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To Get A New Car Or Not...?  
User currently offlineTPASXM787 From United States of America, joined Mar 2005, 1730 posts, RR: 20
Posted (8 years 8 months 4 days 14 hours ago) and read 2930 times:

Ok, here's the situation. I have a 2000 Jeep. It needs probably about $1200 worth of work, including the a/c, so it's pretty critical. I owe about $8700, the "trade in value" is $10,500. I can fix it to the point where the a/c will blow cold when I go to trade it. I get the normal sh*t SUV gas mileage, and if gas get much more expensive ($5 a gallon rumored next year) My gas will be more than my payment (it's close now).

My question is...is it even worth fixing it? I'm considering trading it in for an Accord coupe or something along those lines...that will get me better gas mileage and run forever. I have about $2k in trade equity and can get about $2k down. I want to keep my pmts around $325, new or used doesn't matter. I would be able to spend more, but student loans are a biotch.

Thoughts?


This is the Last Stop.
53 replies: All unread, showing first 25:
 
User currently offlineKROC From , joined Dec 1969, posts, RR:
Reply 1, posted (8 years 8 months 4 days 14 hours ago) and read 2926 times:

Sounds like you would be better off trading it in for something newer and probably more reliable with better gas milage.

User currently offlineBigOrange From United States of America, joined Apr 2004, 2362 posts, RR: 3
Reply 2, posted (8 years 8 months 4 days 14 hours ago) and read 2921 times:

Definitely trade it!

And do it before all the employee discounts run out and save yourself a couple of thousand.


User currently offlineWhiteHatter From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 8 months 4 days 14 hours ago) and read 2916 times:

Do your bit for American security and trade down to something much more economical. Even the political right in the USA now acknowledges this to be an effective policy to combat dependence on unstable Arab oil supplies and increase security.

So no matter which side of the spectrum you sit on politically, there is agreement that downsizing the gas guzzler is the correct way forward. Sell it and buy a secondhand Prius or something with good mpg.

Accords are good too. Honda cars have always been great performers for mileage. My new Mazda is currently doing just shy of forty to the gallon as well, so I'm pleased with that. I run it on Ultra Low Sulphur Petrol as well.

If you don't need a SUV for genuine reasons then you should think long and hard about downsizing. They are not just a fashion or lifestyle statement any more, they are now being regarded as a factor in National Security.


User currently offline777DadandJr From United States of America, joined Feb 2005, 1516 posts, RR: 12
Reply 4, posted (8 years 8 months 4 days 14 hours ago) and read 2912 times:

I would agree, you should trade it.
Normally, because you have a vehicle worth 10,500, is only 5 years old, and needs only 1200 in repairs, I would advise you to keep it. However, because of the high fuel costs, and the fact that you (unlike huge numbers of people) are not "upside down" on your financing, I would tell you to take advantage of cutting and running now. Besides, unless you trudge off road every weekend, or live on a farm, and have 5 dogs, there's no point to having a gas sucking SUV.

Quoting BigOrange (Reply 2):
Definitely trade it!

And do it before all the employee discounts run out and save yourself a couple of thousand.

Good point, but I don't believe Honda participates in the "employee pricing" friendzy. They don't have to. Their cars are good enough to not have to slash the price to move them.

Russ



My glass is neither 1/2 empty nor 1/2 full, rather, the glass itself is twice as big as it should be.
User currently offlineWhiteHatter From , joined Dec 1969, posts, RR:
Reply 5, posted (8 years 8 months 4 days 14 hours ago) and read 2911 times:

Quoting 777DadandJr (Reply 4):

Good point, but I don't believe Honda participates in the "employee pricing" friendzy. They don't have to. Their cars are good enough to not have to slash the price to move them.

Two words..."resale value"


User currently offlineTPASXM787 From United States of America, joined Mar 2005, 1730 posts, RR: 20
Reply 6, posted (8 years 8 months 4 days 14 hours ago) and read 2909 times:

Quoting WhiteHatter (Reply 5):
Two words..."resale value"

Hell yes. I work in auto financing, and Honda/Acura are the best at holding their value. Infiniti does well too.



This is the Last Stop.
User currently offlineWhiteHatter From , joined Dec 1969, posts, RR:
Reply 7, posted (8 years 8 months 4 days 14 hours ago) and read 2905 times:

Over here, Toyotas are good as well.

