Upgrading to a new(er) car for shallow reasons...

  • Posted by a hidden member.
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    Jun 18, 2013 11:48 PM GMT
    I never make topics like this, but I do have something on my mind.

    I have been working throughout this past year and especially this summer to pay off some old debts and free up some income so that I can make some "upgrades" to my life.

    I am really considering a new or newer car. I drive a 2003 Honda Element. It just rolled over the 100K mark. It still has a lot of life in it left. It has a banged in door, but other than that it looks good.

    However, I am not sure that this car matches where I am at in my life and career now. I do not normally consider myself someone who is big on status symbols.

    Anyway, I am torn. I guess what I'm wondering is if anyone else has felt that way before?

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    Jun 19, 2013 12:10 AM GMT
    You work very hard and it sounds like you have a lot on your plate these days with your job. I think there's nothing wrong at all with treating yourself.

    Also, from a practical standpoint, it might be a decent time to consider upgrading anyway. At 10 years old, your car will probably start getting to that point soon where it starts requiring more regular repairs.

    With my last car, I intended to drive that baby into the ground. It was about 9 years old and drove fine. All of a sudden, seemingly overnight, the brakes needed repairing, the electrical system started having problems, my car would rattle when I went over 50mph and (the final straw), the whole ignition system went belly up. It's better to replace it while its still reliable (and you can get a good trade-in) than waiting for the trouble to start.

    I say treat yourself Mr. Quest! icon_biggrin.gif
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    Jun 19, 2013 12:35 AM GMT
    when i got promoted and had a fatter paycheck, i upgraded my truck. it was a total impulse purchase. i don't regret it...but i'm running this frontier into the ground, even if its 20 years from now lol.
  • Timbales

    Posts: 13993

    Jun 19, 2013 12:36 AM GMT
    Depends, really. Do you enjoy driving it?
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    Jun 19, 2013 1:37 AM GMT
    I'm a car guy. So status doesn't mean anything to me. I get the car that's the most fun to drive, and fits my lifestyle, and within my budget.

    Can you keep the Element and get a new car? Or are you planning to sell/trade it and use the money for the new car? The Element is so practical, I think it would be handy to have around.

    This might sound lame, but I say get the new Honda Accord V6. Honda really did a great job in the new model. It's so stylish and sporty looking. It's almost like an entry level luxury car. If I were in the market for a stylish people mover, I'd get one for sure.

    gal_lg4.jpg

    gal_lg5.jpg

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    Jun 19, 2013 1:53 AM GMT
    xrichx said

    Can you keep the Element and get a new car? Or are you planning to sell/trade it and use the money for the new car? The Element is so practical, I think it would be handy to have around.




    I actually tried this and I don't know if I would recommend it. Extra insurance is required and you need the space to store two cars. In the end, I found myself driving the new car while the other just gathered dust.

    The situation might be different if you have a couple very different vehicles, like a sedan and a pickup truck, where both have their unique uses.

    (Can't tell you how many times during a typical summer I find myself wishing I owned a truck!)
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    Jun 19, 2013 2:20 AM GMT
    Not me. I'm a skinflint. Aren't Hondas and Toyotas good for about 200k miles? I'd drive that sucker into the ground. I wouldn't consider replacing it until things under the hood started needing replacing.

    Another thing you can do, which some may find an odd idea, is save up for the new car so that you can buy it outright and not make any payments. What a concept, eh? I did that with my last truck. It was so nice not making payments.

    But that truck is gone and now I'm car free; just a bicycle. Now I'm really saving money. But I can tell you that it's definitely not convenient, especially when you live in the burbs. If I lived in San Francisco it would be a piece of cake.

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    Jun 19, 2013 10:30 AM GMT
    Thanks everyone. It's all good thoughts.

    I think what sparked this was rolling over the 100K mark. I know Honda's are good for 200-300k, but I am thinking trading up while it has more value may be the way to go. Especially while interest rates are so low.

    I wouldn't keep the Element because I can't afford insurance and maintenance on 2 vehicles, but I likely would get another SUV type vehicle - maybe a newer Element or a CRV.

    2003 was the first year they made Elements and there are some features missing from the newer ones that I would like - a center console and arm rests being among the top. I have always been very satisfied with my car. I am just thinking it may be time to level-up a bit.

