Dave Ramsey's Advice For Finding A Cheap Car
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- čas přidán 12. 09. 2024
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I just sold a 2014 Dodge Charger that I owed 12k on. Payments of 270.00 a month. I sold it for 14k paid off the loan. Bought a 2001 Subaru Outback from an old couple in amazing condition they kept it up 181k miles but amazing condition. They where selling it for 3k but after they asked me why I was buying it and I told them my family was doing the Dave Ramsey plan to change our lifestyle, they sold it to me for 2k and said they bought this car 10 years ago because of Dave’s plan and that’s what bought them there first house in cash. They told me to pass it on and maintain it. I dropped about 500 bucks into car parts and installed them myself which became a learning experience and I’ve gained a lot of knowledge along the way. IT CAN BE DONE PEOPLE!
Love it!
Jiffer yes but what kind of life is it to be driving that old Subaru? You had a great car that that brought you a lot of respect. It showed the world you made it, and that you were a somebody. I hope you will reconsider and upgrade your car soon.
Great story! Good luck on your journey!
I did the same thing i got a 2017 Hyundai Sonata and got me a 1987 jeep man a feel better with no payments and i can go overlanding NO CAR PAYMENTS cheap insurance
That's awesome! Yes it can be done, Recently did the same thing wanted to start the year right got rid of the 2016 Nissan Altima that I owed about 20k on and found a 2007 Honda civic SI sports car and bought it cash! It's a car that I always wanted but couldn't afford when it was new. Now I have it and I enjoy driving it more than the new car I'm on my way to being debt free in a little more than a yr
I purchased a 98 Toyota Rav 4 $1500.00 she had 130,000 on her and now she has 305,000 still going strong 🤞
you know how to take care her
I had a 1996 Rav 4 and owned it from 2003 to 2017. It was a great car and never had problems. I had to sell it to get a bigger car for my kids. If you Rav 4 is like mine, it will last forever.
U go girl🤘
My 2001 Toyota has over 4 million miles. They can last forever.
There you go. Great job
My advice guys , you can never go wrong with Honda or Toyota. Best car brands out there period.
As a car mechanic, i laugh at this comment.
@@vasiavisilievic1873
Why you laugh?
@@vasiavisilievic1873 whyy
@@trevordoeshalloween5994 Perhaps because many models of Hondas are known for "weak" transmissions. Overall they're both pretty decent, but you've got to find a well-maintained example that was a reputable long-lasting model to begin with.
@@davidwitmer7251 that's true, change the fluid regularly. Manual transmission Hondas are more bulletproof
To all the young folks, do not buy a car to impress people! You only need something to go from a to b. Drive your 3k car and keep hustling
8hour you got that right!! I'm driving my 2008 Camry with 199,999 miles until the engine falls out on the commute to work.
DEFINITELY
Yea.. that's what I told my son... If the girl won't like you in a hoopty; you're better off without her.
@@johnking1079 exactly. My pops tells me the same thing. "In the future, when you have a good career and good money coming in THEN you can buy yourself that nice, luxurious car."
Buy a cheap toyota/honda
Scotty klimer 94 celica
Rev up your Toyota
@@anthonyfranco7275 , * Engines
Scotty says Lexus is best!
REV UP YOUR ENGINES
I actually got 2 90s Toyota Celicas, I might sell one and give the other one to my dad so he can daily drive it
Just got my first car paid 5400 in full for a 2004 Honda accord 150k miles on it and I'm following Mr.Ramsey advice ever since I was 16 to buy this outright I'm almost 19 wish me luck trying to start a business
That seems a little on the high side for that car, did you go to a dealer? Usually they go for 3k, but that's in Florida. However, congrats on buying cash. The majority get stuck in leases that do nothing but drain your wallet. I just started a business as well, you can do it.
