Showing posts with label paying cash for cars. Show all posts
Showing posts with label paying cash for cars. Show all posts

Tuesday, July 10, 2012

We Had To Part With Some Cash!

The last few weeks, since returning from Ohio, we've been on a mission.
A mission to find a replacement car for the car that was totaled by a 16 year old drive a year ago last May.

Daughter is home working full time now.  In August she will be commuting to college and working part time and will need a car.  #2 Son will have his license by October and will need a car to get to Marching Band rehearsals and performances.  One of them can borrow my car but if both need wheels at the same time?.....it won't work.
So we really do need a 3rd car now.

Of course we got very little for our wrecked car since it was 1 year younger than my son.....the son that turns 21 this week!lol

So we took that small check and put it with another small check(Hubs inheritance money from his mother), which gave us a grand total of $3,676.58 with which to buy a car.
This price point gave us a very limited range of inventory locally, but it was enough to give us choices.

After whittling the list of possibilities down to 6 or so, we decided on this one.....


A 1999 Buick Century.
An old person's car. ;-)
Hubs got them down to $4,100 and with the tags, taxes, inspection, etc. it cost us $4,600 Out of Pocket.
So I took $923.42 from the 2011 Savings Challenge monies I saved last year to cover that last bit over $3676.58.

Why we chose this car?
2 of the final contenders were cheaper but had no a/c and way more miles on them.
The mileage on this car was a mere 58 thousand miles.....on a 13 year old car!
While the MPG for this car wasn't the lowest of the contenders, it wasn't bad.  It's a nicer, read more substantial, car which is important, when it's your kids in there on the road amongst crazy drivers.
If they are going to get hit, I want something more than fiberglass between them and that impact.

And did I mention it only had 58 thousand miles on it?  I can picture the previous owner....an old lady who bought it new in 1999 and drove it to the grocery store, church, bingo and maybe to see the grand kids twice a year.  With that low odometer reading, that's about all the traveling she did in that car.lol

I know it's an old car.  The insurance will be lower because of it's age and the fact that it's safer because it's NOT a tiny compact car.
We don't buy cars to trade in later so we don't care about it keeping it's 'value'.
This car will be run into the ground.  After us, it will be junkyard fodder.  ;-)

It needs to last 2 years.  2 years and the younger will be done with high school and on to college or who know?, and the middle child will be done with college and on her own.
At that point if it's still on the road?, all the better.  Having to figure out what to do with it will be a happy consequence.

Now if we can just get the daughter out of the car when she isn't working!lol



Sluggy

Wednesday, April 25, 2012

Buying A Car AKA Throwing Money Away



Hubs and I hashed out the "getting another car or two" issue last week and I am happy to report that he sees it my way.
So we will be buying 1 used car, not 2. 8-)

So now the issue becomes, how much to spend and what to buy?

I am leaning toward a vehicle with.....

A-low miles
B-but a low price
C-high gas mileage
D-not expensive to repair/purchase replacement parts
E-a safe car
F-lower insurance quote

And yes, I KNOW I can't have it all....lol
It's all a balancing act really, isn't it?

A newer car will be pricier and the insurance will probably be more but will be safer, have better fuel efficiency and lower miles on it.
While an older car will be less expensive to purchase, have lower insurance rates and easier to repair/afford parts.

So dear readers, if you were having to purchase a used car for your 19 and 16 year old teens to drive, keeping all these points in mind, what specific car would you look for?

How much would you spend?  Remember, we are paying cash for this.
Do you have a particular make/model you would consider?
Does gas mileage and/or mileage on the vehicle concern you?
Any other point you see that I am not considering?

I am so dreading shopping for this.
But I want to get it done before the Daughter comes home from college.
Because if she goes with her dad to car shop, she'll be pressing him to buy some cool sports car thing with a big sticker price.

Sluggy