patrick.net

We became a one car family 3 years ago. We paid cash for a new car 7 years ago from a heloc and then paid that off over a year or two and deducted the interest.

My husband uses an electric bike and loves it. We estimate a savings of about $7500 to $9500 from dumping the second car. Sometimes we swap out and I use the bike and a couple times a year we rent from enterprise.

KILLERJANE says

My husband uses an electric bike and loves it. We estimate a savings of about $7500 to $9500 from dumping the second car. Sometimes we swap out and I use the bike and a couple times a year we rent from enterprise.

Electric bikes are amazing. You get most of the health benefits of bicycling, but with a huge reduction in physical effort, so you won't show up at work all sweaty like you do riding a regular bike. And unlike with cars, pollution is negligible, there are no restrictions on who can use them, and they take up almost no space -- how can you not love them?

The only improvement I'd like to see with electric bikes is some kind of covering so that you can use them in bad weather without having to wear full-body rain gear. Maybe something like the pizza-delivery motorbike at the top left here, only but with side panels added:

Highways would need to get special lanes added so that you could be safe in one of these things, but that should be doable. As long as electricity doesn't spike in price in the next few years!

The article says this:

"Yes prices are actually going down this decade."

But...

If last year's model had optional features like iPod hookups and silly $25 LCDs that were priced at $1500 and this year's model includes those "features" for free, and if the price goes up by $1500 (forcing to pay for the options you don't necessarily want or need), then the BLS says there was no inflation.

Someone said this:

"When I was a kid in the early 80's you were lucky if a car made it to 100,000. Now its more or less expected they last at least 200,000."

You are speaking of American cars. They were absolute junk. Many of them would not last even 50,000 miles with out a new engine, paint job, etc.

Btw, lots of American manufactures really screwed up in the 80's: Fender and Gibson guitars, and Harley Davidson. They all got better in the 90's.

APOCALYPSEFUCK is Tony Manero says

I say everyone should be driving the 1971 Dodge Challenger and learn how to shoot out the window while tooling along on dirt roads at 120+ MPH

Will a Dodge Charger do?

http://www.youtube.com/embed/G5rjwBXTT8k

If getting from point A to B is your concern, then no, cars are not totally overpriced. They last for many years, and are very safe today due to vast amounts of research and development to engineer and produce.

But cars are also products, like a handbag, watch, or a pair of shoes. Style is important to some, such as myself. I like getting from point A to B in style and like to enjoy my driving experience as well. Sure it costs more, but it's all about what's important to each person.

From the link page...
"For the last 20 years during 1987 to 2007 prices have only risen an average of 0.9% per year."

That is total bullcrap. In 1987 there were still several models of new cars under 9K.

Average Price for new car in 1987 $10,3055.00
The average price of a new car today is running at $30748, up 6.9% from a year ago.

That is a 200% increase, if the author's statement were fact then it would be a 20% increase.

http://www.azcentral.com/business/consumer/articles/2012/04/09/20120409why-average-new-car-prices-hit-record.html

KILLERJANE says

My husband uses an electric bike and loves it.

Try doing that in places outside of coastal California. ;)

Vicente says

"One example is a 1949 Lincoln Cosmopolitan convertible. The car cost $3,948 in 1949. It had a V8 engine that got 152 HP and 8 miles per gallon. There were no airbags, no seatbelts and few modern features.

its rather stange since a 1963-64 ford mustang cost $2,500 NEW when it came out.

zzyzzx says

I bought my 1995 Ford Escort new for $12K (drive away price). Any comparable new car costs about 2X as much, and gets the same gas mileage. For what a new car costs, I can replace the engine and transmission in my Escort many many times over, so it really makes no financial sense to buy anything new.

If the homeowner isn't insulted by your offer...you didn't bid low enough!!!

You can get a brand new Nissan Versa for $11k msrp. More power than the Escort, similar mpg, far safer if you crash, less likely to crash due to abs, esc, quieter, more features.

I will admit however that the Versa sedan is strange looking. The Versa hatch is also kind of strange looking, but at least in an interesting way. The sedan looks like a child's drawing of a car.

FWIW cars in the US are a deal compared to the rest of the world. In Europe, China, and elsewhere, the same car will cost more. It's true that you can buy more stripped cars (QQ, Chery) but compare a US-made Honda or Buick to a China-made Honda or Buick (same design) and it's cheaper in the US.

KILLERJANE says

My husband uses an electric bike

Pics? (of the electric bike, not the husband).

