I have zero reason to have one too, but I do have my dad's 28' boat I "need" to tow every now and then.
That's reason enough for me.
I have a small utility trailer. That's it.
Sounds like you need a boat or a track car too then.
Need small loan advice
- Thread starter DarrenWS6
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Sounds like you need a boat or a track car too then.
PJB4x4
Ford F-150
Isnt an '04 Cavalier only worth about $2700 anyway?
I just dont understand the whole "buy another car to save gas" mentality.
When I had two vehicles my truck was the one that was better on gas, although that wasnt the intention I had when buying it. My Mustang was a weekend car that was always broken so I needed something to drive and actually bought it while already owning my previous daily driver.
That being said I took out a personal loan for $2700 or so when I put a new motor in the Mustang I had, no questions asked about what it was for.
I just dont understand the whole "buy another car to save gas" mentality.
When I had two vehicles my truck was the one that was better on gas, although that wasnt the intention I had when buying it. My Mustang was a weekend car that was always broken so I needed something to drive and actually bought it while already owning my previous daily driver.
That being said I took out a personal loan for $2700 or so when I put a new motor in the Mustang I had, no questions asked about what it was for.
Boilerup15
Hate Milk! Got Beer?
There was no collateral talked about. But I have taken loans before form this same institution and never missed a payment and paid them off early, so that could be the case there.
Tucson Z60
I know your your type...she's inflatable!
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A Cavalier is terd of a car
Save your money and buy the gas. If you need a DD then look for an old 70's Celica, Datsun or early Honda Civic. Cheap to buy, cheap to work on and belive it or not they are a purchase car wise that you can make on the cheap and maybe make some money on depending on the condition as they are a desirable older imports. Part for the 70's to early id 80 Celicas are cheap, the mid 80's 22r Engine is cheap to rebuild runs well and can also be made to perform well for what it is.
Hell I would be looking at something like this if I were you. Looks way better than the Cavalier, MPG about the same or not much less, will out perform it hands down and it's rear wheel drive!!!
http://cgi.ebay.com/ebaymotors/1985...2026666?pt=US_Cars_Trucks&hash=item4ab6a7bf2a
DarrenWS6
The original Ford guy around here
Thanks for the advice all! I always know you folks are the right people to ask about real life situations. It does sound more logical to keep saving and saving and maybe a future opportunity to get a cheaper car in good shape may come around. Until then, I will keep saving to pay off my truck so that I can save even more money or invest in my house a little more 
I spent over $6,000 in gas alone last year
Thank you for your advice, well taken. And if I may say, if you bought all 3 of those vehicles in your sig without a loan, then I need to have the occupation you do!
I had already checked into that, would have only been an extra $30 a month which I would have been fine with.
Thanks Jim. I do want to add in that yes, I do have myself well educated on how to spend and save, and I do know what I can spend and can not. Double checking myself numerously has always been a protective measure, reason why I created this post to see if other folks find it worth while or not. I actually do have a lot more than $6,000 saved, I am not willing to spend any of it and restricted myself on my own allowance to it if this car seemed worth while. However, in the recession, no way in hell am I touching it
. I appreciate the advice and the given situations to reconsider and am grateful for your advisory post 
Dang dude I need your commutes. I spent just a pinch over $6,000 in gasoline last year
In my area, an '03 - '05 LS Sport couple 2dr with 60,000 - 130,000 miles ranges from $5,000 - $7,200.
Thanks for the advice man. I have heard that the 70s & 80s 4cyl & other economic cars are still favored highly for their ease to work on and their great fuel economy. Matter of fact I had just read up on a car I never knew existed, it was a Pontiac that had a DeLorean looking body and a '77 - '78 looking Trans Am front. 4cyl and people claimed it got the best mileage of its time. Only catch is the chances of finding older cars in great shape these days. My girlfriend has a '93 Acura Integra LS 5spd with a 1.8L DOHC motor, the body is quite shot but solid, and that thing gets 31.2 hand calculated avg mpg. It is awesome for sure.
I know you're also wanting to save miles on the truck, but $5500 would buy a lot of gas..
I spent over $6,000 in gas alone last year
Thank you for your advice, well taken. And if I may say, if you bought all 3 of those vehicles in your sig without a loan, then I need to have the occupation you do!
I had already checked into that, would have only been an extra $30 a month which I would have been fine with.
Thanks Jim. I do want to add in that yes, I do have myself well educated on how to spend and save, and I do know what I can spend and can not. Double checking myself numerously has always been a protective measure, reason why I created this post to see if other folks find it worth while or not. I actually do have a lot more than $6,000 saved, I am not willing to spend any of it and restricted myself on my own allowance to it if this car seemed worth while. However, in the recession, no way in hell am I touching it
. I appreciate the advice and the given situations to reconsider and am grateful for your advisory post I spend close to $3600 a year in gas. So I can't justify buying a car worth $3k or more
Dang dude I need your commutes. I spent just a pinch over $6,000 in gasoline last year
In my area, an '03 - '05 LS Sport couple 2dr with 60,000 - 130,000 miles ranges from $5,000 - $7,200.