I've got a family member who bought a Toyota Yaris, fully loaded top of the range. Don't think they are sold in the USA, but it's a Euro-sized compact thing. Her mpg is amazing and it's extremely fast.

The new Corolla is a lovely car too, I looked at one before I bought this thing. Build quality is excellent and the new clutchless MMT gearbox does excellent mpg.


User currently offlineSuperfly From Thailand, joined May 2000, 39478 posts, RR: 75
Reply 8, posted (8 years 8 months 4 days 13 hours ago) and read 2899 times:

TPASXM787:
Yes, you are better off dumping it.
I am suprised the a/c went out in just 5 years.

Getting a better milage vehicle is a good idea however you don't have to totally compromise with a little underpower box like others mentioned above.
You may want to consider the fast, luxurious and very EFFICENT 2003-2004 Mercury Maurader.  Cool
Although it was a marketplace failure do to rediculous dealer markups when new, these are great reliable fun cars to drive. These are build on the tested and proven Panther platform that's been around forever.
These cars last forever and police and taxis have trusted this platform since 1979.
This car will give you low cost, low maintenence service until your retirement.



DIO21 is in the market for one right now.  bigthumbsup 
http://speedycars.chinacars.com/wallpaper2/mercury/Mercury_Marauder_2003_006.jpg

http://www.modernracer.com/images/mercurymarauderback2.jpg


BTW, it's got 302 HP and has plenty of trunk space for your golf clubs.  Smile



Bring back the Concorde
User currently offline777DadandJr From United States of America, joined Feb 2005, 1516 posts, RR: 12
Reply 9, posted (8 years 8 months 4 days 13 hours ago) and read 2893 times:

Quoting Superfly (Reply 8):
a little underpower box like others mentioned above.

Although I would agree that the Marauder is one bad ass car, calling a 240hp V6 Accord, "underpowered" is a bit of a mis-statement.

Russ



My glass is neither 1/2 empty nor 1/2 full, rather, the glass itself is twice as big as it should be.
User currently offlineSuperfly From Thailand, joined May 2000, 39478 posts, RR: 75
Reply 10, posted (8 years 8 months 4 days 13 hours ago) and read 2889 times:

777DadandJr:
I was refering to the Prius and other hybrids.
The Honda Accord with the V6 'option' can produce a lot of horsepower but at a higher RPM from a smaller engine that doesn't get that much more efficency than a V8.
The 4.6 liter V8 Marauder gets within 5 miles per gallon with the Honda Accord with the V6 option.
Now if that Accord was getting 45 miles per gallon with 240 horsepower, that would be impressive.



Bring back the Concorde
User currently offlineWhiteHatter From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 8 months 4 days 13 hours ago) and read 2876 times:

So why do you need such a big engine?

Seems you are missing the point. Smaller, more efficient engines are the way to go with the economy to get you through any oil price hike.

If you are not doing tens of thousands of miles regularly then all that V6 and V8 power is just willy-waving. Economy and efficiency is the name of the game in the new reality of oil prices. A 2 litre or less engine still gets you from A to B, and will have a hell of a lot more resale value in a few years when fuel costs could be right up where people are still not contemplating.

Add in a decent war in somewhere like Saudi Arabia and $100 a barrel oil is entirely possible. Car buyers should be future proofing their investment.


User currently offlineSuperfly From Thailand, joined May 2000, 39478 posts, RR: 75
Reply 12, posted (8 years 8 months 4 days 13 hours ago) and read 2872 times:

WhiteHatter:
Points well taken.
Keep in mind the Ford 4.6 and 5.4 V8 gasoline engines are VERY EFFICIENT.
They get the same MPG as many smaller V6 and turbo 4 cylinder engines.
The V8 offers a very quite smooth ride because of the low RPMs but can certainly offer tons of power when needed.
The current Ford 4.6 liter is hardly a gas guzzler like my 7.5 liter.  Smile

Buying a trusted and proven platform is a smart way to future proof your purchase. Cars aren't investments anyway. They are all liabilities because they all depreciate and don't generate $$$.



Bring back the Concorde
User currently offlineRoger136913 From United States of America, joined Aug 2005, 473 posts, RR: 0
Reply 13, posted (8 years 8 months 4 days 13 hours ago) and read 2865 times:

Most car dealers or banks do not give you book value when trading it in. They usually only do that if you own it out right. Also from the balance pay off they will deduct $0.10 a mile for anything over the average.
So if you have high mileage it will be worth less. Most dealers use the 12,000 to 15,000 miles a year as average banks as well.


