It's been said that rolling over car loans is driving people broke (pun intended) and that it could mean a huge slump in new car sales.
Um.. duh? Yeah.
I have an '05 truck now. I don't have any issues with it save for the fact I hate the payment and want it gone.
It's very unlikely I'm going to buy another new car for a long time. The next ride I get is definitely going to be used. The only real decision I have to make is whether to go with style or mileage.
If I go with style, I'd get a late-80's or early-90's Corvette. The mileage is 15/22. Very crappy, but the car is just cool. 🙂
If I go with mileage, I'd get a specifically equipped late-80's or early-90's Civic 3-door hatchback. "Specifically" means I'd purposely seek one out that has a manual transmission. With the stick you lose somewhere in the neighborhood of 200-300 pounds from the weight of the car. Less weight means better mileage if you don't lead-foot it.
But even if I did lead-foot it, I'd still be saving money.
See, the funny thing is that most people don't realize that older Civics get 30mpg easily. In fact, a properly-tuned (meaning a smooth running engine) 1986 Civic gets 39 miles per gallon on the highway.
And that was a car built 22 years ago(!)
I mean, sheesh.. these cars are dirt cheap to get. Even if you had to spend $1000 to fix it up it would pay for itself in less than a year.
Still think going new is worth it? 🙂
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