Quote:
Originally Posted by Xist
...Fun fact: Let's say I financed a 2000 Civic HX when it was new. I would have spent $14,000 for the car, a fraction as much in repairs, and excluding collisions, might still be driving the same vehicle!....
|
I live that fun fact: 1998 Civic DX, purchased 2001, $11K... I have done all the repairs/maintenance for nearly seven years now. 253,000 miles and highly reliable and ~60 mpg.
Avoiding depreciation, costlier insurance, and interest payments is even more powerfully good for the bottom line when you do the repairs yourself. I do all repairs/maintenance on my wife's 2010 Suby now, too.
But to do this, you have to let go of the vain "car-as-status-symbol" B.S. most people buy into...