Go Back   EcoModder Forum > Classifieds > For Sale
Register Now
 Register Now
 

Reply  Post New Thread
 
Submit Tools LinkBack Thread Tools
Old 02-03-2015, 06:07 PM   #11 (permalink)
.........................
 
darcane's Avatar
 
Join Date: Aug 2009
Location: Buckley, WA
Posts: 1,586

Ninja 650R - '06 Kawasaki Ninja 650R
90 day: 52.02 mpg (US)

B*tch - '01 Honda Civic HX
Team Honda
90 day: 38.09 mpg (US)

Ms. Hyde - '06 Cadillac CTS V
Sports Cars
90 day: 16.93 mpg (US)
Thanks: 375
Thanked 480 Times in 311 Posts
Quote:
Originally Posted by spacemanspif View Post
What money? He is planning (hoping) to sell the Cruz for $10.5k, use the money to pay off Cruz and take the rest to buy a Honda outright. Leaving little, if anything, left to be invested. I'm not one to wheel and deal cars and would rather have a car I know the service history on than take a step backward into an older car that could result in becoming a money pit. I say stay the course, especially since the Chevy shouldn't cost you anything in maintenance for a long while. Higher insurance does suck, have you tried shopping around for a new company lately?
He still has $7000 to pay on the Cruze, plus interest. I assume that is the money that could be invested...

That will go a long ways towards maintaining the old car. Plus, with no loan, he is not required to have full coverage insurance for further cost savings.

I had car payments once and hated it. Loans on rapidly depreciating assets are awful financially. Never again.

That said, maintaining old cars is certainly not for everyone.

__________________
2001 Civic HX Mods


Past Cars:
CTS-V

2003 Silverado Mods
  Reply With Quote
The Following 2 Users Say Thank You to darcane For This Useful Post:
Fat Charlie (02-04-2015), mikeyjd (02-03-2015)
Alt Today
Popular topics

Other popular topics in this forum...

   
Old 02-03-2015, 06:29 PM   #12 (permalink)
EcoModding Lurker
 
OBD1Kenobi's Avatar
 
Join Date: Oct 2014
Location: Southeastern Wisconsin
Posts: 70
Thanks: 14
Thanked 6 Times in 6 Posts
Everyone is going to have their own opinion of what you should do, but the only opinion that really matters is yours. Make a list of all of the pro's and con's of both situations and weigh your options based on that. If you want to know anything about a car that you may have in mind as a replacement for the Cruze, this is a great place to get that information. The people here can help you take a look at their personal long term maintenance costs of some of the types of cars you may be thinking of and you can use that information to help make your decision.

Good luck with your decision.
  Reply With Quote
Old 02-03-2015, 07:20 PM   #13 (permalink)
Master EcoModder
 
mikeyjd's Avatar
 
Join Date: Mar 2013
Location: Grand Rapids, MI
Posts: 838

Matchbox - '93 Ford Festiva L
Team Ford
Last 3: 70.16 mpg (US)

Salamander - '99 Chrysler Concorde LXI
Team Dodge
90 day: 30.3 mpg (US)

Urquhart - '97 Toyota Tacoma 4x4 V6 3.4L DLX
Pickups
90 day: 25.81 mpg (US)

Smudge - '98 Toyota Tacoma
90 day: 40.65 mpg (US)

Calebro - '15 Renault Trafic 1.25 dci
90 day: 39.39 mpg (US)
Thanks: 1,380
Thanked 209 Times in 155 Posts
Quote:
Originally Posted by darcane View Post
He still has $7000 to pay on the Cruze, plus interest. I assume that is the money that could be invested...

That will go a long ways towards maintaining the old car. Plus, with no loan, he is not required to have full coverage insurance for further cost savings.

I had car payments once and hated it. Loans on rapidly depreciating assets are awful financially. Never again.

That said, maintaining old cars is certainly not for everyone.
Good point on the full coverage insurance savings thats what another 1k per year?
  Reply With Quote
Old 02-03-2015, 09:42 PM   #14 (permalink)
Master EcoModder
 
Join Date: Jan 2011
Location: na
Posts: 1,025
Thanks: 277
Thanked 217 Times in 184 Posts
He's already lost (WAG)$7-10000 in depriciation, done and gone, the only way to get it back is to keep it a long, spread that deprication out over 15-20 years, not a big deal, own a car since new or almost, know the history, know the maintenace, maybe not pricesless but hard to put a price on.

One of the worst finicancial mistakes I made wasn't buying a 2002 Montero Sport, but trading it off with only 55,000 miles. If my wife was still driving it today it would have been a good choice.
  Reply With Quote
Old 02-03-2015, 09:59 PM   #15 (permalink)
Not Doug
 
Xist's Avatar
 
Join Date: Jun 2012
Location: Show Low, AZ
Posts: 10,755

Chorizo - '00 Honda Civic HX, baby! :D
90 day: 35.35 mpg (US)

Mid-Life Crisis Fighter - '99 Honda Accord LX
90 day: 33.43 mpg (US)

Gramps - '04 Toyota Camry LE
90 day: 33.15 mpg (US)
Thanks: 7,021
Thanked 2,007 Times in 1,531 Posts
I actually enjoy fixing things, I just wish that I could afford it better! According to Blue Book, the value of my Civic was below $2,000 and I paid twenty-seven hundred. Over a thousand more is difficult to accept, but that had a great deal of work done to it. The dealership showed me a list of parts that they replaced on my Forester before I purchased it. Then my battery died and hoses and tires started rotting.

I still regret not having a full inspection done before purchasing my first car almost fifteen years ago. The cars that I had inspected did pretty well. I do not know what to think about Bacon, I remember specifically looking at the tires before purchasing, but one year later they started failing from dry rot.

