ot. one car family...

User Forum Topic
Submitted by scaredyclassic on August 8, 2016 - 11:48am

i loaned my car to my kid in SD cause he got a job. so we are a one car household for the 1st time since, like, ever. its only been a week. its difficult. requires some coordination. we had one bad day for school registration that required a lot of extra driving.

in a way carpooling is good. we talk.

on the other hand its kind of inefficient. cant depart exactly when u want

on the bad day, i got a price of 14,211 on a new 2016 toyota corolla on truecar.com. man thats cheap.

like the one car family conceptually...but 14,211 i can pay cash for...

might be worth it just not to run up the mileage on the other car...

Submitted by spdrun on August 8, 2016 - 11:53am.

Why not buy a $5000 used car and spend the other $9211 on titties and beer? Used Corollas and Tercels are bad ass and last forever.

Or spend $1000 on some excellent bicycles and helmets :)

Submitted by scaredyclassic on August 8, 2016 - 11:54am.

i like new car warranties and new cars with new parts. im not persuaded used cars are cheaper if held over say 15 years. but im open to data.

Submitted by TeCKis300 on August 8, 2016 - 12:01pm.

Sounds like while you can get away with one car, it's nice to have a second backup car.

As a backup car, I wouldn't bother with new.

Perhaps you can use it as an opportunity to dabble in the next generation of car - an electric vehicle specifically. EV's make great in town runabouts!

And you can do it on the cheap, with it still under warranty, for a little more than half the price of that new Corolla appliance.

Look at 2013/2014 Nissan Leaf's. ~10k with low mileage. Either with factory warranty still intact or buy an extended warranty.

Submitted by spdrun on August 8, 2016 - 12:01pm.

I'd rather support local mechanics and auto shops than union auto-assembler parasites in the Midwest or producers of new components in China.

Submitted by scaredyclassic on August 8, 2016 - 12:16pm.

https://m.reddit.com/r/personalfinance/c...

i just want the cheapest way. thread is sort of informative...

Submitted by spdrun on August 8, 2016 - 12:19pm.

Buy fully depreciated, spend the minimum required to keep it running and legal (don't be a p*ssy, do the work yourself), and sell it on Craigslist "for parts" when something too expensive breaks. You'll come out ahead.

That's why we're talking about spending sub-$5000, not $13400 on a used car.

Submitted by scaredyclassic on August 8, 2016 - 12:20pm.

TeCKis300 wrote:
Sounds like while you can get away with one car, it's nice to have a second backup car.

As a backup car, I wouldn't bother with new.

Perhaps you can use it as an opportunity to dabble in the next generation of car - an electric vehicle specifically. EV's make great in town runabouts!

And you can do it on the cheap, with it still under warranty, for a little more than half the price of that new Corolla appliance.

Look at 2013/2014 Nissan Leaf's. ~10k with low mileage. Either with factory warranty still intact or buy an extended warranty.

those leafs really depreciate fast! do they work?

used late model corolla prices are same as new.

i need very reliable cars...also latest safety ...

Submitted by scaredyclassic on August 8, 2016 - 12:22pm.

spdrun wrote:
Buy fully depreciated, spend the minimum required to keep it running and legal (don't be a p*ssy, do the work yourself), and sell it on Craigslist "for parts" when something too expensive breaks. You'll come out ahead.

That's why we're talking about spending sub-$5000, not $13400 on a used car.

i am kind of a pussy.

Submitted by spdrun on August 8, 2016 - 12:29pm.

i need very reliable cars...

Electric cars as mentioned by the other poster should be more reliable than gas, assuming the battery is good. They're less complex. No shifting transmission, just a single gear set and differential, electric motor basically has one moving part (the armature or rotor) vs the hundreds of an infernal combustion fossil fool engine.

Submitted by scaredyclassic on August 8, 2016 - 12:32pm.

hmmm. nissan leaf. im intrigued.

Submitted by FlyerInHi on August 8, 2016 - 1:15pm.

Buy the Corolla. They may still have zero percent financing.

Submitted by The-Shoveler on August 8, 2016 - 1:22pm.

Our Back-up car is an old Truck.

Very useful at times.

Maybe you can get one 7-10 years old for about 5K

Submitted by TeCKis300 on August 8, 2016 - 1:30pm.

Leaf's have proven to be very reliable. Since it's a rather new vehicle, it has all the latest safety technology. And also has all the connectivity, options, and gadgets you would want from a new car. Plus that warranty!

The great thing is, as cheap as the corolla is to operate, this thing will be cheaper still! Practically pennies for "gas", and very very low maintenance requirements.

