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 Keep your car for 200,000 miles, save $31,000

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RockDad
Infant
Infant


Number of posts : 7
Registration date : 2007-12-20

PostSubject: Keep your car for 200,000 miles, save $31,000   Fri Dec 28, 2007 5:14 pm

US money site argues you can save big bucks by not renewing your motor, link below:

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What do you think?
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joshwa
Junior
Junior


Number of posts : 33
Location : North West
Registration date : 2007-12-07

PostSubject: Re: Keep your car for 200,000 miles, save $31,000   Sat Dec 29, 2007 5:15 pm

Definitely agree Smile

I just don't understand why people are prepared to buy new cars. If you have 15k in your bank and absolutely nothing to spend it on (house, holidays, etc), then I guess it could make sense.

BUT to buy a car on finance, 200 - 300 per month!? Wouldn't you rather spend that on a mortgage?

Plus you loose so much money the minute you drive it away from the garage / forecourt.

Which would you prefer: New Passat 16k +
Or save 12k and buy a 3 year old Passat for 4000 ? (88k, autotrader)

Even new cars go horribly wrong - with an older car - you'd hope or expect all the problems to have been fixed...

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I've heard lots of bad things about *new* Vectra's going wrong. A guy at work had one - needed new injectors - 1400 !! (thankfully for him it was still under warranty)
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http://www.joshwaller.co.uk
James-Founder
Founder
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Number of posts : 334
Location : UK
Registration date : 2007-03-21

PostSubject: Bangers   Tue Feb 19, 2008 11:23 pm

This is what Bangernomics is all about!
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http://bangernomics.editboard.com
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PostSubject: Re: Keep your car for 200,000 miles, save $31,000   

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Keep your car for 200,000 miles, save $31,000

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