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yarozeMar 14, 2011
I still have and drive occasionally a 1979 Suburban, it has more than 400,000 Miles on it, it still runs well, passes state emissions tests, gets about 20mpg (depending on my foot), and best of all it's paid for.
pierrelimMar 14, 2011
Maybe pitifully part with old vehicles?
newspapercaMar 14, 2011
Newspaper is the best media still for advertising
Closed AccountMar 15, 2011
Him say on internet.
gkiltzMar 14, 2011
Car loans are still hard to get for anyone not making at least 50k/yr
goweigusMar 14, 2011
you shouldn't need car loans if you make that kind of money
ancalagon73Mar 14, 2011
Forgot the /s tag.
kleners975Mar 14, 2011
Thats not alot of money. I still live pay check to paycheck and cant get a carloan and i make 52k a year
trdrstvMar 14, 2011
How much you are looking to borrow for a car ?
goweigusMar 14, 2011
buy a used car?
blklightningMar 15, 2011
are you single? if so, you are spending too much money. either that or you live in a pricey area.
ciscoconftMar 14, 2011
LOL yea right.
jrackowMar 14, 2011
I'm amazed at the ignorance of people. Absolutely agree, if you make $50k then you don't need a loan on a car. People think they need to drive a $30K vehicle. It's an incredible waste. I drive a 92' Toyota half ton. Drives just fine. Why have a payment? It's a sure fire way to not save money.
PhoTuGoMar 14, 2011
Its beacuse you drive like a bitch and don't know the enjoyment of tracking or auto-xin a car
jrackowMar 15, 2011
It's because I care about my future, and am not defined by a vehicle.
Closed AccountMar 15, 2011
There's something to be said for modern safety features, improved fuel economy, better handling/braking, and the improvement of 20 years of engineering advances. Oh, and warranty coverage and included maintenance depending on the car/deal.
Now, you could get a better deal on a car that is a few years old and get all those improvements minus the warranty/maintenance.
jrackowMar 15, 2011
I agree with the modern safety features. Also, your conclusion on a used newer car.
drmangrumMar 15, 2011
$30k for a car really isn't all that much...
jrackowMar 15, 2011
I agree that it can be relative, if that's what you mean. But, relatively speaking, in consideration of the wealth of the world, and even in the United States, it is a whole lot of money. If I did not have a side job, it would be all that I make in a year.
friday1970Mar 15, 2011
You would if you had a family of 4 and a $1000/mo mortgage. It's amazing how fast money gets taken up by bills.
Insurance, taxes, bills, and food. Goes by quick.
BTW, both of my cars were bought used.
drmangrumMar 15, 2011
There are reasons to use a car loan other than not having the entire amount up front.
1) It keeps your credit active. Just because you have money doesn't mean you shouldn't keep a high credit score. Not having, and using, credit can hurt you just as much as bad credit.
2) if you own a business, you can write off all business related expenses. Since a car becomes an asset, you typically lease to avoid legal and tax expenses. However, there are some situations where a loan is more prudent.
3) Insurance companies have to pay off the lien holder in full. If you get into an accident and you own the car outright, you can get stiffed.
trusixMar 14, 2011
I make 68k a year, and I still can't get my first credit card.
trdrstvMar 14, 2011
Walk around any college campus the week of orientation. People are throwing them at you.
goweigusMar 14, 2011
lol
jrackowMar 14, 2011
You're doing something incredibly wrong, then.
lnmagicMar 14, 2011
Agreed. I've got a rewards card with under 20k per year - still a student. I have a somewhat limited credit line, but the trick is to ALWAYS pay your bills on time and in full.
trusixMar 14, 2011
You can't once you've graduated. I should have hopped on that bandwagon duh, but that's not how I was raised so worked since I was 18 and got my Master's Degree with no student loan debt and just a check card. Coming out of college I've been declined by every major bank, BoA made me get a secure card. So here I am using it.Comment is buried, click here to see the rest.
trusixMar 14, 2011
I don't know how it was back in 2000, but pay stubs, offer letters, bank account balances, and rental history all meant nothing 6 months ago in my applications apparently.
