Originally Posted By: Nick1994
Originally Posted By: supton
Thanks Hokiefyd.
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I found a local 2002 Camry, stick, for ok money, pointed it out to the wife, who kinda sorta rolled her eyes to the idea. Older car than I am getting rid of, and I'd immediately have to do work (rocker, exhaust, tires). "But it'd be paid for!" Well, for the sum total of what I would pay for the first year of ownership of new/CPO, and all upfront.
So be prepared for that sort of response to friends trying to figure out why you are appearing to go backwards in the scheme of things.
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Quick look seems to indicate that yes this 2002 I found is in the range for bad headbolt threads in the block. Unknown failure rate, unrelated to how the owner maintained the car. Later 2.4's might have oil consumption problems.
I don't think it's going backwards, if I do the camshaft and add up the cost of the new timing belt in January, that's about $5,000 within the last year of repairs. I don't think one can spend $5k in repairs in a Camry, I could probably buy a new crate engine and transmission for a Camry for that amount! Then there'd be 300k miles left in it! Lol.
Yep. But others will see otherwise.
I tabulated costs on my car. It was close to $14k in repairs and maintenance. I do not have it in front of me right now, but it was 6-8k in repairs alone. Another $22k in fuel. I think it was $63k for 314k and 11yrs. Next year was an easy 3k, and this year was only half done--who knows what else might break in the meantime.
Imagine what that would have done if I had it in an index fund instead...