SiO2 says

You can get a brand new Nissan Versa for $11k msrp. More power than the Escort, similar mpg, far safer if you crash, less likely to crash due to abs, esc, quieter, more features.

If I want to just move myself, I'd buy a used car for much cheaper (a beater, if my existing beater is unfixable). A Versa is significantly smaller than my Escort and doesn't have the cargo carrying capability. A Scion tC would be needed to be equivalent. However, the gas mileage of a tC sucks, and it's not made in USA.

CaptainShuddup says

From the link page...
"For the last 20 years during 1987 to 2007 prices have only risen an average of 0.9% per year."

That is total bullcrap. In 1987 there were still several models of new cars under 9K.

Average Price for new car in 1987 $10,3055.00
The average price of a new car today is running at $30748, up 6.9% from a year ago.

That is a 200% increase, if the author's statement were fact then it would be a 20% increase.

I agree, but more importantly one would have to compare the pricing on new cars to wage growth and not inflation numbers (irregardless of whose inflation numbers you are using).

housingcasino4865 says

Someone said this:

"When I was a kid in the early 80's you were lucky if a car made it to 100,000. Now its more or less expected they last at least 200,000."

You are speaking of American cars. They were absolute junk. Many of them would not last even 50,000 miles with out a new engine, paint job, etc.

My 1985 Ford Escort begs to differ. It lasted me 11 years and ~160,000 miles before the engine compression got too low to be drivable.

how long an engine & car lasts also depends on HOW it's driven NOT how long it's been driven.

Many people judge a car by it's mileage but very few judge it based upon the MANNER it was driven in it's mileage.

After a professional car race where the car has only been driven say 500 miles...

The entire engine needs to be rebuilt, the transmission is ready to fall apart, the brakes are completely gone, the tires are trashed, the suspension is no good, the wheels need to be aligned, rotors changed, drive train needs replacement...

The car is basically garbage since the repair costs would exceed making it worthwhile to repair.

Just because a car has low mileage does not necessarily mean it has a longer life left and vice versa.

Wear & tear is going to happen from use but that wear in the mechanical parts can very easily be expedited through a more aggressive and demanding manner which pushes the mechanical parts more.

Perfect Example of a 1964 Car Lasting 500,000 miles

http://www.youtube.com/embed/oJ-bKnWfYO4

Bottom line: Never buy a car that has been used by some young teenager or someone who has likely to have abused the thing or a car that gives reflags of being raced or used in a aggressive manner.

zzyzzx says

A Versa is significantly smaller than my Escort and doesn't have the cargo carrying capability. A Scion tC would be needed to be equivalent. However, the gas mileage of a tC sucks, and it's not made in USA.

Your Escort is based off of a Mazda. Hardly an American car.

edvard2 says

When I was a kid in the early 80's you were lucky if a car made it to 100,000.

Robber Baron Elite Scum says

how long an engine & car lasts also depends on HOW it's driven NOT how long it's been driven.

Baloney to both. Clean oil determines engine life since leaded gas has been phased out. Cars went 100k when using leaded gas. When the switch to unleaded happened in the early to mid 70's engines started lasting 200-300k easily. Lead deposits were very hard on rings and oil. Oil was filthy in 500 miles using leaded gas.

I change oil every 3k. I drove a 69 fairlaine to 220k till rust killed it, a 79 fiesta to 290k till ex fiance rear ended a van full of greeks (you can't make this stuff up), and an 86 5.0 mustang to 270k till I moved overseas and had to sell it. None were burning oil. The mustang had lots of hard running, including many, many runs at raceway park in englishtown. That car was like owning an anvil. The only thing I ever replaced in 15 years was brake pads (lots, fox mustangs had crappy brakes), clutch (twice), water pump (once), alternator (once), fuel pump (once), shocks/struts (once), hoses(twice), battery(?), and starter(once). Pretty damn good for a reworked fairmont econobox.

The distribution model of cars is outdated for most urban people's needs. Here in austin we have a bunch of small smart cars called "car 2go" in the city where you can rent them by the minute.

I'd sell my car and use them if my boring job was within walking/biking distance, then just rent a car for night / weekend things.

edvard2 says

zzyzzx says

A Versa is significantly smaller than my Escort and doesn't have the cargo carrying capability. A Scion tC would be needed to be equivalent. However, the gas mileage of a tC sucks, and it's not made in USA.

Your Escort is based off of a Mazda. Hardly an American car.

It's hard to determine these days what nationality a car is given where parts are made, manufacturing is and of course how the company is incorporated.

