Should I Fix Old Car Or Save For A New One?
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- Опубліковано 8 вер 2024
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Dave is so real I love it 🤣
Dave: What’s your household income?
Caller: Doesn’t answer his question
Dave: Cool, so what’s your household income?
Lol I wish I knew what that household income was like.
😂😂😂😂
This person is worried about buying a 3000 car? Come on, he makes 140k a year. He can afford alot better than a 3000 dollar car at that.
Well no they are in the baby steps. Once they get out of debt they can start moving up the car
And because you can, doesn’t mean you should
I drive a 1500$ Toyota Corolla and it’s a lot better than newer Nissans and Chevy cars
@@damonleeb drive a car your age
His callers are all staged. Like the Jerry Springer show.
I'm 35 years old and I've never had a car payment. Glad I'm good at fixing stuff.
if only more people aspired to grown up to be like you.
I'm jealous... I'm 39 and I'm already on my 5th and 6th cars with only 1 car payment left.... but I drive almost 70 miles a day and my wife has totalled 3 cars in the past 10 years
Altair Ibn-La Ahad can you replace the wife??
hersheys247 😭😭
hersheys247 hahahaha😂😂
Average payment is 500 so until you put 300-500 a month in repairs its dumb to buy a new car. Vehicles are a waste of money...never buy new they are not worth much once you pull off the lot.
+David White Exactly!
+David White I never had a car payment either until 2014 when I paid off my house then decided to buy a entry level car which is a 2014 Honda Civic you never lose money if your keeping the car for life like I am planning on doing.
And it can cost upwards of $500.00 to register and title it the first time
David White Do what works for your budget,I've been a mechanic my whole life drove a 1969 Camaro 427 as a daily driver before they became collector cars,I saved a ton of money from day one,I bought a new Car because I have a family member in Prison and it's a long drive I planned on taking my Mother but she has passed away since then,I haven't lost anything because I won't sell the car I bought back in 2014 you really lose money when you trade them in,like I said do what works for your budget,I've made plenty of money off people with old cars needing repairs so I do see both sides.
exactly David ! I never bought a new car in my life ! most of them are ready for the junk yard before they are paid off ! just because you bought a new car don't mean your troubles are over ! you have trouble with all cars, period ! and look at all the call backs on new cars today !
First off, Dave should've asked him what kind of car he is driving. Hondas, Toyota, Nissan any Asian car is very reliable and if you keep up with the maintenance it'll last you forever.i drive my 98 Honda Civic with over 200K and it would lasted my forever and driving great... only until a truck rear ended me and I was so sad to lose such an amazing used car.
I have a Honda Civic 96 that I bought new and have maintained it regularly. It now is needing expensive repairs with 250K miles so I went car shopping new and like new used. Nope! They're not as good as mine and by the time you figure in payments, insurance, taxes, etc. my used Honda which is only costing me $1k a year now is cheaper. I'm retired and don't plan on driving much any longer. Been taking public transport. so can't justify scrapping/selling a great car for a good used one that's probably someone else's headache...and will need repairs.
Nissans are mostly junk
2007 honda Civic , 200,000 miles and running like new😎 .
@Ski1998 yeah I was going to say Nissans aren't on the same level as Toyota and honda
For most people stable reliable transportation is a basic building block for life and finances.
I normally just buy new once the repairs cost more than the value of the car, but I drive 66 miles a day as well so my vehicles have to last into high mileage as well as get good gas mileage.... my wife on the other hand doesn't drive as far as me and she has a horrible driving record, so she gets the used beaters that aren't worth as much.
I say as long as the body is in decent shape and it runs good , fix it up and keep it ! body putty, sandpaper and primer is cheaper than another vehicle !
car body lasts nearly forever in california!
One statement if you mechanically inclined you can save a lot of money if don't take much to understand your vehicle service your car often take some time with it not just driving it maintain it also
Been a licenced driver for 28 years. In those 28 years I've had a car payment ($415/ month back in 2005) for all of 48 months. I'll never take on another car payment again. I can turn serious wrenches and I save a ton by being able to do so.
Which cars last longer considering that you have experience for 28 years? I want to get a used car soon once my lease is over. I have to say I will never lease a car again
@@volquezm6689 get a 90's Toyota or Honda
"old car is done" - depends on what type of repair is needed. Dave forgot to ask a very important question. Unless it's major engine or transmission issue, almost of other repairs can be done by DIY owner for much much less and it doesn't cost $1400!!
Lol the ball joint and AC evaporator is knocking on your door
I love Dave's blunt, Southern hilarious remarks. God Bless him.
country song on wheels 😂😂
MY BOY DAVE AT IT AGAIN!
ALL HAIL DAVE!!
