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<blockquote data-quote="Dave70968" data-source="post: 3083326" data-attributes="member: 13624"><p><strong>[Broken External Image]</strong> </p><p></p><p>Buy something several years old; let somebody else take the depreciation hit. Pay cash, and stick what would have been the monthly payment into savings or reasonably liquid investment (a money market account would be a good choice); if something breaks, you'll have the cash to fix it, but will have been <em>earning</em> interest instead of <em>paying</em> interest. Also, your insurance premium will be lower.</p><p></p><p>As to model, I've been happy with my Explorers. I have friends who have bought the luxury models (i.e. the Lincoln version instead of the Ford), and they all had numerous problems specifically with the "luxury" features. Covered under warranty, but still a real hassle to deal with. Dodge doesn't have a good long-term reputation, and frankly, I have issues with buying from either of the bailout companies, at least until they pay back <em>all</em> of the money they got from .gov, <em>and</em> make whole the bondholders who got screwed in the bankruptcy proceedings (they should have been superior creditors, getting paid before junior creditors, but it was politically convenient to do otherwise).</p><p></p><p>Also, consider something foreign. I know, "buy American," but a lot of them are made here (and a lot of "American" cars, or at least their parts, aren't), and the manufacturers are publicly-traded; if you have any mutual funds or retirement investments, you probably own a little bit of all of them. Toyota makes some damned fine vehicles, and I've friends who wouldn't trade theirs for love nor money. I can't speak as to any first-, or even second-hand experience with Nissans, but it seems like I've heard good things in general. I'm fond of Honda sedans, but don't know anything about their SUVs. If you see a Rover, run like hell; there's a <em>reason</em> it's for sale, and that reason is probably because the owner got tired of paying to have it fixed.</p></blockquote><p></p>
[QUOTE="Dave70968, post: 3083326, member: 13624"] [b][Broken External Image][/b] Buy something several years old; let somebody else take the depreciation hit. Pay cash, and stick what would have been the monthly payment into savings or reasonably liquid investment (a money market account would be a good choice); if something breaks, you'll have the cash to fix it, but will have been [I]earning[/I] interest instead of [I]paying[/I] interest. Also, your insurance premium will be lower. As to model, I've been happy with my Explorers. I have friends who have bought the luxury models (i.e. the Lincoln version instead of the Ford), and they all had numerous problems specifically with the "luxury" features. Covered under warranty, but still a real hassle to deal with. Dodge doesn't have a good long-term reputation, and frankly, I have issues with buying from either of the bailout companies, at least until they pay back [I]all[/I] of the money they got from .gov, [I]and[/I] make whole the bondholders who got screwed in the bankruptcy proceedings (they should have been superior creditors, getting paid before junior creditors, but it was politically convenient to do otherwise). Also, consider something foreign. I know, "buy American," but a lot of them are made here (and a lot of "American" cars, or at least their parts, aren't), and the manufacturers are publicly-traded; if you have any mutual funds or retirement investments, you probably own a little bit of all of them. Toyota makes some damned fine vehicles, and I've friends who wouldn't trade theirs for love nor money. I can't speak as to any first-, or even second-hand experience with Nissans, but it seems like I've heard good things in general. I'm fond of Honda sedans, but don't know anything about their SUVs. If you see a Rover, run like hell; there's a [I]reason[/I] it's for sale, and that reason is probably because the owner got tired of paying to have it fixed. [/QUOTE]
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