How much do Bogleheads pay for their cars?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities

How much do Bogleheads pay for their cars?

$ 5,001 - 10,000
25
9%
$ 15,001 - 20,000
57
21%
$ 15,001 - 20,000
57
21%
$ 20,001 - 25,000
53
19%
$ 25,001 - 30,000
31
11%
$ 30,001 - 35,000
17
6%
$ 35,001 - 40,000
14
5%
$ 40,001 - 45,000
6
2%
> $ 50,000
15
5%
 
Total votes: 275

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femur
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Post by femur » Thu Jun 23, 2011 7:55 pm

Madd Hatter wrote: Straight up ballin.
Word Life.

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Go Blue 99
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Post by Go Blue 99 » Fri Jun 24, 2011 12:34 pm

My current car is a fully loaded 2004 Mazda 3. I bought it new in 2004 for $19,100 (using X-plan pricing and a $500 college discount).

Our next car will be a small SUV, after we have a kid in 1-2 years. We are looking at spending $30-$35k.

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Nestegg_User
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car prices

Post by Nestegg_User » Fri Jun 24, 2011 12:55 pm

I am looking at either Ford (Escape Ltd and Focus SEL) and Chevy's (Impala 2LT or Malibu LTZ) for about 24K to replace a 2002 Olds Intrigue w/ > 150 K miles (which is beginning its decent in reliability).

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Taylor Larimore
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Car costs

Post by Taylor Larimore » Fri Jun 24, 2011 1:54 pm

How much do Bogleheads pay for their cars?
We paid $15,852 for my 2006 Toyota Corolla and $30,000 for Pat's 2005 Lexus ES330.
"Simplicity is the master key to financial success." -- Jack Bogle

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Random Musings
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Post by Random Musings » Fri Jun 24, 2011 3:22 pm

Taylor wrote:
We paid $15,852 for my 2006 Toyota Corolla and $30,000 for Pat's 2005 Lexus ES330.
Does she at least let you drive her car every once in a while? :lol:

RM

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Taylor Larimore
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Post by Taylor Larimore » Fri Jun 24, 2011 3:31 pm

Random Musings wrote:
Does she at least let you drive her car every once in a while? :lol:
RM:

I like having more money in my pocket--especially after filling-up at the gas station. :wink:
"Simplicity is the master key to financial success." -- Jack Bogle

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friar1610
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Post by friar1610 » Fri Jun 24, 2011 5:24 pm

Bought a 1997 Lexus ES300 in Jan. 1999 for $25K (off a lease). 13K miles. I 'm just looking into replacing it. Has 185K miles but may need work that will drive me toward another car. OTOH, if the repairs are cheap I may go for 200K.
Friar1610

harrychan
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Post by harrychan » Fri Jun 24, 2011 7:40 pm

OTD:
$22k 2003 Nissan Altima 2.5S 97k miles
$20k 2006 Subaru Impreza Wagon 22k miles
This is not legal or certified financial advice but you know that already.

mithrandir
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Post by mithrandir » Fri Jun 24, 2011 7:52 pm

2008 Subaru Outback wagon for $22,240 (new). Have a "bumper-to-bumper" extended warranty through 70K, will likely buy another new car then (2014 or 2015 MY).

mtbouchard
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Post by mtbouchard » Fri Jun 24, 2011 8:03 pm

In 2004, bought a 2000 Honda Civic EX for $8k with 43K miles.

Still have it - runs great, and with 120K will run for a while. I rent in SF and have street parking, so not a great incentive there to have a great car. :)

Matt

ataloss
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Post by ataloss » Sat Jun 25, 2011 6:45 am

So, I spent more than $50k on a Range Rover. If it's any consolation, I have typically kept cars for 10+ years.
your mechanic will appreciate it!

deerhunter
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Location: Central Ohio

Post by deerhunter » Sat Jun 25, 2011 7:11 am

My Ford F150 4x4 Super Crew cabs list at about $37000 and I bought the first one for $27000. I drive them about 50000 miles in two years and trade for a new one for about $10,000.

