The "it's not worth it" mentality

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I own one car, and a truck-based SUV, both of which are over ten years old. I do most of my work myself, unless it's something like an overhaul, and enjoy every moment. I also use the best parts/lubricants/fluids I can afford, and spend time researching products thoroughly before going ahead and purchasing. I think the latter is a true statement for all BITOGers.

Both vehicles are on their factory original drive trains (286,000 km/179,000 miles on the Mercury and 355,000 km/222,000 miles on the Mitsubishi), minus the cylinder head gaskets on the Mitsubishi, which I voluntarily replaced along with the valve guides to overcome an oil burning issue at the time. The Mitsu does not burn a drop of oil between 6,250 mile drain intervals (a BIG achievement for a 6G72 12-valve), and the Mercury consumes just under 250 ml at the same drain interval. I think whatever I've done has paid off. I enjoy driving both vehicles, and they both run like a dream.

What I do not appreciate, however, is when I get friends and family sticking their noses into my business. The typical questions are - why such an expensive engine oil for such an old car? Why are you importing ceramic brake pads? Who replaces an air filter every 10,000 km? Why don't you just sell them and buy one new vehicle, do you really need two? Why are you modifying and spending a lot of money that old Ford? Best one yet - you've got more money than sense.

I like owning older cars for many reasons. First off, both are paid off ages ago (I always pay cash for my cars). They also keep me occupied with something to do - I can't really imagine having a car with nothing I can do to it, other than clean and detail. I also don't have to use the dealership's service department for the sake of not losing the warranty (a requirement here), and it's a learning curve. I've learned how to service my own brakes, replace a steering wheel bearing, shift lever bushing, etc. on the Mitsu. I also learned how to replace my parking brake cable, instrument cluster, shifter bushings, etc. on the Mercury. To others, this may be a "waste" of time, but not to me. Most importantly though, I've "bonded" with both...would be very hard emotionally to sell either of them off.

I think at the end of the day, we're all free to do whatever we want. What are your reasons for babying your older vehicle(s)?
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Most people dont understand you get more out of something if you take care of it. I also hate when people say its not worth it. If you want to do somethiing that might not make you money from doing it one should not decide to not just because it doesnt make you rich. People can do something for personal satisfaction or other gains than money. Its all about $ to most people and i also hate when people get in my business as well.
 
Pretty much the same to me.
I miss my older cars. My new car is great, don't get me wrong, but it's no fun, nothing to fix or do.

Plus, older cars seem to have more personality when behind the wheel.

I keep debating selling my new car and getting an older car again. It's always on my mind. Would love to not have a car payment. I only really bought new because of my commute. If I was not commuting, I would still be driving my 1996 Saturn, no doubt about it.
 
They are easier to work on, and the taxman here doesn't whack you for owning one. $70.00 per thousand, PER YEAR property tax in one North East City. I'm not interested in owning a rolling box of electronics, just a car. You'd be amazed at the number of folks who have to park their 'Imimpressedomobile because the miles allowance is up but the lease has three months to run. Looks good in the driveway, though, and the salesman will "roll it all in" for you on the next one. I'm more proud of the fact than my kid is out of college not owing a DIME.
 
Many people around here are usually too cash poor to do a brake job or any other bigger ticket item. So instead of doing maintenance as required, they let it pile up until it costs them $1k or more to deal with everything properly. That's when they usually declare the car not worth fixing and trade it in for a new one. After all they can "afford" several hundred dollar car payments for 5-7 years, but can't spring $1000 on maintenance.

Add the need to keep up with your neighbors and have the latest gadgets and toys in your car, and people end up keeping their car not much longer than the warranty period.
 
I maintain the heck out of my cars not because it makes them last longer (though it probably does). I do it simply because I enjoy doing it.
 
Pride of ownership. Most of us here will relate and understand there is nothing wrong with what you are doing. If only more people would think the way you do, we would have many more older cars on the road today. I find the people thinking always having a car.payment is cool.... amusing.
 
I too have debated oh so many times to sell my 98 Camry V6 in favor of something newer and more economical. At the end of the day, the Camry, which I've had since new in 98, is simply worth more to me.

Here are some quick facts off the top of my head.

30k loaded model Camry.
After financing, its like a 40k car now
+all maintenance over the years
+repaires totaling 10-15k from having 3 accidents (even though insurance paid for it, I'm still included it)

At the end of the day, my Camry has cost a total of like 60k to keep on the road for 15 years and ONLY 217,000 MILES. To me, it just doesn't feel like I've gotten the value outta everything that was put into it.

