. always makes me consider just buyinng brand new so I can put my own miles on it and not be in a massive hole with somebody elses mileage. n We always drive our cars until they drop anyway. __________________ My dear girl, there are some things that just aren’t done. Such as, drinking Dom Perignon ’53 above the temperature of 38 degrees Fahrenheit. That’s just as bad as listening to the Beatles without earmuffs.
Posts: 65,555

04-18-2013, 06:56 PM	#9
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $1771900	I will probably look at buying new for my next car, simply because so many of the used cars in the 2-3 year old range have 40-50k on them already. Not to mention how ****ing piss poor most people treat/take care of their cars. My current car is 12 years old and running fine, so I am years away. But I don't plan on buying new cars every few years like so many. If I buy new, I will drive it for years and years.
Posts: 45,617

04-18-2013, 07:26 PM	#10
houstonwhodat Banned Join Date: Nov 2012 Location: Parallel Universe Casino cash: $10004900	I don't care I still love my Lexus.
Posts: 2,637

04-18-2013, 08:57 PM	#11
Prison Bitch Rabbi Goldmann Join Date: Nov 2012 Casino cash: $5450159	My car has 183,000 miles. $20 a month for insurance and only commute 3 miles to work. Plus I don't care if someone door dings it
Posts: 87,025

04-19-2013, 01:50 AM	#12
R8RFAN Molôn Labé Join Date: Sep 2001 Location: North Carolina Casino cash: $8566872	Saying No To New Cars Got a million bucks? If not, don’t buy a new car! http://www.daveramsey.com/article/sa...ey_automobiles Thinking about buying a new car? Try this instead: Take your current car out for a drive, open the window, and repeatedly throw $100 bills out the window. Now that sounds dumb, doesn’t it? But when you buy a new car, you’re doing the same thing the moment you take it off the lot. If you’re a millionaire, then feel free to go nuts and buy yourself a shiny, new car. But 98% of Americans simply can’t afford it. You’ll save a ton of money and heartache if you will just buy used! So why are we making such a big deal about new cars? One word: depreciation. New cars lose 70% of their value in the first four years. When you buy used, the original owner has already eaten the cost of depreciation. You, on the other hand, get a great four-year-old car for a great deal—one well below the expensive wholesale prices of new cars. Let’s dig just a little deeper. Say that you are thinking about financing a new car with payments of $400 a month, just a little below the average car payment. Your current car is worth around $1,500. If you take that $400 and pay yourself, instead of the dealer, you’ll have a $4,000 paid-for-with-cash car in just 10 short months. Sell your old car and you’ll have $1,500 to bank as you continue saving $400 a month. Ten months later, you have $5,500 for a used car. Repeat this process again, and you’ll have a $10,000 car just 30 months after you started saving. How much more sense does that make than buying a new car and watching its value drop like a rock? Used car lots are overflowing. Millions of cars come from expired leases. For-sale-by-owner magazines are easy to find. Usually, the best deals come from individuals who are eager to get rid of their cars. They have one car to sell, not hundreds of cars like a dealer, so they will be more desperate to get the car out of their yard. Also, call some of the banks in your area and ask them how they dispose of their repossessions. Repo auctions are a great way to find good deals. Before you buy a used car, make sure you come prepared. Know the value of the car you are considering. Visit websites like KBB, Edmunds and Carmax and do your research, especially if you are working with a dealer. Remember, unless you’re a millionaire, you can’t afford a new car because you can’t take the hit in depreciation! The new car smell just isn’t worth it.
Posts: 23,164