97 Month Auto Loan

[threeputtpar]

Originally Posted By: rjundi
Originally Posted By: threeputtpar


Finally a comment that actually takes into consideration the person's situation. We are currently eyeing the 2014 Odyssey, as our Mountaineer is getting long in the tooth and our main concern is having a vehicle that will give us the fewest problems.


Out of curiosity how many miles does a Mountaineer have to make it "long in the tooth"?



It has 109k, and we bought it with 9k 6 years ago. Now that we have two children, it's time to move up to the minivan. Plus, for a full-size SUV the front seats have very little room for me at 6'2". My head is always pressed against the roof.

 

[hattaresguy]

Originally Posted By: JasonTL
Originally Posted By: itguy08
Originally Posted By: dishdude

I sure wouldn't want to be involved in a serious collision while riding in an 80's car. Give me a modern day vehicle that is designed to protect the occupants and has airbags any day. Today's cars are a bargain considering what you get and how much longer they last.


IIRC airbags offer little additional protection vs a properly used and functioning seat belt. http://www.freakonomics.com/2005/07/18/which-would-you-rather-have-a-seat-belt-or-an-air-bag/

I'm not one that things have to be 100% safe...

I'd much rather be in my 88 Burb if I was in a collision. I'd also feel safer having my kids ride in my 88 Burb vs my friend's 2011 Acadia(or 2013 Escape).
New plastic, or old steel. Good steel doesn't go bad with age, newer plastics have been cut in quality due to the economy. I'll take my tried and true steel.
Not to mention airbags only save you if they don't kill you. A seat belt won't kill you.

As for the 97 Month auto-loan, I can't imagine ever getting one that long. Like has been said, the car's value would be lower than what you paid by the time you paid it off.


If you roll your 88 "burb" it would crush you and kill you. Roll a 2013 and chances are you would walk.

Your post shows a fundamental misunderstanding of auto safety and accident dynamics. I suggest lots of research on the topic.

The short executive summary of the topic is that newer is better.

 

[hattaresguy]

Originally Posted By: GenSan
Rich or Drive Rich?


One of the richest people I know drives on average a 10 year old Silverado.

He buys new trucks because his accountant tells him he needs write offs at the end of the year, but lets his family/workers drive the new trucks.

This is a guy who last year flew in 30 of his family members from the US and Japan for a family reunion on a small cruise ship on the med for two weeks of all expense paid fun.

A number of people in $80k cars wish they had in their checking account what this guy has.

Most people with a lot of money try to buy vehicles that are nice but not to flashy. This is why GM makes $60k trucks and SUV's. You can roll around in one and people think your doing OK. Pull up in something European and well perceptions change.