How’s the business going
2004 Corolla.... AKA "The Hamster." 308k miles and still going.
I met a teenager working a donut shop. She pointed out her car that literally had duct tape holding the bumper on. Tipped her $20 for the donut
Almost paid off my car in baby step 2! $2,350 more to go and this Ford Fusion is all mine!! 👍🏽
Raul J. Gomez it’s going to be such a nice feeling. Keep up the good work!
Nicolas Lamer appreciate that bud! Staying strong.
@@raulgolfs , Yes Sir ; Likewise
Hope you see this... I'm thinking of buying a fusion... How reliable is it please? Thanks.
@@jojoessuman4730 it’s about the worst car you could buy. Do NOT get a small Ford sedan ever
Driving a $800 corolla right now and it feels great
It worked out great I drive it until I got out of the military and sold it to a friend and as far as I know it is still going
God bless you thank you for your service!
"You gotta have good grandpa stories later." lol I love it. Reminds me of when my friend put a "honk if you see flying parts" bumper sticker on his first car.
You can get a decent car at the copart auctions if you look for a 5 - 13 year run and drive condition no body damage, or light hail damage for $300-$2000 you can drive off the lot. If you or a friend can replace a few bumpers, fenders and small parts than you can have good car at a deep discount dept free. There are states where you dont need a dealers licence to bid on copart auctions. You can also inspect the car if you have the action lot near where you live before you bid.
I got my self a 2010 GMC sierra 1500 truck about 4 years ago for $7600 with light damage. Changed the driver door bumper cover, headlight and front fender had it painted all came out for under $10000 the car was worth $24k at the time still drive it all dept free. It was low miles too.
I had one of those cars. Old Corsica. The interior/exterior was actually immaculate, hardly any mechanical work was needed. No A/C but that car got me through a lot of years when I was not making much money.
U got lucky, but if it was a money pit it would have been a horrible decision. Luck
bought my civic for $250 from my brother in law. He was going to junk it because some scam mechanic told him his motor was done. The motor was not it and its been 3 years and still runs like a champ with 205k miles
Not realistic to the avg person
I’m driving a 2003 Honda Pilot with 253,000 miles. When we bought it in 2011, it had 171,000 miles. I’m going to try to drive this thing for 10 more years!
@@IJoeAceJRI we got a 2016 Odyssey now. I miss that Pilot!
Toyota!
Alexander Chavez I love my Camry it’s not cheap
Same. I'll pay extra to drive Japanese.
My camry is dirt cheap to own and run. 1100 with remote start and ice cold ac.
Had it 2 years now and hasn't skipped a beat.
@@3llionaireX is the complete opposite of reliable and affordable to maintain
A car that’s been sitting for that long isn’t a good buy, cars a meant to run not sit. That means all the rubber hoses will rot the tires are dry rotted, calipers will seize etc.
The guy drove it for a long time without issues
You’re right. If you flip the hood and it’s rusted...it’s a risk unless you’re a mechanical hobbyist.
I’m a gearhead and love working on cars. First car was a grandma owned 1982 dodge Aries with 86k miles that I bought for 800$ and I stupidly got rid of it. I now own a 1986 Nissan 300zx that I purchased for 800$ and my 1999 Chevy S10 ZR2 4x4 for 1600$. Currently 22 years old right now owning both of these and I will drive them as long as I can because maintenance between both is MAYBE 100-200$/month and I only have 2000$ of credit card debit left while attending college full time to major in aerospace engineering. Have a dream, create a plan, and follow it people.
My cousin has a 2001 TOYOTA COROLLA 👉🏼 380,000 miles still running. 🤩🤩🤩🤩
J Smith I’m looking for a $1000 Corolla just to save on gas
70% depreciation in 4 years, he must drive BMWs. Haha! But seriously, I've been driving the same 2001 Civic for 15 years now. For the cost of 3 average car payments I purchased a low mile engine and transmission from Japan that made it feel like new again. I spent about the same rebuilding the suspension. Got a deal long ago on some alloy wheels. Several components have lifetime warranties. I can do just about anything short of bodywork in my driveway. This model is popping up at salvage yards left and right so tons of cheap parts out there. Insurance is balls cheap, I just keep it clean and somewhat presentable. Might get a paintjob in a year or two. 318,000 miles and doing great!
