Cheap and low maintenance car that isn't a P.O.S?

Discussion in 'Fine Living, Home, Design & Auto' started by BlacKidLA, Dec 16, 2011.

  1. impolyt_one

    impolyt_one Senior member

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    ... but you've talked about your financial stituation on the forums in depth, down to the last dollar per month.... :confused: We were telling you from varying levels of experience that you don't want to go buy a $15,000 car on a $25,000/year salary, that is not gonna get you anywhere close a reasonable budget for transportation - you're talking about spending 50% of your take home pay on a used car when a real world car budget plus all of the ownership costs involved combined would be healthier under 10%. :confused:
     
  2. BlacKidLA

    BlacKidLA Senior member

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    But that was a few months ago. What if my salary changed? What if I hit the lotto? What if someone died and I was left with a good chunk of money? All I asked for was a fun car to drive for 15k.
     
  3. Joffrey

    Joffrey Senior member

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    How about you grow up? You asked for advice and people are giving it to you. Some are nicer than others, it's the internet take it like a man.
     
  4. BlacKidLA

    BlacKidLA Senior member

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    Ok.
     
  5. impolyt_one

    impolyt_one Senior member

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    it's basic math man.
     
  6. SField

    SField Senior member

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    You make no sense. Trust fund? Are you fucking serious?

    You gave us hard numbers. They don't add up. It's pretty simple, "bro."
     
    Last edited: Dec 25, 2011
  7. norcaltransplant

    norcaltransplant Senior member

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    The mods should really keep this thread alive as a reference for HS kids and recent college graduates who have a penchant for expensive automobiles. I took a personal interest in this thread, because I currently drive the cheapest, though a relatively new car, among my co-workers (2009 Toyota Yaris 4-dr). Using the Geico website, I switched the insurance premiums from my current car to a 2004 Mercedes CLK550. The sixth month premium increased from $900 to $1200 (caveats >30yo male with >1 million liability. Updating to umbrella policy this year).

    1) LA insurance is probably in the ballpark range of NYC (e.g. $150-200/month, rather than Andrew's $75/month).

    2) Assuming car payments (24 month time horizon as stated by OP) @ 2.9% = (16k principal) = $687 according to bankrate.com

    3) Gas= $150/month as per OP

    4) Maintenance=???

    = $987/month for the privilege to drive, this assumes NO MAINTENANCE BUDGET and incorporates the lower estimates for insurance

    Paycheck City calculator for California @ 25k/year= $782 x 2 = $1564/month --> 63% tax home pay alloted to vehicle
    @50k year (assuming a promotion or extra money)= $2859/month --> 35% tax home pay

    Given the cost of housing in the LA area, I would seriously try to limit the car budget to about half the original estimate.
     
    Last edited: Dec 25, 2011
  8. norcaltransplant

    norcaltransplant Senior member

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    Ironically, I wonder constitutes the cutoff between broke and not broke. I can't imagine spending $1800 out-of-pocket on a window. But maybe I'm just cheap.
     
  9. SField

    SField Senior member

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    I wasn't happy about it, but I knew that I was getting into something like that if I took on that type of a car. I'm sure it won't be the last thing.
     
  10. BlacKidLA

    BlacKidLA Senior member

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    Alright, fine. I give up. What is a good cheap car that has low maintenance but isn't a P.O.S.?

    I can slug it around in a beater for a while until I can afford a nice sporty care comfortably.

    THANKS FOR OPENING MY EYES ASSHOLES.

    I guess my budget would be anything below $10k.

    Thanks.
     
    Last edited: Dec 25, 2011
  11. Harold falcon

    Harold falcon Senior member

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    Slightly used Honda Civic or Toyota Camry.
     
  12. SField

    SField Senior member

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    Or lease lika a Ford Fiesta or a Hyundai Accent. They aren't bad at all and great cars for someone like you.
     
  13. impolyt_one

    impolyt_one Senior member

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    that was basically what I was saying above - all you had to do was split $15K by 2 and then unfortunately double that figure to account for his ungodly insurance rate, gas, parking, and then real life maintenance (for a late model MB, let's be realistic and say about $3000 a year (and this is 'reliable' unfortunately)) - that would take you up to $15K each year for the two years you'd pay for the car, and then $7-8K for subsequent years = $15 car is a $45K experience for 4 years.

    Even simpler terms, using common sense - OP's salary is so close to the federal poverty line (ie foodstamps and benefits) that a Mercedes CLK500 doesn't really match with the picture. I am not deriding OP for his income level, I was once there at his age too probably - I just didn't expect to get out of college and get a late model Mercedes V8 coupe.

    SField is right, OP would probably be better off financially if he could find the best deal he could on a B or C segment car lease. It'd bring his transport cost down to like, $20K for 36 months if it were a $200/month lease.
     
    Last edited: Dec 26, 2011
  14. Reevolving

    Reevolving Senior member

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    Drive a $5000 budget until you actually have money. Used car with 80k miles.
    Impressing women is moot, b/c you live at home. You're not fooling anyone.
     
  15. Harold falcon

    Harold falcon Senior member

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    Wait, OP lives at home with his parents?

    Jesus fucking Christ. What a shitty world it is where people value a car above personal responsibility and independence.

    OP, piss off.
     

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