User currently offlineTriStarEnvy From United States of America, joined Jan 2004, 2265 posts, RR: 3
Reply 14, posted (8 years 8 months 4 days 13 hours ago) and read 2862 times:

That new Dodge Charger has caught my eye. I'd suggest the Mazda 3, as well.

Quoting Superfly (Reply 8):
I am suprised the a/c went out in just 5 years.

The Great Yellow beast just ate it's A/C, and it's only FOUR. Thank goodness for extended warranty.



If you don't stand for SOMETHING, you'll fall for ANYTHING.
User currently offlineFlyingTexan From , joined Dec 1969, posts, RR:
Reply 15, posted (8 years 8 months 4 days 13 hours ago) and read 2860 times:

Quoting Superfly (Reply 8):
Mercury Maurader.

That car is bad ass. The trunk not only has room for golf clubs, it has room for several bodies. It drives great, is surprisingly efficient, a looker, has tons of room, and a bargain.

And based on the Grand Marquis, it will be at home in Florida!

(Always relies on ‘Fly to recommend a Ford product)


User currently offlinePHLBOS From United States of America, joined Mar 2004, 7482 posts, RR: 24
Reply 16, posted (8 years 8 months 4 days 12 hours ago) and read 2850 times:

First and foremost, it may be time for you to unload that Jeep. I believe everyone's in agreement on that one.

Second, you might want to ponder a few things when shopping for your next car, this should be automatic (in random order):

1. How many miles/year you put on it... do you have a long commute?
2. Will you be doing some towing?
3. Do you carry passengers and/or cargo fairly often?
4. Not to get personal here, but does your physical size requirements prevent you from fitting into a small car?
5. Being from Florida, you must use your a/c fairly often.
6. Does your driving area have a lot of steep hills? This can be daunting if you opt for a manual transmission.
7. How long do you plan on keeping this car?
8. Is leasing a car a viable alternative for you?

If you just are looking for a vehicle to get you from point A to point B and you drive a lot of miles; then a 4-banger subcompact or 4-banger 2WD pick-up might suit you fine. Manual transmission models will usually produce the highest mileage ratings. However, keep in mind, that with many smaller vehicles; your gas mileage will be lower if you keep a lot of stuff in your trunk/cargo area or when you have the a/c on.

However, if you're in a situation where you're carrying passengers fairly often, something larger like a mid-size or even a full-size car might fit the bill. Keep in mind that due its better aerodynamics, a full-size car that has the same engine as an SUV will usually return higher mileage... especially if the comparable SUV has 4WD.

One thing you did not mention about your Jeep was what model it is... Wrangler, Liberty, Grand Cherokee? If yours is a V8 4WD Grand Cherokee, nearly any car on the road (excluding exotic sports or super luxury cars) will return better mileage.

The Marauder that 'Fly listed is a good choice (one might be able to get on cheap due to the higher gas prices). However, if you don't need all the extra power or flash, a basic Crown Victoria or Grand Marquis will be a bit cheaper and the base 4.6L engine will get decent highway mileage. My brother actually got 29 mpg on a '94 Crown Vic. he rented many years ago; obviously it was all highway driving.

If you don't need a full-size but want more room than a compact; there are many mid-sizes out there.

Worth noting: most Honda cars seem to have less interior room than their comparable rivals (including Toyota). My brother sat in a Camry and an Accord one time and noticed that the Camry had more room.

[Edited 2005-08-18 20:39:35]


"TransEastern! You'll feel like you've never left the ground because we treat you like dirt!" SNL Parady ad circa 1981
User currently offlineTPASXM787 From United States of America, joined Mar 2005, 1730 posts, RR: 20
Reply 17, posted (8 years 8 months 4 days 12 hours ago) and read 2835 times:

Quoting PHLBOS (Reply 16):
1. How many miles/year you put on it... do you have a long commute?

Yeah, I drive about 25 miles each way to work. My Jeep is a V6 Grand Cherokee, I get about 15 mpg city and 21 mpg highway. I like the Camrys too, they are very roomy. I can fit in any car really, I'm about 5'10", just average Joe. I would like to have it for some time, I've only had my Jeep for a year and a half and it's just a big POS. I thought it would last well too, it was a salesman's wife's car with all the scheduled maint done on it...