In Ireland it's horrific. You can't get insured as a new driver in anything less than a ten year old car. You might buy a car for 500 but starting out the insurance is at least 2k.
In Michigan car insurance is nothing more than a scam.
per month or year, if it’s per year than that’s about average in the us, for a good insurance company
@@marcoaguilera04 that's what I was gonna say. At my most expensive point, I was paying 2.5k a year.
Why so much??
@@andreykanareyka9931 Not too sure. I'd imagine the truth of it wouldn't fill me with joy.
I have a 03 Honda Civic hybrid with 272,000 miles on it had it for a year and only payed $150 for it.
Great deal
My first car at 16 in 1976 was a 1968 Ford Mustang. It had no power steering(very difficult to parallel park), and bad defrosting, but what a safe car it was! Like driving in a tank. I paid for it with my money working cleaning rooms at a conference center. Kept that car until 1987, when I moved overseas for 3 years.
Love it! Driving my "rusty" now for 5 years and 300k km, just feels great. No scratch hurts, it takes a beating and just wants to run run run... I love my Rusty.
“And a car like that is gonna need a name…” 😂
Go Toyota. My dad's 2wd 95 Tacoma has 436k miles and still running. It's old but it gets the job done and good to haul out work equipment or groceries.
Look at old grandma cars.. grand marquis, Oldsmobile’s, town cars, etc. My brother bought one for a family member with 80k miles for 1000 and runs perfect. Try to stay away from civics as they are usually beat to death.
Chad Bell 1990s Buicks as well
Joe Lopez especially Buick’s!
what you mean old civics like can you explain further please?
I BOUGHT MY ACURA TL 2014 at 110K and still running smoothly at 160,000 right now im just going to change the waterpump but after that my car still last me 2 or 3 more years.
@@HermannTheGreat 2008 tl type s
Don't mean to come across as pedantic, but short of grey market cars, the internet says the last Ford Granada sold in all of North America was for the 1982 model year. :) Guess someone could've been crazy enough to spend a ton of money to import a '94 from Europe and bring to US compliance though.
On another note, drove a 1984 Grand Marquis hooptie for a bit when I was a kid (early 2000's). Rear-wheel-drive, live axle, no ABS, no traction control, relatively high center of gravity, balding tires, and lack of experience = almost 360'd into a ditch making a left turn at 5 mph in the rain. Remember it like it was yesterday. Fun times. :)
I question many of Dave's tales myself 😂
I haven’t bought a new car since the early ‘90’s, paid cash for my last two. There are sweet deals out there, watch for them on sites that list cars for sale at most dealerships and independent lots in your area. A year ago, I snagged a 2010 Lexus convertible with 31,000 miles in tip-top condition at a fair price.
$500 per month car payments is more than my mortgage and HOA payments combined. (I only have a $260 mortgage payment and $180 HOA dues for a 750sqft condo)
Where is this condo located ?
@@boomshakalaka8054 Aurora, Colorado. I bought it in late 2007.
@@mikemayo4812 very nice !
@@mikemayo4812 Colorado it's cold there no wonder! 🤣🤣 Great deal though.
@@matthewpough6501 No it isn't. It rarely gets cold in Colorado unless you're in the mountains.
I lease a 2016 Jeep Compass right now. It was a 3 year fleece, and the turn in is at the end up April. I just put a deposit on a 2003 Jeep Liberty 4x4. Next week I can turn in this lease without an early termination fee, and I'll be picking up the old jeep next weekend. I've never been more excited about a car because it will have no payments and the insurance is going to be $68 a month. I got the 03 Jeep for $3800 plus tax and registration so $4410. Its not in perfect shape aesthetically but it's perfect in mechanics. I live in Buffalo NY so I really wanted to keep myself in a 4x4 for the snow. The one I found has 109k miles on it and barely any rust. I look forward to saving money for the next 6+ years. I plan to pay off my debts in the next 24 months, finish school next May (cash tuition) and start saving. Then I'll upgrade to a used 2019 Jeep in my favorite color and it'll be around $12,000 by the time I want to buy the new $35,000 Jeep I want :) Playing the long game!
