Author Topic: Car Replacement (Canada)  (Read 1132 times)

pachipres

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Car Replacement (Canada)
« on: April 30, 2022, 07:59:35 PM »
My husband and I are mostly FI and older. We live in Saskatchewan, Canada. We have a 16 year old Mazda 5 that desperately needs a new motor. Our mechanic said the $3 K to replace the engine was not worth it. We have been looking at an automatic SUV. We have test drove a 2016 Honda Pilot with 93,750 miles/150,000 kilometers selling for with tax $33,000 Canadain. The other vehicle we test drove was a 2015 Toyota Hylander with 118,750 miles/190,000 kilometers selling with tax for $23,000 Canadian. We know this is a lot of money, but we have been doing a lot of research, and this is the cost of vehicles in Canada. Both cars are one owner and serviced by the local dealer -Honda/Toyota.  We are an older couple and like the idea of being higher up. We don't want to be sleeping in a tent anymore when we go camping; hence, we would like an SUV to be able to pull a tent trailer/hard top trailer. We would like to hear what other people's opinion on this is.

frugal_c

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Re: Car Replacement (Canada)
« Reply #1 on: April 30, 2022, 08:18:57 PM »
Those are both solid choices but the price is so high.  I know it's going rate, just haven't looked at those models. I would go with the Toyota myself.

I can also suggest a Toyota Camry.  You will save some gas and it can haul a tent trailer I believe.

pachipres

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Re: Car Replacement (Canada)
« Reply #2 on: April 30, 2022, 08:34:27 PM »
Thank you for your reply. We need a 6-cylinder to pull a tent trailer, and the Camry is only a V4.

alsoknownasDean

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Re: Car Replacement (Canada)
« Reply #3 on: April 30, 2022, 08:52:55 PM »
Thank you for your reply. We need a 6-cylinder to pull a tent trailer, and the Camry is only a V4.

Inline 4, not V4, and the Camry does come with a V6 as well. :)

How heavy is the trailer you plan to tow? My dad replaced his Subaru Forester last year because he wanted to tow a camper trailer that weighed more than it was rated to tow (1500kg).

$23,000 for a seven year old vehicle with 190,000km...what's a new one worth? Seems an awful lot for a car at that stage of it's life.

pachipres

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Re: Car Replacement (Canada)
« Reply #4 on: May 01, 2022, 07:54:23 AM »
My understanding is new ones are like $50-60 K Canadian. The problem with a Camry, even a V6 is my husband's knees/back are not good, so we wanted something higher up. Do you think the $23,000 Canadian (with the tax included) with 190,000 kilometers is expensive with how things are going these days? We have researched so much and can't seem to find anything cheaper?

SunnyDays

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Re: Car Replacement (Canada)
« Reply #5 on: May 01, 2022, 10:52:22 AM »
I took a quick look at the vehicles you mentioned in my province and your prices seem pretty good, actually.  Similar aged and mileage vehicles here are selling for about 10K more.

Are you sure your Mazda wouldn't be worth repairing?  How much more life will 3K buy you?  Can you find a newer engine in a scrap yard

I was in an accident and the insurance company wanted to write my Matrix 2003 (148,000 kms)off for $4500.  I bought it back and got it fixed for a total out of pocket of about $2500 and I expect it to last me many more years.  Maybe get another opinion?  It might be worth it.

pachipres

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Re: Car Replacement (Canada)
« Reply #6 on: May 01, 2022, 12:31:03 PM »
Hi, thanks for your response. The Mazda is a 2006 and has served us well. It not only needs motor, but boots for the front wheels as well. the Kelly Blue book price for tradein/resale value is about $500. To sink around $4000 into a 2006 Mazda 5 doesn't seem worth it as it is also rusting around the back wheel wells (originally an Ontario car -Salt). We are also looking at getting something a little bigger and higher up, as well as having the capability to pull a tent type trailer. We have looked at Honda Pilot used ($33K with 150k km) and a Toyota Highlander ($23k 190k km). The Honda has all the bells and whistles and the highlander is not as fancy. THey both drive the same. I just don't like the price of the Honda. I am going my Mr. Money Mustache philosophy of buying a 10 year old car and driving it for 10 years, similar what we did with the Mazda5. Both vehicles we have looked at are one owner and serviced by the local dealer entirely. We posted on another forum, and have been given a wide range of info. Any other thoughts are appeciated.

frugal_c

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Re: Car Replacement (Canada)
« Reply #7 on: May 01, 2022, 02:51:24 PM »
The highlander is the way to go then. The mileage is high but it's got to be highway miles. I recommend some type of mechanical check.  Also get the vin and check to see it's histor.  Avoid anything that was auctioned.

alsoknownasDean

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Re: Car Replacement (Canada)
« Reply #8 on: May 01, 2022, 08:20:45 PM »
Do you really need something the size of a Highlander? What about a Rav4, Forester, CX5 or Tucson if you need something higher?

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pachipres

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Re: Car Replacement (Canada)
« Reply #9 on: May 07, 2022, 08:29:01 AM »
We want to tow a tent trailer. Do you recommend a V4 that can tow several thousand pounds?

PharmaStache

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Re: Car Replacement (Canada)
« Reply #10 on: May 08, 2022, 11:41:49 AM »
Those prices are so high for cars of that age and mileage.  I know that's the going rate.  My 2010 CRV with 250,000 km is going to sell for 10k.

Do any new, small SUVs tow that much?  They are all selling for around 40k (I bought a new CRV and my parents a new Forrester).  In the current car buying climate I'd rather buy new, if time is not an issue.