The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Poll: Spending Habits 1 - Cars New/Used||Date: 6/22/2000 3:32 PM|
|Author: terrynor||Number: 11552 of 757453|
I advocate buying "older cars" (5+ years) with moderate to high mileage. My current vehicle is a 1990 Acura Integra with 166,000 miles. I paid $3000 for it last year at 147,000 miles with new tires and paint. I expect to run the vehicle to over 250,000.
I good case can be made for the under $1,500 car being the most economical. Both of my cars in high school and college (15 years ago) cost under $700. I drove both well over 200,000 miles with little trouble.
With any car I do a good mechanical inspection including a compression check on the engine. I also do all of the maintainance and most of the repair. (I only take cars to a mechanic for tire replacement or muffler work.)
I also start looking for my next car about 6 months before I need it. I put the word out among friends. My Acura came to me through my brother when a third child was added to the family.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|