nittanycheme
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Joined: Aug 8, 2011 14:26:36 GMT -5
Posts: 487
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Post by nittanycheme on May 2, 2019 9:03:53 GMT -5
Yea my friend had a 2013 he just replaced with a 2019 (or maybe 2018). I drove down to Miami with him in the thing so know it's a comfy ride. I've had the itch for a new car for a few years, I've just so far been too cheap and would rather vacation a lot. Does your insurance not cover windshield repair for free? I know is mandated in Florida - they've filled 3 chips and I just got a fourth last week I need repaired. Yay road construction. No, I have a $500 deductible for the windshield which means it isn't even worth filing a claim. I haven't taken in for a "real" quote yet but when I described it over the phone, along with make/model of the car they said around $300 - $400. Did you actually read your policy? A lot of insurance's will replace the windshield (and the other windows) for free. Someone broke the back side window in my DH's car overnight in December (did a really good job too - pulled pretty much all the glass out of it). His insurance had someone out there the next day to replace it and he didn't owe anything. And you shouldn't really need to take it anywhere - there are quite a few companies around here that just send someone to your car and they can change it in less than an hour. It took about an hour for DH's because they need to take the door panel off to replace it. The guy said windshields usually take about 1/2 hour. We are in PA. As for car $, I really like my subarus, and I keep them for a while. I tend to buy new and keep them for 7 years or so. I might keep this one longer than that, we'll see. I put a lot of miles on my cars (usually about 30,000 yr) so that tends to figure into when I get a new one.
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giramomma
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Post by giramomma on May 2, 2019 9:44:37 GMT -5
Why are you stuck with a car you buy for 10-12 years? At least if you buy you can sell it after 3 years and get money, not just turn it in for nothing. The greatest depreciation happens in the first few years. How much are you getting for the car versus what you paid for it? I sold one car once after only 3 summers and I took a major beating on it. I would have been much better off leasing my "mid-life crisis mobile" and turning it in. I think it depends on the kind of car. We bought a Certified 1 Year old minivan from Toyota. The only reason we saved 6K from buying brand new is because we also traded in our 12 year old subaru. Otherwise the cost difference between brand new and certified one year old with 25K miles on it was negligible. Even my current almost 12 year old subaru is worth 10K. We probably spent 25K on it when we bought it brand new? Clearly, though, mini vans and outbacks are not midlife crisis cars.
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cktc
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Post by cktc on May 2, 2019 10:54:13 GMT -5
The greatest depreciation happens in the first few years. How much are you getting for the car versus what you paid for it? I sold one car once after only 3 summers and I took a major beating on it. I would have been much better off leasing my "mid-life crisis mobile" and turning it in. I think it depends on the kind of car. We bought a Certified 1 Year old minivan from Toyota. The only reason we saved 6K from buying brand new is because we also traded in our 12 year old subaru. Otherwise the cost difference between brand new and certified one year old with 25K miles on it was negligible. Even my current almost 12 year old subaru is worth 10K. We probably spent 25K on it when we bought it brand new? Clearly, though, mini vans and outbacks are not midlife crisis cars.
10 or so years ago a car salesman told me about a repeat client he had who would trade in his top of the line Honda Civic every year. It was fully paid for and always had great resale so the cost to have a new one each year was negligible. I'm still intrigued but skeptical by the idea.
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Miss Tequila
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Post by Miss Tequila on May 2, 2019 10:55:10 GMT -5
The greatest depreciation happens in the first few years. How much are you getting for the car versus what you paid for it? I sold one car once after only 3 summers and I took a major beating on it. I would have been much better off leasing my "mid-life crisis mobile" and turning it in. I don't know. I have a hard time believing the car dealerships aren't collecting all that depreciation in the lease payments. They definitely take depreciation into account. But it isn’t like people usually make money on the trade in. And it is a pain in the ass to sell outside of a trade in. Perhaps I’m just willing to take the less cost-effective way to avoid the hassle.
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tskeeter
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Post by tskeeter on May 2, 2019 14:16:24 GMT -5
Tskeeter’s fantasy cars. (You can’t have just one)
1963 Studebaker Avanti R2, w/ Paxton supercharger MG TC Willys jeep MB Rolls Royce Wraith Jaguar XKE series I convertible (nothing else this sexy has ever come out of GB) AC Cobra Porsche 911 Gullwing Mercedes Triumph TR6 1971 Oldsmobile Cutlass 442 Jensen Interceptor III w/ Chrysler 440 Land Rover series I Morgan Plus 4 1970’s Chevy C/K pickup 1966 Ford Mustang GT350 w/ H code (Hertz rent a racer)
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Deleted
Joined: Apr 26, 2024 21:00:22 GMT -5
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Post by Deleted on May 2, 2019 14:26:48 GMT -5
I don't know. I have a hard time believing the car dealerships aren't collecting all that depreciation in the lease payments. They definitely take depreciation into account. But it isn’t like people usually make money on the trade in. And it is a pain in the ass to sell outside of a trade in. Perhaps I’m just willing to take the less cost-effective way to avoid the hassle. Well yeah, if you're going to buy new and sell for trade-in value every 3 years, then you might as well lease. It's an expensive way to have a car, but the cheaper of the two options.
