Buying a Car
Facets of Food
It is and was mostly used for highway driving with a lot of rural roads thrown in since I live in a very rural area.
Two up front, three in the backseat.
It floods quite frequently, so I wish I could have gotten a truck with four-wheel drive, but it was too expensive at the time.
Also, it would have bankrupted me paying for the gas in a truck to get to work.
On days off, I live an hour away from everything, so a minimum of two-hours in the car each time I wanted to go anywhere.
I worked three days a week, which makes a weekly total of 588 miles.
Add in going to the store once a week, which is 54 miles away and random or miscellaneous driving which averages 20 miles each trip, three to four times a week.
3,024 miles per month.
36,288 miles per year.
Now, I am not sure how long I'll keep the car.
Sold to a private party: $11,000
Usually you get a good warranty to cover it while you have it. Free maintenance, oil changes, etc.
If you decide to get rid of it, you can.
If you decide to keep it, usually that's an option at the end of the lease.
Big upfront down payment required.
Monthly Payments that don't go towards a principle amount.
Some companies won't let you keep the car at the end of the lease.
It's yours to keep.
You can pay it off quickly and own it out right.
You can modify it how you wish.
You're locked into an auto-loan with interest.
It's yours, so the maintenance is mostly your responsibility.
Resale value drops very quickly
Car insurance: $100
Monthly gas bill: $250
Oil changes every 3-6 months: $50
They're meant to protect the consumer. If you buy a product that constantly has issues that is the fault of the manufacturer, the lemon law may help protect you from being liable for the expenses.
Mostly affects used-cars.
Motors, H., 2020. Haims Motors Used Cars. [online] Haims Motors. Available at: <http://www.haimsmotors.com/detail-2016-toyota-camry-4dr_sedan_i4_automatic_se-used-16248756.html> [Accessed 26 November 2020].