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[Michael Czeiszperger <michael AT czeiszperger.org>]

On Jun 12, 2006, at 1:43 PM, uzoma nwosu wrote:

> I planning on purchasing my first car in the next couple of weeks.   
> I'll probably sign up for consumer reports and some other sites as  
> well.  I'm looking at new as opposed to used but that's not written  
> in stone.  I'm looking for something under 16k, with good mileage  
> and moderate pimpability factor.

I strongly suggest you consider getting a car with higher mileage  
than 16K....  There's a big drop-off in price after 30K and 60K, but  
the cars still have lots of life in them, and so they are much better  
values.  Sure, decades ago cars were unreliable, but most modern car  
makers have products that will go into the upper 100s with just  
regular maintenance.  I drove my $12,000 Saturn to 160,000, for  
example, and its still a reliable car for its new owner at 180,000.

It may be just me, but I think its ridiculous to spend such a high  
percentage of one's income on a quickly depreciating asset.


Michael Czeiszperger
Chapel Hill, NC
michael AT czeiszperger.org