The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: khangaroo on December 20, 2016, 05:14:25 PM
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Thomas Stanley, author of the Millionaire Next Door, states that the average millionaire bought a 3-5 year old car worth $20-30k and then they drove it forever. Just seeing what other current/future millionaires are driving out there.
Daily driver: '99 Toyota Camry with 175k miles.
I've been wanting to upgrade but just can't force myself to spend the money on a car when this one still drives like a dream. I also rarely drive as my work is conveniently accessible by public transportation so I spend about $50/month on gas.
Fun car: '05 Honda S2000 with 50k miles. The car fever is damped by my garage queen but the winter months = no fun runs.
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2002 Lexus EX 300 with 223K+.
I share it with my 18 year-old when he is home from college. I also have a 15 year-old who will probably drive it when he turns 16.
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A one year old clown car SUV (that we do intend to keep for a decade) and a 9 year old subcompact (Mini).
But, I'm really just responding to say I love your avatar. Domo fucking rules!
Now, I'm off to watch the full series of Doom NHK spots on YouTube.
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2012 for Escape, purchased used, for cash, about a year ago. Has 38k miles on it.
Dumped my 1 year old clown car SUV for the Escspe.
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2005 Ford Ranger V6/5sp with 150k
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2012 Escape hybrid with 55k for DH, and 2013 Smart Car with 27k for me.
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2012 Ford Transit.
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2006 Mazda 3 hatch, 1996 Jeep Cherokee
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2012 Nissan Leaf SL, for which I paid $7700 in March of 2016 (http://forum.mrmoneymustache.com/welcome-to-the-forum/buying-a-nissan-leaf/) with only 30k miles on it. It was approximately 80% depreciated in three years of use.
Electric cars are improving rapidly. Late model versions are cheap because they become outdated technology almost immediately.
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2014 Mazda 3 GT-SKY sedan ... purchased new (gasp!) at the end of 2014, but with cash. Buying new isn't the decision I'd make now, but I'm very happy with the car and plan to keep it for a long, long time!
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2010 Cadillac CTS wagon that I bought in 2011 for $28k. I have 86k miles on it now, but I put less than 7500 miles on it this year. I'm planning on keeping it at least five more years.
My wife has a 2011 Acura RDX that we bought in 2012. 52k miles on that one, so it should last a long time.
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Fun car: '05 Honda S2000 with 50k miles. The car fever is damped by my garage queen but the winter months = no fun runs.
I had a 2004 S2000 that I bought from under a snow drift at a Jeep dealership in Feb 2005. I used it as my daily driver until 2011, then sold it in 2012.
I put a set of snow tires on it for winter months, and never had a problem driving in snow or icy conditions. I once put the top down in a snow storm while driving down I-95 in Philadelphia at around 40mph. I got some funny looks on that ride :)
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Just sold a 2001 Honda Accord to a local college student -- that thing lasted us forever and is still trucking
Bought a 2010 Rav4. LOVE the extra space, and the handling. 48,000 miles on it, so we have a lot of time left in this one. 14,000 spent.
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We have a 2005 Ford Focus Wagon, has 175K miles.
We bought it in Nov of 2012 for $3800 I think it had 144K miles when we bought it.
Its not my favorite car ever, but its paid for and its reliable.
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2016 Siverado pickup and 2012 Subaru Outback. We buy new and trade every 3-5 years and pay cash. Don't carry any debt so this expenditure matters little.
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2013 Toyota Corolla that I bought new in the first few months of 2013. I paid cash for the car and it now has 95K miles. I'm currently searching for jobs closer to home so I can make it last a little longer.
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2017 Ford Escape, barebones base model.
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I've got a 2002 Holden Barina with 130,000km. I've had it for about two years.
Speaking of which, I should probably go and wash it, it's covered in dust, cobwebs and bird shit. Then again, it'll only get dirty again in a few days.
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2015 Citroën Grand Picasso, 1.6l Diesel (light hybrid system).
Worth about 22000 European Pesos new, very good car, averages 4L/100km. Only thing I would change would be longer 5th and 6th gears.
We did not buy it, it's provided by my wife's work under "this can't be right" conditions.
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2007 Honda Fit with 180k miles; 2008 Scion xB with 115k miles.