That is awesome. I have two more years on my lease, but am saving $500.00 per month to buy an SUV once the lease is up. No more car notes for me once this lease is up. I wish I would have learned about Dave Ramsey before leasing this vehicle.
Where you find the “garage sale car” is parked one or two houses down from the garage sale. It’s not in the garage because that’s full of the other stuff the sellers are trying to get rid of. The garage sale car says “for sale” on the windows and probably isn’t advertised as such anywhere else. While holding a few cheap items, kindly ask the owners of the garage sale car if they could come down in price. This one purchase can save you thousands long term!
A 1993 Pontiac Bonneville known as the Sparky-mobile because I bought it from a coworker nicknamed Sparky for $500. It was an upgrade from the bicycle I’d been riding. Got 2.5 years out of that car and probably put $1500 in parts/repairs in that time. A customer where I worked was a mechanic. He had a shop on the backside of an oil change place. We’d walk next door to a parts store & I’d buy parts with his discount and he’d put them on for minimal labor charge. I’d return the favor when I could at my work. That car definitely met a need until the engine went bad.
So true lol . My buddy used to have a car we called the crocodile lol
Toyota Corolla!!!!! Toyota Corrolla!!!! Toyota Corolla!!!!
I got an 03 Corolla with 207k miles. Purrs like a kitten and the automatic transmission still shifts perfectly. Plenty of life left in it.
Yaris is good too.
+B Sa yes but who will respect you driving around in a used Corolla all day? What kind of life is that? No, you need to get a proper car. One that shows the world you are a somebody, not a nobody.
@@costco_pizza The kind of people who judge you based on the kind of car you drive, or what you own....are not the kind of people I care to know.
@@costco_pizza Better to stay off the radar
My wife & I were foolish and bought a new car back in 2004 (almost fully financed)…Toyota RAV4….but paid it off years ago & still have it today….almost 250k miles and going strong. Reliable, decent gas mileage and cheap to maintain, to the point that our “mistake” almost seems worth it now.
I bought a car on Craigslist for $2500.. runs like a clock after minor repairs, and looks fine
I've bought several great cars for $500 ... 20 years ago!
Now this is some real practical advice!! Appreciate this🙏
Currently on my $17,000 car i paid cash for. It really does work!
JoeAceJR I mean it's a Bmw so it works occasionally lol
JoeAceJR ........
@@IJoeAceJRI lol
I have a 98 ford windstar that I payed $700 for. I've been driving it for 3 years and it has been on several big road trips. We also named it Pepa cuz it smelled funny when we got it.
The only downside to old cars like that is deterioration of the rubber components and hoses and fluids sitting. So make sure to look over anything rubber. Check the tires for dry rot too.
Good point -- some older cars were not designed to use gas with ethanol in it. Not sure where the line is, but just to be safe, I go out of my way to get ethanol free gas for my 1993 Corvette (not too big a deal as I only drive it selectively 9 months of the year, so only go through maybe 3-4 tanks of gas).
If you buy an older car not designed for E10 and the owner used it anyways, there could be fuel system corrosion that I'm not sure is easy to spot.
Another good way to buy a cheap car is salvage car auctions, many cars in great condition you can buy from there with not too much money to fix it to be legally drivable.
PhD in DumB I always find this hilarious
I love my cheap Mercedes! I bought my 2001 E430 a little over a year ago from its original owner; I paid $1,600 for a nearly pristine car with 236k miles. I've put about 19,000 miles on it this past year, and though it's cost me some this past year to keep in perfect nick, it's a darn sight better than stuffing my six-foot-four frame into a similar-condition Toyota or Honda sedan for twice the initial up-front price. It gets me from point A to point B quickly, comfortably, and relatively efficiently (18-19 MPG commute, 25 MPG highway cruise). Shoot, I've even done 135 MPH in that car with absolutely no drama!