As you'll be someone new to EV's, I think you'll be pleasantly surprised. The motors instant torque, no heat/exhaust from underneath (especially hot summer days, and never having to detour to the gas station (full "tank" every morning), as HUGE perks to EV's.

For the record, I don't own a Leaf. Many of my colleagues and coworkers do. My wife has a RAV4 EV that I haul the family around in on weekends. I personally like the aroma and sound of burning lots of dinosaurs, but can't deny the advantages of EVs.

Submitted by FlyerInHi on August 8, 2016 - 1:55pm.

Why do the leafs depreciate so fast?
I wouldn't mind an EV but I have nowhere to charge in the garage is my apartment.

I have friend who owns 2 Teslas. He rents them out on Turo and more than pays for the cars.

Submitted by cvmom on August 8, 2016 - 2:17pm.

We have a Leaf, bought new several years ago. We've been (and hope to continue to be) very happy with it. Extremely low maintenance. Range can be an issue for the older models.

Submitted by TeCKis300 on August 8, 2016 - 2:50pm.

The combined federal and state incentives (~$10k) are the primary reason for the Leaf's ridiculous depreciation.

It's a great incentive new, that secondary buyers in the used market also benefit from.

Submitted by FormerSanDiegan on August 8, 2016 - 3:42pm.

We bought a new LEAF when it was introduced in 2011. It was our second car and quickly became our primary car we used when we were out and about. 5+ years later we still love it... Won;t ever buy a purely gas-powered vehicle again.
After 5 years the range has dropped by about 15%. Doesn't impact us much as 95% of the time we are within a 15-mile radius of home in a largely congested urban area in LA.

As for depreciation, it does seem poor. However, it might be impacted by the older, smaller battery packs used in the initial versions, and the impact of Government incentives.
For example, our 2011 was "priced" at ~ $33K, but we received $7500 federal tax credit and $5000 state tax rebate. So, the real out of pocket price for us was ~$20K.

I'm estimating that we saved about $8000 in fuel costs over the five years. Also, our maintenance costs have totaled less than $800 over those 5 years.

I don't think the current Government subsidies are as generous today, but for us it's been the least expensive car we have owned in terms of total cos over the initial 5 years (incl. fuel, maintenance, depreciation). Worth it even it depreciates to $0 over 8 or 10 years

Submitted by scaredyclassic on August 8, 2016 - 3:55pm.

http://www.greencarreports.com/news/1098...
used leaf analysis.
could be undervalued in the marketplace

Submitted by outtamojo on August 8, 2016 - 11:19pm.

Ok you people have me interested in a used Leaf now. With 2 kids having practices all the time at different locales and their friends bumming rides too an EV might save me a chunk of change.

Submitted by scaredyclassic on August 9, 2016 - 7:05am.

http://www.autoblog.com/2015/12/31/nissa...

highest depreciation of any car! im interested.

i was opposed initially but im gonna check em out...i think this might be for me..

Submitted by ocrenter on August 9, 2016 - 7:28am.

TeCKis300 wrote:
Leaf's have proven to be very reliable. Since it's a rather new vehicle, it has all the latest safety technology. And also has all the connectivity, options, and gadgets you would want from a new car. Plus that warranty!

The great thing is, as cheap as the corolla is to operate, this thing will be cheaper still! Practically pennies for "gas", and very very low maintenance requirements.

As you'll be someone new to EV's, I think you'll be pleasantly surprised. The motors instant torque, no heat/exhaust from underneath (especially hot summer days, and never having to detour to the gas station (full "tank" every morning), as HUGE perks to EV's.

For the record, I don't own a Leaf. Many of my colleagues and coworkers do. My wife has a RAV4 EV that I haul the family around in on weekends. I personally like the aroma and sound of burning lots of dinosaurs, but can't deny the advantages of EVs.

The reliability is intrinsic to EV itself, gone are the thousands of parts needed for a typical ICE. no oil change, no transmission service, no annual 16 point inspection...

The cost of operation is extremely low as well. Especially if you have solar, it is like having an oil well in the backyard and bypassing the varios stages of prehistoric vegitations--> dinosaurs--> decomposing bodies--> millions of years of fossilization--> exploration--> drilling--> transport--> refining--> more transport--> driving to gas station. How many middle men and middle lizards did that pass through? As a kid I actually dreamed of having an oil well in my backyard, with an EV and solar, I can honestly say this is a dream come true. LOL!