The new Chrysler are actually made in Windsor Ontario. A fair amount of cars were based off of others as chassis were standardized on a platform (delta I think was one by gm)

An argument can be made as to why they didn't motorcycles. Heck diesel ones can have sky high gas economy, forget about 40....try 100+.
http://en.wikipedia.org/wiki/Diesel_motorcycle

edvard2 says

Your Escort is based off of a Mazda. Hardly an American car.

It's based off the previous Escort AND a Mazda Protege. The engine is made in Michigan of a Mazda redesign (that sucked) and the same JATCO automatic transmission that several auto companies use. The car itself was assembled in Michigan. Having had the previous Ford Designed Escort as well, I liked the Ford version better, since it didn't drop valve seat like mad, like the Mazda version did. That and the Ford version had easily replaceable heater cores (a common problem on these cars). The Escorts that came after mine (2007-2003) had nothing from Mazda in them, which all by itself should tell you something.

I think cars suck big time and I ride my bike literally triple the miles I drive a car in a year. In my area lots of super fat and lazy people drive huge SUVs to go and get Dunkin Donuts, Bud Light and scratch tickets. They act as if they own the roads and are on important missions in their pig wagons. Now and theyn we have arguments and I enjoy smashing their cars with my bike lock if they piss me off.

Last year I bought my wife a 2011 Prius which is nice. I have an Infiniti which is dumb, I hate it, birds like to shit on it. We buy Toyota Matrix cars for our employees and give them iPhones and gps track them to make sure they are not driving around wasting gas or buying donuts.

I think more folks should telecommute and get rid of their cars. And big trucks and SUVs should only be sold to people with construction licenses who can prove they have work and a real need for a purpose built vehicle like that.

Also we have bought all of our personal and company cars with cash since 1998. We have one Nissan Versa, three Matrix, one Prius and my Infiniti. Cheap, low miles or new, Japanese made and all cash purchase is the only way to buy if you buy at all. If you live in the city you don't need a car. This is a simple topic.

Icabod says

And big trucks and SUVs should only be sold to people with construction licenses who can prove they have work and a real need for a purpose built vehicle like that.

Disagree.

That would be unconstitutional.

Rest of your posts I agree with. +1

Icabod says

If you live in the city you don't need a car. This is a simple topic.

Agree. +1

You can always buy a moped with a 49cc that does 100mpg for only $2,000 which can be driven with a regular driver's license.

The insurance will only be at most $600 a year and the gas at $600 a year.

That's $1200 a year for insurance and gas. Just add in another $200-300 for maintenance to be safe but I doubt the maintenance would be that much. Maybe $100.

You can fit that 49cc moped in your apartment in Manhattan. It's lightweight, small and can easily be put inside.

So NO parking expenses (except if you are going around manhattan to work/shop and need to park. But you may even be able to take the scooter inside depending on the employer.)

So $2000 plus the tax for purchase price. Then $1300-$1500 the most for gas, insurance and maintenance for the scooter. Maybe even less than that,

Not bad at all. Considering if you buy a piece of shit car for $2000 and then pay $$200-400 a month for gas, $100 a month insurance (probably more), expensive parking cost and your maintenance costs are sky high because it has a shit load of problems.

But than again... You most likely do not need a car in the city. Most people don't at all and it's really expensive to keep a car in the city.

It's a headache to drive around as well and then find parking to wherever the hell you are going.

I guess a bike and public transportation would be best. Maybe a moped possibly if spending just a little more would not be a problem. Only problem is that mopeds are stolen a lot and parking may also be just as hard.

I wish public transportation was quicker and more convenient in Los Angeles, but cars are unfortunately very necessary. The only thing that stops me from riding a moped or motorcycle is knowing that I'll one day be run over and killed by a wannabe actress texting and rushing in her SUV to her audition for the role of bimbo #4.

So 9 years ago I bought a 1997 Camry.

The car itself cost me $4,000.

Then right off the bat, spent $1,017.33 on tires, timing belt, PCV valve, etc. etc. etc.

I keep repair records and in the last 9 years have $6,540.99 for parts, maintenance, registration fees, etc.

Not bad I guess, although higher than I would have guessed before I ran the numbers. My "gut" doesn't account for the battery here, the timing belt and water pump there, etc. etc. On the one hand I put on new struts last year which most people wouldn't bother with on old car, on the other hand I did it myself so it was cheapish. I could have saved more here by not fixing the AC when it broke, or letting it continue to leak oil all over the street, but while I don't need a pretty ride I like everything working 100%.