Do realize that my ability to own a cheap Mercedes cheaply is largely due to my willingness to turn a wrench, though; if you have to take your car to the mechanic for every little thing, a twenty-year-old European auto is NOT for you!
Scotty Kilmer and Dave Ramsey should team up and do an episode together on cars it would be awesome
They would both probably give conflicting advice. Scotty would say that cars that are driven by Grandma once a week aren't likely to be well maintained, and Dave doesn't actually know about getting a good deal since he's been buying expensive new stuff for decades because of all his wealth.
Old people tend to maintain their cars very well
It’s more wear and tear on the breaks and transmission when it comes to old people and how they drive.
@@Excalibur2 any tips then please?
@@rasheemthebestfirstone3274 harsh truth is that there's no "good deals" unless you're taking advantage of someone or someone is doing you a favor. Cars that were not ran almost daily for long distances to boil the water out of the oil and regularly maintained do not make for reliable vehicles. On top of that, with age, plastics and tubing in the car will oxidize and need replacement even with low mileage. Then there's the fact that old cars (say 20+ years like Dave recommends) are also more dangerous.
The advice I'd give is to buy a car 2-5 years old. That way, someone else has already eaten the fast and early depreciation, maybe up to 50% of the cars original value.
This way, you get most of the good years that cars typically live, before the 12 year old dropoff age where they typically get junked. Drive it until you start to have reliability issues or major expenses comparable to the value of the car (or can afford better and want it).
When Dave recommends $500 cars, he isn't the one who has to explain to your boss why you can't reliably make it to work. That said, if you're a student or don't need a reliable vehicle and have money to gamble, buying a junk car might pay off.
One of the best cars I ever owned was a 2002 Honda CRV. I bought it with 220,000km on it for $2000. I got rid of it 5-6 years later with almost 400,000km on it. I think I had to put $4000 in maintenance (excluding oil changes and tires) into it during that time. It never broke down or left me stranded.
My dave car was a 2008 bmw 328i that i quickly learned to work on lol.
I bet you did. That thing can be a money pit.
@@donperrignon Have had my 2001 BMW 740il for 4 years with zero problems other than a new battery and windshield wipers lol If you give them proper maintenance it shouldn't be any problem.
@@jesusdaholy Good for you. That's doesn't take away from the fact many others will be money pits, regardless of how you maintain them.
Thats a no no,parts are expensive and not reliable,money pit
Lol, yeah, replace headlight = $70
Also Dave, those 25+ year old cars that sat in a garage most of their life are almost impossible to find any more. Almost none left. And they have to be pre 2000's. Cars. 1980-90 cars were designed to last for ever and ever. Modern cars are designed to last 12 years before they disentegrate into iron filings like cinderellas pumpkin.
rustyscrapper nah, not Toyota. My car is over ten years old with WELL over 150,000 miles on it and runs like a top.
Modern but cheap mass produced toyotas and hondas are still fantastic while being nicer.
Lol. Do you know what statistical odds are of finding a "barn find" car, that is 22 yrs old with 35k miles that "granny" drove to church and back, thats now been sitting and is in great mechanical condition? When you NEED a car, you dont have 2 years to find this hidden gem. These $1000 cars are available, just add 200k on the odometer
Ahhh, the used car market before COVID. Now the $500 cars are $4,000. I did however just purchase a $700 Camry with $150k on it. In its current condition it will last maybe 2-3 years (rust). At 21mpg (Camry) I may sell it to buy a Prius (45 mpg).
In any car market it’s helpful to learn how to do your own repairs. I keep three cars on the road all with high miles. A year 2000 with 260k. A 2010 with 275k. 2004 with 150k. All Toyota products.