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tskeeter
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Post by tskeeter on May 2, 2019 14:39:33 GMT -5
I don't know. I have a hard time believing the car dealerships aren't collecting all that depreciation in the lease payments. They definitely take depreciation into account. But it isn’t like people usually make money on the trade in. And it is a pain in the ass to sell outside of a trade in. Perhaps I’m just willing to take the less cost-effective way to avoid the hassle. Sometimes selling cars yourself isn’t too bad. The dealer offered $100 for the Dodge minivan. Seeing that we had a new car, a neighbor asked what I was going to do with the Dodge. Sold it to him for $1K. When I sold the Jeep, I put an ad on Craig’s list on New Years Eve. I had a phone call in about 45 minutes. New Years Day, the guy drove in from 50 miles away. With a rather significant stack of $100 bills. After about 45 minutes of test drive and crawling over and under the car, the guy left without the $100 bills. I got more than 40% of my original purchase price for an 11 year old car with 140K miles. And more than $2,500 more than the dealer’s best trade-in offer. I’ll take $2,500 for less than two hours work most any day.
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Deleted
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Post by Deleted on May 2, 2019 14:43:45 GMT -5
I've only sold two cars, and both were on Craigslist and went without a hitch. The one was a near end of life car (I thought) that I sold to some kid for a few hundred. She took it all the way to Canada after that...TWICE.
The second one was my beloved 3/4 ton diesel F250. It took me a month to sell that one because I was firm on my price, but I sold it for half what I paid ($15000), when it was 10 years old with over 100K miles.
Everything else I have driven until it was worth so little that I just gave them to people or scrapped out.
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Miss Tequila
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Post by Miss Tequila on May 2, 2019 15:28:49 GMT -5
They definitely take depreciation into account. But it isn’t like people usually make money on the trade in. And it is a pain in the ass to sell outside of a trade in. Perhaps I’m just willing to take the less cost-effective way to avoid the hassle. Well yeah, if you're going to buy new and sell for trade-in value every 3 years, then you might as well lease. It's an expensive way to have a car, but the cheaper of the two options. Which is why I said I’m considering leasing. I’ve always been a “buy and ride it till the wheels fall off” person. I think I’m getting to the point where I don’t want to do this anymore. And I’m tired of commitment. If I lease a car I know I’m in it for a limited time! And maybe I’m finally getting tired of living like I’m poor when I’m not actually poor! I’m not trying to justify this as a cost-effective way to buy a car. My only experience with not keeping a car long-term had me taking a major bath on it In the end I will probably keep the car that I hate because, while I talk big, in the end I’m cheap
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bobosensei
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Post by bobosensei on May 6, 2019 6:24:23 GMT -5
In the end I will probably keep the car that I hate because, while I talk big, in the end I’m cheap This feels like me I've been looking at getting a new car for like 7 years. I make 82k a year with no debt but house. No reason I need to keep driving a 15 year old beater. I had planned to move up to an accord, but also noticed the new used difference is barely there. Then I saw if I got a volvo a couple years old that I would have a much nicer car for the same price as a used honda. And to get the honda with near as many features they have to be top of the line (and that is still leatherette seats). I'm waiting until this summer to buy, but should know for sure in a couple weeks if everything is a go. Then I'll just wait for one I want to become available at a price I like. Looking for 2016 or newer, but was really hoping for a 2018 or 2019. Willing to spend 18-25k depending on year, miles, and features. This really isn't that much money, and I don't know why it is so hard. Maybe because I haven't had a car payment in more than a decade. It is hard to think about what all I will give up if I am paying a car payment. This is why I have talked myself out of it the last few years. Buying a house, now I need to furnish the house etc. etc. I can always find another reason to not spend the money.