This is the Last Stop.
User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 18, posted (8 years 8 months 4 days 11 hours ago) and read 2821 times:

Quoting TriStarEnvy (Reply 14):
That new Dodge Charger has caught my eye

Damn straight! The first time I saw one in person, I had a Homer Simpson moment (Oooooooh Charger....drools). I saw one on the way home from work the other day and almost wanted to follow them. The next time I take my Stratus in for an oil change, I'll be roaming the lot and maybe just for the hell take a test drive of a Charger (It'll probably be a few years until I get one).

The Stratus/Sebring is not a bad car either; I've seen a few dealers where I live actually having some good prices on the Sebring convertible, which is a pretty nice ride.

[Edited 2005-08-18 21:26:32]

User currently offlineSuperfly From Thailand, joined May 2000, 39478 posts, RR: 75
Reply 19, posted (8 years 8 months 4 days 11 hours ago) and read 2817 times:

The new Dodge Charger is a great car but may be out of TPASXM787's price range.


Bring back the Concorde
User currently offlineWhiteHatter From , joined Dec 1969, posts, RR:
Reply 20, posted (8 years 8 months 4 days 11 hours ago) and read 2813 times:

Quoting Superfly (Reply 12):
Keep in mind the Ford 4.6 and 5.4 V8 gasoline engines are VERY EFFICIENT.
They get the same MPG as many smaller V6 and turbo 4 cylinder engines.
The V8 offers a very quite smooth ride because of the low RPMs but can certainly offer tons of power when needed.
The current Ford 4.6 liter is hardly a gas guzzler like my 7.5 liter.

What I'm getting at is that in the climate of today, you need to ask a couple of important questions of yourself before buying a car.

1. What sort of mileage am I driving?
2. If gasoline cost twice or more what it does today, could I still afford to drive it?
3. What will it be like to resell in 3 years or so?

In 2008, that salesman might well be saying "look, I'd love to do a deal with you but with gas at ten bucks a gallon because of [whatever] cars with that size engine just don't sell anymore. Everyone wants 2 litre or less"

It's something I certainly thought about before buying mine. I was looking at one vehicle but the 26mpg put me off it despite it being just what I wanted. As did the question of whether I could still afford it in three to five years if petrol prices doubled. Over there you guys drive a lot more and differently than we do because of your geography so some people do need more low-end grunt and smooth cruise power, but it's that future-proofing which needs to be kept firmly in mind nowadays.


User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 21, posted (8 years 8 months 4 days 11 hours ago) and read 2810 times:

Quoting Superfly (Reply 19):
The new Dodge Charger is a great car but may be out of TPASXM787's price range.

The base model Charger has an MSRP of $22,320, which is about in the middle of the price range for an '05 Accord.


User currently offlineTriStarEnvy From United States of America, joined Jan 2004, 2265 posts, RR: 3
Reply 22, posted (8 years 8 months 4 days 11 hours ago) and read 2810 times:

Quoting Superfly (Reply 19):
The new Dodge Charger is a great car but may be out of TPASXM787's price range.

Well, he can alwas get a sweet deal at a Pontiac store on a nice 2005 Azt...uh....oh never mind......



If you don't stand for SOMETHING, you'll fall for ANYTHING.
User currently offlineLOT767-300ER From , joined Dec 1969, posts, RR:
Reply 23, posted (8 years 8 months 4 days 10 hours ago) and read 2794 times:

Quoting Superfly (Reply 12):
The current Ford 4.6 liter is hardly a gas guzzler like my 7.5 liter.

*Coughs* or a 5.7L V8 LT1  Silly


User currently offlineSuperfly From Thailand, joined May 2000, 39478 posts, RR: 75
Reply 24, posted (8 years 8 months 4 days 10 hours ago) and read 2789 times:

Quoting LOT767-300ER (Reply 23):
*Coughs* or a 5.7L V8 LT1

Well your Impala gets decent milage. I am lucky if I get 13 MPG hiway.

Quoting WhiteHatter (Reply 20):
3. What will it be like to resell in 3 years or so?

Well he already indicated;"run forever".

Quoting TPASXM787 (Thread starter):
or something along those lines...that will get me better gas mileage and run forever.

Doesn't sound like is too concerned about resale if he plans on keeping the car a long time.



For some one seriously concerned about efficiency, they should only look at the diesels. They can also be converted in to bio-diesels too.



