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  1. #71
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    Quote Originally Posted by wannawannabe View Post
    this isn't directed personally towards you, but I am wondering why a 6 year old car is "falling to bits". It seems to be a common theme in this thread.....

    my my old car was 12 years old when I got it and 18 years old when I ended up getting my new car....... It was definitely at the end of its life by then!
    If six year-old cars are falling to bits then perhaps older cars are better after all! My car is 15 yrs old and gives me no trouble at all! I've spent very little on it. I keep expecting it to die but it never happens...It's sturdy as and starts instantly every time, Haha

    ETA Actually my mechanic told me cars are not built to last these days like they used to be, the parts don't last as long (not to mention batteries that used to last ten years!).
    Last edited by Ellewood; 06-05-2014 at 18:07.

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    LoveLivesHere  (06-05-2014)

  3. #72
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    Quote Originally Posted by Fleetwood View Post
    If six year-old cars are falling to bits then perhaps older cars are better after all! My car is 15 yrs old and gives me no trouble at all! I've spent very little on it. I keep expecting it to die but it never happens...It's sturdy as and starts instantly every time, Haha

    ETA Actually my mechanic told me cars are not built to last these days like they used to be, the parts don't last as long (not to mention batteries that used to last ten years!).
    Lol if I paid $45,000 just for my car to break down in 6 years time and cost a bucket load to fix at a mechanic I'd be pretty sh**ty.

    My $2500 '92 Toyota Camry has been mine do 3 years and I've yet to be stuck on the side of the road with bolts falling off... DF services it, insurance is cheap, cheap to fix, plenty at the wreckers, big boot and tows a trailer... our only 'big expense' is rego. Would I like a new car? Obviously, but until I can pay for it without a bank's help my Camry is perfect. Not that anyone shouldn't finance a car, if you want to and can afford it go for it. I just see it as an unnecessary debt for us.

  4. #73
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    Quote Originally Posted by IvyRain View Post
    Do you know how much a 68 Pontiac is worth? Maybe it's his passion and he sees it as somewhere worthy to spend his money.

    I agree with Fleetwood on one point and that's "each to their own"
    No I don't, I can't remember what he paid for it as it was about 8 years ago. But yes, my brother is passionate about cars. He became a mechanic and has always had an interest cars for as long as I can remember. But he has spent way more on it than he actually bought but for. When he bought it, there were so many things that needed fixing and the parts didn't come cheap. I think some had to be imported.

  5. #74
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    Quote Originally Posted by callmedragon22 View Post
    Lol if I paid $45,000 just for my car to break down in 6 years time and cost a bucket load to fix at a mechanic I'd be pretty sh**ty.

    My $2500 '92 Toyota Camry has been mine do 3 years and I've yet to be stuck on the side of the road with bolts falling off... DF services it, insurance is cheap, cheap to fix, plenty at the wreckers, big boot and tows a trailer... our only 'big expense' is rego. Would I like a new car? Obviously, but until I can pay for it without a bank's help my Camry is perfect. Not that anyone shouldn't finance a car, if you want to and can afford it go for it. I just see it as an unnecessary debt for us.
    Goodness no you would hope not! Then again, mum has a big diesel 4x4 to tow her horse float, new car purchased 5 yrs ago and endless problems with the car.... My car is a small 4x4 about 25k new. No major issues with it in 15 yrs.

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    Quote Originally Posted by Zombie_eyes View Post
    For those who have massive loans, do u also have a decent amount of spare cash for wiggle room when things happen?

    We wouldnt even get approved for a 10k loan. So i just imagine those who get 20k -30k+ Loans To be so rich!
    My hubby earns 70k pa, our house is only valued at 220k and im sahm we got approved.

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    And yes you can make money off cars. I would gp buy a hot rod, mazda r100, chevorlet and mustang. Just shove them in shed. Lol

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    Not car finance as such but a small personal loan. I tend to get small loans, buy old, but reliable cars, then by the time I've paid out the loan I apply for another and upgrade. The interest doesn't bother me - they are small loans - and I've never paid more than $6,000 for a car. My latest is a 90's Pajero, 7 seater that was immaculately cared for. I adore it! I did a lot of research on redbook etc for safety rating info/fuel efficiency etc. Newer does not necessarily equal better. So many cars are recalled these days for safety issues, what a PITA that would be if you've paid tens of thousands for a new vehicle.

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    Quote Originally Posted by IvyRain View Post
    Do you know how much a 68 Pontiac is worth? Maybe it's his passion and he sees it as somewhere worthy to spend his money.

    I agree with Fleetwood on one point and that's "each to their own"
    i agree. My dh has a Harley Davidson, it's a collectible, only 200 of that model made. It doesn't depreciate in value, it gains value. He will never sell it, it will be passed down to our eldest son.

    My dh had his previous land cruiser for 20 years, he really didn't spend a lot of money on it, he looked after it well. It served us well. He still got a good price for it when he sold it but of course no where near what he paid for it but we had it for 20 years and definitely got our money's worth and good use from it. He sold it 5 years ago and we still see it around town. What I'm saying is we buy descent cars to last us many years so we don't need to think of the depreciating side of buying new.

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    Quote Originally Posted by Kimberleygal1 View Post
    My dh had his previous land cruiser for 20 years, he really didn't spend a lot of money on it, he looked after it well. It served us well. He still got a good price for it when he sold it but of course no where near what he paid for it but we had it for 20 years and definitely got our money's worth and good use from it. He sold it 5 years ago and we still see it around town. What I'm saying is we buy descent cars to last us many years so we don't need to think of the depreciating side of buying new.
    Which is completely different to previous posters talking about how they get a new car every 3-5 years.

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  14. #80
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    No, I try never to have any finance on my cars, I'd only do that in an emergency.


 

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