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cktc
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Post by cktc on May 6, 2019 9:31:07 GMT -5
In the end I will probably keep the car that I hate because, while I talk big, in the end I’m cheap This feels like me I've been looking at getting a new car for like 7 years. I make 82k a year with no debt but house. No reason I need to keep driving a 15 year old beater. I had planned to move up to an accord, but also noticed the new used difference is barely there. Then I saw if I got a volvo a couple years old that I would have a much nicer car for the same price as a used honda. And to get the honda with near as many features they have to be top of the line (and that is still leatherette seats). I'm waiting until this summer to buy, but should know for sure in a couple weeks if everything is a go. Then I'll just wait for one I want to become available at a price I like. Looking for 2016 or newer, but was really hoping for a 2018 or 2019. Willing to spend 18-25k depending on year, miles, and features. This really isn't that much money, and I don't know why it is so hard. Maybe because I haven't had a car payment in more than a decade. It is hard to think about what all I will give up if I am paying a car payment. This is why I have talked myself out of it the last few years. Buying a house, now I need to furnish the house etc. etc. I can always find another reason to not spend the money.We've been in our house 2 years and still haven't bought any furniture or decorations for it. We've bought one rug. I told my husband we don't know how to shake living like poor people and he asked what I meant. Most of our furniture was acquired from family or purchased when I was in college. Pretty much every room in the house needs a $500-$1000 face lift but we just can't bring ourselves to spend it. Maybe I need to bring this up in conjunction with the new car budget. Less on the car, more on the house.
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❤ mollymouser ❤
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Sarcasm is my Superpower
Crazy Cat Lady
Joined: Dec 18, 2010 16:09:58 GMT -5
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Today's Mood: Gen X ... so I'm sarcastic and annoyed
Location: Central California
Favorite Drink: Diet Mountain Dew
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Post by ❤ mollymouser ❤ on May 7, 2019 17:02:20 GMT -5
We bought our Lincoln Navigator used (21,000 miles) for $32,000. We wanted to stay around $30,000 for a large SUV and had been looking at Tahoes and Expeditions ... but the Navigator was super nice and had air conditioned seats and super low miles. We get free car washes from the Mercedes dealership, too. We had the money saved and paid cash.
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brucethembsguy
New Member
I was very active here in the old Microsoft Groups time circa 1999.
Joined: Jan 9, 2016 20:05:26 GMT -5
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Post by brucethembsguy on May 7, 2019 19:00:24 GMT -5
We have several vehicles including my 1957 Triumph TR3 I got in '61 when I was 18. But today almost all of our driving is either in a 2016 Volt Premier which gets us 139 miles per gallon because 85% of the time it doesn't need to use any or more than a few cups of gas. ( electric charging is $1.35 for 52 miles ) We found it with 900 dealer miles and still with 2 tax credits for only 28,000. Net cost $ 19k. The other is a 2017 rental used Ford Fusion Hybrid getting 42 MPG and only regenerated electric. Surprising though, it got 41 on a 1300 mile interstate trip without the start/stop braking regen. Both these are going away and are under-rated.
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bobosensei
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Joined: Dec 21, 2010 11:32:49 GMT -5
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Post by bobosensei on May 7, 2019 19:57:42 GMT -5
This feels like me I've been looking at getting a new car for like 7 years. I make 82k a year with no debt but house. No reason I need to keep driving a 15 year old beater. I had planned to move up to an accord, but also noticed the new used difference is barely there. Then I saw if I got a volvo a couple years old that I would have a much nicer car for the same price as a used honda. And to get the honda with near as many features they have to be top of the line (and that is still leatherette seats). I'm waiting until this summer to buy, but should know for sure in a couple weeks if everything is a go. Then I'll just wait for one I want to become available at a price I like. Looking for 2016 or newer, but was really hoping for a 2018 or 2019. Willing to spend 18-25k depending on year, miles, and features. This really isn't that much money, and I don't know why it is so hard. Maybe because I haven't had a car payment in more than a decade. It is hard to think about what all I will give up if I am paying a car payment. This is why I have talked myself out of it the last few years. Buying a house, now I need to furnish the house etc. etc. I can always find another reason to not spend the money.We've been in our house 2 years and still haven't bought any furniture or decorations for it. We've bought one rug. I told my husband we don't know how to shake living like poor people and he asked what I meant. Most of our furniture was acquired from family or purchased when I was in college. Pretty much every room in the house needs a $500-$1000 face lift but we just can't bring ourselves to spend it. Maybe I need to bring this up in conjunction with the new car budget. Less on the car, more on the house. Yeah I'm amazed at what I've done for just a few hundred a month for the house. Updated all the door knobs, vent registers on the floor, added battery operated shades to windows 20 feet up, replaced all the cheapie blinds where I didn't have faux wood or plantation shutters already, updated door stops, and working on the light fixtures and got almost all done except where I know I want to add a fan, updating/adding fans, replacing faucets in bathrooms, adding tile to bathroom floors, and slowly redoing landscaping. It's been a huge time suck and I've had the DIY help of a boyfriend. Definitely want to keep doing a lot of stuff, but some is as simple as are we going out to eat at a steak house or are we buying a 100 fan. I give myself 400 a month on house stuff and need to add some decoration and furniture to it too. I'll have to cut that if I get a car. I just have to remind myself, most adults didn't furnish a beautiful home in one year. You start with what you have and work up from there. But I want to keep a constant stream of money going into small updates or building for bigger things. My mom let her house run into the ground so I have a fear that if I don't do anything I won't be able to sell my house later on. It's irrational I know.
