The Truth About Cars » Taco http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Mon, 20 Oct 2014 16:05:48 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » Taco http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com New or Used: Eliminate Debt, Eliminate Subie? http://www.thetruthaboutcars.com/2011/12/new-or-used-eliminate-debt-eliminate-subie/ http://www.thetruthaboutcars.com/2011/12/new-or-used-eliminate-debt-eliminate-subie/#comments Thu, 01 Dec 2011 16:46:41 +0000 http://www.thetruthaboutcars.com/?p=420809   Ryan writes: Sajeev and Steve, I find myself perplexed by a vehicular conundrum. A year ago I purchased my first new car, a 2010 Subaru WRX STI SE. It is a great car. Previously I daily drove a 1997 Toyota Land Cruiser. Another great car. I drive about 20,000 miles a year, mostly on […]

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Ryan writes:

Sajeev and Steve,

I find myself perplexed by a vehicular conundrum. A year ago I purchased my first new car, a 2010 Subaru WRX STI SE. It is a great car. Previously I daily drove a 1997 Toyota Land Cruiser. Another great car. I drive about 20,000 miles a year, mostly on the highway.

My wife and I both work. We contribute heavily to our 401K’s and IRA’s. About a month after I purchased the car my wife decided to go back to school, for an MBA. No problem. She now has a year left. For the year we will be setting aside just shy of $1000 per month to pay for her schooling. This leaves us saving very little over the next year. We have emergency funds to last a few months should the need arise. I want to eliminate debt as soon as possible (currently 2 car loans and a mortgage, nothing more).

My inner cheapskate has become uncomfortable with the nearly $1100 a month operating costs of my beloved STI. My inner car guy misses the Land Cruiser terribly. I’m without a truck. Replacing the STI with another 80 series Land Cruiser or Land Rover Discovery I do not save much money because of the fuel costs.

I am contemplating selling the STI, and picking up a truck and a commuter. The commuter would need to be somewhere around $10,000 or less. Cash for one vehicle, maybe a loan for the other. The ideal commuter would be more comfortable than the STI, get around 30 MPG, have four doors and possibly be all wheel drive (for ski trips). Cadillac CTS? Lexus something? Nothing soulless, please. I can turn a wrench and can maintain both vehicles no problem.

What say you? Do I keep the STI and buy a truck when I can? Sell the STI, buy the truck and commuter? If so, what kind do you suggest?

See the attached spreadsheet. (Ryan’s Car choices)

Steve Answers:

My assumption is that you can cash out the STI. Because if you can’t there is no need to read beyond this sentence.

Well now… you apparently want a Euro car in an American market. Before we cross the bridge of dread known as ’10 year old European car’ I have to ask you three questions (cue Monty Python bridge scene).

  1. Have you ever spent more than five hours performing a major maintenance or repair… and succeeded?
  2. Are you one of those people who enjoys reading up on enthusiast forums at odd hours?
  3. When someone tells you about ‘electrical issues’ with their ride, is your first gut reaction to flee and/or throw up?

If you have the courage to brave a parts network that arguably lead to the fall of the EU, then by all means have at it. Audi sells the A3, A4 and A6. BMW has the 3-Series and 5-Series. Mercedes has… well, let’s not go there.

If saving money and having a fling is your thing, then ask Sajeev. Or get a Lexus IS300 SportCross.

Sajeev Answers:

Don’t ask me about having flings, but I am a damn good tightwad…maybe that’s the problem?

So what does the lady in your life drive?  I hope it’s a Panther, as that would make my job much easier.  But I still might give the same answer: if it ain’t broke, don’t fix it.  Odds are your wife’s ride doesn’t suck down money like the gas/insurance/monthly payment of an STI.  Even if it isn’t a “commuter” car.

Definitely sell the STI. You like trucks, so get one. Take it from me, people are actually excited to go for a ride my stupid little 4cyl/5-spd Ford Ranger. I really don’t get it. For some reason being inside a truck with a stick shift is exciting and different to most folk. Which is a sad (but true) statement about our overweight, over-leveraged, conspicuous consumption society. You can both appreciate a cheap little truck’s charm AND enjoy it, considering your love affair with the Land Cruiser. Not to mention you need the money. So be a tightwad like me, at 33MPG highway in my case you won’t regret it. At least not initially.(cough)

You are in Tacoma land, or Ranger land**.  Neither are soulless, as my experiences have shown. Drive them both and see if the Taco is worth the price premium…buy it with cash and get one loan payment out of the way. Worry about the wife’s car later, that is a separate problem.

**If you are upside down on your loan for the STI, you might very well be in $8000 Ford Ranger territory.

Need help with a car buying conundrum? Email your particulars to sajeev@thetruthaboutcars.com , and let TTAC’s collective wisdom make the decision easier… or possibly much, much harder.

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