The false economics of a used car
#21
Evan, have you looked into leasing, or taking over someone's lease?

If you are bent on this new car thing and presume all used cars are going to be busted things that eat up all your time wrenching on it then it might be a good way to go to avoid some of the depreciation on a new car.
(09-25-2019, 03:18 PM)V1GiLaNtE Wrote: I think you need to see a mental health professional.
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#22
taking over a lease is a freaking great idea if you only plan on keeping a car for 2-3 years.
I Am Mike
4 wheels:  '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)

No longer onyachin.
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#23
leasetrader.com , swapalease.com
(09-25-2019, 03:18 PM)V1GiLaNtE Wrote: I think you need to see a mental health professional.
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#24
well, this was just an exercise and food for discussion, not really "help Evan find a DD"

as I said in my original post the biggest drawback for the new car is the high monthly payment and upfront cost. Neither of which I can swing right now.
I think Mike has the right idea with the 30-50k mile car being a nice sweet spot. A certified used car wouldnt be bad either.
My logical brain cannot fathom paying 300 or so a month to rent a car so a lease is out of the question.

all this exercise has really done is rule out a 90k mile E46. Because I cant afford a E90. Maybe if I was smart I would buy a lightly used Mazda3 or something. Ive thought about that, but fwd econoboxes just dont stir my loins. I need rwd like i need oxygen.

Maybe Ill stretch my budget and go for a 40 or 50k mile E46 if I can find one. But that brings a ~20k price range, which brings in a whole lot of other very cool cars..... like STis...nice S2000s..... dammit. And a $450 monthly payment with it...
The IS is a great car except the gas mileage is very poor, for some strange reason. Kind of a deal killer.

maybe Ill just stick to old busted miatas.
SM #55 | 06 Titan | 12 Focus | 06 Exige | 14 CX-5
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#25
Evan Wrote:all this exercise has really done is rule out a 90k mile E46. Because I cant afford a E90. Maybe if I was smart I would buy a lightly used Mazda3 or something. Ive thought about that, but fwd econoboxes just dont stir my loins. I need rwd like i need oxygen.

last time i checked, my bro's 2003 325is had less miles than my 2004 STi (which is at 46k right now) i doubt he's put 40k on it since last year.
1994 Ford Ranger
2004 Honda S2000
2007 BMW X3
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#26
Evan Wrote:My logical brain cannot fathom paying 300 or so a month to rent a car so a lease is out of the question.

But if you take over someone's lease, they've already absorbed the up front cost, security deposits, dealer fees, etc.... just take over the monthly for 1-2 years and you come out WAY ahead out of any other option.
(09-25-2019, 03:18 PM)V1GiLaNtE Wrote: I think you need to see a mental health professional.
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#27
.RJ Wrote:
Evan Wrote:My logical brain cannot fathom paying 300 or so a month to rent a car so a lease is out of the question.

But if you take over someone's lease, they've already absorbed the up front cost, security deposits, dealer fees, etc.... just take over the monthly for 1-2 years and you come out WAY ahead out of any other option.
hrm. Ill look into it, but i still dont like paying 300 or so a month and not actually owning anything
SM #55 | 06 Titan | 12 Focus | 06 Exige | 14 CX-5
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#28
I don't like the idea of making payments on a car. I'm currently in the market for a nice Miata w/a touring package and you could just pay that off with a single check. What about a late 90's Maxima? Those things are comfortable, look good and really reliable?

In my mind, making payments suck and paying interest on a luxury item doesn't make sense especially because almost all cars are money pits in one way or another.

Then again, you single guys can't go to the club in a clapped out shit box.
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#29
Evan Wrote:but i still dont like paying 300 or so a month and not actually owning anything

If you're making a payment on it, you still dont own it... the bank does.
(09-25-2019, 03:18 PM)V1GiLaNtE Wrote: I think you need to see a mental health professional.
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#30
Also the benefit of buying a new sports car is that you know the history and can be 99% sure it hasn't been ragged on. I treat my cars nice and would love to take a car through its lifetime so to speak. I hope to purchase a new car sometime in my life, but it is a pie in the sky at this point. Good thread Evan.
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2014 White Platinum Pearl Explorer Sport

Living in the Alamo City.
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#31
Feersty Wrote:Also the benefit of buying a new sports car is that you know the history and can be 99% sure it hasn't been ragged on.

i would hope a new car hasn't been ragged on.... again, my 5 year old sports car cost me $0 in extra costs this year. it has been reposessed too... i'm sure it hasn't had an unragged life.
I Am Mike
4 wheels:  '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)

No longer onyachin.
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#32
I personally don't think I'll ever buy a brand new car, unless I'm wealthy someday and some car comes out that I HAVE to have. You just get hosed so bad on depreciation as soon as you drive it off the lot. Not to mention higher insurance costs, higher personal property taxes, etc.

A good used car can hold up just as well as a brand new one, especially if you get a certified used car in case something does happen to it. I took a beating on the sale of my old WRX, it had depreciated that much in 1 year.
Posting in the banalist of threads since 2004

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Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
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#33
Mike Wrote:
Feersty Wrote:Also the benefit of buying a new sports car is that you know the history and can be 99% sure it hasn't been ragged on.

i would hope a new car hasn't been ragged on.... again, my 5 year old sports car cost me $0 in extra costs this year. it has been reposessed too... i'm sure it hasn't had an unragged life.

your car has also been driven around with the hood up too
1994 Ford Ranger
2004 Honda S2000
2007 BMW X3
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#34
Evan Wrote:I think Mike has the right idea with the 30-50k mile car being a nice sweet spot. A certified used car wouldnt be bad either.

+1

My last two cars had 30k miles (+/- 10%) on them and one was certified.

After also owning a 10 y/o car Accord and a brand new Prelude I can say the 30k mile plan is the sweet spot for reliability and fiscal sense.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944

"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
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#35
Buy a new Civic SI.

My insurance went DOWN from a 2001 Mustang GT. Incredible...

Limited Slip for life! :o
2006 Civic Si - Shazam!
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#36
Scrubber Wrote:Buy a new Civic SI.

My insurance went DOWN from a 2001 Mustang GT. Incredible...

Limited Slip for life! :o

Was that hard to find out there? Got any pics man? Throw them in Appearance/Cosmetic. Any plans for modifications?
2017 Mineral White BMW M240i Cabriolet
2014 White Platinum Pearl Explorer Sport

Living in the Alamo City.
210
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#37
Feersty Wrote:
Scrubber Wrote:Buy a new Civic SI.

My insurance went DOWN from a 2001 Mustang GT. Incredible...

Limited Slip for life! :o

Was that hard to find out there?

yes, they don't have honda dealerships out west..
I Am Mike
4 wheels:  '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)

No longer onyachin.
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#38
Well 06 Civic Si's are very difficult to get in most of the major metro areas...
2018 Ducati Panigale V4

Past: 2018 Honda Civic Type-R, 2015 Yamaha R1, 2009 BMW M3, 2013 Aprilia RSV4R, 2006 Honda Ridgeline, 2006 Porsche Cayman S, 2012 Ducati 1199, 2009 Subaru WRX, 2008 CBR1000RR, 2009 Kawasaki ZX-6R, 2000 Toyota Tundra, 2005 Honda CBR600RR, 1996 Acura Integra GS-R, 1996 Acura Integra GS-R, 1997 Honda Civic EX

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