Comments on: I forgot to knock on wood – death of MFJ’s pimp ride version 2 http://myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2 Sun, 03 Jul 2011 02:33:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MFJ http://myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2/comment-page-1#comment-43669 MFJ Mon, 11 Feb 2008 14:31:39 +0000 http://www.myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2#comment-43669 Well the goal was always to find something for under $1000 that would run at least 3 years. In your case yeah it would be great to find something for $5000 that lasted 10 years, but I would say the odds of that happening probably aren't any better than a sub $1000 car lasting 3 years and if you choose wrong and the car dies after 1 year - you are out $5000 and I'm only out $1000 or less. I don't like putting all my eggs in one crappy car ;-) That being said we currently bought my wife a Honda Odyssey for $8k and I'm driving her 99 Accord that is worth about $7k until I can find a new good beater or just plain give up on it and keep driving her accord. That being said though I don't think there is anyway that Accord is going to last 14 more years, but as you pointed out its a crapshoot. I generally tended to lean towards cheaper cars and just try to eak a few years out of them and that's with absolutely no repairs. It would have cost me $387 to fix the drive shafts on my last car and I decided not to. I also agree that not having to buy a new car each year is certainly worth something :-) Well the goal was always to find something for under $1000 that would run at least 3 years. In your case yeah it would be great to find something for $5000 that lasted 10 years, but I would say the odds of that happening probably aren’t any better than a sub $1000 car lasting 3 years and if you choose wrong and the car dies after 1 year – you are out $5000 and I’m only out $1000 or less. I don’t like putting all my eggs in one crappy car ;-)

That being said we currently bought my wife a Honda Odyssey for $8k and I’m driving her 99 Accord that is worth about $7k until I can find a new good beater or just plain give up on it and keep driving her accord. That being said though I don’t think there is anyway that Accord is going to last 14 more years, but as you pointed out its a crapshoot. I generally tended to lean towards cheaper cars and just try to eak a few years out of them and that’s with absolutely no repairs. It would have cost me $387 to fix the drive shafts on my last car and I decided not to.

I also agree that not having to buy a new car each year is certainly worth something :-)

]]> By: Livingalmostlarge http://myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2/comment-page-1#comment-43624 Livingalmostlarge Mon, 11 Feb 2008 04:54:08 +0000 http://www.myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2#comment-43624 I forgot to add there is the added incentive of not having to spend time looking at cars every year. That's priceless. I forgot to add there is the added incentive of not having to spend time looking at cars every year. That’s priceless.

]]> By: Livingalmostlarge http://myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2/comment-page-1#comment-43623 Livingalmostlarge Mon, 11 Feb 2008 04:53:40 +0000 http://www.myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2#comment-43623 Why not pay $5k for something that might run 10 years? Would that be a better investment instead of a true beater? Why not pay $5k for something that might run 10 years? Would that be a better investment instead of a true beater?

]]> By: Jason http://myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2/comment-page-1#comment-38368 Jason Thu, 03 Jan 2008 23:43:14 +0000 http://www.myfinancialjourney.com/archive/i-forgot-to-knock-on-wood-death-of-mfjs-pimp-ride-version-2#comment-38368 It's always sad when a beater finally bites the dust. Hopefully your bad luck won't rub off on me for posting this, but my 1991 Chevy van is still going strong! It’s always sad when a beater finally bites the dust. Hopefully your bad luck won’t rub off on me for posting this, but my 1991 Chevy van is still going strong!

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