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Chronic Car Buyers Anonymous



  • steverstever Posts: 52,683
    Another option would be renting or checking into something like ZipCar.
  • fintailfintail Posts: 42,198
    If you liked the ML, maybe find another one of similar year and miles - from what I can tell, insurance payouts tend to be high retail on highline cars, so it shouldn't be hard. Or, if you are feeling like a spender, put 38K down on a new one or especially a leftover 2012 model - the next 10 days are probably a good time to deal. Or just lease if you find a good enough deal. A year or two ago, a guy I know leased a ML Bluetec for something like $479/month with 5K down, MSRP like 56K, end of the year deal.
  • xwesxxwesx Fairbanks, AlaskaPosts: 11,000
    Given the extremely low miles, I'd think that buying would pay you back better in the end, because most of what you pay for a lease is entirely independent on how far you drive it (up to the mileage cap), and it is time-limited. If you buy, you could easily keep it ten years and only have 25,000 miles on it at the end of that time! Translation: You still have a new car after ten years and only paid about 2x the cost of a single lease. ;)
    2014 Audi Q7 TDI, 2008 and 2013 Subaru Forester(s), 1969 Chevrolet C20 Pickup, 1969 Ford Econoline 100, 1976 Ford F250 Pickup
  • jayriderjayrider Posts: 3,602
    The VW Passat TDI has a decent lease rate but compared to the price of a new Mercedes, you could buy it outright. Take a test drive. I really like my Buick LaCrosse and they are discounting them as well.
  • corvettecorvette United StatesPosts: 5,620
    If I lived in NYC, I would either do without a car or, if I must have one, get something that I wouldn't mind getting beat up, stolen, etc.

    If you want something nicer, I think Mercedes does offer a 7500 mile/year lease, though I'm not sure of what the rates are right now. The 3-series and A4 are popular, fun to drive, and in your price range. I think it would be easy to carry two adults and one kid in one.
  • fintailfintail Posts: 42,198
    Definitely something you might want to buy as a late model used car, too - they depreciate at a good clip. Good points were raised about low miles and NYC too - might save money to rent cars, but then again, that can be a hassle too.
  • All good thoughts. Zip Car is not as cheap as I would like and dragging a car seat in and out every time is a pain. We are willing to pay not to have to do that. As mentioned, the low miles per year make purchasing attractive. Also, cars get dinged up here. Ideally, I do not want to spend more than the payout ($38K). I would love to get a used 5-series wagon but they are expensive, even with higher miles. I would also like to check out used Jeep Grand Cherokee models. Maybe the Limited or Overland.

    Is it a better value to buy a new car (putting the $38K down) or buying a used car for <$38K total? Which scenario is like to net out better in 5 years?
  • roadburnerroadburner Posts: 10,389
    edited December 2012
    I've been dealing with a pinched nerve in my back/leg; today's hearing was in a county @2 hours away so my wife told me to take her 328i since it has power lumbar and heated seats. I'm 55, so I'm not in full geezer mode yet- but I can't see how I'd ever want anything much larger or softer than an E90- and it would still have to be equipped with a stick...

    Mine: 1995 318ti Club Sport / 2014 M235i / 1999 Wrangler / 1996 Speed Triple Challenge Cup Replica Wife's: 2016 i3 REX/2009 Cooper Clubman Son's: 2009 328i

  • steverstever Posts: 52,683
    Sorry for dragging you a bit off-track (again), but how's your parking situation? Always on the street? (If you have a garage space in Manhattan, just lease that out and use the monthly rent to hire a limo service, lol).

    Every thing else being equal, it's generally better to buy used and let someone else eat the initial depreciation (figure ~10% a year for most cars but some are worse than others).

    2012 Used Car Best Bets
  • corvettecorvette United StatesPosts: 5,620
    You're probably better off buying a low mileage used car since the depreciation curve won't be as steep. With the lower mileage you'll be driving, the reliability issues that often crop up with European cars may be less of an issue.
  • mark156mark156 Posts: 2,006
    edited December 2012
    Congratulations on starting college! You will love it.... nothing like enriching your life with upper level education! Your degree is something no one can take away from you! :D

    2010 Land Rover LR4, 2013 Honda CR-V, 2009 Bentley GTC, 1990 MB 500SL, 2001 MB S500, 2007 Lincoln TC, 1964 RR Silver Cloud III, 1995 MB E320 Cab., 2015 Prevost Liberty Coach
  • We have a spot in a garage (scene of the flood). It certainly reduces the number of dings and scrapes but that still happens.

