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NEW CAR buying..........

redgtxdi

redgtxdi

Diamond Member
OK, so after a recent 3rd vehicle/truck/in-law fiasco (long story, nevermind)......I'm reeeeeally contemplatin' a 3rd vehicle!!

My current vehicles are:

'98 Ford F150 (14mpg)
'98 Toy Camry (24mpg)

After last month (when gas prices reeeeeally went up) I started the WU on a "minimal truck-driving" regimen.......(she loooves the truck & calls it hers). It basically stays parked on the weekends now when we can.

I'm still debating whether a Corolla or Elantra would be the car to get, but I want some freakin' MPG, baby, if I *do* dive into a 3rd card. Obviously, the two '98 vehicles are paid off by now so we could afford it, but I'd have to be certain that the gas savings justifies the extra insurance/hassle/whatever that a 3rd car introduces.

Any suggestions?????? Opinions??????? Wanna just shoot off at the mouth???

I'm all ears! TIA!
 
Ya, but insurance is more on that one.........(on the Elantra too, for some reason).

And......it's really more (to me anyway) about whether I really wanna do it or not. Or just simply restrict truck driving as much as possible & let the one Camry do all the mileage work for us. ???????
 
Originally posted by: redgtxdi
OK, so after a recent 3rd vehicle/truck/in-law fiasco (long story, nevermind)......I'm reeeeeally contemplatin' a 3rd vehicle!!

My current vehicles are:

'98 Ford F150 (14mpg)
'98 Toy Camry (24mpg)

After last month (when gas prices reeeeeally went up) I started the WU on a "minimal truck-driving" regimen.......(she loooves the truck & calls it hers). It basically stays parked on the weekends now when we can.

I'm still debating whether a Corolla or Elantra would be the car to get, but I want some freakin' MPG, baby, if I *do* dive into a 3rd card. Obviously, the two '98 vehicles are paid off by now so we could afford it, but I'd have to be certain that the gas savings justifies the extra insurance/hassle/whatever that a 3rd car introduces.

Any suggestions?????? Opinions??????? Wanna just shoot off at the mouth???

I'm all ears! TIA!
Click to expand...

<- giggles
 
It is cheaper to drive your currently paid-for vehicles than to buy a new one for the purpose of gas mileage improvement.
Keep driving what you have and enjoy.
 
Originally posted by: radioouman
It is cheaper to drive your currently paid-for vehicles than to buy a new one for the purpose of gas mileage improvement.
Keep driving what you have and enjoy.
Click to expand...

OK........but here's another philosophy............If you can consider **having** a truck in your lineup a virtue, then consider this........

Keep the truck for all the reasons one likes having a truck in the driveway.....(Home Depot runs, moving stuff, towing stuff, etc. etc.)

THEN...........use the NEW car's gas savings to help negate the added insurance cost (approx $40/mo) and use the BALANCE of fuel savings (say anywhere from $30-$50/mo) to help further effectively LOWER the new car payment until it's paid off.

??????????

i.e..............Truck uses $200 gas per month. New car uses $100 gas per month. New car costs an extra $40 to insure. New car payment is $200/mo. Say the truck is driven approximately $30/mo worth now..........sooooooooo..........

New car's insurance is paid for ($70-$40=$30) and that extra $30 can effetively make the new car payment $170/mo instead of $200.

Twisted logic???????? 😀

 
Originally posted by: radioouman
It is cheaper to drive your currently paid-for vehicles than to buy a new one for the purpose of gas mileage improvement.
Keep driving what you have and enjoy.
Click to expand...

 
Originally posted by: CrackRabbit
buy a year or 2 old elantra, they are dirt cheap, but may not be the most reliable thing on the planet.
Click to expand...

Well, the only problem with that is that it's actually quite wise to take advantage of Hyundai's 10/100 warranty. When a Hyundai is sold (unless it's sold to a direct relative) the warranty drops to 5/60.

And so nobody has a comment on my twisted logic above??

