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10 year old car w/77000 miles on it - no problems - is it worth keeping

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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:48 PM
Original message
10 year old car w/77000 miles on it - no problems - is it worth keeping
or should I sell or use as a down payment? Blue book value of it is $4800.

Subaru
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IndianaJones Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:51 PM
Response to Original message
1. I'd keep it until it had 250k on it. My olds is 14 years old. nt.
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Symarip Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:51 PM
Response to Original message
2. I say keep it
You always end up paying more for a new car in your monthly payments then what you did previously. You end up paying up the nose between interest and car lot mark up. And for a car that has such low miles, you still have many years of use before before the maintenance won't be worth it. Plus, I believe I read that holding onto a car is better for the environment in the long run than buying a new one now that is supposedly green.

I've had the same car for 8 years. I make plenty of money yet I have no desire to buy a new car. It's a hassle just not worth it.
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plcdude Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:51 PM
Response to Original message
3. definitely
a keeper
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MissMillie Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:52 PM
Response to Original message
4. if it's paid for and running well, why incur a car payment by buying a new car?
:shrug:
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Lars39 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:56 PM
Response to Original message
5. Keep it and start saving for car repairs or eventual replacement.
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MrCoffee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:58 PM
Response to Original message
6. If it's paid for, I say keep it.
Why pick up a car payment when you don't need to?
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nickgutierrez Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:59 PM
Response to Original message
7. If there really are no problems with it, keep it.
At least until credit markets are something like back to normal. Seems to me that whatever deal you get now will be a worse one than what might be available a couple of years from now, as the credit markets build themselves back up.
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Deep13 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 04:59 PM
Response to Original message
8. keep
Who knows how long any of us can afford payments for a new one?
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:00 PM
Response to Original message
9. Thank you much for the responses and perspectives! You guys ROCK!
:yourock:

I'll save for a downpayment on a house... :)
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Sequoia Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:05 PM
Response to Original message
10. I'd keep it. Heck I have a 1987 I'm still driving.
Worth....about $1,000 I guess.
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KG Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:10 PM
Response to Original message
11. depends. does it fit your image?
i mean, my pick-em-up truck is soooooo me! ladies swoon! :P
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CrownPrinceBandar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:11 PM
Response to Original message
12. Take care of it, it'll run forever............
Its not unusual to see Subes around here approaching 200K. Rust and body damage (from road salt) are the big kickers around here.

I have a 98 Legacy that has 118K on it and it still runs like a top. I keep all the fluids changed and have had no major issues.
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LuckyTheDog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:14 PM
Response to Original message
13. This is a GREAT time to get a new car
If you think you might want a new vehicle, there are lots of great deals. The best deals seem to be on Chryslers. GM, Ford and the import brands are discounting as well.

Being from Detroit, I'm going to strongly encourage you to buy a Big 3 vehicle. They Detroit brands make some great cars now -- with union labor.
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Citizen Number 9 Donating Member (878 posts) Send PM | Profile | Ignore Fri Dec-12-08 05:31 PM
Response to Reply #13
16. Hear, Hear
This is an excellent time to get a good deal. Not normally too big on consumption for the sake of it, but the deals are so good you can practically forget the drive-away costs associated with a new car and the companies sure need the sales.
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Ellen Forradalom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:14 PM
Response to Original message
14. Hell yeah, keep it
My paid-for five-year-old Toyota Prius has that many miles on it and no problems and damned straight I'm keeping it.
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old mark Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:24 PM
Response to Original message
15. 10 year old Subaru with under 100,000 miles is barely broken in.
Why sell it? It works, no problems, insurance should be cheap, no payments.

Run it till it can no longer be repaired.


mark
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Sanity Claws Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:41 PM
Response to Original message
17. Keep it .
I have a 13 year old car with about 130,000 miles on it. It looks good, runs well. It is worth more to me than its bluebook value.
The only reasons you may want to trade yours in is if it doesn't run well or is somehow dangerous.
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sarge43 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:44 PM
Response to Original message
18. Just keep up with the maintenance.
Why go into debt if there're no problems?
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