OT: Talking Cars Tuesday

Submitted by JeepinBen on

Missed last week, sorry about that. Anyway, I know we're all thrilled to see where the swoosh goes, but back to important topics:

What is your next car purchase? Why?

Could be a beater for the kids in high school, that new 'Slade to tow your boat, etc. etc. What's next?

iLoveMichigan

July 7th, 2015 at 12:37 PM ^

I am about five years from buying a new car (no car payments for the wife and me at the moment and it's great), but I am really interested in a Jeep Rubicon. All black. Top down. The whole package.

TheDirtyD

July 7th, 2015 at 12:37 PM ^

Ford F-250 my fiancée has a bunch of horses and I need a strong truck to haul them around plus my boat. I traded in my fusion and jeep( which I hated ).

TheDirtyD

July 7th, 2015 at 12:54 PM ^

Can't man I can't. I wish I could. However I have never had any issues with a ford truck all the heavy farm trucks are fords and the run hard and last. I miss that engine I never should have sold that truck. I remember pulling two cars on my flat bed up hill through the Rockies and accelerating from 60-80 without struggle cars looked at me weird since I was passing them.

JeepinBen

July 7th, 2015 at 12:38 PM ^

For us it'll be something new for the wife. Probably either a Golf, Golf Sportwagen, Mazda 3, Cruze Hatch, or Focus Hatch (if they fix that transmission, I refuse to buy their awful dry DCT). Practical, city-sized, and could handle a kid if/when that happens. Not sexy, but still a new one.

Personally, I have a 2015 GTI and I have no idea what I'll get once it's paid off. something at least as fun and fast though.

mgokev

July 7th, 2015 at 12:39 PM ^

My next buy will likely be exercising the purchase option on my leased Jeep. I'm way under mileage so it would be good value. Whether I keep it or just turn around and sell it for more is TBD.

In an alternate universe, I would be buying the new BMW M2 when it's released (2017 I think?). But I don't think that'll be likely unless I get a windfall of cash.

The Mad Hatter

July 7th, 2015 at 12:50 PM ^

a good deal, especially if you're under mileage.  Make sure you check out what similar cars are selling for as the dealer / leasing company will often try to screw you with your pants on with a lease buy-out.

I got hit hard by Infiniti when I bought out my lease, but I was WAY over on mileage.  It was either take the hit or write them a big ass check for essentially nothing.

Still love the car though.

mgokev

July 7th, 2015 at 12:56 PM ^

Maybe we're talking about different things. When I signed by lease, I can buy the car at the end of the lease for a pre-negotiated $XX,XXX. That price assumes I use up all of my mileage, etc. as it's the remainder of New Price less Depreciation (aka 3 years of my lease payments). Considering I'm way under, the projected value of my Jeep as a 3 year old used car with incredibly low mileage will be much higher than the pre-negotiated purchase price considering I would have paid off more depreciation via the lease. So I could recoup some of the lease cost by buying the Jeep at lease-end and selling it private party. Or just keeping and knowing that I got a good deal on a 3-year old used car with low mileage and knowing the previous owner (me). 

mgokev

July 7th, 2015 at 1:40 PM ^

You're probably right for most cases. I'd bet that the majority of people that opt for the purchase price are way over mileage making it less value than the purchase price, but less costly than the fees to turn it in. 

There's a breaking point where if you use significantly less mileage, it'll tip in your favor. I'm on pace to have about 15,000 miles on it at the end of the 3-year lease (~5k/yr) and my monthly payments and depreciation assumed 30,000 miles (10k/yr). 

My best guess is I can get around low $30's or high $20's at least for a 3 year old fully loaded 2014 Grand Cherokee Overland with 15k total miles. But my purchase price is something like $24k. Chances are I just keep it because I don't want to lease again, like the car, and probably couldn't find anything better than that on the used market. But the lure to get $4-6k back may be tempting to finance then flip.

Michigan Arrogance

July 7th, 2015 at 1:06 PM ^

this is my plan as well- we are on a low mileage lease and if we come way under (very likely) and the worth is way more than the Residual value, then we will likely finance to buy and either keep it or flip it to get the equity.

Or, if they dealer/manuf offers a crazy lease returnee deal, I'd consider that.

The Mad Hatter

July 7th, 2015 at 1:23 PM ^

been a car guy.  My daily commuter is a 02 with 160k miles on it.  It's starting to rust and has some dents and dings, but it's reliable and gets decent mileage.

My newer car is a G37x, which stupid quick for a 4-door sedan.  I bought it on a whim when I had my older car in for service.  They gave me one as a loner and I didn't want to give it back.  My wife drives it during the week and I use it on the weekend.  I'll never sell that car.

TheFugitive

July 7th, 2015 at 12:39 PM ^

2008 Acura TSX.  I have a 2005 now that I will drive for the next few years and I love it to death.  The 08 is the next one I'd be able to afford that has a different body style.  

TheFugitive

July 7th, 2015 at 12:50 PM ^

Mine is a 4cyl and she zips along quite well, it's fun to drive while still being moderatley fuel efficient.  

Pros of getting a Honda would be not having to use premium gas anymore.

The Mad Hatter

July 7th, 2015 at 1:05 PM ^

Both of my cars "require" premium, which I almost never use.  One has over 160k miles with no ill effects.  The premium gas requirement is to extract the most HP from the engine as possible.  Using a lower grade gas might cost you 5-10 HP, but that's it.  All modern cars have knock sensors to deal with various grades of gas.

 

amaizenblue402

July 7th, 2015 at 12:40 PM ^

We just bought a 2014 Honda Accord Sport last June, so probably won't be getting another car in a while.

I really like the new Forester XT.




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His Dudeness

July 7th, 2015 at 12:40 PM ^

I REALLY want an old Volvo 240 from like 90-93 or so with somewhat low miles for my commute.

Work is 40 minutes away and it sucks when you drive a GMC 2500.

His Dudeness

July 7th, 2015 at 12:53 PM ^

Yea there a few engines out there that are amazing for longevity. The Volvo in the 240's from 90-93, the Chrysler I-6 engine that was in the Jeep GC in the late 90's or so, Whatever was in the BMW 3 series around the early 90's and that Jetta TDI engine. All great engines.

skurnie

July 7th, 2015 at 3:08 PM ^

I've got a 2010 Jetta TDI that I like quite a bit...owned it for two years and just put new brakes on it (thanks to my Mechanic Brother-in-law, who did it all for $175 including parts and some beer) and needs an AC recharge. I think the AC Recharge is due to it being a Florida car for the first 3.5 years. 

35-38mpg in the city, 40-48 on the highway (depending on my speed)

JeepinBen

July 7th, 2015 at 12:45 PM ^

Drive one of the GM Lambda triplets too - the Traverse is suprisingly nice. Also, while you're at the Honda and Toyota dealers do yourself a favor and test drive their minivans too. I know! It's a van! Ew! My 2 bosses (Again, I work in the auto industry) own an Oddessy and a Sienna. New minivans are extremely nice, it will get much better gas mileage than the "crossover", and there will be tons more interior room. At least take a look!

Jinkin Mongol

July 7th, 2015 at 12:47 PM ^

Moving back to Ann Arbor and wife needs a commuter with AWD and decent mileage that may be able to actually tow something and has great safety ratings because primary driver is accident prone. Getting one of the following: Subaru Outback, Mercedes GLK 250 bluetec, Audi Q5 diesel, grand cherokee diesel.