A Cavalier is terd of a car
Save your money and buy the gas. If you need a DD then look for an old 70's Celica, Datsun or early Honda Civic. Cheap to buy, cheap to work on and belive it or not they are a purchase car wise that you can make on the cheap and maybe make some money on depending on the condition as they are a desirable older imports. Part for the 70's to early id 80 Celicas are cheap, the mid 80's 22r Engine is cheap to rebuild runs well and can also be made to perform well for what it is.
Hell I would be looking at something like this if I were you. Looks way better than the Cavalier, MPG about the same or not much less, will out perform it hands down and it's rear wheel drive!!!
http://cgi.ebay.com/ebaymotors/1985...2026666?pt=US_Cars_Trucks&hash=item4ab6a7bf2a
Thanks for the advice man. I have heard that the 70s & 80s 4cyl & other economic cars are still favored highly for their ease to work on and their great fuel economy. Matter of fact I had just read up on a car I never knew existed, it was a Pontiac that had a DeLorean looking body and a '77 - '78 looking Trans Am front. 4cyl and people claimed it got the best mileage of its time. Only catch is the chances of finding older cars in great shape these days. My girlfriend has a '93 Acura Integra LS 5spd with a 1.8L DOHC motor, the body is quite shot but solid, and that thing gets 31.2 hand calculated avg mpg. It is awesome for sure.
Carolinaboy
Full Access Member
Damn $6k is a lot for gas for a year.
I should have said that is my new commute. When I used to drive to my kayak guiding job it was 50mins one way, but it was only 30miles
I spent 44% of my income last summer on gas But I needed a truck every day doing what I did
I should have said that is my new commute. When I used to drive to my kayak guiding job it was 50mins one way, but it was only 30miles
I spent 44% of my income last summer on gas
But I needed a truck every day doing what I did
I know financial advice is like assholes but here's my take now that the car is settled. I find no point in saving a lot while there's any debt. Interest on debt is significantly higher than anything you're going to get on a savings account. less debt = mo' money. I've got a cushion in my checking account to cover any emergency that might come up and am using my savings as a place to stash until it's built up enough to pay something off. Started with the biggest (car loan) and am now working on knocking out student loans. Just don't feel having a lot saved while being in debt buys you much, it's essentially something to pay your debts with should something happen.
Like I said everyone's got their ideas and I'm sure you already have yours
Like I said everyone's got their ideas and I'm sure you already have yours
Thank you for your advice, well taken. And if I may say, if you bought all 3 of those vehicles in your sig without a loan, then I need to have the occupation you do!
I was fortunate to make very good money in high school and college so that gave me a head start. My wife and I both are lucky to have good paying jobs and we have no kids. That makes a huge difference.
We are very conservative with our money. Vehicles are our vice though...about the only thing we waste money on. We don't look at vehicles that we don't have the cash to pay for. Our financial adviser constantly tells us that paying cash isn't smart with the current cheap interest rates...needless to say I'm looking for a new adviser.
My parents taught me from a young age to never have debt so I owe a lot to them for that kind of upbringing.
Carolinaboy
Full Access Member
We are very conservative with our money. Vehicles are our vice though...about the only thing we waste money on. We don't look at vehicles that we don't have the cash to pay for. Our financial adviser constantly tells us that paying cash isn't smart with the current cheap interest rates...needless to say I'm looking for a new adviser.
My parents taught me from a young age to never have debt so I owe a lot to them for that kind of upbringing.
That is something I'm going to have to teach myself. To be conservative & not impulsive
I will say one thing my parent's taught me the same thing about debt, don't have any!
DarrenWS6
The original Ford guy around here
I know financial advice is like assholes but here's my take now that the car is settled. I find no point in saving a lot while there's any debt. Interest on debt is significantly higher than anything you're going to get on a savings account. less debt = mo' money. I've got a cushion in my checking account to cover any emergency that might come up and am using my savings as a place to stash until it's built up enough to pay something off. Started with the biggest (car loan) and am now working on knocking out student loans. Just don't feel having a lot saved while being in debt buys you much, it's essentially something to pay your debts with should something happen.
Like I said everyone's got their ideas and I'm sure you already have yours
Thanks. Sounds basically like what I already know and am doing, keeping loans to a minimum, hopefully nothing at all soon enough.
So your recommendation is pay towards principle on the truck loan or just saying that I can't save much at all with it in general due to interest? My payment is decently low, however I do want to refinance it for a lower rate since interest rates are much lower. I could have $30 or so a month.
We are very conservative with our money. Vehicles are our vice though...about the only thing we waste money on. We don't look at vehicles that we don't have the cash to pay for. Our financial adviser constantly tells us that paying cash isn't smart with the current cheap interest rates...needless to say I'm looking for a new adviser.
My parents taught me from a young age to never have debt so I owe a lot to them for that kind of upbringing.
That is something I'm going to have to teach myself. To be conservative & not impulsive
I will say one thing my parent's taught me the same thing about debt, don't have any!
That is awesome. I had a pretty good paying job as a teenager myself and it helped me on my start off also. Now being on my own with my own home I am on the train ride. I do miss not having a loan payment but I am happy to have excellent credit. I am sure that cash/check sale makes everything much faster and headache free too! I bought a lawn mower last month and the sales guy was a little surprised I did not need to do a payment plan on it, bought it right then and there and now it is mine.
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