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2010 Acura TSX, bought used in 2012 for $25.6k with 25k mi.
*Shameful display*
Has 70k mi now and still looks brand new. If I buy another car someday, it'll be 5-6 years old, not 3.
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2008 Prius with 265k miles
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2008 Toyota Camry with 101k miles on it.
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2004 Corolla with 250k miles. Hubs drives a 2007 Civic with 160k or so. We also have a 2001 Chevy truck with who knows how many miles, that we use for DIY, our rental properties, and hubs occasionally hauls things for his work.
We're trying to sell a 2005 Matrix with 168k miles, but no takers yet. No one wants to drive a manual. Sigh.
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2009 Hyundai Accent, barebones, manual transmission
Currently has about 45k miles
Bought in mid 2016 with 39k miles for $4800 cash. Gets decent gas mileage (mid 30s mpg) and is a reliable, simple car.
Before that I was driving a 1997 Nissan Sentra with 156k miles. Bought it from family for $1000 at 130k miles, got $400 in insurance money when I got rear ended (damaged the trunk but still 100% driveable, pocketed the insurance money). Drove it for maybe 2 or 3 years. Sold it on Craigslist for $800. That's a net gain of $200!
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2008 Subaru Outback with nearly 100k miles; ex-rental car, bought used in 2009 with 36k. This is my second Subaru; they wear like iron. I'm hoping to get another five to ten years out of this one.
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2014 Nissan Altima, which now has 40k miles. I call it the Wundercar because it is so comfortable and I average 35mpg. 42mpg while traveling. Who knew a big car can get such good mileage. I normally don't buy new, but it was a gift. Yeah, damn nice gift.
I also have a 2008 Dodge Ram, with 67k miles, that I inherited from Dad.
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2009 Hyundai Accent. 255,xxx miles. Bought three months ago right at 250k with a bad heater core (DIY'd that before it got cold) but otherwise in tip-top shape for $1000 from the original owner that used it to commute 83 miles highway one-way for some reason. So far, so good. Hoping to keep it until at least fall 2018 or 300k miles.
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2010 Prius w/ ~121 k miles, bought a year ago @ 104 k miles
2007 Civic Si that's going to be for sale soon ~ 105 k miles
I bike to work now, so don't drive at all. We buy gas once a month for the Prius unless we're travelling.
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I bought my first car a few years ago. Pre-owned and certified 2008 Volkswagen Rabbit 2.5 for 15k. I needed it for work and got mileage for driving it a couple days per week.
I sold it for 7k just over a year ago, and claimed about 8k in mileage expenses over the 2 years used for work, so at the end of the day the car didn't cost me at all that much. Just insurance costs, gas, and a few small maintenance bills.
Now I ride a cool italian road bike, and take public transit in the Winter.
Thinking about buying a motorcycle in the Spring!
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2011 Highlander. That's not too Badass. But the Badass thing is that I'm gonna put under 5,000 miles (4,887 mi./year pace) on it this year. I know there are some that will do better than that, but I'm very happy with it.
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Drove my 1991 Toyota MR2 (bought in 1996) with 283,000 miles to work today. The wife has a 2002 Toyota Celica (bought new) with 165,000 (IIRC).
Before you think us to be very mustachian, we have too many vehicles... I also have a 1995 Mitsubishi Eclipse with 135,000 miles (bought in 2002) and a 1994 Suzuki Katana with 14,000 miles (bought in 2014 I think?).
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No car at all. I do have a bicycle.
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We have a 1995 Toyota Tercel sedan w/330k, bought 14 years ago and a 2006 Hyundai Santa Fe w/150k bought 3 years ago
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2003 Mitsubishi Eclipse GTS - 145k: I use to commute to work, 3-4 days per week, owned since 2005.
2008 Mazda 3i Sport - 128k: Wife uses for any errands and kid hauling duties during the week, and is our family's weekend and road trip car, owned since 2009.
It's very hard for me to fight off the new(er) car bug; I enjoy cars from a hobby perspective and keep up with new car news and reviews constantly. I keep reminding myself I have other financial priorities to attend to first and we already have a reasonably reliable and efficient fleet of paid off cars, and that seems to be working so far!
Probably replacing the Mazda in 1-3 years with the arrival of another baby, on the radar for that is a 2015+ Kia Sedona, 2014+ Honda Odyssey, or 2017+ Chrysler Pacifica (Hybrid?).
