Keep your old car vs. buying a new car?

[galant E SS]

what's the best option for you guys?

[oliver1013]

It depends, if it still serves me as I please, without headaches, why dispose of it?

But if it needs constant financial support and the finances involved are the same or almost the same as paying monthly installment for a new car, then its a no brainer

[aligonzales]

It depends sir. For me, I would check and monitor the expenses of maintaining my old car. The older the car and the longer it is used, more parts need to be replaced on a regular basis. (e.g. suspension, engine parts-belts, water pump, engine support, hoses, timing belt/chain, brake system..etc) If the cost is almost the same in buying a brand new car (with good financial packages), I would choose to buy a brand new car. Almost same gastos but less headache.

[galant E SS]

thanks for the reply guys! so far, my car maintenance is not yet the same as monthly payments of a new car. i think the disadvantage of buying a new car is the cost, hehe!

[galant E SS]

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[Mguy]

My old car was just 5 years old. I sold it for the following reasons:

- It was a small car and it didn't fit my growing family anymore
- Although it was still reliable and properly maintained, I was worried that something is going to give soon.
- Resale value was still good so I decided to cash out already.
- Peace of mind. A new car practically gives you worry-free driving for years.

[galant E SS]

Based on the above-quoted article, and in my opinion, it's really more practical to keep a not very old car, maybe late 90's model or 2000 up models than to buy a new one. yon nga lang, hassle naman pag may nasisirang part tapos matatambay pa ang car mo for how many days.


[SIZE=5]how about 2 used cars vs. 1 brand new entry level car? which is more practical and which would you prefer guys?[/SIZE]
[SIZE=5][/SIZE]
[SIZE=3]for example, i currently own a 97 mitsubishi galant, i acquired it on sept. 2009 and my total expenses for it as of now, acquisition cost plus repairs & parts = P 230,000 - 250,000 as of now. pero hindi naman monthly nasisira. & i'm not spending about 10,000 to 30,000 monthly payments for a brand new car. yon nga lang, hassle pag nasisira, natatambay sya for 1 day to 2 weeks kung may nasisirang parts - oorder pa kasi. sometimes, i think it's better to buy another used car worth 150,000 to 250,000 - late 90's or early 2000 plus model honda city, civic or accord para may magamit ako in case sira ang galant ko. sabi ko nga kay mrs., sobrang malas naman siguro kung sabay masira ang 2 cars, hehe! [/SIZE]
[SIZE=3][/SIZE]
[SIZE=3]1 '97 mitsu galant in good running condition which worth almost 230,000 plus 1 honda accord worth 200,000 = 2 used cars worth 430,000 - 500,000 vs. 1 brand new Entry level car such as toyota vios/ honda city/ nissan sentra worth 600 k plus to 700 k plus, plus insurance cost, etc.[/SIZE] tapos, u need to bring it to casa pa para di ma-void ang warranty pag change oil lang. gagastos pa ng mga 7,000 to 8,000 sa RORO back and forth. plus gasoline expenses, etc. Island kasi ang province namin.
[SIZE=3] [/SIZE]

[niky]

No matter how you calculate it, an old car that is well maintained (i.e.: Not abused till it breaks) will always make more sense than a new car of comparable fuel economy.

You can expect to spend about 50-60k pesos in repairs a year for moderately heavy use. That's two or three sensors... or a transmission overhaul... or a new suspension and brakes.

You would still spend at least 150-180k pesos every year in car payments for the new car. And with the same usage, you would still have to change the oil just as often (more expensive, because you need to do it at the dealership), you will still have to change brake pads and tires just as often, and you will still end up buying new suspension bits just as often after the first two or three years.

If the new car is much more fuel efficient, has cheaper spare parts and has longer change intervals, it's worth upgrading despite the spendings. If it isn't, you're just spending the extra money for the convenience of not being stranded or carless for two or three days every time your old car has something break.

[galant E SS]

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[SIZE=6]sorry po about my violation. i just want to share that article sana & see ur comments about it[/SIZE]

[ghosthunter]

what's the best option for you guys?

Depends on how old is the old car. We have to remember, a car is a collection of mechanical parts. Mechanical parts are subject to wear and tear. As the car ages, stuff that normally don't fail will also start failing.

An old car as long as it can be considered "reliable", it can be kept for longer.

[batusai_jr]

keep my old one if i am the first owner, and if it has no problem, buy new one if it gives me a headache

[hondaboot]

what's the best option for you guys?

if your car is 1st owned, why not?

usually gagastusan ko ang tsikot ko kung ako naman una mayari

[Gerbo]

Actually it only boils down to AFFORDABILITY.

For me, I would tend to dispose of an old car once it has engine and transmission problems that needs rebuilding.

Just like what other have said, if it spends more time in the shop and it become a money pit, then its time to let go.

[galant E SS]

Actually it only boils down to AFFORDABILITY.

For me, I would tend to dispose of an old car once it has engine and transmission problems that needs rebuilding.

Just like what other have said, if it spends more time in the shop and it become a money pit, then its time to let go.

its not only about affordability - its about practicality - in my case, so far, minor engine problems pa lang naman - top overhaul - no tranny probs pa naman. thanks 4 ur comment bro.

[galant E SS]

if your car is 1st owned, why not?

usually gagastusan ko ang tsikot ko kung ako naman una mayari

how about if it's your first car but you bought it used (2nd hand) out of your own money na pinaghirapan mong pag-ipunan & pinaghirapan mong i-set up/ipaayos ang car, will you preserve it to keep it running in good condition? in my case, this is my plan - maybe i will buy a newer car or even a brand new car in the near future, if i can afford it already, but i really want to preserve & keep my car running not only because of "senti" value but because i love it.

[jaguarpw]

Interesting topic here.
Me, I have an old 2nd hand car which continues to serve me up to now. I take pride that it runs everytime its called for. Had some issues here and there, but nothing a good mechanic can't fix.

However, my family is growing and I'm really planning to buy a newer (if not brand new) bigger car. If only I can afford it, I would keep my old car still. But the prob is, only one car fits in our garage. So the wisest thing to do is sell my old car while it can still get a higher resale value, and buy a newer car.

[Gerbo]

Related thread here.

[alnr]

dumaan ako dito....

our old car was a lancer itlog, although we are not the first owner we loved it and took care of it. the car is properly maintained, palit lahat pag kailangan na. the family is already growing so we decided to get a new bigger car, so we got an MPV. pero ung lancer nasa amin pa din, pang coding lang. we decided to let it go after 3 months kasi bihira na gamitin etc... the car was sold to my sis-in-law, ngayon pag nakikita namin gusto namin bawiin...

kung kaya naman i-maintain ang dalawang auto, bat kailangan pang ibenta yung luma. for sure naman me use pa din ito... haaayy, miss our old car

[galant E SS]

Related thread here.

thanks! i've seen it. it's a great thread.

[OTEP]

what's the best option for you guys?

Haven't read the thread but if you just use the car as an appliance (you don't like cars) better just buy a new one every 5 years or so and save yourself the time and headache for repairs and whatnot.

Why I drive a 1995 model vehicle? Because I like cars and working on them.