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countrygirl2
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Post by countrygirl2 on May 7, 2019 23:24:20 GMT -5
They do need to be kept up. I see around here so many places on the market, they have not updated them since built or moved into. The houses are stuck in time, many in the 70's. I don't want mine to end up like that either. Right now what I need to do is new flooring and going to start soon. I just spent some of my money for it on the new AC. It was take money out of the bank or use some of what I had so did, sigh.
I need to do landscape work and I just don't know what to do in all honesty. Right now weeding would help as the rain is making the weeds grow like crazy.
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OldCoyote
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Post by OldCoyote on May 8, 2019 7:51:46 GMT -5
I paid more for my truck than I paid for my house!
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iono1
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Post by iono1 on May 8, 2019 16:19:11 GMT -5
I keep my cars a long time, so I'm not that concerned with depreciation. With the exception of my 1st car that I bought used and got rid of in 6 months, all my cars since then have been new. I've had only 7 cars in 48 years, 2 of which I kept for only a short time. The cars I've bought over the years, in reverse order:
1) (Current car) 2011 Mercedes C 300. Paid $43,118 with a trade in of $3,000 on my prior car. The car is 8.5 years old & hasn't reached 40,000 miles yet. I didn't buy it until after I retired & I have no plans to replace it unless it gets damaged. It was only the 2nd new car I paid for without a loan.
2) 2000 Audi A4. Paid $31,622. Kept it a little over 10 years and drove it about 114,000 miles. Bought it with a 5 year loan. I was very disappointed that it only lasted 10 years/114,000 miles. The last year I spent $5,200 in repairs & I estimated it would need a few more thousand in the near future. At the time I traded it in, the car had the following defects: AC broken-leaking compressor, Small oil leak, Cam adjuster needed near future replacement, the molding was loose on 3 of 4 doors (the 4th got so bad I repaired it prior to trade in at a cost of $132), numerous scratches in the paint and the windshield glass.
3) 1988 VW Golf. Paid $9,681, took out a 4 year loan, including rolling another $1,500 into the loan for my trade in deficit. Kept it 13 years, including an overlap 6 months where I drove this car and the Audi. Drove it 172,000 miles. I literally drove it into the ground & ended up donating it for parts. In those last 6 months I decided not to spend any money on the car and all I bought during that time was some wire dryer spray for less than $3. 4) 1986 Mazda 323 Paid $8,683, took out a 4 year loan but I hated the car so much I traded it in after 22 months. I did a lot of driving in those 22 months, driving it 42,800 miles. This is the only car that I got burned on depreciation. I ended up owing about $1,500 more than the trade in value. Besides the fact I didn't like it, at one point after I owned it for a year it was stolen, found & returned to me. I don't know how wildly they drove it but a few months later the clutch burned out and I was unsure if there was any later damage that could occur over time.
5) 1979 VW Rabbit. Paid $5,730, took out a 4 year loan paid it off in a little less than 3 years. I kept it 7 years 10 months and drove it 129,200 miles & sold it for $500 to someone in my apartment complex.
6) 1971 VW Beetle. Paid $2,190 in cash drove it into the ground in 7 years with 94,225 miles (cars didn't last and this one was pretty much rusted out with no passenger seat due to rust) I got $200 on a trade in because I was living about 125 miles from my parents & wanted to keep it & leave the car at their house and my father told me no way & told the dealer that unless he took it and gave me something in a trade-in, he wasn't signing the loan on the 1979 Rabbit that I needed a co-signer on since I had no credit.
7)1967 Plymouth Fury II. Bought used for $1,050 in February 1971. The car was a disaster with numerous problems. I drove it about 4,500 miles in 6 months and ended up selling it for $800. I never bought another used car after this one. All my other 6 cars I bought new.