2012 ford escape my dad gave it to me at 26. Had 290,000km saved say $12-$15k in 3 years upgraded my ride due to Subframe rust and is bout to collapse to a 2018 accord love it.
Only buy Toyotas, very reliable car brand that last forever.
As long as they're old enough, they'll be great, haha
Honda is easier to repair and cheaper parts
We have three Hondas. One Accord has 297K, one CRV has 360K and another has 265K. Toyotas are certainly good but I’m a loyal Honda owner.
My old hoopty finally died, Max. Nissan Maxima 1997. He had automatic locks, power windows, cruise control. He was such a great old car. My dad bought it from a little old lady. He put 40,000 miles and then I put 40,000. Such a good first car.
I went from a brand new 2013 Ram that was $408 a month to a 2008 Crown Vic Police Interceptor. Had 90k miles, looks new inside and out, has been 100% reliable for a few years now, and cost me $3700 cash.
I’m going to walk like no one else in order for me to drive that Lexus ES 350 2016
My very first car was a 1996 (10 years old when I got it) Camry that had been in the garage for years after its previous owner had passed away. The rubber on the CV joints rotted out, it had been stationary so long. But I drove that little car for 6-7 years, long past my sibling backing up into it and crushing the fender and door panel on it. Great little Toyota, it was named Dori.
lol, that name is great!
I bought a Toyota Avalon for $700 with 130000 miles drives like a Lexus ,, on top of that I just bought a 2008 Chevrolet for my side hustle for $500 it need work done but not much , all that I buy now is used and I don't have to worry about monthly payments best thing ever!!
When I was a young Boy Scout we had a Scoutmaster that had an old beat down gray minivan. They nicknamed it the Death Star. Many of the kids loved riding in it just because the name was so funny. But that thing was roooooooough. But it drove well and never had mechanical issues. Went on many campouts with the Scouts and had the Death Star as a mode of transport.
This story never gets old.🤣🤣🤣
Older toyota camry. (92-06) But do have a mechanic look at it first.
Always had a car loan until I got fed up being owned by a bank. Now I got a ‘97 Astro Van that I paid $800 for and took it on a 3000+ mile road trip. I love it. I’m looking for a $1000 Corolla right now so I can make the van into a camper. 😈
Marlene aka my 07 mazda 3 just passed 444444km on the odo. So satisfying. Thanks Boris!
I bought a 2014 Mazda with 20k miles that was totaled out with hail damage for 5k cash. The damage was purely cosmetic and it has been the best car I’ve ever had. I highly recommend people purchase hail damage cars!!
Did you just drive with the damage? I imagine the car is fine just some body damage.
I'd guess if you can find such a car for $5000, you could probably make a few bucks just parting it out.
U can't buy a cheap car that's mechanically sound, unless you throw luck into the equation. A 1000 hooptee as u call it, is good possibly to Walmart and back. (5 miles) what about someone who has to take their kids and grandkids, or have 60 miles roundtrip thru a big city to get to work. I would like to see anybody reading this to go buy a 1 k car and drive around for a month and still have peace of mind, and I'm not talking to the grocery store 1-2 X a week
I agree with Ramsey ALOT, am a big fan but his cheap car mentality is not 1 size fits all
This was 5 years ago lol
I’m driving my paid for 2004 GMC sierra king cab truck. Mechanically, it seems to be pretty good other than the air-conditioning has gone out, and it didn’t seem fitting to spend the money to fix it… Although the heat of summertime makes me have second thoughts.
The thing about it is, it looks like it got attacked by a horde of vicious living walking blackberry bushes! It looks like it ran into a 1000 feet of barbed wire. It’s got superficial scratches and it’s got deep scratches. I’d like to paint it. Get rid of the scratches and make the exterior look nice again, but is it worth it? I am not sure.
I largely bought it so I could take my kids camping, with room in the back of the cab for two of my young adult sons, plus it could hall anything I pick up at the Lowe’s store or Craigslist to fix up my house and yard... I’m am largely diying a lot of the house remodeling... leaving plumbing and electrical for the experts...
