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The Official Cars Discount / Thrift & DIY Questions and Bragging Thread. - Page 33

post #481 of 546
Thread Starter 
Quote:
Originally Posted by Nobleprofessor View Post

Why? 

Cheap, high miles.

Can be clean as. But if the engine is tired. Pass. I'd rather buy a low mile car with a broken windshield.

Mechanicals first.
post #482 of 546

Someone asked me about buying a BMW 5 series or a 7 series (from 1995-2001) and I started thinking about what I have had to spend on my car.

 

I bought my 2000 BMW 740iL 4 years ago with 159,000 miles. I now have 228,000 miles. In the 4 intervening years, I have had to do the following repairs and maintenance:

 

Replaced the battery twice, one was free as the battery was under warranty -- $200

Replace Tires - $400

Replaced the coolant reservoir and coolant level sensor around $120  

Replaced the radiator -- $400 (includes labor cost at shop)

replaced rear brake pads $100 

replaced passenger door lock actuator $250 (includes labor cost at shop)

changed the spark plugs - $75

replaced one ignition coil - $70

replace fuel pump and fuel filter -- $500 (includes labor cost at shop)

 

That adds up to $2115 in four years and 68,000 miles. I doubt I could have driven a new car and spent less than that in 4 years!

 

Even if I figure in the cost of 12 oil changes (some done by me and some at a shop) with an average cost of $50 each, that brings the total to $2715. Less than $3000 in 4 years and almost 70,000 miles.

 

So, I decided to figure out the TOTAL operating costs for my car. I added up the cost of the car + insurance + gas + maintenance and repairs + licensing and taxes. I added it all up and my total ownership costs is 23 cents per mile.

 

According to AAA, the average operating costs in the USA is 57 cents per mile (for all car styles). The average operating cost for a large sedan is 69 cents per mile. Those amounts for the miles I have driven would have been $38,760 and $46,920 respectively. I spent a total of $15,728 for my car including everything.

 

A few sites I have seen provide the average operating costs and the cheapest vehicle for 5 year operating costs was a Toyota Prius at approximately 30 cents per mile and the average cost of a small sedan at 46.4 cents per mile.  

 

Despite the conventional wisdom, my 740iL has been extremely cheap to own and is more than twice as cheap as the smallest and cheapest average cars.

 

Lately, I have been trying to figure out what to do with my 3 cars (two E38 BMWs and my 92 Ford Truck).  This has definitely made up my mind.  I'm going to sell the newer 2001 BMW 740iL (133K miles) and keep my truck and just keep driving the 2000 BMW 740iL!  

post #483 of 546
Thread Starter 
That's some amazing stats.

Have been a long term fan of the idea that a top tier, well built car will be cheaper to live with than a new cheaply made car. With large engines being economical as a small car.

You just confirmed it.
You got a great car there.nod[1].gif
post #484 of 546
Awesome write up noble! Really cool to read.

Did a battery change this afternoon. Absolute pain in the ass. All the post bolts were locked up and rounded off. Took 45 minutes with a channel lock to pull em out a thread at a time. Fun times
post #485 of 546
That cost of ownership is way lower than I would have expected to be honest!
post #486 of 546

Hey guys new to this thread and to tell the truth I've come begging . I am looking to buy a used vehicle for my daughter 12-15 K range mostly around town and some local freeway stuff. I only drive trucks so I don't know jack about cars any recs appreciated

post #487 of 546
Quote:
Originally Posted by Numbernine View Post

Hey guys new to this thread and to tell the truth I've come begging . I am looking to buy a used vehicle for my daughter 12-15 K range mostly around town and some local freeway stuff. I only drive trucks so I don't know jack about cars any recs appreciated

What kind of weather will she be driving in? I also assume safety is paramount. If your winters come with ice or snow then winter tires are the best investment you can make for safety.

Something with high IIHS ratings will also be important.