    Anyway, thanks again.
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    Jun 19, 2013 12:04 PM GMT
    I understand your feelings of being torn and I think you should go for it since it'll make you happy! But...after reading your original post, I'm recommending that you make sure your current debts are depleted before you take on a new one. You also said in your 2nd reply that you can't afford two cars with the maintenance and insurance but I believe that once you eliminate your current debt, then you'll be at a good position to replace your current car for a new one.

    So let me get off my Suze Orman soapbox and say that when you do buy your new car, be sure to post a picture with you in your new wheels! We want to see how stylish The Quest can really be! icon_biggrin.gif
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    Jun 19, 2013 12:17 PM GMT
    xrichx saidI'm a car guy. So status doesn't mean anything to me. I get the car that's the most fun to drive, and fits the lifestyle, and within my budget.



    This very much actually.
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    Jun 19, 2013 12:58 PM GMT
    I try my best not to go off topic..

    My Best friend has a similar feeling.
    He has a nice watch and good spectacles.

    But he doesn't like it (those are around a year old and both doesn't look old), he felt he got bored by those and want to buy new ones & this time a much more expensive watch...he said to me...he even saved money to buy himself a watch.

    But when I asked him..."why do you want to buy a new one when the one you already have if perfectly fine?"
    He replied that he liked a new watch (which costs more than 300$)

    But, what's the purpose of a watch?
    to show time, right!...and some models even show date.(expensive or cheap watch, all shows the same time. we only need to buy a new one when the one we already have is damaged.)

    "Why waste money on new watch? Why don't you use that money for charity?" I asked him
    "I donate 2$ every month to charity" he replied. (I know that's a stupid answer)

    From this, I understand that he was spending more of his life for getting attention from others with latest materials he possess...but those attentions are only temporary.

    My advice, buy only when you need one. not for anything else.
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    Jun 19, 2013 1:13 PM GMT
    Oh one other reason that I am considering this now - when I bought this car, I was coming out of a bankruptcy, my credit had reset, but my score wasn't fantastic. I had gotten a better job and could easily afford the payments, but getting the loan was the problem.

    So, the car loan was a joint in mine and my dad's name with my dad's name first. The title is also in his name first. I am really trying to get anything related to me and my property in my name only.

    Thanks again for everyone's comments.
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    Jun 19, 2013 1:30 PM GMT
    TheQuest saidI drive a 2003 Honda Element. It just rolled over the 100K mark. It still has a lot of life in it left. It has a banged in door, but other than that it looks good. However, I am not sure that this car matches where I am at in my life and career now...anyone else has felt that way before?

    So, the car loan was a joint in mine and my dad's name with my dad's name first. The title is also in his name first. I am really trying to get anything related to me and my property in my name only.


    I've been driving my current vehicle for a year and a half. It's the sixth car I've driven since I was 17 - I'm now 50 - so, no, I've never felt that way.

    Your dad can give you his interest in your car, and then you can have the car retitled in your name only.
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    Jun 19, 2013 3:56 PM GMT
    Hmm... I'm 51 and still driving the third car I ever had. Someday, it might be nice to upgrade to something made in this century...

    I'm going through the process of trying to re-title the farm truck that is still in my Dad's name (he passed away several years ago.) Only the freakin regulations have expanded so much since we bought that truck icon_surprised.gif Looks like I'll spend more time doing government paperwork than actually driving it. Now I'm up to submitting a plan to DOT on how I'll drug test myself before I drive it each month. Just about ready to sell the damned thing and do without one.
  • Posted by a hidden member.
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    Jun 19, 2013 4:40 PM GMT
    TheQuest said I drive a 2003 Honda Element.

    However, I am not sure that this car matches where I am at in my life and career now. I do not normally consider myself someone who is big on status symbols.

    Anyway, I am torn. I guess what I'm wondering is if anyone else has felt that way before?



    Do you really care what other people think of your next car purchase? I wouldn't spend a minute on that, but instead get whatever suits YOU. If you're tired of a little cheap car and want something else - go for it. Get whatever fits your life and will be a good, well built, strong car that will last you as long as you want it.

    I'm a guy who hasn't had all that many cars. I research the kind of car I'm thinking of and then get the best one I can find. I find if I do my homework and get only cars I really like, I'm better off and don't get tired of the car later. My pics show my cars, and they are not new - but are very well built and I still feel the same way about them as I did when I first got them.

    I hope whatever you buy will make you happy with the purchase, Too many guys don't choose well, and then in a few years they're bored and annoyed with their cars. Don't let that happen.
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    Jun 19, 2013 4:45 PM GMT
    Aristoshark said

    I drive a Yaris (#tincanonwheels) because in this day of insane gas prices it gets nearly 40 miles to the gallon.


