New car or stick with Subaru?

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Hello everybody,

New member here, have my 05 Baja I purchased new in 2005. Just turned 90,000 mileslastweek. I use Pennzoil High Mileage conventional 5W30 paired with a Super Tech filter. Car runs good but got the new car itch. My Dad always had great service with his Toyota Camrys over the years. Have about a 30K budget & would like some feed back please.
 
Originally Posted By: BAJA_05
Hello everybody,

New member here, have my 05 Baja I purchased new in 2005. Just turned 90,000 mileslastweek. I use Pennzoil High Mileage conventional 5W30 paired with a Super Tech filter. Car runs good but got the new car itch. My Dad always had great service with his Toyota Camrys over the years. Have about a 30K budget & would like some feed back please.



I would say as long as it’s running great just keep on with it. That new car itch hits all of us but that’s not enough reason to buy a new car. I would be saving money for the down payment here if possible.

With that said, nothing wrong with Subaru. I would also consider Toyota and Mazda.
 
90k isn't a lot of mileage, but it's high enough to not get much for a sale or trade in.

Unless there's something you don't like, I'd probably try to run it at least another 30-40k, which will be essentially free other than some maintenance parts or a few minor failure.
 
13yrs with the same Subaru and you've got the itch you say? Good for you! I say treat yourself to something new to you.
 
What about keeping it and adding something new?

I was in a similar spot a week or so ago...thought about trading in the LR3 for newer LR4. LR3 has no trade in left (like $4000) due to the miles and I know everything in its history, love driving it still so I decided to hang on to it and maybe someday if I have room I'll add a newer Rover to the fleet.
 
Car is primarily parked in my garage 80% of the time. Underbody is in great condition, the only thing wrong with it is the hood needs repainted. I guess im going to have some service work that needs to be done coming up soon also my Dad said? The bed is used to cart wood from time to time for my fireplace so it is handy.
 
There's a big difference between having $30,000 in cash, and being able to afford the payments on a $30,000 loan.

If you have $30,000 in cash, your Subaru is getting a little unreliable or not quite meeting your needs and you just feel like buying a new car, I say go for it. On the other hand if the Subaru is still going strong and you can only "afford" the payments, there's a pretty strong argument for sticking with what you have.

My secretary ran her Subaru Legacy for hundreds of thousands of kilometers. Nothing ever went wrong and it just kept going.

I strongly believe that getting out from under payments is one key to financial success. And you don't get rich buying a depreciating asset.

Meanwhile, just think what would happen if you continued to put away your monthly payment as savings or better yet as an investment for a few years. As one of my friends said, "I've been happy and poor, and happy and rich, and rich is better."
 
Originally Posted By: ecotourist
There's a big difference between having $30,000 in cash, and being able to afford the payments on a $30,000 loan.

If you have $30,000 in cash, your Subaru is getting a little unreliable or not quite meeting your needs and you just feel like buying a new car, I say go for it. On the other hand if the Subaru is still going strong and you can only "afford" the payments, there's a pretty strong argument for sticking with what you have.

My secretary ran her Subaru Legacy for hundreds of thousands of kilometers. Nothing ever went wrong and it just kept going.

I strongly believe that getting out from under payments is one key to financial success. And you don't get rich buying a depreciating asset.

Meanwhile, just think what would happen if you continued to put away your monthly payment as savings or better yet as an investment for a few years. As one of my friends said, "I've been happy and poor, and happy and rich, and rich is better."



I actually signed back in to give this a thumbs up. Well said.
 
No need to spend $30,000 to get a reliable vehicle.

Lots of used vehicles in the $10-15K range.
 
If you're good with the performance of what you've got, stick with it and get your financial ducks in a row.

One thing people seem NEVER to do is place a FOR SALE sign in their cars WAY AHEAD OF TIME so you can get a feel for what people are willing to pay.

Time to get your Subaru's impressive maintenance list together.
 
Keep the Subaru if it meets your transportation needs; 90K miles really isn't much, unless you've really done 360K 1/4 miles.
 
Originally Posted By: ryan2022
ecotourist said:
There's a big difference between having $30,000 in cash, and being able to afford the payments on a $30,000 loan.

If you have $30,000 in cash, your Subaru is getting a little unreliable or not quite meeting your needs and you just feel like buying a new car, I say go for it. On the other hand if the Subaru is still going strong and you can only "afford" the payments, there's a pretty strong argument for sticking with what you have.

My secretary ran her Subaru Legacy for hundreds of thousands of kilometers. Nothing ever went wrong and it just kept going.

I strongly believe that getting out from under payments is one key to financial success. And you don't get rich buying a depreciating asset.

Meanwhile, just think what would happen if you continued to put away your monthly payment as savings or better yet as an investment for a few years. As one of my friends said, "I've been happy and poor, and happy and rich, and rich is better."



[censored] right there. There’s few worse wastes of $$$ than new cars. They really do suck you dry and then they rust away Besides those old Subaru’s just go forever moreover theirs is one of the only 4wd systems that really never breaks down with age.
 
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