Friday, January 10, 2014

2013 Finances Review....Cars are Money Suckholes!

January is the month where I pull out all the receipts, paid bills and such from the year just ended and start going over and analyzing all the data.

I have started the Christmas 2013 Spending Autopsy(will post that later this weekend probably) and the Yearly Spending category totals to see where we need to do better in the coming year.



One of first categories was Car Spending.....Sonya Ann, you may want to cover your eyes while I talk about this one. ;-)

It was NOT a great year at Chez Sluggy for spending in the car category.....

Between a totaled car, buying another "new to us" used car, a rebuilt motor, expensive repair bills(four of them above $400 a pop-one was over $900!) and regular oil changes, parts replacements, we spent $7,186.86 on our "fleet" of automobiles.

Car insurance brought that total up to $10,267.00.

And that doesn't include any GAS purchased to fuel said cars.
bleh.

At least I take consolation in the fact that we got off rather cheaply with the totaled car and having to replace said car.
With what insurance gave us for the totaled one and what the new used car that replaced it cost us, we were only out $1363.42(plus new registration/tags).  Plus our insurance only went up just short of $69 per 6 months with that claim.
But I was sad to see that totaled car go, as it was a great deal and in really good shape, well....before it got hit, it was. lol

The car Hubs bought to replace it has been bad news.  It did fine for a few months but then it developed 2 leaks, one in the oil something or other and another in the transmission.  One is repairable and the other isn't, as it would cost more than what the car is worth. 
Ugh.
So Hubs is having to be vigilant about checking his fluid levels every week and carrying bottles of fluids in the trunk to top off levels or risk having something or other run dry and kill the car.
Don't you love my use of all these fancy technical mechanical auto terms? 8-))

Basically the replacement car has turned into a PITA car and he is making plans on how to get rid of it.  He wants to trade it in and get something else but once the dealer finds out what a fine driving machine*cough* this is, who in their right mind would want to take it?
I said we are probably better off just leaving the keys in the thing with a big sign on it "STEAL ME, PLEASE!" and then report it stolen.



To bad we don't live in a flood prone area, like someone I knew in my 20's who lived at the beach and had a POS old VOLVO.  It had been flooded during a hurricane so it started only running when it felt like it, which turned out to be every 3rd Tuesday and alternate weekends from 11am to 3:15pm. 

She got a phone call in the middle of the night a few months after the hurricane that her car was sitting in the middle of a major highway about 5 miles from her house, abandoned.
Seems someone had stolen her car that evening after she went to bed(who in their right mind, would want to steal an old, rusted Volvo station wagon?!?) but it stopped running 5 miles away and the thieves had just left it there at an intersection and fled.
True story.

But I digress....

If #2 Son goes away to college in the Fall we only need an extra car for 7 more months so Hubs may just limp along with this PITA car until then and then get rid of it, instead of replacing it soon.
I just don't know but personally I am not in a big hurry to throw more money into cars at this point.
As long as it is safe to drive if these issues are kept on top of, I say keep it on the road and keep the money in our pockets.

The fact is all of our cars are now becoming senior citizens of the car world.  My van, which was bought new, has barely 90K miles on it, but turned 10 years old last March.  I don't drive it much as I don't need to haul lots of kids anymore and I never go anywhere, so it should make it through 2014 without a lot of spending on repairs now that we had the rack & pinion work done.  I might need new tires but that's about it.  If it comes down to it, Hubs can use it for commuting, though it doesn't get great gas mileage. 
Should cars start to fall apart again!, we have options before we dig into our savings for expensive repairs.  #2 Son no longer has a part time job or extensive band commitments and I don't need a car to commute to a job, so between the three of us, one job and three cars(that all have issues of some kind), we should be able to limp along until at least the Summer.

The goal is to get to where we only need 1 car but that won't happen for at least a few years yet.

As far as car spending in 2014, I hope to keep it below $8K including insurance this year.

So how was 2013 for you and your vehicles?
Did you spend a little or a lot on cars last year?
(I expect Sonya Ann to leave me a long comment/rant on this post! lolz)

Sluggy

10 comments:

  1. Oh I just have to laugh..did you read my post today? Ok how about besides have the recall for transmission and timing chain they forgot to put oil in the car when they changed the oil and inspected it last week. They now HAVE TO REPLACE MY FRIGGIN ENGINE!!!!!!! Good times...yeah...good times

    ReplyDelete
  2. I hear you, Sluggy. 2013 was the year of the car:

    1-bought a used car for DS aka college boy to use as a commuter student attending the local college. Bought that one in Jan. Cost $6000-it's a gift, my college contribution

    2-Bought Dd who is now on hiatus from college and has moved back home with me, a used car in Nov. That cost $5500 (but she is making monthly payments back to me)

    3-Bought myself a used car in Dec $15,144.55.

    Yes, I paid CASH for all of the above. My house savings account suffers as a result, BUT, I remain without debt. Felt it was the way to go, too many what ifs at the moment.

    Kids are on their own as far as car ins,annual property taxes, maintenance are concerned.

    So yeah, 2013 was the year of the car.

    ReplyDelete
  3. Oh my gosh, your poor cars. I went back and edited my car post. I didn't realized that I typed $2507 for 2 tires instead of $257. Thank you for letting me know!

    ReplyDelete
  4. I don't think we spent much on cars last year. I would have to go dig out receipts.

    We did spend $231 2 days ago on brake work on Hubby's car. Thank goodness we have lifetime warranty on most of the brake work previously done on his car.

    You spent way more than we did last year.

    ReplyDelete
  5. I understood every technical term you used!

    Last year, my car was a gem. However, it is making a round sound because the EGR or GRE or GER needs replacing. It is something that makes the car use more gas. I cannot afford that repair! The car is 13 years old.

    ReplyDelete
  6. Oh, we definitely spent quite a bit last year on cars since we bought a minivan... hopefully can keep it way lower this year :)

    ReplyDelete
  7. I hate cars, they are so expensive and so necessary.

    ReplyDelete
  8. Gosh I need to catch up on posts...hope no one was hurt in that accident...will read it.
    We spent $8754 on our truck and insurance...best part, we made double payments on the truck, and since October it is paid off, a year early. It may all be in my head but it seems the nice drivers before paying off said truck, have became folks heck bent on cutting us off....three close calls. I refuse to have another truck payment.
    Hope this year is better for all.
    blessings, jill

    ReplyDelete
  9. We spent a fortune buying a brand new 21012 Santa Fe Sport but planned for it. But I feel for you. I remember oh so well being a 4 car and at one point 5 car family when the boys still lived at home. It was always something.

    ReplyDelete
  10. I hate vehicles - we only have one, I don't drive any more too scared. No repairs or tires in 2013 so must mean that we will have something in 2014. No kids at home, retired, limit our driving to 1 or 2 days a week within 10 miles of home and once every 2 months to the VA which is 25 miles away. Keeping our fingers crossed for safe passage for us and everyone else.

    ReplyDelete

Hey there! Thanks for leaving a comment. Though I moderate it's partly to keep spam out but also partly so that I read every comment. I don't often respond to comments so if you need me to answer you please write me at my email addy posted on my "About Me" page, linked on the side bar.