Home  Finance Articles  Discussion  Our Blog / Member Blogs           
SavingAdvice.com Logo The SavingAdvice.com millionaire calculator is a fun way to see how long it will take for YOU to become a millionaire.
Teaching you to Save Money

Go Back   Personal Finance Forums > Financial Chit Chat > Personal Finance

Personal Finance Credit cards, home loans, retirement plans and taxes. The place for all your personal finance questions.

Reply
 
LinkBack Thread Tools
  #21 (permalink)  
Old 05-10-2008, 06:54 PM
Seeker Seeker is offline
$ Saving College Sophomore
 
Join Date: Jan 2008
Location: CA
Posts: 750
Points: 3835.00
Donate
Default

Quote:
Originally Posted by disneysteve View Post
How did you come to that conclusion?
I think JC came to that conclusion the same way I did.

Right now there's a multitude of people looking to downsize from 6 and 8 cylinder cars to these 4 cylinder autos -- even if it's a third auto for those times you don't need to cart around a ton of stuff.

I'm just not finding anything under 13k for the 4 cylinder models on several websites now. And the 13k ones that I do find have +60k miles on them.

I think people are snapping up the 4 cylinder Honda/Toyota cars just as soon as they become available; and because the demand is so high, the price for a certified pre-owened is all too close to that $15k for a brand new "0" mile auto!
Reply With Quote
  #22 (permalink)  
Old 05-11-2008, 09:13 PM
jc3900 jc3900 is offline
$ Saving HS Junior
 
Join Date: Feb 2008
Posts: 226
Last Blog Entry: When Colleges Compete, I win!
Points: 1320.00
Donate
Default

Quote:
I'm just not finding anything under 13k for the 4 cylinder models on several websites now. And the 13k ones that I do find have +60k miles on them.

I think people are snapping up the 4 cylinder Honda/Toyota cars just as soon as they become available; and because the demand is so high, the price for a certified pre-owened is all too close to that $15k for a brand new "0" mile auto!
Exactly. I am not saying that used cars arn't a bad deal. I just think that the price for a NEW toyota or honda subcompact is too low to make it worth buying used. I need a car that is going to be very reliable for at the very least 7 years. I don't need anything flashy and all I care about is getting a lot of bang for my buck. Right now used honda's are at a premium. It just doesn't make any sense for me to give up 40% of a car's life for a 20% discount of what I would pay for a new honda or toyota. Basically, since I want to keep the car for a long time and the car doesn't have a high depreciation value and is cheep, I think I should buy new. But by all means if anyone can spot a deal let me know.

Edit: the other thing I have been thinking about too is that if I were to buy used the majority of repairs would come on my ownership time.

Last edited by jc3900 : 05-11-2008 at 09:19 PM.
Reply With Quote
  #23 (permalink)  
Old 05-11-2008, 09:37 PM
Brokemofo Brokemofo is offline
$ Saving HS Freshman
 
Join Date: Mar 2008
Posts: 120
Points: 655.00
Donate
Default

I was looking at used Hondas and Toyotas, and 2 days ago bought the Honda Fit brand new. Most dealers will charge sticker for it. I got the base model for $14,500. It would have cost me 3k more for a comparable Civic. The Fit is a very fun car to drive especially in the twisties.
Reply With Quote
  #24 (permalink)  
Old 05-12-2008, 07:01 AM
disneysteve's Avatar
disneysteve disneysteve is offline
$ Saving College President
 
Join Date: Jun 2006
Location: New Jersey
Posts: 10,145
Last Blog Entry: Thinking about paying the mortgage
Points: 66481.30
Donate
Default

Quote:
Originally Posted by jc3900 View Post
Right now used honda's are at a premium. It just doesn't make any sense for me to give up 40% of a car's life for a 20% discount of what I would pay for a new honda or toyota.
Sounds like you've done your homework and the new car makes more sense at this point. Make sure you do your pricing homework at edmunds.com or somewhere similar so that you are armed with all the data before negotiating the purchase price. Enjoy that new car smell. We haven't had it around here since 2000.
__________________
Steve

Join the 2009 Ebay Challenge!

* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Reply With Quote
  #25 (permalink)  
Old 05-12-2008, 07:58 AM
aida2003 aida2003 is offline
$ Saving HS Senior
 
Join Date: Jan 2008
Location: Charlotte, NC
Posts: 293
Points: 1585.00
Donate
Default

When I drove Toyota Yaris in Europe a month ago, I was surprised that they are fun to drive and even have enough legroom. I didn't sit in the back, so I don't know about space in the rear. I thought at the time that I'd be interested in a small car when we need to replace one of our cars. But then we'll have 2 kiddos, so not sure
Reply With Quote
  #26 (permalink)  
Old 05-12-2008, 09:09 AM
bjl584 bjl584 is offline
$ Saving College Freshman
 
Join Date: Sep 2006
Posts: 604
Points: 4882.20
Donate
Default

My friend from Grad school has a Toyota Yaris. She really likes it. I thought that the gauge cluster in the center of the dash was a bit distracting, and I didn't like the shifter configuration, but other than that it seemed like a good solid car. She said that she got around 40mpg on the highway.
__________________
"On this day, I see clearly." -Alterbridge
Reply With Quote
  #27 (permalink)  
Old 05-12-2008, 10:16 AM
disneysteve's Avatar
disneysteve disneysteve is offline
$ Saving College President
 
Join Date: Jun 2006
Location: New Jersey
Posts: 10,145
Last Blog Entry: Thinking about paying the mortgage
Points: 66481.30
Donate
Default

Quote:
Originally Posted by bjl584 View Post
My friend from Grad school has a Toyota Yaris. She really likes it. I thought that the gauge cluster in the center of the dash was a bit distracting
I've had a Yaris a couple of times when my car was in for service. I agree about the gauges. I think it is very poor design. The driver needs to take focus off the road to see the gauges. I suppose you get used to it eventually but it is very awkward.
__________________
Steve

Join the 2009 Ebay Challenge!

* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Reply With Quote
  #28 (permalink)  
Old 05-12-2008, 10:19 AM
bjl584 bjl584 is offline
$ Saving College Freshman
 
Join Date: Sep 2006
Posts: 604
Points: 4882.20
Donate
Default

Quote:
Originally Posted by disneysteve View Post
I've had a Yaris a couple of times when my car was in for service. I agree about the gauges. I think it is very poor design. The driver needs to take focus off the road to see the gauges. I suppose you get used to it eventually but it is very awkward.
Yeah, she told me that she was used to it, but at first it was uncomfortable for her to get accustomed to it.
__________________
"On this day, I see clearly." -Alterbridge
Reply With Quote
  #29 (permalink)  
Old 05-12-2008, 11:16 PM
jc3900 jc3900 is offline
$ Saving HS Junior
 
Join Date: Feb 2008
Posts: 226
Last Blog Entry: When Colleges Compete, I win!
Points: 1320.00
Donate
Default

WOO, I just got a bomb delivered today. My older sister talked with my dad today and she suggested that instead of buying me a car that I be given the money to do with it as I please. Furthermore, my older sister has just offered to sell me I think 7 year old( maybe more) honda civic for $2500! It has 115K miles on it and hasn't had many technical problems. The only thing that needs replacing is some sort of belt that is off my head at the moment. This has definatly made me think differently about getting a new car. For one, as I will be in college, I won't really be driving huge amounts of miles. Secondly, I could pocket the money I would have put towards the new car minus the $2500 for the civic and pay for a year of college or invest in a vanguard account. If this idea holds with my dad and I can buy my sisters car, I seriously think I will ditch the new car idea. Oh and the civic gets low 30 gas mileage.
Reply With Quote
  #30 (permalink)  
Old 05-13-2008, 06:08 AM
Brokemofo Brokemofo is offline
$ Saving HS Freshman
 
Join Date: Mar 2008
Posts: 120
Points: 655.00
Donate
Default

Wow, sounds like a great plan JC3900. You can drive that car for a few yeas then maybe sell it for more than you paid.
Reply With Quote
  #31 (permalink)  
Old 05-13-2008, 07:19 AM
bjl584 bjl584 is offline
$ Saving College Freshman
 
Join Date: Sep 2006
Posts: 604
Points: 4882.20
Donate
Default

Quote:
Originally Posted by jc3900 View Post
WOO, I just got a bomb delivered today. My older sister talked with my dad today and she suggested that instead of buying me a car that I be given the money to do with it as I please. Furthermore, my older sister has just offered to sell me I think 7 year old( maybe more) honda civic for $2500! It has 115K miles on it and hasn't had many technical problems. The only thing that needs replacing is some sort of belt that is off my head at the moment. This has definatly made me think differently about getting a new car. For one, as I will be in college, I won't really be driving huge amounts of miles. Secondly, I could pocket the money I would have put towards the new car minus the $2500 for the civic and pay for a year of college or invest in a vanguard account. If this idea holds with my dad and I can buy my sisters car, I seriously think I will ditch the new car idea. Oh and the civic gets low 30 gas mileage.
I'm betting that she is referring to the Timing Belt. It needs changed every 100K. You defenitely need to take care of this. Also, at 115K ask your sister if the car has had a tune up. (New spark plugs, wires, distributor cap, pcv valve, fuel filter, transmission fluid flush and fill, and coolant system flush and fill.) It's time for all that if it hasn't been recently done.
__________________
"On this day, I see clearly." -Alterbridge
Reply With Quote
  #32 (permalink)  
Old 05-14-2008, 01:01 PM
sakigt's Avatar
sakigt sakigt is offline
$ Saving Jr. College Student
 
