When we drive our 98 Civic (Tascha) to family functions, my dad jokingly says "why'd you drive that car?" Tascha is pretty scruffy looking. Her paint is fading, the bumper has a zip tie or two, and the interior looks like a possessed cat was let loose. We have another car, a 2005 Toyota Matrix (Lewis) we bought 2 months ago, but I'm sure people see it too sometimes and think "why do they drive that?" Lewis looks like a mini minivan basically #embracingtheinevitable 😏. Anyways, here's my attempt to seriously answer that question... First off, we buy older cars because that's what we can afford. In college I had a loan for my 95 Accord briefly and I decided then, that if I could help it, my next car would be paid for in cash. I didn't like living with a loan hanging over me. As part of our budget now, we make "car payments" to our savings. When it came time to get another car, we had about $4000 saved, so that was the budget 😊. We try to buy cars with good consumer reports, reliability, safety ratings, with the lowest miles possible for our price point, and for blue book value or under. -Notice "beauty" is not a top priority. Guys...I went a little crazy doing research on cars for a while 😂. DAYS were spent pouring over data from various sites (I'll make another detailed post about this later because I have a lot to say on this topic). I learned more about what kind of car would fit my initial budget and what kind of car should be reliable enough to keep me within my "car fixings" budget each month. -There is data about average yearly costs 😊. I absolutely hate it when a check engine light comes on, so anything I can do to avoid that WHILE staying in my budget is totally worth it to me.
Basically, we drive older cars because the point is to get from point A to point B. We don't look for the newest bells and whistles. We just want our cars to do their job. And when they lose half their value over the course of 5 yrs, we'll rest easy knowing we won't be upside down on a loan.
So dad, we still drive Tascha because she's 212,000 reliable cross country miles, still running strong, and she's aiming to get to 250,000 😎❤️