
So when I started this process, I had a list of requirements:
- Could drive across the country comfortably (sit in for 8 hours in 1 day no problem)
- Could tow a boat
- Could seat 4 people comfortably
- Is a manual (I am only this age once, why not)
- Is fun to drive, and is a bit sporty.
- Costs less then $16k.
- I can get in it, turn the key, and go.
- Acura (luxury model of Honda)
- Audi models
- Some BMW's
- Dodge Charger
- Some Lexus's
- Honda Civic Si
- Scion tC
- Acura RSX (Integra)
- Mazda RX-8
- Mitsubishi Eclipse
- Nissan 350Z
- Ford Mustang
- Honda Accord
- Mazda 6
I decided to save the $4,000 as a maintenance budget, and get the lower "cost per mile". I think by using this logic you can actually get a "really good deal" with modern used cars. But you have to be interested in the car for the long haul. By doing this, my cost (in value) per mile is less then 15% of what it would be at 40k miles (slope of the line flattens after 100,000 miles). Also, according to the maintenance reports, most maintenance happens after 120k for these cars. This means that if I have this car for a long time, I'll have to pay it anyway. So I decided to take the risk and bought the cheaper, higher mileage car. So when you do the math on the value and cost per mile it's pretty interesting. Assuming that this thing is going to be worthless at 200k miles, which I know KBB doesn't say, but I just can't see cars holding value for that long, it puts the cost per mile at $0.13. This is interesting because that basically means that unless gas is $4 a gallon, the car's depreciation value is actually more expensive than the gas. This also means the car's expense is laid out over 5-6 years. Which I think is perfectly reasonable for a car. Also for those penny pinchers out there like me who don't want to pay the parking meter, for the 10 mile drive that costs you $2.25 do you think not paying the $1.50 to the parking meter is worth it? Yeah, pop those quarters. Also, with these descending graphs you can clearly see a car is not an asset. It is a long term expense which takes its form in a pile of cash up front. But the actual cost is in $ per year, and $ per mile.
Conclusion: I love my car! It was absolutely the right car to purchase. The purchasing process was a lot of work, but it was worth it. My favorite parts of the car: - Automatic Climate control AC. This is pricelessly wonderful and I don't think I'll ever go back
- A 2.2L 210HP engine in a smaller car. This thing has zip but also just power. It can hold 80mph on cruise control and even accelerate at that speed. The power curve above 110 is very shallow.
- Quietness - In America this is way too undervalued. I like to be inside a quiet car so I can hear the conversation or have a phone call. This car is very quiet.
- All of the seat adjustments.
- Heated side mirrors (winter and water sucks).
- The clutch is pretty sensitive, due to that the engine's 1st gear is very low and it makes smooth shifting on the low end very challenging. I jerk my passengers around most of the time, and it's really tempting to just start in second gear.
- Stereo really is sub par (for being a luxury car). No iPod hookup by default (I'll have to install one).
- Hitch install was "tricky" to say the least. Plan at least 5 hours.
- Blind spots are very present, the leaning forward and using the side mirrors more helpful, but actually checking is really important.
- No auto passenger side window? Tiny detail but why not? The 2010 Mustang had it.
I would highly recommend this car for anyone with the same needs/goals I had.