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#4506605 - 09/03/17 07:37 PM At what point do you get a new car?
oilpsi2high Offline


Registered: 12/18/14
Posts: 1325
Loc: NY, USA, etc.
I've had the same car for the last 10 years, purchased new and maintained well. It has 136k and has some mild surface rust, nothing major. It is still my daily driver, and my only car.

I live in a rather rural area, and winters can be pretty brutal. I'd hate to be stranded if I ever had to get somewhere, although this car hasn't let me down yet.

Run it into the ground, or sell it while it's still running and get something new?

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#4506613 - 09/03/17 07:41 PM Re: At what point do you get a new car? [Re: oilpsi2high]
dlundblad Offline


Registered: 09/30/13
Posts: 10033
Loc: Indiana
Originally Posted By: oilpsi2high
Run it into the ground, or sell it while it's still running and get something new?


This makes it sound like it's going to die somewhat soon. At 136k, it still has a lot of life left.

What kind of car is it? Have you had to replace any wear and tear items yet?
_________________________
03 Jeep WJ 4.0 199k Castrol Edge 10w40 HM Fram XG16
02 Volvo S60 2.4T 177k M1 0w40 Mahle OX149D
97 Chevy Blazer 4.3 145k Rotella T5 10w30 Fram TG3980


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#4506614 - 09/03/17 07:41 PM Re: At what point do you get a new car? [Re: oilpsi2high]
Merkava_4 Offline


Registered: 01/30/07
Posts: 17501
Loc: Clovis, CA
For you salt belt people, the answer to that question is when there's no healthy metal left to hold a bolt.

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#4506618 - 09/03/17 07:43 PM Re: At what point do you get a new car? [Re: oilpsi2high]
itguy08 Offline


Registered: 09/15/11
Posts: 3227
Loc: Somewhere
When I get tired of it. I'm not out to see how long I can make a clunker last. Nor am I in it to be bored to death with a car.

If you want a new one then it's time - that's everyone's individual taste.

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#4506619 - 09/03/17 07:43 PM Re: At what point do you get a new car? [Re: oilpsi2high]
CT8 Offline


Registered: 10/09/14
Posts: 10979
Loc: Idaho
Only you can decide how to spend you money..Do you like the car? Hate the car? It is a long term reliable car or a FIAT?
_________________________
"Don't let your preconceived notions get in the way of facts."
Geoff Metcalf

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#4506623 - 09/03/17 07:44 PM Re: At what point do you get a new car? [Re: dlundblad]
oilpsi2high Offline


Registered: 12/18/14
Posts: 1325
Loc: NY, USA, etc.
Originally Posted By: dlundblad
Originally Posted By: oilpsi2high
Run it into the ground, or sell it while it's still running and get something new?


This makes it sound like it's going to die somewhat soon. At 136k, it still has a lot of life left.

What kind of car is it? Have you had to replace any wear and tear items yet?


2007 Cobalt SS Supercharged Coupe. Brakes, wheel bearings, shocks and struts, bushings, timing chain tensioner, etc.

I think it needs a new belt tensioner (squeaks on startup), and has a front end rattle that is either the steering intermediate shaft or swaybar bushings. Other than that it has been dead reliable. I'm thinking new snow tires for winter and just continue driving it until it completely dies.

I have records for every service performed since day 1. Drained the factory fill at 2396 miles! Always used Mobil 1 5W-30 and either AC Delco or Napa Gold oil filters. GM fluids in the trans changed every 30k.


Edited by oilpsi2high (09/03/17 07:45 PM)

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#4506626 - 09/03/17 07:46 PM Re: At what point do you get a new car? [Re: oilpsi2high]
Indydriver Offline


Registered: 03/20/11
Posts: 2152
Loc: Indiana
When your 2004 Dodge Intrepid's brake pedal goes to the floor for the second time in six months and the shop says all the brake lines are corroded and needs a total rebuild to the tune of $2500+.
_________________________
2017 Mazda CX3 1000 FF
2014 Camaro 2SS/RS LS3 Vert 13,000 M1
2012 Sienna 75,000 M1
2011 Accord VCMV6 75,000 M1
2007 Tahoe 130,000 M1 HM


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#4506627 - 09/03/17 07:47 PM Re: At what point do you get a new car? [Re: CT8]
oilpsi2high Offline


Registered: 12/18/14
Posts: 1325
Loc: NY, USA, etc.
Originally Posted By: CT8
Only you can decide how to spend you money..Do you like the car? Hate the car? It is a long term reliable car or a FIAT?