    My gut is telling me to get a low(er) mileage used car that still has some warranty remaining. The lack of driving is a plus from a mileage perspective, but there is some worry about realability when the car is not driven for weeks at a time.

    Thanks for the Used Car List.
  • nyccarguynyccarguy Stamford, CTPosts: 11,386
    I have a suggestion for what to replace your "totaled" ML Bluetec with:

    Buy yourself a Jeep Wrangler Sahara Unlimited. I'm sure you can find a new one with options well within your price range. It's easy to park, has higher ground clearance than most vehicles, tall sidewall tires, a tight turning radius. Best of all, it's a JEEP. So you won't have to worry about dings, scrapes, & scratches (they build character).

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Infiniti G37x Q40 AWD

  • kyfdxkyfdx Posts: 66,586
    Until you have to park that barge..

    Also, note.... if you haven't been in one.. the interior is pure Wrangler... It's not like riding in a normal $35K+ SUV..

    (my friend just got one...)


    Prices Paid, Lease Questions, SUVs

  • steverstever Posts: 52,683
    edited December 2012
    some worry about realability when the car is not driven for weeks at a time.

    I barely drive my Subaru 8 months out the year and it does take a toll.

    The good thing about a Grand Cherokee is that you should be able to dump it pretty fast up in the northeast if you didn't like it. This may not be the best time of year to buy a 4WD rig, although a 2012 could be a "deal" over a 2013. Looks like there's still ~150 of the 2012's within 50 miles of NYC. (link)

    My Car Match can be a fun exercise.
  • steine13steine13 Posts: 2,562
    edited December 2012
    It's a sign of old age, and of technology.

    A few weeks back, I was visiting in Germany with the folks and drove my dad's new car. Exactly what I told him not to get, a Focus C-Max turbo(!) diesel(!) with the dual-clutch-or-whatever-it-is automatic(!).

    The reason I advised against it is he drives almost nothing but short hops, but daily. I'm talking between half a mile and two miles at a time, ferrying relatives, shopping, etc.

    But when I drove it, I *really* liked it; quiet, torquey, comfortable, and the auto is well matched to the engine.

    But what really got me is the kind of driving we do there. The town's center is medieval in origin (and layout) -- we had the 1200th anniversary celbration when I was a kid. So that makes for lots of stopping and maneuvering and waiting to let people get through and ducking in between parked cars... and I found myself thinking, this is the perfect powertrain for this kind of driving.

    Especially since there are steep hills on top of the tightness, so you really have to know how to use the clutch.

    I'm planning to buy a 6MT Outback this spring, and that'll be my last stick. Not counting toys :) I can pretty much guarantee the wife's next ride will be something hybridy and 50mpg, and no sticks in those... for the running-around car, that's the only thing that makes sense, unless diesels go back to being Mercedes 200D kind of reliable.

    And just like stickguy I bought a well-preserved old car and find that I kind of got used to nice, clean, new-ish cars. The rattles and niggling problems get to me more now than they did when I was in my 20s. Signs of old age indeed...
    Cheers -Mathias
  • stickguystickguy Posts: 25,705
    no issues with nasty hills around here, but the integra is a little more labor intensive to drive than the accord was (I think a combination of a smaller hi rev engine vs. the bigger torquier motor + an older clutch with a bit more travel).

    I just sort of got used to the modern amenities. And the lower ride with big seat bolsters, while nothing like my Miata was, still is a little harder to get in and out of!

    but you are right that the fancy stereo stuff, smoother ride, and the little nicities become addictive.

    I probably have to wait it out until the spring to see what happens with my Son. If he gets a job I will inherit the TL back, and could keep that. Or sell them both and get something else.

    Though I am keeping my eye out for a Lexus or some such ride. if I find a too good to pass up deal, I will just get it and deal with the overflow afterwards.

    2018 Hyundai Elantra Sport (mine), 2013 Acura RDX AWD (wife's) and 2015 Jetta Sport (daughter's)

  • tjc78tjc78 JerseyPosts: 6,462
    edited December 2012
    can be a fun exercise.

    Pretty dead on for me.

    Lexus ES, Avalon, Genesis, LaCrosse, Maxima (owned 3 out the 5 and have tested the other 2)

    The two that puzzled me were the 3 series (Never!!) and somewhat less a TL.

