I Need Opinions... What would YOU do in my situation?

Discussion in 'Community Discussion' started by gfish31, Feb 11, 2011.

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How would you handle the car situation?

  1. Keep your current car as long as possible then buy a new car when you have money

    4 vote(s)
    11.4%
  2. Buy the Mini

    28 vote(s)
    80.0%
  3. Keep current car, buy decent used car (TSX) in near future

    3 vote(s)
    8.6%
  1. gfish31 macrumors regular

    Joined:
    Apr 16, 2008
    #1
    Ok, so I've got some options concerning my main mode of transportation, my car. I currently have a 97 chrysler concorde, which while it still runs, makes me very nervous because when repairs are needed, A LOT of repairs are needed. My grandmother just offered me her 2002 Mini Cooper (non-S, automatic, 60,000 miles) for $5k. I could have that paid off by the end of this year and have a car that will last for a while. OR I could decide to keep my tax return and a lot of my money and either buy a decent used car (Acura TSX - my choice) in the short term or save up for a new car long-term. So what would you do?
     
  2. GoCubsGo macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
  3. iGav macrumors G3

    Joined:
    Mar 9, 2002
  4. yg17 macrumors G5

    yg17

    Joined:
    Aug 1, 2004
    Location:
    St. Louis, MO
    #4
    The blue book value on the Mini is around $8,000. $5k is a steal, I'd go for that.
     
  5. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
  6. iJohnHenry macrumors P6

    iJohnHenry

    Joined:
    Mar 22, 2008
    Location:
    On tenterhooks
    #6
    Only driven by a little old lady, to go shopping?? :eek:

    Go for the Mini. You can get your jollies later, when you have the ca$h.
     
  7. Capt Underpants, Feb 11, 2011
    Last edited by a moderator: Feb 11, 2011

    Capt Underpants macrumors 68030

    Capt Underpants

    Joined:
    Jul 23, 2003
    Location:
    Austin, Texas
    #7
    Buy the mini. If you wanted to sell it in a couple of years, you could break even.
     
  8. mscriv macrumors 601

    mscriv

    Joined:
    Aug 14, 2008
    Location:
    Dallas, Texas
    #8
    Is grandma itching to sell right now or will she just keep driving the mini if you don't buy it? My point is that if your Chrysler is okay for the moment then why force yourself to make a decision right now. You could keep driving it as long as it lasts and if grandma holds onto the mini then when the Chrysler does have a problem you make the purchase then.
     
  9. obeygiant macrumors 68040

    obeygiant

    Joined:
    Jan 14, 2002
    Location:
    totally cool
    #9
    [​IMG]

    AHOY! Matey, are ye goin' t' keep yer land yacht? Why nah haggle fer th' mini. ARRRRRRRRRRG!


    For ye land luv'rs
     
  10. 63dot macrumors 603

    63dot

    Joined:
    Jun 12, 2006
    Location:
    norcal
    #10
    Go for the mini, it sounds like you have a great price.
     
  11. littleman23408 macrumors 6502

    Joined:
    Jun 18, 2009
    #11
    I voted for a decent car in near future. I have been looking at Mini's for quite a while now and have decided against buying one until I can get a brand new one with warranty. I have talked to a lot of people and they all tell me the same thing - they are expensive to fix. $5k may be a steal, but in the long run it will be expensive to fix. Some have even told me they need to go to the shop alot.

    my input
     
  12. (marc) macrumors 6502a

    (marc)

    Joined:
    Sep 15, 2010
    Location:
    the woods
    #12
    Keep your current car and be a good grandson so that when you need a new car, grandma's Mini won't cost $5k anymore :)
     
  13. iMJustAGuy macrumors 68020

    iMJustAGuy

    Joined:
    Sep 10, 2007
    Location:
    Beach, FL
    #13
    Buy the Mini. As someone else pointed out you know it's been taken care of and hasn't been rode hard. Besides, along with a Jeep, the Mini Cooper has the highest resale value of any car. If you decide you want something else within the next couple of years you could probably sell it for what you bought it for (provided there are no damages or issues with the car).
     