BTW, gas prices just went up again a few cents today!!!!!!!!!!!!!!! Every time that happens, the new car would be paying for itself on a positively graduating scale!!!!!!!!!!
 
For me it went like this.

Car #1: '92 Maxima SE in perfect condition
Car #2: '84 Porsche 944 Good shape decently low miles for the year.
Car #3: '04 GTO New, because I wanted one.

So yeah, I dunno, if you want another car get what you want. 😀
 
Originally posted by: RGN
For me it went like this.

Car #1: '92 Maxima SE in perfect condition
Car #2: '84 Porsche 944 Good shape decently low miles for the year.
Car #3: '04 GTO New, because I wanted one.

So yeah, I dunno, if you want another car get what you want. 😀
Click to expand...

OK.........let me give you the wifey's cell # & you tell her what you just said. She'll see it my way for SURE then!!!!!! 😀
 
let's say your payments on this car are $300/month, which is probably a really low estimate. to SAVE $300/month over your current cars, you'd probably need to be driving like 2000 miles every week in the new car alone (just guesstimating). i mean, i drive ~700 miles a week in my 25 MPG accord, and gas runs me $250-$300/month. let's say i replaced it with a prius, which in the real world rarely tops 45 MPG, but let's give it the benefit of the doubt and say it can do 50 MPG. my gas costs would be ~$125, for a savings of $125/month. that doesn't even BEGIN to cover the cost of the car, especially when you figure in higher insurance. and that's if i REPLACED my car with the new car. if the prius was an addition, it gets even crazier, cause now i'm paying insurance and registration on two cars, and still driving the old one sometimes (further negating impact of new car). if you were looking to replace one of your vehicles anyway, consider a high MPG car, sure. but don't buy a 3rd car looking to save money.
 
Originally posted by: redgtxdi
Originally posted by: CrackRabbit
buy a year or 2 old elantra, they are dirt cheap, but may not be the most reliable thing on the planet.
Click to expand...

Well, the only problem with that is that it's actually quite wise to take advantage of Hyundai's 10/100 warranty. When a Hyundai is sold (unless it's sold to a direct relative) the warranty drops to 5/60.

And so nobody has a comment on my twisted logic above??

BTW, gas prices just went up again a few cents today!!!!!!!!!!!!!!! Every time that happens, the new car would be paying for itself on a positively graduating scale!!!!!!!!!!
Click to expand...

Hardly.
 
Well........hardly or not........the math don't lie.......😉

& thoms has it right in the first place, except that there *is* a matter of "equity" (if you can call it that) in the new vehicle!

At a $250/mo car pymt. (assuming you were actually going to *get* something for a civic trade-in) you could use the new car's high MPG to pay for the insurance (easy) *and* deduct from your total payment.......($250 - $30to$40 = money off the pymt).......and while you're still *out* the money that you're still paying on the new car payment (let's say $220 for argument's sake).......you're still contributing to an equitable asset.........(though we all know cars depreciate).

No, it's definitely not a "savings" overall, it's "how you look at it". Would you rather throw $80/mo into exhaust fumes............or $220/mo into a new ride. Remember for $220 per mo, you're not simply burning it as kindling.......... you are actually *getting* something for that $220/mo!!!!!!!!!!😉
 
It's just facilitating the cycle into spending a lot more money than will be saved. Unless you are driving a great deal, spending thousands annually over the hundreds for gas cost is useless. Only if your car payments + gas consumption costs, comes out less than your current gas consumption costs, then don't bother with buying a new car.

Run either vehicle into the ground, and right before it is getting ready to give up the ghost. Purchasing a new vehicle when you actually *need* a new vehicle is really the only reason. Otherwise you are just throwing away money that could be used elsewhere.
 
Only if your car payments + gas consumption costs, comes out less than your current gas consumption costs, then don't bother with buying a new car.


Ahhhhh........OK.........I got the *subliminal* message......😉

So you're saying......"Buy a *used* car"!!! 😛
 
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