Cars…

To cut a long story short, we’re thinking of buying a Toyota Verso. They’re supposed to be super reliable and can easily reach 250.000-300.000kms. They’re very expensive second hand because the dealers now know how reliable they are. Well, it’s also a good thing they don’t devaluate that fast and are considered a very decent car. We were able to borrow one for the time being. It’s a 2006 version and it already has 238.000 on the clock and still going strong! Yep, we’d like one please! The “only” thing we have to decide is how much we’d like (errrrrrr….) to spend on a car. It depends on age and amount of kms already on the counter. We’re thinking about buying a relatively young car (not very Mustachian) and hope to drive it for the next 10-15 years or more if it gives us that (VERY Mustachian!). It’s going to cost thousands though….. 😦

Love,

Mrs EconoWiser

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20 thoughts on “Cars…

  1. Librecom

    here is my two cents. the first question is not how much you want to spend, but how mileage you need a year. And cars are expensive because they lose value. If you buy them expensive, they depreciate more 🙂 Toyota is great, super reliable. We’ve had Yaris twice (we don’t have any children), and never had a problem, well designed, and built in France :). We bought the last one for 2600 euros, 10 years old, but only 84000 km, not diesel. we have one car and make about 10-15000 km a year, so hopefully we ll keep it about 5 years. So far, this car has cost us hardly anything in maintenance : oil change twice a year. We had to change breaks and tyres when we first bought it. So far we are happy. But everybody feels different about cars 🙂

    Reply
    1. Woody M

      Agree! Depreciation is such a huge amount when buying cars that are 2,3 or 4 years old. A car around 8 years might cost a little more in maintenance, but is still allot cheaper compared to the euro’s that “poof into the air” each day when buying a new(ish) car.

      Reply
  2. Woody M

    Sorry for another reply 🙂
    I forgot something. You mentioned about the dealers. Why not buy from a private person through marktplaats for example?
    You can check how long someone has been the owner, ask for a complete history of the maintenance (bills), see what kind of person owned it, and if you almost am sure its reliable you spend a few euro’s for an independent expert check. I am very positive that you will save money then.
    And remember, I am not technical, had a fear of buying like this, but in the end I did it, and it saved me about €1500 to €2000 compared to dealer prices.

    Reply
    1. econowiser Post author

      We narrowed things down to an 8, 5, 3 and 2 year old. Actually, the 8 year old we don’t dare to buy…too many kilometres. We are going to test drive the 5 and 3 year old this Friday. Mind you, within a month these cars will be 9, 6, 4 and 3 years old. The hubby set his mind on the 3 going on 4 year old…. I’m still hoping for the 5 going on 6 year old…. We’ll see….

      Reply
    1. econowiser Post author

      Sat in one and it’s not for me. We’re both very tall and I just can’t sit properly in a car that low. The bloodstream in my legs will cause tingling in my legs after driving longer than an hour. That’s what happens when my knees sit higher than my hips for a long period of time. I would feel extremely miserable driving a low car. We were really looking for a car with high boarding. I love the Opel Zafira as well, for example. (I hope I didn’t sound too complainypantsy…)

      Reply
  3. dx

    Did you think about how you will incorporate the buying of the car in your calculation of the savings-rate. Will it be, for example, -500% for one month? Or will you “smear out” the costs over several years?

    Reply
  4. dx

    ah, that is REALLY cheating. Your saving-rate should include ALL your costs. Otherwise, you are only fooling yourself. Also for your readers, the number looses all its value when you cheat.

    Reply
  5. dx

    🙂 Still, costs for buying a car are just costs that impact your saving ratio. If you exclude certain costs from your saving-ratio, the number becomes meaningless: how can you compare your number to somebody who does not cheat and does include all the costs? I do not see sense in constructing such a bogus saving-rate.

    Reply
    1. econowiser Post author

      I understand. However, I still want to know how much we spend annually on “normal” expenses. So, maybe I’ll do two numbers for December then (because we haven’t purchased the car yet). One that includes the car purchase and one without. We certainly don’t anticipate on buying a car every year 😉

      Reply
  6. dx

    What I do, is to smear out the total costs of big purchases (car, new bed, etc) over the number of years that we expect to use it. For instance, if the car costs 10.000 euro, and I expect to use it 10 years, then that will add 1000 euro yearly car-purchase-costs.

    Big expenses like cars really have a big impact on your progress to financial independence. Therefore, in my opinion, they really should be included in the saving-ratio.

    Reply
  7. Bas

    What I do is the following: I have an excel with “Income”, “Expenses” and “Net Saldo”. In the expenses I include everything up to 1000 euros. Everything above 1000 euros, whether it’s cars, construction work on our house, extra mortgage payments or Meesman I include in “Investeringen”. That way I can see what our spending rate is (“Net Saldo”) and what we have done with it (“Investeringen”). The difference between the two should be the difference in your bank account between 1 January and 31 December.

    Reply
    1. econowiser Post author

      But the investments and extra mortgage payments are worth money…and the other stuff most likely will depreciate over time….plus a car is the worst investment ever 😉

      Reply
      1. dx

        I agree there is a big difference between a car which is really not an investment but a big liability, and real investments like stocks are bonds.

    1. econowiser Post author

      The car wasn’t worth fixing…and independent experts told me not to go for the repair because other things were likely to be damaged as well so I would have other costs couple of months from now. There was no way I was going to drive that unsafe car again with two kids!

      Reply

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