The average American drives 13,476 miles per year. I drive mainly for shopping & road trips which equates to 24% less than average American. I'm not going to sum up 9 years of gas. I did have the last 2 years in a spreadsheet some rough extrapolation gives gas expense of $11,928.51

So looking at a 9-year total cost of $23,486.83, no inflation corrections applied just summing up the numbers.

Thought this might put things in perspective. A "cheap" car can fool you, all that other stuff really adds up over time.

Robber Baron Elite Scum says

Icabod says

And big trucks and SUVs should only be sold to people with construction licenses who can prove they have work and a real need for a purpose built vehicle like that.

Disagree.

That would be unconstitutional.

Rest of your posts I agree with. +1

Member of Banking Aristocracy

Not exactly unconstitutional. In several states there's a Dodge truck that is not allowed to be sold due to diesel emissions. CA, MA, ME etc
here's a forum where they kinda found it
http://www.ramforum.com/f45/built-ca-7202/

There's nothing in the constitution that specifically states that everything in all states is legal everywhere. States have different laws with say...alcohol, fireworks, buying a gun etc.

Let's not also forget that California has a bit of a sway to things nationwide. If CA puts those little tags of "This has been determined in the state of ca to cause cancer" they put it on all of them since the cost is too high to make two different versions..which generally creates lower sales.

Vicente says

Not bad I guess, although higher than I would have guessed before I ran the numbers. My "gut" doesn't account for the battery here, the timing belt and water pump there, etc. etc. On the one hand I put on new struts last year which most people wouldn't bother with on old car, on the other hand I did it myself so it was cheapish. I could have saved more here by not fixing the AC when it broke, or letting it continue to leak oil all over the street, but while I don't need a pretty ride I like everything working 100%.

I'm about to replace all 4 struts (using quick struts) on a 2000 Camry. I'm doing this because the rear struts are bad and that's causing tire damage. So when I'm done, this person is going to need 2 new tires as well (I'll have those put on the front of the car though). Then I'm going to do a timing belt/water pump since that's also still all original (it's a 4 cylinder Camry and has something like 110K - 120K miles on it). I assume that you did all of this yourself? There is plenty of room in the engine bay (relatively speaking) so even doing the timing belt doesn't look too bad (even though I've never done one before).

nw888 says

I wish public transportation was quicker and more convenient in Los Angeles, but cars are unfortunately very necessary. The only thing that stops me from riding a moped or motorcycle is knowing that I'll one day be run over and killed by a wannabe actress texting and rushing in her SUV to her audition for the role of bimbo #4.

Isn't LA too spread out for public transportation to be effective???

zzyzzx says

I assume that you did all of this yourself?

Haha no.

RockAuto I think it was I got the Monroe QuickStruts from, when they were running buy 4 get one rebated so the parts were affordable. I could handle the QuickStruts after some study of the Haynes manual and determination, took me about 2 days though all told. I've done some of the other single easy fixes like replacing the radiator, rotors & brakes, etc.

When it comes to a pile of fixes like timing belt, water pump, and resealing everything I find a mechanic. The AC I probably should have just worked through a delete, and suffered through occasional hot days. But I elected to fix it for family comfort, and AC repair is stupid expensive out here I think it wound up being $800-$900. Whoops it seems I missed that one when totalling up the repairs above, so that figure is higher still.

I'm up to 227K miles. The engine itself is I think nearly indestructible. It's all that accessory stuff around it that costs you on repairs.

No matter how I think I have a "cheap" car, DIY savings, drive less & bike more, it still costs more than I thought.

Icabod says

In my area lots of super fat and lazy people drive huge SUVs to go and get Dunkin Donuts, Bud Light and scratch tickets. They act as if they own the roads and are on important missions in their pig wagons.

It sounds like you live near where I live. :-)

John Bailo says

Portable computers cost $1,000 for four pounds, equivalent to $250 per pound.

That's why computers aren't sold by the pound. Ground beef is sold by the pound.

wthrfrk80 says

Icabod says

In my area lots of super fat and lazy people drive huge SUVs to go and get Dunkin Donuts, Bud Light and scratch tickets. They act as if they own the roads and are on important missions in their pig wagons.

It sounds like you live near where I live. :-)

You shouldn't eat donuts. Bad for ya.

I don't drink beer very often, only if I'm out for lunch with people I work with and they're all having a beer with their burger. Even then, it's a good microbrew. We have plenty of that here.

Vicente says

So looking at a 9-year total cost of $23,486.83, no inflation corrections applied just summing up the numbers.

