When to call it quits on a vehicle..

[newracer]

I'd fix it myself enough to get it running and sell it.

[Martinjmpr]

If you don't need 4wd and a compact truck will work you can get a used Ranger or B-series Mazda pretty cheap. I paid $2k for a 1996 Mazda B2300 in 2013. 4 cyl, 5 speed, 2wd. Ran like a champ and got ~25mpg on a regular basis. Literally the only money I put into it was new tires (about $400), a repair on the rear axle seal (about $100) and a new stereo (about $150, I installed it myself with a kit from Crutchfield.) Drove it for 3 years and sold it in 2016 for $2000 so basically I drove it for 3 years for free. That generation of Ranger was pretty simple (at least the 2wd ones were.) The Mazda even had working air conditioning and since it was a regular cab, even on the hottest days it would get ice cold inside the cab in just a few minutes.

I sometimes wish I'd kept it but with just a 10 mile (one way) commute, I realized that the cost of maintaining, insuring, and registering a 2nd vehicle was greater than any savings I'd get, even considering that my Suburban only got 11 MPG in the city.

Great little truck, though, and surprisingly fun to drive.

[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.

[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.

[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.

[Gman]

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



...it's a "minivan".

[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

[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.

[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.