Go Back   EcoModder Forum > EcoModding > General Efficiency Discussion
Register Now
 Register Now
 

Reply  Post New Thread
 
Submit Tools LinkBack Thread Tools
Old 11-14-2017, 07:15 PM   #1 (permalink)
(:
 
Frank Lee's Avatar
 
Join Date: Jan 2008
Location: up north
Posts: 12,223

Blue - '93 Ford Tempo
Last 3: 27.29 mpg (US)

F150 - '94 Ford F150 XLT 4x4
90 day: 18.5 mpg (US)

Sport Coupe - '92 Ford Tempo GL
Last 3: 69.62 mpg (US)

ShWing! - '82 honda gold wing Interstate
90 day: 33.65 mpg (US)

Moon Unit - '98 Mercury Sable LX Wagon
90 day: 21.24 mpg (US)
Thanks: 1,413
Thanked 3,050 Times in 1,943 Posts
6.3M Duhmericans late on their vehicle payments

https://www.washingtonpost.com/news/...=.60590b7e3a84

Quote:
...The average car loan is about $30,000, according to credit company Experian, compared with over $220,000 for the average home loan, the National Association of Realtors says. Still, economists and Wall Street bankers have been keeping watch on how many people are having trouble paying their car loans because they believe it's an early warning sign of economic distress...

__________________


  Reply With Quote
Alt Today
Popular topics

Other popular topics in this forum...

   
Old 11-14-2017, 09:54 PM   #2 (permalink)
EV convert
 
oil pan 4's Avatar
 
Join Date: Jul 2011
Location: NewMexico (USA)
Posts: 5,671

Sub - '84 Chevy Diesel Suburban C10
SUV
90 day: 19.5 mpg (US)

camaro - '85 Chevy Camaro Z28

Riot - '03 Kia Rio POS
Team Hyundai
90 day: 30.21 mpg (US)

Bug - '01 VW Beetle GLSturbo
90 day: 26.43 mpg (US)

Sub2500 - '86 GMC Suburban C2500
90 day: 11.95 mpg (US)

Shocker - '11 Nissan Leaf SL
SUV
90 day: 130.42 mpg (US)
Thanks: 129
Thanked 1,406 Times in 1,040 Posts
Never had a vehicle that I had to barrow money to buy.
__________________
1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
2011 leaf SL, white 240v evse mod, trailer hitch, new batt as of 2014.
  Reply With Quote
The Following User Says Thank You to oil pan 4 For This Useful Post:
Ecky (11-15-2017)
Old 11-14-2017, 10:42 PM   #3 (permalink)
It's all about Diesel
 
cRiPpLe_rOoStEr's Avatar
 
Join Date: Oct 2012
Location: Porto Alegre, Rio Grande do Sul, Brazil
Posts: 6,458
Thanks: 0
Thanked 634 Times in 562 Posts
Seems like the same problem we see here in Brazil, when certain folks get a car much more expensive that they could comfortably afford the monthly payments just to show-off. Well, I've already met some people who are actually rich but daily-drive simpler beaters that are fully paid-off and less expensive overall to keep running.
  Reply With Quote
Old 11-14-2017, 11:53 PM   #4 (permalink)
Master EcoModder
 
Join Date: Jun 2008
Location: Earth
Posts: 5,021
Thanks: 216
Thanked 748 Times in 546 Posts
Quote:
Originally Posted by oil pan 4 View Post
Never had a vehicle that I had to barrow money to buy.
I did once, back in the late '70s (though to be fair it was a work truck). Learned my lesson first time around.

Nowadays all 3 vehicles weren't even half that average car loan. Heck, not even if you add in the horse :-)
  Reply With Quote
Old 11-15-2017, 03:18 AM   #5 (permalink)
Master EcoModder
 
Stubby79's Avatar
 
Join Date: Sep 2012
Location: Victoria, BC
Posts: 1,061

'91 Miata - '91 Mazda Miata
90 day: 27.11 mpg (US)

'86 Fiero GT - '86 Pontiac Fiero GT

Purple Penny Pincher - '95 Pontiac Firefly Base
90 day: 43.68 mpg (US)

Jett-Black - '01 Volkswagen Jetta
90 day: 39.32 mpg (US)

Firefly EV - '98 Pontiac Firefly EV
90 day: 107.65 mpg (US)

Little Boy Blue - '05 Toyota Echo
90 day: 32.25 mpg (US)
Thanks: 39
Thanked 302 Times in 226 Posts
I might be nearing $30k on all the vehicles I've ever owned in the past 20 years...could have done it cheaper, if I didn't get bored of 'em after 6 months.
__________________