My 2004 Buick LeSabre will be driven until it has to be towed away.
Living off the land is a family tradition.

Rodc
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Post by Rodc » Sat Jun 25, 2011 8:33 am

'07 Accord, maybe $18k

'09 Forester, about $21K

Adjusted to 2011 would be a little over $20k so I clicked $20-$25
We live a world with knowledge of the future markets has less than one significant figure. And people will still and always demand answers to three significant digits.

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TxAg
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Post by TxAg » Sat Jun 25, 2011 10:20 am

The most recent car we purchased was about $10,500

The other was my truck... bought new in 2005 for about $25,000

norm
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Post by norm » Sat Jun 25, 2011 10:42 am

Last Feb. I bought a 2008 Toyota Sienna with 48,000 miles for $18k. It now has 52,000 miles. I drive my gf's '96 BMW Z3 convertible most of the time. It has about 62,000 miles on it.

magicmom
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Post by magicmom » Sat Jun 25, 2011 1:01 pm

$2800.00 1992 Honda Civic Dx still going strong 225500 miles

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topper1296
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Post by topper1296 » Sat Jun 25, 2011 1:10 pm

I paid a hair under $20K for a used 02 Acura TL. It is approaching 10 years old with 130K miles and still looks great and runs great. Hoping to get about 210K miles out of it before I trade it off. 210K miles is about when I will be due for a timing belt change that cost over $1K and I don't want to spend that much $$ on a car that old with that many miles when I get there.

On a side note, my previous cars were a used Ford Tempo and used Ford Taurus (my next car was NOT going to a Crown Victoria even though that was the path I was on.:lol:)

Sam I Am
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Post by Sam I Am » Sat Jun 25, 2011 2:43 pm

Message deleted.
Last edited by Sam I Am on Mon Oct 21, 2013 3:37 pm, edited 1 time in total.

Eureka
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Post by Eureka » Sat Jul 02, 2011 5:44 am

The combined purchase cost of my last three vehicles (going back to November 1988) was $13,800. The first one was new, and I drove it for 13 years. Paid cash for all three. (I know, it's hard to believe, but it's true.)

I have lived in a rural area with no mass transit or taxis for almost 17 years. Even when I lived in a city, I never used mass transit. Between 1994 and 2007, I drove 15 to 17 miles (depending on the route) to work one way five days a week.

jrw1930
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Post by jrw1930 » Sat Jul 02, 2011 8:59 am

07 Lexus new (loaded) for about $40 k less trade-in; has 40 k miles. 98 Honda Prelude new for about $25 k; has over 100 k miles. I buy new thru the internet (saved over $2 K on the Lexus, including trade-in) and keep my cars forever. I had a 73 Vette for 23 years. Upkeep has been minimal on these two cars.

sschullo
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Post by sschullo » Sat Jul 02, 2011 9:03 am

My last car, 1997 Sport Explorer bought from a friend who wished he never sold it to me in 2005 for $4000, with new tires!
Looks like new, had it detailed, new seat covers. Cars last forever in California. Its the best car I have ever owned.
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

Beantown85
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Post by Beantown85 » Sat Jul 02, 2011 9:12 am

~7k for a used pickup.

edawg
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Post by edawg » Sat Jul 02, 2011 9:23 am

In a sign that I may be a Boglehead, traded a 2008 Ford F150 SuperCrew I'd bought new for a used 2006 Certified Honda Pilot and pocketed $4500 I immediately used to pay off the HELOC on our house. Plus every month, the Honda puts $80 back into my pocket on gas (and I actually fit into parking garages again).

Next car is very likely to be a new Kia Soul for under $20K so my daughter can learn to drive with the heavier/safer Pilot.

billw
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Post by billw » Sat Jul 02, 2011 9:38 am

2005 $16K cash for 2004 ford c/v 16k miles now has 70k miles on it.

Last year bought a 2005 Chev Trailblazer at auction and gave to my daughter. 69k miles, good shape $4500.

At same time bought a 2004 Ford C/V 69K miles, good condition for $4300 and kept for 2nd car.