    2017 Buick Enclave / 2017 Hyundai Elantra

  • Found out we have Baby #3 on the way. So in the last couple of months we have bought another Odyssey (2008) and tonight we traded the Prius and Tiguan for a 2013 Accord EX 6mt. Really feels like old Honda.
  • stickguystickguy Posts: 25,705
    congratulations. Though the Accord will have a short life span after you discover the joy of 3 kids on a bench seat, when 1 of them is in an infant seat!

    2018 Hyundai Elantra Sport (mine), 2013 Acura RDX AWD (wife's) and 2015 Jetta Sport (daughter's)

  • nyccarguynyccarguy Stamford, CTPosts: 11,386
    Congrats on baby #3 & the 2 punches! We haven't heard from you guys in a while & are glad you are OK. So hopefully you'll like the '08 Odyssey better than the '11 that you had.

    Accord EX 6MT sounds like fun! You guys had that Tiguan (S 6 speed?) for a while anyway. The Prius too. Over a year for the VW?

    Hopefully you did good on both trades & got a good price on the Accord:)

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Infiniti G37x Q40 AWD

  • The Accord will rarely be tasked with carrying all five of us. We will use the van mostly.

    We did OK on the Prius and VW considering we owned the VW right at a year and the Prius a little over 7 months. We walked away with the Accord for less than invoice and a check back for our equity. Deal was surprisingly easy. Dealer emailed a quote without me even asking and it was below invoice even with the $500 dealer fee added. Most negotiation was centered around what the VW was worth. It was a 6 speed manual so I'm sure it won't be as easy a sell for them as the Prius.
  • nyccarguynyccarguy Stamford, CTPosts: 11,386
    As long as you have one car (the van) to schlep all 5 of you around, that's fine. How many miles on the '08 Ody?

    We've got my wife's '11 Pilot EXL w/ NAV for her DD/ family hauler. When I traded my 2010 TSX in & leased my BMW in March, I was concerned about the smaller Size of the 3er. 90% of the time it's 1 person driving the BMW & the other times it has 1, maybe 2 car seats in it.

    Each car serves a purpose.

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Infiniti G37x Q40 AWD

  • corvettecorvette United StatesPosts: 5,620
    This looks interesting. It's equipped about like I would want it (the description says it's a stick but the pictures show an automatic). I love the aluminum trim--to me, it looks better than wood in a sporty car. 2d1e98.htm
  • We bought the Ody with 57k, it has just over 60k now. It's pretty basic, LX with leather. We didn't want to deal with the power doors of the EX or the VCM of the EX-L. A younger guy in a truck rear ended it less than a month after we bought it so I'm glad we went used and cheap.
  • stickguystickguy Posts: 25,705
    Well, if you aren't carrying everyone in the Accord, why the need to upgrade from 1 5 seater to another?

    and yes, I see the irony of asking you that question!

    2018 Hyundai Elantra Sport (mine), 2013 Acura RDX AWD (wife's) and 2015 Jetta Sport (daughter's)

  • stickguystickguy Posts: 25,705
    looks nice, like the color, but that is a boatload of miles for a 2011.

    2018 Hyundai Elantra Sport (mine), 2013 Acura RDX AWD (wife's) and 2015 Jetta Sport (daughter's)

  • nyccarguynyccarguy Stamford, CTPosts: 11,386
    Don't forget stickguy, that 2011 was a long model year for the 3 series. 2011s came out way early in 2010 & they were still on sale well into 2012 (I bought mine in March). So that car could be 2 years old already.

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Infiniti G37x Q40 AWD

  • stickguystickguy Posts: 25,705
    still a lot of miles compared to the flood of other 2011s that are out there (or soon will be!)

    not an issue to someone like me that puts on low miles, but only if the price really reflects the clicks.

    2018 Hyundai Elantra Sport (mine), 2013 Acura RDX AWD (wife's) and 2015 Jetta Sport (daughter's)

  • stickguystickguy Posts: 25,705
    Took the integra out before and went shopping with my daughter. This was the longest drive so far. Did good. Really does drive well for a car with the miles on it. Could pass for 1/2 as many. Just have to get used to revving an engine (since the other 2 cars normally stay well below 3k!).

    My daughter even approved. Not sure what that means coming from a 17YO, but I will take it as a positive.

    2018 Hyundai Elantra Sport (mine), 2013 Acura RDX AWD (wife's) and 2015 Jetta Sport (daughter's)

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