Post # 1
Here’s the sitiuation….My car is completly shot, it has 180,000 miles on it and the repairs would be way more then it’s worth. My fiancee thinks we should buy a newer car and finance part of it, I think we should pay cash and buy something that will work for now. I figure the break even point on the Focus is less than a year and we could buy something nicer then. My finacee feels that we should get something reliable that will last for a while. We could more then afford payments I just really don’t want them.
A. 09′ Honda Civic apx. 50,000 miles for $9,995
B. 05′ Ford Focus apx. 100,000 for $3,200
Which should we go for?
Post # 3
honda civic. it’s a better deal and value. i think if you pay $3200 for the ford just to get rid of it in a year, that’s a huge waste of money. the civic will last you another 10 years.
Post # 5
Civic for sure. Better drive IMO too. I wasn’t a can of the focus.
Post # 6
I know that people get on the Dave Ramsey method like it’s crack, but it’s really not feasible with the way that our (albeit busted) system works. By purchasing a better, more reliable car, you won’t have to worry about dumping money into it to fix things. By financing, you will help your credit grow, as long as you can afford the payments and the insurance.
Post # 7
I think you should definitely go for the civic.
If you get rid of your current car, and then settle for an older car with high mileage you could very well end up in the same situation really soon.
Post # 9
Civic. I have a 97 civic. Just reached 200,000 miles. still running like its brand new. FI has an 04 Focus. Little over 100,000 miles. Needs work every other month it seems. Not to mention my car has seen two rear end collisions. And one where some idiot clipped my front end.
Post # 10
Get the Civic, no question! Two reasons: First, they hold their value like no other, and second, they’re generally way more reliable. As others have said, you don’t want to end up in the same position a little ways down the road, having to pour more money into car repairs.
Post # 11
Civic for sure. Those things run forever and rarely need work. I’m of the same opinion as your fiancee. Why dump already a large sum into an older car that will most likely need work in the near future and worry about its reliability?
Post # 12
Definitely the Honda. Better deal, you won’t be paying for repairs nearly as much and your resale value is substantially better.
Post # 13
@laneae: My DH works in car insurance, so I asked him what he would do (since he knows about car life/car repairs/ etc)
He says that the Honda is the WAY better investment. He says he couldn’t imagine dumping over 3K into a car with 100K miles on it! He says if you want a “one-year stop gap car, get a $1000 beater and call it a day, but the Honda has 5-10 good years left on it, depending on how well you keep up with the matinence”
Post # 14
I would say Civil too but DH’s 2002 Civil went bust in March 2013 with only 150,000 miles on it. 2002 was a terrible year for Civils according to the service dept of the Honda dealership he went to. I wouldn’t simply rely on the Honda name.
We had a similar issue in March. Spend $4000 to fix his car or use that as a down payment. We used it as a downpayment because he needs a more reliable car and that car should last him a while (although, he drives it like a mad man). He got a Mini Cooper btw.