I just did a second Timing belt change, new tires, new brakes, she's ready to go for another 100k. It doesn't make sense to sell it for 2-3k.

That's just the way I look at it.
 
IMO, it could be a lot of laziness, not liking the process of having to repair or maintain a vehicle(outside of engine/transmission replace), or folks that simply can't do the work themselves physically or that don't want to(insert reason).
Usually it's those that can throw money at a new car, but who knows maybe people are still putting new cars on credit and not taking care of their previously owned.
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Same here, I'm not going to spend $20K on a brand new car and lose thousands on depreciation. If it really is a good car then it will be good used. I buy only used and do all my own work and have saved enough to buy other used toys.

I really like it when other people buy new stuff for me and work out the kinks.

I was really really happy when my son said, dad why would I buy a brand new video game for $60 when I can get a used one for half that at EB Games. Yay, he's learning young to let others pay for him first. Now if I could just get him to not play the games at all......


We had a guy at work that owned a used and paid for car. It needed about $1500 worth of work. It still had many years left in it. He said "it's not worth it" and bought a new one. No one told him that $450 a month payments add up to $5400 a year and that the new car depreciated about that much per year as well. I guess it's not worth it means different things to different people.....
Now he was not mechanically inclined, but he was able to learn and buy tools if he so tried - he never did. If you can spend an hour or 3 watching TV a day you can learn and fix your own stuff. We really do throw a lot away these days because society tells us to...
 
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Love what everyone is saying on this thread. Folks make some pretty basic financial mistakes by not thinking the cost of new cars. It is a free country and new cars are great but proper respect is due to those who keep cars for longer than a decade and achieve starship mileage.
 
I like the rest of my family, like buying new. It's got a warranty, and keep it and pay it off. Once it's payed off I can either keep it, or trade it in on something new. I like having new cars. I like knowing that if something breaks, all I have to do is drop it off at the dealer for a few days and then pick it back up again. Plus, *generally* (not always) new cars are more reliable than older cars to begin with. I like that with my cruze, and our equinox, I do all the maintenance on them, so I KNOW they have been well taken care of. When you buy a used car, you really have no idea how it's been treated.


But I do take good care of my stuff. Heck, when I had the cavalier I was running PP, and Castrol Edge in it. I used good brake pads, good tires, etc. I don't believe in cheaping out just because it's older. Heck, we are buying a pressure washer, and I already have a quart of Rotella T6 5W-40 to go in the engine, and a bottle of Mobil 1 75W-90 gear oil to go in the pump. Leafblowers and string trimmers are pretty much disposable. But I'm running trufuel 40:1 pre mixed 2-stroke fuel, I'm using NGK (blower, champion in the trimmer) plugs. I will spend money to maintain my stuff. It's the same reason I clean dust out of my comptuers on a regular basis, and I buy high quality components for those as well.
 
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Just don't let it bother you. You know what value it adds to the car, and the car is for you, not for them. Drive what you like and care for it however you want to.

My truck is 10 years old and looks pretty beat up. It doesn't look like something that would have Mobil 1 in the engine, but it does. I am willing to spend a little more time and money on maintenance to make sure that my truck will be consistently reliable everyday. No breakdowns in a decade is a pretty good track record and I intend to keep it up.
 
I almost had that mentality but didn't have a choice with the Focus. Originally $540 to fix the AC but a few days later needed another $400 after realizing it had more problems. Good thing I didn't know it last week or probably wouldn't of! Had to tell the wife the same thing on getting new tires for the Escape and alignment. $600 for tires or $900 for getting the AC fixed is heck of alot cheaper than a new car!
 
I generally buy new vehicles and always factor in maintenance costs when buying. I would rather buy a $25,000 vehicle that I can afford to maintain properly, than one that costs $7,000-$10,000 more that leaves me struggling money wise to maintain properly.
 
Where I am in life right now, it made more sense to get something new and fuel-efficient instead of used. I ran my old car until the structure was rotting away. The new ones will be the same. At least this time around I know more about how to maintain them so they look good for longer.
 
External economics play a huge role in whether a new vehicle is more plausible than used. When the economic downturn first occurred, gas prices were sky high. A 3-4yr old fuel efficient economy car could fetch a price very close to new. So to choose new was as reasonable as used. Type of vehicle and urgency also play a role.

Also, personal economics play part. If a new car has close to 0% financing and your personal loan rate is neat 8% or whatever, in the end it may be more affordable to buy new.

If am fortunate to find a used or new vehicle that has little repair work that runs for seemingly forever...good for me.


Of course if you have the cash in hand to pay in full...the world is your oyster and you have earned your choice.
 
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