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2005 VW Jetta TDI. Bought in 2012 when pregnant, working excessive hours and needed reliable car. Looked for months because I wanted the diesel (I run biodiesel, more expensive but in line with my values and makes me happy every time I drive). Paid 8k. It will run for a long time because diesel. But maintenance has been costly.
We also have 2005 Ford Escape Hybrid. This was a gift. Has almost 200k on odometer and will likely need to have batteries replaced or something soon. Debating on fixing vs getting a used truck.
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I have a 2008 Mazda 2, 101k miles. Great car, very happy with it. I bought it 6 years ago before my FIRE plans. Planning to keep it going as long as possible.
My OH has a 2006 VW polo 108k miles. This car has had more problems, pretty much guaranteed I'm doing a repair on it every 6 months. OH is wanting a different car, trying to delay this as bordom is the only reason :)
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I've got a 2002 Silverado. Looks like crap.
Which is great, because no one will steal it. But it drives just fine, and isn't that what it's supposed to do?
Wife drives a 2010 BMW 3-Series, but as "multimillionaire next door" types, it was easily affordable.
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Me: 2005 Toyota Matrix bought used in 2012 for $7k
Wife: 2010 Toyota Rav4 bought used in 2012 for $12k (I think)
Toy: 1975 Triumph TR6 bought used in 1983 for $3k. (Face punch worthy... Maintenance/insurance/registration is pretty excessive for the tiny number of miles it gets driven a year.)
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My wife drives a 2007 Acura MDX bought used with 4K miles - almost 140K miles. We will likely refresh at 200K miles.
My car is a 2009 Mercedes C350 bought new (paid cash) with 96K miles Likely facepunchable move but it satisfies my fuel economy itch and my performance itch. I like to keep my cars until 200K miles - this one might go longer because I love it and it is flawless.
I also have a 2001 GEM electric car. Bought used with 4000 miles. I love it for cruising around town and it is fun to drive. We will never get rid of it unless someday we want a newer version.
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I drive a 1993 Rover Metro, bought for £500 4 years ago. 97k miles.
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1984 toyota Vanwagon! love it. 5spd, durable, hauls anything but a$$
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2010 base model 2010 Toyota Corolla. I paid $17K for it new. It has 77K miles so far.
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1984 toyota Vanwagon! love it. 5spd, durable, hauls anything but a$$
Back in 1994, I drove one of these from Houston to Norfolk. It was damn comfy.
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Me: 2005 Toyota Matrix bought used in 2012 for $7k
Wife: 2010 Toyota Rav4 bought used in 2012 for $12k (I think)
Toy: 1975 Triumph TR6 bought used in 1983 for $3k. (Face punch worthy... Maintenance/insurance/registration is pretty excessive for the tiny number of miles it gets driven a year.)
How the heck did you manage to get a 2 year old Rav4 for $12k?!?!?! Thats a hell of a deal. The 2010's in my area are still all listed for more than that, the cheapest one had 200k and it's still listed at $13k.
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2013 Ford C-Max Energi (the plug-in hybrid), bought used for $12600 . Has 32k miles on it now.
Used EVs and plug-in hybrids are a fantastic deal currently.
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'14 Yamaha Bolt RSpec
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Not yet a millionaire, but I've been driving a 2001 Pontiac Grand Am since 2009. Family hand me down car that my great uncle bought new before he died. Just broke 115k miles this month.
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Me: 2005 Toyota Matrix bought used in 2012 for $7k
Wife: 2010 Toyota Rav4 bought used in 2012 for $12k (I think)
Toy: 1975 Triumph TR6 bought used in 1983 for $3k. (Face punch worthy... Maintenance/insurance/registration is pretty excessive for the tiny number of miles it gets driven a year.)
How the heck did you manage to get a 2 year old Rav4 for $12k?!?!?! Thats a hell of a deal. The 2010's in my area are still all listed for more than that, the cheapest one had 200k and it's still listed at $13k.
Gah! Because I am terrible at remembering numbers. ;) I went back and looked. It was $15k. ...and purchased in 2013. Very low mileage, but cost more than I stated and was older than I stated.
