It finally happened and I need advice

[WallyParticipant]

I got rear ended on Friday and my car got totaled, ended up in the ER but came away just a bit sore. However, I find myself car shopping for the first time in 13 years, got 257000 miles off that baby, was wanting to shoot for 300k but alas it’s not to be.

I would welcome any advice about cars. Should I go new? Used? Any insights on slick car salesman? I drove a Toyota Corolla and would like to drive something similar. Thanks Guys.

"what a waste of a life, to marry, give up your freedom, just for the hope of not dying alone. Don't get married Son."

[Jan SobieskiParticipant 28791]

Go used. Save that money.

Love is just alimony waiting to happen. Visit mgtow.com.

[Anonymous 42]

!Toyota! I ran over the Energizer bunny years ago with mine! Buy low mileage, adult owned by a man that maintained it.

[MGTOWmonkey aka No More Fucks To GiveParticipant 6635]

Go used but certified pre owned so you have some sort of warranty. How much are you willing to spend? Do you want performance or MPG? Gotta give us more details on your taste and direction.

Never lose sight of what brought you here.

[MattNYCParticipant 2329]

HOly s~~~ man, that sucks but glad you were able to walk away, if a bit sore. You know it could’ve been a hell of a lot worse.

Consumer Reports has a good rep in terms of testing for reliability, MPG, etc. May want to have a look at their results; link below for reliability, since that’s the first thing i look for (I can change oil, spark plugs & a flat tire, but beyond that i’m screwed, hence my forcus on reliability)

http://www.consumerreports.org/car-reliability/most-and-least-reliable-cars-by-class/

If you haven’t yet, also look at Kelly Blue Book &/or Edmunds for pricing to help w/the asshole car salesman. Buying a car’s a lot like picking up chicks – always be willing to walk away; there’s always another opportunity!

[WallyParticipant]

MGTOWmonkey aka No More Fucks To Give wrote:

Go used but certified pre owned so you have some sort of warranty. How much are you willing to spend? Do you want performance or MPG? Gotta give us more details on your taste and direction.

MPG and reliability are most important, and would like to keep the price below 20k, I will most definitely look at used or certified, was already leaning that direction.

"what a waste of a life, to marry, give up your freedom, just for the hope of not dying alone. Don't get married Son."

[WallyParticipant]

MattNYC wrote:

HOly s~~~ man, that sucks but glad you were able to walk away, if a bit sore. You know it could’ve been a hell of a lot worse.

Consumer Reports has a good rep in terms of testing for reliability, MPG, etc. May want to have a look at their results; link below for reliability, since that’s the first thing i look for (I can change oil, spark plugs & a flat tire, but beyond that i’m screwed, hence my forcus on reliability)

http://www.consumerreports.org/car-reliability/most-and-least-reliable-cars-by-class/

If you haven’t yet, also look at Kelly Blue Book &/or Edmunds for pricing to help w/the asshole car salesman. Buying a car’s a lot like picking up chicks – always be willing to walk away; there’s always another opportunity!

Absolutely, feel lucky about not getting hurt and good advice about walking away from the sale, thanks!

"what a waste of a life, to marry, give up your freedom, just for the hope of not dying alone. Don't get married Son."

[Anonymous 3]

Used if you got a good mechanic, can trust the person you’re buying from, and the price is good (low).

Otherwise, you’re better off leasing these days, as car inventories are at all time highs so the lease rates are good. I’ve always owned my entire life until recently I got a lease. Most of these dealers these days also pay for all maintenance during the lease. But don’t go in talking about a lease, instead ask about cash out the door price, then a lease after you agree on a good price. Heck I’d probably still buy if the cash out the door price was really good, just usually they aren’t, especially with the transition to electric and automated driving coming up these next few years. I’d rather stick the obsolete tech on the dealer.

But for me I barely drove the past few years so it makes more sense I guess. If you drive a lot that also changes things.

Never look at a car as an investment, it’s nothing but a tool and a liability. It will pretty much never actually gain any value on you, only lose it and be an expense. So just make sure it fits your needs best.

[BigDParticipant 3024]

Cars are like your clothes, extremely personal. I can sit here and tell you all day the virtues of buying a used car. I can also sit here and tell you all day the virtues of buying a new car. Here are a few things I do know about cars.