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Cloud
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Post by Cloud » Mon Jul 04, 2011 5:01 pm

Claude wrote:In the same spirit in which I "overspend" on hockey helmets and mouthguards for my kids, I spend money on a large, heavy, technologically advanced SUV. I know there are ethical questions around how I protect my family at the "expense" of other cars on the road. I try to balance it out in other ways.

So, I spent more than $50k on a Range Rover. If it's any consolation, I have typically kept cars for 10+ years.
If you hit a tree it's actually less safe then most small cars. Also, the only reason the rest of us are a little less safe in our small cars is because of your SUV... Food for thought.

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TomatoTomahto
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Post by TomatoTomahto » Mon Jul 04, 2011 5:14 pm

Cloud wrote:
Claude wrote:In the same spirit in which I "overspend" on hockey helmets and mouthguards for my kids, I spend money on a large, heavy, technologically advanced SUV. I know there are ethical questions around how I protect my family at the "expense" of other cars on the road. I try to balance it out in other ways.

So, I spent more than $50k on a Range Rover. If it's any consolation, I have typically kept cars for 10+ years.
If you hit a tree it's actually less safe then most small cars. Also, the only reason the rest of us are a little less safe in our small cars is because of your SUV... Food for thought.
The "food for thought" is what I referred to as the ethical questions about my form of protecting my family. I have not ignored the question. My decision does not sit entirely comfortably, but it is what I did. If everyone could agree to count down from 10 and get into small cars at 0, I'd join.

Why is a large SUV less safe hitting a tree than most small cars? I would have thought that a larger crumple zone would be a benefit.

cutterinnj
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Post by cutterinnj » Mon Jul 04, 2011 5:17 pm

Bought a 2005 Lexus ES 330 for $16k preowned certified car with around 40k miles from the Lexus dealer in February 2009.
It's essentially a very nice/comfortable Camry.

Absolutely fantastic purchase from a desperate dealer. It was an off-lease vehicle that came back in around September/October, initially put up for around 23k. I watched it drop until I couldn't take it anymore and bit. Lexus customer service has been fantastic, and has me covered bumper to bumper until next February (highly recommended!)
My resale value is stellar; I see the same year car advertised for around the same price now. Plan on driving it into the ground and hopefully give it to my daughter when she goes to college (she's currently 7 months old.)

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Cloud
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Post by Cloud » Mon Jul 04, 2011 10:15 pm

Claude wrote:
Why is a large SUV less safe hitting a tree than most small cars? I would have thought that a larger crumple zone would be a benefit.
I don't have current data but a few years ago Pickups and Large SUV's consistently did worse in single car collisions. Obviously they were more prone to rollover but more importantly they actually did worse with the crumple. Because they were built stiffer and more ridged for off road and towing they didn't crumple well and in many cases would just fold in half like the Ford F150's and Explorers did in the middle of the frame. Things may have changed since then as I haven't read any current studies.

Yea I hear you on the 'if everyone drove a smaller car' we'd all be safer. I feel the same way, it's a tough choice.

SwampDonkey
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Post by SwampDonkey » Tue Jul 05, 2011 1:34 am

Bought in 2005 ---

A salvaged title 2003 Toyota Tacoma Ext Cab with TRD, SR5, 4x4, rear lockers, etc. etc. It had 28,xxx miles on it. I paid $15,000 for it.

It's now at 112,xxx miles, no major maintenance needed, towed moving trailers across the U.S. twice, and amazingly, I'm still on the original set of tires (I have no idea how they have managed to last this long).

I'm looking to sell it in the near future and expect to get at least $8,000 for it. My next vehicle will be another truck and this one will probably be a full size to accommodate baby seats in the back.

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gunn_show
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Post by gunn_show » Tue Jul 05, 2011 1:29 pm

Looks like I am in the popular 15-20k category

paid 18k for an '05 Honda Pilot with only 23k miles on it. plan to drive it till it dies .... love the utility of it

my 5th Honda/Acura
"The best life hack of all is to just put the work in and never give up." Bas Rutten

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