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!).
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06-05-2014 17:02 #71
Last edited by Ellewood; 06-05-2014 at 17:07.
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06-05-2014 17:23 #72
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.
06-05-2014 17:24 #73
06-05-2014 17:45 #74
07-05-2014 06:14 #75
07-05-2014 06:19 #76
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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07-05-2014 10:14 #77
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.
07-05-2014 11:02 #78
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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07-05-2014 11:14 #79-
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07-05-2014 11:57 #80
No, I try never to have any finance on my cars, I'd only do that in an emergency.
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