Submitted by ocrenter on August 9, 2016 - 7:30am.

scaredyclassic wrote:
http://www.autoblog.com/2015/12/31/nissan-leaf-depreciates-worse-than-any-other-car/

highest depreciation of any car! im interested.

i was opposed initially but im gonna check em out...i think this might be for me..

you think you are getting a second car, in reality it will end up being your main vehicle of operation.

Submitted by svelte on August 9, 2016 - 7:59am.

scaredyclassic wrote:
http://www.autoblog.com/2015/12/31/nissan-leaf-depreciates-worse-than-any-other-car/

highest depreciation of any car! im interested.

i was opposed initially but im gonna check em out...i think this might be for me..

Leaf prices falling like a rock have been discussed before on here:

http://piggington.com/how_much_did_you_p...

svelte wrote:

svelte wrote:

2015 Leafs (98) - $31.7K average
2013 Leafs (13) - $15.3K average
Average drop: 30% (if rebate factored in)
Average drop: 52% (without factoring rebate)

2015 Jukes (7) - $28.2 average
2013 Jukes (11) = $19.2 average
Average drop: 32%

2015 Volts (96) - $35.3K average
2013 Volts (3) - $20.4K average
Average drop: 19.5% (if rebate factored in)
Average drop: 43% (without factoring rebate)

Not sure how this popped up on the thread list, but let's revisit this almost a year later. I'm not going to do a 2016 vs 2013 comparison because the 2016 Volt is all new - wouldn't be a fair comparison.

But let's look at 2013 prices within 25 miles of my home:

2013 Leafs (14): $11,900 average

2013 Volts (15): $17,900 average

2013 Jukes (8): $16,400 average

Looks like the Volt is still doing significantly better than the Leaf in resale value.

On used Leafs, don't forget to factor in a new battery which can run $3000-5000.

I prefer the Volt to alleviate range anxiety, especially as battery range decreases over time. But a used Volt will cost more $$.

Submitted by ocrenter on August 9, 2016 - 9:40am.

svelte wrote:

On used Leafs, don't forget to factor in a new battery which can run $3000-5000.

I prefer the Volt to alleviate range anxiety, especially as battery range decreases over time. But a used Volt will cost more $$.

one major problem with the LEAF is you have to document significant range reduction to even get that new battery.

whereas Tesla and BMW are both committed to the idea of battery replacement when upgrades are available in the future.

Submitted by bobby on August 9, 2016 - 10:51am.

some have car ADD, they get a different car every few years. I have only kept one car for 15 years. The only saving grace for the wallet is that I don't mind used cars. Cars are made so well these days that used one isn't unreliable.

Submitted by EJ on August 9, 2016 - 1:06pm.

I share a car with my wife. We supplement with Uber and Lyft, as well as riding bikes. $14,211 buys a lot of rides! For us, the cost of rides per month is much less than a car payment (or opportunity cost of a lump sum), so it was an easy choice. Plus, parking is tight in our 'hood, so helps with that too. We live near the beach and typically are not going very far, so cost per ride is usually the minimum fair ($5.75 for either). If I recall correctly, you are in east lizardia, so you might need to factor in more expensive rides.

Submitted by spdrun on August 9, 2016 - 1:13pm.

Uber/Lyft are evil -- they're basically a conspiracy to replace private travel with "renting," tied to a credit card and identity, and where your travel info is recorded forever in a database. The surveillance state's cum-stained wet dream.

Bike more, Uber less. Biking is also good for weight loss.

Submitted by FlyerInHi on August 9, 2016 - 3:06pm.

Spdrun, creepy but there's no getting around the surveillance state. If you use CC, your movements can be tracked during the day. Phone companies and even stores look at your unique phone wifi MAC address to track your visits.

I'm a bonadide resident of NV, but I spend a lot of time in CA. I make sure my CC spending is mostly out of CA lest the state argues I'm a resident of CA and therefore must pay state taxes.

Tesla has GPS tracking and LTE built in. GM OnStar, Toyota, etc...
Electronic discovery is kinda fascinating in legal cases. That's what Khirz Khan does.

Submitted by spdrun on August 9, 2016 - 3:23pm.

Pay cash, don't carry a e-leash, cut the antenna on your car. Generic Morons ceases to care once you cancel your subscription. Better yet, don't give hoot, pollute, drive an older smog-exempt diesel car with next to no eelectronic geegaws.

Submitted by FlyerInHi on September 26, 2016 - 1:14pm.

Scaredy, what did you end up getting?

My brother got a 2013 Nissan Leaf for his daughter after she crashed the Hyundai.
BTW Im impressed with the Korean makes. They are slowly eating the Japanese's lunches.

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