It is very fun to drive. Has a limited slip diff, 5 speed manual from a Saab and the GM Stage 2 supercharger package along with the GM ported exhaust manifold.

It costs next to nothing to operate so I'm thinking of just driving it as long as possible. MSRP was $ 24,095 back in 2007. A Camaro SS is $ 40,000+. No thanks!


Edited by oilpsi2high (09/03/17 07:47 PM)

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#4506640 - 09/03/17 07:54 PM Re: At what point do you get a new car? [Re: oilpsi2high]
Quattro Pete Offline


Registered: 10/30/02
Posts: 35863
Loc: Great Lakes
Drive it until some major repairs are needed that would make fixing it cost prohibitive.
_________________________
'02 530i (Edge 0W-40)
'15 Q5 3.0T (Edge 5W-40)
'18 Charger SRT (FF)

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#4506641 - 09/03/17 07:56 PM Re: At what point do you get a new car? [Re: oilpsi2high]
Powerglide Offline


Registered: 01/20/08
Posts: 82
Loc: SE Florida
1995 Geo Prizm. Looks like a 3 year old car. 200k miles. Uses less than 1 quart of oil between 7000 mile oil changes. I fix what breaks. $1900 wholesale purchase price in 2009 with 86k miles. Starts, runs, drives and shifts perfectly. 24-34 mpg. Dirt cheap to run, repair and insure. Air blow cold, never been apart. NO plans to retire, sell or scrap. Why would I, you or anyone else? Unless you have an "ego".


Edited by Powerglide (09/03/17 07:57 PM)

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#4506644 - 09/03/17 07:56 PM Re: At what point do you get a new car? [Re: oilpsi2high]
oilpsi2high Offline


Registered: 12/18/14
Posts: 1325
Loc: NY, USA, etc.
I've used this in the past. Fun little calculator:

http://www.agcoauto.com/content/Buy_or_Keep_Calculator

It's hard seeing your peers get shiny new cars every few years, but as a finance guy I know better. I'd rather drive something fun for 10 years than get a new Civic every 2.


Edited by oilpsi2high (09/03/17 07:57 PM)

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#4506647 - 09/03/17 07:59 PM Re: At what point do you get a new car? [Re: oilpsi2high]
Powerglide Offline


Registered: 01/20/08
Posts: 82
Loc: SE Florida
They're appliances anyway. I'll make the sacrifice for the 1956 Chevy that stays in the garage.


Edited by Powerglide (09/03/17 07:59 PM)

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#4506650 - 09/03/17 08:00 PM Re: At what point do you get a new car? [Re: Powerglide]
oilpsi2high Offline


Registered: 12/18/14
Posts: 1325
Loc: NY, USA, etc.
Originally Posted By: Powerglide
They're appliances anyway. I'll make the sacrifice for the 1956 Chevy that stays in the garage.


Found a 1954 Chevy Sedan on Facebook Marketplace near me. Guy wants 10,500. Says it needs nothing, had new paint and interior 20 some years ago. I kind of want it, haha.

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#4506651 - 09/03/17 08:01 PM Re: At what point do you get a new car? [Re: oilpsi2high]
Powerglide Offline


Registered: 01/20/08
Posts: 82
Loc: SE Florida
Now you're talkin'!

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#4506652 - 09/03/17 08:01 PM Re: At what point do you get a new car? [Re: oilpsi2high]
spasm3 Online   content


Registered: 05/30/10
Posts: 8662
Loc: North Carolina
If you want something new, buy it and keep the existing car. Use it to drive to work and keep the miles down on the new one. Drive the old one in bad weather. Keep no more insurance on the old one than you need. ( keep plenty of liability though, just not comp and collision if the car is not worth it).


Edited by spasm3 (09/03/17 08:01 PM)
_________________________
13 elantra 68k 5w30 QSUD
03 chevy avalanche76k synpwr 10w30
01 saturnsc1 185k synpwr rebuilt
17 mazda cx-5 3900 miles m1 0w20/0w40 mix

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