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Old 10 Sep 2005, 02:54 pm
Dr Nick
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Default Re: honda accord questions

well thanks for the info, that is probably the first actual answer Iv'
gotten on here, haha. main thing is with gas prices right now begin as they
are it's costing me 15 cents a mile to drive my car. (just for gas) not
counting unexpected repairs. being able to get rid of this car for around
13k (private sale) will cut the accord down to about 9-10k. making my
payments pretty easy to swallow. also can invest some of my money from the
maxima (sort of cash out it's equity if you will) and get into somethign
newer with a warranty. plus that wonderful new car smell ;-)

"Pars" <sdaro(remove)@hotmail.com> wrote in message
news:L42dnRXK5sY0qr7eRVn-pA@rogers.com...
> You're probably saving about $60/month in fuel & insurance cost by
> switching
> to a new Accord. In 8 years an 05 Accord would be worth about 7K while the
> 2001 Maxima would be ready for the garbage heap. Assuming an additional
> $2000 of maintenance cost for keeping an older Maxima on the road. In 8
> years, it'll probably cost an extra $7000 to own an 05 Accord vs keeping
> your old Maxima.
>
> However, if you don't have the $$$ to make the initial investment or you
> prefer the capability of your existing car, then I would stay put.. (I'm
> assuming a new Accord EX is about 22K and cost of owning would go up if
> you're financing)
>
> Pars
>
> "Dr Nick" <Drnick5@cox.net> wrote in message
> news:X7wUe.8578$Ix4.8570@okepread03...
>> > youre never going to make the money back that youll be losing on the 4
>> > year old maxima. as for the "premium" issue? only if nissan calls for

> it,
>> > and even then some people run a midgrade (89) without problems.
>> >
>> > if you want a new car, fine... but spending over $23k to save a couple
>> > hundred a year on gas is kinda nutty. and at least in california,
>> > registration is based on car value and goes down yearly. insurance, too
>> > for the most part. so any "savings" from the gas are likely to get
>> > wiped
>> > out.

>>
>> well nissan does call for premium. can you use less? sure, but the knock
>> sensor retards the timing which means less gas mileage and less horse

> power.
>> as far as doing this to save money, I'm not doing it for the short term

> but
>> rather the long haul. right now if I keep driving my car value will keep
>> going down, if I sell it now I can get about 13k for it. and not really
>> alter my montly payments. insurance isn't based solely on the value of
>> the
>> car (example, my brother drive a 2005 infinity FX35 and pays LESS in
>> insurance than my 2001 maxima yet his car is easily worth 3 times the
>> amount, we are twins with the SAME clean driving record). plan on getting
>> this car and keeping for at LEAST 4-5 years. also, with my maxima there
>> is
>> no warranty on it so anythign that goes wrong will be my problem (one

> thing
>> that comes to mind are the MAF's tend to go bad as well as the ignition
>> coils, total cost for both of those are over 1,000) my insurance will go
>> down 80 bucks every 6 months, a total of 160 a year. plus the peace of

> mind
>> that anythign goes wrong with the car, it's covered are the main reasons

> I'm
>> doing this. I can also lease a accord, sell my car and invest the

> remaining
>> money (stocks,bonds, ING high yield bank account (3.3%) ext.) plus using
>> less gas and less expensive gas. thsi was my MAIN reason for looking at

> the
>> jetta TDI orignally (40 MPG) but the cost of the car they are asking
>> (26,000) isn't worth it. those are just my thoughs.
>>
>>

>
>



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