Join Date: Apr 2006
Posts: 451
Last Blog Entry: End of Oct totals
Points: 4730.30
Donate
Default

Buy gently used!

We wanted a base Yaris. Sticker was $13,xxx

We found a 2008 with 1,400 miles and paid $10k for it.

Check out the dealer websites such as cars.com and take the VIN number to the local Honda, Toyota, whatever dealership. As long as the car isnt a lemon - save your money and buy used!

In our case the girls boyfriend decided to buy her a Dodge Charger SRT-8 and traded the Yaris in for cheap!
Reply With Quote
  #33 (permalink)  
Old 05-14-2008, 01:13 PM
disneysteve's Avatar
disneysteve disneysteve is offline
$ Saving College President
 
Join Date: Jun 2006
Location: New Jersey
Posts: 10,145
Last Blog Entry: Thinking about paying the mortgage
Points: 66481.30
Donate
Default

Quote:
Originally Posted by sakigt View Post
Buy gently used!

We wanted a base Yaris. Sticker was $13,xxx

We found a 2008 with 1,400 miles and paid $10k for it.
Those are the best deals, but there are very few of them out there. I bought my car, a 1998 Toyota Camry, as a dealer demo in August 1998. It had 11,000 miles and I paid about $5,000 less than a brand new one. It looked great and still had the new car smell when I got it.
__________________
Steve

Join the 2009 Ebay Challenge!

* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Reply With Quote
  #34 (permalink)  
Old 05-15-2008, 10:35 PM
jc3900 jc3900 is offline
$ Saving HS Junior
 
Join Date: Feb 2008
Posts: 226
Last Blog Entry: When Colleges Compete, I win!
Points: 1320.00
Donate
Default

disneysteve: That sounds right up my alley. Gently used and big discounts is what I would want when I eventually get to buying a new car. Where and how do I find those deals?
Reply With Quote
  #35 (permalink)  
Old 05-16-2008, 04:55 AM
rupeeman rupeeman is offline
Banned
 
Join Date: May 2008
Posts: 18
Points: 155.00
Donate
Default

Toyota and Honda are both very well known brands in the car manufacturer list around whole world. I think there's should be no confusion about choosing the brands between these two!
Reply With Quote
  #36 (permalink)  
Old 05-16-2008, 07:47 AM
sakigt's Avatar
sakigt sakigt is offline
$ Saving Jr. College Student
 
Join Date: Apr 2006
Posts: 451
Last Blog Entry: End of Oct totals
Points: 4730.30
Donate
Default

Quote:
Originally Posted by jc3900 View Post
disneysteve: That sounds right up my alley. Gently used and big discounts is what I would want when I eventually get to buying a new car. Where and how do I find those deals?
Ive found the best deals at dealerships. People are lazy and want to get into a new car fast and a dealership is the easiest place to go.

autotrader and cars.com is where a lot of these dealers sell the trade ins.

Do your research and know what you want. Lowball the dealer too, but accept a fair price. Both parties should be making money.
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT -7. The time now is 02:29 PM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.
More Links Debt Consolidation Loans | Finance Options

About Us | Advertising | Privacy Policy | Link To Us | Resources | Webmasters | Media | Jobs | Site Map | Contact Us

Copyright ©2002-2009 SavingAdvice.com. All rights reserved.

Please read our Disclaimer

 

Featured Sponsors
IVA uk definitive guide
Bad Credit Loans
IVA Forum
IVA Book
Private Student Loans
Payday Loans
Student Loans
Online Shopping
Dell Coupons
Credit Card Processing
Back to School
Apply Now for Personal Loans
Credit Score
Payday Loan
IVA
Free Credit Report
uk health insurance online
CD Interest Rates
IVA Advice

Partners
Debt Reduction
Blogging Away Debt
Budget Stretcher
DivaTribe
Thrifty Fun
Money Talk
Online Personal Budgeting
Budget Dial