  14. OutThere macrumors 603

    OutThere

    Joined:
    Dec 19, 2002
    Location:
    NYC
    #14
    You're in a good position right now knowing that you'll soon need a new car. The position you don't want to be in is that your current car is dead and you need a new one asap. Take advantage of your breathing room to really explore your options. What kind of comparable cars can you find for $5k? Things to consider with the mini: they're expensive to fix and it may be harder to find someone to fix it. You can take the Chrysler to Bill down the street and can get it running no sweat, but finding someone qualified to do work on the mini (ideally not the $tealership) could be a bother. 60k can also be the beginning of a turning point as far as maintenance goes—little things might start to require attention. Many of my friends in college had European cars roughly that age and mileage and they were continually bothered by minor yet expensive fixes.
     
  15. northy124 macrumors 68020

    northy124

    Joined:
    Nov 18, 2007
    #15
    Get the Mini :D although if you can find it, the Audi TT is a great car, IDK if you can get it for $5,000 but in UK you can get it for £3,500 min ;)
     
  16. gfish31 thread starter macrumors regular

    Joined:
    Apr 16, 2008
    #16
    I 100% agree with you and this has been factored into my thinking. I've been considering my options for a couple weeks now, and there's advantages and disadvantages to each decision. I've been leaning towards keeping my current car as long as possible and hopefully being able to afford something new(er) by the time it dies. Problem is, if I do that and my car dies in the next month or so, the Mini option may not be there... my grandma was going to trade her Mini and her Fit in and buy a new Mini at some point. Still leaning towards keeping my car though because I think it has a good year or so left in it, and that should be enough time.
     
  17. Jethrotoe macrumors regular

    Joined:
    May 24, 2009
    Location:
    Somewhere over there.
    #17
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 3_1_3 like Mac OS X; en-us) AppleWebKit/528.18 (KHTML, like Gecko) Version/4.0 Mobile/7E18 Safari/528.16)

    Good price for the mini. Fun to drive too. I have a clubman. Not too bad to work on. Made by BMW. 60k isn't a lot of miles, esp if put on by grandma I suspect.
    Still a lot of life left if in good shape.
     
  18. SDub90, Feb 11, 2011
    Last edited: Feb 11, 2011

    SDub90 macrumors 6502a

    Joined:
    Nov 9, 2009
    Location:
    Long Island
    #18
    If I were in your situation, I'd buy the mini. Wouldn't even have needed to ask someone else's opinion on it. Only thing that would stop me is if I knew it wasn't well maintained. They're fun cars.
     
  19. leekohler macrumors G5

    leekohler

    Joined:
    Dec 22, 2004
    Location:
    Chicago, Illinois
  20. Demosthenes X macrumors 68000

    Demosthenes X

    Joined:
    Oct 21, 2008
    #20
    How much is your car worth right now? I'm going to guess $1000.

    In that case, the Mini costs you $4000. That's a steal. It will still be worth at least $4000 in a year. If you then decide you want to upgrade, you're no worse off than you are right now.

    That's the bad case.

    The best case is that the Mini is actually worth more than $5000 right now. So in a year it will still be worth say $6000. In that case, if you do decide to trade up in a year, you're essentially getting $2000 for "free" since you got such a good deal on the Mini in the first place.

    Don't worry too much about repairs. Yes, they're on the expensive side. But it sounds like your Chrysler is at the point where it might need big repairs, too. And big repairs and expensive no matter what the car.

    The icing on the cake is, the Mini is way more fun to drive than your current ride.

    This really is a no-brainer...
     
  21. NickZac macrumors 68000

    NickZac

    Joined:
    Dec 11, 2010
    #21
    This makes me laugh hysterically for some reason...but yes, I'd go Mini as well.
     
  22. Fubar1977 macrumors 6502a

    Fubar1977

    Joined:
    Jul 30, 2010
    Location:
    North Yorkshire, UK
    #22
    Get the Mini, run it for a year and you can still sell it for what you paid for it.
    A years "free" motoring (excl. fuel etc, obviously).
    No Brainer.
     

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