    I don't own a car, mostly get around on bike, but I have to rent frequently for work and to leave town for outdoor adventure. I freakin' love when the rental agency gives me a Yaris! It's efficient and only a little bigger than a bike so I can maneuver it with ease.
  • rnch

    Posts: 11524

    Jun 19, 2013 4:49 PM GMT
    Next to wacking off, my cars and my house are my favorite forms of instant gratification.



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    Jun 19, 2013 5:14 PM GMT
    xrichx saidI'm a car guy. So status doesn't mean anything to me. I get the car that's the most fun to drive, and fits my lifestyle, and within my budget.

    Can you keep the Element and get a new car? Or are you planning to sell/trade it and use the money for the new car? The Element is so practical, I think it would be handy to have around.

    This might sound lame, but I say get the new Honda Accord V6. Honda really did a great job in the new model. It's so stylish and sporty looking. It's almost like an entry level luxury car. If I were in the market for a stylish people mover, I'd get one for sure.

    gal_lg4.jpg

    gal_lg5.jpg



    Better yet, get the new 2014 PIMPala LTZ

    http://www.motortrend.com/roadtests/sedans/1303_2014_chevrolet_impala_first_drive/photo_09.html

    More stylish, IMO, that any Toyohonda and it doesn't hurt to support the home team. If I was in the market for a stylish large front driver, I'd get one for sure,
  • Posted by a hidden member.
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    Jun 19, 2013 5:18 PM GMT
    But still ..... I'd put my money into something way more stylish and much more fun

    http://www.motortrend.com/classic/roadtests/12q2_1962_chevrolet_impala_ss403_vs_1963_ford_galaxie_500/photo_01.html
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    Jun 19, 2013 5:24 PM GMT
    If you are serious about buying American products (and I am), I would recommend looking online to find a resource that tells you how much of your car was manufactured domestically. Among the big automakers, there really is very little relationship between the company ownership and where it was actually produced.
  • rnch

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    Jun 19, 2013 5:32 PM GMT
    CFL_Oakland saidIf you are serious about buying American products (and I am)....


    My current Toyota Camry was assembled in The United State of America and has enough "domestic content" to be considered "American Made".

    My last Mercury Grand Marquis, a "cop car" look alike,was assembled NOT in America...but in Canada.

    Which one is the "American" car?



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  • Posted by a hidden member.
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    Jun 19, 2013 5:32 PM GMT
    CFL_Oakland saidIf you are serious about buying American products (and I am), I would recommend looking online to find a resource that tells you how much of your car was manufactured domestically. Among the big automakers, there really is very little relationship between the company ownership and where it was actually produced.


    Domiciled in America.

    Don't need online resources. GM, Ford or Chrysler product ... period.
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    Jun 19, 2013 5:33 PM GMT
    rnch said
    CFL_Oakland saidIf you are serious about buying American products (and I am)....


    My current Toyota Camry was assembled in American and has enough "domestic content" to be considered "American Made".

    My last Mercury Grand Marquis, a "cop car" look alike,was assembled NOT in America...but in Canada.

    Which one is the "American" car?



    The Ford.
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    Jun 19, 2013 5:41 PM GMT
    rnch said
    CFL_Oakland saidIf you are serious about buying American products (and I am)....


    My current Toyota Camry was assembled in The United State of America and has enough "domestic content" to be considered "American Made".

    My last Mercury Grand Marquis, a "cop car" look alike,was assembled NOT in America...but in Canada.

    Which one is the "American" car?



    icon_confused.gif


    I think that was precisely the point I was making...
  • rnch

    Posts: 11524

    Jun 19, 2013 5:43 PM GMT
    freedomisntfree said
    rnch said
    CFL_Oakland saidIf you are serious about buying American products (and I am)....


    My current Toyota Camry was assembled in The United States of America and has enough "domestic content" to be considered "American Made".

    My last Mercury Grand Marquis, a "cop car" look alike,was assembled NOT in America...but in Canada.

    Which one is the "American" car?



    The Ford.





    I suspect that the residents of the mid-western American town of Lafayette, Indiana (the assembly point of my 2011 Toyota Camry) will disagree with you.

    As would the residents of Marysville, Ohio, the assembly city of the equally superlative Honda Accord.



    icon_idea.gif