Other than that, I think a small SUV or mid sized sedan with AWD would probably work best. 50-70k miles will likely get you into the budget range. Nothing too snooty like a German, Japanese probably works best to tick the boxes. Rav4, CR-V, or Rogue for small SUV or something like an Infinti G25 could be found for a good deal these days with AWD. Otherwise you're looking at FWD Altimas, Accords, Sonata or Elantra etc which aren't terrible. You don't want to get too crazy here haha.
post #488 of 546
Quote:
Originally Posted by whiteslashasian View Post
 
Quote:
Originally Posted by Numbernine View Post

Hey guys new to this thread and to tell the truth I've come begging . I am looking to buy a used vehicle for my daughter 12-15 K range mostly around town and some local freeway stuff. I only drive trucks so I don't know jack about cars any recs appreciated

What kind of weather will she be driving in? I also assume safety is paramount. If your winters come with ice or snow then winter tires are the best investment you can make for safety.

Something with high IIHS ratings will also be important.

Other than that, I think a small SUV or mid sized sedan with AWD would probably work best. 50-70k miles will likely get you into the budget range. Nothing too snooty like a German, Japanese probably works best to tick the boxes. Rav4, CR-V, or Rogue for small SUV or something like an Infinti G25 could be found for a good deal these days with AWD. Otherwise you're looking at FWD Altimas, Accords, Sonata or Elantra etc which aren't terrible. You don't want to get too crazy here haha.


We live in coastal california so weather is as minimal as it gets. Just looking for reliability and a starting place in the search thanks

post #489 of 546
Toyota Prius. I am serious. Very practical and can be cost effective. Pretty sure its up there in reliability as well.
post #490 of 546
Quote:
Originally Posted by jcman311 View Post

Toyota Prius. I am serious. Very practical and can be cost effective. Pretty sure its up there in reliability as well.

I was actually going to add that going with a hybrid model in any of the aforementioned cars/makers might actually get your daughter some additional cred with her peers.
post #491 of 546
Thread Starter 
Hate to say it. But a Prius might be right. They actually have aftermarket support for visual mods too.(wheels,bodykits,etc)
Just get the latest gen if possible.
Nothing wrong with buying your daughter a chicks car.
post #492 of 546

I really have no problem with a Prius except that we live in the Prius capital of the universe and my daughter is less than enthusiastic. Maybe a better way to go about this is to find something we like and then ask opinions might be simpler. I suggested I give her my 2014 Tacoma ski truck and I buy a new one.My wife quashed that idea

post #493 of 546
Well there is a reason everyone owns one.

Not a bad idea to gather some ideas and comeback. I would say as general guidance to avoid volkswagen and chrysler products. (Litigation and reliability concerns)
post #494 of 546

12-15k will buy a really nice miata. Pretty damn reliable and you can get the hardtop in the price range as well. Should even buy an NC which is way more livable and could possibly buy a PRHT model (power retractable hard top).

On a more practical note, but not really since it's an easy year round car in california, you have so many options in the 12-15k range. Elantra's are decent, mazda 2/3/6 should be available used in that price range, as well as the usual corolla/camry/civic/whathaveyou.

post #495 of 546
Thread Starter 
I'm going to say . . If i had a daughter who needed a car that would be comfortable and reliable wifh space for her to live with and can fit her friends in it? And apart from mechanical piece of mind. Has to be cool enough for her to be proud of it?

Craigslist samples . I got bored.
http://baltimore.craigslist.org/cto/5848536529.html
Needs the steelies and hub caps imho. But fresh and super cool. Simple to fix. And cheap to own. Win.

Or one of these? Test drove one and was impressed. Surprisingly economical. Well built. And flexible as a daily you could live with. -also cool.
http://baltimore.craigslist.org/cto/5851110562.html

These are fun to drive. Ladies like them. Not sure about maintenence costs. But a warranty would go a long way with this.
http://losangeles.craigslist.org/sgv/cto/5852868787.html

So hot right now. .
http://losangeles.craigslist.org/lgb/cto/5854029813.html

Honestly, in your shoes? I'd have this detailed to the max. And throw her the keys. nod[1].gif you just don't see Ghia's this clean no more. Timeless. Reliable. Stylish.
http://losangeles.craigslist.org/lgb/cto/5853944840.html

Meh. Browsing is fun.
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