When to call it quits on a vehicle..

[MrPrena]

Although I am not heavily investing these days, I would finance over cash purchase right now.
I usually do cash on vehicles, but at this rate (which is lower than inflation or most of price indicies), I will lease/finance and use the money on investment or expand.

[Irving]

Of course you can, but like everything else under $5K the mileage is usually over 150K easy. Based on the OP's mechanical problems, i doubt he want's to invest in another possible money pit

Family member just got a 2014 Caravan with under 90k for $7,500. From a dealership.

[Gman]

But...but...but...



...it's a "minivan".

[Jer]

Although I am not heavily investing these days, I would finance over cash purchase right now.
I usually do cash on vehicles, but at this rate (which is lower than inflation or most of price indicies), I will lease/finance and use the money on investment or expand.

No way. I don't care if the interest rate is 0%... I'm not leveraging myself to drop the cash on the market just so I can finance something I shouldn't be buying in the first place. If/when it topples you'll have monthly payments and no liquidity. Satisfy all debt first and then invest like crazy with confidence that no matter what the market does you're safe w/o any payments or loans.

[Irving]

Minivans have short comings for sure. I'm impressed how will mine has held up so far. It's got 241,XXX miles. I've never owned a vehicle that ran this long.

[Great-Kazoo]

But...but...but...



...it's a "minivan".

Hey our's is an urban assault transport, for seniors.

Minivans have short comings for sure. I'm impressed how will mine has held up so far. It's got 241,XXX miles. I've never owned a vehicle that ran this long.

That's because you haven't had to wrench on it yet

[MrPrena]

No way. I don't care if the interest rate is 0%... I'm not leveraging myself to drop the cash on the market just so I can finance something I shouldn't be buying in the first place. If/when it topples you'll have monthly payments and no liquidity. Satisfy all debt first and then invest like crazy with confidence that no matter what the market does you're safe w/o any payments or loans.

No worries. Smart money isn't selling their farm/ranch for a vehicles NOR securities.

I am not active in investment as much because it is near high as it can be.

[SideShow Bob]

Minivans have short comings for sure. I'm impressed how will mine has held up so far. It's got 241,XXX miles. I've never owned a vehicle that ran this long.

I had. Pinto bought used with 98 K miles on it and drove it until it bust into flames and burned up at 268 K miles.....

P.S. Not from getting rear ended, it used/ leaked about a quart of oil every other fill up, oil got onto the exhaust manifold & burst into flames and burnt up all the plastics & wiring under the hood.

[SideShow Bob]

Early this spring, I picked up a 2007 Chevy Cobalt with under 35 K miles on it for $5,000. Very straight body and good interior. It is my daily commuter and averaging 28 - 32 MPG depending on traffic and my attitude. The Odo just turned over 39K. Today.

[Irving]

Hey our's is an urban assault transport, for seniors.




That's because you haven't had to wrench on it yet

I just pulled a code last night and cylinder 6 had a misfire. I thought it was getting old (it is), but I get over been driving around like that for a few months. Pulling trailer full of stuff for hundreds of miles, etc. The ignition coil pulled itself apart some how. Anyway, can't believe how reliable the motor has been, even only on five cylinders.