Which one is a better investment? - Page 3 - GM Forum - Buick, Cadillac, Chev, Olds, GMC & Pontiac chat


Lounge For casual talk about things unrelated to General Motors. In other words, off-topic stuff. And anything else that does not fit Section Description.

View Poll Results: Better Investment?
Buy a junker and use the saved money to fix it 11 57.89%
Buy a new car and not worry about issues 8 42.11%
Voters: 19. You may not vote on this poll

Closed Thread
 
 
 
Thread Tools Search this Thread
Old 04-23-2008, 05:56 PM   #21
Junior Member
 
Join Date: Mar 2003
Location: Purgatory
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
vital49 is on a distinguished road
Default

I would actually advise the opposite. Since domestic cars depreciate so quickly, it'* a perfect time to leverage an EXCELLENT deal. Like I said, all cars will have problems. So, why not start with a car that doesn't cost you much to begin with? Buy an older domestic car that has adequate support online, knowledge among friends, etc.
vital49 is offline  
Old 04-23-2008, 06:13 PM   #22
PopaDopaDo
True Car Nut
 
popatim's Avatar
 
Join Date: Jan 2005
Location: NY
Posts: 4,957
Thanks: 0
Thanked 0 Times in 0 Posts
popatim is on a distinguished road
Default

if you're concerned about reliability then buy two $1000 beaters. The insurance on both cars will still be less than full coverage on one car and still leave you with pocket change for repairs. In the end a new car is still a beater; it just takes longer to get there and keeps your wallet empty until it does.

edit - also, if you happen to find yourself without a job, you at least don't have to worry about the repo man come calling.
popatim is offline  
Old 04-23-2008, 06:19 PM   #23
Senior Member
True Car Nut
Thread Starter
 
Join Date: Jul 2006
Location: Granville, Ohio ~NEBF '07 Survivor~
Posts: 5,001
Thanks: 0
Thanked 0 Times in 0 Posts
petraman is on a distinguished road
Default

I realize a car is not an investment in any sense, so the terminology was incorrect, I apologize... The reason I'm keeping the car is because it'* very hard paying 200 bucks and repairing it at the same time. I still owe my parents roughly 1100 bucks for the transmission... I'd also like something that gets better gas mileage. Gas is 3.59 here, and I drive about 12 miles to work every day, and 40 miles to school every tuesdays and thursdays... If I bought used, I would probably not care as much about fuel economy, but the new cars I'm looking at get around 27 mpg combined (33-35 mpg hwy). My car gets around 29 on the highway (used to get 35, but I think it needs a tune up and a fuel filter...). If I get a used car, it'd be american. Heck, if I could find a '95 or '96 SLE or SSE, I'd buy a Bonneville... We'll just have to see. I got my car appraised for 4000. I owe about 6000, but I've seen people sell these cars for like 5500... so we'll see...
petraman is offline  
Old 04-23-2008, 06:20 PM   #24
Senior Member
True Car Nut
 
Join Date: Jul 2003
Location: Toronto, Ontario, Canada
Posts: 5,158
Thanks: 0
Thanked 0 Times in 0 Posts
repinS is on a distinguished road
Default

I say you go with the junker. You're not going to be inclined to mod a beater POS either, and that'* more money in your pocket.

You also may not necessarily want rely on finding a beater quickly. Continue to drive the Impala as it is now, and only jump on a deal when it'* right for you.
repinS is offline  
Old 04-23-2008, 06:23 PM   #25
PopaDopaDo
True Car Nut
 
popatim's Avatar
 
Join Date: Jan 2005
Location: NY
Posts: 4,957
Thanks: 0
Thanked 0 Times in 0 Posts
popatim is on a distinguished road
Default

Gas went up to 3.93 here today for super... I expect it to go much higher too.
Thats a 12 cent increase in less than a week. :(

If your car isn't running efficient, a tuneup pays for itself quickly at these prices.
popatim is offline  
Old 04-23-2008, 07:28 PM   #26
Senior Member
True Car Nut
 
rjolly87's Avatar
 
Join Date: Jun 2003
Location: Las Cruces, NM
Posts: 6,857
Thanked 298 Times in 246 Posts
rjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant futurerjolly87 has a brilliant future
Default

get you a tempo with a standard
rjolly87 is online now  
Old 04-23-2008, 08:02 PM   #27
Senior Member
True Car Nut
 
Join Date: Feb 2006
Location: Delaware & Long Island NY
Posts: 3,239
Thanks: 0
Thanked 0 Times in 0 Posts
Shadow is on a distinguished road
Default