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I'm driving a 2015 Nissan Versa Note that I bought brand new for $10,600. Wife drives a 2014 Kia Sorento that we bought used (~35k miles) for $14,500. I'm paying off my car today (literally)! I plan to drive the Note for the next 10+yrs. Wifey wants a 2015+ Kia Sedona to haul the kids around. I'm putting that off for now, but will probably give in sometime next year.
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2012 Toyota Camry SE that we bought used about 18 months ago with 30K miles on it for a little under 15K - now has 50K miles
2010 Volkswagen Routan Minivan that we bought new in late 2010 for "only" 25K - has 80K miles on it now
We pay cash for vehicles...
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2010 Honda Accord EX-L that I bought new 7 years ago last week. I've been drooling over a Subaru Outback for about a year now but I know it makes no financial sense whatsoever to buy at this time.
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VW Passat purchase in Feb-2015 for $12k with 30k miles on it. Now currently has 60k miles on it and the 1.8% loan is down to $5k.
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2003 Toyota Corolla with 65k miles. And a commuter bike with 80k miles.
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2008 Infiniti G37s Coupe
Purchased this past March w/ 21,450 miles for $16,500 (original owner paid $46k with tax/financing, sucker)
6MT + RWD + 330HP = Lots of smiles per gallon :)
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1985 c10 with 135k thats been in my family since it was new
1997 Corolla DX with 104k. I paid $600 for it. lol
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1997 Ford F-350 4x4 XLT
7.3 Turbo Diesel
Reg. Cab long bed
Manual transmission
105,000 miles
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2000 Honda Accord bought new. Now has 282k miles and needs a front seal.
2005 Toyota Tacoma bought used in 2010 with 105k miles. Now has 155k miles with no problems.
We will probably end up replacing the Accord this year, but will also buy new because all the used cars I have bought have been lemons (probably says more about my buying ability than anything else...).
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2009 Toyota Matrix bought new for $17k cash, has 135 k miles on it. I've actually toyed with the idea of getting a new car but they stopped making it and so far I can't find anything else that meets those specifications (great gas mileage for my one-person daily driving, great cargo space to carry my drum set.) All the other little hatchbacks out now have less cargo space or worse gas mileage. So I think I'll just drive my car for a few more years until something better comes out.
I bought my car on a great sale, nothing added to it, stick shift. Although I know everyone talks about 1-2 year old cars being a better deal, I usually find they've had so many unnecessary options added to them that they are not a better deal than a brand new inexpensive car on a good sale.
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2003 Pontiac Vibe with 199,990 miles.
I bought it in August 2014 with 165,000 miles for $2500.
I love it.
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2001 Toyota Camry. Had it since Dec 2006. No major problems with it, fairly high mileage. Incredibly reliable.
We would like another car and get rid of this one. But the camry just goes and goes...
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2007 Toyota FJ Cruiser, bought new, 78K miles. Fantastic machine and still runs great.
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I'd pass as one of those "Millionaire Next Door" types...
2007 Honda Ridgeline, base model with 181k on it. Not the most frugal vehicle, but it gets the job done. Wife has a 2002 base model Jeep Wrangler
Our engines are gas hogs and we don't drive much
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2006 VW Jetta with 118k miles.
Bought it a year ago for $6500 when somebody rear-ended and totalled my previous car (a 2008 Corolla that had 83k miles, purchased for $9k)
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2014 Mazda5, purchased new with plans to drive forever. Currently at 30k miles. Could pay it off, but at 2.9% it isn't a priority. This is "my car" and the one we use for all family outings, vacations, etc. Plan to drive it forever.
2008 Nissan Frontier with 155k miles. I purchased new before marrying my husband, but he's the one who drives it now. Will keep until it has a catastrophic failure that's too expensive to fix.
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My only car is a 2008 Jaguar S type (I embrace the weakness in my character that demands luxury). I bought it used in 2010 for around 30K with just under 10K miles on it. It has just under 50K miles on it; should get there in January. I understood when I bought it that it was not transportation but a hobby, but I’m ready to move on. I’m thinking Tesla in 2018. You can punch me, just not in the face (I have to keep up appearances and a black eye will raise questions I’d rather not answer).
