Comments on: Regret a Car Purchase? I Bought a Brand New Ford Mustang at 18

By: Jim777

Jim777 — Sun, 23 May 2010 12:22:44 +0000

I am 37 years old, I’ve never bought a Brand New Car from the dealer in my life and I never will.

I have never in my life made a car payment and never will.

I have always bought used cars from private sellers with CASH.

The most I’ve ever paid for a car was $11,300. Yes I’m serious.

I’ve owned Porsche, Mercedes, BMW, Subaru, Toyota, Honda, Lexus, Saab, Etc.

All of the used cars I buy look Very Shiny and Clean and Run like New. There are a ton of beautiful condition used cars out there that people have taken care of but simply don’t need anymore.

Many of the cars I’ve bought have had over 100,000 miles on them. If someone got to 100,000+ miles then the care MUST have been taken care of very well to reach that mileage. On modern cars that are reliable brands 100,000 is just getting warmed up.

You’ll notice that if a New Car Dealership has someone trade in a Beautiful condition used car, they will IMMEDIATELY have it removed to another lot because they don’t want the suckers/customers who come on the lot looking at new cars to see a good used car for sale or it might make them think twice about spending a ton of money for a new car just to have it drop $5000 in value the second you drive off the lot.

By: True Confessions – We Bought AJ His First Car

True Confessions – We Bought AJ His First Car — Mon, 19 Apr 2010 12:02:05 +0000

[...] driver’s permit and teaching them to drive, while ours weren’t. My parents didn’t buy me a car although I should admit that my dad sold the racing 10-speed bike he’d bought me when I went [...]

By: Meet Mrs. Money from Ultimate Money Blog | Out of Debt Again

Meet Mrs. Money from Ultimate Money Blog | Out of Debt Again — Fri, 12 Feb 2010 22:42:10 +0000

[...] Ford Mustang Convertible, the Shelby Cobra one or whatever. The most expensive. And I would get it glittery pink [...]

By: Once Upon a Time I Bought a Lemon of a Car | Out of Debt Again

Once Upon a Time I Bought a Lemon of a Car | Out of Debt Again — Thu, 07 Jan 2010 11:27:32 +0000

[...] Upon a Time I Bought a Lemon of a Car By Mrs. Accountability on January 7th, 2010 Mrs. Money’s recent post of how she bought a brand new car when she was 18 reminded me of the time I bought a real lemon of a car. I mentioned it once last year but I [...]

By: Mrs Money

Mrs Money — Tue, 05 Jan 2010 22:45:22 +0000

You should start a new van fund! That would be a good thing to work towards. We had to get another car to replace an SUV that we had and I wanted a Focus but we have two labs. They wouldn’t fit in that!

By: Mrs Money

Mrs Money — Tue, 05 Jan 2010 22:44:32 +0000

I can’t say I regret doing it either. It has been a fantastic car and I really enjoy driving it. I kick myself sometimes because we bought it brand new, but other than that it has been a good experience.

By: Mrs Money

Mrs Money — Tue, 05 Jan 2010 22:43:34 +0000

Rob, that is so great it worked out so well for you! I plan on driving this car the same way. People scoff because they think it should be in a garage and not driven, but I think that’s silly. I didn’t pay to have the car sit in a garage!

By: Adam Cleaner

Adam Cleaner — Tue, 05 Jan 2010 21:45:33 +0000

i never regretted buying my tiny nissan micra until i started my green cleaning business, now i have litterally no room in the vehicle carrying 2 vacs, cloths, cleaning supplies, tools etc, and then 4 other staff members. I think it does well but i’d love a nice little fuel efficient van right about now. gives me somethnig to look forward i suppose

By: Wojciech Kulicki

Wojciech Kulicki — Tue, 05 Jan 2010 17:40:55 +0000

It’s funny because I can relate, somewhat. We bought a Mustang convertible about 3-1/2 years ago. How times change, indeed…

Do I regret the decision? Financially, I know it was not the best idea. We could have done much better in terms of practicality and cost. If we were making the decision today, we would have never gotten the car.

But part of me understands that buying the car was an important lesson to learn and I would have never been where I am today without that as part of my life.

It was a “lifestyle decision” (like many of those who argue that buying a house is, too). Quite simply…it’s a blast to drive, and we plan to keep it for decades, not years. If our unborn son can drive it to school and impress the ladies when he’s 16, I will be satisfied.

So, was it a stupid decision? Heck yeah. Do I regret it? Never. Sometimes in life, we just have to go with it…

By: Rob

Rob — Tue, 05 Jan 2010 03:38:35 +0000

I have been through an almost opposite experience. At 29 years old (12 years ago now), I bought a brand new Mercedes E320. My wife thought I was psycho spending over $40,000 for a car. I bet her that over ten years, I’d spend less on car purchases and maintenance than her or any of our friends. Since the day I drove it off the lot, I have taken exquisite care of it. All of the oil changes, filters, brakes, rotors, etc are done by me – a $500-600 brake/rotor job costs me about $170 with true MBZ parts bought at the dealer. I still have the Benz with over 207,000 miles on it. I will likely drive it to 500,000 miles. In the meanwhile, most of my friends have flipped through 3-4 cars and spent tons more money. My registration and insurance are extremely low these days. My recommendation – buy a car that wil last a lonnnnnng time and drive it until it can’t get out of the driveway any more.