OILFIELDTRASH
Lifer
The gas mileage does sound awesome. I feel good when I hit 17. 🙂
Car does look great.
Car does look great.
I'm glad I could be of service. 🙂
I'm sure you'll return the favor when it comes my time for a new vehicle purchase.
Okay, I filled up my tank this afternoon despite having over 1/2 a tank remaining just to see what my fuel economy is so far. I put 7.913 gallons of gas in the tank and had driven 329 miles which equates to 41.577 miles per gallon.
I couldn't possibly be more pleased. 😀
+1 for happy wallet
lol. Looks like a nice car. A good financial move it was not. He might break even with the "savings" at the half a million mile mark.
Price difference between a hybrid Camry and a normal gas Camry is about $4,500.
If he's driving 329 miles/week it's costing him about $2,700 a year in gas for the Maxima vs $1,700 a year for the new Camry. Break even is about 5 years from now.
With his current track record he'll be keeping the car for 12 years. By my math he's going to do alright.
What's the price difference including interest vs his paid off car he gave away?
How many miles does he have to drive according to your math?
It was time to replace the Maxima. I've had that car for 10 years, which is longer than I've owned any vehicle in my entire life by far. It was just getting into the area where it was going to need some pretty major repairs so I either keep it and keep throwing money at it or replace it with something new, with a warranty.
I drive 340 miles a week just in commuting. I figure I put close to 20,000 miles a year on a car.
Interest rate is 2.25%
By the way, the Camry came with 2 years of free maintenance too.
Your money. Enjoy. I want off the slavery/debt treadmill. The new shiny don't mean squat to me.
Meh, I was looking at what the Maxima would have cost me in needed repairs and the money saved in gas and the Camry actually ends up costing me less per month over the next 6 months than keeping the Maxima. That was just for known issues.
You probably paid more in ttl on the new Camry than you would have spent getting the Nissan repaired.
As far as interest goes it's already built into the price as everyone expects 0% financing now. If they got 2.2% out of you then that's just icing on the cake. They are smart hence why they are the rich guys. They got you.
I think everyone understands that you believe in junkers, clearly this thread wasn't for you in that case. Why not drop it?
You probably paid more in ttl on the new Camry than you would have spent getting the Nissan repaired.
As far as interest goes it's already built into the price as everyone expects 0% financing now. If they got 2.2% out of you then that's just icing on the cake. They are smart hence why they are the rich guys. They got you.
You're the guy that took a $5K bath on a $32K truck not even 2 months ago. I think we can safely ignore your advice.
You probably paid more in ttl on the new Camry than you would have spent getting the Nissan repaired.
As far as interest goes it's already built into the price as everyone expects 0% financing now. If they got 2.2% out of you then that's just icing on the cake. They are smart hence why they are the rich guys. They got you.
Yes I took a 5k bath for almost 2 years of driving a fully loaded f150 lariat with every option Ford offers except navigation. That's $263 a month for a vehicle that stickered at over 40k. So if that's a bath please sign me up again
$263/month? What was your loan term? 10 years?
Paid 32k sold it for 27k after about 19 months of use. I figure cost was around 263 over those 19 months.
What's the price difference including interest vs his paid off car he gave away?
How many miles does he have to drive according to your math?
Assuming he financed around 26k, he'll pay around $1,500 in interest at 2.25%. So add a year and a half for payback on the interest.
Factor in what he'd pay in repairs, inconvenience and time off from work getting the Maxima fixed, assuming a complete engine rebuild in another couple of years and throwing money into a car with 0 resale eventually, I think the new car still makes sense.
2002 is calling and it wants its anti-hybrid arguments back.lol. Looks like a nice car. A good financial move it was not. He might break even with the "savings" at the half a million mile mark.
It does to others. Go enjoy your old car that has no modern safety features and be happy with it.Your money. Enjoy. I want off the slavery/debt treadmill. The new shiny don't mean squat to me.
Assuming he financed around 26k, he'll pay around $1,500 in interest at 2.25%. So add a year and a half for payback on the interest.
Factor in what he'd pay in repairs, inconvenience and time off from work getting the Maxima fixed, assuming a complete engine rebuild in another couple of years and throwing money into a car with 0 resale eventually, I think the new car still makes sense.
That is not what you did at all. You made the best choice you could based on your own priorities and the information you had at the time.I know, worst choice a car guy could make but I don't care...