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  1. #1
    Kathy Dickinson
    Guest

    Default Husband Wants Car Buying Advice


    My husband asked me to post this.

    Kathy,

    Maybe you could put this up for discussion on your tightwad message
    board, or at least let's talk about it.

    1990 Honda Accord. Paid for.

    It requires NYS inspection by end of July 2003. It will fail the
    inspection because it needs the following:

    Problem/Replacement Cost

    1.) Windshield/New $300/Used $183(if can find at Junk Yard, Kneer's
    didn't have one).

    2.) Springs/Both $250 (recommended)/One $110

    3.) One Tire/$80

    Total: $363 - $630

    The car has 201K miles on it. So it is due for Timing Belt/Water Pump
    replacement. The preventive maintenance will cost ~ $525.

    Insurance is a little complicated. Because I have two cars on the
    road, I get a 25% discount. But I pay $700/6 months or ~$1400 per
    yr. From the $700 total, $383 is the Honda policy. If I take the
    Honda off the road I lose the 25% discount, so the insurance for the
    one car becomes not $317 (700-383) but $455. The savings is (700-
    455) $245/6 months or $490/yr. The Insurance bill due at the
    beginning of July is $700.

    To keep this car on the road, it will cost me $1291 - $1538 over the
    next 3 months. And this is for the problems I know about. If I
    take the car off the road, I save the above amount plus $245.

    Will it cost more than $1500 to replace it? I have no doubt that the
    insurance for a replacement would be higher. And I don't think it is
    possible to get a reliable car for < $1500 that doesn't require
    sinking money into it. At least with the Honda I know the brakes,
    exhaust, CV, alternator are okay.

    We live in a (very) rural area. My commute is 45 min one way @ 23
    miles. Is it unreasonable to have one car for the family? We have
    a 15 yr old and an 8 year old. What if the one car breaks down.
    It's a 1998 Windstar. Doctors' appts, piano lessons etc. all during
    the day. Who makes the sacrifice of not having the car during the
    day. I don't live on a bus route, No one in my area works near where
    I do.

    Would a tightwad take this car off the road?

    Dan

    I'm going to add that we have $2,900 in our savings. Dan brings in
    $3,200/month and so far this month we will have approximately $200
    left over if we are very careful.

    We had a couple of steep bills, and can look forward to more in the
    next couple of months, including the car insurance bill. We are
    trying to pay off our credit card debt of $3,900.

    I am willing to drive him to work, and pick him up, if I need the car
    for the day, but I am a little concerned about emergencies. There
    have been a couple of times a few years ago when we didn't have a

    second car for a couple of weeks and it worked out fine. The second
    car was being repaired.

    I can plan shopping trips around the piano lesson or scheduled
    doctors' appointments.

    We homeschool, so I don't have to pick my children up from school for
    any reason. If a senior citizen luncheon is planned during the week
    for church, I can get someone to pick my daughter up.

    If Dan travels, he can rent a car, and his employer will reimburse
    him for it.

    I should also tell you my husband is angling for a brand new Honda
    that will cost approximately $16,000 after sales tax, etc. )

    I don't mind too much, but I'm a little concerned that our budget and
    spending is already a little tight and there won't be anything in our
    savings. When he traveled extensively we always had extra money.
    He got a promotion and travels rarely now.

    He bought this Honda used for $4,500 and he has done very well with
    it. I'd like him to do it again.

    Kathy


  2. #2
    Stephen Arenburg
    Guest

    Default Re: Husband Wants Car Buying Advice


    --- In Budget101_@yahoogroups.com, "Kathy Dickinson" <kathy@h...> wrote:
    > My husband asked me to post this.
    >
    > Kathy,
    >
    > Maybe you could put this up for discussion on your tightwad message
    > board, or at least let's talk about it.
    >
    > 1990 Honda Accord. Paid for.

    The way a car should be!


    > 1.) Windshield/New $300/Used $183(if can find at Junk Yard, Kneer's
    > didn't have one).

    Most junk yards "parts recyclers" are linked by computer, and can
    search around for you. It should still be cheaper than $183

    > 2.) Springs/Both $250 (recommended)/One $110

    Spring should only be replaced if they are broken - which is rare for
    coil springs. Usually it is the shocks/struts that are gone. If a
    spring has punched through the strut towers, the car is toast

    > 3.) One Tire/$80

    The Accord should use 185/70R14 tires. You could look for used tires
    (ask where the taxi owners go), or find one at Wal-Mart or Costco.
    Tires that size can be had here in southern Ontario for about $60
    canadian.

    > The car has 201K miles on it. So it is due for Timing Belt/Water Pump
    > replacement. The preventive maintenance will cost ~ $525.

    This might be expensive, but the replacement should last another 100 K
    miles, and if the car was properly maintained it should go the
    distance. The two main issues would be drivetrain and body. A cheap
    barometer would be a compression test of the engine, a pressure test
    of the cooling system, and monitoring if you are burning oil. You did
    service the transmision at the mandated intervals right? If the body
    is in good shape the car should last half as long as it alreadfy has
    (about another 6 years or so)

    > Insurance is a little complicated. Because I have two cars on the
    > road, I get a 25% discount. But I pay $700/6 months or ~$1400 per
    > yr. From the $700 total, $383 is the Honda policy. If I take the
    > Honda off the road I lose the 25% discount, so the insurance for the
    > one car becomes not $317 (700-383) but $455. The savings is (700-
    > 455) $245/6 months or $490/yr. The Insurance bill due at the
    > beginning of July is $700.

    If you have "collision" drop it. The car isn't worth enough.

    > To keep this car on the road, it will cost me $1291 - $1538 over the
    > next 3 months. And this is for the problems I know about. If I
    > take the car off the road, I save the above amount plus $245.
    >
    > Will it cost more than $1500 to replace it?

    Most likely


 

 

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