Posted by Steven f/AZ on September 09, 2008 at 13:02:18 from (216.67.213.217):
In Reply to: OT- economy and cars posted by 26Red on September 09, 2008 at 10:26:37:
Looked at buying a new Honda Accord a couple weeks ago. By cleaning out what money I have put away and trading my current Accord in, the payments would be right around $300 per month, plus increased insurance premium. Gas mileage on the new ones is about the same as what I have now, tires and brakes still wear out on the new ones, etc.
Both of our vehicles are paid for - a 97 Dodge Grand Caravan with 62k miles on it and a 01 Honda Accord with 112k miles on it. I enjoy opening the safe every now and then and admiring the titles - nice to own something free and clear.
When the cost of repairs for these vehicles exceeds $200 per month over the course of a year ($2400 total in one year), then I'll start thinking about purchasing a newer vehicle. :)
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