Thought this might put things in perspective. A "cheap" car can fool you, all that other stuff really adds up over time.

That's about $200 per month. Some people pay that much for cable tv. Having freedom to go when and where you want at any time is well worth $50.00 a week.

Vicente says

So looking at a 9-year total cost of $23,486.83, no inflation corrections applied just summing up the numbers.

Thought this might put things in perspective. A "cheap" car can fool you, all that other stuff really adds up over time.

I can only imagine what the costs would have been if you had bought a $80,000 Mercedes Benz.

This post confirms what I believe to be true...

That cars have become overpriced pieces of junk.

And the costs just to keep the damn thing running is MORE than what it cost you to buy the god damn thing...

Even Toyotas are expensive. They are much less so than many other cars but still expensive...

bob2356 says

That's about $200 per month. Some people pay that much for cable tv.

Which is a lot. People actually pay that much for cable? lol

Waste of money. TV today is no longer entertaining. It's just a bunch of nonsense like jersey whore and some other dumbed down garbage.

Most entertainment found on TV can be had for FREE on the internet.

Nobody watches TV all that much anymore. Waste of time too...

bob2356 says

Having freedom to go when and where you want at any time is well worth $50.00 a week.

It's nothing new... It's an old technology.

Most people NEED that convenience because of jobs and how the world works. You buy something online today, how does it come?

Through Fedex, UPS or USPS truck...

The old days of walking to your local brick & mortar store right in your town is OVER... Cars are not a luxury anymore and they shouldn't be costing as much as they do.

People also don't seem to bike. I hardly seem to see that many people biking. I remember even in the 90s, I saw plenty of people biking even though cars had been available for such a long time even till then and the gas prices weren't as bad.

But nowadays with gas prices much too high...

These spoiled rotten whining and complaining FAT fucking Americans always love to bitch about the gas prices while they drive a huge fucking v8 SUV... I hardly ever see anyone ride a bike. Very rarely do I see someone besides a illegal mexican and hardly see those either.

bob2356 says

That's about $200 per month. Some people pay that much for cable tv.

Some people also pay that much for cigarettes so they can inhale carcinogens and watch themselves die slowly.

Regardless... It's a waste of money.

I think I paid $15,200 for my brand new 2003 Honda Civic LX. I put 50% down and financed the rest. I paid the car off in two years. So far I put on new Front tires, want replaced the front breaks, timing belt, water pump and oxygen sensor. I'm just reaching 120k miles now.

As for old technology, you could pretty much say the same thing about concrete. It's been around since the roman empire, it should be dirt cheap it so outdated technology. But good luck getting a concrete guy to install your sidewalk or new driveway for next to nothing using this argument.

TechGromit says

But good luck getting a concrete guy to install your sidewalk or new driveway for next to nothing using this argument.

The way concrete is made requires extremely extensive hard labor.

Most cars are not hand-made and assembled. They are made under as much automation as possible in a computerized factory with as little human involvement as can be possible.

Comparing concrete to cars is not something you can compare.

rootvg says

wthrfrk80 says

Icabod says

In my area lots of super fat and lazy people drive huge SUVs to go and get Dunkin Donuts, Bud Light and scratch tickets. They act as if they own the roads and are on important missions in their pig wagons.

It sounds like you live near where I live. :-)

You shouldn't eat donuts. Bad for ya.

I don't drink beer very often, only if I'm out for lunch with people I work with and they're all having a beer with their burger. Even then, it's a good microbrew. We have plenty of that here.

Best thing about riding your bicycle 26 kilometers (16 miles) round trip to work every day like I do: you can consume all the junk food and beer you can handle, with no repercussions!

Robber Baron Elite Scum says

Most cars are not hand-made and assembled. They are made under as much automation as possible in a computerized factory with as little human involvement as can be possible.

That is VERY true. It should be noted that some believe that somehow everyone laid off from a auto plant was mechanic..that's not true.

Doing the same things over and over again as a job isn't exactly that sophisticated.

http://www.topnews.in/indian-auto-plants-way-world-top-10-2258436
see anyone working on the lines? not so much.

Actual hand made cars are much more expensive. If someone wanted one it would be on a 100K+ level. At that point relationships with the mechanic are much higher. I wouldn't want to drive something that if a guy sneezed a lug nut was turned too tight and causes an accident etc.

To note I've heard that pinball machines actually have about 10,000 parts. There are hobbiest kits out there for those that want to get into it but it costs the same (10K). Why someone would pay 10k for something to put together with 10k pieces is beyond me.