As for giving it a name… I also had thought of old blue… But that hasn’t stuck. I am trying to think of a name that reflects the fact that it’s a scratched up truck...
Find a 00's model toyota anything with less than 200k miles on it, sometimes for as low as 500 bucks. It'll run dang near to 500k if you treat it right.
if your 19, I say the biggest thing you should calculate is how much that monthly car insurance payment will be, people forget that all the time.
any tips?
I literally had a "Kristi's Hooptie" sticker on the back window of my first car.
Those $500 cars thing of the past a non running car w lots of repairs to make it runs 2k now days sadly. I bought a $500 Cadillac in 1987 and was able to save to buy a new Corvette for cash three years later. Those days are gone.
Like as not you will just buy a money pit. Car repairs have never been more expensive and quality of work has never been lower. This guy needs to go away.
Bought a 2001 BMW 740il from an old guy for about $2,200 4 years ago. He kept it in prestine condition with all the proof of maintenance. Never had any problems with it other than replacing the battery and new windshields wipers lol. Giving them proper maintenance, they shouldn't give you any problem. Never understood why people call them money pits when I see people with Hondas spend way more money on thier cars than mine. Also it's a beamer so it has all the features even though it's older and drives smooth as a mf.
BMW will never reach 200k-300k like a Toyota or honda I guarantee you. And most folks who mention their German vehicle never had any problems are the ones who lease the car so they only drive roughly 50k miles or less so they don't experience much problems when it gets to 100k onward.
@@MrTmenzo Car is going to be 200k soon without giving me any problem. Recently took her to get everything checked. I was told she was in incredible conditions and how she was really well maintained. I've never had a car die before hitting 200k so I guess it's doing the proper maintenance. Just because you hear about how thier a money trap doesn't make true in all cases. Sure if you buy a 60k+ car you couldn't really afford you can't expect parts to be cheap obviously.
Azrael , I bought a 03 BMW 325i 3 years ago with a little over 87,000 miles on it for $3000 in immaculate condition from an old lady. It was well maintained and I still don’t have any major issues with it. I really don’t understand why people say they’re money pits. I wonder if it has to do with the age of the car or what...
@@teev7 Yeah me neither. My guess was they probably raced the car a lot, stressed the engine, or didn't maintain it properly. I've seen people waste more money on Hondas/Toyotas and other used cars with replacing broken parts bc they got sold a bad car than I've on my car. So many teens/young adults selling Hondas that aren't properly maintained, probably changed original parts themselves bc they think they're mechanics lol. I'd rather put my bets on the old guy who showed me proof of maintnance. Buying cars from old people is the best haha
I’ve got a 2007 Honda Civic 90k miles. I drive a lot for work. How many miles do you think I can safely get out of it?
You should easily be able to make it to 250k miles just doing the basic services... I mitigate reliability with AAA. If my alternator or something goes out, I just take off work and have them tow me home. If you're proactive on maintenance (Inspecting belts, hoses, batteries, brakes, lines etc...) you should be able to easily put on another 100k miles.
I have a 03 outback, cause I need to get of of my 1/4 mile gravel driveway. It was paid for before it left the used lot.
My first car was a 94 Honda Accord and it was called “The Rap Mobile“ and I wish I never got rid of it .
JoeAceJR my step brother really needed a car to get back and forth to work so I gave it to him
"I have a PhD in D.U.M.B." 😅
Can’t stop laughing about big red brrrrrrrmmm brrrrrmmmmmm😂😂
Just bought a 2000 chevy malibu with 249,000 for $800. Runs great with the coldest ac ever
I just bought a 2005 Saturn vue for 1500. Can’t drive it yet because I don’t have my liscense :(
Please take my advice and sell it immediately. It is a money pit. Get any Toyota instead.
Marsel Vitti what do u mean?
@@godjesus1st718 It is very unreliable. You will spend so much money repairing it. I am very knowledgeable with cars.