How much less would you pay for insurance? Honestly, I think that is the most important detail. You really should be able to trust the Civic's engine, but there are plenty of other components, like the transmission, that are not necessarily worth fixing or replacing.

Quote:
must see
We would love to! Where are the pictures?!
  Reply With Quote
Old 02-03-2015, 11:33 PM   #16 (permalink)
Master EcoModder
 
Join Date: Jan 2009
Location: USA
Posts: 257

Winsight - '06 Honda Insight
Gen-1 Insights
90 day: 72.19 mpg (US)
Thanks: 236
Thanked 82 Times in 58 Posts
I for one wouldn't buy that hx you posted. When there is a massive repair/maintenance job like that engine replacement, you have no assurance of how well it was done or if they're even telling the truth about the engine. People, even professionals often make mistakes. Stripped threads, wrong clearances, wrong torque values, using cheap parts, basically the whole 9.

But I'm all for beaters! Like the youtube show Roadkill (amazing show, check it out if you haven't seen it) I flock to beaters. If you're into saving money and not maximum mpg, that's where it's at. People will sell running cars for sometimes as much or less than scrap value. Then you drive for free. I paid $220 for my 1998 neon in 2007, it had 115k miles and a bad automatic transmission. It also was modified. I sold off the wheels, lowering springs, and cold air intake to end up with a free car. I then swapped in a five speed for under $100 thanks to a popular junkyard chain and it ran great! Over the years I have put more money into it, but nothing crazy. I even did the timing belt and water pump for $40 thanks to an ebay deal. It was a Pittsburgh car, I did the fuel line, evap line, and all brake lines with new fluid for $30 including one man bleeders. Rust free lines for under $2/ea at the junkyard.
Including replacing the seats, interior panels, major maintenance stuff but excluding oil/gas/taxes/tires I have less than $500 into the car. Over 8 years and 70k miles.


If you're going to buy a beater, be extreme and turn a wrench!

On the other hand, I think the Cruze is an incredibly nice car. Great safety, pretty good mpg, quiet and pretty big for a one person commuter. I would not recommend a cheap car to someone who can not do their own repairs.
  Reply With Quote
The Following User Says Thank You to fusion210 For This Useful Post:
ME_Andy (02-03-2015)
Old 02-03-2015, 11:42 PM   #17 (permalink)
Master EcoModder
 
Join Date: Jan 2009
Location: USA
Posts: 257

Winsight - '06 Honda Insight
Gen-1 Insights
90 day: 72.19 mpg (US)
Thanks: 236
Thanked 82 Times in 58 Posts
Quote:
Originally Posted by roosterk0031 View Post
Why would a 96 Honda have 5 years life and a Cruze only 10 years. No reason the Cruze won't last 20 years 300,000 miles. I had a 03 Malibu that was running strong minimal repairs(under $1,000) to 265,000 when wrecked a couple years ago.

How much are you going to budget for the Honda's replacement in 5 years?

If you have the 1.4 turbo, a few mail order parts and tune can bump the performance. 1.8 not sure what you can do.
Aside from a major design flaw or bad luck, I have total faith in the longevity of cars built since 2000. 150k miles should be nothing.

In the past and current, keeping a car with high miles has been good times. But with the incredible advances in safety and efficiency, I think those days are over for cars made today. Electric cars are making good leaps, both in efficiency and lower prices. It's just going to be a matter of time when gas is high again and electric cars are cheaper to drive.
  Reply With Quote
The Following User Says Thank You to fusion210 For This Useful Post:
ME_Andy (02-03-2015)
Old 02-03-2015, 11:42 PM   #18 (permalink)
Growin a stash
 
Join Date: Jun 2014
Location: Austin TX
Posts: 707
Thanks: 388
Thanked 253 Times in 188 Posts
Thanks guys. I'm gonna talk to my significant other and see if she has strong opinions. I'll probably just keep the Cruze for now. There's a cherry G1 Insight in Texas for $6000-some that will be attractive after I pay off a few more thou.
__________________


2015 Nissan Leaf S, 164 mpge
  Reply With Quote
Old 02-03-2015, 11:43 PM   #19 (permalink)
Master EcoModder
 
Join Date: Jan 2009
Location: USA
Posts: 257

Winsight - '06 Honda Insight
Gen-1 Insights
90 day: 72.19 mpg (US)
Thanks: 236
Thanked 82 Times in 58 Posts
I think you're on the right track though. If I was you, I'd keep hunting autotrader.com, ebay, and craigslist for a deal.
  Reply With Quote
Old 02-04-2015, 01:53 PM   #20 (permalink)
Rat Racer
 
Fat Charlie's Avatar
 
Join Date: May 2011
Location: Route 16
Posts: 4,150

Al the Third, year four - '13 Honda Fit Base
Team Honda
90 day: 42.9 mpg (US)
Thanks: 1,784
Thanked 1,919 Times in 1,246 Posts
Quote:
Originally Posted by spacemanspif View Post
What money? He is planning (hoping) to sell the Cruz for $10.5k, use the money to pay off Cruz and take the rest to buy a Honda outright. Leaving little, if anything, left to be invested.
The money that he's currently giving the bank every month. At the moment he has a car and has to make monthly payments on a loan with $7k in principal. After this swap he'll own a car... and not have any payments to make. Other costs will go down too.

That's not even a wash, it's a win. If he can sock away that same payment every month then instead of disappearing into the car he already drives, it'll be a pile of cash that he owns outright. It can go towards repairs if needed or eventually turn into a newer car, a pretty nice trick.

Or he can keep writing a check every month for the Cruze.

__________________

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
Reply  Post New Thread


Thread Tools




Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.5.2
All content copyright EcoModder.com