Why does everybody call run around cars a beater? If I had some of your cars would they be beaters compared to my BMW? I just don't understand how the term is used. I have a 1990 car I drive everyday but I dont consider it a beater?
Shadow is offline  
Old 04-23-2008, 08:12 PM   #28
Senior Member
True Car Nut
Thread Starter
 
Join Date: Jul 2006
Location: Granville, Ohio ~NEBF '07 Survivor~
Posts: 5,001
Thanks: 0
Thanked 0 Times in 0 Posts
petraman is on a distinguished road
Default

A beater is simply that, a super-cheap car that you can beat on without worrying about the value going down...
petraman is offline  
Old 04-23-2008, 08:36 PM   #29
Senior Member
True Car Nut
 
Join Date: Feb 2005
Location: Brampton, Ontario
Posts: 3,014
Thanks: 0
Thanked 0 Times in 0 Posts
Maymybonnieliveforevr is on a distinguished road
Default

Quote:
Originally Posted by petraman
I realize a car is not an investment in any sense, so the terminology was incorrect, I apologize... The reason I'm keeping the car is because it'* very hard paying 200 bucks and repairing it at the same time. I still owe my parents roughly 1100 bucks for the transmission... I'd also like something that gets better gas mileage. Gas is 3.59 here, and I drive about 12 miles to work every day, and 40 miles to school every tuesdays and thursdays... If I bought used, I would probably not care as much about fuel economy, but the new cars I'm looking at get around 27 mpg combined (33-35 mpg hwy). My car gets around 29 on the highway (used to get 35, but I think it needs a tune up and a fuel filter...). If I get a used car, it'd be american. Heck, if I could find a '95 or '96 SLE or SSE, I'd buy a Bonneville... We'll just have to see. I got my car appraised for 4000. I owe about 6000, but I've seen people sell these cars for like 5500... so we'll see...
Based on your statement in bold, do I take that as this thread has been settled in that you have now decided to keep the car rather then the two choices in your poll. Keep in mind that the value of your Impala will depreciate more then you owe. Therefore you will never break even. That is why financing a car isn't your best value. Here in Canada, you can purchase a 2001/2002 Bonne SSEi. for the money you owe on your Impala, which I understand is $6000.00
Maymybonnieliveforevr is offline  
Old 04-23-2008, 08:53 PM   #30
BANNED
 
Join Date: Aug 2002
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
banned3800 is on a distinguished road
Default

Petraman.... I am not sure what to tell you..

Sandrock and his GF bought an 06 Grand Prix... I drove it and liked it... Granted I like the Bonneville seats better... But they got a good deal on the car and added the extended warranty... Car drives great, handles really good... Has plenty of get up and go.. Looks good sitting still too..

Its all in what you want to spend, knowing what to look for while looking at the car and now what to listen to, and feel as you are driving the car... Most of the time if you pay very close attention you will spot problems if the car has any..

You can look at it in one of several ways...

You buy a car thats newer and you end up with payments... If you get the extended warranty you'll be good for the most part for the duration of that warranty, with the exception that you will most likely have a deductible... And even them the car may not be covered bumper to bumper... So you may still be out $$$ in repairs if the item that fails is not covered... For this case you will have monthly payments at the least and you will be required to have full coverage insurance on the car as it will have a Lien on it...


If you were to buy an older used car cold cash... The good thing is that you would own it outright.... But with any car that has age and or a few miles, you will be replacing parts like water pump, alternator, gaskets, fuel pump..... The list just goes on and on.. Just look at what some of us have been through with our cars.... I am on my 3rd motor... But I have not made a payment in 7 years... I have had years where the car required pretty much nothing from me... Just changed the oil and kept going... In the recent I made it to motor #3.... This car will get a Trans rebuild and a Paint job and I'll drive it till it dies.. But just remember I do just about all of the work to my own cars...


Hard to pick which path to go down... I wish I could tell you what to do..

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
banned3800 is offline  
 
 
Closed Thread

Related Topics
Thread Thread Starter Forum Replies Last Post
which one of these cars ran better harofreak00 General GM Chat 10 03-09-2006 04:38 PM
Pepsi Or Coke? Which one is better? PRD2BDF Lounge 31 01-01-2006 11:18 PM
Which one do you like better? Sol Lounge 11 09-27-2004 11:21 PM
which one do u like better..... FiReDeViL Lounge 8 11-11-2003 05:54 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

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



All times are GMT -4. The time now is 12:25 PM.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.