Marsel Vitti I got it in good condition tho. It only has around 170k miles on it. Was so bad about it?
@@godjesus1st718 170k miles is a ton. Not "only". Your should inform yourself about Saturn cars online. They went out of business because they were so bad. They break very often. There is no such thing as good condition for a 14 year old 170k miles saturn.
I'd love a $500 mechanically sound car but somehow in 2021 with today's supply shortage, I wonder if they still exist.
me too I'm wondering? did you find out?
No. Clearly no.
BLOOD RED FORD PINTO
A cruel 1st car
Thank you sir. You just proved I’m not crazy.
You Never Was
Tez_ Foe thanks man!
Get your self a 90s Lexus or Toyota preferably a Camry Corolla or es350 they are bullet proof and dirt cheap to maintain
Great advice Dave and story.
i need a reliable 4x4 on a budget, any recommendations on years and models. i have a daily driver lexus es300, so just something i can get to the mountains and back in the snow season without any worries.
thank you dave i will never buy a new car, only if i hit the lotto but other than that i will stay shut
Christian Ovalle you will never buy a new car? But how on earth do you expect to earn the respect of your friends and family members driving around in old used cars? No, you need to be driving a proper car that tells the world you’ve made it. That you are a somebody.
@@costco_pizza hahaha you made me laugh, you cant live for others people opinion, bill gates is a billionare and he still need to make a line when he is hungry for a cheeseburger
Just buy newish. 4 or 5 years old. Took its main depreciation hit. But its still reliable enough to get you around another 6-10 years if that is your plan.
ACR I agree with you
My life statement car is/was a 1993 Honda accord with a slipping transmission but I drove until someone pulled out in front of me and totaled it. Then I got my 1988 Chevrolet Pickup, I drove that puppy until it died. I walked to work or rode a bicycle because I worked close to home. Saved $800, bought a $500 truck and put a $172 distributor in it and drove it for what felt like forever
My husband is currently driving a borrowed vehicle from his mom until we can save up enough cash to purchase him a "garage sale" car. My vehicle will be paid for by the end of summer. No car note=tons of extra $$ towards our debt snowball!!
He gives out good solid advice. However, the tag line about a $30K car turning into a $10K car in 4 years might be accurate for the entire auto industry, but simply not true for some manufacturers. You will never see a Toyota depreciate that rapidly unless their are extremely high miles or it was trashed and not maintained. The majority of Toyota's sold in America are worth at least 50% of their new car price. And some of them will be worth as much as 60% to 70%.
REAL TALK
Good luck surviving if big red gets into an accident.
I got a 2001 Honda Civic for 2000 CAD great condition and great on gas . I love her 🥰
I bought a 2004 Corolla in great condition at 75k miles. It was a one-owner car and I am very happy with it. Will ride it till it dies.
Just paid 1000 dollars for a 1999 toyota camry. Going to sell my gmc Denali. Thanks Dave!
I've just found my old blue! 💙
Godzilla. An unstoppable green beast that caught fire but keeps going. I love my Green Ford Expedition.
I had a 1976 Impala. It had been a taxi in Boston once upon a time. NOTHING in it worked, just the engine. Someone had painted it baby blue with a can of paint and a brush. His name was The Blue Load. My brother painted the name on the trunk in big black letters and I had to drive it to Duxbury High School in 1990. A swelteringly wealthy town near Cape Cod.
Good luck finding that but I do agree with what he says just hard to find
VW Polo nearly 200k miles called Chuggars
Drove a 1994 Corolla for 9 years, sold it at 320K miles, owed Tom Don and and Harry and everything had a payment stuck to it. Wised up and piled up cash along the way.
Today i have a $340.000 home PAID FOR 2013 Murano PAID FOR 2014 F-50 PAID FOR 2012 Civic PAID FOR. Wallet is stuffed with cash at all times, and money in the bank.
I'm here to tell you , It can be done. You first have to want to.