by stonefiend » Mon Mar 21, 2011 5:24 pm
I've always bought new cars (a 4runner and 2 tacomas) in the past or have leased them. I'm looking at all sorts of options, but fuel economy, reliability and practicality are (or should be) my focus.
I know the depreciation of new cars is high, but I'm willing to live with that for a reliable ride configured to my personal specs.
I've never bought used before, and don't want to get ripped off. I see some crazy deals on craigslist that are tempting but probably too good to be true.
I'm looking at a few models:
1. As the super-economical practical choice, the Honda FIT seems to fit. Good gas, flat folding rear seats to haul mondo pads and bicycles. For the size of the ride, the interior is surprisingly spacious. I can see this car being good in the city as well as some mountain. I would lease or finance this $16k ride, but more than likely lease for $150/mo for 3 yrs. I could probably pay cash for this thing in another 8 months or so, but I have a feeling I'd get tired of it and sell it for far less than I paid.
2. My second option is the subaru outback, though the wrx is very tempting. This rig is great for getting out to the mountains and windy roads, which I'm constantly driving. Definitely a different price point at ~$26k, but I'd probably drive either into the ground as the "my car".
3. This is where I start dreaming and forget about reliability, practicality and just want a fly rig (because life's short mang). A $7000 down on a used M3 with a $500 monthly payment would get me in a ride that is fully capable of looking better than my face and making me feel like a god before I drift it into a redwood tree. About the same price as the subies, but are high maintenance, less practical and doesn't match my economy studio. It's still my dream car. This is more my penis talking than my brain.
There are many options to choose from in the used car market, but I don't trust the way people drive cars like m3's, wrx's and other similar rides i'm looking at in the used market. Another way to go about it would be to buy a disposable old civic for $5000 and roll it for a few years 'till i part it out or something.
Any thoughts would be appreciated.