Bring back the Concorde
25 L410Turbolet : Does anyone know some easy formula for converting mpg to liters/100km??? BTW, for God's sake, start using SI units like the rest of the world does!!!
26 N1120A : Fast: sort of. Luxurious: not really. Efficient: you have got to be joking I'm not The Accord is certainly not an "underpower box". Also, there are p
27 MAH4546 : It is a better time than ever to buy a new car. Take advantage of Friends & Family pricing on 2005 models before it goes away. The bargain prices help
28 FlyingTexan : Liters per 100km/282.48 = MPG 282.48/MPG = liters per 100km
29 Post contains links and images L410Turbolet : The European modification of the Accord not only looks much better than the US version (IMHO), but the supposedly excellent common rail diesel 2.2 CTD
30 Post contains images WhiteHatter : The T Spirit/T Sport, for its size, is incredibly gutsy. It isn't designed as a dragster, but it does cruise nicely at higher speed. Superminis will
31 Post contains images Superfly : N1120A: Thanks for sharing your opinions with us. They certainly are in contrast to the facts that I listed. Are you just singling out American V8s or
32 Post contains images Flight152 : The European modification of the Accord not only looks much better than the US version (IMHO) The European version on the Accord is quite a bit smalle
33 WhiteHatter : Depends as ever on how you drive it. If you roar off from the lights every time then you'll get silly mpg. American cars as a breed are a bit gas-heav
34 Post contains images Superfly : Understood, but the point I was making is that it got the same milage when new. However the car did break down a lot (mixed with Mitsushitsi parts) a
35 Post contains images Myt332 : Our 2.0 Litre unleaded Passat was only getting 26 MPG so we got rid of it for a 525D which happily gets 42MPG. How you can think 24MPG is good is bey
36 Post contains images Superfly : FOR THE LAST DARNED TIME! I was just indicating to Whitehatter that the milage didn't change with the age of the car! I NEVER said the 24 MPG was goo
37 Cfalk : 24 MPG still sucks though, for a little four-banger. I get better millage from my 1994 BMW 540i 300hp V-8 station wagon. I would believe those storie
38 Post contains images Superfly : Cfalk: I am I going to have to shout at you too?!?! Read the post above yours. 24MPG sucks for a 4banger for today's standards. Of course a 1994 model
39 Post contains images AC_A340 : As far as a new car goes, consider getting a diesel. The new diesels that VW produces are much quieter than they used to be (plus it kinda smells like
40 Asuflyer05 : Coming from someone who sells Hondas, you may want to have your Jeep appraised before you go any further. The employee pricing schemes are putting a h
41 AC777LR : Superfly, that Marauder is awesome, but does Ford still produce it? I know our chief of police drives one and its a fast car.
42 N1120A : Given my experience with cars, I think I can give quite educated opinions on things Mainly American V8s, though others still can present issues My fr
43 L410Turbolet : Is it true that a diesel fuel, good enough for the modern common rail and turbo diesels, is a sometimes hard to buy in the US?
44 Post contains images LOT767-300ER : No they dont make it anymore because people always love crappy cheap econoboxes to good soild powerful cars. The Marauder is one beastly vehicle, you
45 Post contains images AC777LR : LOL well I guess so but thats stock HP, not that bad! I just bought my self a Dodge Magnum with a Hemi and it has 340 Hp, I really wanted the 6.1Hemi
46 WhiteHatter : I've heard that too. Lots of the smaller filling stations don't carry diesel in the USA apparently. Diesel makes sense when fuel prices are high. The
47 Cornish : Are you actually referring to the V8 Rover - 3.5 Litre effort. If so that was a Buick (still GM of course) initially I think. Of course these days th
48 Post contains images PHLBOS : Sadly, the Maruader was dropped after the 2004 model year. 3 things lead to its short-lived production: 1. IMHO, it came out about 3 to 4 years too l
49 WhiteHatter : It was a mistype, it was the Rover V8. But apparently the engine Rover took over and developed was sourced from a Chevrolet. Hammond did a piece on i
50 Post contains images LOT767-300ER : Hehe the magnum is a powerful piece of machinery. The 6.1L is a bit much hehehe especially with gas being so expensive. How does that 340hp feel? I a
51 Post contains images AC777LR : that's funny you said that Peter, I just got a discount from my friend who works at the Brampton plant where they make the Charager, 300, and Magnum,
52 Flight152 : I am asking you because I dont toy around with any go-karts (or sub 400hp) How much hp does the POS blazer have?
53 Post contains images TPASXM787 : So after much thought and TPASXM787ette and I knocking our heads (and wallets) together....we have come up with this: 2005 Acura TSX....probably look
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