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Tractor Talk Discussion Forum

O.T. trading vehicles

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yo from ontario

01-16-2005 18:08:01




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A year ago just as my wife was re-entering the work force we came into a little money and being that we had an old car we used the money to get her a new car. Now I am trying to decide if we should keep trading regularly for new cars so it only costs a couple G's or drive it for a long time and need a wheel barrow full to trade. What do you think?




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Red Dave

01-17-2005 06:57:10




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 Re: O.T. trading vehicles in reply to yo from ontario, 01-16-2005 18:08:01  
I like to buy new then run them a long time. My current everyday driver is a 1990 year old Jeep Cherokee that I bought new. I expect to get a few more years out of it. At this point it's way beyond a reasonable trade-in or resale value, so I may as well run it.

I read an article some time ago where a guy said the total cost of ownership was least when you buy a used 4 or 5 year-old car, run it for 2-3 years, then get rid of it and get another. he claimed to be looking at everything, purchase cost, maintenance, insurance, resale value, etc. The way he put it sounded plausible, but I didn't check his math so I don't know if he knew what he was talking about, or was full of it.

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VADAVE

01-17-2005 03:58:11




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 Re: O.T. trading vehicles in reply to yo from ontario, 01-16-2005 18:08:01  
Guess I'm different from the rest. I buy new then pay attention to the repair costs. I do as much as of the repair and maintainance I can but when the cost of repair starts to equal the value of the vehicle it's time to sell and buy another. Manufacturers are getting the repair/maintainance intervals longer with each model. The last vehicle I sold had 220,000 miles and was 16 years old. It was running real good but the value had dropped and little failures were getting more frequent with the cost of repair getting very close to the value of the vehicle.

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leland

01-16-2005 20:44:09




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 Re: O.T. trading vehicles in reply to yo from ontario, 01-16-2005 18:08:01  
The way the wife and I save money is look for a carry over it's already 1 year old but it's still new and the best part dealer ate the depreation so thats already 6-7000 off there. but your still money ahead to drive one 10 years so what if you put 3 grand in one thats only 10 months payments and if the car goes another 3-5 years your thousands of dallors ahead.



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buickanddeere

01-16-2005 18:46:49




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 Re: O.T. trading vehicles in reply to yo from ontario, 01-16-2005 18:08:01  
I just spent 3/4 of the price of a brandnew vehicle in repairs over three years on the wife's p.o.s. Would have been ok except for six separate errors in workmanship . Purchase something off a lease two years old and trade at 4-6 years age depending on mileage. I'll never keep anything again that's old enough or has gone far enough that it may need serious repairs. Depreciation is cheaper than a highschool dropout who got a mechanic's apprenticeship working on your vehicle.

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yo form ontario

01-16-2005 18:52:56




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 Re: O.T. trading vehicles in reply to buickanddeere, 01-16-2005 18:46:49  
The worst vehicle I ever bought was a 2 year old lease return. When we finally dumped that p.o.s. we decided no more used cars.



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buickanddeere

01-17-2005 18:35:18




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 Re: O.T. trading vehicles in reply to yo form ontario, 01-16-2005 18:52:56  
Is every 2yr old vehicle coming off a lease junk? Is every new vehicle or privately owned two year old vehicle perfect?



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Sid

01-16-2005 18:27:15




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 Re: O.T. trading vehicles in reply to yo from ontario, 01-16-2005 18:08:01  
Some people I know do what you are talking about. They end up paying less than leasing a car and always have a vehicle that is under warranty.



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Nebraska Cowman

01-16-2005 18:13:43




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 Re: O.T. trading vehicles in reply to yo from ontario, 01-16-2005 18:08:01  
moderation in all things. I'd think you would want to drive it at least 3 years. I buy new and generaly trade ever 4 or 5 years. I'ts cost me a pile of money over the years but in my bussiness I can't walk.



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steveormary

01-17-2005 04:35:50




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 Re: O.T. trading vehicles in reply to Nebraska Cowman, 01-16-2005 18:13:43  
Drive em till they drop. We sold or traded because on car #1. Timming went out. 1978 Ford Granada. 302 V8

Car#2 Tranny went out. 1990 Dodge Dynasty Car#3 Suspension problems. 1996 Mercury Sable.
Wife didnt like that car anyway.

Bought new; 2003 Toyota Camry.

steveormary



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