1. A car is not an investment. It loses value over time.
2. A used car will save you money up front, but may cost more in upkeep over time.
3. A used car may have hidden issues that may bite you in the butt later on.
4. A new car is expensive up front, but you have more consumer protections.
5. The used car market drastically reduces your chances of getting the vehicle of your choice.
6. The new car market gives you more leverage to get the exact car you want. (Manual vs Automatic, Red vs Blue, so and so)
7. Trucks hold their value.
8. Trucks last longer.
9. Trucks cost more to fuel.
10. Trucks cost less for upkeep.

Personally, I buy new. I figure out how much that new vehicle I want would cost me per month if I finance, and I set that money aside in a savings account every paycheck. When it is time to buy I buy new. I continue to put aside the money into said savings account even after buying a new vehicle. When it is time, I trade in my old vehicle and cover the cost with what I have saved.

Your insurance is a lot cheaper when you own your vehicle outright, you don’t have to worry about repossession, and if push ever comes to shove you have a place to sleep if you ever lose your home due to finances or catastrophe.

This is just my two cents. Everyone’s finances are different. You could probably do what I do with used cars and save even more money if you trade out every three to four years and aren’t picky with what you drive.

Don't stick your dick into anyone you aren't willing to put up with for eighteen years and nine months.

[KeymasterKeymaster]

Wally wrote:

I would welcome any advice about cars. Should I go new? Used? Any insights on slick car salesman? I drove a Toyota Corolla and would like to drive something similar.

Thing about “new” is, the minute you roll it off the lot, it depreciates by thousands. You can’t even sell it the very next day for what you paid – even with 1 mile on it. Doesn’t make sense to buy a new car.

I was 38 when I first drove a “new” car – but it was a company lease and I wasn’t paying for it. That made sense, because it was a tax write off for them, but I prefer to OWN. The idea of paying someone monthly for 3 years and giving it back just doesn’t fit.

But I also think of cars like women – and vice versa. At first they are hott, that fresh smell, that tight leather….. Mmmmmmm ….. and then after a few years, the start creaking, squeeking, making noises, requiring higher maintenance for seemingly no reason. So for men, it makes more sense to LEASE and trade up for a newer, hotter, younger model before it starts acting up on you.

( Catch my drift ? )

NEW OR USED is a personal choice, and you can rationalize it either way.

You can also buy a 20 year old Porsche ( like my good friend ) and drive it into the ground. That’s what he’s doing and it won’t die. Great Porsche boxer he got for $8,000 and it looks cool now. He’s in no hurry to pay +$60K for a new one, and the day after, it will be worth $52K. Forget it.

That company lease I spoke about….. well, I actually BOUGHT THAT CAR when the lease was up. The company ended up paying for all the depreciation, and I got a great car for a terrific price that I drove since new ( for 3 years ).

So before I gave it back, I put some serious thought into it.
Why buy a car for $40K when I can buy this one for $20K?? Good decision.

I also sold it 3 years later for $16K in outstanding condition. So I drove a car for 6 years and it cost me $4K…. and in THIS situation, buying was the only solid choice. You’ll know what;s right for you, but you can get a nice car 2-3 years old with a GOOD chunk of the depreciation lopped off. Look in the right place, and it may even still smell new.

If you have a business, you can actually justify a new car if the business pays for it – either costs or expenses. But this isn’t my realm, speak to your accountant about that. If your business collects checks and has an income, your business can pay for a lease. Owning is different in this case.

( PS. Very sorry to learn of you accident and glad to know you’re OK.
It’s good news that “old or new” is all you’re worrying about. )

If you keep doing what you've always done... you're gonna keep getting what you always got.

[MGTOWmonkey aka No More Fucks To GiveParticipant 6635]

Anonymous wrote:

Otherwise, you’re better off leasing these days

It depends on his daily commutes because leased cars are limited to mileage(average 12k per year)or you cough up coin big time when its time to turn it in. So if his commute is short and his lifestyle doesnt come with much driving than a lease could work.

Never lose sight of what brought you here.

[WallyParticipant]

All sound advice, had not thought of leasing, but I do travel quite a bit so the mile limit is a consideration but I noticed additional mileage can be purchased cheaply at some agencies. All sound advice from everyone, thank you Gentlemen, appreciate it.

"what a waste of a life, to marry, give up your freedom, just for the hope of not dying alone. Don't get married Son."

[experiencedParticipant]

Years ago I was the recipient of a s~~~ty female driver’s running me off the road due to her carelessness.
One full week later, my back went out in a way too unbelievable to describe.
Be sure and document everything as the car might later be the least of your concerns. Witnesses help and get it written down now before they start softening “reality” in their memory.
Easier said than done, but for me, one week later…..

