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Author Topic: Bodeens vehicle advice  (Read 13392 times)

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Offline Ladislaus

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Re: Bodeens vehicle advice
« Reply #65 on: September 20, 2022, 10:18:13 PM »
Quote from: DigitalLogos on September 20, 2022, 04:44:15 PM
Honda and Toyota are the way to go

For the most part, but both of these have had some pretty significant quality issues the past 7-8 years or so, including some safety recalls.
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Offline Ladislaus

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Re: Bodeens vehicle advice
« Reply #66 on: September 20, 2022, 10:20:18 PM »
Quote from: DigitalLogos on September 19, 2022, 06:47:37 PM
Yes, we can finance it for 28k and some change. That's about 8k more than I want to spend, especially finance, for our next vehicle. And I'd rather get something that may be older, but we can buy outright, especially since my wife doesn't really drive a lot anymore. So, I have been thinking about that. But, since we close on selling our house next week, and we can pay off virtually all of our debt including my Pilot (praise God!); our credit wouldn't yet be where it needs to be for us to get a good rate by November.

And when we assume the mortgage for her parent's home (they have about $100k left on it at 3-3.5% interest, much better than the 5.5-6.5% right now), that'll be an increase of about $500/month. So I don't really want to be paying another $400-500 for this Jeep on top of that. When I still had by Silverado lease the monthly payment to finance was almost $500/month, which was more than the lease payment I originally had.

At 28K, depending on the year and the mileage, you might be able to purchase it for that and then sell it for a pretty significant profit.
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Offline DigitalLogos

Re: Bodeens vehicle advice
« Reply #67 on: September 20, 2022, 11:50:37 PM »
Quote from: Ladislaus on September 20, 2022, 10:20:18 PM
At 28K, depending on the year and the mileage, you might be able to purchase it for that and then sell it for a pretty significant profit.
That is the other possibility, for sure.
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Offline Mark 79

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Re: Bodeens vehicle advice
« Reply #68 on: September 21, 2022, 03:55:58 AM »
Quote from: Yeti on September 20, 2022, 10:07:43 PM
I don't know where you're getting these crazy ads. …

Random sample from edmunds.com for Phoenix.


Quote from: Yeti on September 20, 2022, 10:07:43 PM

 2009 Accord with 85k for $8600. … 2004 Accord with 131k for $5900.


To my thinking neither $8600 nor $5900 are "a couple of grand."

I also ask myself, "In this market, why would someone unload a '300,000 mile car'?"

Quote from: Yeti on September 20, 2022, 10:07:43 PM

… 2004 Civic for $3500. The last one has 246k but as I said, these things last forever so that isn't a huge deal. Here's a great 2002 Camry with only 132k for only $3600.…

Closer to "a couple of grand," but 246,000 miles???

We had a 2000 Camry that died (head gasket, repair estimate from reliable independent mechanic was $3500 in 2014 Jєωbux) at 120,000 odometer miles, scrupulously maintained, and no hard driving.

I'm not saying there is not a needle in the haystack, only that I burned out on the car shopping process until the spirit moves me again.

It's possible that our inflation rate in Phoenix (currently the highest in the nation) may be coloring our local prices. I also looked out-of-state, but that added to the headache and burn-out.
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Offline Ladislaus

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Re: Bodeens vehicle advice
« Reply #69 on: September 21, 2022, 08:40:48 AM »
Quote from: DigitalLogos on September 20, 2022, 11:50:37 PM
That is the other possibility, for sure.

I actually have a Jeep that's worth several thousand more than what I paid for it about 2 years ago.  I could sell it ... but then I'd overpay for something else to replace it.

Interestingly, I had a 2000 Jeep Wrangler that I bought new that year.  After we were expecting our third child (in 2005), I sold it (to replace it with a van) and got about $10,000 for it.  I looked the other day, and the exact same 2000 Jeep Wrangler Sahara (with about 175K miles on it ... probably what I would have put on it over the years) is currently selling for about $10,000-$11,000, so the same price as what I solid it for in 2005.  Except that back then it was only 5 years old and had about 30,000 miles on it.  That says a lot about inflation.
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