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sfromsf Profile
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Cash for Clunkers


gotcha, sorry man that sucks

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8/23/2009, 10:48 am Link to this post   
 
Jack Flash1 Profile
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Re: Cash for Clunkers


quote:

chefjuan wrote:

Well fack me. Two weeks out from teh close and Cash for Clunkers ends Monday. I will not be able to take advantage of the rebate. Bummer.

and I will be selling 28 mpg Honda on Craiglist and keeping my 15 mpg Jeep Cherokee because of it!



Just remember Chef, assuming you drive 15,000 miles per year, your Jeep will cost you about $3,000/yr in gas to drive (figure $3/gallon). Your Honda on the other hand will cost about $1,600/yr to drive. Of course if you drive more than 15k/yr or gas in your area averages over $3/[sign in to see URL] $1,400/yr in savings using your Honda would go up. You should factor in the annual depreciation variance as well. On gas alone, it would take you about 3 years of driving to get your $4,500 by driving the Honda.
8/27/2009, 6:41 pm Link to this post   
 
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Re: Cash for Clunkers


quote:

Jack Flash1 wrote:

Just remember Chef, assuming you drive 15,000 miles per year, your Jeep will cost you about $3,000/yr in gas to drive (figure $3/gallon). Your Honda on the other hand will cost about $1,600/yr to drive. Of course if you drive more than 15k/yr or gas in your area averages over $3/[sign in to see URL] $1,400/yr in savings using your Honda would go up. You should factor in the annual depreciation variance as well. On gas alone, it would take you about 3 years of driving to get your $4,500 by driving the Honda.



Here's the deal, Jack.

I don't drive much. Jeep had 4,000 miles put on it in one calendar year. The three months comes up before the 3,000 miles at the old Jiffy Lube

So the cost of ownership is really a non-issue. Any trip longer than 5 miles will be in the new car. And any trip to school between about May and November is via JuanPower.

So issue is more: if something goes wrong, which one is going to cost more to fix? The jeep is bullet proof. The honda, while reliable and efficient, is a bit more costly on the repairs.

So I'll just go about my business spraying my un-burned hydrocarbons for 6.5 miles per day (while it's raining).



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8/27/2009, 11:50 pm Link to this post   
 
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Cash for Clunkers


[sign in to see URL] like it. I dig [sign in to see URL] use so not a big factor in operating costs. That said though, you might want to consider the depreciation costs (if either car is new enough to still be depreciating). Basically, you want a car that will not depreciate any longer if you do not use it very often.

I drive an old crappy care & probably spent $1,000/yr on repairs. However, if I buy a newer car (would never buy new), it will likely depreciate more than $1,000/yr. Therefore, it's a better economic choice to drive my old crappy car. That [sign in to see URL] realize for many a car is more than something that gets you from point A to point [sign in to see URL] I have not factored in.
8/28/2009, 5:13 pm Link to this post   
 
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Re: Cash for Clunkers


quote:

Jack Flash1 wrote:

I drive an old crappy care & probably spent $1,000/yr on repairs. However, if I buy a newer car (would never buy new), it will likely depreciate more than $1,000/yr. Therefore, it's a better economic choice to drive my old crappy car. That [sign in to see URL] realize for many a car is more than something that gets you from point A to point [sign in to see URL] I have not factored in.



Um, you've also neglected to factor tax consequences.
8/28/2009, 6:19 pm Link to this post   
 
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No, just don't think the difference in registration/license fees is worth mentioning. I guess if you're looking to trade in an old crappy car like mine for an expensive newer car it would have more of an impact. But there are tons of other of these small [sign in to see URL] just feel repairs/gallons per year & depreciation are the big cost drivers.
8/28/2009, 8:45 pm Link to this post   
 
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Re: Cash for Clunkers


What I was getting at is, to the extent the car is used for business purposes, then certain sections, for example 167 and 179, of the [sign in to see URL] could apply.

Last edited by Avenge02, 8/28/2009, 9:03 pm
8/28/2009, 8:59 pm Link to this post   
 
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Re: Cash for Clunkers


quote:

Avenge02 wrote:

quote:

Jack Flash1 wrote:

I drive an old crappy care & probably spent $1,000/yr on repairs. However, if I buy a newer car (would never buy new), it will likely depreciate more than $1,000/yr. Therefore, it's a better economic choice to drive my old crappy car. That [sign in to see URL] realize for many a car is more than something that gets you from point A to point [sign in to see URL] I have not factored in.



Um, you've also neglected to factor tax consequences.



By tax factor, do you mean registration, state fees, etc?

In Oregon, our annual fees are not based on car value. It is, in more cases, a flat fee. So the cost of having a 2010 Subaru or a 1993 is the same.




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8/28/2009, 9:35 pm Link to this post   
 
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You got [sign in to see URL] we run California on that?
8/28/2009, 9:47 pm Link to this post   
 
chefjuan Profile
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Re: …


quote:

Jack Flash1 wrote:

You got [sign in to see URL] we run California on that?



It's renewable!

ChefJuan, Juan Uribe, any will work....

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9/5/2009, 12:01 pm Link to this post   
 


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