"It seems like there's times a body gets struck down so low, there ain't a power on earth that can ever bring him up again. Seems like something inside dies so he don't even want to get up again. But he does."

[WallyParticipant]

Thanks Guys appreciate the concerns as well, this is what I love about the MGTOW community, we are all brothers, and look out for the best for each other.

"what a waste of a life, to marry, give up your freedom, just for the hope of not dying alone. Don't get married Son."

[IAmManParticipant 228]

Don’t lease. Bad idea.
“Here is an eye-opening stat: A car dealership makes almost 16 times as much money on a car lease than on a new car sale! Smart Money magazine quotes the National Auto Dealers Association as stating that a new car sale means an $82 profit for the dealer. But when car leasing comes into the picture, things change. If you lease the car, the dealer can sell the contract to a bank or one of the car company credit divisions for about $1,300!”

I have read repeatedly that leasing is a horrible financial decision. Budget it out and see how much extra you’d be spending going that route.

If you want to do this based on optimal use of money here is my recommendation:
Buy with cash.
If you can’t buy much with cash then – you don’t buy much with cash. Then save and buy something bigger and better with cash after a few months to a year. Each time selling the previous car or scraping and selling that.
You will always get a better deal with cash then a loan.
Considering that and the amount of money you will lose from interest, you will gain a lot saving up for a car before the purchase. Hopefully you have a sizesable emergency fund saved. If not start one today.
And since you’re not trying to impress the girlies with a car, you have another reason to buy a burner car and start saving. Hell if you want to one day drop 30g on a car or more then power to you. But your money will go a lot further in cash than loans or leasing.

[BeerParticipant 11832]

Keymaster wrote:

That company lease I spoke about….. well, I actually BOUGHT THAT CAR when the lease was up. The company ended up paying for all the depreciation, and I got a great car for a terrific price that I drove since new ( for 3 years ).

My suggestion was going to actually be to just buy a 2-3 year old car. I bought a new(used) car last year and paid 17k for a car that would have cost me 32k had I bought it new 3 years ago. I paid a little over 50% of the original cost of the car, and if I take care of it the car still has 80%+ of its life left in it…plus ideally when I eventually get rid of it I’ll be able to sell it and recoup some of my money, or at least collect an insurance check on it if someone hits me. I’m pretty sure this is the most cost effective way to own a decent vehicle…you can get a car most people will think is brand new anyhow and you don’t have to own it during the time it gets most hit with depreciation.

IAmMan wrote:

I have read repeatedly that leasing is a horrible financial decision. Budget it out and see how much extra you’d be spending going that route.

I’d agree from a financial standpoint leasing is a bad decision, but some people just have to have a new car constantly, and then it makes a lot more sense than buying new cars. My buddies dad used to lease just because he liked having new cars…he lease an Infinity for 3 years, then tried a Cadillac, and now he’s driving a Lexus…he’s got plenty of money and loves having a fancy car, so it just makes more financial sense for him to lease those cars rather than continuously buy them then have to sell/trade them in when its time for his next toy. If he ends up with something the wife really likes when the lease is up they’ll just sell whatever she had been driving and buy the car at the end of the lease(she doesn’t drive much so her not having the newer car doesn’t bother her at all). If not, they just hand it back over to the dealer and he picks out the next thing he wants.

Of course though…I’d much rather just buy a 2-3 year old used car and hopefully drive it for 10 years before it starts requiring me to put money into it other than standard maintenance…but that’s because I’m only interested in having a reliable car, not a new car, and I really like to save money lol.

[IAmManParticipant 228]

I agree if you have money to spend and that floats your boat then go for it. It’s a good option for those well off and love to drive a new great car. My parents did that for a while and didn’t care about the money side as much.

[OldBillParticipant]

Buy or lease, but whatever you choose do not forget MattNYC’s advice regarding Consumer Reports, Kelly Blue Book, and Edmunds.

It always pays to do your homework.

Do not date. Do not impregnate. Do not co-habitate. Above all, do not marry. Reclaim and never again surrender your personal sovereignty.

[Anonymous 7]

A car can be an investment.

Buy a 60 mustang and refurbish it

[Big BossParticipant 4496]

I highly recommend the Mazda3. If I recall correctly my gas is 26 city and 34 highway. I got a new one for 20k. Otherwise a new corvette is on my wish list.

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