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Author: BGPenhollo Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 682383  
Subject: Poll: Spending Habits 1 - Cars New/Used Date: 6/22/2000 8:46 AM
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New
Newly Used (less than 2 years old)
Average Used (2 to 5 years old)
Old but low miles (More than 5 years old, less than 75,000 mi)
Junker - Clunker - transportation nothing more

Click here to see results so far.

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Author: jtmitch Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 11530 of 682383
Subject: Re: Poll: Spending Habits 1 - Cars New/Used Date: 6/22/2000 8:52 AM
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I checked "newly used" but that is only because two of the last 4 cars I bought were in that category. The other two were new. I keep cars at least 10 years, so I had always thought it paid to go for a new car. However, more recently I have had very good luck with "previously owned" (great euphemism, isn't it??) cars with very low mileage (9K - 13K) still under warranty. That amount of mileage doesn't seem to diminish the 10 year life expectancy and I get the car for a few bucks less than I would have to pay for new with most of the feel of new.

jtmitch

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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 11541 of 682383
Subject: Re: Poll: Spending Habits 1 - Cars New/Used Date: 6/22/2000 11:11 AM
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My last three cars have been new. I typically keep an automobile 7 or 8 years.

I should be due for a new car in about 3 years. I'll probably buy a "newly used" model this time. I'm considering something like a 2 year old Infiniti or Lexus.

intercst

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Author: vickifool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 11542 of 682383
Subject: Re: Poll: Spending Habits 1 - Cars New/Used Date: 6/22/2000 11:16 AM
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My first three cars were old cars that people gave me for various reasons.

When I was 34 I bought my first "new" car. It was an economy car, the next was a regular car, and the last was a luxury car. (My DH bought that--took me a while to get over being embarassed!)

We bought each of them for cash. The economy and regular car dealers kept insisting that we had to fill out a credit application. The luxury car dealer just asked, "How would you like to pay for this?" (So we put it on a credit card! Which we of course paid in full when the bill came.)

Vickifool -- who just noticed that her cars are in an upward trend.

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Author: se2nw Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 11544 of 682383
Subject: Re: Poll: Spending Habits 1 - Cars New/Used Date: 6/22/2000 12:07 PM
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I'm hoping my next new 'ride' can be a bicycle! With a great car-share business in town, it might be possible.

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Author: terrynor One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 11552 of 682383
Subject: Re: Poll: Spending Habits 1 - Cars New/Used Date: 6/22/2000 3:32 PM
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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.

cheers,
terrynor


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Author: 39dopey One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 11597 of 682383
Subject: Re: Poll: Spending Habits 1 - Cars New/Used Date: 6/23/2000 10:35 AM
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When we replace a car, we buy new, but that isn't very often at all. Our cars are currently 6 and 13 years old, and I don't expect to get a new one for at least two more years. I don't have to wonder whether I'm buying a smarter person's problem or a newly used product of someone who wanted that new car smell. Instead, I get a new car in perfect condition, although perhaps only after the dealer corrects some factory errors, and so far I haven't owned a lemon that couldn't be fixed completely in one or two tries.

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