Long time lurker and finally made an account. I have a sports car that was purchased 5 years ago (facepunch) but is paid off for the last year. Really looking to take the first jump and get something more efficient. I am doing quite a few house renovations along with helping others do projects so a car with space is needed. Currently there is a Toyota tacoma with very little rust (their main issue of 2006 chassis). By downgrading I would save a large chunk of money on insurance, gas (current car has to be premium gas), and overall maintenance would be cheaper. I understand I will probably take a lot of punches for wanting a pickup, but with gas mileage 22/26 and be able to add an easy 150-200 on weekend income I feel it would balance out quite in my favor in the long run. Every hardware store is at least 15 miles plus away but I do bike to work everyday, so the current car is for grocery/hauling only right now.
The money: (best part)
2006 Toyota Tacoma, 110K miles, tow package but the 2.7L engine. 22/26 MPG
Price:$6500
Current car:
$8500 (at lowest, probably more 9500)
Insurance per month drop:
$40
Current car maintenance work:
$3200
New car maintenance work:
? No codes on the system yet
Sell and invest the extra? I would like a honda crv or something similar, but they do not allow a tow hitch (wouldnt be able to make extra cash on weekends), and usually cost much more then the tacoma. Right now its just me and the misses and we do not plan on kids for the next 10 years at least. Income shouldnt matter if your living happy right?