  Reply With Quote
The Following User Says Thank You to Stubby79 For This Useful Post:
Daox (11-15-2017)
Old 11-15-2017, 05:14 AM   #6 (permalink)
Furry Furfag
 
Baltothewolf's Avatar
 
Join Date: Nov 2013
Location: Apple Valley
Posts: 2,070

Winsight - '00 Honda Insight
90 day: 56.86 mpg (US)

Miaderp - '95 Mazda Miata
90 day: 28.53 mpg (US)
Thanks: 67
Thanked 382 Times in 293 Posts
That's crazy. I have borrowed money for one car, my Miata. And I only borrowed the money for 24 hours from my little brother because my insurance payoff check was pending in my bank account. I hate owing money to anyone. And I hate paying interest even more.
__________________

  Reply With Quote
The Following 3 Users Say Thank You to Baltothewolf For This Useful Post:
Ecky (11-15-2017), jamesqf (11-15-2017), Xist (11-23-2017)
Old 11-15-2017, 11:47 AM   #7 (permalink)
Rat Racer
 
Fat Charlie's Avatar
 
Join Date: May 2011
Location: Route 16
Posts: 3,052

Al the Third, year four - '13 Honda Fit Base
Team Honda
90 day: 42.9 mpg (US)
Thanks: 1,067
Thanked 1,184 Times in 766 Posts
Quote:
Originally Posted by oil pan 4 View Post
Never had a vehicle that I had to barrow money to buy.
__________________

Quote:
Originally Posted by sheepdog44 View Post
Transmission type Efficiency
Manual neutral engine off.100% @MPG <----- Fun Fact.
Manual 1:1 gear ratio .......98%
CVT belt ............................88%
Automatic .........................86%

  Reply With Quote
The Following 3 Users Say Thank You to Fat Charlie For This Useful Post:
Frank Lee (11-15-2017), vskid3 (11-15-2017), Xist (11-23-2017)
Old 11-15-2017, 05:02 PM   #8 (permalink)
Master EcoModder
 
Join Date: May 2012
Location: Indiana
Posts: 1,323

Traverse 2LT FWD - '12 Chevrolet Traverse 2LT
90 day: 21.2 mpg (US)

Volt, gas only - '12 Chevrolet Volt Premium
90 day: 41.42 mpg (US)

Volt, electric only - '12 Chevrolet Volt Premium
90 day: 132.59 mpg (US)
Thanks: 119
Thanked 276 Times in 183 Posts
We only owe on one car right now, it's our third car loan with only a few years left on it. From now on I think I will be buying cheaper cars, maybe find ones that have more miles and nobody wants.
__________________




  Reply With Quote
Old 11-15-2017, 05:10 PM   #9 (permalink)
Administrator
 
Daox's Avatar
 
Join Date: Dec 2007
Location: Germantown, WI
Posts: 10,552

CM400E - '81 Honda CM400E
90 day: 39.62 mpg (US)

Daox's Grey Prius - '04 Toyota Prius
Team Toyota
90 day: 49.53 mpg (US)

Daox's Insight - '00 Honda Insight
90 day: 64.33 mpg (US)

Swarthy - '14 Mitsubishi Mirage DE
90 day: 41.67 mpg (US)
Thanks: 1,978
Thanked 2,112 Times in 1,292 Posts
I do the opposite. I tend to go with older cars, but find them with low miles.
__________________
Current project: Heating the manual trans with engine coolant
  Reply With Quote
The Following User Says Thank You to Daox For This Useful Post:
freebeard (11-18-2017)
Old 11-15-2017, 09:42 PM   #10 (permalink)
Ol' Skooler
 
Join Date: Jul 2009
Location: Tyler, TX
Posts: 972

Beater Echo - '00 Toyota Echo
Team Toyota
90 day: 42.67 mpg (US)

Hondizzle - '97 Honda Civic DX
Team Honda
90 day: 48.06 mpg (US)
Thanks: 47
Thanked 131 Times in 109 Posts
Payments aren't great, but they aren't bad if you don't get tempted by the flash and dash.

Good credit helps too.

They lowered my payments by $20 a few weeks after buying my wife's van. The explanation was vague but apparently it was related to a revision of my risk assessment.

Also I don't feel that very many people actually realize anymore what maintenance and repairs run. Just because you can afford the car, doesn't mean you can afford the car. A $15k BMW is a very different animal from a $15k Accord.

__________________



'97 Honda Civic DX Coupe 5MT
'00 Echo - dead 2/17
'14 Chrysler Town + Country - the better half's car
'67 Mustang Convertible - gone 1/17
  Reply With Quote
Reply  Post New Thread


Thread Tools




Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.5.2
All content copyright EcoModder.com