3:53 That's so me right now!!! I still need a few more months to feel comfortable to jump into a new vehicle, but what makes me READY to get into a newer vehicle is the emotional stress. LOL
I really feel the vehicle I'm in has more life in it.
What about if you are the sole owner of the old car? Mine is coming up on 18 years old with 257k miles, but has a couple of things going wrong. Should I spend money on repairs or get another used car I don’t know the history on? Huh, maybe I should call in 😂
How many people with 140k income would put up with such a car ... it wouldn't be in my driveway for too long.
+Will Spoon Unless you were >100k in debt and working that off through the Baby Steps...
true ... however I agree with dave's message whereas they could upgrade to a better hoopty
The caller has a lot of discipline. I couldn't put up with that much trouble either, but he'll be rich before me because of his choices.
Eric, everyone has their own race to run.
Especially 140k in North Dakota. If it’s 140k in NJ or NY it’s nothing.
This video really helped me. My phone camera broke and it will cost me $55 to fix but a new phone would be $250 and that 3 year thought helped. And I know that my I won’t want this phone within 3 years. So thanks
Cars now days are designed to break. It used to be that there were less manufacturers so the incentive 50 years ago was to build quality so that you could maintain customer loyalty and expand your market. Now it is about selling cars at cost and making money on repairs and parts. A car will give you 100,000 - 200,000 miles on the mechanics itself, the engine specifically. But the other components necessary to to run the engine (the ignition system in particular) is run by onboard computers and electronic sensors. Electronics are highly subject to heat and grease which is what a car's internal combustion system is all about. Electronics and an ICE is a marriage that's bound to fail. Keep in mind as a buyer that a person won't want to sell a car unless its giving him trouble (the same advice that Dave gives you if you own a lemon with payments.) If you find a seller who is moving, that can no longer drive for health reasons, or is part of a deceased estate sale, then it is a different story.
You couldn’t be more wrong. Cars today are designed to last 200k miles or more.
A country song on wheels! Lol :) Nice analogy Dave.
140,000 a year and he needs advice to fix or buy another 1,400 dollar car ...
What would the threshold be for paying too much for repairs on a used vehicle? I just spent $2000 replacing my Jeep’s driveshaft assembly and other joints (paid off), but it’s valued at $4500.
Bet it’s not a Honda or Toyota
The callers, Dave, and a lot of the commentors, all reveal much misunderstanding of motor vehicles in general. They don't magically just wear out and become worthless. Many of them are driven to junk status prematurely, due to a lack of both preventive and corrective maintenance. Even 15-25 year old vehicles can remain quite dependable and serviceable if they are maintained. I have a 2003 Trailblazer with 223K miles on it. Book value is likely $2-$3K. It has been very reliable. I trust and depend on it. If it failed me right now, needing a new engine, I wouldn't hesitate to do it, even if it cost $3000-$4000. I would not go into the marketplace and buy a $3-$4K replacement because I wouldn't know it's history and what I could expect in the way of future dependability. If I only got 3-4 more years out of my Trailblazer, it would have cost me $1000-$1300 a year. I might get more, but that's a very nominal cost in this era, either way.
4:14 I can relate 😂
Awsome advise. Keep it up Dave.
No Car Payments. the dealerships don't want you to watch this videos
How do you have car problems at $140,000/year?
Honestly considering they made 140k and only paid of 70k in 2 years that’s a little slow I think for debt.
Fix it.
Stop by the grocery store to get some rice and beans, jump on the bus for a decade and get there faster, kiddo.
Either way Cars just got you money. They are such a liability! Just figure out what suits you?..
Salvage won't even give you $1000!!
lol I guess my car is a country song on wheels. hahahaha
You can’t fix stupid. Scotty
How much debt does this guy have? I earn 1/3 what he does and drive a 2015 BMW - I'm glad i'm at baby step 7.
Diamond Dave if you listen, he tells you
he only said how much debt he had about 3 times in the video, why don't you pay attention instead of just wanting to brad about your BMW that no one cares about
lol spot on
This guy sounds like my uncle Merle!
I had an experienced mechanic once explain to me that for a used car one should budget about $100 per month (. $1,200 per year) for repairs & maintenance. Considered just a cost of driving a car. So if he has a $1000 repair and can drive it for 12 months, then repair it and hopefully it will be sale able at that point. The trick is, before shopping, ask your mechanic what model car he almost never gets to repair, only maintain. That’s the one to buy. I did just that, I’ll let you speak to your mechanic rather than reveal what I bought. Three mechanics said the same make and model though.
do not buy american car buy a german or japanesse one and quit worrying about repairs
Yeah buy German and you will be in the same boat as American
Yeah because BMW’s and Benz’s are notorious for their “reliability “
not german!, Japanese is better. Honda, Mazda, or Toyota.
Excellent name. Only the best looking males are named Cole. FACT!
wrong advice! lol