VeeladLastnameMar 14, 2011
It depends on a car, I guess. You barely see any neons on the road, they disappeared just as quickly as they appeared. My 05 Ford, on the other, has 100,000 on it and not a single breakdown. I am very pleased with it.
Closed AccountMar 14, 2011
Americans in No Hurry to Be Ass-Raped by Car Companies Using Slight Cosmetic Variations and Sophisticated Marketing to Hide Reliance on 1800s Technology, and Expensive, Dirty Fuel.
There. Fixed.
pudgyvMar 14, 2011
I drive an 11 year old Taurus while the wife has a 12 year old Neon. Both run very well and still look good. Why not? Both have less than 100K miles each. Get rid of either? Not unless we win the lottery.
Closed AccountMar 14, 2011
you don't drive the norm amount then
ryanwbMar 14, 2011
I bought a Honda Civic off the lot in 1997, paid it off and still drive it to work everyday (30 miles round trip); the odometer just clicked over 164,000 miles. I have kept up the maintenance on it and it still drives as well as it did the day I bought it. My insurance for the year is next to nothing, and the tags on it cost me $52 bucks for two years. Moreover, the gas consumption is exceptional. Why upgrade?
Our "family" vehicle has always been a higher end because I can justify the cost by the offset of my daily driver.
Closed AccountMar 15, 2011
You only have to pay 26 bucks a year for tags?
@%%^^#% Illinois.
breakspiritMar 14, 2011
My 1996 Ford Escort gets 35 miles to the gallon, runs fine, and looks like s**t. But, it's about the most economical car I can imagine, so I'm keeping it until it stops working.
investorplacecomMar 14, 2011
Perhaps it's time for the auto industry to diversify their investments. Sure, they sell cars, but they should have the know-how and man power to enter into other sectors with their extensive knowledge of engines, vehicle safety, etc. I thought in times of crisis people were supposed to think outside the box, not bang their heads against the same wall over and over again in the hopes that the next impact will allow them to break through.
Closed AccountMar 14, 2011
Damn right I'm in no hurry. I have a '98 GT mustang, and it runs as well as it did the day I got it 13 and a half years ago. Looks great too. And the gas mileage isn't too bad either.
so far I've only had to replace the breaks, clutch, hoses, the occasional battery, and perform all the other standard maintenance.
I imagine it will last me Quite a bit longer since I actually take care of my vehicles. I have no need to constantly trade up for newer expensive models.
nurallMar 14, 2011
think ive replaced the exact same parts on my '98 mustang. just got back from a 500 mile road trip this weekend (guess i still trust it)
mercfhMar 14, 2011
03' BMW 540 here, Since I have to do maintinence anyways to keep these garage queens running well there is zero point in getting a new car.
Mine runs amazing and I still get compliments on it, but then again i spend the money to keep it maintained.
better than buying a new car tho.
trdrstvMar 14, 2011
I have a 2000 Civic with over 200,000 miles on it. I maintain it regularly and am a believer of preventative maintenance; it has yet to cause me any issues.
It's also been paid off for years, costs almost nothing to insure and gets 28/36 mpg, so yeah... Even though I'd "like" a new car, this one's not going anywhere for a while.
ryanwbMar 14, 2011
My wife used to drive a Mercedes SUV and it was a very nice vehicle - drove like a dream. About a year after we had it the windshield wiper fluid ran out. I went to put some new fluid in and I couldn't find the reservoir. So when I took it in for maintenance I told the guys," hey can you top off the wiper fluid?"
They said, "Oh, it's actually a module we have to replace we can't just fill it up - it's $290 bucks."
I had that thing sold the next week. Talk about a fleece!
trdrstvMar 14, 2011
Sounds like there's a good business in selling After market parts so people can replace their own fluid.
syujinkouMar 14, 2011
I replace my own fluid in the shower every morning.
