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Indeed. Simple formula for minimizing car expenses: Buy a used (3-5 yr old) Honda or Toyota sedan. Drive it until total annual cost of repairs exceeds the cost
by msluyter 17y ago
Indeed. Simple formula for minimizing car expenses: Buy a used (3-5 yr old) Honda or Toyota sedan. Drive it until total annual cost of repairs exceeds the cost of another used Honda/Toyota, and/or it falls apart. Repeat.
- yan 17y agoThat's the most economical way to own a car, sure, but there is opportunity cost to driving something you don't enjoy when you're young enough to enjoy it. If you don't care about cars or driving, this is the best option, but if you do, it might not hurt to spend a few extra dollars on something you'd actually enjoy.
- ibsulon 17y agoThat's raising my level of ramen profitibility, no thank you.
- jpwagner 17y agoNot agreeing or disagreeing with OP, but ramen profitibility sucks if your life sucks...
- garethm 17y agoI know someone who drives a Ferrari and really enjoys it - and he's nearly 50. You've got to be pretty old before you're too old to enjoy driving a nice car.
- nazgulnarsil 17y agoI have a $2k motorcycle for fun, the equivalent car would cost $50k (performance wise). That way I don't think about my econobox commuter car.
- lallysingh 17y agoDrive it until the total annual cost of [repairs, inconvenience of breakdown, time lost due to failed vehicle] exceeds the cost of another used Honda/Toyota. As someone who remembers their first high-school vehicle too well, there's value in a level of reliability.
- ido 17y agoOr, if applicable, take the subway/tram/train/bus/bike.
- imajes 17y agoUntil the crucial meeting with your first customer/investor/partner happens and you're stuck on the side of the road waiting for AAA. Seriously, it's not always just about spending the least.