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zibazinski
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Post by zibazinski on May 8, 2019 18:53:21 GMT -5
I’ve put aside 30k. I looked at a Nissan Rogue Sport and a Honda HRV. Both were pretty close to that amount
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tallguy
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Post by tallguy on May 8, 2019 19:57:52 GMT -5
They definitely take depreciation into account. But it isn’t like people usually make money on the trade in. And it is a pain in the ass to sell outside of a trade in. Perhaps I’m just willing to take the less cost-effective way to avoid the hassle. Sometimes selling cars yourself isn’t too bad. The dealer offered $100 for the Dodge minivan. Seeing that we had a new car, a neighbor asked what I was going to do with the Dodge. Sold it to him for $1K. When I sold the Jeep, I put an ad on Craig’s list on New Years Eve. I had a phone call in about 45 minutes. New Years Day, the guy drove in from 50 miles away. With a rather significant stack of $100 bills. After about 45 minutes of test drive and crawling over and under the car, the guy left without the $100 bills. I got more than 40% of my original purchase price for an 11 year old car with 140K miles. And more than $2,500 more than the dealer’s best trade-in offer. I’ll take $2,500 for less than two hours work most any day. Just curious? What days would you NOT take $2500 for less than two hours work?
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msventoux
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Post by msventoux on May 8, 2019 20:05:15 GMT -5
I’ve owned 3 cars. Two were used and under $20K. Both were in excellent shape with low miles when I got them. One I ran into the ground and gave away. The second I still have. I bought a new car a couple years ago for under $25K. I still have it and don’t currently have a car payment.
I’m thinking of trading in the used one and getting a $60K+ truck. Haven’t fully convinced myself of it yet. Since I can’t find a house I like at a price I want I may as well use part of the intended house down payment on the truck. If everything goes to hell I can live in one of my vehicles.
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tskeeter
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Post by tskeeter on May 8, 2019 22:26:23 GMT -5
Sometimes selling cars yourself isn’t too bad. The dealer offered $100 for the Dodge minivan. Seeing that we had a new car, a neighbor asked what I was going to do with the Dodge. Sold it to him for $1K. When I sold the Jeep, I put an ad on Craig’s list on New Years Eve. I had a phone call in about 45 minutes. New Years Day, the guy drove in from 50 miles away. With a rather significant stack of $100 bills. After about 45 minutes of test drive and crawling over and under the car, the guy left without the $100 bills. I got more than 40% of my original purchase price for an 11 year old car with 140K miles. And more than $2,500 more than the dealer’s best trade-in offer. I’ll take $2,500 for less than two hours work most any day. Just curious? What days would you NOT take $2500 for less than two hours work? That would be the day when I can get $5,000 for less than two hours work.
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tallguy
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Post by tallguy on May 9, 2019 1:36:33 GMT -5
Do both. It's still less than four hours.
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Knee Deep in Water Chloe
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Post by Knee Deep in Water Chloe on May 9, 2019 21:17:43 GMT -5
Depends on what we’re using it for. Spent $55k on an F-250. “Need” it for towing.
Our other car is a Honda CRV. $32K. I’d purchased a Honda Accord for $24K in 2015, and last August traded it in/splurged for the CRV. I wanted to be up higher and have heated seats. In theory, I could have spent another $55K on a BMW SUV, but that was too excessive for me even though we spent that much on the F-250.
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MN-Investor
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Post by MN-Investor on May 10, 2019 0:28:21 GMT -5
The car I'm currently driving is the car we bought for my husband in 2017 right before he retired - a Hyundai Santa Fe Sport. It has all the bells and whistles and cost $36,765. With the service and maintenance contracts plus taxes and licenses it altogether came to $43,372. Years ago my DH participated in his company's stock purchase program. He held on to the stock and had the dividends automatically reinvested. He sold that stock in 2016 for $41,582 (his basis was $14,850), so we used that money to buy the car in 2017. I had a 2012 Hyundai Santa Fe which I really liked, but when my sweetie passed away in 2018, it was a no brainer to keep his car which had a lot more safety features. Plus it only had 4,300 miles on it at that point while my car had 72,000. Before these two Hyundai Santa Fe's, we had more modest cars. My previous car was a 1996 Toyota RAV 4 and my sweetie's was a 2004 Pontiac Vibe. By the time we bought these Hyundai's, we were at a point in our lives where we could easily afford them and we both wanted cars we would enjoy driving.
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tskeeter
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Post by tskeeter on May 10, 2019 13:06:10 GMT -5
Do both. It's still less than four hours. Gee, if I worked that hard, I’d make about $3.9 million a year for a part time job. That’s way more than I need. And, in these days of vilifying high income people as greedy bastards who should be taxed into middle class, who needs the aggravation.
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