Closed AccountMar 15, 2011
Dugg for random humor.
froghog1971Mar 14, 2011
Remember the campaign to develop a $100 laptop for the schoolkids? Why not a campaign to develop a $2000 car?
davidg11Mar 14, 2011
Its called a TATA....in India
Closed AccountMar 15, 2011
And you def want a bra on your Tata.
kolop1Mar 14, 2011
It depends on how you drive. I had an 03 Galant last me until a few weeks ago. I put 180,000 miles on it in the 8 years I drove it. It was a great car, but not worth fixing. I just bought another new car,
I believe for everyone that has a 20 year old car with 300,000 miles, there are 10 people who are not so lucky.
trdrstvMar 14, 2011
It also depends on where you live I suppose. My guess is my car will start to rust out before it gets bad mechanically... we get copious amounts of snow here (and lots of salting the roads).
kolop1Mar 14, 2011
That's true too. It gets very hot in the summer and cold in the winter here.
digitaldeadstarMar 14, 2011
I just recently traded in my car and got a 2010 Kia Rio, brand new. I wasn't going to bother since my car was paid off, but due to my lack of knowledge and car experience when I first got my '99 Dodge Avenger, it was kind of literally falling apart. I learned a lot from the experience, though, and have obviously started taking better care of my new car and learning more about them. Though I have to say, for doing such a poor job taking care of it, the car ran pretty well.
Another big factor in my decision was I got a kid on the way, so a 2 door sports car isn't the best option for that.
publikjohn9Mar 14, 2011
Mine = 1980 Mercedes Benz 240d 320,000 miles still runs fantastic and gets consistently 29mpg. As long as it keeps on going, why should I buy anything newer in todays s**t economy. I love not having to make payments on it.
glui2001Mar 14, 2011
Still driving my '99 Durango. I'm gonna drive it til it dies! (Un)fortunately I think it's got a long ways to go til it poops out.
StonnaMar 14, 2011
No I'm not ready to buy a car and put a hole in my walket
ToddHorlbeckMar 15, 2011
Todd Horlbeck likes
Closed AccountMar 15, 2011
Does Todd?
miklkitMar 15, 2011
I only know one person who can afford to buy a new car. She makes $45 an hour sitting at a computer all day.
Personally I feel no need for a new vehicle. I own a 1967 Ford F250, a 1967 Ford Mustang, and a 1997 Ford Thunderbird. Rebuilt the engine in the pickup in 1993, the Mustang in 2004, and haven't touched the TBird. Why spend $30,000 to replace one of them?Comment is buried, click here to see the rest.
aserer511Mar 15, 2011
Cars aren't s**t boxes, and most people have something newer than 2000....even a 01 Kia will see 10+ years of decent service, let alone a Nissan/Honda
blklightningMar 15, 2011
there comes a time when a man realizes that cars are a net loss every time. that's why i plan to drive my '03 dodge ram until it explodes. it only has 70k on the clock right now, so detonation is a few years off, it would seem.
bcm79Mar 15, 2011
I still have an 87 American Motors Eagle that I picked up 5 years ago and put over 100,000 since then, and a 02 TDI Jetta. They both have another 100,000 to go before I'm going to replace them.
Why upgrade? It'd take 10 years or more to justify the difference in fuel costs vs car payments. What do I need? An integrated "Entertainment/Navigation System" that can't be upgraded without replacing the whole car? 25 microprocessors that can go bad? Expensive tire pressure sensors?
Heat, maybe some A/C, a radio, and stick a GPS on the dash that you can throw out in a few yeas as they rapidly progress. Put those in a reliable car.
I believe that new cars are just being sold on gizmos. It's hard to convince anyone they need all that crap when they have money, and when they're trying to pay down debt and keep a house they'll walk right past.
If they were trying to work on safety features, then inferred monitors and radar braking would be standard and power locks would still be an option, but you have to legislate that kind of change, and the auto industry has a great history of kicking and screaming into safety.
But my point is that the auto industry will never recover to the glory days. People just don't care that much any more. Cars aren't the status symbol they used to be and every family has two or three. The technology hit a plateau toward the end of the 60's, and while there have been improvements (and time for American automakers to catch up), there have been no leaps forward.
Maybe the electric car can change things, but I won't hold my breath. The industry just needs to adjust to the new model.
friday1970Mar 15, 2011
"Cars aren't the status symbol they used to be"
Ever been to Detroit, especially some of the inner city neighborhoods. Homes are cheap, so people that can afford it due purchase lavish vehicles.