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2006 Matrix
2009 Civic
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2004 vw jetta tdi diesel. Bought new at the time. Currently has 237k miles on it. It's starting the rust a bit but it drives like a top! Absolutely perfect and never had any real issue with it.
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I'm driving:
1999 Toyota Avalon
284K miles
I bought it used in 2002 for $16K and 35K miles
I'm FI, but still working for another 6-9 months.
Thomas Stanley, author of the Millionaire Next Door, states that the average millionaire bought a 3-5 year old car worth $20-30k and then they drove it forever. Just seeing what other current/future millionaires are driving out there.
I guess I followed this perfectly without realizing it... :)
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2006 Mazda Mazdaspeed6 - bought for $6k in Oct 2015. ~137k miles.
1991 Toyota MR2 Turbo - my anti-mustachian flagship. Paid $7k in May 2008, past 260k but is now well north of 400whp. My never-ending project of love and cursing and sweat.
2005 Lexus GX470 - paid $8150 in Oct 2016 w/179k miles. My adventure-mobile (http://www.squashingrocks.com/).
2005 Ford Ranger V6/5sp with 150k
Are you me? OK mine's a 2001 extra cab with a shell I bought used in 2007 as my FIRE truck for camping road trips. Cost $4k and fairly low mileage - under 50k then.and around 125k now. Don't drive it much around town.due to terrible gas mileage and will likely sell it soon.
Joining the Ranger club: 2007 XLT.
I debate whether it is better to drive it into the ground or get an electric vehicle (both sides of the argument have good points and I'm left in the same spot--unsure). In the meantime, to help reduce my carbon footprint and money spent on gas and repairs, I am planning on purchasing an electric motorcycle which I will use as my daily driver during the warm months.
My sister has a 2000 Frontier with close to 200k miles on.that runs great so now we are completion to see who's truck lasts the longest.
I need to find a challenge buddy--this seems awesome! I am uber competitive so I feel if I jumped in on a challenge like this the decision of keeping my truck or not would be made for me.
I sold my '99 Tacoma a couple of years ago as it was approaching 283k. The bar has been set. ;)
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2014 Chevy Volt. Just passed three years of ownership. Yes, bought it brand new, won't be doing that again for a long time but I do love the car and it's incredibly cheap to operate.
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2013 Chevy Cruze with about 38,000 miles on it. Bought last summer in 2015 for around 12k cash.
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2010 Toyota Prius, not sure what it cost, my dad bought it for me new when I was in college. It's got about 85,000 miles on it and I plan on driving it until it dies, I love my little car, plus it's paid off.
I also have a 2002 Toyota Solara convertible I drive in the summer, that was a gift from my mom in July, it has around 40,000 miles on it. It's a lot of fun to drive but gets about half the mileage of my Prius. Not very mustachian of me, I know.
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We have a 2004 Toyota Prius with about 130k miles on it. We hope for it to last into the time where we can just summon a self-driving taxi for the occasional car trip rather than needing to buy and own another car.
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2003 Mercedes C32 AMG. Bought it for $6100. 125k miles. Drives pretty well. A splurge no doubt, but I hit the two comma club and feel like spoiling myself.
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just got to 233k miles on my bought-new 2007 toyota yaris
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2013 Toyota Corolla that I bought new in the first few months of 2013. I paid cash for the car and it now has 95K miles. I'm currently searching for jobs closer to home so I can make it last a little longer.
Wow. 30k+ miles / year. That's a lot of driving.
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I replaced my 2001 Ford Escape this year with a used 2015 Mazda 3 hatchback (paid cash). It gets solid gas mileage and I can easily haul my bike on a hitch rack, my dog crate, and a few friends. Yesterday I took a friend on an IKEA/Costco run and she was impressed with how much it could hold. Planning to keep this car at least as long as I kept the last one (15+ years).
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2006 Pontiac Vibe 5spd
Bought it on ebay for $2,450. Had 106,000 miles, shipped down from Vermont for $735, so for just under $3,200, I got a re-badged Toyota Matrix. I love this car.
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2013 Ford Escape w/~30k miles
2007 Honda Civic w/~95k miles
No loan on either and we don't see a new car in our future for at least 10 years.
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2012 Acura TL with all the bell and whistles... Bought it in '15 for $22k (Unmustachian, I know) has 68K Miles on it, and I barely drive it because I have a company vehicle.